This also pushes ASIC manufacturers to improve the efficiency of their miners.
We've come a long way since the first ASICs in term of efficiency, just try mining with one from 5 years ago.
Furthermore, if people stop mining because it's not profitable, the difficulty wouldn't be increasing as much. The balance is working out really well.
Topic: Mining benefit is going done! (Read 1037 times)
You need to have nerves of steel and quite large money reserves to cover unprofitable periods of mining. Even if you turn off your gear when BTC price goes down, it will loose value day by day.
The price of btc will eventually increase to compensate, that's the beauty of Satoshi's vision.
it always had (so far).
that said, network only cares about price/expense as a whole, not in any individual case.
Obviously, for POW, those with lower electricity cost will be more profitable.
Hello, everyone!
The difficulty of BTC is increasing aggressively. The mining profit is getting less and less. I believe it's far from logic that miners are going to pay more electricity than what they earn! I wonder how long SHA256 could be profitable? What do you think about the future of SHA256?
The difficulty of BTC is increasing aggressively. The mining profit is getting less and less. I believe it's far from logic that miners are going to pay more electricity than what they earn! I wonder how long SHA256 could be profitable? What do you think about the future of SHA256?
The price of btc will eventually increase to compensate, that's the beauty of Satoshi's vision.
it always had (so far).
that said, network only cares about price/expense as a whole, not in any individual case.
Obviously, for POW, those with lower electricity cost will be more profitable.
BTC price is at the same level as ~3years ago, but diff has rocketed while reward is decreased. The rule you've mentioned still does not apply to mining yet. Mining is not over, but it will become more and more large-scale business. One day home-based mining wouldn't be profitable anymore I think.
go back to Dec 3 2013 and see what the story was:
diff was 707,408,283
price was 1161
Feb 9 2017
diff is 422,170,566,883
so it looks bad
plus block reward was 25 coins
that looks worse
But the best miner was the knc Jupiter it was well over 5000 usd it did 550 gh and spent 1200 watts
compare it to the avalon 721 680 usd 6300gh and 980 watts
that is 7.35 x cheaper 11.45 x more hash 1.22 x less power that is a about 102 times better then the Jupiter
Hello, everyone!
The difficulty of BTC is increasing aggressively. The mining profit is getting less and less. I believe it's far from logic that miners are going to pay more electricity than what they earn! I wonder how long SHA256 could be profitable? What do you think about the future of SHA256?
The difficulty of BTC is increasing aggressively. The mining profit is getting less and less. I believe it's far from logic that miners are going to pay more electricity than what they earn! I wonder how long SHA256 could be profitable? What do you think about the future of SHA256?
The price of btc will eventually increase to compensate, that's the beauty of Satoshi's vision.
it always had (so far).
that said, network only cares about price/expense as a whole, not in any individual case.
Obviously, for POW, those with lower electricity cost will be more profitable.
actually it's the diff that compensate with the price increase, in fact with the recent increase the diff is catching up quickly, but still i see plenty of margin for profit
there are time where the diff increase regardless of the price, i guess it's because of competition, mienrs still coins between themselves
You need to have nerves of steel and quite large money reserves to cover unprofitable periods of mining. Even if you turn off your gear when BTC price goes down, it will loose value day by day.
The price of btc will eventually increase to compensate, that's the beauty of Satoshi's vision.
it always had (so far).
that said, network only cares about price/expense as a whole, not in any individual case.
Obviously, for POW, those with lower electricity cost will be more profitable.
Hello, everyone!
The difficulty of BTC is increasing aggressively. The mining profit is getting less and less. I believe it's far from logic that miners are going to pay more electricity than what they earn! I wonder how long SHA256 could be profitable? What do you think about the future of SHA256?
The difficulty of BTC is increasing aggressively. The mining profit is getting less and less. I believe it's far from logic that miners are going to pay more electricity than what they earn! I wonder how long SHA256 could be profitable? What do you think about the future of SHA256?
The price of btc will eventually increase to compensate, that's the beauty of Satoshi's vision.
it always had (so far).
that said, network only cares about price/expense as a whole, not in any individual case.
Obviously, for POW, those with lower electricity cost will be more profitable.
BTC price is at the same level as ~3years ago, but diff has rocketed while reward is decreased. The rule you've mentioned still does not apply to mining yet. Mining is not over, but it will become more and more large-scale business. One day home-based mining wouldn't be profitable anymore I think.
Hello, everyone!
The difficulty of BTC is increasing aggressively. The mining profit is getting less and less. I believe it's far from logic that miners are going to pay more electricity than what they earn! I wonder how long SHA256 could be profitable? What do you think about the future of SHA256?
The difficulty of BTC is increasing aggressively. The mining profit is getting less and less. I believe it's far from logic that miners are going to pay more electricity than what they earn! I wonder how long SHA256 could be profitable? What do you think about the future of SHA256?
The price of btc will eventually increase to compensate, that's the beauty of Satoshi's vision.
it always had (so far).
that said, network only cares about price/expense as a whole, not in any individual case.
Obviously, for POW, those with lower electricity cost will be more profitable.
Hello, everyone!
The difficulty of BTC is increasing aggressively. The mining profit is getting less and less. I believe it's far from logic that miners are going to pay more electricity than what they earn! I wonder how long SHA256 could be profitable? What do you think about the future of SHA256?
The difficulty of BTC is increasing aggressively. The mining profit is getting less and less. I believe it's far from logic that miners are going to pay more electricity than what they earn! I wonder how long SHA256 could be profitable? What do you think about the future of SHA256?
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