Whats the nominal price of 1 BTC , in order to make mining profitable again ?
That really depend on your setup, miner and electricity cost. Its profitable to mine for me all the way down to 100$ though its nothing very exciting at that level. Tell me your electricity cost and your budget and we can discuss options. |
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I have a bitcoin miner that used to run by itself, it had no problems until a lighting strike took out my router. After replacing that it would connect for a few minutes then drop connection.
It powers on just fine, but whenever i try to access its Web GUI, it comes back empty handed. I have attempted to reset it multiple times, but to no avail, any ideas?
Any smell of burnt? Check connections on the circuit see if anything or any chips are darkened, swap parts with a working S1 to find out whats wrong. If you can't i'd recommend selling it for parts. |
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Does anybody know of any decent data center for miners in Southern California?
I have no clue where to look for a data center ( with the exception to a multi-level underground nuclear hardened facility out in Iowa ).... what questions to ask.... what to watch out for.... etc. I would think that data centers would not like to have average joe schmos putting their equipment in their centers that have large corporations and what not hosted there.... just out of security sake. You can find users on this forum that offer hosting. You'll have to look through the service thread and see one located where you want. Its often better to ship them to where the miners already are when you buy them and ship them to you then ship them there. I'd watch out for scams, of course.  |
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If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better. In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity. The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case. Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm. Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us. I don't think you can say it will "normalize". With cheap electricity and if it is profitable even if they were not researching new gear, they would pump out the same gear and expand mining in many places. So difficulty keeps going up really no matter what happens. Only thing I see that could hurt difficulty is having. If at having it makes it where a lot have to drop off... who knows what will happen. It's just not something we can predict. But it's actually looking not to bad if BTC value keeps going up. Thats not really possible (to keep on buying), it will "normalize" to the electricity price. For instance if people keep buying and putting hardware on 0.01$/kWh, thats going to lower the profitability by raising the difficulty, eventually it will not be profitable to get more hardware run on 0.01$/kWh. The only way to get more profit would be to run it on less than 0.01$/kWh. For the halving... i think this one is going to be more chaotic than the first one, but we'll have to wait and see what it does to the home miners. I guess I might not be doing a good job of explaining my thoughts. I would think coin prices would still go up. They would not find a price and stay or normalize there. With BTC going up in price they could continue to make gear and make profit (in a lot of cases not all). To normalize as you put it to be at a point where btc price stays in same place and difficulty I just don't think this would ever happen in real life. You might be able to come up with a fictional thing were it does this. But from past we have never really ever seen this. Even now in past weeks look at BTC price it show's it does not stay the same and can be hard predict BTC prices over time. If the BTC price would still go up, then more miners would get onlined, but profitability per miner would remain the same. More miners would mine Bitcoin until it is no longer profitable to add more at the 0.01$/kWh. Then when BTC go down, people would probably still mine at a loss and just sell when it go back up. So difficulty would not change much or at least, not quickly. Diff up and diff down would probably become speculative on the BTC trending price. |
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So I grabbed a few BTC and I want to put them into cold storage for a while. I have been browsing and I think that a wallet that gives me a 12 word seed phrase would be best. I am thinking about Electrum. Would you guys agree or do you have any better (if possible free) alternatives?
Thank you!
a hardware wallet is good too: https://bitcointalk.org/index.php?topic=899253.0If you have your own spare computer you can use that as a cold hardware wallet too. Basically run Armory on a 100% offline computer and us it to sign transaction in the rare case you need to. Cold storage is pretty much for storing BTC for a long period of time so you could even do this on a VM, for the same level of security. Actual hardware wallets are good when you move a lot of BTC often. So i see them more useful for hot wallets than cold storage. |
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I don't think that bitcoin will replace dollar completly, there are people that don't like tecnology and don't have any mobil, and these people never will change to bitcoin. I think fiat money will be acepted always.
I think there should be a University of Bitcoin or crypto to provide education towards Bitcoin, crypto and the blockchain technology. College degrees in Bitcoin like Bachelor's, Master's, and Doctoral would be a pretty good idea (I think). There is so many people out there that don't know about Bitcoin yet and I think this would be pretty clever to attract the masses. Just my opinion.  Could be a nice idea, but not only in university. Nowadays there are people teaching how to use computers and mobiles to older persons. Could be necessary made the same with bitcoins. It is probably more necessary for Bitcoin related services to hit a high level of ease of use. It would be possibly to raise accessibility by incorporating Bitcoin into bank services. But i don't really see what a master in Bitcoin would bring. It sound more like a master in code security engineering. |
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I meant $50/per month in Canadian funds not US.
