........
12mo; can we dream?
Incidentally, I bought 5 more GPUs while S9 was not on sale, a.k.a they have serious competition now.
gpu's are the biggest competition bitmaintech has at the moment.
With all due respect, I must disagree with the view of GPU's being competition for Bitmain. Using a GPU to mine a different coin, which is then exchanged for BTC isn't really the same thing as buying a Bitcoin miner. Yes it may be a cheaper way to acquire BTC, mining another coin and exchanging does nothing in terms of the network, difficulty, and the like.
To some extent folks that might have spent their money on a Bitmain product, maybe it has a tiny impact. If there was a wholesale rush to mine-XXX/exchange, folks with actual BTC mining hardware might benefit from a long term stability or reduction in difficulty. The value proposition also is at the whim of the exchange rate, and longevity of the the XXX coin. I always wonder what happens to all those XXX coins that are exchanged for BTC. Who gets "stuck" with them?
Besides, Bitmain doesn't seem to have any difficulty selling their miners at the price they want, regardless of what folks do with their actual fiat money (e.g buying a GPU based system).
Okay the Internet is a hard place to discuss with an s-9 .
I can see your point in that bitmaintech doesn't care if miners buy gpus.
I have 23 gpus mining at about 500mh earning 900 usd and costing 430 in power that is 18 cent power
I net 470 usd per month.
I have 55th in s-9 it earns me money but has free power due to solar array deal I have.
I can only lose on s-9 if it breaks since my warranty is 90 days.
So when I want to add gear I need to weigh the following 2 year warranty for gpu gear with the risk of all gpu coins crashing.
Or a 90 day warranty on s-9 which the risk of the s-9 breaking.
So I am middling my risk.
If the solar array was on my land and in my house I would have a few gpu miners running in it.
I can not see me going all gpu or all s-9 . So I see gpus and s-9 as different tools to dig crypto coin.
I also see all coins as the same item no real difference between them when viewed as a means to acquire wealth. Obviously coins are consider different in other ways, but a million usd of any coin is a million usd.
I'm using a similar strategy. Diversifying helps to decrease risk.
ATM, I'm testing one of those new 150MHS X11 rigs that can mine on 5 algos and uses very little electricity. A few the coins i'm able to mine have been around for a long time: ie Dash and Digibyte. I'm also researching a new/efficient 200MHS machine that can mine any GPU coin and uses only 800 watts.
My gut tells me that others are looking for more profitable/efficient alternatives to straight BTC mining.
So I hope BTC difficulty levels off. That way, I hope I'm able to keep existing last generation BTC gear (S7s and A6s) and the price of this generation's gear ( S9s and A7s) becomes a lot better. If not, there's always other mining gear opportunities to explore.
BTC mining gear manufacturers will not be the only "crypto mining gear makers" to make equipment in the crypto world....and some other coins will be around for the long run too. OFC, there is the same concern that happened to the Scrypt algo when Scrypt ASICs emerged.
TLDR: As long as we can ROI under 8 months on any other equipment, my BTC mining gear purchases will take a back seat.