Topic: Halving is coming next year, is it time to invest in more miners? (Read 1633 times)
November 19, 2015, 02:59:58 AM
Personally I think mining could be profitable if you invested 5-10k into equipment, till halving.
November 19, 2015, 02:52:00 AM
Even if S7 holds half the price then that is still quit a bit. Only thing is S7 with all the changes is going to be a kinda horrible mess of machines on buying used.
that just an estimated it will be lower for sure, the price is there stuck at the same value, so only new s7 device can increase the diff due to efficiency, byt this time big farm should be partially filled already with s7, so it won't increase forever
I don't see the difficulty decreasing right now it's sky rocketiiiiing
not too much apparently, it was 62B now is 65B, so a 3B increase, 5%
5.77%
https://bitcoinwisdom.com/bitcoin/difficulty
i just rounded it, 0.77% more isn't much of a difference
November 18, 2015, 11:50:57 AM
I don't see the difficulty decreasing right now it's sky rocketiiiiing
not too much apparently, it was 62B now is 65B, so a 3B increase, 5%
5.77%
https://bitcoinwisdom.com/bitcoin/difficulty
The next one is looking nasty though:
Bitcoin Difficulty: 65,848,255,180
Estimated Next Difficulty: 71,273,951,493 (+8.24%)
Adjust time: After 877 Blocks, About 5.6 days
Hashrate(?): 522,989,854 GH/s
Still have 5 day's so could go up or down. But I think its going to hurt. I still say though it's hard to speculate to having. And it is very possible or people to mine and sell and ROI on some equipment.
Even if S7 holds half the price then that is still quit a bit. Only thing is S7 with all the changes is going to be a kinda horrible mess of machines on buying used.
November 18, 2015, 09:41:32 AM
I don't see the difficulty decreasing right now it's sky rocketiiiiing
not too much apparently, it was 62B now is 65B, so a 3B increase, 5%
5.77%
https://bitcoinwisdom.com/bitcoin/difficulty
November 18, 2015, 03:23:45 AM
It is time to invest in more efficient and faster miners.
November 18, 2015, 02:49:38 AM
I don't see the difficulty decreasing right now it's sky rocketiiiiing
not too much apparently, it was 62B now is 65B, so a 3B increase, 5%
November 17, 2015, 03:46:21 AM
Quote from: vortexz link=topic=misconfiguratio#msg12994144 date=1447746900
I don't see the difficulty decreasing right now it's sky rocketiiiiing
Folk seem to be coming out of wood work to 'buy' one or both of my KNC Titan 350mh Scrypt Miners (now doing LTC) to convert to BTC. Just turned down 8 BTC for one.
So maybe from that sense of converting LTC to BTC mined you are correct on your 'halving' premise.
Then again only thing that I know of coming out to compete with the Titans on such a way to get BTC is the 'Alcheminer II" and at 512 mh for $4950 usd and 1150 watts...IN SIX MONTHS!
they seem to think they can ROI and sell them then at that price/speed
Damn! I hope they are correct my 2 KNC 350mh Titans at 1250w each will play nice just FINE in such a senario ..if SIX MONTHS FROM NOw this 'utopia' were to occur....
me I don't see it
On the other hand I'm pretty sure ..with BTC halving coming up I could get maybe 8 btc or more out of one of my Titan units yet next year after electric...and the halving..and
my 'unicorn view' of btc (and connected ltc) price increase
but again..most folk are shooting for used scrypt miners and then converting LTC to BTC as more eff then just a used home btc miner
only angle I see ...btc miners just don't seem that attractive to folks at the diff and price points they are trying to sell with now
anyway my 2 satoshi's (not like i know wtf is going on with crypto either)
November 17, 2015, 02:55:00 AM
I don't see the difficulty decreasing right now it's sky rocketiiiiing
November 16, 2015, 04:32:55 PM
If you think to invest then i think that the best time is now, get a little profit and watch what will happen at the halving period, many miners will quit so the difficulty will be decreased too.
November 16, 2015, 04:31:21 PM
If the LTC block halving was any indication of what is to come, it doesn't look like BTC mining will be very profitable. For those who don't recall, the Litecoin price stayed pretty much steady the difficulty went down like 5% and then jumped back up to prehalving difficulty like the next week.
