Poor wittle miners taking their ball and going home

[takagari]

Who says miners are losing money? Any proof of that? Once they've bought their ASICs, electricity's cost is very low. They are making less money, that's right, but there's no sign any miner is actually losing money from its daily operation.

Very simple calculation: Electricity per month: 21'000.
Coins per month: 78
Price per coin: 200
Revenue: 15600
Loss: 5400

Price per coin: 300
Revenue: 23400
Profit: 2400

So why should I accumulate a monthly loss of 5400 at the moment?

And just as a reminder: The costs for the hardware and maintanance is NOT included here...

You pay to much for power, or your using ancient hardware

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[oceancucumber]

Who says miners are losing money? Any proof of that? Once they've bought their ASICs, electricity's cost is very low. They are making less money, that's right, but there's no sign any miner is actually losing money from its daily operation.

Very simple calculation: Electricity per month: 21'000.
Coins per month: 78
Price per coin: 200
Revenue: 15600
Loss: 5400

Price per coin: 300
Revenue: 23400
Profit: 2400

So why should I accumulate a monthly loss of 5400 at the moment?

And just as a reminder: The costs for the hardware and maintanance is NOT included here...

You pay to much for power, or your using ancient hardware

I'm thinking about putting solar panels on the house.  Should reduce power costs, right?

[cbeast]

[lightfoot]

I'm thinking about putting solar panels on the house.  Should reduce power costs, right?

No.

You would make more money selling the power back to the grid, or offsetting your other electricity usage (fridge?). If you got the panels and the inverter for free including install and could not grid-tie then maybe.

[cbeast]

I'm thinking about putting solar panels on the house.  Should reduce power costs, right?

"We do what we must, because we can."

[clementinal]

could someone point out why the difficulty keeps on growing?
there was a slight drop, but now it keeps elevating.

[lightfoot]

could someone point out why the difficulty keeps on growing?
there was a slight drop, but now it keeps elevating.

1) People are not rational.
2) People like coins that are freshly minted with no history
3) People prefer mining coins to buying them
4) People are alturistic, and want to ensure that the blockchain is secure.