It is 2020 time for a new diff thread. - page 15.

minefarmbuy

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We are not retail.

Quote from: mikeywith on July 06, 2020, 07:32:25 PM

What does mempool size have to do with lower hashrate? the fees rewards are too small to be considered as the cause of a drop of 15EH worth of hashrate when current average network hashrate is about 100EH, that's nearly 15%.

At the time of writing the average fees for this month has been 0.27BTC per block (266BTC for 964 blocks), that's 4.4% of the block reward (6.25BTC), so even if the mempool was completely empty 15% drop in the hashrate is not possible.

Fees were quite heavy and you can see surplus hr adjust at time. Average fee when I post was about 0.6 BTC for a a couple hours, easily correlate profit switchers adjusting to it. Which fee are still up on 24 rolling average close to a 6.6 reward.

mikeywith

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be constructive or S.T.F.U

Quote from: philipma1957 on July 06, 2020, 07:49:14 PM

Well if we make 124 blocks in a day. vs 164 blocks in a day

That's correct, the maths are probably also correct ( I have not checked but I trust your maths) however, what you seem to be forgetting is that more blocks don't mean higher profitability, therefore it can't be the cause of hash rate increment. In other words if the network as whole finds 2x the blocks it finds in a day (on average), this does not mean your miner now earns twice as much, it also doesn't mean your obsolete S9 can now come online and start generating profit, the miner's profitability has to do with the current difficulty and luck and nothing to do how many blocks the other miners are finding nor the network hashrate.

In plain English, fees are too small compared to the block reward itself (for the past couple of days which we are talking about), and therefore whether the mempool is full or near empty the impact it has on difficulty is pretty much almost nothing.

Quote from: vapourminer on July 06, 2020, 07:42:59 PM

no exact figure without looking but ~75% here from what i remember. last payment i think was december maybe?

I think you got 82% as well, everybody got the same % and nicehash still owes everybody 18% which they seem to be ignoring regardless of how much profit they made since the last payment last year.

philipma1957

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'The right to privacy matters'

Quote from: mikeywith on July 06, 2020, 07:32:25 PM

What does mempool size have to do with lower hashrate? the fees rewards are too small to be considered as the cause of a drop of 15EH worth of hashrate when current average network hashrate is about 100EH, that's nearly 15%.

At the time of writing the average fees for this month has been 0.27BTC per block (266BTC for 964 blocks), that's 4.4% of the block reward (6.25BTC), so even if the mempool was completely empty 15% drop in the hashrate is not possible.

Well if we make 124 blocks in a day. vs 164 blocks in a day

in theory fees would be more since.
total bytes/min bytes

124 x 1,360,000 bytes = 168,640,000/250. = 674,560 max transactions less room means higher fees

164 x 1,360,000 bytes = 223,040,000/250. = 892,160 max transactions more room means lower fees

As to how true that is varies on a lot more than the math I show.

more blocks means a possible higher amount of transactions since there are 40 more blocks.

vapourminer

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what is this "brake pedal" you speak of?

Quote from: HagssFIN on July 06, 2020, 05:13:09 PM

It is the same for me, I've also got 82% back.

no exact figure without looking but ~75% here from what i remember. last payment i think was december maybe?

mikeywith

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Quote from: minefarmbuy on July 06, 2020, 01:08:58 PM

Looks like network is adjusting to lower mempool size, down about 15EH from a just a day ago or so.

What does mempool size have to do with lower hashrate? the fees rewards are too small to be considered as the cause of a drop of 15EH worth of hashrate when current average network hashrate is about 100EH, that's nearly 15%.

At the time of writing the average fees for this month has been 0.27BTC per block (266BTC for 964 blocks), that's 4.4% of the block reward (6.25BTC), so even if the mempool was completely empty 15% drop in the hashrate is not possible.

philipma1957

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'The right to privacy matters'

it was about 0.0510 btc worth around 1020 usd at the time.

HagssFIN

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Electrical engineer. Mining since 2014.

It is the same for me, I've also got 82% back.

philipma1957

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'The right to privacy matters'

I got back 82%. they stopped paying last I looked.

minefarmbuy

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We are not retail.

Yea, that hack sucked. I gave up trying to recoup my payback since they've changed their operations so much and require login's now I believe.

