Hey steemians hope you all had a great weekend. I was hoping to get some opinions as every day I watch all the market places for graphics cards and mining rigs and I see more and more up for sale wether they are building to sell or building and sell due to no profits. Off course they are all "moving" over seas but the fact is they can't get returns for low hash rates.
Ideal hash rate?
What hash rates do we require now to just break even? With energy costs in Perth at .24 cents per Kw you need some good hash rate with low consumption or some how get off grid power 😜
Obviously the legality is questioned so that's usually not possible.
Most of these miners for sale are running between 120-170 mhs for ethereum mining. The price plunge has seen this equipment now not selling. This weekend alone I have seen 4 miners on eBay dropped by $500-$1000. Why not just keep and mine further ? Is the difficulty getting so hard that these miners struggle to mine the amount to only cover the power? Looking at the mining calculators now you would need at least 250 mhs to get a goof amount but for how long? Will the difficulty get harder or plateau for a bit because people jump off the band wagon?
Future in mining?
I am interested to see the new tech for mining. Surely this surge of mining will push our technology into a new realm at least in the PC world with some serious super computers being built. Perhaps it will enable some specific mining manufacturers to surface. I guess it will all depend on when and if altcoin prices rise again. We all knew these heights were not sustainable and now everyone is selling selling selling. Will we see it curve up again?
Many answers with many different questions. What to build now? What to mine now? Or wait for new tech?
Would love all your feedback, thank you all in advance 👍
Chefm31ster