Didn't realise you were talking about US Funds.
Our exchange rate sucks now if you want to purchase goods so I understand why you don't want to pay $140 USD = $184 Cad for an S3.
Ahh, that solve the mystery. Well in case there is any other confusion on my offer; I am talking about 100USD shipped, which mean of course i would consider 140CAD shipped. I have added this note to OP to make sure no seller get put off by the ambiguity. Canada/Québec is merely where the item must be shipped to. In Quebec do most homes there use natural gas for heating or is it electric? In Alberta pretty much almost all homes have natural gas, and when its -30C an electric heater is a huge waste of electricty hence most people here dont use miners to heat their homes only natural gas. In the East it might be different, so maybe that's why you are having trouble finding miners locally since its almost Winter. I'd say electric but its still somewhat contested. The electricity is very cheap here however so thats a plus. Not many seem to realize ASIC heating is THE best hands down. I offered it to a friend and i was looked at like i was weird. Anyways, Its not the winter, its the BTC price. It was very easy to get 2 weeks ago. Now suddenly people ask 1.5-2x for the same miners. I'll just sleep on it and hopefully someone come up with a good offer for S3/S4 or S5. |
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If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up.
Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong)
As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners.
Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better. In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity. The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case. Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm. Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us. I don't think you can say it will "normalize". With cheap electricity and if it is profitable even if they were not researching new gear, they would pump out the same gear and expand mining in many places. So difficulty keeps going up really no matter what happens. Only thing I see that could hurt difficulty is having. If at having it makes it where a lot have to drop off... who knows what will happen. It's just not something we can predict. But it's actually looking not to bad if BTC value keeps going up. Thats not really possible (to keep on buying), it will "normalize" to the electricity price. For instance if people keep buying and putting hardware on 0.01$/kWh, thats going to lower the profitability by raising the difficulty, eventually it will not be profitable to get more hardware run on 0.01$/kWh. The only way to get more profit would be to run it on less than 0.01$/kWh. For the halving... i think this one is going to be more chaotic than the first one, but we'll have to wait and see what it does to the home miners. |
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With an 18-chip string, Avalon estimates about 0.26W/GH chip-level and BM1385 0.22W/GH chip-level at 0.67V
BM1385 estimates 0.18W/GH at 0.6V, which translates to 10.8V in; that's about a 20% reduction. If we can see about 30% reduction at 560mV that's around 0.15-0.16W/GH at 560mV (10V in); if the Avalon curve has a similar shape but shifted to slightly higher power (0.26/0.22) at 560mV you'd see around 0.18W/GH chip-level.
Assuming you can still run half the stock frequency (around 51GH per ASIC) at that voltage, you'd see about 25GH and around 4.5W per ASIC, for 1.8TH and under 350W machine-level with 10V rails. I'd be surprised to see under 700W for 3TH off that machine but I could be wrong.
but for the sake of argument lets say you do 1.8th using 375 watts my psu could drive 2 avalon 6's easy giving me 3.6th and 750 watts so while the avalon 6 does not look great at stock numbers merely good. it looks great as an underclock undervolt monster. reminds me of undervolt underclock of gpu's back in 2011 and 2012 I want these machines. BTW the s-7 does not allow under volt below 11.7 volts now that was with the batch 1 controller maybe the batch 2 controller or the batch 3 controller allows for it. the later s-5's allowed for undervolt If you get 1.8 for 375 that would be amazing. The 4.1's were monsters as you put it on underclocking. If the Avalon 6 can do this it will be hard to beat. I mean even at having ... unless something huge changes 1.8 for 375 I think will make it still a valid in many places... which is huge. So I'm excited to see it. The Avalon6 will have much better downvolting capabilities here, as we were told some hours ago. But it is going to need adjustable PSU or buck converter. I'm not sure how much efficiency we'll be able to gain but just down clocking. Maybe not much at all, but we'll see. |
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i bought the EVGA 1600 G2 to try out. still waiting on a 6 pin splitter to be shipped in though. it has 9 PCIe slots. so close!
