I've seen the news and they say that things are slowly getting better in China.
Maybe that also plays part in the btc price rising.
Topic: It is 2020 time for a new diff thread. - page 29. (Read 14827 times)
Some bounce back in price.
BTC is now 6200
BCH is now 223
Diff is still -12%
I think the smart investor is asking " do I want 1 million in princess cruise line stock or do I want 1 million in BTC?"
There are a lot of billionaires I think 1200 of them world wide.
Edit 2100 if wiki is correct.
https://en.wikipedia.org/wiki/The_World%27s_Billionaires
If you are one of them cool.
But most of us are not.
If I was giving advice to any of them I would ask the question I bolded.
It is rhetorical question As there are a lot of companies I don't want stock in.Not just Princess cruises.
I smell a btc rise coming.
BTC is now 6200
BCH is now 223
Diff is still -12%
I think the smart investor is asking " do I want 1 million in princess cruise line stock or do I want 1 million in BTC?"
There are a lot of billionaires I think 1200 of them world wide.
Edit 2100 if wiki is correct.
https://en.wikipedia.org/wiki/The_World%27s_Billionaires
If you are one of them cool.
But most of us are not.
If I was giving advice to any of them I would ask the question I bolded.
It is rhetorical question As there are a lot of companies I don't want stock in.Not just Princess cruises.
I smell a btc rise coming.
I am on the same page with you guys, the thing I don't understand about Bitmain is the fact that they don't lower the gear prices, bitcoin price at 10k they list Antminer S17+ for 1500++, bitcoin price drops 50%, they don't care, bitcoin price increases > they increase the gear prices, I can only think of two scenarios:
1- There are enough newbies who are willing to pay that much for a gear to be received around the halving
2- The manufacturing cost of those gears is really high and there isn't much room for any discount, they want to wait for prices to rebound and demand on gears to escalate.
1- There are enough newbies who are willing to pay that much for a gear to be received around the halving
2- The manufacturing cost of those gears is really high and there isn't much room for any discount, they want to wait for prices to rebound and demand on gears to escalate.
Well there is zero transparency about the over site on this issue.
No one inspects and makes a report that verifies they use a s17pro on an s17 pro contract.
I would love to see some documents that reference the accounting checks and balances to make sure customers are not being cheated.
I remind all that under these hard times bitmain has zero incentive to sell the gear to us. As leasing it on bitdeer is a nobrainer for them. They have the we can fuck you over anytime we choose to in the leasing contracts clause. So buying into a lease from bitdeer is loaning bitmain money on terms that favor them.
No one inspects and makes a report that verifies they use a s17pro on an s17 pro contract.
I would love to see some documents that reference the accounting checks and balances to make sure customers are not being cheated.
I remind all that under these hard times bitmain has zero incentive to sell the gear to us. As leasing it on bitdeer is a nobrainer for them. They have the we can fuck you over anytime we choose to in the leasing contracts clause. So buying into a lease from bitdeer is loaning bitmain money on terms that favor them.
Bitdeer has slashed prices on the s19 by 10% per TH/day, compared to March 15th. No change in the electricity fee.
Also slashed prices on the s17 series which are almost sold out.
Pretty sure as philipma1957 mentioned in reality it's possible those are actually s19 mining and they charge you extra, I would be surprised if it isn't like that.
Price is somewhat stable, no good news on the horizon so maybe indeed -15% and then a smaller one.
I'm really concerned what happens to the gear that gets turned off, right now there is enough gear not mining to launch not a 51% but a 300% attack on bcash.
Also slashed prices on the s17 series which are almost sold out.
Pretty sure as philipma1957 mentioned in reality it's possible those are actually s19 mining and they charge you extra, I would be surprised if it isn't like that.
Quote
-11.9627% and -10.0452%
Price is somewhat stable, no good news on the horizon so maybe indeed -15% and then a smaller one.
I'm really concerned what happens to the gear that gets turned off, right now there is enough gear not mining to launch not a 51% but a 300% attack on bcash.
BTW.... renting your SHA256 ASICs at Nicehash seems to be getting better payout.
That's really a temporary thing, hard to follow "manually", using auto profit switching like the one in Awoesomeminer may help you squeeze the most of these revenue variances, doing it manually might cause you to actually lose profit.
