bcmine
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April 13, 2014, 06:16:33 PM |
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Over the last year the average increase in the difficulty and hash rate was 23.92% per adjustment period and the average length of each adjustment period was 11.38 days. Assuming the network growth rate over the next year is the same as it was this last year we get: Hash Rate Power Energy Cost Cost Date Difficulty TH/s MW MWh $/Period $/BTC --------- ----------------- ---------- ------ --------- ------------ ---------- 24-Mar-14 5,266,766,872 37,702 38 10,293 $1,029,253 $20.42 04-Apr-14 6,526,449,656 46,719 47 12,754 $1,275,425 $25.31 16-Apr-14 8,087,417,983 57,893 58 15,805 $1,580,476 $31.36 27-Apr-14 10,021,732,041 71,739 72 19,585 $1,958,487 $38.86 08-May-14 12,418,687,065 88,898 89 24,269 $2,426,909 $48.15 20-May-14 15,388,935,546 110,160 110 30,074 $3,007,367 $59.67 31-May-14 19,069,595,359 136,508 137 37,267 $3,726,656 $73.94 12-Jun-14 23,630,579,651 169,157 169 46,180 $4,617,982 $91.63 23-Jun-14 29,282,440,667 209,615 210 57,225 $5,722,492 $113.54 04-Jul-14 36,286,089,639 259,750 260 70,912 $7,091,173 $140.70 16-Jul-14 44,964,841,429 321,876 322 87,872 $8,787,209 $174.35 27-Jul-14 55,719,339,970 398,861 399 108,889 $10,888,896 $216.05 07-Aug-14 69,046,053,494 494,258 494 134,933 $13,493,256 $267.72 19-Aug-14 85,560,193,384 612,473 612 167,205 $16,720,515 $331.76 30-Aug-14 106,024,114,653 758,962 759 207,197 $20,719,656 $411.10 11-Sep-14 131,382,509,124 940,487 940 256,753 $25,675,295 $509.43 22-Sep-14 162,806,015,974 1,165,429 1,165 318,162 $31,816,202 $631.27 03-Oct-14 201,745,262,850 1,444,171 1,444 394,259 $39,425,865 $782.26 15-Oct-14 249,997,832,322 1,789,581 1,790 488,556 $48,855,575 $969.36 26-Oct-14 309,791,245,073 2,217,606 2,218 605,406 $60,540,642 $1,201.20 06-Nov-14 383,885,790,658 2,748,003 2,748 750,205 $75,020,494 $1,488.50 18-Nov-14 475,701,952,889 3,405,259 3,405 929,636 $92,963,576 $1,844.52 29-Nov-14 589,478,312,272 4,219,715 4,220 1,151,982 $115,198,206 $2,285.68 11-Dec-14 730,467,214,878 5,228,968 5,229 1,427,508 $142,750,821 $2,832.36 22-Dec-14 905,177,240,458 6,479,610 6,480 1,768,934 $176,893,352 $3,509.79 02-Jan-15 1,121,673,663,040 8,029,375 8,029 2,192,019 $219,201,947 $4,349.24 14-Jan-15 1,389,950,774,416 9,949,807 9,950 2,716,297 $271,629,732 $5,389.48 25-Jan-15 1,722,393,258,358 12,329,559 12,330 3,365,970 $336,596,970 $6,678.51 05-Feb-15 2,134,347,914,361 15,278,491 15,278 4,171,028 $417,102,794 $8,275.85 17-Feb-15 2,644,832,123,808 18,932,735 18,933 5,168,637 $516,863,657 $10,255.23 28-Feb-15 3,277,411,764,061 23,460,985 23,461 6,404,849 $640,484,897 $12,708.03 12-Mar-15 4,061,289,098,283 29,072,283 29,072 7,936,733 $793,673,336 $15,747.49
What technology jump should allow the xbt to raise with 20% every month? Development of every technology step needs like one year. From 110nm In april 2013 over 55 and 28nm the 20 in June 2014. 14 nm ?? Intel having problems and is not the right deal for 2014. Numbers are highly unrealistic. Fullstop
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samsonn25
