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If mining is dead... then Bitcoin is dead? I do not think so. Probably some will keep on mining even at a loss expecting the price to raise, and others will held nodes even though there isn't miners (they are doing that already I guess). Bitcoin will be interesting to use even at the actual prices or lower.
If there is no PoW mining, Bitcoin can convert to PoS mining. It will also save a lot of energy for the planet. the enery of the mining is what give in part, the value to bitcoin, so it's beneficial and not a waste like many think there are other major wast on the planet and no one is talking about them If mining is dead... then Bitcoin is dead? I do not think so. Probably some will keep on mining even at a loss expecting the price to raise, and others will held nodes even though there isn't miners (they are doing that already I guess). Bitcoin will be interesting to use even at the actual prices or lower.
If there is no PoW mining, Bitcoin can convert to PoS mining. It will also save a lot of energy for the planet. If bitcoin turn to Pow its price will surely drop as the difficulty of gaining bitcoin is not that hard. bitcoin is already pow, what are you talking about? I think he means PoS. The cost of PoS is lower than the PoW, so people tend to dump more PoS coins. |
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I also hope it will help the bitcoin to rise t a higher amount but its not to predict of course so we will see what is gonna happen.
The halving can be a good thing but also a bad thing no one knows it.
The halving is a good thing as it reduce the supply of the new coins. It could maintain the bitcoin price. |
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Whether the price rises or not, when miners were already profiting at 25 BTC rewards when the price was $220, then I guess the price has already reached ~2x of it, so there won't be much effect even if the price remains as it is... the price $220 per one 1 BTC was when the difficulty was x2.5 less comparing to current values think about it  I think we will not see $220 ever. It is the price in the history. We will not see $400 in 6 months. |
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Depends on your electricity price. S7 is necessary for some operating conditions where electricity is higher. In others S5's are great still.
So it's pretty individualized. I would not say it served no purpose as I think it's efficiency did serve one but it is perhaps did the most for those with higher electricity prices. As that is where it is harder and harder to mine.
With the current difficulty, if your electricity is $0.1, the mining revenue is double the electricity price. When the halving come, there will be no profit. |
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...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..
700W = 16.8Kw a day Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining. with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4 it's a race war between efficiency and diff, at this point only trading with your hash will save you With the current difficulty, S7 is making profit, so is s5. the s7 noe, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point I think S7 is the better of the two. However, when the 16 nm miner come out, it will be in toast as well. |
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Most other altcoins are just clone and are scam coins. The bitcoin is in active development. That is superior to others.
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...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..
700W = 16.8Kw a day Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining. with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4 it's a race war between efficiency and diff, at this point only trading with your hash will save you With the current difficulty, S7 is making profit, so is s5. |
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For me, I have more bitcoins than other altcoins. The main reason is that bitcoin has the largest user community.
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If there is no price rise after halving, that is just because the price has risen too much before the halving.
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the s-3's are better in the sense they are light and easy to move. they run pretty quiet and there are low cost fans for it to be even quieter.
if you are in the usa lots of good psu's are around. you will need cheap power for these units. if you want to earn a profit.
I think you can also mod the s3 to reduce the voltage and frequency so that they are more efficient and last longer. |
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