Topic: 2024 Diff thread happy New Years. - page 9. (Read 7776 times)

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!

price sucks bigly

we are -5.033%

-6.1%  price is 61.4k

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Latest Block:   850231  (10 minutes ago)

Current Pace:   93.2791%  (1496 / 1603.79 expected, 107.79 behind)

Previous Difficulty:   83716654861184.52                            
Current Difficulty:   83675262295059.9                            
Next Difficulty:   between 78127097699301 and 78473275861961
Next Difficulty Change:   between -6.6306% and -6.2169%
Previous Retarget:   June 20, 2024 at 5:14 AM  (-0.0494%)
Next Retarget (earliest):   Friday at 3:50 AM  (in 3d 19h 18m 1s)
Next Retarget (latest):   Friday at 5:26 AM  (in 3d 20h 54m 40s)
Projected Epoch Length:   between 14d 22h 35m 55s and 15d 0h 12m 33s


-6.7% and a small price jump to 62.7k

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Latest Block:   850541  (9 minutes ago)

Current Pace:   94.8430%  (1806 / 1904.20 expected, 98.2 behind)

Previous Difficulty:   83716654861184.52                           
Current Difficulty:   83675262295059.9                             
Next Difficulty:   between 79424832697997 and 79468634202458
Next Difficulty Change:   between -5.0797% and -5.0273%
Previous Retarget:   June 20, 2024 at 5:14 AM  (-0.0494%)
Next Retarget (earliest):   Tomorrow at 11:18 PM  (in 1d 12h 42m 17s)
Next Retarget (latest):   Tomorrow at 11:30 PM  (in 1d 12h 54m 11s)
Projected Epoch Length:   between 14d 18h 4m 17s and 14d 18h 16m 11s


-5.15% and a shitty 60.4k price. about 1 day to go.

I was thinking about Hurricane Beryl It may swing into Texas in a week maybe it knocks out a lot of power.

M
We had 5 out of 10  90+ days in NJ.

Pennsylvania and New York were also hot as was the Carolinas.

THOSE 4 states are over  150 megawatts of mining.  Which is 45000+ machines.

Um for the past 2 weeks temps in Texas and surrounding areas have already been in the high 90's to over 105F so odds are power curtailments are already in place... The East coast has also been having brutal temps so several smaller farms are cutting back during the daytime.

But will we see a reduction in difficulty of -6% in the next cycle?


Next week, I will present the report on the cycles I have been doing.

I guess this is the end of a quarter, and half year, possible a lot of small miners have decided to shut down at the end of the month, with higher power bills, and low or negative profit margins, that would be the normal explanation. Of course, there is also the eventuality of a heat wave and power curtailing in the US (??) but I see less than 10 exa fluctuation over at Foundry, that won't be enough.


90 blocks behind, with normal block time we would have emptied the mempool till 2.x sat/vb

well miners are shutting down left and right.
price is low.

earnings are 4.8 cents a th this is brutal.



Latest Block:   849746  (7 minutes ago)

Current Pace:   92.2243%  (1011 / 1096.24 expected, 85.24 behind)

Previous Difficulty:   83716654861184.52                           
Current Difficulty:   83675262295059.9                             
Next Difficulty:   between 77278320629415 and 78774950872363
Next Difficulty Change:   between -7.6450% and -5.8563%
Previous Retarget:   June 20, 2024 at 5:14 AM  (-0.0494%)
Next Retarget (earliest):   July 5, 2024 at 2:31 AM  (in 7d 6h 34m 55s)
Next Retarget (latest):   July 5, 2024 at 9:34 AM  (in 7d 13h 37m 20s)
Projected Epoch Length:   between 14d 21h 17m 20s and 15d 4h 19m 44s

Well, it looks like they are already turning off the machines.
This devaluation does not allow older machines to be in operation.

60k is hard on any s19 with 6cent power.

you need to buy a s21 or a t21

It seems to me that a $60K BTC price won't support a lot of increase in terms of actual new hash rate. Might "accelerate" the turnover of old gear with newer and more efficient gear, all with an associated fiat price cost to do so.

Do you think it would be interesting to create an online tool to share this knowledge/information?

I have over 25 mining units specs in my head at any given time.


s9
s15
s17
s17pro
s19
s19 pro
s19 xp
s21

t15
t21

Avalon 1246
avalon  1066
avalon  1166

what's miner m10
what's miner  m30
what's miner m50

avalon nano 3

antminer l3+
antminer l7

and a lot of  gpus which are more variable depending on what you mine.

if really pressed hard maybe I can go backwards and do

s7
s5
s4
s3

avalon 921
avalon 841
avalon 851

spondoollies sp20

when and if I forget I look them up on YouTube

I understand. Do you use a website to make these calculations, or are you just based on the knowledge you already have of this equipment?

https://www.viabtc.com/

shows 5.18 cents a th

a 100 th s19 does $5.18 pre power cost.

it burns 75 kwatts
cost below
2 cents.   $1.50
3 cents.   $2.25
4 cents.   $3.00
5 cents.   $3.75
6 cents.   $4.50
7 cents.   $5.25
8 cents.   $6.00
9 cents.   $6.75
10 cents  $7.50


so a s19 100th 30 watt machine turns a profit at 6 cent power and has a small loss at 7 cents

to understand these numbers better. Dec 2023 earnings were as high as 13 cents due to bigger block and great fee rates.

large mining firms are slowing ending the s19 and adding s21 or t21

the t21 is good the s21 is good

Which one?
About the income? It's pretty simple, hahsrate is still up as we look at 5 cents it means miners and their backers still can afford to let the mine with a combo of the s19 and s21 deployed, taking into account efficiency increase and still a positive inflow of capital we can assume new gear will push profitability below 5 cents, that 4!

The s19xp still brings 3.5$ a day at 5 cents, the s21pro will do 7$, so they will bring down income again for sure if the price doesn't jump!

As for obsolete gear, just taking a snapshot of the hashrate before the new generation was launched and approximating how many s19 would be needed so there are at least 3 million of them, so about 50 000 tones and twice the volume of the statue of liberty if we consider even older gear having just 25% of the hash rate. Aprimation but I don't think I'm that far off.