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I think FREE or Little electricity cost is part of the reason difficulty has not dropped.
In addition there are still money stuck in the development phase from the last major investment phase (late 2013 early 2014).
I expect a major shakeout of manufacturers by the end of year. Wont be many makers and suppliers in 2015 because there wont be any profit in making and selling them.
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Bitcoinx hasn't updated their formula in a long time.
They still have difficulty at 19 Billion and btc price of $500
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Thats not possible with 36Th and no electricity cost.
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While the ASM gen3 chips seem like a good deal, they are power hogs at 1.1 watts/gh
They will be outdated and unprofitable by November if the user has to pay anything over .10 electricity and other expenses.
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1000TH for 100k
$100/TH is hard to do
If they can do it then they are making a killing at sales:
KNC Neptune 3 = $2000 TH
Bitmain s4 = $750 TH
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The 1st Batch of AntMiner S4 is 1,450 USD per unit (excluding shipping), with dispatch estimated September 29th. Batch 1 will go on sale at 22:00pm Sept. 25th Beijing (UTC +8 Time Zone)
Very expensive! ( So disappointing that they are also now charging shipping separate, I will stick with the S3's for now until the price becomes more reasonable. ahhhh Profits are very slim now At least better than Neptune $2000 GH |
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My friend, who is not part of the BTC world, sent me a message half an hour ago: "PayPal supports BTC". Few seconds after that I realized that we will rally up from here, because this news got media attention, ordinary non-bitcoin people heard about it.
This makes sense as Paypal is basically a processor. By supporting btc they are letting people use as a debit collateral or credit against their paypal accounts. But they are still making fees by the actual paypal transactions like a regular cc. |
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Why do they always drop the hashrate and difficulty 2 days before the next jump..
Conspiricy thery
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So next September it will be 381 times harder to mine for BTC. Unless the price rises to $181,000 to make it equal to mining today. Something has to give.
why it will be harder to mine for BTC? you mean the price will be down and few people mine? The difficulty level to mine seems to gets harder every 13 days |
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20btc back with the cloud conversion is better than 90% loss on Titan. But i doublt knc would allow, because they have the cards in their hands.
They might consider on a month or 2 after they mine some more, or when their mining farms become more obsolete as diff jumps
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Every time I see this, I LOL..... lmao |
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KNC Cloud is about 100% markup:
Lets assume their machines are: .7 watts efficient. Electricity cost .10 Diff jumps 15% BTC price $400-405
For customers:
This isnt too bad considering ROI is only 20% under even, which no asic machine on the market can even come close to claim. Basically customers are paying $250 for .5 btc
Should make customers (payout from KNC) .5 btc in those 6 months with no electricity cost which is about $200-205 now.
For KNC:
Eating the electricity they only mine about .2 btc ($80) but they also pocket your $250. SO its about plus $130 after paying customer .5 btc ($200 value)
400GH/s BTC cloud mining
C400
400 GH/s for six (6) months at 249 USD ≈ 0.6 USD/GHs
(≈ 41USD if calculated as a monthly expense).
This is powerful Bitcoin mining made easy.
Our 24/7 polar night, midnight sun location features:
* No fiddly maintenance - set it and forget it.
* Up-to-the-minute stats with graphs on mining history.
* Individual payout threshold settings.
* One-click calculation of sharing balance among addresses.
* Split payouts onto multiple addresses automagically.
* Statistically stable output with KnC:s 10+PH/s Clear Sky Pool (PPS).
* No hidden fees (no setup costs, no maintenance fee, no pool fee, no electricity fee). The price we market is the price you pay.
* No ”+-5% fluctuation” (we absorb fluctuations with our margin mining on top of the pool) - the gigahash you pay for is the gigahash you get.
* 2-factor authentication & SSL-protection.
All applicable costs are included in the packaged contracts. The price we market is the price you pay.
These online mining contracts are payable in bitcoin and litecoin and sold as full 6-months packages. Activation immediately upon full payment is confirmed by our staff. This offer is only available in select territories (we're working to expand that list) and for a limited time. When ordering our web shop will alert you if you're ordering from a territory to which we can not yet deliver.
$ 249.00
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Arctic MX or Arctic Silver
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and 36 Billion difficulty coming
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Dumb asses, would have avoided the problem by adding 2 power ports tot he board instead of 1.
OR maybe this was their strategy all along to delay the rest of the production line.
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i'd like to remind everyone that if you buy bitcoin and it goes down on you, you can and should delaire capital loss. today is a good day to buy.  You can only declare capital loss if you sold it. If you sold it then it means you were scared about the price loss from when you bought it. Assuming you sold it and it went down more, one could say they saved money by buying back in at a lower price. |
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"We Are Fuc*ed" I repeat We Are Fuc*ed"
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Its on fire now, up 40 points
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At $378 was $100 under daily EMA, relative bargian
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