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April 13, 2014, 06:31:42 PM |
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Over the last year the average increase in the difficulty and hash rate was 23.92% per adjustment period and the average length of each adjustment period was 11.38 days. Assuming the network growth rate over the next year is the same as it was this last year we get: Hash Rate Power Energy Cost Cost Date Difficulty TH/s MW MWh $/Period $/BTC --------- ----------------- ---------- ------ --------- ------------ ---------- 24-Mar-14 5,266,766,872 37,702 38 10,293 $1,029,253 $20.42 04-Apr-14 6,526,449,656 46,719 47 12,754 $1,275,425 $25.31 16-Apr-14 8,087,417,983 57,893 58 15,805 $1,580,476 $31.36 27-Apr-14 10,021,732,041 71,739 72 19,585 $1,958,487 $38.86 08-May-14 12,418,687,065 88,898 89 24,269 $2,426,909 $48.15 20-May-14 15,388,935,546 110,160 110 30,074 $3,007,367 $59.67 31-May-14 19,069,595,359 136,508 137 37,267 $3,726,656 $73.94 12-Jun-14 23,630,579,651 169,157 169 46,180 $4,617,982 $91.63 23-Jun-14 29,282,440,667 209,615 210 57,225 $5,722,492 $113.54 04-Jul-14 36,286,089,639 259,750 260 70,912 $7,091,173 $140.70 16-Jul-14 44,964,841,429 321,876 322 87,872 $8,787,209 $174.35 27-Jul-14 55,719,339,970 398,861 399 108,889 $10,888,896 $216.05 07-Aug-14 69,046,053,494 494,258 494 134,933 $13,493,256 $267.72 19-Aug-14 85,560,193,384 612,473 612 167,205 $16,720,515 $331.76 30-Aug-14 106,024,114,653 758,962 759 207,197 $20,719,656 $411.10 11-Sep-14 131,382,509,124 940,487 940 256,753 $25,675,295 $509.43 22-Sep-14 162,806,015,974 1,165,429 1,165 318,162 $31,816,202 $631.27 03-Oct-14 201,745,262,850 1,444,171 1,444 394,259 $39,425,865 $782.26 15-Oct-14 249,997,832,322 1,789,581 1,790 488,556 $48,855,575 $969.36 26-Oct-14 309,791,245,073 2,217,606 2,218 605,406 $60,540,642 $1,201.20 06-Nov-14 383,885,790,658 2,748,003 2,748 750,205 $75,020,494 $1,488.50 18-Nov-14 475,701,952,889 3,405,259 3,405 929,636 $92,963,576 $1,844.52 29-Nov-14 589,478,312,272 4,219,715 4,220 1,151,982 $115,198,206 $2,285.68 11-Dec-14 730,467,214,878 5,228,968 5,229 1,427,508 $142,750,821 $2,832.36 22-Dec-14 905,177,240,458 6,479,610 6,480 1,768,934 $176,893,352 $3,509.79 02-Jan-15 1,121,673,663,040 8,029,375 8,029 2,192,019 $219,201,947 $4,349.24 14-Jan-15 1,389,950,774,416 9,949,807 9,950 2,716,297 $271,629,732 $5,389.48 25-Jan-15 1,722,393,258,358 12,329,559 12,330 3,365,970 $336,596,970 $6,678.51 05-Feb-15 2,134,347,914,361 15,278,491 15,278 4,171,028 $417,102,794 $8,275.85 17-Feb-15 2,644,832,123,808 18,932,735 18,933 5,168,637 $516,863,657 $10,255.23 28-Feb-15 3,277,411,764,061 23,460,985 23,461 6,404,849 $640,484,897 $12,708.03 12-Mar-15 4,061,289,098,283 29,072,283 29,072 7,936,733 $793,673,336 $15,747.49
What technology jump should allow the xbt to raise with 20% every month? Development of every technology step needs like one year. From 110nm In april 2013 over 55 and 28nm the 20 in June 2014. 14 nm ?? Intel having problems and is not the right deal for 2014. Numbers are highly unrealistic. Fullstop Technology could stop now at 55 to 28 nm. But if they are shipping out 20 to 100k of machines a month thats a lot of hashrate.