The above is based on 7 days average, it does show that Nicehash yields better rewards, it also shows a shitcoin that outperformed everything else, if you make the same calculation 2 days later, things will be different, it's just like queuing in one lane, watching the other lane moving faster, you move to the other lane and suddenly your previous lane moves faster, also Nicehash switching difficulty constantly, I have no technical explanations to support this, but I lost a few gears mining to Nicehash and I am sure a few others can relate.
yeah nice hash is up to about 0.175 which is well over the 0.151 true number.
sigh.....
I am also turning off 30 x 30TH miners in the next few days - hosted in China - anybody with rich blood wants to take over?
BTW.... renting your SHA256 ASICs at Nicehash seems to be getting better payout.
I am also turning off 30 x 30TH miners in the next few days - hosted in China - anybody with rich blood wants to take over?
BTW.... renting your SHA256 ASICs at Nicehash seems to be getting better payout.
I am turning off 200th-300th in s9's tomorrow.
Thanks for lowering the difficulty
, jokes aside, you are probably making the best move, mining with S9s at anything above 3 cents per kWh is now a loss, in fact even at 3 cents it makes about 24 cents a day, say you pay 4% for PPS+ pool ( i reckon you use viabtc) the daily fees would be close to 4 cents, so that's barely profitable but can still do.For the current diff, you need bitcoin price to be at $5900 to break even at 4 per kWh cents and, $7300 for 5 cents per kWh, if we do get a 15% drop in diff next week, the numbers change to $5000 for 4 cents per kWh , $6250 for 5 cents per kWh and $7500 for 6 cents per kWh to break even.
The above is based on 13 BTC block reward+fees and power consumption of 1250W for 13.5TH, if your gears run more efficiently than that, the numbers will change.
I am turning off 200th-300th in s9's tomorrow.
I am turning them on in 7 days when the diff drops 10-15 %
I save 1 week of power and I then earn 10-15% more coin for 2 weeks after the diff change.
This idea works if coins run 4-6k prices.
I earn more money this way. When I take the power costs to account.
I am happy we have
27 s9's to turn off they do about 300th
all this below will run
15 s17 pros
1 s17
2 t17
2 t17e
1 t17+ missing a board
1 s15
1 t15
1 s7ln missing 2 board will turn this off lose 2th
2 m10 missing 1 board
2 m20s missing 2 boards
1 m21s
2 a1041
2 a1066
1 a741 will turn this off lose 7th
t2t24
t3t39
t3t50
we will drop about 310th
but still run over 1600th
Still going to run
11gh of LTC as they are low power and earn better then an s9 now.
I can run 2 L3+ at 1500 watts and they earn $1.62 in LTC it also earns some doge maybe 20 cents
I can run 1 s9i at 1200 watts and it earns $1.12
So 1.82 vs 1.12 for an extra 300 watts.
this will flatten a bit once btc diff drops.
Ltc diff adjust ment came faster and has had a strong drop 6.2 to 5.1
BTC will do 16.6 to 14.9 but 7 more days.
I am turning them on in 7 days when the diff drops 10-15 %
I save 1 week of power and I then earn 10-15% more coin for 2 weeks after the diff change.
This idea works if coins run 4-6k prices.
I earn more money this way. When I take the power costs to account.
I am happy we have
27 s9's to turn off they do about 300th
all this below will run
15 s17 pros
1 s17
2 t17
2 t17e
1 t17+ missing a board
1 s15
1 t15
1 s7ln missing 2 board will turn this off lose 2th
2 m10 missing 1 board
2 m20s missing 2 boards
1 m21s
2 a1041
2 a1066
1 a741 will turn this off lose 7th
t2t24
t3t39
t3t50
we will drop about 310th
but still run over 1600th
Still going to run
11gh of LTC as they are low power and earn better then an s9 now.
I can run 2 L3+ at 1500 watts and they earn $1.62 in LTC it also earns some doge maybe 20 cents
I can run 1 s9i at 1200 watts and it earns $1.12
So 1.82 vs 1.12 for an extra 300 watts.
this will flatten a bit once btc diff drops.
Ltc diff adjust ment came faster and has had a strong drop 6.2 to 5.1
BTC will do 16.6 to 14.9 but 7 more days.
diff needs to drop by 30% for me to think no fear or worries.
hmm, that would be interesting, when was the last time we actually had a 30% drop in diff?
2018-Oct to 2018-Dec
diff =7.4 droped to 5.1 > 31% drop
price = 6.5k droped to 3.2k > 49% drop
5.1 diff only lasted for one week, and then throughout the period of ranging between 3.2k and 4k the average difficulty was 5.8, and the average price for the same period was 3.6k so that's not really a 31% but rather 21% drop in difficulty against 44% drop in price, so looks like the best we can expect is 2:1 ratio (price vs diff).
