guess you didnt get the memo
bitmain S15's new release
bitmain S9's on discount
canaans avalons on discount
minings not dead.
most efficient miners have a mining cost of $3100
bitcoin price is $4k. so its profitable to mine
what your not realising is yes those who bought s9's in 2017 at $2k mathematically are not breaking even IF you put those numbers to 2018 stats. but those S9's had a year to get funds in. so what they are mining with now is rigs that paid off the hardware cost and now just paying off the electric. which at 5cent a kwh is still profitable
the reason hashrate drop is because farms are swapping rigs to the next gen asics.
EG for every two S9's they can swap it for one S15
2xs9=2.6kwh usage
1xs15=1.6kwh usage
so same hashpower less electric
going one step further. to prevent a hash spike like 2013 that just shot them in the foot with a two year limp. they are being smart.
for every 8 units they are not swapping for 4 next gen. but instead 3 units. to make the difficulty go down. so that they can still mine for less cost. instead of the endless cycle of trying to push and fight for more power
......
transaction servers?
um you do realise that an asic does not even have a hard drive and does not store the blockchain right. they are just glorified calculators tasked with only one job. calculate a hash from another hash.
ASICS do not collate transactions. they do not list them as a block
a node does that. and then a node creates a hash for that block. then the node sends a hash to asics and then the asic calculates a new hash from the first hash.
emphasis mining is nothing to do with transaction collation/block formation
learn the difference between a ASIC farm and a node
......
anyway this is all just temporary drama. just wait until the big main batches of mining rigs get delivered in the last week of december. and the hashclimb really begins. which then affects the market/mining value equilibrium to put some buy pressure on the markets
...
your last point about re-deploying asics to brute force old bitcoin addresses .. seriously.. addresses are ecdsa
asics are ONLY SHA256
that like trying to crack math using emojis
whattomine.com quotes -1$/day return on s-9 antminer, at 0.010 cents/khw, that's a better price than anywhere I know,
U talk what of S-15, the price of s-9's are so low they're almost free,
Pls don't talk bullshit,
ASIC's are just the chips that are used in ALL the miners today, first it was cpus, then gpus and then asics, that's how its done, an s-9 is just a box full of asics, then thing is BITMAIN makes all the asics for all crypto, not just bitocoin, but still address the issue,
If mining is not popular, then how are the transactions to be processed?
don't talk shit about newb this or that answer, the question
s-9 generates -$1/day, I don't see no s-15 on bitmain.com where I go, maybe its a make believe hardware where you pay now, and get in 5 years, like is typical of bitmain,
so what is the speed of this s-15? the s-9 is 14t/sec
do you have this s-15 or are your just talking shit?
I get email everyday offering me antminer s-9's for $100 here in ASIA, so I know they're being dumped,
