2024 Diff thread happy New Years. - page 2.

joker_josue

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Activity: 1862

Merit: 5154

**In BTC since 2013**

Quote from: philipma1957 on November 04, 2024, 06:28:56 PM

Quote from: NotFuzzyWarm on November 04, 2024, 05:44:30 PM

Whoo....
workinfo_add(): DIFF CHANGE: hi=868896 delta=6.24%
new=101646843652785.2 prev=95672703408223.9

yeah big jump up

Well, it ends up being something to be expected, given the great appreciation of Bitcoin in recent weeks.
It starts to be profitable to turn on some machines again to mine.

@philipma1957 At this point, which machines are now viable to connect?

alh

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Activity: 1846

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With BTC price on it's current trajectory, I don't think we should expect any decline in difficulty for the remainder of the year.

philipma1957

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'The right to privacy matters'

Quote from: NotFuzzyWarm on November 04, 2024, 05:44:30 PM

Whoo....
workinfo_add(): DIFF CHANGE: hi=868896 delta=6.24%
new=101646843652785.2 prev=95672703408223.9

yeah big jump up

Quote

https://newhedge.io/terminal/bitcoin/difficulty-estimator

Latest Block:   868901 (14 minutes ago)
Current Pace:   88.0367% (6 / 6.82 expected, 0.82 behind)

Previous Difficulty:    95672703408223.94
Current Difficulty:    101646843652785.2

Next Difficulty:   between 101331505636771 and 101644963636265
Next Difficulty Change:   between -0.3102% and -0.0018%
Previous Retarget:   Today at 5:20 PM (+6.2444%)
Next Retarget (earliest):   November 18, 2024 at 5:36 PM (in 13d 23h 8m 7s)
Next Retarget (latest):   November 20, 2024 at 2:59 PM (in 15d 20h 31m 23s)
Projected Epoch Length:   between 14d 0h 16m 16s and 15d 21h 39m 32s

NotFuzzyWarm

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Activity: 3822

Merit: 2703

Evil beware: We have waffles!

Whoo....
workinfo_add(): DIFF CHANGE: hi=868896 delta=6.24%
new=101646843652785.2 prev=95672703408223.9

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: joker_josue on October 29, 2024, 03:10:42 AM

How is the profitability of miners, with the difficulty rising, and the fees so low?

Is this moment proof that mining can be profitable, without having absurd fees?

For cheap power mining works.

A t21 turns a profit at 8 cents even 10 cents

joker_josue

legendary

Activity: 1862

Merit: 5154

**In BTC since 2013**

How is the profitability of miners, with the difficulty rising, and the fees so low?

Is this moment proof that mining can be profitable, without having absurd fees?

alh

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Activity: 1846

Merit: 1052

Since I see BTC price breaking through the $70K barrier, I don't see much reason for big miners to let up on the hash rate "pressure" any time soon.

philipma1957

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Merit: 8950

'The right to privacy matters'

Quote from: mikeywith on October 27, 2024, 01:35:35 AM

Quote

Latest Block:
867550 (2 minutes ago)
Current Pace:
103.0954% (671 / 650.85 expected, 20.15 ahead)
Previous Difficulty:
92049594548485.47
Current Difficulty:
95672703408223.94
Next Difficulty:
between 97308247608057 and 98661173638436
Next Difficulty Change:
between +1.7095% and +3.1236%
Previous Retarget:
last Tuesday at 8:03 PM (+3.9360%)
Next Retarget (earliest):
November 5, 2024 at 9:57 AM (in 9d 1h 26m 10s)
Next Retarget (latest):
November 5, 2024 at 2:27 PM (in 9d 5h 55m 35s)
Projected Epoch Length:
between 13d 13h 54m 42s and 13d 18h 24m 7s

looks like we are back to the 2-4% incremental pace again, price is holding up and the summer is over, i would guess many underclocked gears are now operating at stock settings and possibly even overclocked in the next month or two.

there looks to be a shot at 100th difficulty in the month of November.

