hmm mining profitability this year? Will it drop like oil price?We need an OPEC?

[stompix]

Huh? wat u talking about. All my predictions have been right.

How about we do it like this...
Since it's obvious predictions should be made before the event, and you say that miners are not selling anymore, mining is dead, can you tell us at what hashrate (of difficulty) bitcoin mining will have its peak?
This should be really interesting.

Now back to the OPEC story and comparison...
If you think that losing 2% market share to stabilize the price and let your competitor just make more money while you lose millions it's the best idea than I would have to concede defeat on this.
Saudi Arabia has proven in the past why making cuts to drive price up is a really bad idea.
But this time the whole OPEC will feel it... hot and heavy, deep and deeper.

PS.
I'm asking for another piece of info from you, sorry for being greedy...
How many people in this world (that are not into mining), do you think CARE about the finances of bitcoin miners if they do profit or not and how many about it being decentralized?

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[Sandal_Hat]

Huh? wat u talking about. All my predictions have been right.

How about we do it like this...
Since it's obvious predictions should be made before the event, and you say that miners are not selling anymore, mining is dead, can you tell us at what hashrate (of difficulty) bitcoin mining will have its peak?
This should be really interesting.

Now back to the OPEC story and comparison...
If you think that losing 2% market share to stabilize the price and let your competitor just make more money while you lose millions it's the best idea than I would have to concede defeat on this.
Saudi Arabia has proven in the past why making cuts to drive price up is a really bad idea.
But this time the whole OPEC will feel it... hot and heavy, deep and deeper.

PS.
I'm asking for another piece of info from you, sorry for being greedy...
How many people in this world (that are not into mining), do you think CARE about the finances of bitcoin miners if they do profit or not and how many about it being decentralized?

Hmmm mining supply increases and halving for ltc/btc is in late 2019/2020. However, btc difficulty doubling in 2 months from 1.4T to 2.8T is a halving on its own lol. Btc didnt double in price but difficulty did. Threat of new supply from dragonmint and new stronger asics are ever existing and higher since there are more players now. Any rise in btc is countered by rise in difficulty since mining equipment is in high available supply and quick delivery unlike in the past when they were sold out. Oh well. Even if btc shoots up, the holders will make money. The miners will not because tons of miners can be sold and delivered quickly. People will collectively buy with the hope and assumption that difficulty will not rise so much but it will. And it wont be is the same craze as when ant S9 was selling at 5-7K usd on ebay when btc is at 18-20k because there are avail miners from manufacturers now.


Dots... I guess no point arguing with u since u hell bent on winning an argument with bs. It is already clear cut that mining has taken a turn for the worst, as predicted.... People cant even sell coupons for miners at 25% of coupon price lol. The miners can be delivered in the same month now, not 3 months. Holding bitcoin instead of mining in the last 8 months makes like 200+ % more and the trend is expected to continue. Anyways, good luck to u buddy.

[stompix]

Dots... I guess no point arguing with u since u hell bent on winning an argument with bs. It is already clear cut that mining has taken a turn for the worst, as predicted.... People cant even sell coupons for miners at 25% of coupon price lol. The miners can be delivered in the same month now, not 3 months. Holding bitcoin instead of mining in the last 8 months makes like 200+ % more and the trend is expected to continue. Anyways, good luck to u buddy.

Really...
That argument about overfishing of your was not bs...right?
Once we fish all the fish, next year we will have the same amount, right, cause the Easterbunny will just make more!!

But let's see...

Holding bitcoin instead of mining in the last 8 months makes like 200+ % more and the trend is expected to continue.

If you want to play with arbitrary data, then how about his?
Holding bitcoins for the last 3 months and you're down 50% whit if you would have bought miners at that time you would have already made a profit.

Next difficulty estimate:   3,508,548,055,741   +6.62%

Seems like peak oil..mining is nowhere near, even with another 10% drop in price since we last talked.