It is 2020 time for a new diff thread. - page 31.

DaCryptoRaccoon

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Merit: 573

OGRaccoon

Thanks for the math on that Philip, I have been thinking we may reach this point for quite some time now I think we are in the grips of the next global markets crash I have the feeling we are going to lose the institutional investors and traders for quite some time after this move and I think we will probably see a lot more negative diff's going forward to be honest.

I am a champion for the small miners the network topology will change if we are going to be in this for the long run and I believe in time we will go back to a time in the past where it's back to the hand's of the many rather than the few.

I am also very glad I never sold off my gear think I might start dusting it off and looking for a place to get setup again if this is going to be a continued downtrend going forward.

I have not been keeping up with the chip development side for a while now but it's not looking like the efficiency is following the same path it once was with chips and I can only speculate that bitmain won't be making sub 3kw gear any more.

Thanks for the update going to start keeping eyes on the mining again because it's about to get hot in the kitchen as far as I can tell.

**edit** out of merit so IOU 2 merit

philipma1957

legendary

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'The right to privacy matters'

The big farms could get destroyed here.

This is a very interesting development.

stock market prices tomorrow are very important.

Some may shift to the stock market hoping for a buy jump.

If stock market does well tomorrow btc will stay low.

what does a 4500 dollar price do?

It kills off a 40 watt per th farm. at the ½ ing

1ph uses 40kwatts x 24 = 1000 kwatts a day

that is 30 dollars 3 cent power it earns 68.60 net 38.60 at ½ ing drop to 4 dollars
   40 4 cent power it earns 68.60 net 28.60 at ½ ing drop to - 6 dollars
   50 5 cent power it earns 68.60 net 18.60 at ½ ing drop to -16 dollars
   60 6 cent power it earns 68.60 net 8.60 at ½ ing drop to -26 dollars

this is for fully paid off s17 pro or s17 farms

remember 1 ph of s17 pros is about 53 x 19 = so 19 miners at 1600 = over 30,000 worth of gear that is next to worthless at this moment in time.

How long can mines hold out with current prices less then 120 days. we will see diff well under 8 vs current 16

Maybe lower price is king here

no rally = bad.

I am ready for an April fools day rally.

DaCryptoRaccoon

hero member

Activity: 1194

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OGRaccoon

At what price point do you all think the larger miners will start to suffer by my calculation's we're already at a price point that could see some hash rate fall off the network if we stick below 4500 for extended period do you think we could see a shift in the network back to the smaller miners coming back online?

I would love to know what your thought's are on where it would no longer be viable for some of the mega farms if the price continues to drop.

Or do you think we will see what we saw before with the hashrate falling and there being mega fud to push the smaller miners back out and the Diff having a correction back down for prolonged period?

philipma1957

legendary

Activity: 4102

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'The right to privacy matters'

4459!

I GRABBED SOME at 4510 price.

I will try again if it drops under 3999.

DaCryptoRaccoon

hero member

Activity: 1194

Merit: 573

OGRaccoon

make that 4519!!!

Sell off has been brutal!

philipma1957

legendary

Activity: 4102

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'The right to privacy matters'

THE CRASH is magnificent we are at 4721!

VRobb

hero member

Activity: 1610

Merit: 538

I'm in BTC XTC

Good call phil, as I write this BTC is under 5k at 4943 and still dropping. Crazy. Time to buy BTC and some juicy stocks, say some Amazon or Costco. Once this corona nonsense settles out the markets will zoom back to where they were before all this, and then some imho. To the moon, Alice, to the moon!

favebook

sr. member

Activity: 604

Merit: 416

Quote from: philipma1957 on March 12, 2020, 07:33:19 PM

I just got some at 4900 damn!!

Yeah, I bought at 4850, going to put some cash on my card tomorrow so I can buy more. This is insane sale on BTC Cheesy

philipma1957

legendary

Activity: 4102

Merit: 7765

'The right to privacy matters'

I just got some at 4900 damn!!

favebook

sr. member

Activity: 604

Merit: 416

We hit 5584$ per BTC today, I am so happy and sad in same time... I am going to invest now which makes me hell of happy man but I am so sad since I am a miner as well...

philipma1957

legendary

Activity: 4102

Merit: 7765

'The right to privacy matters'

No if you going to crash it crash the fuck out of smash and bash it.