mikeywith

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Activity: 2436

Merit: 6643

be constructive or S.T.F.U

Quote

Latest Block:
867550 (2 minutes ago)
Current Pace:
103.0954% (671 / 650.85 expected, 20.15 ahead)
Previous Difficulty:
92049594548485.47
Current Difficulty:
95672703408223.94
Next Difficulty:
between 97308247608057 and 98661173638436
Next Difficulty Change:
between +1.7095% and +3.1236%
Previous Retarget:
last Tuesday at 8:03 PM (+3.9360%)
Next Retarget (earliest):
November 5, 2024 at 9:57 AM (in 9d 1h 26m 10s)
Next Retarget (latest):
November 5, 2024 at 2:27 PM (in 9d 5h 55m 35s)
Projected Epoch Length:
between 13d 13h 54m 42s and 13d 18h 24m 7s

looks like we are back to the 2-4% incremental pace again, price is holding up and the summer is over, i would guess many underclocked gears are now operating at stock settings and possibly even overclocked in the next month or two.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote

https://newhedge.io/terminal/bitcoin/difficulty-estimator

Latest Block:   864145 (9 minutes ago)

Current Pace:   101.6247% (1298 / 1277.25 expected, 20.75 ahead)
Previous Difficulty:   92671576265161.06
Current Difficulty:   88404402370999.9
Next Difficulty:   between 89664118010824 and 89850109437143
Next Difficulty Change:   between +1.4249% and +1.6353%
Previous Retarget:   September 25, 2024 at 3:39 PM (-4.6046%)
Next Retarget (earliest):   Wednesday at 10:16 AM (in 4d 21h 45m 12s)
Next Retarget (latest):   Wednesday at 10:57 AM (in 4d 22h 26m 5s)
Projected Epoch Length:   between 13d 18h 37m 41s and 13d 19h 18m 34s

1298 down 718 to go plus 20 blocks or about +1.6%

So our 88.4t may get to 90t plus or say

89.7-91.7 range earnings are around 4.38 cents

newhedge below

Latest Block:   864842 (10 minutes ago)

Current Pace:   104.3124% (1995 / 1912.52 expected, 82.48 ahead)

Previous Difficulty:   92671576265161.06
Current Difficulty:   88404402370999.9
Next Difficulty:   between 92222767549786 and 92223199813136
Next Difficulty Change:   between +4.3192% and +4.3197%
Previous Retarget:   September 25, 2024 at 3:39 PM (-4.6046%)
Next Retarget (earliest):   Tomorrow at 1:45 AM (in 0d 3h 21m 19s)
Next Retarget (latest):   Tomorrow at 1:45 AM (in 0d 3h 21m 24s)
Projected Epoch Length:   between 13d 10h 6m 33s and 13d 10h 6m 38s

stompix

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Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: philipma1957 on September 27, 2024, 02:13:49 PM

It is early and we are down. Some may be from the hurricane. 4 million are out of power and we have a few mines in the Carolina states and I think Alabama has a host.
But these are all small and may represent 1% tops.

For a while, it looked like it could be more but right now it's as flat as it could be

Quote

Latest Block: 863978 (14 minutes ago)
Current Pace: 99.9748% (1131 / 1131.29 expected, 0.29 behind)

I don't really recall when it was the last time we were off by less than a block after the one-thousand mark, but I'm sure it will go up again, that last adjustment of -4.6 % really came out of nowhere, and fractal mining rewards are getting slimmer and slimmer, it was over $30 a week ago and now sitting at $8 after crashing to $6. I would be more concerned about the bearish sentiment and a possible energy crisis than what those guys could pull off the network.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote

https://newhedge.io/terminal/bitcoin/difficulty-estimator

Latest Block:   863110 (14 minutes ago)

Current Pace:   92.2507% (263 / 285.09 expected, 22.09 behind)

Previous Difficulty:   92671576265161.06
Current Difficulty:   88404402370999.9
Next Difficulty:   between 81591881980345 and 86640069653228
Next Difficulty Change:   between -7.7061% and -1.9958%
Previous Retarget:   last Wednesday at 3:39 PM (-4.6046%)
Next Retarget (earliest):   October 9, 2024 at 10:32 PM (in 12d 7h 22m 6s)
Next Retarget (latest):   October 10, 2024 at 7:52 PM (in 13d 4h 42m 33s)
Projected Epoch Length:   between 14d 6h 53m 1s and 15d 4h 13m 28s

It is early and we are down. Some may be from the hurricane. 4 million are out of power and we have a few mines in the Carolina states and I think Alabama has a host.

But these are all small and may represent 1% tops.