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BurtW (OP)
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April 14, 2014, 06:49:57 AM |
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Numbers are highly unrealistic. Fullstop
I am glad you understand my point.
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goose20
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April 15, 2014, 08:30:19 AM |
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Humans are not rational beings either.
Many will keep mining at a loss with the hope btc will reach new heights.
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jamesc760
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April 19, 2014, 12:37:07 PM |
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The hashrate has been rising, just not as quickly as originally estimated. Currently, 57.6 PH/s and seems to be adding about 1 PH/s a day. In 10 days or so, when the next diff jump comes, we will have about 68 PH/s, about 15% increase not 20 %.
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Bicknellski
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May 19, 2014, 02:55:02 AM Last edit: May 19, 2014, 03:09:57 AM by Bicknellski |
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There really is nothing new to report. The difficulty continues to climb at about the same rate and the price continues to go down. This wil not last. One of these things MUST give. Either the price needs to go up or the difficulty must stop going up. Eventually.
I will redo the calculations in a month or two.
Time yet for recalculation? http://www.youtube.com/watch?v=u92O8LSkezYI am wondering how Mining can be part and parcel of the Sustainocene. Currently the world uses 16 TW in 2012 and will need an additional 16 TW by 2050. How can mining become sustainable when the direction of mining is to ever larger mining centers?
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BurtW (OP)
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July 01, 2014, 08:04:45 PM |
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UPDATE!!! This thread is just a quick attempt to project the minimum cost per BTC over the next year assuming the growth in the hash rate next year matches the growth in the hash rate over the last year. tl;dr: either the growth in the hash rate must slow down, the power consumption must go down, or the price of BTC must go up, a lot. Using the following conversion factors, constants and assumptions: GH/s per Diff 0.007158388055 Blocks/Period 2016 BTC/Period 50400 Watts per GH/s 1 (assumed constant for the next year - it may go down) USD/kWh $0.10
