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501  Bitcoin / Mining speculation / Re: New Mining Farm on: February 14, 2016, 11:23:58 AM
If you wanted to host S7s with us in Canada it would be 7 cents/kwh. We can provide references and everything else you need, we're coming up on our third anniversary in April.

Email me james@greatnorthdata.com

Do you think it will be profitable for you after the block halving? The difficulty is rising too fast. If the CAD increase in value against USD, you might make a loss.

I think that the major factor of profitability of mining after the block halving is the price of bitcoin. If bitcoin does not rise, or actually drops, it basically means that mining revenue will instantly halve!

Another big thing is the actual mining gear.  Assuming next gen on most companies comes out before or soon after having, they might be a decent factor.   Efficiency is a big deal already for a lot of miners, and will only become bigger.

Right now kinda hard to say with difficulty looking high right now.


I heard the 16nm will come out in March or April. So the difficulty will rise a lot before the halving.

it depend on the efficiency, bears in mind that the efficenty is going toward the minimum already, this means that there is no more real gain from it

we have already a consumption of $45 per month at 0.05 per kw/h, even half of that it will not impact so much the maximum margin that miners have, and the halving will kill it anyway

Do you mean even the 16 nm will not ROI easily if the price is the same and halving will cut the revenue by half?
502  Bitcoin / Mining speculation / Re: New Mining Farm on: February 04, 2016, 08:01:00 AM
If you wanted to host S7s with us in Canada it would be 7 cents/kwh. We can provide references and everything else you need, we're coming up on our third anniversary in April.

Email me james@greatnorthdata.com

Do you think it will be profitable for you after the block halving? The difficulty is rising too fast. If the CAD increase in value against USD, you might make a loss.

I think that the major factor of profitability of mining after the block halving is the price of bitcoin. If bitcoin does not rise, or actually drops, it basically means that mining revenue will instantly halve!

Another big thing is the actual mining gear.  Assuming next gen on most companies comes out before or soon after having, they might be a decent factor.   Efficiency is a big deal already for a lot of miners, and will only become bigger.

Right now kinda hard to say with difficulty looking high right now.


I heard the 16nm will come out in March or April. So the difficulty will rise a lot before the halving.
503  Bitcoin / Mining speculation / Re: New Mining Farm on: January 22, 2016, 09:27:43 AM
Just buy some BTC and hold it.

That is a good suggestion. The electricity price is too high. In order to survive next halving and difficulty rise, you need to have less thna $0.1 electricity price.
504  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: January 09, 2016, 08:03:55 AM
Investing in physical gold would in theory be safer than any other form for asset. Gold won't crash - EVER but Bitcoins could crash in the future. If the price on gold falls, you could allways sell it, and make some money back.

Gold is gold, it's been here a long time so people put trust in it.

Bitcoin is new and people are afraid of new things.

The more reason they have to be is because of the volatility. For me though bitcoin is safer and better.

In long term, bitcoin is safer and better. But in short term, the price changes a lot. We have to be patient.
505  Economy / Auctions / Re: SELL 2 Potential Member on: December 27, 2015, 07:51:01 AM
What is the bin?
506  Economy / Lending / Re: Need .03btc loan on: December 16, 2015, 07:50:48 AM
It is better to provide a collateral for your loan as your account is not worth 30% more than your loan. Some keen members might tag your account.
507  Economy / Scam Accusations / Re: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action on: December 05, 2015, 09:45:29 AM
It took me about a week to withdraw some bitcoin from cryptsy. The reply letter from the support stating withdrawing bitcoin is a highly complex matter. I never had such problem with it before.
508  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: November 25, 2015, 02:41:12 PM
Prefer gold over bitcoin..  money depends n gold and not vise versa

In old times, the money depends on gold. Now, there is a new concept of money, that is bitcoin. Bitcoin or digital currency is the future.
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