TheYankeesWin!

sr. member

Activity: 465

Merit: 301

Quote

https://newhedge.io/terminal/bitcoin/difficulty-estimator

Latest Block:   862840 (11 minutes ago)
Current Pace:   95.4079% (2009 / 2105.70 expected, 96.7 behind)
Previous Difficulty:   89471664776970.77
Current Difficulty:   92671576265161.06

Dropping under 89 difficulty.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote

https://newhedge.io/terminal/bitcoin/difficulty-estimator
Latest Block:   862673 (9 minutes ago)

Current Pace:   95.1194% (1842 / 1936.51 expected, 94.51 behind)

Previous Difficulty:   89471664776970.77
Current Difficulty:   92671576265161.06
Next Difficulty:   between 88285762305293 and 88316898454908
Next Difficulty Change:   between -4.7326% and -4.6990%
Previous Retarget:   September 10, 2024 at 10:55 PM (+3.5765%)
Next Retarget (earliest):   Tomorrow at 4:02 PM (in 1d 6h 21m 34s)
Next Retarget (latest):   Tomorrow at 4:10 PM (in 1d 6h 29m 16s)
Projected Epoch Length:   between 14d 17h 6m 43s and 14d 17h 14m 25s

looks like a strong adjust for miners.

-3% to -5%

and price shifted up.

we were as low as 3.8 cents a th

by tomorrow we may be close to 5 cents a th

that is 31% up in profits

it will help a 10 cent miner with really good gear.

a t21 set to 160 th will earn 8 bucks and burn 6 bucks at 10 cents a kwatt

that would mean a small profit of 2 bucks a day vs 8 cent daily profit at 3.8 cents a th

so the cut off is a 16 watt per th miner (t21 set to 160 th does 16 watts a th)

at 10 cents

vs a 13 watt miner which is the s21xp at 10 cents that would do 10.26 earn and 9.60 burn profit of 60 cents with that 3.8 cent per th.

Quote

https://newhedge.io/terminal/bitcoin/difficulty-estimator

Latest Block:   862746 (13 minutes ago)

Current Pace:   95.0943% (1915 / 2013.79 expected, 98.79 behind)

Previous Difficulty:   89471664776970.77
Current Difficulty:   92671576265161.06
Next Difficulty:   between 88257249225163 and 88267802371517
Next Difficulty Change:   between -4.7634% and -4.7520%
Previous Retarget:   September 10, 2024 at 10:55 PM (+3.5765%)
Next Retarget (earliest):   Tomorrow at 4:13 PM (in 0d 17h 39m 29s)
Next Retarget (latest):   Tomorrow at 4:15 PM (in 0d 17h 42m 6s)
Projected Epoch Length:   between 14d 17h 17m 23s and 14d 17h 20m 0s

from newhedge

Latest Block:   862786 (24 minutes ago)

Current Pace:   95.2783% (1955 / 2051.88 expected, 96.88 behind)

Previous Difficulty:   89471664776970.77
Current Difficulty:   92671576265161.06
Next Difficulty:   between 88425522151965 and 88429231635438
Next Difficulty Change:   between -4.5818% and -4.5778%
Previous Retarget:   September 10, 2024 at 10:55 PM (+3.5765%)
Next Retarget (earliest):   Today at 3:34 PM (in 0d 10h 39m 18s)
Next Retarget (latest):   Today at 3:34 PM (in 0d 10h 40m 13s)
Projected Epoch Length:   between 14d 16h 38m 9s and 14d 16h 39m 4s

61 blocks to go around 10 hours more. and a very good miner adjustment will be here

Nexus9090

member

Activity: 259

Merit: 85

So many numbers and so little time

Quote from: mikeywith on September 23, 2024, 06:08:33 PM

Quote from: Nexus9090 on September 23, 2024, 05:16:55 PM

Merged mining doesn't do that good I'm afraid. I wasnt seeing a good ratio on F2pool, I dont recall the exact value but it was nothing like 2:1 it was a busted flush to be honest.

it is indeed 2:1 ratio, this is how fractal Bitcoin works, the procotol accepts 2 blocks on fractal own chain and then 1 block on BTC blockchain (merged), then back to 2 blocks on fractal.

so if people mine 99 blocks, 33 of them will be merged mined, this is what I understand from reading their documentations, correct me if I am missing something.

