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1  Bitcoin / Mining speculation / ASIC mining ( Newbie ) on: October 29, 2021, 12:45:44 AM
Been GPU and CPU mining, looking into an ASIC. ( Antminer S9 pro perhaps ). I am extremely bullish on bitcoin and believe it will be $ 200,000 + in five years and believe $ 10,000 investment should be paid off in 1 years based on .000058 daily mining at $60K bitcoin.

1. How many years do these miners usually last ?
2. Will the Taproot upgrade make an ASIC like this obsolete or inefficient ?
3. I should have mined .5 bitcoin by 04/18/24  ( Next bitcoin halving ). Can I assume my daily .00058 BTC will diminish to .00029 BTC for the following 4 years ?
4. Will this type of miner be obsolete after the next halving on 04/18/24 ?
5. If Bitcoin reaches 100K-200K and I can mine a BTC in 5-6 years, isn't a $10K investment and $12K in electricity a no brainer investment ?

Thanks,
Ronald
2  Bitcoin / Mining support / Antminer S19 Pro on: October 27, 2021, 12:59:33 AM
Been GPU and CPU mining, looking into an ASIC. ( Antminer S9 pro perhaps ). I am extremely bullish on bitcoin and believe it will be $ 200,000 + in five years and believe $ 10,000 investment should be paid off in 1 years based on .000058 daily mining at $60K bitcoin.

1. How many years do these miners usually last ?
2. Will the Taproot upgrade make an ASIC like this obsolete or inefficient ?
3. I should have mined .5 bitcoin by 04/18/24  ( Next bitcoin halving ). Can I assume my daily .00058 BTC will diminish to .00029 BTC for the following 4 years ?
4. Will this type of miner be obsolete after the next halving on 04/18/24 ?
5. If Bitcoin reaches 100K-200K and I can mine a BTC in 5-6 years, isn't a $10K investment and $12K in electricity a no brainer investment ?

Thanks,
Ronald
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