Interesting time in mining. It looks like we lose around the difficulty we gained on Mar 8th.
I just hope BTC goes back to 300's in a reasonable timeframe.
I still think the big guys are holding back from dropping 3 or 4 million on a new chip super farm.
Basically Bitfury made a lot of money and then shut down gear.
While they can make a .25 watt /gh machine
I think they are afraid to commit the 3-6 million need to make a 20-40ph farm at the current btc price level.
This is a good thing. I am hoping for 11-18 months between gear.
the s-1 was nov-dec 2013----------------------------- 2 watt gear
the s-3 was june- july 2014--------------------------- 0.8 watt gear
the s-5 was nov-dec 2014--------------------------- 0.5 watt gear
the s-6 or s-7 has been mentioned for later then june 2015 I read this here:
https://bitcointalk.org/index.php?topic=902305.msg10826237#msg10826237So say the s-6 comes out in July and is 0.38 or 0.4 watt gear
Then in sept the s-7 comes out at .3 watts
We are seeing a mature asic industry unfold.
This reminds me of the intel cpu's once sandy bridge arrived pc's are so good the next two gen's pushed us into little mini pc's
Anyone with an i7 2600 cpu in a desktop has no need for an i7 4790 desktop.(90% true not 100%)
So to drive sales the pc industry is pushing tablets and mobile gear over desktops.
So if you have a .4 watt asic replace a .5 watt asic what is your gain?
I do wonder how this plays out.
I would not mind rocket to the moon on btc to 2000usd. It would wake everyone up.
I think we wander around in the 200-300 price slot and in the 44-49 diff range for months to come. I can live with that.
Well said Philip like always.
Im pretty sure right now the company are waiting to see the next 2 or 3 difficulty jump to see if they want to invest more or not.
I will be more than happy if we can stay between 44 and 49. That will give us a break and use our miner a little bit more.
The last 2 years was a race to buy, mine, sell the newest miners.
As for the price, if we stay at this diff, I think we could see a stable grown. Less fluctuation will also help people to get in Bitcoin.
Will see but right now, Im happy with the -1%