Topic: Intel ASIC / Bitmain 19s Pro (Read 235 times)
Miner prices were always crazy to me since there is just a tiny possibility of a profit if you have nearly no power cost. With rising electricity prices and also declining prices for bitcoin it is pretty obvious why prices are also going down for miners. If you don't have fun to set up mining I think there are a lot better business opportunities including just to buy and hold bitcoin.
I am of the opinion ( and dreams ) that Bitcoin will eventually rebound when the recession is over ( Couple of years ). I have lost all faith in our fiat system. Left unmolested by the central bankers and decrepit governments, Bitcoin makes sense with the limited supply and decentralization.
The general consensus here seems to be that Bitcoin will drop to next to nothing.
The general consensus here seems to be that Bitcoin will drop to next to nothing.
The general consensus where? in this form and almost all other bitcoin-related places, the consensus is the exact opposite, the general narrative, however, has always suggested that BTC was going to zero, at least for the past decade, if you count how many times each group was right vs the other, the answer is rather simple.
Now if you really believe BTC will increase in value, buying BTC directly beats mining (more often than not), but there are many factors involved, I'd just start and finish by saying if your power rate is anywhere above 6 cents -- mining is probably not for you.
I'm transitioning from GPU/CPU mining and new to ASIC Mining. Prices on the Bitmain S19s have dropped significantly ( From 10K to 3K ).
If you're looking at that S19 at $3200, don't do it!
If you have 5c/kwh you're going to ROI in about 3 years while the S19 H next to it has 600days at the same electricity rates and even that it's not the best deal on the market.
I am looking at the Bitmain S19 Pro (110). Seen some new ones for around $3500.
Is the S19 H the Hydro 198TH for around $11K ?
I'm transitioning from GPU/CPU mining and new to ASIC Mining. Prices on the Bitmain S19s have dropped significantly ( From 10K to 3K ).
If you're looking at that S19 at $3200, don't do it!
If you have 5c/kwh you're going to ROI in about 3 years while the S19 H next to it has 600days at the same electricity rates and even that it's not the best deal on the market.
I am looking at the Bitmain S19 Pro (110). Seen some new ones for around $3500.
Is the S19 H the Hydro 198TH for around $11K ?
Is price drop based soley on the bear market or is it something more concerning like perhaps banning mining ( USA ) or a new technology on the horizon ?
The price goes up when the revenue per THs goes up and they come crashing down to somewhat real manufacturing costs when the gold rush is over and ROI numbers are counted as above in years. For example from July to December last year the revenue per TH/s stayed mostly above 30 cents, peaking at 40, that's 40$ a day for an S19, now its 7cents per TH/s, 7$ a day, a difference of 30$ a day or 10k a year, so the price of the gear was matching the demand of people rushing in dreaming of those profits lasting forever.
Bitcoin will drop to $5000, then, $2000 or $1000 in next year.
Then $500, then $200 or $100, because...reasons!
I am of the opinion ( and dreams ) that Bitcoin will eventually rebound when the recession is over ( Couple of years ). I have lost all faith in our fiat system. Left unmolested by the central bankers and decrepit governments, Bitcoin makes sense with the limited supply and decentralization. ( They can't persude a "Vitalik Buterin" to bastardize the blochkchain and centralize Bitcoin )
The general consensus here seems to be that Bitcoin will drop to next to nothing.
Do you believe Bitcoin is worthless or will the Central Bankers and governments outlaw Bitcoin ?
Thanks,
Ronald
Quote
Hell your TV at home has ASICs in it…
Even that is still a higher-end and complex product using them. You want real mass-market dedicated uses, think even the simplest 1 button remote controls, interactive toys, ear buds, etc. As bitcoin price crashed down, this crypto bubble burst in the end, which like tech bubble stocks, or like Dot-com bubble.
Mega farm, mega pools will face bankrupt. So, equipment suppliers got no business in future. This market is quite small for
Intel, I believe, Intel won't do any significant development on mining chip.
But, ASIC chip for general sha256 algorithm which can output whole hash value (256 bits), may be needed for network security products
which is a mega market needs.