The EVGA 1600 G2 comes with at least 14 PCI-e connectors. My 1300 G2 came with many and also had some 1x6+1x6+2 pins cables too. So you should have plenty of connectors. Did you get it used? Or did you not count both 6+2 and 6 pin cables? From stock; PCIE: 9 x 8pin (6+2), 5 x 6pin = Total would be 14 connectors. |
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Remember to sell when it goes up 100% a week, the final day is 30% per day. We are not yet there but things can evolve quickly. When this happens, it is a local peak, has been many times before and is now when do you recommend to buy back after this happens? Heh that's the trickier part. In my SSS link I actually advise against trying to time the peaks at all and rather sell at predetermined price increases, and not buy back. Open Bitcoincharts.com and study all the bubbles - the low is typically quite much lower than the peak, in case of major peaks that have first made an ATH (2011/6, 2013/4, 2013/12) it has always been about 20% of the peak. Since in my opinion it is realistic to sell on average at 60% of the peak price in these cases, you can still set the bid at 1/2, even 1/3 of your sell price and historically it will still hit. If the bubble fails to make a new ATH during its course, the price downside is less. As is the topic of the thread, we are way behind the trend so a superbubble similar to the first one in 2013 is easily possible. Here the trader (not SSS investor) does well by waiting until a weekly red candle comes, and sells only the following week. Selling prematurely is the greatest danger here. To be honest I am not really interested in increasing my fiat position, i'm more interested in increasing my bitcoin position, therefore, selling and buying back at the right moment is crucial. Of course I know i can never get the absolute top and absolute bottom, but trying to get at least a reasonable gain for the risk I just don't trust the dollar and euro (or the financial system as a whole) enough to rely on it. The vast majority of my money is in bitcoin, another part is in silver, and only a fraction is in fiat. Risky? Maybe, but I consider the risk of leaving it in fiat to be much higher. I will take your advice, and even 1/2 seems reasonable enough. It might not be optimal, but at least it's a large profit and a moderate risk. Of course I will not sell when I anticipate another bubble, such as now. Thanks for your insight. There may be a "bubble" to $800 or $1500, but if this exponential trend is accurate and we retest old highs, then we could very well be going for $10,000 per bitcoin within the next two years. We all want to maximize gains, but honestly, we're all probably better off following SSS. None of us will perfectly buy and sell all the way to $10,000. You don't sell to buy and hold fiat, you sell to buy income producing assets. That is the key, target your SSS strategy so that by the time you've sold half of your BTC, you have been able to buy enough income to live on. You still get to enjoy the ride up if it continues, but also have established security. Expecting/imaginating 10 000$, that is so ludicrous. Dont get me wrong, that would be amazing, but i can't imagine a market cap of 150 billions of dollars anytime soon. That would be so much power, this would be catastrophic. Governments would panics. Economic power is like Technology, if it goes up too fast, other things crash. |
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How much is shipping for both to Columbus, Ohio 43201?
It's gonna cost 20$~ around the US. How adamant are you about the US only part? If you are willing to ship to Canada, i may be interested in eating the shipping cost. In the case you decide to consider it, here is a postal code to estimate shipping to; J8T 8S1, Gatineau If we come to deal, i'd nominate OgNasty as escrow. |
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I meant $50/per month in Canadian funds not US.
Didn't realise you were talking about US Funds.
Our exchange rate sucks now if you want to purchase goods so I understand why you don't want to pay $140 USD = $184 Cad for an S3.
Ahh, that solve the mystery. Well in case there is any other confusion on my offer; I am talking about 100USD shipped, which mean of course i would consider 140CAD shipped. I have added this note to OP to make sure no seller get put off by the ambiguity. Canada/Québec is merely where the item must be shipped to. |
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Right now is quite possibly the worst time to buy a miner and the best time to sell a miner.
There are no more sellers anymore. An Antminer S3+ makes almost $100 in 2 months with free electricity in Canada.
So you either need to wait or pay the premium.
I only buy miners when the price is crashing, you can get them for free almost if you look hard enough.
If you are looking to add extra hashrate just overclock your current miners. You can probably overclock them by at least 10% or so. Its free.
