Bitcoin 'miners' are losing money at any price below $8,600: Morgan Stanley | Forex Factory

  • Bitcoin 'miners' are losing money at any price below $8,600: Morgan Stanley

    From cnbc.com

    If bitcoin can't recover $8,600 soon, bitcoin "miners" will likely find it unprofitable to keep creating the cryptocurrency, Morgan Stanley analysts said. Bitcoin traded slightly higher near $8,200 on Thursday, according to CoinDesk. It has struggled to recover in the last few months after tumbling from a record high above $19,000 in mid-December. "We estimate the break-even point for big mining pools should be US$8,600, even if we assume a very low electricity cost (US$0.03 kW/h)," equity analyst Charlie Chan and his team said in a Thursday note. "Therefore, we think the Bitcoin mining hardware demand and price ... (full story)

Comment Options
NewtonsCash
Apr 20, 2018 7:08am
Permalink
Quoting Ken A
Ever heard of ASIC BTW, how do you mine Bitcoin with GPU's 😜
If you mine with Asic , cool, or rather hot, very hot, and very, very loud GPU's , whilst being less efficient than Asic miners can be put together in a rig easily and cheaply , parts from Amazon , up and running with a few hours work. Loads of tutorials online , its addictive and fun and profitable, whats not to like
Reply
robgsxr
Apr 20, 2018 7:21am
Permalink
Quoting NewtonsCash
{quote} Thanks Rob, my big call for this year is physical Silver and Silver miners, not ETF's , lets see how that works out
Damnit, I've done it again, I have been saving physical gold :- )))
Reply
UnBearybull
Apr 20, 2018 9:31am
Permalink
Quoting smikester
1 Bitcoin is currently about £6,000. What use is a currency where the smallest denomination is the price of an expensive holiday?
Small amounts of bitcoin used as alternative units are millibitcoin (mBTC), and satoshi (sat). Named in homage to bitcoin's creator, a satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoins, one hundred millionth of a bitcoin.
Reply
Not-KPMG
Apr 21, 2018 12:04am
Permalink
Quoting ivofx
What a fake. 1 year ago at price 1000 how did miners survive????
Yep.
Don't believe a word of big liars, Ver, Morgan Stanley....

Of course mining is self-adjusting and profitable.
I had numbers before...forgot..but something like 3-5k above is ok.
Price drop?? Turn off miner!!!
Reply
Not-KPMG
Apr 21, 2018 12:05am
Permalink
Quoting Ken A
Ever heard of ASIC BTW, how do you mine Bitcoin with GPU's 😜
I won't read this lying piece of... err...article.
But i guess GPU mining is for many coins created ASIC-resistant!!

Cheers.
Reply
Not-KPMG
Apr 21, 2018 8:27am
Permalink
If dilettante can't find it - here's thread for crypto crybabies 😭😭😭- enjoy 😂😂😂😂
Post any comments , even the ignored babies.

https://www.forexfactory.com/showthread.php?t=730138

Bitcoin to zerooooooo!!!
Bitcoin is bu-bu-laaaaaaa (cry the crybabies )
😂😂😂😂

https://www.forexfactory.com/attachm...9&d=1516406944
Attached Image (click to enlarge)
Click to Enlarge Name: Bitcoin 2000 up Not-KPMG crybaby.jpg Size: 7 KB
Reply
smikester
Apr 20, 2018 2:19pm
Permalink
Quoting UnBearybull
{quote} Small amounts of bitcoin used as alternative units are millibitcoin (mBTC), and satoshi (sat). Named in homage to bitcoin's creator, a satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoins, one hundred millionth of a bitcoin.
You live and learn.
Reply
sidhujag
Apr 20, 2018 9:34am
Permalink
Quoting NewtonsCash
Depends on the rig cost and which Gpu's are being used, anyone buying cards last month (when prices were down) and keeping build costs to minimums should be in profit in 9 months, if price rises, significantly quicker , if price drops , longer, however as price risk to the downside seems to be minimizing miners may well find themselves printing by Aug/ Sept. I'm waiting for the new cards from Samsung and (rumoured) Intel pre adding any more miners, the new cards being dedicated to mining rather than hi-jacking the gaming industries GPU's, some of...
GPUs have nothing to do with bitcoin mining
Reply
NewtonsCash
Apr 21, 2018 1:27pm
Permalink
Quoting Not-KPMG
If dilettante can't find it - here's thread for crypto crybabies 😭😭😭- enjoy 😂😂😂😂 Post any comments , even the ignored babies. https://www.forexfactory.com/showthread.php?t=730138 Bitcoin to zerooooooo!!! Bitcoin is bu-bu-laaaaaaa (cry the crybabies ) 😂😂😂😂 https://www.forexfactory.com/attachm...9&d=1516406944 {image}
Like.... a lot , these Bitcoin Cassandra's , all driving around in Vauxhall's and Fords, mines a Lambo ta, if I could drive one where I live, whole place is 30 tops
Reply
Nobody-yet
Apr 20, 2018 10:41am
Permalink
Quoting smikester
1 Bitcoin is currently about £6,000. What use is a currency where the smallest denomination is the price of an expensive holiday?
Satoshi is the answer : "Each bitcoin (BTC) is divisible to the 8th decimal place, so each BTC can be split into 100,000,000 units. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi. A Satoshi is the smallest unit of Bitcoin"
Reply
Aimak
Apr 20, 2018 6:11am
Permalink
Quoting ivofx
What a fake. 1 year ago at price 1000 how did miners survive????
Because a year ago the difficulty of the network was much lower and miners obtained more BTC per hour. Nowadays they obtain less BTC/h

