RD965
|
|
March 04, 2015, 05:48:09 PM |
|
i just hope that difficulty will stay below 50.000.000.000 till next year. but maybe i ask too much ?
Its not about asking, its about a big race Never slows down indeed it will never slow maybe some point when diff gets to a point that putting more power on wont budge it and its getting to that point already. I remember first starting out with avalon aiscs making 2 to 3 btc per day with only 90GH them days are well over. Now you need like 80 to 100TH for making 1 BTC per day and much power is needed for that and right now its not cost effective. Everyone might as well turn their rigs off unles free energy. Agree but the point is, mining is an incentive to earn money, and the market is full of devices and options (profitable atm or not) Profitability depends on the price, most are mining at a loss, some are profiting, as for every business As new asics come and the chips have a better hashrate/power consumption ratio the market will evolve to catch up, and the game goes on
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
March 04, 2015, 05:59:59 PM |
|
i just hope that difficulty will stay below 50.000.000.000 till next year. but maybe i ask too much ?
Its not about asking, its about a big race Never slows down indeed it will never slow maybe some point when diff gets to a point that putting more power on wont budge it and its getting to that point already. I remember first starting out with avalon aiscs making 2 to 3 btc per day with only 90GH them days are well over. Now you need like 80 to 100TH for making 1 BTC per day and much power is needed for that and right now its not cost effective. Everyone might as well turn their rigs off unles free energy. Agree but the point is, mining is an incentive to earn money, and the market is full of devices and options (profitable atm or not) Profitability depends on the price, most are mining at a loss, some are profiting, as for every business As new asics come and the chips have a better hashrate/power consumption ratio the market will evolve to catch up, and the game goes on lets hope that asic maker play fair and let us buy miner comparable to their newest miner.
|
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
|
|
|
RD965
|
|
March 04, 2015, 06:02:18 PM |
|
i just hope that difficulty will stay below 50.000.000.000 till next year. but maybe i ask too much ?
Its not about asking, its about a big race Never slows down indeed it will never slow maybe some point when diff gets to a point that putting more power on wont budge it and its getting to that point already. I remember first starting out with avalon aiscs making 2 to 3 btc per day with only 90GH them days are well over. Now you need like 80 to 100TH for making 1 BTC per day and much power is needed for that and right now its not cost effective. Everyone might as well turn their rigs off unles free energy. Agree but the point is, mining is an incentive to earn money, and the market is full of devices and options (profitable atm or not) Profitability depends on the price, most are mining at a loss, some are profiting, as for every business As new asics come and the chips have a better hashrate/power consumption ratio the market will evolve to catch up, and the game goes on lets hope that asic maker play fair and let us buy miner comparable to their newest miner. Thats the thing this is a business You just need a bit of perspective, use it! If you where them, would you? Or would you mine first and then sell them once youre on the track of a new one? Because thats how it works
|
|
|
|
coinpr0n
|
|
March 04, 2015, 06:08:05 PM |
|
I sorta saw that coming as the growth was crazy and the profit was becoming less all the time. The adjusting difficulty is a great system.
|
|
|
|
RD965
|
|
March 04, 2015, 06:17:41 PM |
|
I sorta saw that coming as the growth was crazy and the profit was becoming less all the time. The adjusting difficulty is a great system.
It really is, but sometimes is not very profitable Just competitive advantage for the big guys
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
March 04, 2015, 06:21:22 PM |
|
i wonder what will happen after next halving...
last halving was offset by asic, if i remember right...
|
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
|
|
|
crazyearner
Legendary
Offline
Activity: 1820
Merit: 1001
|
|
March 04, 2015, 07:22:47 PM |
|
i wonder what will happen after next halving...
last halving was offset by asic, if i remember right...
Not much other than the rewards being 50% of what it is now and maybe see some price increase but again it is ahrd to say depending on demands and how much demand their is for it. Right now it seems theirs not much demands as many company are taking it on but soon remove it due to them not seeing any results with it and not giving it enough time to develop and have people using it as a customer. Lots of business have took it n but it needs more people to use it before we all see some serious price increases and it stick to that price and not have bubbles like we did back in dec 2013
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
March 05, 2015, 07:16:32 AM |
|
i wonder what will happen after next halving...
last halving was offset by asic, if i remember right...
