Topic: A new and improved BTC difficulty thread inclusive of every coin no censorship. - page 2. (Read 487 times)

I agree except for the mining sub-section. Mining is mining, there's no need for segregation.
I've also seen the hostility when someone stumbles onto their turf. There's no need for that either.

I'm just trying to show support for Phil, he doesn't deserve to be chased away like that.

more that eth is way way way better at $ per watt.

and with power becoming higher cost pick you best gear.

some that bch was godlike for a few days.

some that ltc/doge was better than bch was.



so if your power cost alters you drop the lessor coins.

@ fuzzy its cool

I have enough arguments in economics when I try to blend all POW  coins  into my watt  to dollar earnings ratio concept.

It's not just a thread - it is an entire section that is BTC only. Frankly, to cut down on noise about the few valid alts and the massive number of truly crap altcoins I for one prefer that the folks running the Forum keep it that way.

@Phil, personally I would have done this topic in the General Discussion or Economics area where discussion of any coin is not only allowed but expected...

I am not going to reveal all my thoughts about why including all POW  coins in difficulty threads is needed.

I am not going to reveal all my thoughts about why I do not like POS COINS.

BUT  my thoughts on what have happened to BTC diff and other diff  are as follows.

Power is the key asset to turn profit.

So watts per hash per earnings translate into dollar per watt.

SO the biggest miner is bitmain.

They run the most gear

They have asics for LTC/DOGE merged mining
They have asics for BTC and or BCH
They have asics for ETH

They get or build them cheaply however you want to explain it. They get bargain prices for the gear.

All facts


So sell cloud mining for LTC ETH and BTC along with BCH-they do
Make good cheap machines-they do


I believe they have excess

LTC/DOGE asics
BTC+BCH asics
ETH asics

if they can raise coin prices and tamp down difficulty they never need to sell their gear they can mine

lets say 144 x 7.25 = 1044 bitcoins every day new and fees

1024x60000 = 62,640,000 a day in BTC wealth

lets say 144 x 6.25+ 5  = 905 a day in BCH or 905,000 a day in BCH wealth

lets say 5.3 mill x 100 x .09 = 47,700,000 a day in ETH wealth

lets say

6.81 x 302300 = 2,058,663 a day in LTC wealth

14,972,094 x .3 = 4,491,628 a day in LTC wealth


so above is about what is mined today in 1 day for all the coins I mention

it adds to 117.79 million a day x 365 is 42,995,281,215

 42 billion a year in new mining coins.  

Why sell gear when carefully  shifting your excess gear always maxes your wealth per watt.


So they sell gear when mining prices crash.  Look at diff raise like mad in 2018 as prices drop.

This cycle someone on their team has figured out by holding back gear and having excess gear for all the cloud ops they can maneuver pricing of coins.

SO before the diff crash due to the coal shortage.

Eth diff went up higher and higher

BTC was flat or close to flat.  

They used 120% eth for every 100% they needed to pay the eth cloud miners off.

The extra 20%eth  was used to buy btc to pay some of the btc cloud miners. this saved them power cost.   remember all their gear is cheap for them so having 120 machines when they need 100 machines is easy for them.

Now we had a huge drop in power in china due to the coal issues .

You are bitmain you are getting power cut backs from the government.

You shut down some btc and turn on excess eth

here

btc 100% of the cloud gear needed   but you have  130%
ltc  100% of the cloud gear needed  but you have  130%
eth 100% of the cloud gear needed  but you have  130%

they have to do a massive shift to cover the power cuts and it is easy to see the pattern now.

but phil why not sell gear.

here is why. they can make a s19pro for under 2k and get 9k so 7k profit.

sell 10 = 70k
sell 100 = 700k
sell 1000 = 7m
sell 10000 = 70m
sell 100000 = 700m
sell 1000000 = 7b  

lets pretend they sell 1 million and turn 7billion profit


So showed at the top of the post there is about 42billion in coins to be mined.  and 1 million s19 units is
110eh so if they sold that much gear.  the network jumps to 160+110 = 270 eh

their 30% share of mining in the cloud drops to 17%

so 17% of 42 is 7.14 billion in mining with 7 billion in sales = 14 billion

or 30% of 42 = 12.6 billion in mining with 0 in sales seems worse to do what I say .

nope they set preorders 6 to 9 months in advance  sell 200000 miners profit 1.4 billion on them.

and they have up front money same profits by selling 200,000 as they do by selling 1,000,000

Yeah that's why I think BTC diff is not growing and ETH is growing.
along with BTC price doing 3x 2017 price and eth only doing 1.6 x 2017 prices.

It is what it is. Not sure how it shakes out in the long run.

A thread for BTC mining exclusively has been obsolete since 2014.
Since 2014 BTC is no longer the only large cap coin, sha256d is no longer the only ASIC mineable algorithm,
and many altcoins use the same mining equipment as BTC and face the same issues.

That BTC purity is still strictly enforced is nothing less than elitism, or at the risk of violating Godwin's law,
another kind of "ism".

I didn't dare ask the question in the other thread, so thank you for creating this one. Is it the power shortage in China that is responsible for the huge drop in hashrate OR because people switched over to mining BCH when the earnings were significantly higher than BTC?

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I have been running difficulty threads for BTC in the BTC mining section.

I have had too many complaints and censorship that I include alt coins in the threads as explanations as to why BTC diff is down.  Rather  than fight against the idea of BTC maximalism I will post here in this thread.

I will not delete other than:

 fuck blow me bitch type posts
 I will kill you posts

All opinions are welcome.