100$+40 Shipping, 2% pool fee, a generous 500 GH/s pool side give ROI in 120 days with "free electricity", not all that spectacular. And what i'm saying is, sure, BTC went up. S3 was being sold for 0.25BTC so 55-60$ then. And now 0.25BTC would be close to 80$, so 80$ is fair, so 100$ shipped because of the "BTC Excitement" is fair. Point is, Ebay is typically always overpriced and now people are trying to sell miners *here* for most costly than Ebay, which is selling for 117$ Shipped. My S5's are already all running at 1300GH/s, the S4 would probably explode if i raised it by 10% since it has the same PSU as stock. So i mean, i'm all up for following the BTC price, but miners don't double in Value because the BTC price go up a bit. Looking at the steady up and down trend, BTC might rise to 320$ before testing bottom again. But you're right, i did realize that its best to buy miners when the BTC price is down. I might just buy a little and keep the rest for when the BTC price crash again. You sure you calculated it correctly? Its like $49/per month per 500Gh/s right now. The reason why the S3 is so expensive now is not due to BTC price but due to Supply/Demand of miners. Since the price is up, nobody wants to sell. Hence large demand, low supply and that's why the price is skewed. But yes right now if I wanted to clear some miners I would be selling all of mine at a premium and then in a few months buy them back cheaper. The best is to contact buyers locally when the price is crashing (<$200 BTC) and they will be nervous and sell the miners for almost nothing. If you heard how much I paid for most of my gear you probably wouldn't believe me. The most expensive miner I ever bought was $165 USD. And the longest ROI was 2.5 months. Shortest was like 40 days. Well yes. 0.008RatePerTH*0.5TH = 1.2$ per day About 35$ after a month with 2% difficulty raise. And thats assuming BTC at 305 for all the time period. We had a straitforward raise pretty fast, i doubt there's enough floor to support it, eventually its going to collapse before normalizing again. But i guess youre right, i been steadily getting very cheap miners so maybe thats why other feel i am so stingy on the price. Considering my last 3 purchases, unless you got S5's for 100$ a piece, i won't be very surprised. Nontheless, maybe just selling the Bitcoin soon and buying everything back when the price is down again is the way to go. Hard to make the decision when you do not know the future for certain. |
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Right now is quite possibly the worst time to buy a miner and the best time to sell a miner.
There are no more sellers anymore. An Antminer S3+ makes almost $100 in 2 months with free electricity in Canada.
So you either need to wait or pay the premium.
I only buy miners when the price is crashing, you can get them for free almost if you look hard enough.
If you are looking to add extra hashrate just overclock your current miners. You can probably overclock them by at least 10% or so. Its free.
100$+40 Shipping, 2% pool fee, a generous 500 GH/s pool side give ROI in 120 days with "free electricity", not all that spectacular. And what i'm saying is, sure, BTC went up. S3 was being sold for 0.25BTC so 55-60$ then. And now 0.25BTC would be close to 80$, so 80$ is fair, so 100$ shipped because of the "BTC Excitement" is fair. Point is, Ebay is typically always overpriced and now people are trying to sell miners *here* for most costly than Ebay, which is selling for 117$ Shipped. My S5's are already all running at 1300GH/s, the S4 would probably explode if i raised it by 10% since it has the same PSU as stock. So i mean, i'm all up for following the BTC price, but miners don't double in Value because the BTC price go up a bit. Looking at the steady up and down trend, BTC might rise to 320$ before testing bottom again. But you're right, i did realize that its best to buy miners when the BTC price is down. I might just buy a little and keep the rest for when the BTC price crash again. |
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If there is no mining then there will not exist bitcoin, right?
