Halving is coming next year, is it time to invest in more miners?

[Sixt5]

Price of BTC could double, could triple, could fall to nothing it's all a gamble.. I'm currently mining .07 a day and would hate to mine half that at the current price.

What are you doing to prepare? I currently have one sp30, 9 s3 and 1 s5.

[BitcoinNewsMagazine]

Unless you have free power it would make sense to invest in the most power efficient miner you can buy, and at present that would be S7. If you do not have free power what is your cost per kWh? Hashnest charges flat fee of 9.71 cents per kWh for hosted S7 hash at Hashnest. If your power cost per kWh is less than 9.71 cents you should run an S7 at home, if you can handle the noise and have a dedicated circuit for the miner. If your power cost is over 9.71 cents/kW/h (and most locations are) you should just buy S7 hash at Hashnest. Check your power bill for kWh cost.

[notlist3d]

Unless you have free power it would make sense to invest in the most power efficient miner you can buy, and at present that would be S7. If you do not have free power what is your cost per kWh? Hashnest charges flat fee of 9.71 cents per kWh for hosted S7 hash at Hashnest. If your power cost per kWh is less than 9.71 cents you should run an S7 at home, if you can handle the noise and have a dedicated circuit for the miner. If your power cost is over 9.71 cents/kW/h (and most locations are) you should just buy S7 hash at Hashnest. Check your power bill for kWh cost.

Personally I would wait and see underclock on Avalon 6.  No one has shown what it can do yet.  Until we see it hard to say what is best.

I expect soon someone will have an Avalon 6 and show us hoepfully a good underclock. The 4.1 was amazing on underclock hopefully the 6 will be the same.

[Sixt5]

I do have free power but it's limited so I cannot abuse it. I'd like to stay at my current limits.. Best case I would sell my s3s and get s7

[Amph]

I do have free power but it's limited so I cannot abuse it. I'd like to stay at my current limits.. Best case I would sell my s3s and get s7

better to go with the s7, even with free power, because s7, have a better resell value in the future, this is a big advantages

in the casethe price will not skyrocket and you need to sell your miner to have your roi

[TECHNO55]

We don't know yet. Probably the bitcoin price will skyrocket again and you will get break even or even can be able to get extra profits with your current miners. If mining business is still profitable, more resources will be put into this industry.

[lumeire]

I do have free power but it's limited so I cannot abuse it. I'd like to stay at my current limits.. Best case I would sell my s3s and get s7

You're pretty lucky. I'm mostly mining on Hashnest, electricity here is so damn expensive plus it's really hot especially in summer. Figured I'd just invest all the btc I have and will have in Hashnest up until next year, like 1 month or so before the expected having.

It's all in, if the price doesn't rise up and goes the other way around I'd be dead.

[Mickeyb]

We don't know yet. Probably the bitcoin price will skyrocket again and you will get break even or even can be able to get extra profits with your current miners. If mining business is still profitable, more resources will be put into this industry.

Exactly, I would also wait and see. Mining is full of uncertainties and it will be even more uncertain with the halving that approaches. Mining market dynamics are changing very fast and you can easily lose a lot of money if you make a bad decision.

[gkv9]

It ain't easy to just decide what you should do today when you know that the values you are going to get for that thing is uncertain...
Just wait and watch, don't go ahead blindly...

[QuintLeo]

There will probably be a jump in Bitcoin pricing a month or so before the halfing, but it will then recede some (likely retaining SOME of the bump) a month or two afterwards.

 I don't anticipate it doubling (though it wouldn't shock me), more like a 60-70% peak jump I'm guessing, then back down to 30-50% higher than pre-bump as a "stable" price over time.



 ALL predictions are speculation though, and many things can happen to make even GOOD speculation look bad in 20/20 hindsight.

[ALToids]

Irrespective of what happens to the price, the amount of bitcoin earned per block will be cut almost exactly in half (since fees are variable).  The value of the coin may change compared to fiat but unless your operating costs get cut many will have to bow out.