In other words assuming everyone in the network pays $0.10 per kWh and everyone has miners that burn 1 W per GH/s (1 J/GH) then we can calculate the average production cost for each BTC over the last year as follows: Hash Rate Power Energy Cost Cost Date Difficulty Delta Days GH/s kW kWh $/Period $/BTC --------- -------------- ------ ---- ----------- ------- ---------- ---------- ------ 29-Jun-13 21,335,329 152,727 153 11-Jul-13 26,162,876 22.63% 12 187,284 187 53,938 $5,394 $0.11 22-Jul-13 31,256,961 19.47% 11 223,749 224 59,070 $5,907 $0.12 03-Aug-13 37,392,766 19.63% 12 267,672 268 77,090 $7,709 $0.15 13-Aug-13 50,810,339 35.88% 10 363,720 364 87,293 $8,729 $0.17 24-Aug-13 65,750,060 29.40% 11 470,664 471 124,255 $12,426 $0.25 04-Sep-13 86,933,018 32.22% 11 622,300 622 164,287 $16,429 $0.33 14-Sep-13 112,628,549 29.56% 10 806,239 806 193,497 $19,350 $0.38 25-Sep-13 148,819,200 32.13% 11 1,065,306 1,065 281,241 $28,124 $0.56 06-Oct-13 189,281,249 27.19% 11 1,354,949 1,355 357,706 $35,771 $0.71 16-Oct-13 267,731,249 41.45% 10 1,916,524 1,917 459,966 $45,997 $0.91 26-Oct-13 390,928,788 46.02% 10 2,798,420 2,798 671,621 $67,162 $1.33 05-Nov-13 510,929,738 30.70% 10 3,657,433 3,657 877,784 $87,778 $1.74 17-Nov-13 609,482,680 19.29% 12 4,362,914 4,363 1,256,519 $125,652 $2.49 29-Nov-13 707,408,283 16.07% 12 5,063,903 5,064 1,458,404 $145,840 $2.89 10-Dec-13 908,350,862 28.41% 11 6,502,328 6,502 1,716,615 $171,661 $3.41 21-Dec-13 1,180,923,195 30.01% 11 8,453,506 8,454 2,231,726 $223,173 $4.43 02-Jan-14 1,418,481,395 20.12% 12 10,154,040 10,154 2,924,364 $292,436 $5.80 13-Jan-14 1,789,546,951 26.16% 11 12,810,272 12,810 3,381,912 $338,191 $6.71 24-Jan-14 2,193,847,870 22.59% 11 15,704,414 15,704 4,145,965 $414,597 $8.23 05-Feb-14 2,621,404,453 19.49% 12 18,765,030 18,765 5,404,329 $540,433 $10.72 17-Feb-14 3,129,573,175 19.39% 12 22,402,699 22,403 6,451,977 $645,198 $12.80 28-Feb-14 3,815,723,799 21.92% 11 27,314,432 27,314 7,211,010 $721,101 $14.31 13-Mar-14 4,250,217,920 11.39% 13 30,424,709 30,425 9,492,509 $949,251 $18.83 24-Mar-14 5,006,860,589 17.80% 11 35,841,051 35,841 9,462,037 $946,204 $18.77 05-Apr-14 6,119,726,089 22.23% 12 43,807,374 43,807 12,616,524 $1,261,652 $25.03 17-Apr-14 6,978,842,650 14.04% 12 49,957,264 49,957 14,387,692 $1,438,769 $28.55 29-Apr-14 8,000,872,136 14.64% 12 57,273,348 57,273 16,494,724 $1,649,472 $32.73 12-May-14 8,853,416,309 10.66% 13 63,376,190 63,376 19,773,371 $1,977,337 $39.23 24-May-14 10,455,720,138 18.10% 12 74,846,102 74,846 21,555,677 $2,155,568 $42.77 05-Jun-14 11,756,551,917 12.44% 12 84,157,961 84,158 24,237,493 $2,423,749 $48.09 18-Jun-14 13,462,580,115 14.51% 13 96,370,373 96,370 30,067,556 $3,006,756 $59.66 29-Jun-14 16,818,461,371 24.93% 11 120,393,073 120,393 31,783,771 $3,178,377 $63.06
Continued in next post...
