Topic: 2024 Diff thread happy New Years. - page 8. (Read 7577 times)

You have to think that in the end you are collecting BTC, which will most likely be worth much more "tomorrow" than it is today. It's a medium-long term investment! 

I am only doing t21's and they have been in profit. My mining footprint is greatly reduced to under 20kwatts from over 200kwatts.

I spend under 700 a month in power and earn around 900 terrible margins but profit none the less.

It makes perfect sense.
Have you had these months of losses, or even with low profitability, have you managed to remain positive?

My new contract one year long has a one month penalty if I ask to cancel it.

That would be a certain loss for me. I may risk 3 losing months before I decide to cancel a contract. As I would lose maybe 10% on the contract on a bad month

Ie a 220 a month may net 180-200 on a really bad month. So waiting 3 months is a loss of 60-120. which is better than dropping 220 with a cancel out.

Do you think we will start to see machines being turned on again?
Many people have probably already ended their contracts with electricity companies.

price is up to 64.9k and diff is up quite a bit  we could get all of last loss back in this 1 jump

miners and pools can manipulate fees not prices.

BTC Price is strictly a matter of supply & demand with what the buyers & sellers are willing to pay or ask for. Miners and pools have nothing to do with it.
edit: Fees of course a whole different matter but biggest issue with them can be when another NFT/Ordinal/Rune spam craze starts driving fees through the roof.

at what point are large scale miners or even pools manipulating prices in order to stay profitable, do you think this has already happened?

I even looked on their website to see if I could find this graph, but I didn't find anything.

The closest thing I found was this: https://www.f2pool.com/miners
I don't know if it's very different from what other pools present.

great chart but it is at 8 cents

would love to see it at:

 7 cents
 6 cents
 5 cents

I suspect most of the big farms are under 8 cents and over 5 cents.

I use 5 as the minimum as pretend power is 3 add infrastructure , breakage , labor at 2 cents , also loan interest

gives you five cents total cost.

a 30 watt 100 th machine earns $4.70 and burns $3.60

this is why a total collapse in mining has not happened.

Why choose to show 56, 58, and 60! Do it for 50k! Paint the town red!!!!  

Anyhow, speaking of hydros,
https://shop.bitmain.com/product/detail?pid=00020240522173522667K739304605B3
11 $/T, spot instant shipping and 22J/t ?
I need to do a bit of math but at that price and cheap energy it beats the S21 in ROI terms by far...I suppose!

Diff climbing a bit:


And 2 mils are with no power in Texas, seems nothing is affecting datacenters!

F2Pool made a very interesting table about the profitability of ASICs.

Without a doubt, some profound changes in mining have to happen soon.


Source: https://x.com/f2pool_official/status/1808821272014713257/photo/1

Latest Block:   850966  (5 minutes ago)


Current Pace:   93.5327%  (215 / 229.87 expected, 14.87 behind)

Previous Difficulty:   83675262295059.9                            
Current Difficulty:   79495195323031.48                            
Next Difficulty:   between 74717475002403 and 78481873346171
Next Difficulty Change:   between -6.0101% and -1.2747%
Previous Retarget:   last Thursday at 11:10 PM  (-4.9956%)
Next Retarget (earliest):   July 19, 2024 at 3:51 AM  (in 12d 14h 22m 48s)
Next Retarget (latest):   July 19, 2024 at 10:24 PM  (in 13d 8h 55m 18s)
Projected Epoch Length:   between 14d 4h 41m 28s and 14d 23h 13m 58s


-6.46%

Price is under 58k

Viabtc is 4.69 cents a th

A s21 costs 2.4cents in power per th if you have 5cent power
A t21 costs  2.6cents in power per th if you have 5cent power
A s19xp cost 3.6.cents in power per th, if you have 5cent power
A s19pro cost 3.8 cents in power per th if you have 5cent power

Very tight margins

---

---

Latest Block:   851146  (4 minutes ago)

Current Pace:   99.5932%  (395 / 396.61 expected, 1.61 behind)

Previous Difficulty:   83675262295059.9                             
Current Difficulty:   79495195323031.48                           
Next Difficulty:   between 79395706138183 and 79459999853937
Next Difficulty Change:   between -0.1252% and -0.0443%
Previous Retarget:   last Thursday at 11:10 PM  (-4.9956%)
Next Retarget (earliest):   July 18, 2024 at 11:39 PM  (in 11d 6h 22m 58s)
Next Retarget (latest):   July 19, 2024 at 12:32 AM  (in 11d 7h 16m 12s)
Projected Epoch Length:   between 14d 0h 29m 6s and 14d 1h 22m 20s

well low prices and heat have us very low
-14.443%
[/quote]

Way too early Phil


we lost just 4 blocks in 110, so the last day is closer to 6%!

I don't see it dropping by 15% even with the mother of all hurricanes, yup, more than 20% of the hashrate could be affected in Teas but it would have been to be like that for two weeks, and I don't think it's possible to have such a blackout.
Besides, my maybe flawed logic is that if powerlines go down there's no need for curtailing since there is less demand and miners are close to the generation source, so they will have all the power they need while they can't even ask for it!

Viabtc is back 5 cents/ths, it's all about the price now!

well low prices and heat have us very low

-14.443%

Well I had :

41 rtx a4000    
11 rtx a4500
 8 rtx  a5000

I now have :

6 rtx a4000
4 rtx a4500
0 rtx a5000

23 a4000 netted me about 11500 after ebay fees  
 7 a4500 netted me about    5500 after ebay fees
 8 a5000 netted me about    8800 after ebay fees

so about 26,000 in sales.

 I get more than ½ that  as 12 of the a4000's I took the cash to make up for the 12 cards I  gave to my partner in a case

the rtx a4000/a4500/a5000 are considered to be AI cards so they sell at a higher price

than rtx 3070 rtx 3080 rtx 3090 which are the gamer equivalents.

I have 30 plus 3090's which will list for sale once I move the a4000,a4500,a5000 cards

I estimate 20k plus for those 3090's and a few 3090 ti's

For me the price crash on btc is good as I am not mining much at all.

1 L7 and some grin gear along with some Avalon Nano's.

I will end up buying BTC on the cheap.

Do you think it won't go up again until the elections?

It's still a good strategy to sell these graphics to buy coins. Are you having success in sales?

if we could drop a bit more in price say 52k and stick at that we could see a 10% mining drop next jump.

this could be similar to May June July  of 2021

We may not see much recovery until Nov elections are done .

hodl hodl hodl

I am selling off gpus on eBay and buying coins.

https://www.ebay.com/sch/i.html?_dkr=1&iconV2Request=true&_blrs=recall_filtering&_ssn=philipma1957&store_name=philipma1957computergearandmore&_oac=1




we did -4.99%

Is there anything major in his direct path?
https://www.nhc.noaa.gov/graphics_at2.shtml?start#contents

As far as I know Rockdale which is home to the biggest farms is like the center of a triangle between the three major cities, where are those datacenters actually located, coast, top Dallas, west?
It's funny for us Europeans to say Texas is narrowing down things when Texas is twice the size of Germany 

Anyhow price does suck, and because of the current slow place and slow blocks again the graphs on income over 24 hours are screwed.

if we don't bounce back as we did now to 58k and over and go below 55k some big guy will throw the towel!