3 ms·
I wonder when BitCoin will reach the stage at which mining is not economically viable because the expended electricity is more expensive than the amount of BC g
by eliben 13y ago
I wonder when BitCoin will reach the stage at which mining is not economically viable because the expended electricity is more expensive than the amount of BC gained. It is my understanding that such a point should be eventually reached due to the mathematical nature of BCs.
- wmf 13y agoThe price of electricity varies by location. I expect within 9 months Bitcoin mining will only be profitable for people with the cheapest electricity. Essentially there will be three phases: first, ASICs will get more efficient as they move from 130 nm to 28 nm (this is in progress with KnC and HashFast), then profit margins will reduce from 90% down to ~10%, and finally there will be an endgame where even a 28 nm ASIC sold at cost won't be profitable unless you have super-cheap electricity.