I am beginning to beleive that the continued availability of mining and more efficient mining asics keeps bitcoin lower in price. Thoughts? When mining is done will price skyrocket? What will that last mined coin need to be worth to justify all the mining operations?
Why is the spike in video card prices attributed to bitcoin mining if there are ASIC chips that are 100x more efficient at mining bitcoin?
I am reading this article that says you probably shouldn't even try to use a standard video card to mine bitcoin because it's not worth the electricity you'd consume. If that is the case, why are video card prices spiking? link
Rodolfo Novak: Doesn’t matter how skeptical you are of the recent #Bitcoin ASIC news. Mining hardware competition and subsequent commoditization is inevitable. Any goods with constant/predictable demand will find its lowest bottom price, and then lower.
I am beginning to beleive that the continued availability of mining and more efficient mining asics keeps bitcoin lower in price. Thoughts? When mining is done will price skyrocket? What will that last mined coin need to be worth to justify all the mining operations? /r/Bitcoin
Rodolfo Novak: Doesnt matter how skeptical you are of the recent #Bitcoin ASIC news. Mining hardware competition and subsequent commoditization is inevitable. Any goods with constant/predictable demand will find its lowest bottom price, and then lower.
[uncensored-r/Bitcoin] https://asic.world | ASIC Mining Tech | Black Friday Sale | Antminer S9-L3+ | Sale Price $1499.99...
The following post by AsicWorld is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7elk8y The original post's content was as follows:
correlation between ASICs, bitcoin price and mining electricity costs?
Lately I've been quite interested in the idea of investing in cryptocurrencies, and the issue of energy expenditure came up. While it is true that nobody really knows how much a bitcoin will be valued in the far future, I have been hearing people speak of when it's more profitable to buy coins than mine, and vice versa. I am quite aware that there's a ton of speculation surrounding the price which will never go away... however, I do wonder: does anyone feel that there's any possible relationship between the amount of energy used to maintain the network/generate BTC and the exchange value of an individual coin? Or perhaps you feel that the amount of energy expended has no bearing on its' exchange value? Whatever you feel, please explain why. Perhaps this has been discussed before...? I do also wonder if the same ideas apply to alternative cryptocurrencies as well... so if you have any insight on that, please share. I apologize if the question itself is vague, but the idea of investing in currencies itself is relatively new to me. Please let me know if I need to rephrase the question, if so. Thank you very much!
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[HASH RATE] Where's solid evidence that bitcoin's hashrate of 140 EH/s is much more than a group of miners could achieve?
What's the average amount of hash operations a supercomputer could do? Or an ASIC mining thing? And how do we know bitcoin's current hash rate is large enough that it would be way more expensive to buy all that equipment and do a 51% attack?
ASIC vs CPU mining . An ASIC Bitcoin miner is designed exclusively for the purpose of mining bitcoin. Though significantly more expensive to purchase, they are far more powerful (higher hash rate) and electricity-efficient than CPUs and GPUs (graphics cards) – used for mining in the early days of bitcoin – and even FPGAs (field programmable gate arrays), which were, in 2011, the most ... Currently, the most effective is the ASIC mining hardware. The price of the fastest equipment cannot be low or average. The lower the cost, the smaller the efficiency (you may even go negative). Beware of scam on the mart. Trusted manufacturers can be sold on eBay or Amazon. But before buying, check all the details about graphics and setup. Bitcoin Mining Hardware Companies. Even a used hash ... Hardware Mining. Start mining with your own ASIC hardware and benefit from our high payouts. Testimonials. Hear from some of our happy customers . The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. Alexander Levin CEO of Asicseer ... The price for this device ranges from $2700 to $3000 per unit. However, this price is not inclusive of the power supply that is needed to operate this ASIC Bitcoin mining machine. Conclusion. Companies are focusing on the creation of small chips to build a more efficient bitcoin mining equipment. The competition in the industry is ever-growing and new capitalist are entering the market to ... The Bitcoin Price. Bitcoin mining is a booming industry, ... Bitcoin mining ASIC on the market. If they delivered on their promise, Bitmain’s reign as king of ASIC developers would come to an abrupt end. Unsurprisingly, many prominent members of the Bitcoin community were in disbelief, as cryptocurrency in general has been plagued by fake startups and ICO scams. In an effort to build trust ...
This Bitcoin Mining Farm Made $17 Million AFTER Expenses ...
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