Block Halving and Technological Upgrades

[icanscript]

Now with block halving coming it worries me that lots of people will turn their miners off due to lack of profit or no profit what so ever.

Are we due new tech chips coming soon? Do current asics match up to only getting a reward of 12.5 BTC?

I am looking at mining hardware but really unsure whether to wait or not.

[1714858849]

1714858849

[talks_cheep]

Now with block halving coming it worries me that lots of people will turn their miners off due to lack of profit or no profit what so ever.

Are we due new tech chips coming soon? Do current asics match up to only getting a reward of 12.5 BTC?

I am looking at mining hardware but really unsure whether to wait or not.

Don't worry, no one's turning off their miners, did you not notice the btc price has risen to 750? The break-even point is 400 for average miners these days, so they're making 350 in profit.

New tech chips have already come out, did you not notice Bitmain's S9? Current ASICs, including S7 and Avalon 6 will be profitable at 12.5 block reward after the halving.

I think you're worrying needlessly, there's nothing to worry about, miners will continue to mine, most of them are adding more miners, you should too.

[icanscript]

Now with block halving coming it worries me that lots of people will turn their miners off due to lack of profit or no profit what so ever.

Are we due new tech chips coming soon? Do current asics match up to only getting a reward of 12.5 BTC?

I am looking at mining hardware but really unsure whether to wait or not.

Don't worry, no one's turning off their miners, did you not notice the btc price has risen to 750? The break-even point is 400 for average miners these days, so they're making 350 in profit.

New tech chips have already come out, did you not notice Bitmain's S9? Current ASICs, including S7 and Avalon 6 will be profitable at 12.5 block reward after the halving.

I think you're worrying needlessly, there's nothing to worry about, miners will continue to mine, most of them are adding more miners, you should too.

Think I might, The devil on my right shoulder is telling me to spend my BTC on miners and run about 20 of them. The angel on my left is saying, just wait for price rise and withdraw for family

[QuintLeo]

I suspect some S5/SP20 generation miners WILL shut down at the halfing, due to high power cost making them unprofitable.
 S7/A6 and later should remain profitable - that generation at this point is the majority of the hashrate - so any hashrate dip at the halfing should be fairly small, and won't last long.

 IMO the S9 is still overpriced - I'm waiting for competition for it to show up and drive the price down, given there have been A FEW announced 14/16nm generation miners there should be competition fairly soon.

 On the other hand, I'm still waiting for pricing info and final miner specs on the Innosilicon A4 too - so many options once I get moved (I'm got the van mostly packed for my first load "grab stuff I don't need right away and move it, find a place to move TO if possible if not toss it into storage temporarily 'till I DO find a place" planned run, probably will be on the road sometime tomorrow).

[leowonderful]

I suspect some S5/SP20 generation miners WILL shut down at the halfing, due to high power cost making them unprofitable.
 S7/A6 and later should remain profitable - that generation at this point is the majority of the hashrate - so any hashrate dip at the halfing should be fairly small, and won't last long.

 IMO the S9 is still overpriced - I'm waiting for competition for it to show up and drive the price down, given there have been A FEW announced 14/16nm generation miners there should be competition fairly soon.

 On the other hand, I'm still waiting for pricing info and final miner specs on the Innosilicon A4 too - so many options once I get moved (I'm got the van mostly packed for my first load "grab stuff I don't need right away and move it, find a place to move TO if possible if not toss it into storage temporarily 'till I DO find a place" planned run, probably will be on the road sometime tomorrow).

Most people still running S5s are SP20s either have free electricity or extremely cheap electricity (0.01$/kwh) so I don't expect many of those to turn off. The dip will happen, but it's overhyped, and who cares? Lower diff is good. S9's are a great investment right now for anybody- their cost is pretty high,but their performance is good, AND you'll make a good profit before the halving. If you bought B1, you might have made about 200$+ before the halving, which brings the price down a bit. The later batch prices will fall, but at a price.

[tbonetony]

I suspect some S5/SP20 generation miners WILL shut down at the halfing, due to high power cost making them unprofitable.
 S7/A6 and later should remain profitable - that generation at this point is the majority of the hashrate - so any hashrate dip at the halfing should be fairly small, and won't last long.

 IMO the S9 is still overpriced - I'm waiting for competition for it to show up and drive the price down, given there have been A FEW announced 14/16nm generation miners there should be competition fairly soon.

 On the other hand, I'm still waiting for pricing info and final miner specs on the Innosilicon A4 too - so many options once I get moved (I'm got the van mostly packed for my first load "grab stuff I don't need right away and move it, find a place to move TO if possible if not toss it into storage temporarily 'till I DO find a place" planned run, probably will be on the road sometime tomorrow).

Can you elaborate on what "a few" may be?

[icanscript]

I suspect some S5/SP20 generation miners WILL shut down at the halfing, due to high power cost making them unprofitable.
 S7/A6 and later should remain profitable - that generation at this point is the majority of the hashrate - so any hashrate dip at the halfing should be fairly small, and won't last long.

 IMO the S9 is still overpriced - I'm waiting for competition for it to show up and drive the price down, given there have been A FEW announced 14/16nm generation miners there should be competition fairly soon.

 On the other hand, I'm still waiting for pricing info and final miner specs on the Innosilicon A4 too - so many options once I get moved (I'm got the van mostly packed for my first load "grab stuff I don't need right away and move it, find a place to move TO if possible if not toss it into storage temporarily 'till I DO find a place" planned run, probably will be on the road sometime tomorrow).

Can you elaborate on what "a few" may be?

I think he means like bitmain antminer s9 and new bitfury chip

[Gaugh]

Talking about profit margin with the coming halving, I do not think S7 will give as much profit as it used to.