Topic: Are some miners quitting already ? (Read 784 times)

Quote from: philipma1957 on July 01, 2021, 04:59:03 PM

Quote from: swogerino on June 30, 2021, 04:10:55 PM

Quote from: Didz on July 02, 2021, 01:49:13 PM

Then you can use satellite Internet from companies in neighboring countries.
So that the IP address is not Chinese and then there will be no problems.
This equipment costs $ 500-1000.
Miners will have to set up bunkers in the ground to hide from the thermal imager.
It's not funny anymore.

Where I am located some people are being arrested because they don't pay electricity.The bad thing is that the media write articles which tell the people "Arrested the person with a Bitcoin factory" referring to this guy who had 11 Antminers S19.Of course he got what he deserved as he was cheating the government but then the police and media added to him a lot of false accusation,like "Cybernetic crime", "Bitcoin production" etc while here the law is that cryptos are allowed.You are right it is not funny anymore and every day that passes it is becoming an even more mess.

You better navigate your situation.
If miners start to go to jail, then it is better to legalize your business or sell equipment.
And it makes no sense to believe the publications in the press, because in most cases, more than 50% of this is a deception. These articles are written for money.

When was a kid a million years ago in the 1960s

Communist Russia was taught to us in the USA 🇺🇸 to be the “bad” guys.

Here was a list of reasons.

Kids are raised in day care.
The mothers go to work and do not raise the kids.
Abortions are legal.
Kids are told to rat out and inform on their parents.

okay now in USA.
kids are raised in day care. well over 50%
The mothers go to work and dont raise the kids.
Abortions are legal in every USA state.
Kids have the ability to call ½ dozen or so government agencies. To rat out or inform on their parents!

Oh yeah russia is still the “bad” guys.

This time it is Putin to blame.

I am sure in 20-30 years Putin will be gone and USA 🇺🇸 will have some other story as to why Russia is the “bad” guy.

You have to look at the big picture world wide. The press is simply a tool used to divide and conquer the people .

If it is going this way i would like tell my thoughts.
I think it is all manupulative game and all people in the world are instrument for this. I think nearly all countries belong to couple of people who control everything those people have most money and shares and im sure they have big amount of BTC too.People who we see on TV they are puppets of those in control. They always keeps our brain busy with fake news and also makes us afraid like virus or war. ive been in many country and saw nearly same things. I think main project is how to make people slave beautifully. Best way they do it like this: Make people hate each other in this way 3rd person makes profit.

Yes it's pretty much the media theory of Noam Chomsky.
The people who control most of the capitals in the world I call them the ghost kings.

ditch the TV or use with caution, i ditched it more than a decade ago. telling you who to love, hate, heroes, right, wrong, eat etc.

i knew i was about to ditch the TV at that time when i was reduced to only watching two channels, national geographic and discovery channel...because i prefer just watching animals roam around in their habitat.

the internet is far superior, you watch whatever, whoever and whenever you want.

Yup, personally when I sit in front of my TV I go straight on YouTube and start watching the left propaganda Democracy Now! which has informative news then I watch Stephen Colbert and after maybe some videos on Cryptos or Documentaries.

The latest Rick & Morty Season 5 is amazing!

arielbit

legendary

Activity: 3444

Merit: 1061

Quote from: philipma1957 on July 01, 2021, 04:59:03 PM

Quote from: swogerino on June 30, 2021, 04:10:55 PM

Then you can use satellite Internet from companies in neighboring countries.
So that the IP address is not Chinese and then there will be no problems.
This equipment costs $ 500-1000.
Miners will have to set up bunkers in the ground to hide from the thermal imager.
It's not funny anymore.

Where I am located some people are being arrested because they don't pay electricity.The bad thing is that the media write articles which tell the people "Arrested the person with a Bitcoin factory" referring to this guy who had 11 Antminers S19.Of course he got what he deserved as he was cheating the government but then the police and media added to him a lot of false accusation,like "Cybernetic crime", "Bitcoin production" etc while here the law is that cryptos are allowed.You are right it is not funny anymore and every day that passes it is becoming an even more mess.

You better navigate your situation.
If miners start to go to jail, then it is better to legalize your business or sell equipment.
And it makes no sense to believe the publications in the press, because in most cases, more than 50% of this is a deception. These articles are written for money.

When was a kid a million years ago in the 1960s

Communist Russia was taught to us in the USA 🇺🇸 to be the “bad” guys.

Here was a list of reasons.

Kids are raised in day care.
The mothers go to work and do not raise the kids.
Abortions are legal.
Kids are told to rat out and inform on their parents.

okay now in USA.
kids are raised in day care. well over 50%
The mothers go to work and dont raise the kids.
Abortions are legal in every USA state.
Kids have the ability to call ½ dozen or so government agencies. To rat out or inform on their parents!

Oh yeah russia is still the “bad” guys.

This time it is Putin to blame.

I am sure in 20-30 years Putin will be gone and USA 🇺🇸 will have some other story as to why Russia is the “bad” guy.

You have to look at the big picture world wide. The press is simply a tool used to divide and conquer the people .

If it is going this way i would like tell my thoughts.
I think it is all manupulative game and all people in the world are instrument for this. I think nearly all countries belong to couple of people who control everything those people have most money and shares and im sure they have big amount of BTC too.People who we see on TV they are puppets of those in control. They always keeps our brain busy with fake news and also makes us afraid like virus or war. ive been in many country and saw nearly same things. I think main project is how to make people slave beautifully. Best way they do it like this: Make people hate each other in this way 3rd person makes profit.

