Bitcoin Forum

How much of the bitcoin network is still being run on hardware that clocks less than 180gh do u think??

Now i'd like to split that into 3 categories.

1. Free Electricity (Work/Solar/Whatever as long as its free!)

2. Home Electricity (In which case your losing money on anything running less than $1 a w)

3. Corporate Mining

I have 2.5th on home electricity & im just braking even.

I know this is not a get rich scheme i just wanna gauge how many others do this for other reasons cause home mining is slowly losing traction & if so think about how much hardware falls into these categories and will be switched off cause it costs more to run than they make?

(Hell i was running BFL 5gh & 11 x 10.7 blades up until my last electricity bill -  i tell u what it was hard to turn off 130gh that i had paid so much for that was now costing me too much to run)  ???

well some use the heat and run gear as space heaters . so if you have an all electric heating system. I am talking baseboard radiator very expensive heating done in the 60's and 70's .

 I know of more then one development in my town that is all baseboard radiator electrical. I have to think some s-1  is drifting into that type of home.

 

I think there are more then 20ph in  s-1's.

Jun 18 2014   13,462,580,115   14.51%   96,368,902 GH/s

 I base that guess on the date above .  around this time bitmaintech was lining up buyers for the s-3 they would say that the s-1 did 20% of the network at this time

So 20ph and maybe another 10 ph will drop off soon.  By soon this winter.

It hurts but you have to cut the cord on those.   For me it was around 8500 watts of GPU that I hated unplugging.  But if I don't make money I'm willing to pull the plug. 

Right now you need low cost electricity and miner cannot be anything near as old as the blades to profit.   

yeah this is true.   you should list that entire lot on ebay for 75-100 usd.  then try to buy an s-3

I have seen s-3's for 225 on ebay.  I grabbed one of these for 222.22 on a best offer.  After coupons about 209

http://www.ebay.com/itm/BIMTMAIN-ANTMINER-S3-450gh-s-5-IN-Hand-Ships-Now-/271653319201?pt=US_Virtual_Currency&hash=item3f3fccb221

180 GH per what ? Per chip, per board, per device, per U or per rack ?
Its a totally meaningless metric.

Of course its obvious the network is shifting away from individuals towards mega mines. The reason for that is equally obvious: economies of scale. Access to cheap bulk electricity, cheap hardware (at cost for self-mining companies like KnC, Antminer, Bitfury, AM, ..) and far lower logistics overhead. Not too mention the cost of sales, sales support etc.. Those things didnt matter all that much when gross margins where 4 or 5 digit percentages, but they begin to matter now.

I would say very little of the network is run on miners that run at 180 Ghs or less. I would imagine that the bitcoin network, like most other economies will be focused on larger miners with higher capacities (and higher efficiencies) and having these miners be turned off would likely have a small impact on the overall hashrate

any real estimate ?