Sound harsh but it is better to put a true hurt to it.

I will be shutting some s9's April 1
I had planned on shut down 3 of them.
I may shut down all 31 of them.

I have the better gear so I will be all right.

When I look at this I see 2 moves way up or way down.

When markets head way down there is always good opportunity to buy in.

When markets head way up there is always good opportunity to sell off.

mikeywith

legendary

Activity: 2170

Merit: 6279

be constructive or S.T.F.U

Current status

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

Latest Block:   621360 (12 minutes ago)
Current Pace:   94.0065% (433 / 460.61 expected, 27.61 behind)
Current Difficulty:   16552923967337.23XXXXXXXXXXXXXXXXXXXXXXXXXXXX
Next Difficulty:   between 15611273350713 and 16178740273875
Next Difficulty Change:   between -5.6887% and -2.2605%

However, in times like this, it makes no sense to look at the difficulty, it's wiser to keep an eye on the hashrate itself since it responds faster than the difficulty estimator.

https://www.blockchain.com/en/charts/hash-rate?timespan=30days

The total hash rate dipped from 119 yesterday to 98 now, that is nearly a -17% drop, which of course does not have a ratio of 1:1 in respect to price, but in reality, a 17% drop (if it doesn't change) will bring us to at least 15% drop in difficulty and not just -5% as estimated, so assuming price lost 30% and difficulty will only go down by 15%, we talking about 2:1 ratio or 15% loss in fiat profit in the coming epoch, although I highly doubt that price is going to stop declining, maybe a little bit of correction and then we dip again, I hope I am wrong about this one.

philipma1957

legendary

Activity: 4102

Merit: 7765

'The right to privacy matters'

When there is this much hurt in the markets I can only say let coins drop to 5000 maybe even 4800.

Says nutty but crushing the price would be better then 5800 being the low.

wndsnb

hero member

Activity: 544

Merit: 589

Numbers looking pretty bad, If price doesn't rebound we could see a big diff drop. Projected diff down around 5.5% at the moment.

On the bright side, we could see some sweet deals on s19s...

philipma1957

legendary

Activity: 4102

Merit: 7765

'The right to privacy matters'

We are still mining in Clifton.

A lot of miners must be hurting.

Resellers are going to get hurt 😞.

TheYankeesWin!

sr. member

Activity: 462

Merit: 300

I am going to try to keep mining. I bought some coin today at 6100.

citronick

legendary

Activity: 1834

Merit: 1080

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

BTC just dipped BELOW 6k while I am typing this post.

Even my 6c hydro power wont save me now....

Should I hang on at least until halving?

philipma1957

legendary

Activity: 4102

Merit: 7765

'The right to privacy matters'

Corona-v is causing huge price pressures.

Hang in there everyone.

diff is down over 7.2%

btc is 7600-7700

lastly dow jones market dropped to about 23,800

mikeywith

legendary

Activity: 2170

Merit: 6279

be constructive or S.T.F.U

Quote from: philipma1957 on March 11, 2020, 12:00:17 PM

As much as I hate to say it but these 7700-7800 levels will shake out a lot of miners.

I hate to see people lose money especially the newbies who probably invested all of their hard-earned money thinking mining is an easy way of making money, but they have to learn the hard way sadly.

Quote from: philipma1957 on March 11, 2020, 12:00:17 PM

It seems BTC is under price pressure bigly.

Everything except gold is, and BTC is no exception, the current nature of bitcoin does not make it a safe haven and most investors think of it as a high risk asset, and in situations like that one we have now, people will tend to sell it rather than buy it, I will not be surprised if bitcoin hits 3k again this year, and as I much as I hate to see that happen, I am well prepared for a similar scenario and I think everyone should be.

Quote from: philipma1957 on March 11, 2020, 12:00:17 PM

I wonder if bitmain will use s19 pro's in-house and clear out all their in house s17 and s17 pro gear.

My guess is that they will try to sell as many miners as they can, they will probably have to sell their BTC holdings in order to survive potentially severe market conditions.

Philipma1957cellphone

full member

Activity: 416

Merit: 125

Quote from: stompix on March 11, 2020, 02:15:45 PM

... @philipma1957, are you still in the green after a halving with no price no diff change?

yes but barely.

Topic: It is 2020 time for a new diff thread. - page 31. (Read 14620 times)