miners have mined at losses before , this is nothing new, some idiots will turn off thier d3 or sell for peanuts, smart folks will mine dash or something else dirctly and wait for price increases. plus if you have over .10 cent power your not supposed to be asic mining anyways get u a bunch of 1060 or 1070s dummies
Miners will not mine at a loss. I don't know how you can convince yourself that they would. The smart ones will stop mining at a loss and sell their equipment. You don't see many Antminer S5's running anymore do you? The name of the game in mining is profitability. Nobody is mining at a loss long term because it's fun to do.
It is still plenty profitable to mine at 10 cents/kWh in most cases. Right now not a crazy amount for Dash, but the incentives will align with the difficulty rate eventually as soon as everybody realizes that they in fact are not going to make $400 000 annually from one Dash miner and move on. Of course, you will always be more profitable at a lower cents/kWh cost but I believe most people who bough the D3 or A5 have never even considered that because they thought they would have it paid off in a month.
Mining Ethereum with a 1060 or 1070 is, on average, not any more or any less efficient than any other cryptocurrency. Why? Because of the nature of mining and its' incentive game theory. People only mine what is profitable. This is the most obvious #1 rule.
If you are mining because of the fact that you are trying to "...wait for price increases" then smart people will just buy the cryptocurrency directly and wait for the price to increase. Why waste money mining it yourself if your not making a profit and you could just buy it?
youre making zero sense, we are talking about people who
already have D3s in hand or will be getting them soon, and you yoursef just said that the d3 will be unpofitable i.e use the same amount of power as the money it makes in a few months, up until that point they will still be making money
and the units are fully paid for in any case.
even when the difuculty hits the point where they are mot making money they wont me losing much a day for a while
dash was like $500 in april it stands to reason that at some point it will go back up as news or updates get rrsleased
either way selling a unit you bought for $1500 or more for $500, is stupid , People who stopped mining in 2013 when profits were non existant and sold thier rigs for penuts still kick themselvs today, alot of them would have been millionares if they kept at it and hoarded coins .
history will most likely repeat itself here.
compariing mining with the s3 or s2 is idiotic, those machines all had thier 2 year run and were totally obsolete after the s7 came out, the A5 and D3 are new technology they will mine dash for at least a year get real bro
Anybody who plugs in an Antminer D3 today has very little chance of ever reaching ROI when accounting for electricity costs. At current network difficulty, it will take 2 years to reach an ROI with a D3 (in the US assuming 10 cents/kWh). This is also assuming that the network difficulty does not increase during those 2 years, which would mean that nobody starts to run their new A5's on the network.
Yes, of course the price of Dash can rise dramatically, but if that is the case, you would have been better off all along to just buy Dash instead of purchasing a miner. In fact, you would have made more by doing that instead of mining.
You also have to realize that the market can also go down just as fast as it goes up. If people sell Dash as soon as they mine it, then it will devalue and it will be even harder to reach ROI.
People who stopped mining in 2013 when profits were non existant and sold thier rigs for penuts still kick themselvs today, alot of them would have been millionares if they kept at it and hoarded coins .
Again, if you believe that the saving grace will be because of the increase in the price of Dash, then buying Dash directly will be far more profitable than buying a D3.
It is not a good strategy to buy a miner, knowing that it will be mining at a loss, and expect to come out on top because you believe the value of the cryptocurrency will increase. The very opposite is likely to happen.