I can't wait to see the reaction of new Neptune owner's (and SP30) on how big these rigs are physically and how much heat really pours out of them.
Too true, the future of mining is DC hosting or similar ... 12 months from now the landscape will be very different.
It is, but jimmothy still thinks that the home mining is the future It's not "the future"
but it is part of it.There will be huge mining operations and small home operations.
The people who are forced to pay a datacenter for hosting will simply be squeezed out of the game due to the unnecessary additional costs.
You don't honestly think that ALL home miners are just going to stop their operations right?
The present, past, and immediate future, but I believe "Home Mining" is just about done. Maybe 1 more year if we are lucky... very lucky
You DO know what the "Difficulty rate" is, right? At this point, miners ROI is in jeopardy, 90 days from now the diff will be so high you'll wish you never bought a miner!
er I also think that those of us that have mined at least since 2013 when I got a $7,131.80 usd Oct Jupiter 560gh 2013 (which best I can tell will end of life at about 50 btc)
anyway the mental hurdle I would/will have to go thru say next spring 2015 (irregardless if btc price is 1k or more or not) of paying probably something like 15K or more for
a miner that will do 'maybe' 7 coin if I had to guess total end of life ...ouch ouch ouch..
sure...if btc is over 2k it will make sense or something...but the day I got my Jupiter (Oct 18th 2013) I think at least for a few days it got ONE BTC A DAY...so
with my peanut sized brain ...."look squirrel" .....that fact alone will mess me up getting a 15k machine that say does something like .025 a day or some such (shudder)
not sure I'd be able to wrap my mind around it...and of course giant PH farms will probably be multiplying like flies even faster at that time...more angst on if to get equip
'maybe' I could make the adjustment with a lot of "wincing"...but unless some kick ass equip comes out that makes it worth another Jupiter gamble....likely being
an old 'duffer' messing around on coinbase will be the way to go..at that point only mental hurdles would be USD per BTC and small/frequent purchases hopefully..
So you start out as the 'dashing' bitcoin asic miner /danger/excitement/equip poop's out/angst/power outages....like flying an asic plane the thrill! the risk!..the crashes!
to after 1 year in mining and difficulty rises..you look around the plane is shot...mentally you are a bit 'wrung out' dealing with 'asic manufacuter's dog and pony shows'
So you are not an old fart (in asic miner terms not a newb anymore) ...and sitting at the computer (essentially) 'day trading' bitcoin on his laptop sipping Tea...(
ah the glory 'months' of long ago..er changes quick)
have to totter off to the little Searing room now to piddle ...too much Tea (someday in the future ...hey whipersnapper....i was a 'bitcoin miner' dang gum it respect
your elders....)
frack from miner to accountant in less then 2 years likely (of course if I'm accounting some real $$$ with BTC er maybe I won't mind much?)
Searing
Well, I finally got all the frankenjunk going--5180ish th/s
hopefully this is more then the 3TH you paid for but using 'tinkering' and not that you orig got 6Th?
if so congrats ...if not er sorry
Searing