So many of you guy's are aware right now isn't exactly a bull market. Everyone is scrambling right now trying to look at the charts and looking at TA trying to find the answer to "When is the next Bull run?"
First of all most of the projects out there are immature most have no working product and even if they do, the product isn't well refined and isn't being widely utilized YET. This will obviously take a lot of time for R&D and for the projects to gain traction as a whole.
Secondly we need to take this back to the start of it all... Mining. Most notably Bitcoin mining. Currently hashrate and difficulty have dropped substantially if you haven't noticed many cloud mining companies(scams) and small miners really cannot afford to mine. This is largely due to the fact that they do not have the resources to survive so they die off like flies. However the really big mining companies that have the resources namely cheap power, mining equipment, and $$$. Are actually going to THRIVE in a bear market especially this one the longer this bear market continues the BETTER.
Currently company such as Bitmain has enough funding to develop 7nm chips for their miners tells me that they rolling in cash and they will roll in cash/BTC even more the lower BTC drops. Quite the contrary on the notion that they are "suffering" in the bear market is probably complete bullshit.
Here is currently what I expect what large miner would be making with cheap hydro electric power and 2cents maybe even high these companies can literally buy dams for fuck sake they can drop power costs near a cent or more. So these are probably the worse case scenarios.
What they would make Now roughly
Spoiler (Click to View)
What they would have been making on OCT 4th, 2018
Spoiler (Click to View)
Modest estimate of difficulty at the "Bottom" of $1100 so many people are talking about.
Spoiler (Click to View)
What I think the difficulty 1.1+e12 would be if "Bottom" of $1100 is reached
Spoiler (Click to View)
Honestly a drop from current price of $3400 to $1100(whatever TA bandwagon person is predicting now) would yield a difficulty drop well below 2+e12 to around 1.1+e12 this is because this is around the point where a typical at home miner would start seeing extremely small USD PROFIT again. Basically larger miners will continue making profit if not see a boost in profits again if prices do go lower and also gain a lot more BTC as difficulty drops. I expect hints of better market when small miners start creeping back in.
TL;DR- Big miners could profit more so in bear market they make roughly same amount of fiat and get more BTC into their pockets WHATS BETTER THAN THAT? wait for small time miners to start making $$ again thats the bottom. By the way I made the title to be as clickbait as possible on purpose.
First of all most of the projects out there are immature most have no working product and even if they do, the product isn't well refined and isn't being widely utilized YET. This will obviously take a lot of time for R&D and for the projects to gain traction as a whole.
Secondly we need to take this back to the start of it all... Mining. Most notably Bitcoin mining. Currently hashrate and difficulty have dropped substantially if you haven't noticed many cloud mining companies(scams) and small miners really cannot afford to mine. This is largely due to the fact that they do not have the resources to survive so they die off like flies. However the really big mining companies that have the resources namely cheap power, mining equipment, and $$$. Are actually going to THRIVE in a bear market especially this one the longer this bear market continues the BETTER.
Currently company such as Bitmain has enough funding to develop 7nm chips for their miners tells me that they rolling in cash and they will roll in cash/BTC even more the lower BTC drops. Quite the contrary on the notion that they are "suffering" in the bear market is probably complete bullshit.
Here is currently what I expect what large miner would be making with cheap hydro electric power and 2cents maybe even high these companies can literally buy dams for fuck sake they can drop power costs near a cent or more. So these are probably the worse case scenarios.
What they would make Now roughly
Spoiler (Click to View)
![[Image: f92c63dcf1f94b330ebd671db22cd0a2.png]](https://i.gyazo.com/f92c63dcf1f94b330ebd671db22cd0a2.png)
What they would have been making on OCT 4th, 2018
Spoiler (Click to View)
![[Image: 755f396f6b502e74b57871e19d088c6e.png]](https://i.gyazo.com/755f396f6b502e74b57871e19d088c6e.png)
Modest estimate of difficulty at the "Bottom" of $1100 so many people are talking about.
Spoiler (Click to View)
![[Image: dc967703d3b830c7e1c9526d1723baa0.png]](https://i.gyazo.com/dc967703d3b830c7e1c9526d1723baa0.png)
What I think the difficulty 1.1+e12 would be if "Bottom" of $1100 is reached
Spoiler (Click to View)
![[Image: c1c394cb9a8aadd9c6a71190f8818ca3.png]](https://i.gyazo.com/c1c394cb9a8aadd9c6a71190f8818ca3.png)
Honestly a drop from current price of $3400 to $1100(whatever TA bandwagon person is predicting now) would yield a difficulty drop well below 2+e12 to around 1.1+e12 this is because this is around the point where a typical at home miner would start seeing extremely small USD PROFIT again. Basically larger miners will continue making profit if not see a boost in profits again if prices do go lower and also gain a lot more BTC as difficulty drops. I expect hints of better market when small miners start creeping back in.
TL;DR- Big miners could profit more so in bear market they make roughly same amount of fiat and get more BTC into their pockets WHATS BETTER THAN THAT? wait for small time miners to start making $$ again thats the bottom. By the way I made the title to be as clickbait as possible on purpose.
![[Image: 1ZA9B3B.gif]](https://i.imgur.com/1ZA9B3B.gif)
![[Image: 183f2d723e0bff87789ae7d77999e23c.gif]](https://i.gyazo.com/183f2d723e0bff87789ae7d77999e23c.gif)