Yes it's pretty much the media theory of Noam Chomsky.
The people who control most of the capitals in the world I call them the ghost kings.

ditch the TV or use with caution, i ditched it more than a decade ago. telling you who to love, hate, heroes, right, wrong, eat etc.

i knew i was about to ditch the TV at that time when i was reduced to only watching two channels, national geographic and discovery channel...because i prefer just watching animals roam around in their habitat.

the internet is far superior, you watch whatever, whoever and whenever you want.

Didz

member

Activity: 192

Merit: 11

Quote from: philipma1957 on July 01, 2021, 04:59:03 PM

Quote from: swogerino on June 30, 2021, 04:10:55 PM

Then you can use satellite Internet from companies in neighboring countries.
So that the IP address is not Chinese and then there will be no problems.
This equipment costs $ 500-1000.
Miners will have to set up bunkers in the ground to hide from the thermal imager.
It's not funny anymore.

Where I am located some people are being arrested because they don't pay electricity.The bad thing is that the media write articles which tell the people "Arrested the person with a Bitcoin factory" referring to this guy who had 11 Antminers S19.Of course he got what he deserved as he was cheating the government but then the police and media added to him a lot of false accusation,like "Cybernetic crime", "Bitcoin production" etc while here the law is that cryptos are allowed.You are right it is not funny anymore and every day that passes it is becoming an even more mess.

You better navigate your situation.
If miners start to go to jail, then it is better to legalize your business or sell equipment.
And it makes no sense to believe the publications in the press, because in most cases, more than 50% of this is a deception. These articles are written for money.

When was a kid a million years ago in the 1960s

Communist Russia was taught to us in the USA 🇺🇸 to be the “bad” guys.

Here was a list of reasons.

Kids are raised in day care.
The mothers go to work and do not raise the kids.
Abortions are legal.
Kids are told to rat out and inform on their parents.

okay now in USA.
kids are raised in day care. well over 50%
The mothers go to work and dont raise the kids.
Abortions are legal in every USA state.
Kids have the ability to call ½ dozen or so government agencies. To rat out or inform on their parents!

Oh yeah russia is still the “bad” guys.

This time it is Putin to blame.

I am sure in 20-30 years Putin will be gone and USA 🇺🇸 will have some other story as to why Russia is the “bad” guy.

You have to look at the big picture world wide. The press is simply a tool used to divide and conquer the people .

If it is going this way i would like tell my thoughts.
I think it is all manupulative game and all people in the world are instrument for this. I think nearly all countries belong to couple of people who control everything those people have most money and shares and im sure they have big amount of BTC too.People who we see on TV they are puppets of those in control. They always keeps our brain busy with fake news and also makes us afraid like virus or war. ive been in many country and saw nearly same things. I think main project is how to make people slave beautifully. Best way they do it like this: Make people hate each other in this way 3rd person makes profit.

Yes it's pretty much the media theory of Noam Chomsky.
The people who control most of the capitals in the world I call them the ghost kings.

wtfonly16

full member

Activity: 285

Merit: 105

gpus still stupid expensive so no, nobody is quitting.

vectisitch

legendary

Activity: 1927

Merit: 1004

Quote from: philipma1957 on July 01, 2021, 04:59:03 PM

Quote from: swogerino on June 30, 2021, 04:10:55 PM

Quote from: philipma1957 on July 01, 2021, 04:59:03 PM

Then you can use satellite Internet from companies in neighboring countries.
So that the IP address is not Chinese and then there will be no problems.
This equipment costs $ 500-1000.
Miners will have to set up bunkers in the ground to hide from the thermal imager.
It's not funny anymore.

Where I am located some people are being arrested because they don't pay electricity.The bad thing is that the media write articles which tell the people "Arrested the person with a Bitcoin factory" referring to this guy who had 11 Antminers S19.Of course he got what he deserved as he was cheating the government but then the police and media added to him a lot of false accusation,like "Cybernetic crime", "Bitcoin production" etc while here the law is that cryptos are allowed.You are right it is not funny anymore and every day that passes it is becoming an even more mess.

You better navigate your situation.
If miners start to go to jail, then it is better to legalize your business or sell equipment.
And it makes no sense to believe the publications in the press, because in most cases, more than 50% of this is a deception. These articles are written for money.

When was a kid a million years ago in the 1960s

Communist Russia was taught to us in the USA 🇺🇸 to be the “bad” guys.

Here was a list of reasons.

Kids are raised in day care.
The mothers go to work and do not raise the kids.
Abortions are legal.
Kids are told to rat out and inform on their parents.

okay now in USA.
kids are raised in day care. well over 50%
The mothers go to work and dont raise the kids.
Abortions are legal in every USA state.
Kids have the ability to call ½ dozen or so government agencies. To rat out or inform on their parents!

Oh yeah russia is still the “bad” guys.

This time it is Putin to blame.

I am sure in 20-30 years Putin will be gone and USA 🇺🇸 will have some other story as to why Russia is the “bad” guy.

You have to look at the big picture world wide. The press is simply a tool used to divide and conquer the people .

If it is going this way i would like tell my thoughts.
I think it is all manupulative game and all people in the world are instrument for this. I think nearly all countries belong to couple of people who control everything those people have most money and shares and im sure they have big amount of BTC too.People who we see on TV they are puppets of those in control. They always keeps our brain busy with fake news and also makes us afraid like virus or war. ive been in many country and saw nearly same things. I think main project is how to make people slave beautifully. Best way they do it like this: Make people hate each other in this way 3rd person makes profit.

