End of Big Miners

[MerchantMiner]

With The Difficulty Increasing and rewards dwindling dose it makes sense to spend Big Money on expensive miners when they will barely make there ROI, just buying the coins from an exchange makes more sense?

£5000 / £10,000 as an investment i would buy the coins.

For Company's who make Mining technology there costs are instantly high , company rates , employment costs, energy costs,Taxes ect ect ect, there products devalue faster than a Ferrari driven off the forecourt !!! already Ive seen many BFL jalapenos barely get the asking price and the 30G 60G getting cheaper and cheaper with 60Ghash becoming the basic entry level to mining. 

SO what happens when these company's close down and we don't have any more new mining boxes to pre order or purchase? the KNC miners are burning out BFL power Supplys are Burning out and a host of other issue with the other tech i keep reading about, because of greedy people rushing this tech out the door. I know electrical equipment is prone to issues but with such low Volumes having 50 units fail is a larger % compared with a GFX Producer who makes millions of Units having had there RnD spend years tweaking the product with Millions of $ spent on quality control. 


Im starting to see the downfall of the tech because of the price nothing else!



End Of Big Miners..........You Tell Me ?   

[ZetaOS]

With The Difficulty Increasing and rewards dwindling dose it makes sense to spend Big Money on expensive miners when they will barely make there ROI, just buying the coins from an exchange makes more sense?

£5000 / £10,000 as an investment i would buy the coins.

For Company's who make Mining technology there costs are instantly high , company rates , employment costs, energy costs,Taxes ect ect ect, there products devalue faster than a Ferrari driven off the forecourt !!! already Ive seen many BFL jalapenos barely get the asking price and the 30G 60G getting cheaper and cheaper with 60Ghash becoming the basic entry level to mining.  

SO what happens when these company's close down and we don't have any more new mining boxes to pre order or purchase? the KNC miners are burning out BFL power Supplys are Burning out and a host of other issue with the other tech i keep reading about, because of greedy people rushing this tech out the door. I know electrical equipment is prone to issues but with such low Volumes having 50 units fail is a larger % compared with a GFX Producer who makes millions of Units having had there RnD spend years tweaking the product with Millions of $ spent on quality control.  


Im starting to see the downfall of the tech because of the price nothing else!



End Of Big Miners..........You Tell Me ?  

Well miner corporations will stop producing whit in a year of now.
I guess the Diff will be >911.000.000 on 8 of January 2014, its make no sense to build mining equipment whit that kind of difficulty.  
After a while the miners that are still working will get more and more rare...final they will sell for a lot of cash on eBay ;-)
 


 

[BTCLuke]

Do you even economics, bro?

The price of bitcoin is going to go up, you know... 

[LilGhost]

Popularity goes up, difficulty goes up, average bitcoin per user goes down, price per bitcoin goes up. Thus the small reward even my hobby 4 GH/s rig pulls currently will be valuable as soon as the difficulty has been up for a couple of months. Some basic economics.

[Samir_H]

Price is not going up, not even at close rate as difficulty. For how long it's around 130$?

[MerchantMiner]

Do you even economics, bro?

The price of bitcoin is going to go up, you know... 

Yes i do Ive studied it in depth and you ALL may want to pay attention to the very imminent collapse of the US dollar http://www.youtube.com/watch?v=4hgA9j-4dB0

first you have to understand that all components of this are connected you cant change one with out effecting the other something you seam to have forgotten or just didn't realize!
with the diff changing it will take 100Ghash to achieve what you get with 1Ghash today then 1Thash to get what you have archived with 100Ghash ect ect ect , how do you get to 1Thash if the big players stop making the Big Miners? how many block erupters for that , how much electric will that use and again its down to ROI as electric prices continue to go up , theres only so much you can run with a solar panel before you become a solar farm! by the end of this year i can imagine a BFL Avalon selling for 1/4 its price today and thats a good thing i will buy as many as i can as im in this for the long long long game as you all should be aswell. I agree the single price of a bitcoin is going to go into outta space , mid next year will be around £1000 - £5000 per coin so to mine one coin how much equipment would you need? before the crash of 2008 1oz of gold was £285 a couple months later it was £1200 ish

tell what you think the future of bitcoin mining is?