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BurtW (OP)
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July 01, 2014, 08:05:06 PM Last edit: July 01, 2014, 08:30:42 PM by BurtW |
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When calculated in the OP over the time period from March 14, 2013 to March 13, 2014 the average increase in the difficulty and hash rate was 23.92% per adjustment period and the average length of each adjustment period was 11.38 days. Recalculating over the period June 29, 2013 to June 29, 2014 it is 23.45% and 11.41 days. Assuming the network growth rate over the next year is the same as it was this last year we get: Hash Rate Power Energy Cost Cost Date Difficulty TH/s MW MWh $/Period $/BTC --------- ------------------ ----------- ------- ---------- -------------- ---------- 10-Jul-14 20,762,587,053 148,627 149 40,687 $4,068,655 $80.73 21-Jul-14 25,631,656,286 183,481 183 50,228 $5,022,802 $99.66 02-Aug-14 31,642,579,140 226,510 227 62,007 $6,200,707 $123.03 13-Aug-14 39,063,133,629 279,629 280 76,548 $7,654,846 $151.88 25-Aug-14 48,223,894,840 345,205 345 94,500 $9,449,997 $187.50 05-Sep-14 59,532,961,579 426,160 426 116,661 $11,666,131 $231.47 16-Sep-14 73,494,136,594 526,100 526 144,020 $14,401,975 $285.75 28-Sep-14 90,729,370,258 649,476 649 177,794 $17,779,407 $352.77 09-Oct-14 112,006,467,575 801,786 802 219,489 $21,948,885 $435.49 21-Oct-14 138,273,292,794 989,814 990 270,962 $27,096,155 $537.62 01-Nov-14 170,699,995,402 1,221,937 1,222 334,505 $33,450,520 $663.70 12-Nov-14 210,731,138,613 1,508,495 1,508 412,951 $41,295,058 $819.35 24-Nov-14 260,150,052,591 1,862,255 1,862 509,792 $50,979,231 $1,011.49 05-Dec-14 321,158,279,258 2,298,976 2,299 629,345 $62,934,457 $1,248.70 17-Dec-14 396,473,647,839 2,838,112 2,838 776,933 $77,693,322 $1,541.53 28-Dec-14 489,451,350,262 3,503,683 3,504 959,133 $95,913,314 $1,903.04 08-Jan-15 604,233,410,162 4,325,337 4,325 1,184,061 $118,406,107 $2,349.33 20-Jan-15 745,933,204,108 5,339,679 5,340 1,461,737 $146,173,722 $2,900.27 31-Jan-15 920,863,255,215 6,591,897 6,592 1,804,532 $180,453,167 $3,580.42 12-Feb-15 1,136,816,447,014 8,137,773 8,138 2,227,715 $222,771,543 $4,420.07 23-Feb-15 1,403,413,185,274 10,046,176 10,046 2,750,141 $275,014,073 $5,456.63 06-Mar-15 1,732,529,973,307 12,402,122 12,402 3,395,081 $339,508,086 $6,736.27 18-Mar-15 2,138,828,493,208 15,310,564 15,311 4,191,267 $419,126,699 $8,316.01 29-Mar-15 2,640,408,762,814 18,901,071 18,901 5,174,168 $517,416,806 $10,266.21 10-Apr-15 3,259,615,465,609 23,333,592 23,334 6,387,571 $638,757,092 $12,673.75 21-Apr-15 4,024,033,374,406 28,805,592 28,806 7,885,531 $788,553,093 $15,645.89 02-May-15 4,967,716,213,515 35,560,840 35,561 9,734,780 $973,478,006 $19,315.04 14-May-15 6,132,703,703,449 43,900,273 43,900 12,017,700 $1,201,769,972 $23,844.64 25-May-15 7,570,894,370,329 54,195,400 54,195 14,835,991 $1,483,599,070 $29,436.49 06-Jun-15 9,346,357,550,986 66,904,854 66,905 18,315,204 $1,831,520,385 $36,339.69 17-Jun-15 11,538,187,590,255 82,594,824 82,595 22,610,333 $2,261,033,313 $44,861.77 29-Jun-15 14,244,027,380,899 101,964,275 101,964 27,912,720 $2,791,272,041 $55,382.38
In other words something has got to give by the end of the year, or actually before November 1
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BurtW (OP)
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July 01, 2014, 08:34:50 PM |
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I will redo this calculation in another 3 months.
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Mined
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July 01, 2014, 09:17:52 PM |
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Thanks for putting this together. I'm confident that J/gh will decrease enough to mitigate this, but the possibility that all mining hardware producers fail at making a more efficient miner is highly improbable (especially because there are so many now) but not impossible!
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BurtW (OP)
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July 01, 2014, 10:09:11 PM |
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Thanks for putting this together. I'm confident that J/gh will decrease enough to mitigate this, but the possibility that all mining hardware producers fail at making a more efficient miner is highly improbable (especially because there are so many now) but not impossible!
