ROI of a Mining Hardware - Quotes from ckolivas

[bernard75]

Now what you think about the BTC future and the after effects of the current situation if we see in the perspective of mining.

The value of bitcoin directly affects mining in a delayed fashion, that has been shown time and time again. As the value remains strong, or gets stronger, the number of big miners will continue to increase over time. However the reverse is not true - mining itself does not directly affect BTC value. It has indirect effects through bringing more players into the bitcoin world, and through the sell off of mined coin, but most big miners will be dumping more of their mined coins sooner to pay off the considerable running costs. This means the bitcoin economy will stand more and more on its own based on what it was always actually based on - perceived value by the market that creates the economy for it, and hardly anything to do with mining. Unless some threat (security or otherwise) hits mining, it will have less and less influence on the bitcoin economy itself. In short, the answer to your actual question is, the mining situation will have hardly any effect on BTC future. The only way it might is if some large famous company decides to create a large mine - the mining itself won't affect the value, but the association with that company will increase people's confidence in it.

This is why altcoins that differentiate themselves by their mode of mining are ultimately futile. The mining is the least important part of the perceived value and consequently the economy surrounding the coin. Altcoins were originally meant to be a testing ground for new ideas for bitcoin in ways that can be incorporated by it. However once it became clear that bitcoin started getting real value, other coins were being created in an attempt to be part of what they missed out on with bitcoin - mining it while it was cheap. But the arguments for any actual benefit to the altcoins being generated compared to bitcoin continue to revolve around some perceived technically better way to mine to keep cpu/gpu/home/small miners/no ASICs. Firstly there is no way that can happen - anything can be made into an ASIC. Second, if something develops real value, big players will always come in - why wouldn't they? Finally, as I mentioned with bitcoin above - the value of the coin has virtually nothing to do with mining. If your only real advantage is a different mode of mining, then that's not enough to sustain an economy. Especially if your mode of mining eventually converged to the same endpoint anyway with ASICs and big mines. What's really different then, and why would anyone want your also-ran coin? That's not to say that something won't come along to supplant bitcoin. It's just that it needs to be radically different in design and approach. How? I don't know, but if your starting point for a new coin is getting the bitcoin client and then modifying it, and ending up with something that is 99% the bitcoin code and model, are you not already just doomed to being another bitcoin clone?

 A few alt coins can be used as additional security but there is not much need for the current 25 plus on the market.

25? There are currently 500+
http://coinmarketcap.com/

[1714801504]

1714801504

[1714801504]

1714801504

[philipma1957]

Now what you think about the BTC future and the after effects of the current situation if we see in the perspective of mining.

The value of bitcoin directly affects mining in a delayed fashion, that has been shown time and time again. As the value remains strong, or gets stronger, the number of big miners will continue to increase over time. However the reverse is not true - mining itself does not directly affect BTC value. It has indirect effects through bringing more players into the bitcoin world, and through the sell off of mined coin, but most big miners will be dumping more of their mined coins sooner to pay off the considerable running costs. This means the bitcoin economy will stand more and more on its own based on what it was always actually based on - perceived value by the market that creates the economy for it, and hardly anything to do with mining. Unless some threat (security or otherwise) hits mining, it will have less and less influence on the bitcoin economy itself. In short, the answer to your actual question is, the mining situation will have hardly any effect on BTC future. The only way it might is if some large famous company decides to create a large mine - the mining itself won't affect the value, but the association with that company will increase people's confidence in it.

This is why altcoins that differentiate themselves by their mode of mining are ultimately futile. The mining is the least important part of the perceived value and consequently the economy surrounding the coin. Altcoins were originally meant to be a testing ground for new ideas for bitcoin in ways that can be incorporated by it. However once it became clear that bitcoin started getting real value, other coins were being created in an attempt to be part of what they missed out on with bitcoin - mining it while it was cheap. But the arguments for any actual benefit to the altcoins being generated compared to bitcoin continue to revolve around some perceived technically better way to mine to keep cpu/gpu/home/small miners/no ASICs. Firstly there is no way that can happen - anything can be made into an ASIC. Second, if something develops real value, big players will always come in - why wouldn't they? Finally, as I mentioned with bitcoin above - the value of the coin has virtually nothing to do with mining. If your only real advantage is a different mode of mining, then that's not enough to sustain an economy. Especially if your mode of mining eventually converged to the same endpoint anyway with ASICs and big mines. What's really different then, and why would anyone want your also-ran coin? That's not to say that something won't come along to supplant bitcoin. It's just that it needs to be radically different in design and approach. How? I don't know, but if your starting point for a new coin is getting the bitcoin client and then modifying it, and ending up with something that is 99% the bitcoin code and model, are you not already just doomed to being another bitcoin clone?

 A few alt coins can be used as additional security but there is not much need for the current 25 plus on the market.

25? There are currently 500+
http://coinmarketcap.com/

  I did a typo meant to type 250+  not 25+

[seriouscoin]

Now what you think about the BTC future and the after effects of the current situation if we see in the perspective of mining.