You are awake my friend. This is exactly how i see this world

batsonxl

member

Activity: 1201

Merit: 26

Quote from: swogerino on June 30, 2021, 04:10:55 PM

Then you can use satellite Internet from companies in neighboring countries.
So that the IP address is not Chinese and then there will be no problems.
This equipment costs $ 500-1000.
Miners will have to set up bunkers in the ground to hide from the thermal imager.
It's not funny anymore.

Where I am located some people are being arrested because they don't pay electricity.The bad thing is that the media write articles which tell the people "Arrested the person with a Bitcoin factory" referring to this guy who had 11 Antminers S19.Of course he got what he deserved as he was cheating the government but then the police and media added to him a lot of false accusation,like "Cybernetic crime", "Bitcoin production" etc while here the law is that cryptos are allowed.You are right it is not funny anymore and every day that passes it is becoming an even more mess.

You better navigate your situation.
If miners start to go to jail, then it is better to legalize your business or sell equipment.
And it makes no sense to believe the publications in the press, because in most cases, more than 50% of this is a deception. These articles are written for money.

When was a kid a million years ago in the 1960s

Communist Russia was taught to us in the USA 🇺🇸 to be the “bad” guys.

Here was a list of reasons.

Kids are raised in day care.
The mothers go to work and do not raise the kids.
Abortions are legal.
Kids are told to rat out and inform on their parents.

okay now in USA.
kids are raised in day care. well over 50%
The mothers go to work and dont raise the kids.
Abortions are legal in every USA state.
Kids have the ability to call ½ dozen or so government agencies. To rat out or inform on their parents!

Oh yeah russia is still the “bad” guys.

This time it is Putin to blame.

I am sure in 20-30 years Putin will be gone and USA 🇺🇸 will have some other story as to why Russia is the “bad” guy.

You have to look at the big picture world wide. The press is simply a tool used to divide and conquer the people .

If it is going this way i would like tell my thoughts.
I think it is all manupulative game and all people in the world are instrument for this. I think nearly all countries belong to couple of people who control everything those people have most money and shares and im sure they have big amount of BTC too.People who we see on TV they are puppets of those in control. They always keeps our brain busy with fake news and also makes us afraid like virus or war. ive been in many country and saw nearly same things. I think main project is how to make people slave beautifully. Best way they do it like this: Make people hate each other in this way 3rd person makes profit.

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

Quote from: swogerino on June 30, 2021, 04:10:55 PM

Quote from: swogerino on June 30, 2021, 04:10:55 PM

Then you can use satellite Internet from companies in neighboring countries.
So that the IP address is not Chinese and then there will be no problems.
This equipment costs $ 500-1000.
Miners will have to set up bunkers in the ground to hide from the thermal imager.
It's not funny anymore.

Where I am located some people are being arrested because they don't pay electricity.The bad thing is that the media write articles which tell the people "Arrested the person with a Bitcoin factory" referring to this guy who had 11 Antminers S19.Of course he got what he deserved as he was cheating the government but then the police and media added to him a lot of false accusation,like "Cybernetic crime", "Bitcoin production" etc while here the law is that cryptos are allowed.You are right it is not funny anymore and every day that passes it is becoming an even more mess.

You better navigate your situation.
If miners start to go to jail, then it is better to legalize your business or sell equipment.
And it makes no sense to believe the publications in the press, because in most cases, more than 50% of this is a deception. These articles are written for money.

When was a kid a million years ago in the 1960s

Communist Russia was taught to us in the USA 🇺🇸 to be the “bad” guys.

Here was a list of reasons.

Kids are raised in day care.
The mothers go to work and do not raise the kids.
Abortions are legal.
Kids are told to rat out and inform on their parents.

okay now in USA.
kids are raised in day care. well over 50%
The mothers go to work and dont raise the kids.
Abortions are legal in every USA state.
Kids have the ability to call ½ dozen or so government agencies. To rat out or inform on their parents!

Oh yeah russia is still the “bad” guys.

This time it is Putin to blame.

I am sure in 20-30 years Putin will be gone and USA 🇺🇸 will have some other story as to why Russia is the “bad” guy.

You have to look at the big picture world wide. The press is simply a tool used to divide and conquer the people .

FP91G

legendary

Activity: 1834

Merit: 1131

Quote from: swogerino on July 01, 2021, 02:05:07 AM

Then you can use satellite Internet from companies in neighboring countries.
So that the IP address is not Chinese and then there will be no problems.
This equipment costs $ 500-1000.
Miners will have to set up bunkers in the ground to hide from the thermal imager.
It's not funny anymore.

Where I am located some people are being arrested because they don't pay electricity.The bad thing is that the media write articles which tell the people "Arrested the person with a Bitcoin factory" referring to this guy who had 11 Antminers S19.Of course he got what he deserved as he was cheating the government but then the police and media added to him a lot of false accusation,like "Cybernetic crime", "Bitcoin production" etc while here the law is that cryptos are allowed.You are right it is not funny anymore and every day that passes it is becoming an even more mess.

You better navigate your situation.
If miners start to go to jail, then it is better to legalize your business or sell equipment.
And it makes no sense to believe the publications in the press, because in most cases, more than 50% of this is a deception. These articles are written for money.

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

4 major coins

https://www.coinwarz.com/mining/bitcoin/hashrate-chart
https://www.coinwarz.com/mining/ethereum/hashrate-chart

https://www.coinwarz.com/mining/dogecoin/hashrate-chart
https://www.coinwarz.com/mining/litecoin/hashrate-chart

I come up with this idea.

