Projection this autumn | Bitcointalksearch.org

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Quote from: lazydna on June 22, 2013, 01:31:15 PM

asics will mine no matter what as that is the only thing they can do with their high investment cost and lack of utility.

GPUs are much more environment friendly, you can at least resell to gamers or mine LTC

Very high difficulty and low bitcoin price will totally prevent people from invest more in mining rigs and focus on just buy coin, we need more strong exchanges, more functions at localbitcoins.com

Saint!

newbie

Activity: 46

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Hash rate does not affect price.

Price can occasionally affect hash rate.

That's all

lazydna

full member

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hash rate continues to increase due to it's high efficiency over old GPU's. price of bitcoins will drop as hash rates reach astronomical heights with chips and new units being shipped.
eventually, the hash rates will settle when price has fallen enough to scare off new investors of asics and asic technology begins to plateau.

once a balance between hash rates/price is reached things will settle down.

I believe we're experiencing a 2011 bubble and are still on the way down.

my prediction is BTC drops down to 60-70USD while hash rates continue to climb to about 70-100million difficulty.

old gpu miners will have to buy and hold BTC as they cannot compete with asics.

asics will mine no matter what as that is the only thing they can do with their high investment cost and lack of utility.

derpinheimer

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Supply is unchanged, just more distributed. From an outsiders perspective, nothing really happened.

For those with ASICs, I think the response is going to be pretty random depending on the person. Some keep all they can get and others try to sell the little they have..

But what I wonder is.. what will the ASIC companies do with their coins? Theyve made bank at that point.

ElectricMucus

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Marketing manager - GO MP

That is just plain wrong, the best choice is mostly to mine, only during rare events with negative mining profitability it is better to buy than mine.

Mining profitability became negative only when the market bottoms out, and I can't see that changing just because ASICs vs GPUs are used now.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

After BFL mass shipped and other ASIC devices hit the market, the amount of ASIC devices will easily bypass 36000 and averagely each device could only make less than 0.1 bitcoin per day. We are going to see some crazy weeks of difficulty skyrocketing, while at the same time the bitcoin price stay little changed

That kind of fast rising difficulty will change the projection for ASIC device investors. Although 0.1 bitcoin are still more than enough to pay the electricity, the initial invesment of ASICs are huge, it might take forever to ROI if difficulty rise continuously, so at certain point, there will be a huge wave of ASIC devices sell off (in exchange for bitcoin) and less new ASIC devices can be sold

Then some people will realize that long term wise the best choice is always buy bitcoin directly, that will give bitcoin some further buying support and even improve the outlook for ASIC miners

Topic: Projection this autumn (Read 1035 times)