Topic: The growth end is nigh, or the boom is coming? (Read 1134 times)
I am having 2w/hash and my electricity is close to 80% of my electricity. So another month I got no choice but to sell it off...
This is a fun forum to post in, especially when everything seems dire to everyone.
My units will become unprofitable to run by November of 2014 at 15 cents/W at current levels of exponential hash rate growth. They get about 1.2 W/GH/s, which isn't that inefficient.
If you're using more efficient hardware, you maybe have miners with 0.5 W/GH/s and electricity at 15 c/W. Your profitability ends in February 2015.
Best case, you have 0.5 W/GH/s and electricity at 5 c/W. Your profitability ends in May 2015.
The last time this happened, everyone started spelling gloom and doom for Bitcoin mining, that mining units would never return on fiat, etc etc, and the market bounced back and suddenly Bitcoin mining was once again profitable.
The other situation could be that hash rate growth will stop because it is unprofitable, and the difficulty with begin tanking, and everyone will start offloading mining hardware (which is what happened with GPUs in 2011-2012). This works if price falls or remains stable.
My units will become unprofitable to run by November of 2014 at 15 cents/W at current levels of exponential hash rate growth. They get about 1.2 W/GH/s, which isn't that inefficient.
If you're using more efficient hardware, you maybe have miners with 0.5 W/GH/s and electricity at 15 c/W. Your profitability ends in February 2015.
Best case, you have 0.5 W/GH/s and electricity at 5 c/W. Your profitability ends in May 2015.
The last time this happened, everyone started spelling gloom and doom for Bitcoin mining, that mining units would never return on fiat, etc etc, and the market bounced back and suddenly Bitcoin mining was once again profitable.
The other situation could be that hash rate growth will stop because it is unprofitable, and the difficulty with begin tanking, and everyone will start offloading mining hardware (which is what happened with GPUs in 2011-2012). This works if price falls or remains stable.
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