BTC
LTC/Doge

both are down bigly

40% maybe 50%. they use all asic. and this show a lot of hash was located in China

Eth drops under 25%

they use asics and gpus
this shows a lot of miners are smaller use GPUs and are not in China

BTC 191 may 9 down to 87 July 1 down 54.4%
LTC 395 June 7 down to 185 July 1 down 53.1%
Doge 427 June 10 down to 215 July 1 down 50.1%
Eth 687 May 20 down to 495 July 1 down 27.9%

arielbit

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Activity: 3444

Merit: 1061

Quote from: adaseb on June 30, 2021, 09:34:08 PM

Quote from: SophiaZ on June 30, 2021, 09:32:57 AM

Quote from: adaseb on June 30, 2021, 09:34:08 PM

There are a lot of video cards in China, I think they are easier to hide because they do not make much noise and do not consume a lot of electricity. And they give more profit per 1 kilowatt of consumed electricity.
So far, only large mining farms are being closed in China, and when they start looking for small farms with 500-1000 video cards, the hashrate will decrease even more.

I don't think noise is what is going to get people busted for mining in China. I think the larger issue is mostly heat which is difficult to hide. These days there are sophisicated thermal imaging cameras and they can easily scan different areas of the country and determine who is mining and who is not.

In the USA they do this to actually catch people who are growing (or did when illegal) marijuana. Basically some chopper would fly around high risk areas and try and find someone with an operation. Some miners actually got visited by police because they were suspicious what they were doing which generated all that heat.

Chinese authorities do not need to check about heat or electricity cost, they just have to check which place (house, office or warehouse) in China connect to mining pools such as asia.ethermine.org, btc-na.f2pool.com, they can get a list of each internet user connecting to these pools easily. They have some kind of software, they just have to type a website link to get all the Chinese internet users connecting to these websites. Then it's just a matter of sending cops to the house. Right now, they are not doing it, I think Chinese authorities will tolerate small miners mining at home.

I don't think they would do that. Its too much work and not reliable. Someone can just use a mining pool in a different country like Russia or USA. The government won't go after those mining operators in those countries. Plus an easier solution to this would be just to solo mine and not use a pool at all.

Getting a mining farm in an underground bunker won't work at all. Its going to be way too expensive and you are faced with the issue of getting rid of the heat somehow. I think if someone really wants to mine they will just relocate its just much easier than playing these games.

Surprisingly we got a bump up in hashrate, almost the retarget is here and we should get a nice difficulty reduction.

The difficulty has already dropped for Ethereum which is at 6.xx P from almost 8 or a bit more that were sometime ago before the China ban.I think everyone is happy now that is mining with at least 250-300 Mhsh processing power,it is almost 0.01 Eth daily rewards.Let's hope the difficulty stays at these levels for some months to come,it will benefit us all.

a lot of these "turned off asics" must be the latest and greatest ethhashers..well shit happens

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: SophiaZ on June 30, 2021, 09:32:57 AM

Quote from: SophiaZ on June 30, 2021, 09:32:57 AM

There are a lot of video cards in China, I think they are easier to hide because they do not make much noise and do not consume a lot of electricity. And they give more profit per 1 kilowatt of consumed electricity.
So far, only large mining farms are being closed in China, and when they start looking for small farms with 500-1000 video cards, the hashrate will decrease even more.

I don't think noise is what is going to get people busted for mining in China. I think the larger issue is mostly heat which is difficult to hide. These days there are sophisicated thermal imaging cameras and they can easily scan different areas of the country and determine who is mining and who is not.

In the USA they do this to actually catch people who are growing (or did when illegal) marijuana. Basically some chopper would fly around high risk areas and try and find someone with an operation. Some miners actually got visited by police because they were suspicious what they were doing which generated all that heat.

Chinese authorities do not need to check about heat or electricity cost, they just have to check which place (house, office or warehouse) in China connect to mining pools such as asia.ethermine.org, btc-na.f2pool.com, they can get a list of each internet user connecting to these pools easily. They have some kind of software, they just have to type a website link to get all the Chinese internet users connecting to these websites. Then it's just a matter of sending cops to the house. Right now, they are not doing it, I think Chinese authorities will tolerate small miners mining at home.

I don't think they would do that. Its too much work and not reliable. Someone can just use a mining pool in a different country like Russia or USA. The government won't go after those mining operators in those countries. Plus an easier solution to this would be just to solo mine and not use a pool at all.

Getting a mining farm in an underground bunker won't work at all. Its going to be way too expensive and you are faced with the issue of getting rid of the heat somehow. I think if someone really wants to mine they will just relocate its just much easier than playing these games.

Surprisingly we got a bump up in hashrate, almost the retarget is here and we should get a nice difficulty reduction.

The difficulty has already dropped for Ethereum which is at 6.xx P from almost 8 or a bit more that were sometime ago before the China ban.I think everyone is happy now that is mining with at least 250-300 Mhsh processing power,it is almost 0.01 Eth daily rewards.Let's hope the difficulty stays at these levels for some months to come,it will benefit us all.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: swogerino on June 30, 2021, 04:10:55 PM

There are a lot of video cards in China, I think they are easier to hide because they do not make much noise and do not consume a lot of electricity. And they give more profit per 1 kilowatt of consumed electricity.
So far, only large mining farms are being closed in China, and when they start looking for small farms with 500-1000 video cards, the hashrate will decrease even more.