I am curious about your statement. How much more room do you think there is in this number? At 28nm everyone is getting about 0.8 J/GH. Going from 55nm to 28nm only reduced the consumption from 0.9 J/GH to 0.8 J/GH. Lets say we can make 18nm chips. The best case I would see is 0.5 J/GH and it would probably be higher. In other words I don't see any way to get another order of magnitude change in this number - only smaller incremental improvements at this point. Running the numbers at 0.5 J/GH is not a whole lot different than 0.8 J/GH and 0.5 J/GH may be a total pipe dream.
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philipma1957
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July 01, 2014, 10:39:17 PM |
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Thanks for putting this together. I'm confident that J/gh will decrease enough to mitigate this, but the possibility that all mining hardware producers fail at making a more efficient miner is highly improbable (especially because there are so many now) but not impossible!
I am curious about your statement. How much more room do you think there is in this number? At 28nm everyone is getting about 0.8 J/GH. Going from 55nm to 28nm only reduced the consumption from 0.9 J/GH to 0.8 J/GH. Lets say we can make 18nm chips. The best case I would see is 0.5 J/GH and it would probably be higher. In other words I don't see any way to get another order of magnitude change in this number - only smaller incremental improvements at this point. Running the numbers at 0.5 J/GH is not a whole lot different than 0.8 J/GH and 0.5 J/GH may be a total pipe dream. so lets say in 6 months the network drops to .5 J/GH and the that is close to the brick wall. what would you predict price on JAN.1 2015 ?
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Mined
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July 01, 2014, 10:46:49 PM |
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Thanks for putting this together. I'm confident that J/gh will decrease enough to mitigate this, but the possibility that all mining hardware producers fail at making a more efficient miner is highly improbable (especially because there are so many now) but not impossible!
I am curious about your statement. How much more room do you think there is in this number? At 28nm everyone is getting about 0.8 J/GH. Going from 55nm to 28nm only reduced the consumption from 0.9 J/GH to 0.8 J/GH. Lets say we can make 18nm chips. The best case I would see is 0.5 J/GH and it would probably be higher. In other words I don't see any way to get another order of magnitude change in this number - only smaller incremental improvements at this point. Running the numbers at 0.5 J/GH is not a whole lot different than 0.8 J/GH and 0.5 J/GH may be a total pipe dream. I believe half a joule is not unattainable for this year. 16nm is most companies' current focus, and some have designs underway for 14 and 10 (these are still 1+ years out, but it is something to note). Running some quick numbers though, difficulty will increase at the same rate if not even higher. Taking all of this into account I firmly believe we will be paying over $5000 for a coin in one year.
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BurtW (OP)
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July 01, 2014, 10:51:50 PM |
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Thanks for putting this together. I'm confident that J/gh will decrease enough to mitigate this, but the possibility that all mining hardware producers fail at making a more efficient miner is highly improbable (especially because there are so many now) but not impossible!
I am curious about your statement. How much more room do you think there is in this number? At 28nm everyone is getting about 0.8 J/GH. Going from 55nm to 28nm only reduced the consumption from 0.9 J/GH to 0.8 J/GH. Lets say we can make 18nm chips. The best case I would see is 0.5 J/GH and it would probably be higher. In other words I don't see any way to get another order of magnitude change in this number - only smaller incremental improvements at this point. Running the numbers at 0.5 J/GH is not a whole lot different than 0.8 J/GH and 0.5 J/GH may be a total pipe dream. so lets say in 6 months the network drops to .5 J/GH and the that is close to the brick wall. what would you predict price on JAN.1 2015 ? Since I used 1 J/GH you just divide all the posted energy and cost numbers by 2 if you want to assume 0.5 J/GH. So about $1,174.66 per BTC.
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philipma1957
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July 01, 2014, 11:51:34 PM |
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Thanks for putting this together. I'm confident that J/gh will decrease enough to mitigate this, but the possibility that all mining hardware producers fail at making a more efficient miner is highly improbable (especially because there are so many now) but not impossible!
