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Title: Hardware sales? Post by: qed on March 06, 2011, 04:09:56 AM In less than 4 days the difficulty level will be raised by around 40% that imply, giving the same effort, will generate around 30% less Bitcoins. The 1st few hardware sales already appeared on the forum.
What do you think is going to happen the next week? Title: Re: Hardware sales? Post by: MagicalTux on March 06, 2011, 04:12:29 AM You forgot one:
"Price of bitcoin will raise accordingly" Title: Re: Hardware sales? Post by: qed on March 06, 2011, 04:17:56 AM You forgot one: "Price of bitcoin will raise accordingly" I had a thought about it, but at the end i wanted to keep the options as simple as possible. "Price of bitcoin will raise accordingly" can be included in the "Nothing will change." options. Title: Re: Hardware sales? Post by: Littleshop on March 06, 2011, 05:01:12 AM The price of electricity is no where near the value of the BTC yet. Once you have the hardware on and running you are not going to turn it off if it is still profitable. There will be no flood of gear. Now the expansion of mining effort will slow but not as much as I would like. More people are going to put hardware they own online as they discover bitcoin, but there may be fewer purposeful purchases of high end mining gear as the expected return falls.
Title: Re: Hardware sales? Post by: qed on March 06, 2011, 09:23:35 AM The price of electricity is no where near the value of the BTC yet. Once you have the hardware on and running you are not going to turn it off if it is still profitable. There will be no flood of gear. Now the expansion of mining effort will slow but not as much as I would like. More people are going to put hardware they own online as they discover bitcoin, but there may be fewer purposeful purchases of high end mining gear as the expected return falls. You are talking about the US, here in Japan it's around 0.34$ for 1kWh, your hardware can be sold for money and, as time passes by, it will lose value. I also don't like to have something hot in my house when outside are 40°C and my air conditioner will have not only to cool the room, but also a 400W PC on. Title: Re: Hardware sales? Post by: BioMike on March 06, 2011, 11:17:00 AM What do you think is going to happen the next week? Cheap new gaming rig :D Just joking. Title: Re: Hardware sales? Post by: Littleshop on March 06, 2011, 01:41:52 PM The price of electricity is no where near the value of the BTC yet. Once you have the hardware on and running you are not going to turn it off if it is still profitable. There will be no flood of gear. Now the expansion of mining effort will slow but not as much as I would like. More people are going to put hardware they own online as they discover bitcoin, but there may be fewer purposeful purchases of high end mining gear as the expected return falls. You are talking about the US, here in Japan it's around 0.34$ for 1kWh, your hardware can be sold for money and, as time passes by, it will lose value. I also don't like to have something hot in my house when outside are 40°C and my air conditioner will have not only to cool the room, but also a 400W PC on. |