I don't think noise is what is going to get people busted for mining in China. I think the larger issue is mostly heat which is difficult to hide. These days there are sophisicated thermal imaging cameras and they can easily scan different areas of the country and determine who is mining and who is not.

In the USA they do this to actually catch people who are growing (or did when illegal) marijuana. Basically some chopper would fly around high risk areas and try and find someone with an operation. Some miners actually got visited by police because they were suspicious what they were doing which generated all that heat.

Chinese authorities do not need to check about heat or electricity cost, they just have to check which place (house, office or warehouse) in China connect to mining pools such as asia.ethermine.org, btc-na.f2pool.com, they can get a list of each internet user connecting to these pools easily. They have some kind of software, they just have to type a website link to get all the Chinese internet users connecting to these websites. Then it's just a matter of sending cops to the house. Right now, they are not doing it, I think Chinese authorities will tolerate small miners mining at home.

I don't think they would do that. Its too much work and not reliable. Someone can just use a mining pool in a different country like Russia or USA. The government won't go after those mining operators in those countries. Plus an easier solution to this would be just to solo mine and not use a pool at all.

Getting a mining farm in an underground bunker won't work at all. Its going to be way too expensive and you are faced with the issue of getting rid of the heat somehow. I think if someone really wants to mine they will just relocate its just much easier than playing these games.

Surprisingly we got a bump up in hashrate, almost the retarget is here and we should get a nice difficulty reduction.

arielbit

legendary

Activity: 3444

Merit: 1061

Then you can use satellite Internet from companies in neighboring countries.
So that the IP address is not Chinese and then there will be no problems.
This equipment costs $ 500-1000.
Miners will have to set up bunkers in the ground to hide from the thermal imager.
It's not funny anymore.

Where I am located some people are being arrested because they don't pay electricity.The bad thing is that the media write articles which tell the people "Arrested the person with a Bitcoin factory" referring to this guy who had 11 Antminers S19.Of course he got what he deserved as he was cheating the government but then the police and media added to him a lot of false accusation,like "Cybernetic crime", "Bitcoin production" etc while here the law is that cryptos are allowed.You are right it is not funny anymore and every day that passes it is becoming an even more mess.

remember when pandemic lock downs started in china and then the rest followed? might happen with mining.

anyway the smallest miners with 1-10 gpus are immune for sure LOL

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Then you can use satellite Internet from companies in neighboring countries.
So that the IP address is not Chinese and then there will be no problems.
This equipment costs $ 500-1000.
Miners will have to set up bunkers in the ground to hide from the thermal imager.
It's not funny anymore.

Where I am located some people are being arrested because they don't pay electricity.The bad thing is that the media write articles which tell the people "Arrested the person with a Bitcoin factory" referring to this guy who had 11 Antminers S19.Of course he got what he deserved as he was cheating the government but then the police and media added to him a lot of false accusation,like "Cybernetic crime", "Bitcoin production" etc while here the law is that cryptos are allowed.You are right it is not funny anymore and every day that passes it is becoming an even more mess.

FP91G

legendary

Activity: 1834

Merit: 1131

Then you can use satellite Internet from companies in neighboring countries.
So that the IP address is not Chinese and then there will be no problems.
This equipment costs $ 500-1000.
Miners will have to set up bunkers in the ground to hide from the thermal imager.
It's not funny anymore.

SophiaZ

copper member

Activity: 34

Merit: 1

Founder of PESP COIN, The People's Coin

Quote from: swogerino on June 30, 2021, 03:05:31 AM

There are a lot of video cards in China, I think they are easier to hide because they do not make much noise and do not consume a lot of electricity. And they give more profit per 1 kilowatt of consumed electricity.
So far, only large mining farms are being closed in China, and when they start looking for small farms with 500-1000 video cards, the hashrate will decrease even more.

I don't think noise is what is going to get people busted for mining in China. I think the larger issue is mostly heat which is difficult to hide. These days there are sophisicated thermal imaging cameras and they can easily scan different areas of the country and determine who is mining and who is not.

In the USA they do this to actually catch people who are growing (or did when illegal) marijuana. Basically some chopper would fly around high risk areas and try and find someone with an operation. Some miners actually got visited by police because they were suspicious what they were doing which generated all that heat.

Chinese authorities do not need to check about heat or electricity cost, they just have to check which place (house, office or warehouse) in China connect to mining pools such as asia.ethermine.org, btc-na.f2pool.com, they can get a list of each internet user connecting to these pools easily. They have some kind of software, they just have to type a website link to get all the Chinese internet users connecting to these websites. Then it's just a matter of sending cops to the house. Right now, they are not doing it, I think Chinese authorities will tolerate small miners mining at home.

mak013

hero member

Activity: 2548

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If that happens that miners are hunted down like people who grew Marijuana before in the US,I think all the miners before starting their mining operation will plan how they will deploy cooling,and this will be an extra cost for them,for example keeping air conditioners all the time on to evade the hot sensor cameras.It will be fun to see how it will unfold.

As for me, even without hunting miner have to think about deploy, electricity and cooling before he start mining.
And even if air conditioners will cool mining location, the removing hot air will be at hot sensor cameras.

swogerino

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Bitcoin Casino Est. 2013

If that happens that miners are hunted down like people who grew Marijuana before in the US,I think all the miners before starting their mining operation will plan how they will deploy cooling,and this will be an extra cost for them,for example keeping air conditioners all the time on to evade the hot sensor cameras.It will be fun to see how it will unfold.

arielbit

legendary

Activity: 3444

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There are a lot of video cards in China, I think they are easier to hide because they do not make much noise and do not consume a lot of electricity. And they give more profit per 1 kilowatt of consumed electricity.
So far, only large mining farms are being closed in China, and when they start looking for small farms with 500-1000 video cards, the hashrate will decrease even more.