I am curious about your statement. How much more room do you think there is in this number? At 28nm everyone is getting about 0.8 J/GH. Going from 55nm to 28nm only reduced the consumption from 0.9 J/GH to 0.8 J/GH. Lets say we can make 18nm chips. The best case I would see is 0.5 J/GH and it would probably be higher. In other words I don't see any way to get another order of magnitude change in this number - only smaller incremental improvements at this point. Running the numbers at 0.5 J/GH is not a whole lot different than 0.8 J/GH and 0.5 J/GH may be a total pipe dream. so lets say in 6 months the network drops to .5 J/GH and the that is close to the brick wall. what would you predict price on JAN.1 2015 ? Since I used 1 J/GH you just divide all the posted energy and cost numbers by 2 if you want to assume 0.5 J/GH. So about $1,174.66 per BTC. Thanks for the info. For the sake of argument lets say .5J /GH and If coins halved to 12.5 per block on Jan 1 2015 (I know they do not) you would use $2,549.32 correct?
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BurtW (OP)
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July 02, 2014, 12:11:11 AM |
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Yes, about that... I get 1174.66 * 2 = 2,349.33
BTW Reward-Drop ETA: 2016-08-12 00:40:37 UTC (110 weeks, 2 days, 4 hours, 30 minutes)
But it will probably pull in even more.
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DrG
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July 03, 2014, 06:49:02 AM |
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And this is why home users except in cheap electricity areas will basically be subsidizing the network, there's no way most people in "green" Europe can mine at $0.10. All of California is 2x to 4 that right now.
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samsonn25
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July 03, 2014, 07:17:48 AM |
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Thanks for putting this together. I'm confident that J/gh will decrease enough to mitigate this, but the possibility that all mining hardware producers fail at making a more efficient miner is highly improbable (especially because there are so many now) but not impossible!
More efficient miners can be made, but at what cost? For example if it cost a manufacturer $700 to make a 1TH miner at .7watts/gh efficiency today and it only mines 1 btc lifetime, how many people would buy it over $840 assuming the manufacturer only wanted to make a 20% markup. It already seems some farms are shutting down because the miners can not be bought at prices that can justify the cost of the machines versus the bitcoins they can mine in their lifetime, so they are buying coins instead or just stopping the mining and capital investment.
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philipma1957
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July 04, 2014, 03:01:27 PM Last edit: July 04, 2014, 03:12:07 PM by philipma1957 |
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Thanks for putting this together. I'm confident that J/gh will decrease enough to mitigate this, but the possibility that all mining hardware producers fail at making a more efficient miner is highly improbable (especially because there are so many now) but not impossible!
More efficient miners can be made, but at what cost? For example if it cost a manufacturer $700 to make a 1TH miner at .7watts/gh efficiency today and it only mines 1 btc lifetime, how many people would buy it over $840 assuming the manufacturer only wanted to make a 20% markup. It already seems some farms are shutting down because the miners can not be bought at prices that can justify the cost of the machines versus the bitcoins they can mine in their lifetime, so they are buying coins instead or just stopping the mining and capital investment. small miners with spot setups could make out well. anyone own a beef jerky business ? any one know of a food dehydrator company that is look to sell its product? here is a great food dehydrator http://www.lemproducts.com/product/refurbished-stainless-steel-dehydrator/refurbished-productsit uses 800 watts of power looks like it is a match for a pair of s-3's this is a good example of product synergy. better yet here is a kiln company for drying wood. a huge business chance right here right now. Just saying someone here in the usa dealing s-3s should talk with this company. they do electric heated kilns. http://www.novadrykiln.com/pdfs/NDK_timbertike.pdf
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chriswilmer
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September 02, 2014, 01:37:44 AM |
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Hey BurtW, Maybe time for an update? -Chris
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