Miners hashing belows 200G are dying?Miner's life time is 6 month?

Harley997

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Quote from: zyhsu815 on June 05, 2014, 12:00:42 PM

Miners hashing belows 200G are dying?Miner's life time is 6 month?

What do you think?

For Bitcoin miner,I believe 1T is mining ABC,so looking forward to 5T or more powerful miners outcome.

The hashrate as a standalone number is generally irrelevant when determining the "value" of a miner.

The primary variable to take into consideration is how efficient a machine is in terms of electric consumption. As since the difficulty generally increases at an exponential rate the longer a miner is in use, the less bitcoin it will produce and you will want it to produce more bitcoin then it consumes in electricity (in terms of fiat).

The next variable is it's hashrate verses the hashrate of the total network. A year ago a 333 MH/s USB miner would be considered extremely fast and was well sought after, today any miner under 200 GH/s (~600x as fast as the 333 MH/s) is generally considered obsolete.

blumangroup

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'Slow and steady wins the race'

Quote from: Tron on June 05, 2014, 12:13:38 PM

Respectfully, the slower speed of a miner does not matter. A 200GH is exactly one fifth of a 1TH miner. If it uses 1/5 the power, it is just as good. If it uses less than 1/5 the power, it is even better -- certainly not 'dying'.

The only variable that matters in this case is the efficiency of the miner. How many watts per GH does it use?

5 200GH miners would be just as good as a 1TH miner. Obviously this breaks down at some point. I wouldn't want to manage 1,000 1GH miners even if it equates to the same 1TH in mining capability.

You are correct, however generally speaking the higher the hashrate a miner has the more efficient it is in terms of electric usage.

The OP's post might be more accurate if it said that most BTC miners will be taken offline if they have a hashrate of under 200 GHs based on their average electric consumption per GHs

zyhsu815

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Quote from: Salmon1989 on June 06, 2014, 02:27:39 AM

Quote from: zyhsu815 on June 06, 2014, 01:30:48 AM

Quote from: DolanDuck on June 06, 2014, 01:21:40 AM

Home mining will be more and more difficult in the future, the hardware become soon obsolete and the main goal of little miners is to breakeven the costs.
Just buy btc directly, expecially now that the uptrend is just started.

As a miner supplier,i don't think so,miners keep mining BTC,and now the difficulty won't rise too fast,but BTC price may rocketly rise,so buying miner may be a better choice.

What do mean by "too fast" in the highlighted part? 15% every time? 10% every time?

i am talking about relativity and absolute;for example,now there are 86179.32 TH/s totally,10% increase means 8600pcs of 1T miner join in,the OEM factory has no such production capacity ,so i believe difficulty increasing rate get less.

And daily gain will be stable relatively.

What do you think?

zyhsu815

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Quote from: Cancan on June 06, 2014, 02:52:39 AM

1Th/s is the new 1Gb/s and 200Gh/s is the new 200Mh/s.

Cancan

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1Th/s is the new 1Gb/s and 200Gh/s is the new 200Mh/s.

Salmon1989

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Quote from: zyhsu815 on June 06, 2014, 01:30:48 AM

Quote from: DolanDuck on June 06, 2014, 01:21:40 AM

Home mining will be more and more difficult in the future, the hardware become soon obsolete and the main goal of little miners is to breakeven the costs.
Just buy btc directly, expecially now that the uptrend is just started.

As a miner supplier,i don't think so,miners keep mining BTC,and now the difficulty won't rise too fast,but BTC price may rocketly rise,so buying miner may be a better choice.

What do mean by "too fast" in the highlighted part? 15% every time? 10% every time?

Ron~Popeil

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There are less expensive ways to get into bit coin. I mine as a hobby and manage to make a small profit but I have cheap energy costs.

zyhsu815

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Being trusted is the most precious wealth.

Quote from: DolanDuck on June 06, 2014, 01:21:40 AM

Home mining will be more and more difficult in the future, the hardware become soon obsolete and the main goal of little miners is to breakeven the costs.
Just buy btc directly, expecially now that the uptrend is just started.

As a miner supplier,i don't think so,miners keep mining BTC,and now the difficulty won't rise too fast,but BTC price may rocketly rise,so buying miner may be a better choice.

DolanDuck

full member

Activity: 196

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Home mining will be more and more difficult in the future, the hardware become soon obsolete and the main goal of little miners is to breakeven the costs.
Just buy btc directly, expecially now that the uptrend is just started.

zyhsu815

full member

Activity: 126

Merit: 100

Being trusted is the most precious wealth.

Quote from: Tron on June 05, 2014, 12:13:38 PM

Respectfully, the slower speed of a miner does not matter. A 200GH is exactly one fifth of a 1TH miner. If it uses 1/5 the power, it is just as good. If it uses less than 1/5 the power, it is even better -- certainly not 'dying'.

The only variable that matters in this case is the efficiency of the miner. How many watts per GH does it use?

5 200GH miners would be just as good as a 1TH miner. Obviously this breaks down at some point. I wouldn't want to manage 1,000 1GH miners even if it equates to the same 1TH in mining capability.

excellent analysis!

Tron

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Respectfully, the slower speed of a miner does not matter. A 200GH is exactly one fifth of a 1TH miner. If it uses 1/5 the power, it is just as good. If it uses less than 1/5 the power, it is even better -- certainly not 'dying'.

The only variable that matters in this case is the efficiency of the miner. How many watts per GH does it use?

5 200GH miners would be just as good as a 1TH miner. Obviously this breaks down at some point. I wouldn't want to manage 1,000 1GH miners even if it equates to the same 1TH in mining capability.

zyhsu815

full member

Activity: 126

Merit: 100

Being trusted is the most precious wealth.

Miners hashing belows 200G are dying?Miner's life time is 6 month?

What do you think?

For Bitcoin miner,I believe 1T is mining ABC,so looking forward to 5T or more powerful miners outcome.

Topic: Miners hashing belows 200G are dying?Miner's life time is 6 month? (Read 803 times)