More BTC coins mined > higher difficulty > lower BTC/h
Reply
robgsxr
Apr 20, 2018 5:38am
Permalink
Quoting NewtonsCash
Depends on the rig cost and which Gpu's are being used, anyone buying cards last month (when prices were down) and keeping build costs to minimums should be in profit in 9 months, if price rises, significantly quicker , if price drops , longer, however as price risk to the downside seems to be minimizing miners may well find themselves printing by Aug/ Sept. I'm waiting for the new cards from Samsung and (rumoured) Intel pre adding any more miners, the new cards being dedicated to mining rather than hi-jacking the gaming industries GPU's, some of...
It's funny Newtons you aways seem to be one step ahead of me. You understood the property crash before me and now you are realizing the crypto opportunities :-)
I looked into crypto mining about three years ago trying to understand what I needed to buy in order to get started. It was so alien to me that I had to accept my inability to understand the requirements and gave up.
I re-checked about a year ago and fell flat again and accepted it wasn't something I was going to be able to do. And here you are making it sound easy. Keep up the good work :-)
Reply
NewtonsCash
Apr 20, 2018 7:29am
Permalink
Quoting robgsxr
{quote} Damnit, I've done it again, I have been saving physical gold :- )))
Golds great too, Silver mining shares are like Gold with a Nox button
Reply
Trader#60C0
Apr 20, 2018 3:51am
Permalink
If you REALLY want the stuff, BUY it rather than MAKE it.
Simple economics.....
Reply
Not-KPMG
Apr 21, 2018 12:11am
Permalink
Quoting Spreadbetter
A recent study put the value of BTC at $20. Seems pricey...
Sure!!!
Sell me your bitcoins for $21!!
😂😂😂
What a dumbo!!!
Join my Horses only thread!!!😱😱

Quoting Nobody-yet
{quote} Satoshi is the answer : "Each bitcoin (BTC) is divisible to the 8th decimal place, so each BTC can be split into 100,000,000 units. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.
A Satoshi is the smallest unit of Bitcoin"
Great comment !
And when bitcoin is $1 million 1 Satoshi is 1 cent.
Simple design !!👍👏


🍻
Folks,
Come join our Crypto thread?
Reply
smikester
Apr 20, 2018 7:51am
Permalink
Quoting NewtonsCash
{quote} If you mine with Asic , cool, or rather hot, very hot, and very, very loud GPU's , whilst being less efficient than Asic miners can be put together in a rig easily and cheaply , parts from Amazon , up and running with a few hours work. Loads of tutorials online , its addictive and fun and profitable, whats not to like
Can you buy the parts from Amazon with Bitcoin?
Reply
aaven
Apr 20, 2018 7:53am
Permalink
Quoting NewtonsCash
{quote} Golds great too, Silver mining shares are like Gold with a Nox button
NewtonsCash,

Is this correct:

Silver Mining Shares as in Shares of Companies that are in the Silver/Metal Mining Business?

