bitcoin difficulty + btc price

[philipma1957]

you can make easy roi, just use bitcoin miners as space heaters. You need that anyway.

I believe a real space heaters is more efficient, but I might be wrong.

you are  mostly wrong.  an electric space heater and an asic machine are close to equal. 

 the only extra wasted money is your internet cost. 

If I run 3 s-3 's using 900 watts it will give off as much heat as a 1500 watt space heater set at 900 watts.

I will spend some extra money for my internet.

   So if running my internet is 15 a month that is the extra money 'lost'.

[gallery2000]

you can make easy roi, just use bitcoin miners as space heaters. You need that anyway.

I believe a real space heaters is more efficient, but I might be wrong.

you are  mostly wrong.  an electric space heater and an asic machine are close to equal. 

 the only extra wasted money is your internet cost. 

If I run 3 s-3 's using 900 watts it will give off as much heat as a 1500 watt space heater set at 900 watts.

I will spend some extra money for my internet.

   So if running my internet is 15 a month that is the extra money 'lost'.

You have to have internet to check email and streaming anyway.

[moko666]

bitcoin price should rise up as dificulty rise
else miner will be lossing money with mining and they will stop mining

[mmeijeri]

It's the other way round, difficulty will follow price.

[mikerbiker6]

A space heater is very efficient in producing heat.
An asic miner is pretty efficient in producing heat, the amount that is not used in heating is used to gain bitcoin.
So it is better if you need permanent heating.

You could say, well some miners are more efficient than others.
But more efficient miners are just spending more energy on the usefull calculations, the calculations themselves are equally efficient since it is the same algorithm.

[arieq]

When BTC got ASICs, it was a matter of "go pro or get out". Huge amounts of cash went into making and buying them and that affected the price

[philipma1957]

A space heater is very efficient in producing heat.
An asic miner is pretty efficient in producing heat, the amount that is not used in heating is used to gain bitcoin.
So it is better if you need permanent heating.

You could say, well some miners are more efficient than others.
But more efficient miners are just spending more energy on the usefull calculations, the calculations themselves are equally efficient since it is the same algorithm.

wrong.  watts is watts is watts.

heat from 1 watt spent = 3.42 btu of heat

so a 1000 watt space heater = 3420 btu

a 1000 watt miner = 3420 btu

[notlist3d]

A space heater is very efficient in producing heat.
An asic miner is pretty efficient in producing heat, the amount that is not used in heating is used to gain bitcoin.
So it is better if you need permanent heating.

You could say, well some miners are more efficient than others.
But more efficient miners are just spending more energy on the usefull calculations, the calculations themselves are equally efficient since it is the same algorithm.

wrong.  watts is watts is watts.

heat from 1 watt spent = 3.42 btu of heat

so a 1000 watt space heater = 3420 btu

a 1000 watt miner = 3420 btu

If you go with some of the old miners like the old dragons they practically spit out heat.   The advantage I think a true heater has is sound, they can be more quiet then most of the stuff that is being sold as "heaters".

I think it's a little of a gimmick some sellers are using to unload some almost obsolete gear.  Yes they will make heat, but better hope it's one long winter if you are spending much for them.

[philipma1957]

A space heater is very efficient in producing heat.
An asic miner is pretty efficient in producing heat, the amount that is not used in heating is used to gain bitcoin.
So it is better if you need permanent heating.

You could say, well some miners are more efficient than others.
But more efficient miners are just spending more energy on the usefull calculations, the calculations themselves are equally efficient since it is the same algorithm.

wrong.  watts is watts is watts.

heat from 1 watt spent = 3.42 btu of heat

so a 1000 watt space heater = 3420 btu

a 1000 watt miner = 3420 btu

If you go with some of the old miners like the old dragons they practically spit out heat.   The advantage I think a true heater has is sound, they can be more quiet then most of the stuff that is being sold as "heaters".

I think it's a little of a gimmick some sellers are using to unload some almost obsolete gear.  Yes they will make heat, but better hope it's one long winter if you are spending much for them.

s-3's and sp20's give plenty of heat.

  I burn 1200 + 1200+ 1200 + 720 + 350 + 480 = 5150 watts as I type.

 this is  3.42 x 5150 = 17613 btus of heat .

 I get  7.7th of hash     that is about  1100 usd a month

 the heat is 4.22 therms a day.  a therm is 100000 btus     so 17,600 x 24 =  422400 btus a day or   4.22 therms .

4.22   therms of gas heat cost me  about  5 bucks  so the heat from my miners is worth 5 x 30 = 150 a month.

  so I earn 1250 a month .

 the power will cost me  16.25 a day  so 30 x 16.25 =  487.50

so 1250- 500 = 750 profit a month    due to  mining.

S-3's are  a great  space heater. Just   down clock them to  freq 150.

  they use 240 watts run 300gh   and are  very very quiet.  you can run 5 of them on 1 evga 1300 g2  1200 watts 1500 gh   quiet and the heat is better then free you get paid for it. 

[xcapator]

So sad to see current btc price, it's been around ~300 for weeks. I will stop mining by the next difficulty change if the price stays the same. mission fail, waiting for a miracle now

[goozman96]

So sad to see current btc price, it's been around ~300 for weeks. I will stop mining by the next difficulty change if the price stays the same. mission fail, waiting for a miracle now

This is exactly what needs to happen. Those who are put off by the price need to stop mining so the difficulty can come back down.

[cloverme]

This is exactly what needs to happen. Those who are put off by the price need to stop mining so the difficulty can come back down.

Agreed, I thought that exact scenario was playing out a couple weeks ago when the difficulty had a slight reduction but then started going up again this week. Maybe we will see a correction take place in regards to mining this year.