I'll have to go and take a look at the stats page when I get a minute, but I seem to recall it was 77:1 or something like that, but it wasnt clear what that actually meant.

mikeywith

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be constructive or S.T.F.U

Quote from: Nexus9090 on September 23, 2024, 05:16:55 PM

Merged mining doesn't do that good I'm afraid. I wasnt seeing a good ratio on F2pool, I dont recall the exact value but it was nothing like 2:1 it was a busted flush to be honest.

it is indeed 2:1 ratio, this is how fractal Bitcoin works, the procotol accepts 2 blocks on fractal own chain and then 1 block on BTC blockchain (merged), then back to 2 blocks on fractal.

so if people mine 99 blocks, 33 of them will be merged mined, this is what I understand from reading their documentations, correct me if I am missing something.

philipma1957

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Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: Nexus9090 on September 23, 2024, 05:16:55 PM

Quote from: mikeywith on September 22, 2024, 06:56:36 PM

-SNIP-

The total hashrate for Fractal as of right now is about 220EH, that's like 30% of the entire SHA256 hash power that we know exists, that much can't be coming from home miners, and quite honestly anyone who mines Fractal Bitcoin on permissionless mode is just a gambler, they are hopping for the price to spike, otherwise, just Megrge mine it and still make the same BTC + whatever you get from Fractal, it's 2:1 ratio so it isn't all that bad.

As for home miners, they are done for the most part regardless of which coin they mine, the game has changed, and the ship has sailed but some people don't want to see the truth.

Merged mining doesn't do that good I'm afraid. I wasnt seeing a good ratio on F2pool, I dont recall the exact value but it was nothing like 2:1 it was a busted flush to be honest.

I think you're probably correct the home mining ship has sailed, the only chance home miners have now is solo/lottery mining.

Even with 100's TH/s available to home mining, you would only benefit if you had completely free electricty.

solo mining is meh.

and large home mining is done.

but there are spots for a guy with a decent unit or 2 that needs winter heat.

also a few people have very limited cheap power.

say 3 -7kwatts but yeah mining is now industrial level

Nexus9090

member

Activity: 259

Merit: 85

So many numbers and so little time

Quote from: mikeywith on September 22, 2024, 06:56:36 PM

-SNIP-

The total hashrate for Fractal as of right now is about 220EH, that's like 30% of the entire SHA256 hash power that we know exists, that much can't be coming from home miners, and quite honestly anyone who mines Fractal Bitcoin on permissionless mode is just a gambler, they are hopping for the price to spike, otherwise, just Megrge mine it and still make the same BTC + whatever you get from Fractal, it's 2:1 ratio so it isn't all that bad.

As for home miners, they are done for the most part regardless of which coin they mine, the game has changed, and the ship has sailed but some people don't want to see the truth.

Merged mining doesn't do that good I'm afraid. I wasnt seeing a good ratio on F2pool, I dont recall the exact value but it was nothing like 2:1 it was a busted flush to be honest.

I think you're probably correct the home mining ship has sailed, the only chance home miners have now is solo/lottery mining.

Even with 100's TH/s available to home mining, you would only benefit if you had completely free electricty.

mikeywith

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Quote from: Nexus9090 on September 22, 2024, 01:59:05 PM

Fractal is a dud for the home miner, just not profitable. The only way it would work for the home miner is if there were solo pools for it. Spiderpool suggests they have one in operation but it looks like invite only, so again pointless.

Home miners pushed aside yet again by big farms.

The total hashrate for Fractal as of right now is about 220EH, that's like 30% of the entire SHA256 hash power that we know exists, that much can't be coming from home miners, and quite honestly anyone who mines Fractal Bitcoin on permissionless mode is just a gambler, they are hopping for the price to spike, otherwise, just Megrge mine it and still make the same BTC + whatever you get from Fractal, it's 2:1 ratio so it isn't all that bad.

As for home miners, they are done for the most part regardless of which coin they mine, the game has changed, and the ship has sailed but some people don't want to see the truth.

Nexus9090

member

Activity: 259

Merit: 85

So many numbers and so little time

Quote from: mikeywith on September 22, 2024, 01:38:41 PM

Actually here is an interesting page to watch hashrate estimates for Fractal https://explorer.unisat.io/fractal-mainnet/mining

We should ignore the "Merged Mining" numbers since those mine BTC as well, but look at "Permissionless Mining", we now have 20EH mining Fractal only, and were as high as 34EH, so that's 3% to 4% of the total available hashrate, with the current pace being -6% it could be 3-4% "Fractal" and the rest is just "luck", so it's possible that there is no actually hashrate drop, or maybe it's just a tiny 1% or so.

We shall find out when FB hype is done with.

Fractal is a dud for the home miner, just not profitable. The only way it would work for the home miner is if there were solo pools for it. Spiderpool suggests they have one in operation but it looks like invite only, so again pointless.

Home miners pushed aside yet again by big farms.

Topic: 2024 Diff thread happy New Years. - page 2. (Read 7577 times)