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
As long as BTC live, mining will never be dead "dead". When people say "damnit mining is dead" they are talking about themselves, in their conditions. Mining is not dead for people with better conditions than that person and that will remain true as long as Bitcoin lives. Its a definite fact because if something very bad happen and BTC lose 70% of its value, mining will "die" for many, but it will normalize on 30% of its remaining value after the difficulty drop. That's the point if there is no mining i think that bitcoin will disappear. Mining itself will continue and i think that the new technology hardware will make it easier. At least more profitable than the old mining rigs which for now and from July will not worth using them. New technology doesn't help mining, it just make previous generations obsolete. Mining will ever end, and can never kill Bitcoin, it is the other way around. As long as BTC hold value, there will be mining. Because as long as BTC has value, mining has value. As long as there is value, people will do it. Its just a matter of perspective. For instance last months before the BTC raise, people were complaining/sadly saying they already were nearly breaking even by mining with a S5. Meanwhile for many, it is still profitable to mine with S3 or even S1 or perhaps even worse ASICs. For those who pay electricity it does help on new miners as they normally have better efficiency. And there becomes a time a miner when paying electricity is not bringing in enough, or some not at all. This is when you sell and upgrade generations. Without new efficiency and difficulty going up eventually no one but cheap or free could mine. So there is a purpose new gear serves for most miners as electricity costs money. There is, but the reason difficulty go up in the first place, is because more hardware is being produced in the first place. If no hardware was ever more efficient than 0.5J/GH, then we would eventually hit a cap, where it would only be more profitable to invest in even more of these miners if the price of BTC raise. Basically, now we're also fighting over who gets the most efficient hardware, if that was removed from the equation, it would probably be better off for miners. If they did not have new chips they would just make the same miners with same efficiency. Having old technology would not stop companies from making miners, as a lot pay very little on big data centers. So difficulty would still go up. Difficulty is not going to sit still, this just wot happen no matter what situation is. It can move slower upwards.... but not remain the same (assuming BTC does not crash or something hugely go wrong) As someone who pay's electricity I can tell you new miners are a good thing overall. Only way I can see people not thinking so is "free" miners or extremely cheap electricity miners. Yes, like people in china, and it does not matter if the companies would continue let say, make S5 forever if there is nothing better. In a world where more people online S5 when the hashrate network would already be saturated with S5, this means someone found cheaper electricity than others, and thus will knock off other people with less cheap electricity. The diff will go up a smidgen and will then normalize. The only time more S5 will be onlined if the whole world was running S5 is if its still profitable, and it is only so in that case. Hence the difficulty would pretty much stagnate. Albeit slowly upward as people setup their next Farm in a more profitable farm. Hence the only reason you and i want more efficient hardware, is to stay competitive with the difficulty going up, which is going up because huge data center of hardware is being onlined somewhere they pay 10 to 100 times less than us. |
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I am just outside Albany NY, not sure if you travel the 87 much, but I have 8 x s3+, 1 S4 and several S5's. Given shipping costs, maybe pickup is the way to go.
Let me know
Hello, i don't have a car ^_^". I'm tapped out in funds at the moment, but i will be looking to buy more S5's in the future. I may have to remove S3 and maybe S4 from my buying list, i only have 800watts of power free on my power grid for mining, so after that its replacing older gear, and replacing older gear with slightly less older gear is probably not going to be enough. If the price is right i would buy a working S5 from anywhere. If you have a concrete offer for 1 or 2-3 S5, i'd be interested to hear it, however it will take me a bit of time to replenish my funds. The next thing i'm picking up will be a single S5 blade, as soon as i can find one at a good price. So i was going to let this thread rest for a bit until i have budget again. OK, thats fine. I have the hardware listed other places also so lets check back in a while when your ready and I'll see what I have left at that point. I am now looking to pickup some deal. If you (or anyone else for that matter) have S3's already in Canada, shipping them here might be doable. Also interested in S4, S4+, S5, S5+. The S5 at least, would probably not be an issue if shipped from the US. Not sure about the shipping cost for an S4, it might not be doable. From outside Canada. I am close to Ottawa, if local drop off is a possibility. I do have 6 S3+ for sale at the moment and possibly a few S5's. This would ship from zip code 12110 if you want to see if that would work. I am looking for $100 per S3+ Its typically come down to 40$ shipping per S3, with the price you are asking, that would be 140$ per, about twice the price i'd buy them for, so we can scratch that. Then for a S5, i'd offer 270$+Shipping for one, but if you're asking 140$ shipped for a S3, it sound like you'd be asking 400$+ for a S5, which is also too much? (Delete and Repost) For the next 24 hours only i will be buying S3~ at 100$ Shipped per.As BTC keeps pushing up, even S3 and S4 become very profitable, thus I am going to ask 100 plus shipping for s3 and $400 plus shipping for S5 and $675 plus shipping for S4. That is still better then 90% of the listings on eBay and I guarantee my units perform to factory or better unlike some of the crap sold on eBay. Then thank you for your offer, but i will have to pass, as Canada Ebay has the S3's for cheaper than your asking price. 2 Weeks ago people were getting rid of S3's at 60$, and i do not believe the S3 to have suddenly doubled in value, even with the BTC going up 30%. I'd still rather deal with people here so, my offer for S3's is valid to anyone for the next 23 hours. |
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I am just outside Albany NY, not sure if you travel the 87 much, but I have 8 x s3+, 1 S4 and several S5's. Given shipping costs, maybe pickup is the way to go.