Looks like network is adjusting to lower mempool size, down about 15EH from a just a day ago or so.

mikeywith

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It's most likely that nicehash can't edit a thing in the firmware and Vnish will put nicehash Logo for them, I still think it's unsafe to download anything from Nicehash given the hack which was likely an inside job, one can't tell for sure if the firmware you download is actually Vninsh rebranded or an infected firmware, I would certainly avoid it and download vnish from a trusted source.

favebook

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Quote from: citronick on July 03, 2020, 09:03:57 AM

Phil.... are you still tickering with frimware for Bitmain's ASICs?

Have your tried this below?

https://www.nicehash.com/blog/post/custom-nicehash-asic-firmware-update-2-0-1

That is Vnish firmware rebranded.
I asked and got direct answer confirming this.

I'd recommend you to try it or if you want, try original Vnish firmware, afaik, fees should be the same (or Nicehash takes a bit more) but firmware is 99% same.

philipma1957

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'The right to privacy matters'

Quote from: citronick on July 03, 2020, 09:03:57 AM

Phil.... are you still tickering with frimware for Bitmain's ASICs?

Have your tried this below?

https://www.nicehash.com/blog/post/custom-nicehash-asic-firmware-update-2-0-1

I have used braiins with s9's and since I shut the s9's down I have used no aftermarket firmware.

citronick

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---- winter*juvia -----

Phil.... are you still tickering with frimware for Bitmain's ASICs?

Have your tried this below?

https://www.nicehash.com/blog/post/custom-nicehash-asic-firmware-update-2-0-1

minefarmbuy

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Activity: 1022

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We are not retail.

There are also a lot of big purchases currently, less available product doesn't bode well for asic pricing to come down, along with hr hitting 130EH. Holding patterns for a lot of miners are defiantly happening unless we start to see resellers compete in pricing to move stagnate product.

philipma1957

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'The right to privacy matters'

Article says 3rd quarter.

so July 1 - Sept 30.

2040 x 95 = 193800 th or 193.8 ph. in the grand scheme of the network's 110eh it is but a drop in the bucket . 1/5 of 1 %

citronick

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---- winter*juvia -----

https://www.forbes.com/sites/robertanzalone/2020/05/08/riot-blockchain-buys-an-additional-1040-new-mining-machines-from-bitman

Phil ... expect another thousand of S19s going online soon.

philipma1957

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'The right to privacy matters'

Quote from: Philipma1957cellphone on June 30, 2020, 01:18:07 PM

So it took around 14 days and 2 minutes which is really close to zero. or down It may be the closest ever to zero.

I have no idea what auto check did here.

0% and a stable price works for me. We are turning a small profit. My share is around 700 a month.

Clifton mining area is running hot every time we get to 91-93f. 4 units shut down. I can turn them back on at night.
We are going to try moving the venting around. As I rather we run at 1200th and not 1010th. The warehouse owners 10 s17 pros have been dropped to normal from turbo. so he is doing 520th vs 550 th.

Diff is drifting higher

Quote from: https://diff.cryptothis.com

Bitcoin Difficulty Estimator (by /u/archaeal)
(page refreshes automatically) (all times local)
Latest Block:   637183 (45 minutes ago)
Current Pace:   103.1395% (128 / 124.10 expected, 3.9 ahead)
Current Difficulty:   15784217546288.15
Next Difficulty:   between 15884892182809 and 16642052969149
Next Difficulty Change:   between +0.6378% and +5.4348%
Previous Retarget:   Yesterday at 12:51 PM
Next Retarget (earliest):   July 14, 2020 at 2:38 AM (in 12d 17h 5m 18s)
Next Retarget (latest):   July 14, 2020 at 11:36 AM (in 13d 2h 3m 30s)
Projected Epoch Length:   between 13d 13h 46m 20s and 13d 22h 44m 32s

stompix

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Blackjack.fun

So, we still got a decrease;D at - 0.0033%

If the entire hash rate would be made out of s9, it would mean 270 miners have been turned off and not replaced by new gear. The only times recently that anything close to this happened was in March and May 2019, at - 0.05 %, and +0.04% but even those are 100 times bigger percentage terms, if we go below 0.01 we haven't seen such a thing ever, excluding the first blocks when the difficulty was constant at 1.

Philipma1957cellphone

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So it took around 14 days and 2 minutes which is really close to zero or down it may be the closest ever to zero

favebook

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Activity: 604

Merit: 416

That would be fun, first time in history that difficulty does not change?

But since there is 2 hours left and -0.1% is predicted, there is no chance we can hit 0% Cheesy

Topic: It is 2020 time for a new diff thread. - page 15. (Read 14827 times)