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legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
May 24, 2014, 05:18:06 PM
#6
all miners will die off if fiat price does not increase to 800usd or more.

"all" miners won't die off no matter what the difficulty is.   If half the miners quit because difficulty is too high then the difficulty would fall 50%.  The marginal miner, the one with below average efficiency (J/GH) and above average power cost are probably in a world of hurt though.




I can get 800 watts of power at 4 cents a k-watt.  I can use a 600gh/800watt s-1 under volt & down clock setup.    so 1.33 watts per hash  but at 4 cents a k-watt

  That will compete with a sponndoolies s30  using .5 watts (if it ever shows up) getting 11 cents a kwatt.



   I am thinking  people with spot setups will carry on my setup above will pay for power into  feb/march  of 2015

So you are right that all gear won't die off.

right now diff  is growing faster then watt/hash is shrinking.  some would argue this has pushed price up a bit  from 425 usd to 525 usd.



there is some truth to what you say.    what interests me is s-1s   there are huge amounts of them maybe 35 % of the network .

 with good down clock & under volt  they stop making money at the 30-40 diff level.  new gear is not much better.

 a s-1 can do 1.25-1.33 watts at the plug>>>> set to 300 freq + undervolted

a s10 can do .7 watts at the plug>>>>> set to power save 1th mode.

the price of the s-10 does not make up for power saved.   all this will become pretty obvious  at 30-40 diff levels.

   if the fiat price jumps to 800 or 1200 usd all will be good . 


 should be fun to watch it unfold.



full member
Activity: 238
Merit: 100
Kia ora!
May 24, 2014, 04:05:23 PM
#4
IMHO, while the majority of mining is still carried out by non-corporate sponsored miners, then the base motivation for mining will be driven from a passion for this game - and the great carrot of making money while doing pretty much nothing, rather than, being driven from a pure economic sense, so things like ROI, GH per watt etc are really an exercise in academia for most, or a talking point for the depressed who are watching their BTC per day drop, or even used as an attempt to discourage other miners from expanding their rigs, while expanding your own rig...that sort of thing.

The only ones really strictly budgeting out their BTC based on those factors are those with millions invested in this game, for the rest of us, we will just keep coming up with reasons to keep our, USB miners, 400w over clocked antminers etc, running even when they are running at a loss, we will down clock them, down volt them, turn them into space heaters, fry an egg on them, use them as 400w xmas lights, whatever, while at the same time, any new player wanting to get into mining will have the "theres no money in mining, BUY BTC" mantra yodelled at them, meanwhile the same yodellers are probably still sending every mBTC they have to BITMAIN for more space heating egg fryers  Roll Eyes

If the difficulty was to ever fall in a 14 day round, many would celebrate by adding another 10 TH/s or to their rigs, thus making sure the drop would be a one off, and most certainly continuing the rising difficulty madness Wink.
donator
Activity: 1218
Merit: 1079
Gerald Davis
May 24, 2014, 03:33:16 PM
#3
all miners will die off if fiat price does not increase to 800usd or more.

"all" miners won't die off no matter what the difficulty is.   If half the miners quit because difficulty is too high then the difficulty would fall 50%.  The marginal miner, the one with below average efficiency (J/GH) and above average power cost are probably in a world of hurt though.
sr. member
Activity: 448
Merit: 250
May 24, 2014, 11:25:43 AM
#2
It's only an increase of 18%. It will get worse over the summer. Lots of 1+ TH machines being delivered now and coming weeks and months. Small, independent miners will die off.
hero member
Activity: 920
Merit: 1014
May 24, 2014, 08:53:01 AM
#1
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