What difficulty level is a deal breaker for you?

abokhalel2

member

Activity: 233

Merit: 10

Quote from: SFR10 on February 05, 2016, 11:19:50 AM

In my case, last time that I really mined 24/7 to get some BTCitcoin and still have some profits was back in 2011 in which I used GPU's back then so for me has been a long time that the difficulty has made me to stop mining.

Wow, You must have very expensive electricity to stop in 2011

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Amph on February 06, 2016, 02:36:39 AM

well the current tredn of the diff is already the case of this, because at this level not even at 0.05 cent will be profitable, if we don't take into account the roi only on the new equipment

and my electricity is very bad and so i stopped mining long time ago

The problem with this becomes were kinda at the last of this generation of miners. And no one knows how long it will last. Will bitfury take months? Who knows for sure.

I think timing on next generation gear could also be a factor. Also what happens to the old gear will be a huge factor. If they find places in world to keep it running, or if some gear like A1's finally start to come offline in big numbers.

Amph

legendary

Activity: 3248

Merit: 1070

well the current trend of the diff is already the case of this, because at this level not even at 0.05 cent will be profitable, if we don't take into account the roi only on the new equipment

and my electricity is very bad and so i stopped mining long time ago

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

okay I will always mine until I die or BTC dies.

But it may be just a few sticks.

I have unusual power setups.

I mine 1 s-7 at 4000gh with free power but I give half the coins to the hoster so that is 2000gh for free. so I will always mine this gear.

I have 4 avalon6's right now at 12.6 cents but worth 3 cents in heat so 9.6 cents

they will stop earning money at 311 diff if we are at 25 coins a block

notlist3d

legendary

Activity: 1456

Merit: 1000

I don't think it's one difficulty that is a deal breaker for me, but a combination. As they build on each other... that is what could get me. If they keep adding up high together it will shrink profit's or possibly get rid of them.

So I say it's the continued difficulty that adds that will get most, in my opinion.

Exoskeleton

sr. member

Activity: 338

Merit: 251

I'll keep mining small scale pretty deep into a loss. I'd rather keep the gear I already have running and take a small/medium loss than buy coins on the markets. Obviously there is a point where I would turn off everything, but I think I would hang tough through at least a 20% loss for over 6 months.

Its better to mine the coins than buy them because you are taking from the pool of available coins in a way the helps to increase the overall value. This is even more true if you are holding your mined coins.

I think many of the big farms who put a lot of money into mining will not simply turn off their miners just because they are taking a small loss for a few months. This is a problem. The big players have invested too much money to back down now. They will mine at a loss to drive out the competition, and this will guarantee home miners will be underwater soon. Perhaps for good.

virtualdn

legendary

Activity: 1358

Merit: 1093

In my case any difficulty higher than 100 is a deal breaker for me because I don't have the proper equipment to mine BTC so it's out of the question

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

In my case, last time that I really mined 24/7 to get some BTCitcoin and still have some profits was back in 2011 in which I used GPU's back then so for me has been a long time that the difficulty has made me to stop mining but I have a friend who has an s3 and is going to switch it off soon. Yes buying BTCitcoin is cheaper than buying a mining rig and earn it since it could go wrong and your euipments gets some serious damage even before you get your ROI alone so it's even worst if your trying earn that 1 BTCitcoin through it and thats why most people lately just buy it.

abokhalel2

member

Activity: 233

Merit: 10

Hi guys,

The bitcoin difficulty is going to increase 20% next time. It is going to hit around 173,640,467,390!
This made me thinking, based on your current miners, what bitcoin difficulty is the maximum limit for you? The difficulty that your miners are no longer profitable anymore, and you have to turn them off. In other words, buying bitcoin directly is cheaper for you than mining yourself.

Let's assume the bitcoin price is $400

Topic: What difficulty level is a deal breaker for you? (Read 910 times)