I don't think noise is what is going to get people busted for mining in China. I think the larger issue is mostly heat which is difficult to hide. These days there are sophisicated thermal imaging cameras and they can easily scan different areas of the country and determine who is mining and who is not.

In the USA they do this to actually catch people who are growing (or did when illegal) marijuana. Basically some chopper would fly around high risk areas and try and find someone with an operation. Some miners actually got visited by police because they were suspicious what they were doing which generated all that heat.

this is going to get ugly, crypto miners going to look like/hunted like meth makers? haha, maybe insulate and blow the hot air to the sewers? no..use radiator and flow hot water to the sewers LOL.

adaseb

legendary

Activity: 3808

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There are a lot of video cards in China, I think they are easier to hide because they do not make much noise and do not consume a lot of electricity. And they give more profit per 1 kilowatt of consumed electricity.
So far, only large mining farms are being closed in China, and when they start looking for small farms with 500-1000 video cards, the hashrate will decrease even more.

I don't think noise is what is going to get people busted for mining in China. I think the larger issue is mostly heat which is difficult to hide. These days there are sophisicated thermal imaging cameras and they can easily scan different areas of the country and determine who is mining and who is not.

In the USA they do this to actually catch people who are growing (or did when illegal) marijuana. Basically some chopper would fly around high risk areas and try and find someone with an operation. Some miners actually got visited by police because they were suspicious what they were doing which generated all that heat.

FP91G

legendary

Activity: 1834

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Quote from: adaseb on June 24, 2021, 11:51:15 PM

Looking at,
https://etherscan.io/chart/hashrate

You can see that the hashrate peaked at May 20th. And it is still heading down. And if you look at the BTC hashrate charts you will see something similar. Its basically all the China mining ban farms which are shutting down. Well they aren't shutting down completely, will just move them elsewhere and the hashrate will jump back up in 2-3 months time.

ETH is proof that the hashrate is more decentralized, because the %'s drop is much much less than BTC where like 50% of the hashrate seems to have disappeared due to the China ban.

There are a lot of video cards in China, I think they are easier to hide because they do not make much noise and do not consume a lot of electricity. And they give more profit per 1 kilowatt of consumed electricity.
So far, only large mining farms are being closed in China, and when they start looking for small farms with 500-1000 video cards, the hashrate will decrease even more.

Didz

member

Activity: 192

Merit: 11

Quote from: Didz on June 24, 2021, 08:11:56 PM

Quote from: Didz on June 24, 2021, 08:11:56 PM

Looking at,
https://etherscan.io/chart/hashrate

You can see that the hashrate peaked at May 20th. And it is still heading down. And if you look at the BTC hashrate charts you will see something similar. Its basically all the China mining ban farms which are shutting down. Well they aren't shutting down completely, will just move them elsewhere and the hashrate will jump back up in 2-3 months time.

ETH is proof that the hashrate is more decentralized, because the %'s drop is much much less than BTC where like 50% of the hashrate seems to have disappeared due to the China ban.

I think 2-3 months it's pretty optimistic.
I would say more 6 months or a year. Chinese miners who were forced to shutdown don't have all new locations to move on.

No they are moving their inventory very quick. Already there are reports that tons and tons of ASICs have already entered the USA by air. Most likely they are already up and running since there is an uptick in the average hashpower.

https://fork.lol/pow/hashrate

There are photos from China farms how they are cleaning their ASICs, putting them back in their original boxes and having the entire pallets shipped to other countries. Time is of the essence here and they need to move quick.

Impressive operation!

Moving the hardwares is one thing but getting the electric power they need is something else.
No doubt some have already completed their transitions.

I read an article (don't remember which one) about some Chineses asking for hundreds of MW/h of electricity and the grid operators answering that they don't have that available.

Damn 105 Exahashes per second for BTC and BCH. 1 Exa = 10^18 or one quintillion !!!!!!!!

mak013

hero member

Activity: 2548

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Someone powering off, anothers - moving from china to other countries, someone selling their equipment. 1-2 months later we can see full changes.

adaseb

legendary

Activity: 3808

Merit: 1723

Looking at,
https://etherscan.io/chart/hashrate

You can see that the hashrate peaked at May 20th. And it is still heading down. And if you look at the BTC hashrate charts you will see something similar. Its basically all the China mining ban farms which are shutting down. Well they aren't shutting down completely, will just move them elsewhere and the hashrate will jump back up in 2-3 months time.

ETH is proof that the hashrate is more decentralized, because the %'s drop is much much less than BTC where like 50% of the hashrate seems to have disappeared due to the China ban.

I think 2-3 months it's pretty optimistic.
I would say more 6 months or a year. Chinese miners who were forced to shutdown don't have all new locations to move on.

No they are moving their inventory very quick. Already there are reports that tons and tons of ASICs have already entered the USA by air. Most likely they are already up and running since there is an uptick in the average hashpower.

https://fork.lol/pow/hashrate

There are photos from China farms how they are cleaning their ASICs, putting them back in their original boxes and having the entire pallets shipped to other countries. Time is of the essence here and they need to move quick.

