Topic: 2024 Diff thread happy New Years. - page 8. (Read 7776 times)

Hashrate is not recorded anywhere on the blockchain, but difficulty can be used to estimate hashrate = diff  2^32

The highest diff we had was 88T, but on some days we found a lot more blocks than average, the highest daily hashrate we ever hit was 732EH, that's a shit load of gears running.

By chance I was going to ask what the ATH of the hash was.

Really, in the current scenario, I think it will be difficult to return to these values. Unless the super large mining companies continue to significantly increase their farms. Honestly, I don't think so, as there is no indication that the price of BTC will start to rise sharply.

So the highest difficulty we had was 88.10T, using the previous halving data, I calculated that we would drop a minimum of 15%, which puts us at 74.88T, the lowest we did so far is 79.49T, I still think we have a room to the downside, regardless, obviously, if we make a new ATH either in price or difficulty, then the 75T theory is out the window, however, I don't see either of these things happening this year.


The current data is as follows:

           


I doubt we can sustain the 7% 10%, but let's wait and see.            

early but price of coin went up to 66.7k and that seems to be moving us back near the ATH for hash

pretty large + over 3%

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!