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The eol was obvious.
Im curious how knc will unload their jupiter collection, besides the 400 x 3th they offered to waiting neptune customers. They prob have like 10000 units.
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Difficulty will never go down.
Not necessarily. If bitcoin price is stable and difficulty keeps increasing, sooner or later, people with less efficient equipment and high electricity cost will shut down their machines. The difficulty will then drop, until it reach an equilibrium. In august when diff is 30 billion difficulty |
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Hello everybody,
I'm very new to this world... as of BFL, I've read a lot of bad and sad stories about the pre-ordering and late delivery. However, I've found the BUTTERFLY LABS BFL 50 GH/s , which is almost every on the web.
Please give me advices of whether one of you guys used it or no.
Also, could some one direct me to the right place on how to do calculations?
Any advice is appreciated.
They are so old and obsolete by the next difficulty jimp theu are worhless for mining. But you can use as a space heater. |
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So what has to happen for mining to remain profitable in 2015 ?
Much of the hash power is being consolidated more and more, that trend will continue as the big boys can still make a return when smaller operations can no longer continue.. That doesn't mean the hashrate will flatten or go down, rather continue to climb at 10-20% each diff jump as many of the larger miners continue to invest, time is money at that scale in a way the home miner can't fathom.. Thats another good point. Even the manufacturers have a limit at which they can build, either for themselves or for investors at which it makes more financial sense to buy the btc rather than to build the machines to mine. Probably now is about $500 per TH? manufactuer cost, minus some r and d At about 25 Billion diff and if they can build at .5 watt/GH and $.50/GH they are at the limit, unless some magical technology or pricing happens. |
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I wouldnt mind going back in time and running my gpu at low power 30-60% to contribute to network and get some small amount of btc. But when the electricity cost alot more to run than the reward it doesnt make sense.
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So what has to happen for mining to remain profitable in 2015 ?
It cannot be sustained, Only the rise in BTC price can help slow down the madness that the Asic has brought to the marketplace. I stopped mining and sold 1.8TH equipment last month and bought a few btc just to sit on it. |
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Its a statistical fact that the difficulty now is 800x higher than it was last May.
Also a statistical fact that the smallest diff jump was 8.6% and highest was 46% during the year. The mean average range is between (11-23%)
Please answer these questions for me: 1) What will the price of BTC be on Jan. 1, 2015 ? 2) What will the difficulty be on Jan. 1 2015 ? 1. I dont know. 2. Im sure diff in Jan 1 2015 will be ALOT higher than it is now, which we already have a problem of roi and hardware. The point being. Pre-orders of Neptune was not a good idea. |
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I am always amazed by the number of people who feel that they can predict the future 2 or 3 months from now but can not win a game of rock, paper and scissors.
~L)L~
Its a statistical fact that the difficulty now is 800x higher than it was last May. Also a statistical fact that the smallest diff jump was 8.6% and highest was 46% during the year. The mean average being 23% |
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There is no long term in btc mining land. Usefullness of products are now 90 days or less. We are less than 60 days away from when manufacturers cant even make machines that are profitable to use minus electricity, mining will be a hobby by then.
^^ This ^^ I'm continually stunned when I read things like this (paraphrased for emphasis)... "Oh but KNC are the best! I may have to wait 3 more months for the same amount of THs at a higher price. But my machine will run for 10 years." And when that machine does finally arrive, it won't even pay for the electricity it uses after the previous 8 or 9 difficulty jumps. Well at least by then the weather will have started to cool down and you can use your Neptunes as supplemental heat while I struggle to keep my house below 85f during the summer months.  When people get their FREE Neptune in Sept and diff is 30 B it will ROI $500 |
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The organization should propose a changing algorithm to make it more even for the small people again.
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BTC isnt doomed. Its still on schedule to dool out 21 million coins.
The mining landscape will change because of difficulty adjustment.
BTC will still be generated, traded......
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There is no long term in btc mining land. Usefullness of products are now 90 days or less. We are less than 60 days away from when manufacturers cant even make machines that are profitable to use minus electricity, mining will be a hobby by then.
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The Price is INR 125000
USD 2080
$2,080 I can build a bitfury setup in 6 hours for about $1,200 that mines at 1 Ths not a good deal. are you really can build 1Th/s miner with cost $1,200 USD ?? Didnt he just tell you can buy bit fury boards for $40 and each one about 40ghs. Plus other small stuff. |
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You should have bought my s2 coupons for $70 instead (jk)
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By the time the Neptunes come out in late June they will ROI about $1500,
when the "FREE" Neptune comes after 2nd batch in about early September they will ROI about $500 as difficulty will be 30 Billion by then.
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New price for AntMiner S1: 0.439 btc each one, shipping cost included.
Is the rumor of a very close s1 EOL true or it will still be sold for other months? Im sure they haven't made any new s1 for awhile now. The ones being sold now are probably the ones being sold off from the farms to upgrade to s2 units. The last five sent to me were completely new items. I received them over the last two weeks. The first 10 /12 I got were all used I received them from feb to early april. I still doubt they are current production. They are just more careful about the handling and resetting of the last few batches. What do you think they will do with the 15000 farm units? Im sure the only 2 options are to recycle the parts for $40 or sell on clearance which is happening now. The current sale is more profit margin, or less loss however you look at it. |
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The Price is INR 125000
USD 2080
$2,080 I can build a bitfury setup in 6 hours for about $1,200 that mines at 1 Ths not a good deal. True |
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Dont feel bad. Alot of people who spent 12 to 13k on a neptune preorder are watching their orders delayed until end of june by which time their machines will roi $1500
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New price for AntMiner S1: 0.439 btc each one, shipping cost included.
Is the rumor of a very close s1 EOL true or it will still be sold for other months? Im sure they haven't made any new s1 for awhile now. The ones being sold now are probably the ones being sold off from the farms to upgrade to s2 units. |
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If UPS lost it, assuming Bitmain insured it correctly they would be reimbursed by UPS.
Should be fair to refund customer.
If unit was received is different as they will warrant a replacement for anything defective.
Tell that to Bitmain. If UPS loses a delivery, how do they reimburse Bitmain? I guess it depends on how Bitmain insures the shipment, if at all. I know they send via UPS World Saver but I'm sure insurance is optional. Does UPS have an automatic minimum insurance included??? I don't know. Let this this a cautionary tale to you all. If and when UPS loses your miner package, you are SOL in terms of getting your btc back. Even Bitmain doesn't play fair when it comes to it. There is free automatic insurance value up to $100 usd just like FedEx. |
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