That network hashrate has been bonkers lately. I really am starting to believe that bitmain is "testing" some new miners. What do you guys think?
Likely...I got out of mine at 5,350 USD sold the equiv of 16 L3+'s with Bitmain PSU's ..and feel lucky I got that...
but that was my bet...Bitmain being evil and all ..new equipment...thou if they are using the R3 chip like their USB hub miner there will not be THAT much
of a hash increase...we will see
but again I'm out (whew!)
brad
I actually just picked up an A4+ (becausse screw bitmain), and its been making a profit with low energy costs. But something is definitely funky...I saw bitmain tweet out today about a new transparency initiative. Its pretty laughable but we will see what happens in the next few months. I'll be mining until then!
I have a 'theory' on pow-scrypt mining right now
1) You 'probably' should take the money you have, that you want to apply to ASIC's from anybody, and just HODL it in the crypto of your choice
and hope for a pump...unless BTC goes from 8k to 10k well what is the point of getting equipment NOW..you take that cash now ..put it in an equip fund
and wait maybe for the next generation of miners (or not) and stay away from pre-orders....with bitmain mining pow scrypt in the meantime with new equip that don't work at all.
say you toss in 4K ...if it does go to 10k you now have 5k then you can look around and test the waters..but YOU don't have to put it in equip at that point...choices..
2) doing it this way...IF BTC dumps back to 6k say...you likely should not have gotten a miner of any ASIC flavor anyway...and you have either cash or crypto for your troubles
not a 'doorstop' miner. So, if I'm making sense, IF you are betting on a PUMP to make mining work and get an ASIC miner, make the coin work for you and ride it up ..then make your
decision at say a 20% gain in value (hopefully) and cash or whatever to use ..as the 'fund' towards next-generation equipment (which has it's own figuring out if worth it)
and again...if it dumps back to 6k you will be glad you did the above..in that you are not holding the bag on a doorstop or pre-order.
3) Myself, UNLESS I am 'excited' about a product like I was this last April on L3's from China with LTC at 4.15 a coin or something where I see it as something, to do. I really need to do
...I will simply take out a 4-8k loan from the bank and do it that way....not touch my crypto. In other words, if it is NOT worth a 'bank loan' to do. Then don't!
The logic has to follow the risk.
4) You probably should just HODL the coin...at least IMHO till next year or next generation ASIC stuff with ASIC makers taking your coin and you get it as a pre-order 3-4 months later and
the Bitmain monopoly..driving the difficulty up ...while they mine the new equipment in the meantime...well that ain't gonna fly anymore..have a plan.
5) also in my view, as a toy, I'd likely only be interested in FPGA type of machine like Baikal x10 or some such ..1 shot pony, 1 coin miners of BTC etc...just don't
cut it for me anymore...modifying the miner for making mining new algos they can program is attractive...not sure it will happen, but attractive.
e) IF you have stuff in the attic that you will die with ...and want to make the attic a rec room and get say 4k that way....and use it to fund a wild shot at a
miner go for it...No risk...make your attic (empty) into a rec room and the house value goes up 10k or something. (I should do this) that kinda logic works for this.
but anyway, my take on this...I will have to be 'woo'ed' flowers/candy/romance/dancing....not gonna just fall on my back and let Bitmain have their way with me anymore
just saying
If the math/timing etc don't work well enough, for me to go to the bank (like I did this last April 2017 for 12k and get L3's etc) ..
then it probably is not worth getting the miner, any miner, any mnfg, any ASIC flavor...ie I take my 'crypto' ball and go home.
These days, as they pop out ASIC miners from 'everyone' like toasters.
So if the price is gonna go from 8k to 10k 'save' crypto etc as above. Then consider a miner after you maybe build your stash say 25% or some such on the pump.
If BTC price goes 'sideways' at 8k ...again, no need to get a miner, more reason to wait for next generation or other types of miners/ASIC's or whatever.
IF BTC dumps in price to 6k. Obviously, getting a miner before that would be a 'regret'
Also, I use BTC here as a payment option, and the fact Altcoins follow the price of BTC up/down/sideways..but the HODL coin options work for any crypto with the above
I need motivation enough that I go to the 'evil' banker again and take out a LOAN, if that doesn't cool my jets, then ya, likely I should get the miner.
Again, I have to be 'wooed' damn it!
anyway, my take
Brad