Mining btc is similar to lottery game. No need to speed big money which is gambling. Bitcoin will drop to $5000, then, $2000 or $1000 in next year.
Mega farm, mega pools will face bankrupt. So, equipment suppliers got no business in future. This market is quite small for
Intel, I believe, Intel won't do any significant development on mining chip.
But, ASIC chip for general sha256 algorithm which can output whole hash value (256 bits), may be needed for network security products
which is a mega market needs.
Mining btc is similar to lottery game. No need to speed big money which is gambling. Bitcoin will drop to $5000, then, $2000 or $1000 in next year.
Intel has developed a btc specific ASIC but has not released it to the public. It is even in articles on their website…
Do you know what an ASIC actually is? ASIC = Application Specific Integrated Circuit… Most companies use them for all different things…. It is a chip developed to do one thing and one thing only. The ones developed for BTC mining cannot be used by network security companies, but ones that use ASIC’s for things like encryption standards, etc are a completely different in the sense of what they are “programmed” to do. Hell your TV at home has ASICs in it…
I'm transitioning from GPU/CPU mining and new to ASIC Mining. Prices on the Bitmain S19s have dropped significantly ( From 10K to 3K ).
If you're looking at that S19 at $3200, don't do it!
If you have 5c/kwh you're going to ROI in about 3 years while the S19 H next to it has 600days at the same electricity rates and even that it's not the best deal on the market.
Is price drop based soley on the bear market or is it something more concerning like perhaps banning mining ( USA ) or a new technology on the horizon ?
The price goes up when the revenue per THs goes up and they come crashing down to somewhat real manufacturing costs when the gold rush is over and ROI numbers are counted as above in years. For example from July to December last year the revenue per TH/s stayed mostly above 30 cents, peaking at 40, that's 40$ a day for an S19, now its 7cents per TH/s, 7$ a day, a difference of 30$ a day or 10k a year, so the price of the gear was matching the demand of people rushing in dreaming of those profits lasting forever.
Bitcoin will drop to $5000, then, $2000 or $1000 in next year.
Then $500, then $200 or $100, because...reasons!
As bitcoin price crashed down, this crypto bubble burst in the end, which like tech bubble stocks, or like Dot-com bubble.
Mega farm, mega pools will face bankrupt. So, equipment suppliers got no business in future. This market is quite small for
Intel, I believe, Intel won't do any significant development on mining chip.
But, ASIC chip for general sha256 algorithm which can output whole hash value (256 bits), may be needed for network security products
which is a mega market needs.
Mining btc is similar to lottery game. No need to speed big money which is gambling. Bitcoin will drop to $5000, then, $2000 or $1000 in next year.
Mega farm, mega pools will face bankrupt. So, equipment suppliers got no business in future. This market is quite small for
Intel, I believe, Intel won't do any significant development on mining chip.
But, ASIC chip for general sha256 algorithm which can output whole hash value (256 bits), may be needed for network security products
which is a mega market needs.
Mining btc is similar to lottery game. No need to speed big money which is gambling. Bitcoin will drop to $5000, then, $2000 or $1000 in next year.
Miner prices have always followed what the majority of the Market is able/willing to pay. In this market (partly thanks to the massive sales of gear to mega-farms) that means Bitmain et al have once again been forced to cut into their previously huge markup to far lower prices. At current pricing they are no doubt still pulling in at least 30 or more % over all in manufacturing & marketing costs but before it was more like well over 100%
I'm transitioning from GPU/CPU mining and new to ASIC Mining. Prices on the Bitmain S19s have dropped significantly ( From 10K to 3K ).
Is price drop based soley on the bear market or is it something more concerning like perhaps banning mining ( USA ) or a new technology on the horizon ?
Is Intel's new ASIC chipset going to be more efficient than the Bitmain S19s and if so WHEN/WHERE will retail miners be able to buy them ?
Thanks,
Ronald
Is price drop based soley on the bear market or is it something more concerning like perhaps banning mining ( USA ) or a new technology on the horizon ?
Is Intel's new ASIC chipset going to be more efficient than the Bitmain S19s and if so WHEN/WHERE will retail miners be able to buy them ?
Thanks,
Ronald
Jump to: