mining can not die.
mining is regulated by the market...
as soon it is less profitable...less people will mine...
and then profit will increase...
and then more people will mine...etc...etc
Topic: Is mining dead ? - page 2. (Read 13026 times)
Mining is more alive than ever. I'm patiently waiting my S7's to come. It's so exciting for me because I haven't mined coins for a long time. I made my calculations, found cheap electricity deals, everything is ready, only miners are missing. 
I'll probably get them in Monday or Tuesday.
I'll probably get them in Monday or Tuesday.
now that the price is rising, with your cheap electricty, it's obviously profitable, but not everyone can say the same, for the majority certinly it isn't
if the price increase even more, fast enough it may be profitable for many other...
*was to long
If the BTC price would still go up, then more miners would get onlined, but profitability per miner would remain the same. More miners would mine Bitcoin until it is no longer profitable to add more at the 0.01$/kWh. Then when BTC go down, people would probably still mine at a loss and just sell when it go back up.
So difficulty would not change much or at least, not quickly.
Diff up and diff down would probably become speculative on the BTC trending price.
If the BTC price would still go up, then more miners would get onlined, but profitability per miner would remain the same. More miners would mine Bitcoin until it is no longer profitable to add more at the 0.01$/kWh. Then when BTC go down, people would probably still mine at a loss and just sell when it go back up.
So difficulty would not change much or at least, not quickly.
Diff up and diff down would probably become speculative on the BTC trending price.
But you can't say how much BTC price would go up. You are making a fictional situation that will not happen. BTC price remaining same or going up same amount, and difficulty remaing same where people don't make new gear... its far fetched.
Look at price on BTC it went up 100 dollars each on value pretty recent. You just cannot predict all factors and there will not be a normalization where all asic makers stop making gear. Your idea about what would happen if we didn't have new gear is again fictional, BTC companies are in a arms race and will continue to make more and more efficient gear.
I'm not talking about predicting or a fictional future in a impossible scenario. Its an example for what i'm saying to make more sense;
It does not matter if the price goes up or down, the rule still apply, no matter what.
All i been saying is that the only reason we need to get more efficient hardware is because others have more efficient setup. If there was no such thing, then we would not need to "arm race" in the first place.
On the bright side, at one point we'll have reached the technological edge and the "arm race" will happen at a much slower speed since productions cost will outweight the benefits.
Mining is more alive than ever. I'm patiently waiting my S7's to come. It's so exciting for me because I haven't mined coins for a long time. I made my calculations, found cheap electricity deals, everything is ready, only miners are missing.
I'll probably get them in Monday or Tuesday.
I'll probably get them in Monday or Tuesday.
*was to long
If the BTC price would still go up, then more miners would get onlined, but profitability per miner would remain the same. More miners would mine Bitcoin until it is no longer profitable to add more at the 0.01$/kWh. Then when BTC go down, people would probably still mine at a loss and just sell when it go back up.
So difficulty would not change much or at least, not quickly.
Diff up and diff down would probably become speculative on the BTC trending price.
If the BTC price would still go up, then more miners would get onlined, but profitability per miner would remain the same. More miners would mine Bitcoin until it is no longer profitable to add more at the 0.01$/kWh. Then when BTC go down, people would probably still mine at a loss and just sell when it go back up.
So difficulty would not change much or at least, not quickly.
Diff up and diff down would probably become speculative on the BTC trending price.
But you can't say how much BTC price would go up. You are making a fictional situation that will not happen. BTC price remaining same or going up same amount, and difficulty remaing same where people don't make new gear... its far fetched.
Look at price on BTC it went up 100 dollars each on value pretty recent. You just cannot predict all factors and there will not be a normalization where all asic makers stop making gear. Your idea about what would happen if we didn't have new gear is again fictional, BTC companies are in a arms race and will continue to make more and more efficient gear.
If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better.
In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity.
The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case.
Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm.
Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us.
I don't think you can say it will "normalize". With cheap electricity and if it is profitable even if they were not researching new gear, they would pump out the same gear and expand mining in many places. So difficulty keeps going up really no matter what happens.
Only thing I see that could hurt difficulty is having. If at having it makes it where a lot have to drop off... who knows what will happen. It's just not something we can predict. But it's actually looking not to bad if BTC value keeps going up.
Thats not really possible (to keep on buying), it will "normalize" to the electricity price. For instance if people keep buying and putting hardware on 0.01$/kWh, thats going to lower the profitability by raising the difficulty, eventually it will not be profitable to get more hardware run on 0.01$/kWh.
The only way to get more profit would be to run it on less than 0.01$/kWh.
For the halving... i think this one is going to be more chaotic than the first one, but we'll have to wait and see what it does to the home miners.
I guess I might not be doing a good job of explaining my thoughts. I would think coin prices would still go up. They would not find a price and stay or normalize there.
With BTC going up in price they could continue to make gear and make profit (in a lot of cases not all). To normalize as you put it to be at a point where btc price stays in same place and difficulty I just don't think this would ever happen in real life. You might be able to come up with a fictional thing were it does this. But from past we have never really ever seen this.
Even now in past weeks look at BTC price it show's it does not stay the same and can be hard predict BTC prices over time.
If the BTC price would still go up, then more miners would get onlined, but profitability per miner would remain the same. More miners would mine Bitcoin until it is no longer profitable to add more at the 0.01$/kWh. Then when BTC go down, people would probably still mine at a loss and just sell when it go back up.
So difficulty would not change much or at least, not quickly.
Diff up and diff down would probably become speculative on the BTC trending price.
Quote
Mining BTC on SHA256 asics is most profitable way to do it anymore.
Too many factors involved for that statement to be 100% accurate.
Litecoin mining for folks that already own Titans was a little MORE profitable last summer than Bitcoin mining with S5/SP20 already owned gear. Alcheminer/clone and A2 based gear could argue the point.
The current rapid rise in Bitcoin pricing is also largely being reflected in Litecoin pricing, but Litecoin difficulty hasn't (yet) been going up to match. Both have gotten a LOT more profitable in the last week, and if the current price rise holds up, it might manage to make buying S7/Avalon6/BEleven gear able to achieve RoI with non-super-cheap electric.
Then again, the price could start collapsing again tomorrow, and this prove to be just a BIG pump-and-dump.
I suspect the price will stay up and probably keep climbing for a while, though - the economic news out of China the last week has NOT been good, and the current escalating "push-back" on China's South China Sea push isn't helping the uncertainty in the region.
Part of it is litecoin has halved and it was main coin for most to mine. And some gear is getting pretty dated. BTC gear it seems a few machines a year at least. But with scrypt only new one in a long while was SFards which disappeared. So they are mining with more and more dated gear.
With the newer efficient BTC gear and recent higher value on BTC I think it is better in most cases of mining.
Quote
Mining BTC on SHA256 asics is most profitable way to do it anymore.
Too many factors involved for that statement to be 100% accurate.
Litecoin mining for folks that already own Titans was a little MORE profitable last summer than Bitcoin mining with S5/SP20 already owned gear. Alcheminer/clone and A2 based gear could argue the point.
The current rapid rise in Bitcoin pricing is also largely being reflected in Litecoin pricing, but Litecoin difficulty hasn't (yet) been going up to match. Both have gotten a LOT more profitable in the last week, and if the current price rise holds up, it might manage to make buying S7/Avalon6/BEleven gear able to achieve RoI with non-super-cheap electric.
Then again, the price could start collapsing again tomorrow, and this prove to be just a BIG pump-and-dump.
I suspect the price will stay up and probably keep climbing for a while, though - the economic news out of China the last week has NOT been good, and the current escalating "push-back" on China's South China Sea push isn't helping the uncertainty in the region.
If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better.
In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity.
The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case.
Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm.
Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us.
I don't think you can say it will "normalize". With cheap electricity and if it is profitable even if they were not researching new gear, they would pump out the same gear and expand mining in many places. So difficulty keeps going up really no matter what happens.
Only thing I see that could hurt difficulty is having. If at having it makes it where a lot have to drop off... who knows what will happen. It's just not something we can predict. But it's actually looking not to bad if BTC value keeps going up.
Thats not really possible (to keep on buying), it will "normalize" to the electricity price. For instance if people keep buying and putting hardware on 0.01$/kWh, thats going to lower the profitability by raising the difficulty, eventually it will not be profitable to get more hardware run on 0.01$/kWh.
The only way to get more profit would be to run it on less than 0.01$/kWh.
For the halving... i think this one is going to be more chaotic than the first one, but we'll have to wait and see what it does to the home miners.
I guess I might not be doing a good job of explaining my thoughts. I would think coin prices would still go up. They would not find a price and stay or normalize there.
With BTC going up in price they could continue to make gear and make profit (in a lot of cases not all). To normalize as you put it to be at a point where btc price stays in same place and difficulty I just don't think this would ever happen in real life. You might be able to come up with a fictional thing were it does this. But from past we have never really ever seen this.
Even now in past weeks look at BTC price it show's it does not stay the same and can be hard predict BTC prices over time.
If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better.
In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity.
The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case.
Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm.
Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us.
I don't think you can say it will "normalize". With cheap electricity and if it is profitable even if they were not researching new gear, they would pump out the same gear and expand mining in many places. So difficulty keeps going up really no matter what happens.
Only thing I see that could hurt difficulty is having. If at having it makes it where a lot have to drop off... who knows what will happen. It's just not something we can predict. But it's actually looking not to bad if BTC value keeps going up.
Thats not really possible (to keep on buying), it will "normalize" to the electricity price. For instance if people keep buying and putting hardware on 0.01$/kWh, thats going to lower the profitability by raising the difficulty, eventually it will not be profitable to get more hardware run on 0.01$/kWh.
The only way to get more profit would be to run it on less than 0.01$/kWh.
For the halving... i think this one is going to be more chaotic than the first one, but we'll have to wait and see what it does to the home miners.
I agree, this halving will be dramatic. Here in Reno, Nevada electricity rates recently dropped to $0.08/KWHr but that is still no where near the $0.01 or $0.001 the non-"green" countries can produce.
If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better.
In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity.
The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case.
Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm.
Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us.
I don't think you can say it will "normalize". With cheap electricity and if it is profitable even if they were not researching new gear, they would pump out the same gear and expand mining in many places. So difficulty keeps going up really no matter what happens.
Only thing I see that could hurt difficulty is having. If at having it makes it where a lot have to drop off... who knows what will happen. It's just not something we can predict. But it's actually looking not to bad if BTC value keeps going up.
Thats not really possible (to keep on buying), it will "normalize" to the electricity price. For instance if people keep buying and putting hardware on 0.01$/kWh, thats going to lower the profitability by raising the difficulty, eventually it will not be profitable to get more hardware run on 0.01$/kWh.
The only way to get more profit would be to run it on less than 0.01$/kWh.
For the halving... i think this one is going to be more chaotic than the first one, but we'll have to wait and see what it does to the home miners.
If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better.
In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity.
The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case.
Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm.
Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us.
I don't think you can say it will "normalize". With cheap electricity and if it is profitable even if they were not researching new gear, they would pump out the same gear and expand mining in many places. So difficulty keeps going up really no matter what happens.
Only thing I see that could hurt difficulty is having. If at having it makes it where a lot have to drop off... who knows what will happen. It's just not something we can predict. But it's actually looking not to bad if BTC value keeps going up.
If there is no mining then there will not exist bitcoin, right?
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
As long as BTC live, mining will never be dead "dead". When people say "damnit mining is dead" they are talking about themselves, in their conditions. Mining is not dead for people with better conditions than that person and that will remain true as long as Bitcoin lives.
Its a definite fact because if something very bad happen and BTC lose 70% of its value, mining will "die" for many, but it will normalize on 30% of its remaining value after the difficulty drop.
That's the point if there is no mining i think that bitcoin will disappear.
Mining itself will continue and i think that the new technology hardware will make it easier.
At least more profitable than the old mining rigs which for now and from July will not worth using them.
As long as there is value, people will do it.
Its just a matter of perspective. For instance last months before the BTC raise, people were complaining/sadly saying they already were nearly breaking even by mining with a S5.
Meanwhile for many, it is still profitable to mine with S3 or even S1 or perhaps even worse ASICs.
For those who pay electricity it does help on new miners as they normally have better efficiency. And there becomes a time a miner when paying electricity is not bringing in enough, or some not at all. This is when you sell and upgrade generations.
Without new efficiency and difficulty going up eventually no one but cheap or free could mine. So there is a purpose new gear serves for most miners as electricity costs money.
There is, but the reason difficulty go up in the first place, is because more hardware is being produced in the first place.
If no hardware was ever more efficient than 0.5J/GH, then we would eventually hit a cap, where it would only be more profitable to invest in even more of these miners if the price of BTC raise.
Basically, now we're also fighting over who gets the most efficient hardware, if that was removed from the equation, it would probably be better off for miners.
If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better.
In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity.
The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case.
Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm.
Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us.
If there is no mining then there will not exist bitcoin, right?
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
As long as BTC live, mining will never be dead "dead". When people say "damnit mining is dead" they are talking about themselves, in their conditions. Mining is not dead for people with better conditions than that person and that will remain true as long as Bitcoin lives.
Its a definite fact because if something very bad happen and BTC lose 70% of its value, mining will "die" for many, but it will normalize on 30% of its remaining value after the difficulty drop.
That's the point if there is no mining i think that bitcoin will disappear.
Mining itself will continue and i think that the new technology hardware will make it easier.
At least more profitable than the old mining rigs which for now and from July will not worth using them.
As long as there is value, people will do it.
Its just a matter of perspective. For instance last months before the BTC raise, people were complaining/sadly saying they already were nearly breaking even by mining with a S5.
Meanwhile for many, it is still profitable to mine with S3 or even S1 or perhaps even worse ASICs.
For those who pay electricity it does help on new miners as they normally have better efficiency. And there becomes a time a miner when paying electricity is not bringing in enough, or some not at all. This is when you sell and upgrade generations.
Without new efficiency and difficulty going up eventually no one but cheap or free could mine. So there is a purpose new gear serves for most miners as electricity costs money.
There is, but the reason difficulty go up in the first place, is because more hardware is being produced in the first place.
If no hardware was ever more efficient than 0.5J/GH, then we would eventually hit a cap, where it would only be more profitable to invest in even more of these miners if the price of BTC raise.
Basically, now we're also fighting over who gets the most efficient hardware, if that was removed from the equation, it would probably be better off for miners.
If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
If there is no mining then there will not exist bitcoin, right?
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
As long as BTC live, mining will never be dead "dead". When people say "damnit mining is dead" they are talking about themselves, in their conditions. Mining is not dead for people with better conditions than that person and that will remain true as long as Bitcoin lives.
Its a definite fact because if something very bad happen and BTC lose 70% of its value, mining will "die" for many, but it will normalize on 30% of its remaining value after the difficulty drop.
That's the point if there is no mining i think that bitcoin will disappear.
Mining itself will continue and i think that the new technology hardware will make it easier.
At least more profitable than the old mining rigs which for now and from July will not worth using them.
As long as there is value, people will do it.
Its just a matter of perspective. For instance last months before the BTC raise, people were complaining/sadly saying they already were nearly breaking even by mining with a S5.
Meanwhile for many, it is still profitable to mine with S3 or even S1 or perhaps even worse ASICs.
For those who pay electricity it does help on new miners as they normally have better efficiency. And there becomes a time a miner when paying electricity is not bringing in enough, or some not at all. This is when you sell and upgrade generations.