We had a drop from 10.5k to currently 5.5k or 45% if the prices stay around this level for say another month, diff will "supposedly" drop 22.5% from its hight of 16.55T, so something around 12.9T /last year end's difficulty, so maybe a 12-15% drop in 7 days and by Mid-April we hit 12.9T, that is my guess for now.
Europe said they will be shutting down borders.
We are in New Jersey about an hour from New York City.
A lot of sick people in New York City.
To any and all that have been on my threads and on bitcointalk.org be careful.
We are in New Jersey about an hour from New York City.
A lot of sick people in New York City.
To any and all that have been on my threads and on bitcointalk.org be careful.
Stay safe Philip I hope your other half get's better soon it's getting serious here in the UK the gov missed the chance to isolate the county to some degree now they are saying they "estimate" 50k + people have it and are out in the community.
diff needs to drop by 30% for me to think no fear or worries.
BTW LTC. diff went way down from last,years 1/2 ing
but so much is up in the air I do not know what will happen to btc diff for next three drops.
if i were bitmain i would swap s19s for the other gear on bit deer.
still charge power like it is an s17.
then clean up the s17s and push them out.
I think it would be better for them.
BTW LTC. diff went way down from last,years 1/2 ing
but so much is up in the air I do not know what will happen to btc diff for next three drops.
if i were bitmain i would swap s19s for the other gear on bit deer.
still charge power like it is an s17.
then clean up the s17s and push them out.
I think it would be better for them.
MERS (which is the little brother of this one, and also a coronavirus) started in Al-Ahsa in May, the temperature for that region during the start of the disease was over 40°C...so, all we can do is speculate right now, and I do hope this one has nowhere near the resistance of sars and mers or we're ..f...
Let's just say that I am trying to stay positive.
Wow, aren't you bearish... You're saying "prior", does that mean you're anticipating a scenario with under 4k per coin during to the halving? That would be brutal!
I don't really think the halving will have any considerable effect on the price, I have already explained why in another topic.
I know you said once you have dirt cheap power but is that cheap so you would still be able to mine in if this scenario comes true? Lucky !!!
I do, I have 30kw for free, I still pay rent for that place so if profit =< rent then I am screwed, but that can only happen if bitcoin price drips really really low, I think even at current diff I can still go on at BTC price of $1500, for the other gears I have elsewhere I still not have to shut down but profit will be too little to bear the headache, mining is not just about cost per kWh, there are always on-going expenses and time invested, I count those factors too and believe it or not, even at 0 cent kWh rate, some will still lose money mining, I and those who have free or supper cheap power will be the last standing in the game, but I certainly prefer higher prices and higher diff than the opposite.
Thank god the panic selling and exchange rush has stopped for while...
This is probably because of the federal bank reducing interest rate and printing $700 billion out of thin air? but that IMO is not enough to hold the markets for long, they need to print more.
Well I was checking h1n1 back in 2009/2010
wiki stats are 700,000,000 to 1,400,000,000 got sick with it
and 175,000 to 575,000 died from it world wide stats.
https://en.wikipedia.org/wiki/2009_flu_pandemic
those are estimated numbers according to wiki.
So if 700,000,000 catch this and death rate is 2 - 7% we get 14,000,000 to 49,000,000 worldwide deaths.
If 1,400,000,000 catch this and death rate is 2-7% we get 28,000,000 to 101,000,000 worldwide deaths.
Those numbers are in the range of the 1918-1919 spanish flu numbers.
Diff is -11%.
wiki stats are 700,000,000 to 1,400,000,000 got sick with it
and 175,000 to 575,000 died from it world wide stats.
https://en.wikipedia.org/wiki/2009_flu_pandemic
those are estimated numbers according to wiki.
So if 700,000,000 catch this and death rate is 2 - 7% we get 14,000,000 to 49,000,000 worldwide deaths.
If 1,400,000,000 catch this and death rate is 2-7% we get 28,000,000 to 101,000,000 worldwide deaths.
Those numbers are in the range of the 1918-1919 spanish flu numbers.
Diff is -11%.
20 °C is not even hot, how hot does it get in June/July? where I live temps go to as high as 45 °C, heck we even went above 55 °C (131F) a few times, I am pretty confident that will be more than what any virus can handle, we human beings can barely survive the summer here.
