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Author Topic: Bitman hardware more efficency=Price will fall come December.  (Read 431 times)
ANdr0id
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November 10, 2015, 05:19:49 PM
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At the end of this month bitmain (Largest BTC hardware company) is releasing their new hardware. The new hardware is 4x the GHS with less then half the previous power consumption. On top of this most other hardware companies release stock on the first of the month.

What does this mean?
In December thousands of pre-ordered machines will be shipped out, basically cutting electric costs in half for current mining operations.

This is my prediction, sell now to make your profit, or wait until the big december price drop.

Chime in if you want on what your assumptions will be because of this news.
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Amph
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November 10, 2015, 05:24:23 PM
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uh? the total mined coins is fixed, no matter how efficient the new miners are, if they do not need to dump for covering electrcicity(which would get better with more efficiency) it mean that they have no real reason to dump

and btw are you talking about the s7? this is a old story and it was already delivered to multiple farms

anyway the price if it will drop, it has to do more with the demand not considering the current price as a good buy opportunity
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November 10, 2015, 05:28:01 PM
 #3

Same here have seen no mention of any newer miner than S7.

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November 10, 2015, 05:37:17 PM
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Price won't drop if miners make more money due to lower cost... That is totally unrelated..

But, if you really believe this, better sell your holdings now and come back here in December to post in the "your worst mistakes with bitcoin" thread.

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November 10, 2015, 05:39:21 PM
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Same here have seen no mention of any newer miner than S7.
Exactly. What if any firmware would make it run more efficient?

uh? the total mined coins is fixed, no matter how efficient the new miners are, if they do not need to dump for covering electrcicity(which would get better with more efficiency) it mean that they have no real reason to dump

and btw are you talking about the s7? this is a old story and it was already delivered to multiple farms

anyway the price if it will drop, it has to do more with the demand not considering the current price as a good buy opportunity
Precisely. But with places like where I reside electricity is a huge factor when considering which equipment to buy.

The parasite hates three things: free markets, free will, and free men.
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November 10, 2015, 06:02:51 PM
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It's just another shill account original poster that pretends to be doing you a favor, but whose only goal is to try and drive the price down:

So in other words, you're some douchebag making tons of throwaway accounts every day constantly spamming that the price is going to go down and people are supposed to believe you're doing this out of "charity" to help others rather than hidden motives, yea sure, everyone really believes you.

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