[CryptoBjorn]

I think it is a very good time yes. BTC has grown enormously so either the supporters or the whales will keep the mining profitable and sustain the network.

Meaning if current price don't change by then.. BTC will be changed forever..

[nwfella]

Irrespective of what happens to the price, the amount of bitcoin earned per block will be cut almost exactly in half (since fees are variable).  The value of the coin may change compared to fiat but unless your operating costs get cut many will have to bow out.

Come on bitcoin.  You've got about 8.75 months to double or triple your value or the proverbial !@#$ is going to hit the mining fan and splatter a whole crap-ton of fecal matter on miners walls the world-over.

I myself wouldn't invest in any miners until after the halving honestly.  Far better to see what your prospective ROI will be once the halving has already occurred, and who knows, bitcoin has just as much chance of being worth far less than it is today as it does rocketing to the moon at this point imho.

[HarryKPeters]

I will buy some more miners come january. With the halving i can't see bitcoin price go back to 250 again so with a s7 miner it is profitable for sure.

[Brob12321]

If the LTC block halving was any indication of what is to come, it doesn't look like BTC mining will be very profitable.  For those who don't recall, the Litecoin price stayed pretty much steady the difficulty went down like 5% and then jumped back up to prehalving difficulty like the next week. 

[adaseb]

If the LTC block halving was any indication of what is to come, it doesn't look like BTC mining will be very profitable.  For those who don't recall, the Litecoin price stayed pretty much steady the difficulty went down like 5% and then jumped back up to prehalving difficulty like the next week. 

LTC is a bad example. The miners are much more efficient on electricity then BTC miners.

But the price did double compared to what it was prior to the halving.

BTC Difficulty will NEVER come down but the price might double.

[HarryKPeters]

If the LTC block halving was any indication of what is to come, it doesn't look like BTC mining will be very profitable.  For those who don't recall, the Litecoin price stayed pretty much steady the difficulty went down like 5% and then jumped back up to prehalving difficulty like the next week. 

LTC has by far not as much interests Bitcoin. It is a cheap rip off in my perception. Currently a near 5 billion market vs a 137 million market cap.

So yes to be real, there is no comparison here. WIthout a price raise dozen of big provides will be bankrupt in no time; bitmain,spondoolies etc.

[ivanst776]

If you think to invest then i think that the best time is now, get a little profit and watch what will happen at the halving period, many miners will quit so the difficulty will be decreased too.

[vortexz]

I don't see the difficulty decreasing right now it's sky rocketiiiiing

[Searing]

I don't see the difficulty decreasing right now it's sky rocketiiiiing

Folk seem to be coming out of wood work to 'buy' one or both of my KNC Titan 350mh Scrypt Miners (now doing LTC) to convert to BTC.  Just turned down 8 BTC for one.
So maybe from that sense of converting LTC to BTC mined you are correct on your 'halving' premise.

Then again only thing that I know of coming out to compete with the Titans on such a way to get BTC is the 'Alcheminer II" and at 512 mh for $4950 usd and 1150 watts...IN SIX MONTHS!
they seem to think they can ROI and sell them then at that price/speed

Damn! I hope they are correct my 2 KNC 350mh Titans at 1250w each will play nice just FINE in such a senario ..if SIX MONTHS FROM NOw this 'utopia' were to occur....

me I don't see it

On the other hand I'm pretty sure ..with BTC halving coming up I could get maybe 8 btc or more out of one of my Titan units yet next year after electric...and the halving..and
my 'unicorn view' of btc (and connected ltc) price increase

but again..most folk are shooting for used scrypt miners and then converting LTC to BTC as more eff then just a used home btc miner

only angle I see ...btc miners just don't seem that attractive to folks at the diff and price points they are trying to sell with now

anyway my 2 satoshi's (not like i know wtf is going on with crypto either)