Warning This Is Your Bitcoin And Litecoin Forecast

  If you consult Online Crypto Currency Mining Calculators at this present time, and input the data for such advance mining hardware as the Bitmain Antminer series of ASIC miners for Bitcoin and the L3 miners for Litecoin, with their hash rates per second and power consumption, you will find that at this present time Bitcoin and Litecoin face a dim future unless technology can make some sort of advancement to catch up to continue to make mining profitable.  And mining is important since it is the process of cracking open and reading blocks which are the transaction ledgers of crypto currency to record and verify them so that the same transactions can not be conduct twice and defraud the system.  Hence miners get paid to do this, however Bitcoin and Litecoin mining operations must invest in the equipment and expect to make a good return on that investment.  The thing is equipment such as the Bitmain miners as advance and state of the art as they are, consume too much energy to be able to keep up with the block mining demand.

  What complicates this is that with each block sent out to be cracked by miners every 10 minutes on the Internet has an increased difficulty in terms of opening and decoding.  This mean that things slow down with each block mined and therefore as you will see via online calculators, the profits for miners diminish over the course of a year.  If you understand what is happening you will see that eventually the technology will not be able to surpass the size and complexity of the coming blocks in the chain.  Cost to crack open a block increases with the complexity.  Hence profits diminish with time until it you reach the point where operating the mining equipment cost more than the profits of what you are mining.
 

Bitmain Antiminer Units

  Given a good examination of something such as the Bitmain Antminer S9 used to mine Bitcoins which is rated at 14 Th (14000 Gh) at 1375 watts and sell for around $2000 from the company and higher on Ebay and Amazon, you will see that in 365 days your investment into the miner will be useless.  Hence these crypto currencies must come up with some technological advancements in this year or else the crunch of these currencies will begin.  Use the online calculator link below to confirm this.

http://www.vnbitcoin.org/bitcoincalculator.php

  Furthermore you should consult as many online Bitcoin Mining Profits Calculators as you can to verify this scenario.

  Unless Bitcoin has its own proprietary mining process to crack and read each of its own blocks, which requires far less electrical power than most mining operations use to assist in the block chain process, it has reached the peak of the state of the art in technology and can go no further, mining hence will become unprofitable and then begins the demise of crypto currency.  Or else a more efficient means of producing and keeping track of Bitcoin transactions has to be devised in order to continue and quickly.

  Unless Bitcoin can at least double the current value of the Bitcoin and help make mining continue to be profitable mining operations will end.  This does not seem to be feasible although it is the hope of miners who within a few monthst factor in is the cost of cooling associated with large mining operations.  Our Antiminer rated to 1375 watts (not including the power supply) equivocates to 4691 Btu.  Consider then 10 units?  How about 50 units?  In some large mining operations they utilize thousands of units and must not only account for a massive power bill for the devices but for the massive cost of cooling inside the facility.

  You owe it to yourself to look into this and forewarn those who would invest in Bitcoin or into mining Litecoin, the crypto currency market has some explaining to do and soon.

  Sadly I have advertised getting free Bitcoins and now I have my doubts about them continuing onwards through this year.  We need a technological advancement and soon!

  Here is a massive Bitcoin mining operation using Bitmain Antminers, as you can see airconditioning in such an operation is of great concern as well as cost, not to forget the 1.375 kW of each unit.