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JohnDoe3490
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January 09, 2018, 12:35:39 AM |
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If a lot of BTC miners are taken offline in China, that would result in the difficulty going down correct? Wouldn't that mean more profit for us regular miners?
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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kenji
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January 09, 2018, 12:39:49 AM |
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If a lot of BTC miners are taken offline in China, that would result in the difficulty going down correct? Wouldn't that mean more profit for us regular miners?
Assuming they wouldn't plug them back in somewhere else, in theory yes the difficulty should drop leaving more profit for everyone else. In reality the operators would probably just move them somewhere else and get back up and running there and not much would change. |
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accssg
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January 09, 2018, 12:42:34 AM |
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In theory yes, the difficulty goes down.
But I think it will only last 14 days, you can reconnect quickly.
I believe that a farm moves in 1 week, bringing in parallel.
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ricknamer
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January 09, 2018, 01:16:28 AM |
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, they make money, but how much longer will they continue producing $30/day? Newer, faster machines are being released by competitors, difficulty will continue to rise, and Bitmain somehow thinks that justifies doubling the price? By the time the March batches deliver you could very easily be looking at a 200 day ROI on a $2600 machine (by the time you include shipping & PSU - not to mention any import taxes you may have to pay).
No one knows what will happen. These could be making $5 a day in march or $50 a day. They could be worthless before you even get them or they could be selling for $12,000 on eBay and you couldn't get your hands on one for 6 months. The question is are you a gambler? That's the exciting part for me, because I truly do believe in crypto and it's future potential. That belief has allowed me to mine no matter what. In the unlikely event that bitcoin tanks way way way down and these things cost more in electricity than they generate in bitcoin, I'll still be mining, because I know that I'm getting bitcoin for cheap before it eventually goes back up. I love it, it's a win/win no matter what  There's a smart guy. Short term blips mean zip...all about the long run.
I like this. |
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leowonderful
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Bitcoin FTW!
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January 09, 2018, 01:27:15 AM |
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Hardware that's turned off will still likely be eventually sold and powered back on. However long it takes for those miners to come back varies, but difficulty will almost always move upwards in the long run. Even if it becomes no longer viable to mine in one country, there's no reason to let miners sit and collect dust.
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CrypotoCreanis
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Don’t do a screen name after 4 glasses of Chianti
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January 09, 2018, 01:45:04 AM |
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Hardware that's turned off will still likely be eventually sold and powered back on. However long it takes for those miners to come back varies, but difficulty will almost always move upwards in the long run. Even if it becomes no longer viable to mine in one country, there's no reason to let miners sit and collect dust.
This is a point that I can not seem to get people to understand. They are all too concerned with ROI on the equipment cost. If you pay close enough attention to the difficulty, coin price, etc. you will be able to sell the hardware long before it is "worthless". At the point you should hopefully have also made enough mining income to take the resale proceeds and some of your earnings to upgrade to whatever is next. |
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AriesIV10
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Mine for a Bit
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January 09, 2018, 01:56:21 AM |
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If you have S9s and want to sell them, Let me know. I am usually needing more.
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halfmil
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January 09, 2018, 02:15:47 AM
Last edit: January 09, 2018, 03:02:06 AM by halfmil |
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John Mcafee may be a crazy ass but he is right and I believe him when he says "I never lose bets".
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mullen490
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January 09, 2018, 02:34:20 AM |
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John Mcafee may be a crazy ass but he is right and I believe him when he says "I never loose bets".
I'm pretty no one has ever loosed a bet. |
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VRobb
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January 09, 2018, 02:36:31 AM |
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John Mcafee may be a crazy ass but he is right and I believe him when he says "I never loose bets".
I'm pretty no one has ever loosed a bet. 3rd time's the charm: I'm pretty sure no one has ever loosed a bet.  |
I don't believe in superstition because it's bad luck: 13thF1oor6CAwyzyxXPNnRvu3nhhYeqZdc
These aren't the Droids you're looking for: S5 & S7 (Sold), R4B2, R4B4 (RIP), 2x S9 obsolete, 2xS15-28, S17-56, S17-70
Pushing a whopping 1/5 PH! Oh The SPEED!!!
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halfmil
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January 09, 2018, 03:01:33 AM |
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damn auto correct.
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VRobb
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January 09, 2018, 03:18:58 AM |
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LOL |
I don't believe in superstition because it's bad luck: 13thF1oor6CAwyzyxXPNnRvu3nhhYeqZdc
These aren't the Droids you're looking for: S5 & S7 (Sold), R4B2, R4B4 (RIP), 2x S9 obsolete, 2xS15-28, S17-56, S17-70
Pushing a whopping 1/5 PH! Oh The SPEED!!!
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kenji
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January 09, 2018, 04:20:38 AM |
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S9 in stock: 13.5TH/s, March 1-10, 2320 USD
L3+ in stock: 504MH/s, March, 1536 USD
No warning from Bitmain on twitter either. Thank god for the telegram bot that someone wrote a few weeks ago, I knew within 5 seconds!
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minertwenty49er
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January 09, 2018, 04:28:12 AM |
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telegram kicks ass..absolutely no other warning.
got two s9s FINALLY..lot of no sleeping to get one ..lol
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livfreely
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January 09, 2018, 04:32:04 AM |
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AWESOME!!!
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kenji
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January 09, 2018, 04:32:22 AM |
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telegram kicks ass..absolutely no other warning.
got two s9s FINALLY..lot of no sleeping to get one ..lol
I love that dude who wrote the bot for Telegram, he rocks. |
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mustangy
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January 09, 2018, 04:32:57 AM |
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bitmain on sale jump guys
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always have antminers and psu for sale please dm
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rizla.plus
Jr. Member
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January 09, 2018, 04:33:17 AM |
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If a lot of BTC miners are taken offline in China, that would result in the difficulty going down correct? Wouldn't that mean more profit for us regular miners?
If they're not turned back on elsewhere, which I assume would be the case. However, could it lead to lots of used S9's being sold off? Farms that don't have the opportunity of relocating would have to sell their miners, no? |
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kenji
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January 09, 2018, 04:34:07 AM |
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bitmain on sale jump guys
S9 just sold out after 9 minutes but there are still L3+ units left. |
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Scrappy Do
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January 09, 2018, 04:35:03 AM |
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They gone....
Scrap'
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