Didz

member

Activity: 192

Merit: 11

Quote from: WanderingPhilospher on June 23, 2021, 08:18:53 PM

Looking at,
https://etherscan.io/chart/hashrate

You can see that the hashrate peaked at May 20th. And it is still heading down. And if you look at the BTC hashrate charts you will see something similar. Its basically all the China mining ban farms which are shutting down. Well they aren't shutting down completely, will just move them elsewhere and the hashrate will jump back up in 2-3 months time.

ETH is proof that the hashrate is more decentralized, because the %'s drop is much much less than BTC where like 50% of the hashrate seems to have disappeared due to the China ban.

I think 2-3 months it's pretty optimistic.
I would say more 6 months or a year. Chinese miners who were forced to shutdown don't have all new locations to move on.

Didz

member

Activity: 192

Merit: 11

Quote from: Didz on June 23, 2021, 07:57:07 PM

Quote from: WanderingPhilospher on June 23, 2021, 07:32:42 PM

Quote from: WanderingPhilospher on June 23, 2021, 07:11:56 PM

For the ones who have higher electricity costs, do they sell their rigs, even if at a loss?

I'd be willing to take on mining equipment and run it and split profit with rig owner, minus electricity costs. Is there a service already out there like this? To house mining rigs (not buy and own them) and split any profits with rig owner?

I know there would be some logistics involved, i.e. getting equipment to new location and getting it set up.

I think you want to offer cloud mining service if I understand you correctly.

Is that what you would consider it?

I remember looking at genesis (I think) years ago and you basically paid a set fee say $5,000 a year for say 1Gh of eth or sha256 or whatever algo, and you kept all the profit minus a maintenance fee, but you never owned the mining equipment.

I guess it's similar except rig owner doesn't have to spend any money nor the person taking on the rigs to run them. Instead of owner's rig sitting idle or them selling at a loss, they ship it to cheaper electricity place and still make money daily (while the prices support it). Any daily profits are split, minus power costs.

So if 1 Gh of ethash is making $46-$50 a day, then take out power costs and split profit. Or some type of split. Maybe owner/runner split 50/50 and it's on the runner to pay all power costs.

Interesting idea but I don't think it's a good business model.

First, on the short term it's more appealing to sell your gears instead of shipping it to let another operators run them under a cheaper electricity cost. Also, it's pretty similar to cloud mining that idea, and in crypto mining field, cloud mining is probably where you find the most scams!

For instance, you cannot run your mining rigs anymore because of your high electricity cost so you send me your hardwares. When I receive them I switch your GPUs for cheaper one and pretend that the profit is not what we were expected.

Also to control the electricity cost, it would be sooo easy to scam people like that. First to have the correct kW/h unit cost for a specific region is hard and then the real power consumption if even harder to certify.

I see too much trust issues here.

I agree, trust is involved but some things are what they are. Some things could be mitigated. I give you pool and your rig worker ID.
I know my rig should get 1 Gh. When I look at the pool and my worker ID, if it's not where it's supposed to be, then you can't lie about that.
and profit is profit, if I know it gets 1 Gh and profit should be $50 a day but you tell me it only made $25, then yeah, we have issues.
You're right, a lot of moving parts...trust being a big thing.

Maybe a better model would be for current rig owner to sell rig to runner. Runner pays half down and spreads the other half down via daily/weekly/monthly earnings of what the rig is making until rig is paid in full.

On the hash rate side yea I agree with you but for the electricity costs it remains very hard to control that.

Convington

newbie

Activity: 68

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Quote from: Didz on June 23, 2021, 07:20:35 PM

If only you knew how easy and amazing it is to use HiveOS.
Grafana for staking okay, Grafana for mining, not sure it's useful unless you have a warehouse.

I use HiveOS Wink

But - I can only use it for my GPU Rig. It doesn't work for my other 2 miners which are both A10's. Grafana I just use to pull out the information and track where I am at both in a wattage perspective (power) and a monetary perspective (from the APIs of the pools)

fmz89

legendary

Activity: 1764

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Quote from: swogerino on June 22, 2021, 02:25:34 PM

I see the difficulty of ETC which was 320 T and now is back at 276 T which for me is great as I can produce a lot more ETC daily then I used to with 320 T.I noticed the same pattern in ETH which got from 7.79 P to 6.47 P which again increased my profit daily in crypto not in dollars.I of course am very happy with it as I am a long term player but what caused this to happen,maybe because prices fell some miners cannot afford anymore their mining activities because of high electricity cost or what ?

you will still profitable even at most expensive electric at this current market, because china dump their hardware mostly in asic, in gpu mining only down by 20-35%, while btc mining really hit morethan 35%

some of them only moving to better place, but it tooks months to get back in mining, so as we small miner can breath when market turn red

Looper_U

member

Activity: 369

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$CYBERCASH METAVERSE

In some countries electricity bill is very high so once ETH mining reward goes lower they have to stop mining, to keep mining electricity bills must be convenient for miners, things will get worsen once EIP1559 takes place in July this year but I have no problem with it because I'm using solar energy

btcshiner

full member

Activity: 478

Merit: 125

I'm sure some are quitting as it's summer time but it wouldn't be enough to drop the hash this much. This is China. Even Bitmain is stopping spot sales of new miners while they are likely dumping old equipment that they don't want to relocate.

https://finance.yahoo.com/finance/news/bitmain-halts-sales-bitcoin-mining-162000866.html#:~:text=Bitmain%20Technologies%20Ltd.,be%20run%20out%20of%20town.

WanderingPhilospher

full member

Activity: 1162

Merit: 237

Shooters Shoot...