Not much other than the rewards being 50% of what it is now and maybe see some price increase but again it is ahrd to say depending on demands and how much demand their is for it. Right now it seems theirs not much demands as many company are taking it on but soon remove it due to them not seeing any results with it and not giving it enough time to develop and have people using it as a customer. Lots of business have took it n but it needs more people to use it before we all see some serious price increases and it stick to that price and not have bubbles like we did back in dec 2013 exactly, if reward were just 50% of todays and price stay at 300 range, i think alot of miner will go offline and hashrate will drop, in the past this was prevented because asic entering the market. it was sooo profitable that lead to hashrate bubble.
|
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
March 05, 2015, 07:41:07 AM |
|
i wonder what will happen after next halving...
last halving was offset by asic, if i remember right...
the price must rise to compensate, otherwise there is a problem, surely miner will shutdown if the price won't rise as they would get 50% less income
|
|
|
|
RD965
|
|
March 05, 2015, 10:32:18 AM |
|
i wonder what will happen after next halving...
last halving was offset by asic, if i remember right...
the price must rise to compensate, otherwise there is a problem, surely miner will shutdown if the price won't rise as they would get 50% less income Exactly, normally mining doesn't affect the price, but halving always have a positive effect (offer/demand theory)
|
|
|
|
abyrnes81
|
|
March 05, 2015, 10:47:55 AM |
|
I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.
|
|
|
|
RD965
|
|
March 05, 2015, 11:05:37 AM |
|
I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.
More profitable than what? Litecoin mining?
|
|
|
|
abyrnes81
|
|
March 05, 2015, 11:12:31 AM |
|
I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.
More profitable than what? Litecoin mining? It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price."
|
|
|
|
RD965
|
|
March 05, 2015, 12:09:21 PM |
|
I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.
More profitable than what? Litecoin mining? It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price." Were talking algos here, more than just coins Scrypt has a better choice, and with a good plan you can be extra profitable
|
|
|
|
abyrnes81
|
|
March 05, 2015, 01:46:08 PM |
|
I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.
More profitable than what? Litecoin mining? It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price." Were talking algos here, more than just coins Scrypt has a better choice, and with a good plan you can be extra profitable Yeah you are right, the sha-256 mining is almost died. The most profitable at the moment (if you always have free electricity and hardware machines at good price) is the scrypt mining for sure. However news for some new machine "sha-256 & scrypt" ? or nothing ?
|
|
|
|
RD965
|
|
March 05, 2015, 03:51:43 PM |
|
I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.
More profitable than what? Litecoin mining? It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price." Were talking algos here, more than just coins Scrypt has a better choice, and with a good plan you can be extra profitable Yeah you are right, the sha-256 mining is almost died. The most profitable at the moment (if you always have free electricity and hardware machines at good price) is the scrypt mining for sure. However news for some new machine "sha-256 & scrypt" ? or nothing ? Even gpu mining coud still be profitable if you managed well (im one of those heros lol)
|
|
|
|
abyrnes81
|
|
March 05, 2015, 04:00:42 PM |
|
I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.
More profitable than what? Litecoin mining? It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price." Were talking algos here, more than just coins Scrypt has a better choice, and with a good plan you can be extra profitable Yeah you are right, the sha-256 mining is almost died. The most profitable at the moment (if you always have free electricity and hardware machines at good price) is the scrypt mining for sure. However news for some new machine "sha-256 & scrypt" ? or nothing ? Even gpu mining coud still be profitable if you managed well (im one of those heros lol) Are you talking about the "instamining" of an altcoin after its release ? I think this is only the way for "gain" some bitcoin from GPU mining.
|
|
|
|
RD965
|
|
March 06, 2015, 02:30:45 PM |
|
I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.
More profitable than what? Litecoin mining? It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price." Were talking algos here, more than just coins Scrypt has a better choice, and with a good plan you can be extra profitable Yeah you are right, the sha-256 mining is almost died. The most profitable at the moment (if you always have free electricity and hardware machines at good price) is the scrypt mining for sure. However news for some new machine "sha-256 & scrypt" ? or nothing ? Even gpu mining coud still be profitable if you managed well (im one of those heros lol) Are you talking about the "instamining" of an altcoin after its release ? I think this is only the way for "gain" some bitcoin from GPU mining. Instamining is always impossible, I hardly ever got big returns on that They key is watch the markets and the liquidity of the coin in some moments, as it was a stock Aint easy dude
|
|
|
|
Hazir
Legendary
Offline
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
|
|
March 06, 2015, 07:26:35 PM |
|
So I have a question for miners. Was this reduction of mining difficulty really significant? Because after almost 3 months I did not see any changes in trade market. So I think that change was just cosmetic. And I also think recent bitcoin rise was not caused by this at all.
|
|
|
|
RD965
|
|
March 07, 2015, 11:09:53 AM |
|
So I have a question for miners. Was this reduction of mining difficulty really significant? Because after almost 3 months I did not see any changes in trade market. So I think that change was just cosmetic. And I also think recent bitcoin rise was not caused by this at all.
Ask it yourself If youre running a business and suddenly you can produce 10% extra for free, wouldn it be allright? Also use more points of view. If the diff rises, your profits go down by the percentaje it goes up!
|
|
|
|
|