Big Miners Shutdown?
Exodus of miners and the hash drops?
Diff Drops and were back in the game ?
Price Of bitCoin Gose up and up and dosnt stop?
world bank/European central bank/ Crushes bitcoin?

[MerchantMiner]

Do you even economics, bro?

The price of bitcoin is going to go up, you know... 

Also (Do you even economics ) what dose that mean?

[Hiroaki]

You forget one thing. Technology is improving massively.
There will be much more efficient chips available...

[Samir_H]

We'll see how profitable they are gonna be.

[timk225]

Bitcoin will not have a huge price increase, it will not even get to $200 again.  Watch and see, keep your money out of BTC!

LiteCoin is poised to pop way up soon.

[MTBmanTT]

Tech moves forward in both speed and efficiency as well.. 

the big names we know now, may or may not be around in the future. Thats not to say that some other name wont be there to step up and replace them with the next generation of faster, more efficient hardware. Question is, who will be it or who will be the monopoly. 

[balanghai]

This sounds idealistic. But in the world of capitalism, it's hard to guess what the companies have in mind. And remember china is joining the fray now so expect more china made miners. And it would be very dirt cheap.

[Pumpkin]

I think in the future small ASIC miners should have an advantage.

It's much easier to operate 1000 distributed 2 kW miners than one at 2 MW. If you're mining at home, you can also use the heat.

[cowandtea]

Bitcoin will not have a huge price increase, it will not even get to $200 again.  Watch and see, keep your money out of BTC!

LiteCoin is poised to pop way up soon.

What makes you think bitcoin would not have huge price increase. People said that when bitcoin is at 1$ also.

[Samir_H]

This sounds idealistic. But in the world of capitalism, it's hard to guess what the companies have in mind. And remember china is joining the fray now so expect more china made miners. And it would be very dirt cheap.

What china miners? Posta some links...

[overunity]

The great thing about a market not controlled by corrupt governments and central banks is that there will be natural price discovery .


The natural cycle for the life of bitcoin will look like :-

The Start .

Market price rising  = mining profitable .
Mining keeps growing but market lagging behind = mining unprofitable .
market grows,price increases = mining becomes attractive people grow there mining pools new miners attracted .

For a virgin market .

Price and miners will find a natural equilibrium .

What bitcoin needs at the moment is for market share and adoption to increase to make current technology viable to use .

There currently is no need to increase the hash rate to support the tiny market share bitcoin has ,all that is happening is that mining manufacturers are on a suicide mission

[PrintMule]

Bitcoin will not have a huge price increase, it will not even get to $200 again.  Watch and see, keep your money out of BTC!

LiteCoin is poised to pop way up soon.

It's going down. At least with btc you have some "guaranteed value" while litecoin is kept on on "simple interest".

Although I would prefer litecoin blocksize and confirmation speeds to bitcoin anyday

[timk225]

Watch and see.  Mt. Gox is about to add LTC to its list.  I have inside information.

If I were you, I'd be buying up LTC right now, like this one on ebay:

http://www.ebay.com/itm/ONE-HUNDRED-LITECOIN-crypto-currency-available-NOW-100-LTC-/131015977682?pt=US_World_Coins&hash=item1e81292ad2

[ishkur]

Watch and see.  Mt. Gox is about to add LTC to its list.  I have inside information.

If I were you, I'd be buying up LTC right now, like this one on ebay:

http://www.ebay.com/itm/ONE-HUNDRED-LITECOIN-crypto-currency-available-NOW-100-LTC-/131015977682?pt=US_World_Coins&hash=item1e81292ad2

Only a fool would buy at those prices

Here is a much better/cheaper option which will save you $385.00

http://www.coin-daddy.com/#!product/prd2/1097137491/coin-daddy-silver-package-3

[timk225]

That's what I'm hoping for, a FOOL to come along on ebay (it's MY auction!  )

There's people dumb enough to continue buying ASICs and USB Erupters, so maybe I can find a moron to pay me nearly 3X the going rate on some of my LTC!