MERS (which is the little brother of this one, and also a coronavirus) started in Al-Ahsa in May, the temperature for that region during the start of the disease was over 40°C...so, all we can do is speculate right now, and I do hope this one has nowhere near the resistance of sars and mers or we're ..f...
Looking at bitinfocharts bitcoin total hashrate is sitting at 95EH, the last time we got this low was back in January 2020, the average hashrate for this year seem to be around 115EH, I expect both bitcoin price as well as hashrate will keep on dropping prior to the halving, probably bitcoin price at $2600 and hashrate to 85EH, that's just a wild guess.
Wow, aren't you bearish... You're saying "prior", does that mean you're anticipating a scenario with under 4k per coin during to the halving? That would be brutal!
I know you said once you have dirt cheap power but is that cheap so you would still be able to mine in if this scenario comes true? Lucky !!!
Quote from: https://diff.cryptothis.com/
... between -11.1529% and -8.6046%
127 blocks behind!!!! Thank god the panic selling and exchange rush has stopped for while as we might have experienced again a rise in fees, that would have been the cherry on the cake.
normally I don't push price guesses.
But diff is going to tank a lot. Stockmarkets are linked as crypto coins are played like stocks.
We could see a crazy crash as I think most exchanges are trading imaginary coins on high margin leverages.
If coins drop to 2000 I would not be surprised. But my caveat is worldwide markets matter here. Dow Jones Nasdaq are but 2 of them there are a lot more. It they keep tanking crypto will tank right with them.
Be careful guys and gals. These are crazy times. Basically no one has seen this that can remember this type of pandemic. 1918-1919 is a long time ago.
off topic:
Having a sugar issue means I manage my sugar level by diet. I was 12.1 on the a1c translation dude you are going to die in a few years without proper dieting.
I do no meds for it I diet on keto and I am at 6.7 to 7.1 which is pretty good for only dieting. It means I do produce enough insulin to not have to take pills. But
no breads
no beer
no cake
no wheat products.
Being mostly of Italian descent no pasta or italian bread is hard to do.
back to topic we are down 11% and I see that holding or going to 15%.
But diff is going to tank a lot. Stockmarkets are linked as crypto coins are played like stocks.
We could see a crazy crash as I think most exchanges are trading imaginary coins on high margin leverages.
If coins drop to 2000 I would not be surprised. But my caveat is worldwide markets matter here. Dow Jones Nasdaq are but 2 of them there are a lot more. It they keep tanking crypto will tank right with them.
Be careful guys and gals. These are crazy times. Basically no one has seen this that can remember this type of pandemic. 1918-1919 is a long time ago.
off topic:
Having a sugar issue means I manage my sugar level by diet. I was 12.1 on the a1c translation dude you are going to die in a few years without proper dieting.
I do no meds for it I diet on keto and I am at 6.7 to 7.1 which is pretty good for only dieting. It means I do produce enough insulin to not have to take pills. But
no breads
no beer
no cake
no wheat products.
Being mostly of Italian descent no pasta or italian bread is hard to do.
back to topic we are down 11% and I see that holding or going to 15%.
That is highly unlikely, as Corona has spread all the way even into the hotter parts of Earth (Australia for example).
How hot is it in Australia? it hardly gets as hot as 30 °C around summer there, we don't know the exact temperatures that will kill Coronavirus, but it's safe to assume that it dislikes hot weather and gets stronger during cold days, that is one of the reasons why people tend to fall more sick in winter than in summer.
Wow, is there still a country with zero cases? And with test being done?
Yup, we are a few but do exist or at least up to this point in time which I hope will last longer.
4)I have a managed sugar issue = not good.
I don't think there is any direct link between high blood sugar and death % as far as the coronavirus is concerned, asthma and age do pretty much directly, so you should really be more careful than everyone else.
Looking at bitinfocharts bitcoin total hashrate is sitting at 95EH, the last time we got this low was back in January 2020, the average hashrate for this year seem to be around 115EH, I expect both bitcoin price as well as hashrate will keep on dropping prior to the halving, probably bitcoin price at $2600 and hashrate to 85EH, that's just a wild guess.
Ltc dropped hard from 6.2 to 5.1 to get a preview of what btc will do tracking ltc numbers helps.
I figure Ltc will drop to a diff of 4 or 4.5 on next adjustment.
since price drop of ltc has matched price drop of btc my guess is btc diff will drop much like ltc.
I figure Ltc will drop to a diff of 4 or 4.5 on next adjustment.
since price drop of ltc has matched price drop of btc my guess is btc diff will drop much like ltc.
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