Let me know
Hello, i don't have a car ^_^". I'm tapped out in funds at the moment, but i will be looking to buy more S5's in the future. I may have to remove S3 and maybe S4 from my buying list, i only have 800watts of power free on my power grid for mining, so after that its replacing older gear, and replacing older gear with slightly less older gear is probably not going to be enough. If the price is right i would buy a working S5 from anywhere. If you have a concrete offer for 1 or 2-3 S5, i'd be interested to hear it, however it will take me a bit of time to replenish my funds. The next thing i'm picking up will be a single S5 blade, as soon as i can find one at a good price. So i was going to let this thread rest for a bit until i have budget again. OK, thats fine. I have the hardware listed other places also so lets check back in a while when your ready and I'll see what I have left at that point. I am now looking to pickup some deal. If you (or anyone else for that matter) have S3's already in Canada, shipping them here might be doable. Also interested in S4, S4+, S5, S5+. The S5 at least, would probably not be an issue if shipped from the US. Not sure about the shipping cost for an S4, it might not be doable. From outside Canada. I am close to Ottawa, if local drop off is a possibility. I do have 6 S3+ for sale at the moment and possibly a few S5's. This would ship from zip code 12110 if you want to see if that would work. I am looking for $100 per S3+ Its typically come down to 40$ shipping per S3, with the price you are asking, that would be 140$ per, about twice the price i'd buy them for, so we can scratch that. Then for a S5, i'd offer 270$+Shipping for one, but if you're asking 140$ shipped for a S3, it sound like you'd be asking 400$+ for a S5, which is also too much? (Delete and Repost) For the next 24 hours only i will be buying S3~ at 100$ Shipped per. |
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If there is no mining then there will not exist bitcoin, right?
I think that mining will not get dead as soon as new hardware are in the market.
When July comes then we will see how many devices will die because of no profit.
As long as BTC live, mining will never be dead "dead". When people say "damnit mining is dead" they are talking about themselves, in their conditions. Mining is not dead for people with better conditions than that person and that will remain true as long as Bitcoin lives. Its a definite fact because if something very bad happen and BTC lose 70% of its value, mining will "die" for many, but it will normalize on 30% of its remaining value after the difficulty drop. That's the point if there is no mining i think that bitcoin will disappear. Mining itself will continue and i think that the new technology hardware will make it easier. At least more profitable than the old mining rigs which for now and from July will not worth using them. New technology doesn't help mining, it just make previous generations obsolete. Mining will ever end, and can never kill Bitcoin, it is the other way around. As long as BTC hold value, there will be mining. Because as long as BTC has value, mining has value. As long as there is value, people will do it. Its just a matter of perspective. For instance last months before the BTC raise, people were complaining/sadly saying they already were nearly breaking even by mining with a S5. Meanwhile for many, it is still profitable to mine with S3 or even S1 or perhaps even worse ASICs. For those who pay electricity it does help on new miners as they normally have better efficiency. And there becomes a time a miner when paying electricity is not bringing in enough, or some not at all. This is when you sell and upgrade generations. Without new efficiency and difficulty going up eventually no one but cheap or free could mine. So there is a purpose new gear serves for most miners as electricity costs money. There is, but the reason difficulty go up in the first place, is because more hardware is being produced in the first place. If no hardware was ever more efficient than 0.5J/GH, then we would eventually hit a cap, where it would only be more profitable to invest in even more of these miners if the price of BTC raise. Basically, now we're also fighting over who gets the most efficient hardware, if that was removed from the equation, it would probably be better off for miners. |
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So here is the real problem.
I only have a very limited test machines in hand, will try to answer this in the near future.
But every machines are different. will have more and more performance difference when the voltage going down...
ng
I appreciate that undervolting / underclocking will have variable results across machines. However it would be very useful to have an indication as to what is possible? Thank You Rich The difference maybe up to 50%.... Also, I think the "tweak" of Avalon6 will be extremely easy. set a top frequency, set a target temperature, finish. The machine will find a best frequency and fan speed by your setting. Thats a pretty handy feature, "auto" though some people prefer to handle that manually, it will probably be very useful during the summer heat. And a up to 50% difference possible in efficiency would be excellent. That is great news and definitively a upside to going with the Avalon6. I'm sure I or RichBC will be looking forward having a unit in hand to test this. |
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