LTC has by far not as much interests Bitcoin. It is a cheap rip off in my perception. Currently a near 5 billion market vs a 137 million market cap.
So yes to be real, there is no comparison here. WIthout a price raise dozen of big provides will be bankrupt in no time; bitmain,spondoolies etc.
November 15, 2015, 12:06:27 AM
If the LTC block halving was any indication of what is to come, it doesn't look like BTC mining will be very profitable. For those who don't recall, the Litecoin price stayed pretty much steady the difficulty went down like 5% and then jumped back up to prehalving difficulty like the next week.
LTC is a bad example. The miners are much more efficient on electricity then BTC miners.
But the price did double compared to what it was prior to the halving.
BTC Difficulty will NEVER come down but the price might double.
November 14, 2015, 10:03:19 PM
If the LTC block halving was any indication of what is to come, it doesn't look like BTC mining will be very profitable. For those who don't recall, the Litecoin price stayed pretty much steady the difficulty went down like 5% and then jumped back up to prehalving difficulty like the next week.
November 14, 2015, 05:36:39 PM
I will buy some more miners come january. With the halving i can't see bitcoin price go back to 250 again so with a s7 miner it is profitable for sure.
November 12, 2015, 03:10:36 AM
Irrespective of what happens to the price, the amount of bitcoin earned per block will be cut almost exactly in half (since fees are variable). The value of the coin may change compared to fiat but unless your operating costs get cut many will have to bow out.
Come on bitcoin. You've got about 8.75 months to double or triple your value or the proverbial !@#$ is going to hit the mining fan and splatter a whole crap-ton of fecal matter on miners walls the world-over.I myself wouldn't invest in any miners until after the halving honestly. Far better to see what your prospective ROI will be once the halving has already occurred, and who knows, bitcoin has just as much chance of being worth far less than it is today as it does rocketing to the moon at this point imho.
November 11, 2015, 04:32:55 PM
I think it is a very good time yes. BTC has grown enormously so either the supporters or the whales will keep the mining profitable and sustain the network.
Meaning if current price don't change by then.. BTC will be changed forever..
Meaning if current price don't change by then.. BTC will be changed forever..
November 11, 2015, 04:29:05 PM
Irrespective of what happens to the price, the amount of bitcoin earned per block will be cut almost exactly in half (since fees are variable). The value of the coin may change compared to fiat but unless your operating costs get cut many will have to bow out.
November 11, 2015, 06:04:12 AM
There will probably be a jump in Bitcoin pricing a month or so before the halfing, but it will then recede some (likely retaining SOME of the bump) a month or two afterwards.
I don't anticipate it doubling (though it wouldn't shock me), more like a 60-70% peak jump I'm guessing, then back down to 30-50% higher than pre-bump as a "stable" price over time.
ALL predictions are speculation though, and many things can happen to make even GOOD speculation look bad in 20/20 hindsight.
I don't anticipate it doubling (though it wouldn't shock me), more like a 60-70% peak jump I'm guessing, then back down to 30-50% higher than pre-bump as a "stable" price over time.
ALL predictions are speculation though, and many things can happen to make even GOOD speculation look bad in 20/20 hindsight.
November 09, 2015, 08:11:21 AM
It ain't easy to just decide what you should do today when you know that the values you are going to get for that thing is uncertain...
Just wait and watch, don't go ahead blindly...
Just wait and watch, don't go ahead blindly...
November 09, 2015, 06:39:30 AM
We don't know yet. Probably the bitcoin price will skyrocket again and you will get break even or even can be able to get extra profits with your current miners. If mining business is still profitable, more resources will be put into this industry.
Exactly, I would also wait and see. Mining is full of uncertainties and it will be even more uncertain with the halving that approaches. Mining market dynamics are changing very fast and you can easily lose a lot of money if you make a bad decision.
November 09, 2015, 02:45:27 AM
I do have free power but it's limited so I cannot abuse it. I'd like to stay at my current limits.. Best case I would sell my s3s and get s7
You're pretty lucky. I'm mostly mining on Hashnest, electricity here is so damn expensive plus it's really hot especially in summer. Figured I'd just invest all the btc I have and will have in Hashnest up until next year, like 1 month or so before the expected having.
It's all in, if the price doesn't rise up and goes the other way around I'd be dead.
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