The difficulty HAS BEEN REDUCED!!!!

[helipotte]

Another drop.   41,272,873,895

[dsyahputera]

Will drop 5.66% to 38,937,400,776 two weeks later, estimated at BitcoinWisdom

[noobtrader]

i think hasrate will stabilize around 35000000000 

i hope 

[tvasbn]

bitfury has 40MW right now whit 0.7W/G, whit their new chips(0.2W/G) they will have 3 x current hash power, almost double the diff just them

edit: not double but a massive increase in a short time, they will only need to replace some board from they already buil DC

[RD965]

bitfury has 40MW right now whit 0.7W/G, whit their new chips(0.2W/G) they will have 3 x current hash power, almost double the diff just them

edit: not double but a massive increase in a short time, they will only need to replace some board from they already buil DC

shh dont ruin the surprise 

[noobtrader]

bitfury has 40MW right now whit 0.7W/G, whit their new chips(0.2W/G) they will have 3 x current hash power, almost double the diff just them

edit: not double but a massive increase in a short time, they will only need to replace some board from they already buil DC

shh dont ruin the surprise 

how can they profit ?

[tvasbn]

they will have costs only whit the boards, rest of the infrastructure are already build.

[noobtrader]

they will have costs only whit the boards, rest of the infrastructure are already build.

free electricity ?

[tvasbn]

at 0.03 or 0.04$/kwh, its alomost free

[DoubleTrouble]

at 0.03 or 0.04$/kwh, its alomost free

Where can I find prices like that? 
xD

[tvasbn]

buy >10MW directly from the producers and you could get those rates in many countries( WA state, Mongolia, Island, etc)

[RD965]

at 0.03 or 0.04$/kwh, its alomost free

Where can I find prices like that? 
xD

There is many countries in the world

[ahmi]

Difficulty is not reduced.... I thinks it will become more increasing in difficulty for bitcoin mining!!

[dsyahputera]

Difficulty is not reduced.... I thinks it will become more increasing in difficulty for bitcoin mining!!

Bitcoin difficulty will decreased if the global Bitcoin miner hashrate is decreased.
Now, the Bitcoin price is under $300, some cloud mining stopped their miner until the price up.
That's will affect the Bitcoin difficulty, check it out: https://bitcoinwisdom.com/bitcoin/difficulty.

PS:

• I check today on BitcoinWisdom, the estimated next difficulty became 39,710,517,829
• Correct me if I wrong

[noobtrader]

buy >10MW directly from the producers and you could get those rates in many countries( WA state, Mongolia, Island, etc)

ok, if there is possible to get that cheap electricity.  they will pay 1 usd per day for 1kw ? and 1kw miner get something like 5 usd per day maybe ?  still paying worker, guard, rent ? maybe 1 usd profit per miner i guess ?  thats like total profit of 10k usd per day  for 10.000 miner ?

if thats so, how come cloud miner are shutting down ?

[tvasbn]

buy >10MW directly from the producers and you could get those rates in many countries( WA state, Mongolia, Island, etc)

ok, if there is possible to get that cheap electricity.  they will pay 1 usd per day for 1kw ? and 1kw miner get something like 5 usd per day maybe ?  still paying worker, guard, rent ? maybe 1 usd profit per miner i guess ?  thats like total profit of 10k usd per day  for 10.000 miner ?

if thats so, how come cloud miner are shutting down ?

i think that only the ones whit old and less efficient miners are closing down.
also mining farms > 10MW are few and i dont think that any of those closed.

[lightfoot]

Right now, today, a 1th miner pulling 500 watts at the meter getting electricity at 5c/kw at the bitcoin price as of 5 minutes ago starting right now and with a difficulty increase level of 5% would make a total return by Dec31 of 342.40. So if you're paying one penny above 342.40 and are optimistic that difficulty will not rise more than 5% on average and are running a system out in a desert with no building, no internet cost, no staff cost, and 5 cents a kilowatt hour electricity you can't pay more than 342.40 to make a profit of $0.00

It's that simple. Now given that most people are not paying 5 cents total per KwHR (that has to include all taxes and such of course) if you have 10 cent electricity it's $159.20.

That's that. Running 10,000 miners simply means you have more desert area to cover, a bigger power pipe, and you will still need to meet the above numbers in order to come out the same as sitting on your ass. Hire people to watch it, internet to service it, and a building to house it and the prices for the miners *have* to go down.

Oh we didn't include the cost of cooling electricity in there, did we. Double the electricity costs unless your magical mining site is in a desert in Antarctica.

That is why mining companies are not "buying new equipment". It is patently stupid. Likewise if a super breakthrough comes out (.2w/gh equipment) it will merely drive up the difficulty and the problem will be the same.

It's that simple. It has always been that simple. People who do not get this are living in a fantasy world or deluding themselves.

[Prelude]

Having access to 40MW doesn't mean they need to use it all. They could simply decomission their old hardware, and replace enough of it to stay at approximately the same speed as they were before. They would save a lot on power, and wouldn't start another arms race amongst manufacturers to maintain their piece of the pie. From there on, simply add power when necessary to keep your slice.

[tvasbn]

You know that will not happen, who have access(especially bitfury) to 40MW will use those 40MW, even on their new 0.2W/Gh miners.
For home miners the game is almost over, Guy and Valery said that already in numerous occasions.

[RD965]

You know that will not happen, who have access(especially bitfury) to 40MW will use those 40MW, even on their new 0.2W/Gh miners.
For home miners the game is almost over, Guy and Valery said that already in numerous occasions.

Im sorry what? Output price is not high at the moment, so of course that doesnt make it easy, but as soon as price rises it becomes profitable again, make your calculations

Were mining for the future here