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November 08, 2013, 05:21:21 AM |
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Looking at +-30% increases every 2 weeks in hash difficulty, within 7 months GH/s true value will be 1000% less then it is today.
Taking the most powerful mining piece of HW the CoinTerra TerraMiner IV 2000Gh/s with 1200W power. The first ones only arrive mid January at a cost of $5999.
By July you would have made $87 profit overall and August you actually start losing money to power vs GH generation costs.
The above is assuming a $350 price by next year August, it also means it will be far more wiser to spend the money directly on BTC as opposed to mining HW.
Cex GH/s
Currently traded price of .10527 is absolutely outrages especially with the maintenance costs being added from today. That is over $30 per GH/s which means even cloud miners are offering
a lot better value at this point. The GHS/BTC would need to drop to .05 to make a profit and .6 to break even at current hash rate.
By August next year it would need to be traded at around .005 in order to make profits.
Which brings me to the question is GH/s going to continue trading independently of it's true value? I think it will for awhile as more and more naive people get into mining and also won't
be prepared to cut there losses so easily when it comes to selling them.
However I believe with the pressure of 30% hash increases it will become blatantly obvious to even the most absent of logically minded individuals that they have made a terrible investment.
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