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Question: Will we see a flood of hardware sales with the new difficulty level (~40% in 4 days) ?
Nothing will change. - 3 (16.7%)
Some ppl might sell their mining hardware. - 8 (44.4%)
Many users are going to sell their mining rig. - 4 (22.2%)
Mining bitcoins is not going to be woth anymore. - 3 (16.7%)
Total Voters: 17

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Author Topic: Hardware sales?  (Read 1489 times)
qed
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March 06, 2011, 04:09:56 AM
 #1

In less than 4 days the difficulty level will be raised by around 40% that imply, giving the same effort, will generate around 30% less Bitcoins. The 1st few hardware sales already appeared on the forum.

What do you think is going to happen the next week?

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MagicalTux
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March 06, 2011, 04:12:29 AM
 #2

You forgot one:

"Price of bitcoin will raise accordingly"

qed
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March 06, 2011, 04:17:56 AM
 #3

You forgot one:

"Price of bitcoin will raise accordingly"

I had a thought about it, but at the end i wanted to keep the options as simple as possible. "Price of bitcoin will raise accordingly" can be included in the "Nothing will change." options.

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Littleshop
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March 06, 2011, 05:01:12 AM
 #4

The price of electricity is no where near the value of the BTC yet.  Once you have the hardware on and running you are not going to turn it off if it is still profitable.  There will be no flood of gear.  Now the expansion of mining effort will slow but not as much as I would like.  More people are going to put hardware they own online as they discover bitcoin, but there may be fewer purposeful purchases of high end mining gear as the expected return falls.

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March 06, 2011, 09:23:35 AM
 #5

The price of electricity is no where near the value of the BTC yet.  Once you have the hardware on and running you are not going to turn it off if it is still profitable.  There will be no flood of gear.  Now the expansion of mining effort will slow but not as much as I would like.  More people are going to put hardware they own online as they discover bitcoin, but there may be fewer purposeful purchases of high end mining gear as the expected return falls.

You are talking about the US, here in Japan it's around 0.34$ for 1kWh, your hardware can be sold for money and, as time passes by, it will lose value. I also don't like to have something hot in my house when outside are 40°C and my air conditioner will have not only to cool the room, but also a 400W PC on.

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BioMike
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March 06, 2011, 11:17:00 AM
 #6

What do you think is going to happen the next week?

Cheap new gaming rig Cheesy

Just joking.
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March 06, 2011, 01:41:52 PM
 #7

The price of electricity is no where near the value of the BTC yet.  Once you have the hardware on and running you are not going to turn it off if it is still profitable.  There will be no flood of gear.  Now the expansion of mining effort will slow but not as much as I would like.  More people are going to put hardware they own online as they discover bitcoin, but there may be fewer purposeful purchases of high end mining gear as the expected return falls.

You are talking about the US, here in Japan it's around 0.34$ for 1kWh, your hardware can be sold for money and, as time passes by, it will lose value. I also don't like to have something hot in my house when outside are 40°C and my air conditioner will have not only to cool the room, but also a 400W PC on.
Very true.  At that price for power I can imagine people shutting down equipment after the next two difficulty increases.

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