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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The price of R4 is relatively inexpensive. The cost starts at $1,560. It has high performance, and electricity consumption is insignificant compared to other analogs. Canaan Avalon Miner 741 AvalonMiner 741 image by Wikimedia Commons. Most recently, Canaan Creative presented the miner Avalon 741 – its new ASIC for mining Bitcoin. The Bitcoin Price. Bitcoin mining is a booming industry, but the Bitcoin price increasing can help make up some of these losses. The Bitcoin price is increasing at an average of 0.3403% per day over the past year. Try messing with the calculator using different prices. There are some rare Bitcoin ASIC mining chips and they, along with the common ones, can be used on their own when it comes to the subject of mining of the Bitcoin. When it comes to mining with a greater speed, ASIC miners play a huge role and they are more productive and cost-effective than the traditional Bitcoin miners. Along with the Bitcoin mining profitability, the list of top 5 ASIC Bitcoin miners is updated frequently. A Bitcoin miner is also referred to as a Bitcoin mining rig, or a Bitcoin mining hardware device, or a Bitcoin mining machine, but we simply call them miners, or more specifically, Bitcoin miners. Bitmain AntMiner S9 is one of the most popular ASIC bitcoin mining hardware today. AvalonMner 741 can generate around 0.00308 BTC per day (about $7.31 with the current price of bitcoin to $4360) in those places of the world where the electricity cost tends to zero. However, this is if electricity doesn’t represent a significant cost.
Cheap Bitcoin ASIC miner old used core a1 25Th/s Price is lower than bitmain BTC antminer S17 min
It’s 2019 and this is a ASIC miner for sale 2019. I am selling this crap ASIC miner cryptocurrency mining rig. The machine still does work perfectly except is blocked from mining from ASIC miner co. For more superb educational content please visit our website! https://www.forex.academy/ ..... Bitcoin ASIC miner old used core a1 25Th/s Price is lower than bitmain BTC antminer S17 miner blockchain miner mining machine Category: Servers Related Video: The wholesale embrace of Application-Specific Integrated Circuits (ASIC) mining for Bitcoin ( BTC ) could increase the cost of a 51% attack by a factor of up to 2,000. Cryptocurrency mining is still profitable, however, profitability with mining varies BIG TIME depending on your mining hardware used! Subscribe to VoskCoin -...