Thanks
Reply
NewtonsCash
Apr 20, 2018 5:02am
Permalink
Depends on the rig cost and which Gpu's are being used, anyone buying cards last month (when prices were down) and keeping build costs to minimums should be in profit in 9 months, if price rises, significantly quicker , if price drops , longer, however as price risk to the downside seems to be minimizing miners may well find themselves printing by Aug/ Sept. I'm waiting for the new cards from Samsung and (rumoured) Intel pre adding any more miners, the new cards being dedicated to mining rather than hi-jacking the gaming industries GPU's, some of which have increased in price 5 fold since I purchased them last September
Reply
NewtonsCash
Apr 20, 2018 7:09am
Permalink
Quoting robgsxr
{quote} It's funny Newtons you aways seem to be one step ahead of me. You understood the property crash before me and now you are realizing the crypto opportunities :-) I looked into crypto mining about three years ago trying to understand what I needed to buy in order to get started. It was so alien to me that I had to accept my inability to understand the requirements and gave up. I re-checked about a year ago and fell flat again and accepted it wasn't something I was going to be able to do. And here you are making it sound easy. Keep up the good...
Thanks Rob, my big call for this year is physical Silver and Silver miners, not ETF's , lets see how that works out
Reply
sidhujag
Apr 20, 2018 8:28pm
Permalink
Quoting ivofx
So btc will not follow under 8000 because miners will be on loss??? Sellers will not sell because of the poor miners?
supply and demand in a deflationary economic environment. Its part of the ideal money philosophy of nash.
Reply
Hareii
Apr 20, 2018 5:53am
Permalink
What is the significance of mining in Bitcoin? What would happen if one day nobody do mining anymore? What would be the impact to the bitcoin operation? My crude understanding is that mining is to verify the past transaction blocks so that it is permanently "recorded" (in other words chained to the already verified big blocks) in the distributed ledgers around the world. Anyone care to share?
Reply
robgsxr
Apr 20, 2018 6:02am
Permalink
Quoting Hareii
What is the significance of mining in Bitcoin? What would happen if one day nobody do mining anymore? What would be the impact to the bitcoin operation? My crude understanding is that mining is to verify the past transaction blocks so that it is permanently "recorded" (in other words chained to the already verified big blocks) in the distributed ledgers around the world. Anyone care to share?
Can't help with clarification of that point I'm afraid Hareii.
Reply
Ken A
Apr 20, 2018 7:00am
Permalink
Ever heard of ASIC

BTW, how do you mine Bitcoin with GPU's 😜
Reply
Ken A
Apr 20, 2018 8:48am
Permalink
Quoting Spreadbetter
Decent trainers, the original Onitsukas still look great. {quote}
https://youtu.be/w_Nygi01VqI
Reply
smikester
Apr 20, 2018 7:02am
Permalink
1 Bitcoin is currently about £6,000. What use is a currency where the smallest denomination is the price of an expensive holiday?
Reply
NewtonsCash
Apr 21, 2018 1:28pm
Permalink
Quoting sidhujag
{quote} GPUs have nothing to do with bitcoin mining
Sorry , thats semantics, I mine many Algo's and end up being paid in BTC
Reply
Aimak
Apr 20, 2018 6:00am
Permalink
Quoting Guest
If you REALLY want the stuff, BUY it rather than MAKE it. Simple economics.....
If no miners, no transactions verified, no market, BTC dead
Reply
robgsxr
Apr 20, 2018 7:40am
Permalink
Quoting NewtonsCash
{quote} Golds great too, Silver mining shares are like Gold with a Nox button
Reply
rohitcs
Sep 14, 2018 4:00am
Permalink
Bitcoin has a long way to go, dont be worried about the negative coverage to manipulate the price.
Based on a lot of analysis the bitcoin price prediction still holds at $12500 for 2019.
Reply
ivofx
Apr 20, 2018 6:03am
Permalink
What a fake.
1 year ago at price 1000 how did miners survive????
Reply
ivofx
Apr 20, 2018 2:13pm
Permalink
So btc will not follow under 8000 because miners will be on loss???
Sellers will not sell because of the poor miners?
Reply
Spreadbetter
Apr 20, 2018 7:53am
Permalink
A recent study put the value of BTC at $20. Seems pricey...
Reply
Spreadbetter
Apr 20, 2018 7:55am
Permalink
Decent trainers, the original Onitsukas still look great.

Quoting Ken A
Ever heard of ASIC BTW, how do you mine Bitcoin with GPU's 😜
Reply
Trader#1B61
Apr 20, 2018 6:09am
Permalink
Satoshi Nakamoto didn't think of that. Am shorting !
Reply

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