Wouldn't make sense for non-China miners to stop.

At 1Gh for ethash, even if you paid 50 cents kwh, you would still profit $34 a day, $1128 a month.

So I think most of you are right, probably has more to do with the ban in China.

adaseb

legendary

Activity: 3808

Merit: 1723

Looking at,
https://etherscan.io/chart/hashrate

You can see that the hashrate peaked at May 20th. And it is still heading down. And if you look at the BTC hashrate charts you will see something similar. Its basically all the China mining ban farms which are shutting down. Well they aren't shutting down completely, will just move them elsewhere and the hashrate will jump back up in 2-3 months time.

ETH is proof that the hashrate is more decentralized, because the %'s drop is much much less than BTC where like 50% of the hashrate seems to have disappeared due to the China ban.

WanderingPhilospher

full member

Activity: 1162

Merit: 237

Shooters Shoot...

Quote from: Didz on June 23, 2021, 07:57:07 PM

Quote from: WanderingPhilospher on June 23, 2021, 07:32:42 PM

Quote from: WanderingPhilospher on June 23, 2021, 07:11:56 PM

For the ones who have higher electricity costs, do they sell their rigs, even if at a loss?

I'd be willing to take on mining equipment and run it and split profit with rig owner, minus electricity costs. Is there a service already out there like this? To house mining rigs (not buy and own them) and split any profits with rig owner?

I know there would be some logistics involved, i.e. getting equipment to new location and getting it set up.

I think you want to offer cloud mining service if I understand you correctly.

Is that what you would consider it?

I remember looking at genesis (I think) years ago and you basically paid a set fee say $5,000 a year for say 1Gh of eth or sha256 or whatever algo, and you kept all the profit minus a maintenance fee, but you never owned the mining equipment.

I guess it's similar except rig owner doesn't have to spend any money nor the person taking on the rigs to run them. Instead of owner's rig sitting idle or them selling at a loss, they ship it to cheaper electricity place and still make money daily (while the prices support it). Any daily profits are split, minus power costs.

So if 1 Gh of ethash is making $46-$50 a day, then take out power costs and split profit. Or some type of split. Maybe owner/runner split 50/50 and it's on the runner to pay all power costs.

Interesting idea but I don't think it's a good business model.

First, on the short term it's more appealing to sell your gears instead of shipping it to let another operators run them under a cheaper electricity cost. Also, it's pretty similar to cloud mining that idea, and in crypto mining field, cloud mining is probably where you find the most scams!

For instance, you cannot run your mining rigs anymore because of your high electricity cost so you send me your hardwares. When I receive them I switch your GPUs for cheaper one and pretend that the profit is not what we were expected.

Also to control the electricity cost, it would be sooo easy to scam people like that. First to have the correct kW/h unit cost for a specific region is hard and then the real power consumption if even harder to certify.

I see too much trust issues here.

I agree, trust is involved but some things are what they are. Some things could be mitigated. I give you pool and your rig worker ID.
I know my rig should get 1 Gh. When I look at the pool and my worker ID, if it's not where it's supposed to be, then you can't lie about that.
and profit is profit, if I know it gets 1 Gh and profit should be $50 a day but you tell me it only made $25, then yeah, we have issues.
You're right, a lot of moving parts...trust being a big thing.

Maybe a better model would be for current rig owner to sell rig to runner. Runner pays half down and spreads the other half down via daily/weekly/monthly earnings of what the rig is making until rig is paid in full.

Didz

member

Activity: 192

Merit: 11

Quote from: WanderingPhilospher on June 23, 2021, 07:32:42 PM

Quote from: WanderingPhilospher on June 23, 2021, 07:11:56 PM

For the ones who have higher electricity costs, do they sell their rigs, even if at a loss?

I'd be willing to take on mining equipment and run it and split profit with rig owner, minus electricity costs. Is there a service already out there like this? To house mining rigs (not buy and own them) and split any profits with rig owner?

I know there would be some logistics involved, i.e. getting equipment to new location and getting it set up.

I think you want to offer cloud mining service if I understand you correctly.

Is that what you would consider it?

I remember looking at genesis (I think) years ago and you basically paid a set fee say $5,000 a year for say 1Gh of eth or sha256 or whatever algo, and you kept all the profit minus a maintenance fee, but you never owned the mining equipment.

I guess it's similar except rig owner doesn't have to spend any money nor the person taking on the rigs to run them. Instead of owner's rig sitting idle or them selling at a loss, they ship it to cheaper electricity place and still make money daily (while the prices support it). Any daily profits are split, minus power costs.

So if 1 Gh of ethash is making $46-$50 a day, then take out power costs and split profit. Or some type of split. Maybe owner/runner split 50/50 and it's on the runner to pay all power costs.

Interesting idea but I don't think it's a good business model.

First, on the short term it's more appealing to sell your gears instead of shipping it to let another operators run them under a cheaper electricity cost. Also, it's pretty similar to cloud mining that idea, and in crypto mining field, cloud mining is probably where you find the most scams!

For instance, you cannot run your mining rigs anymore because of your high electricity cost so you send me your hardwares. When I receive them I switch your GPUs for cheaper one and pretend that the profit is not what we were expected.

Also to control the electricity cost, it would be sooo easy to scam people like that. First to have the correct kW/h unit cost for a specific region is hard and then the real power consumption if even harder to certify.

I see too much trust issues here.

WanderingPhilospher

full member

Activity: 1162

Merit: 237

Shooters Shoot...