Without new efficiency and difficulty going up eventually no one but cheap or free could mine. So there is a purpose new gear serves for most miners as electricity costs money.
There is, but the reason difficulty go up in the first place, is because more hardware is being produced in the first place.
If no hardware was ever more efficient than 0.5J/GH, then we would eventually hit a cap, where it would only be more profitable to invest in even more of these miners if the price of BTC raise.
Basically, now we're also fighting over who gets the most efficient hardware, if that was removed from the equation, it would probably be better off for miners.
If there is no mining then there will not exist bitcoin, right?
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
As long as BTC live, mining will never be dead "dead". When people say "damnit mining is dead" they are talking about themselves, in their conditions. Mining is not dead for people with better conditions than that person and that will remain true as long as Bitcoin lives.
Its a definite fact because if something very bad happen and BTC lose 70% of its value, mining will "die" for many, but it will normalize on 30% of its remaining value after the difficulty drop.
That's the point if there is no mining i think that bitcoin will disappear.
Mining itself will continue and i think that the new technology hardware will make it easier.
At least more profitable than the old mining rigs which for now and from July will not worth using them.
As long as there is value, people will do it.
Its just a matter of perspective. For instance last months before the BTC raise, people were complaining/sadly saying they already were nearly breaking even by mining with a S5.
Meanwhile for many, it is still profitable to mine with S3 or even S1 or perhaps even worse ASICs.
For those who pay electricity it does help on new miners as they normally have better efficiency. And there becomes a time a miner when paying electricity is not bringing in enough, or some not at all. This is when you sell and upgrade generations.
Without new efficiency and difficulty going up eventually no one but cheap or free could mine. So there is a purpose new gear serves for most miners as electricity costs money.
If there is no mining then there will not exist bitcoin, right?
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
As long as BTC live, mining will never be dead "dead". When people say "damnit mining is dead" they are talking about themselves, in their conditions. Mining is not dead for people with better conditions than that person and that will remain true as long as Bitcoin lives.
Its a definite fact because if something very bad happen and BTC lose 70% of its value, mining will "die" for many, but it will normalize on 30% of its remaining value after the difficulty drop.
That's the point if there is no mining i think that bitcoin will disappear.
Mining itself will continue and i think that the new technology hardware will make it easier.
At least more profitable than the old mining rigs which for now and from July will not worth using them.
New technology doesn't help mining, it just make previous generations obsolete. Mining will ever end, and can never kill Bitcoin, it is the other way around. As long as BTC hold value, there will be mining. Because as long as BTC has value, mining has value.
As long as there is value, people will do it.
Its just a matter of perspective. For instance last months before the BTC raise, people were complaining/sadly saying they already were nearly breaking even by mining with a S5.
Meanwhile for many, it is still profitable to mine with S3 or even S1 or perhaps even worse ASICs.
If there is no mining then there will not exist bitcoin, right?
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
As long as BTC live, mining will never be dead "dead". When people say "damnit mining is dead" they are talking about themselves, in their conditions. Mining is not dead for people with better conditions than that person and that will remain true as long as Bitcoin lives.
Its a definite fact because if something very bad happen and BTC lose 70% of its value, mining will "die" for many, but it will normalize on 30% of its remaining value after the difficulty drop.
That's the point if there is no mining i think that bitcoin will disappear.
Mining itself will continue and i think that the new technology hardware will make it easier.
At least more profitable than the old mining rigs which for now and from July will not worth using them.
If there is no mining then there will not exist bitcoin, right?
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
As long as BTC live, mining will never be dead "dead". When people say "damnit mining is dead" they are talking about themselves, in their conditions. Mining is not dead for people with better conditions than that person and that will remain true as long as Bitcoin lives.
Its a definite fact because if something very bad happen and BTC lose 70% of its value, mining will "die" for many, but it will normalize on 30% of its remaining value after the difficulty drop.
If there is no mining then there will not exist bitcoin, right?
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
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