bitcoin difficulty + btc price - page 2.

ajw7989

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Quote from: xstr8guy on September 15, 2014, 07:25:52 PM

Sorry to be the bearer of such depressing news but...

The large private datacenters/ASIC manufacturers are so far beyond home miners in every conceivable way. The difficulty will continue to rise long after mining at home is completely unprofitable.

And if/when difficulty starts to decline, it will never again be profitable for home miners to join back in the game because the massive datacenters will ride a thin line of profitability that will exclude everyone else but the most efficient operations.

I have a feeling this is coming pretty quickly. IT is almost impossible for any home miners to make an ROI atm and i doubt it will be possible at all by the end of the year unless bitcoin price spikes to at least 800.

xstr8guy

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Glow Stick Dance!

Sorry to be the bearer of such depressing news but...

The large private datacenters/ASIC manufacturers are so far beyond home miners in every conceivable way. The difficulty will continue to rise long after mining at home is completely unprofitable.

And if/when difficulty starts to decline, it will never again be profitable for home miners to join back in the game because the massive datacenters will ride a thin line of profitability that will exclude everyone else but the most efficient operations.

rammy2k2

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Quote

now bitcoin difficulty went up

oh really ? Grin

nocroom

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Quote from: Nagle on September 15, 2014, 02:49:59 PM

Quote from: Beliathon on September 14, 2014, 08:09:16 PM

difficulty up --> time --> price up

No.

Look at the price and difficulty graphs for the last six months. Difficulty is going to the moon, price is going nowhere.

Difficulty should start to level off when price/performance of Bitcoin ASICs levels off. Probably in 2015.

So is still good idea to increase hash power?

Nagle

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Quote from: Beliathon on September 14, 2014, 08:09:16 PM

difficulty up --> time --> price up

No.

Look at the price and difficulty graphs for the last six months. Difficulty is going to the moon, price is going nowhere.

Difficulty should start to level off when price/performance of Bitcoin ASICs levels off. Probably in 2015.

philipma1957

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Quote from: electricmarbles on September 15, 2014, 12:48:29 PM

we are still a long way off before the system starts self sustaining itself with negative difficulty drops. with the data centers coming online theres no way theyll start unplugging because the price has dipped a bit.

The mine a few th of hash using 2-6 kwatts in my shed/garage/basement guy is not longer much of a factor.

Chips and units using .5 or .6 watts are not that important.

If a company can build a 1ph data center for under 500btc and get cheap power at 3 cents a watt it is a sure money maker.

I think asicminer, bitfury and bitmaintech can all do this.

So look at a btc calc read out.

they can make insane money if they limit the growth of their dc's and sales to us to 10%. they only need to maintain the prices about 460 usd a coin. I think the next 4-6 months time they will look to do this. Little guys like us will need to find cheap power more then any other factor
second factor $ per gh

electricmarbles

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we are still a long way off before the system starts self sustaining itself with negative difficulty drops. with the data centers coming online theres no way theyll start unplugging because the price has dipped a bit.

nocroom

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Quote from: BittBurger on September 14, 2014, 08:45:57 PM

I hear this mentioned often. Maybe someone can clear something up for me. People warn that if the price of Bitcoin doesn't rise, miners will suffer, and that means Bitcoin will suffer. Isn't this a self-adjusting system though? If difficulty gets too hard, fewer people mine, and difficulty goes back down. If miners suffer due to low BTC values, fewer miners will mine, difficulty will decrease, and profitability will still be worthwhile to those who remain. It will reach a new (lower) equilibrium. So is there really a concern?

Thanks

-B-

I'm planning getting 3 sp35's, so hoping that bitcoin difficulty goes down

BittBurger

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I hear this mentioned often. Maybe someone can clear something up for me. People warn that if the price of Bitcoin doesn't rise, miners will suffer, and that means Bitcoin will suffer. Isn't this a self-adjusting system though? If difficulty gets too hard, fewer people mine, and difficulty goes back down. If miners suffer due to low BTC values, fewer miners will mine, difficulty will decrease, and profitability will still be worthwhile to those who remain. It will reach a new (lower) equilibrium. So is there really a concern?

Thanks

-B-

goozman96

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The price will go back up eventually otherwise the difficulty will have to lower eventually. People will stop mining if they're losing money.

Beliathon

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https://youtu.be/PZm8TTLR2NU

difficulty up --> time --> price up

nocroom

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now bitcoin difficulty went up, you think will go back down again or will be hashing power + renewable energy power is that will make it?

Quote

only thing i see good about that will be pushing low end hashers out and selling off the mining equipment driving total hashing lower making bitcoin difficulty back down again for a short time input?

Quote

Also you see btc price to go up by Christmas ?

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