The value of bitcoin directly affects mining in a delayed fashion, that has been shown time and time again. As the value remains strong, or gets stronger, the number of big miners will continue to increase over time. However the reverse is not true - mining itself does not directly affect BTC value. It has indirect effects through bringing more players into the bitcoin world, and through the sell off of mined coin, but most big miners will be dumping more of their mined coins sooner to pay off the considerable running costs. This means the bitcoin economy will stand more and more on its own based on what it was always actually based on - perceived value by the market that creates the economy for it, and hardly anything to do with mining. Unless some threat (security or otherwise) hits mining, it will have less and less influence on the bitcoin economy itself. In short, the answer to your actual question is, the mining situation will have hardly any effect on BTC future. The only way it might is if some large famous company decides to create a large mine - the mining itself won't affect the value, but the association with that company will increase people's confidence in it.

This is why altcoins that differentiate themselves by their mode of mining are ultimately futile. The mining is the least important part of the perceived value and consequently the economy surrounding the coin. Altcoins were originally meant to be a testing ground for new ideas for bitcoin in ways that can be incorporated by it. However once it became clear that bitcoin started getting real value, other coins were being created in an attempt to be part of what they missed out on with bitcoin - mining it while it was cheap. But the arguments for any actual benefit to the altcoins being generated compared to bitcoin continue to revolve around some perceived technically better way to mine to keep cpu/gpu/home/small miners/no ASICs. Firstly there is no way that can happen - anything can be made into an ASIC. Second, if something develops real value, big players will always come in - why wouldn't they? Finally, as I mentioned with bitcoin above - the value of the coin has virtually nothing to do with mining. If your only real advantage is a different mode of mining, then that's not enough to sustain an economy. Especially if your mode of mining eventually converged to the same endpoint anyway with ASICs and big mines. What's really different then, and why would anyone want your also-ran coin? That's not to say that something won't come along to supplant bitcoin. It's just that it needs to be radically different in design and approach. How? I don't know, but if your starting point for a new coin is getting the bitcoin client and then modifying it, and ending up with something that is 99% the bitcoin code and model, are you not already just doomed to being another bitcoin clone?

 A few alt coins can be used as additional security but there is not much need for the current 25 plus on the market.

25? There are currently 500+
http://coinmarketcap.com/

  I did a typo meant to type 250+  not 25+

nah.... go for 2500 to cover all.

Point is ..... FCK scam coins.

[philipma1957]

Now what you think about the BTC future and the after effects of the current situation if we see in the perspective of mining.

The value of bitcoin directly affects mining in a delayed fashion, that has been shown time and time again. As the value remains strong, or gets stronger, the number of big miners will continue to increase over time. However the reverse is not true - mining itself does not directly affect BTC value. It has indirect effects through bringing more players into the bitcoin world, and through the sell off of mined coin, but most big miners will be dumping more of their mined coins sooner to pay off the considerable running costs. This means the bitcoin economy will stand more and more on its own based on what it was always actually based on - perceived value by the market that creates the economy for it, and hardly anything to do with mining. Unless some threat (security or otherwise) hits mining, it will have less and less influence on the bitcoin economy itself. In short, the answer to your actual question is, the mining situation will have hardly any effect on BTC future. The only way it might is if some large famous company decides to create a large mine - the mining itself won't affect the value, but the association with that company will increase people's confidence in it.

This is why altcoins that differentiate themselves by their mode of mining are ultimately futile. The mining is the least important part of the perceived value and consequently the economy surrounding the coin. Altcoins were originally meant to be a testing ground for new ideas for bitcoin in ways that can be incorporated by it. However once it became clear that bitcoin started getting real value, other coins were being created in an attempt to be part of what they missed out on with bitcoin - mining it while it was cheap. But the arguments for any actual benefit to the altcoins being generated compared to bitcoin continue to revolve around some perceived technically better way to mine to keep cpu/gpu/home/small miners/no ASICs. Firstly there is no way that can happen - anything can be made into an ASIC. Second, if something develops real value, big players will always come in - why wouldn't they? Finally, as I mentioned with bitcoin above - the value of the coin has virtually nothing to do with mining. If your only real advantage is a different mode of mining, then that's not enough to sustain an economy. Especially if your mode of mining eventually converged to the same endpoint anyway with ASICs and big mines. What's really different then, and why would anyone want your also-ran coin? That's not to say that something won't come along to supplant bitcoin. It's just that it needs to be radically different in design and approach. How? I don't know, but if your starting point for a new coin is getting the bitcoin client and then modifying it, and ending up with something that is 99% the bitcoin code and model, are you not already just doomed to being another bitcoin clone?

 A few alt coins can be used as additional security but there is not much need for the current 25 plus on the market.

25? There are currently 500+
http://coinmarketcap.com/

  I did a typo meant to type 250+  not 25+

nah.... go for 2500 to cover all.

Point is ..... FCK scam coins.

   

well not necessary is more accurate.   10 or less is more then enough

[s1gs3gv]

You heroes sure like full quoting each other

~L)L~

ps: I will assert that none know what will happen in the crypto-coin arena in the future. Let a thousand flowers bloom ...