Newest Diff thread April 5 to April 18th - page 3.

notlist3d

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Quote from: philipma1957 on April 17, 2015, 06:24:11 PM

Quote from: adaseb on April 17, 2015, 05:31:37 PM

I don't think the price going below $200 will affect the difficulty much. It might affect it by around -5% or so. We were below $200 for a couple days and the difficulty wasn't decreasing anyways.

For miners its worse because about a month ago, price was almost $300 and difficulty is pretty much exactly where it is right now but we were making 25% more.

Its not a linear curve.

Price might go down 50% and difficulty might only go down 20%.

I think the reason being is that many miners right now have free electricity and for them it doesn't matter what the price is because they are always pulling in a profit.

Yeah and while I have a 2.4 cent setup it is only 2 s-3's . In a friends office.

I will soon move 2 or 3 avalon 4.1's to another friends place he has 0.07 usd power and while 7 cents is not as good as 2.4 cents it is decent.

the whole game will turn into spot mining only in under 8 cent power places.

My big thing is getting a summer mining area. Cooling by fan's and extraction of heat is a lot cheaper then AC. A cant pay AC bill to cool all of my gear, so currently next few weeks will be making my new summer mining area.

philipma1957

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'The right to privacy matters'

Quote from: adaseb on April 17, 2015, 05:31:37 PM

I don't think the price going below $200 will affect the difficulty much. It might affect it by around -5% or so. We were below $200 for a couple days and the difficulty wasn't decreasing anyways.

For miners its worse because about a month ago, price was almost $300 and difficulty is pretty much exactly where it is right now but we were making 25% more.

Its not a linear curve.

Price might go down 50% and difficulty might only go down 20%.

I think the reason being is that many miners right now have free electricity and for them it doesn't matter what the price is because they are always pulling in a profit.

Yeah and while I have a 2.4 cent setup it is only 2 s-3's . In a friends office.

I will soon move 2 or 3 avalon 4.1's to another friends place he has 0.07 usd power and while 7 cents is not as good as 2.4 cents it is decent.

the whole game will turn into spot mining only in under 8 cent power places.

alh

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The latest bicoinwisdom projection puts the new difficulty at about 47.6 Billion. Looking back through the list of prior adjustments, that's like a "reset" back to March 8th if it holds true.

Just an interesting viewpoint, for a Friday afternoon here in MN.

adaseb

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I don't think the price going below $200 will affect the difficulty much. It might affect it by around -5% or so. We were below $200 for a couple days and the difficulty wasn't decreasing anyways.

For miners its worse because about a month ago, price was almost $300 and difficulty is pretty much exactly where it is right now but we were making 25% more.

Its not a linear curve.

Price might go down 50% and difficulty might only go down 20%.

I think the reason being is that many miners right now have free electricity and for them it doesn't matter what the price is because they are always pulling in a profit.

notlist3d

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Quote from: philipma1957 on April 17, 2015, 12:52:48 PM

Quote from: mavericklm on April 17, 2015, 11:59:17 AM

i do not understand y u sold the s5 hosted by lee! that is very low hash speed man!

i have 11th and i underclock to ~9th have to think serious about summer... waiting to see the miner edge on the market!!!

made a calculation, and from when i started ~mid september 2014 till now, the average diff was +3.8%
ok time to mine i guess

I could have kept my 4 miners at lee. ( a mistake to sell) but I had the chimney leak and was nervous that it might need a full teardown and repair ($$ 4-6k)

So I sold off all miners but 2 and sold off coins (8 at 280 which is good at the moment) I then had 6k in hand for the repairs. So I found a new guy turns out he served in the Marines and was actually on my Navy base was i was stationed there. Translation he worked really hard and did a very nice job on a complete chimney reflashing and he used a ton of sealant . I am pretty sure that it will stay fixed and the price was under 1 k.

So I am a bit cash rich miner poor. Told the wife I will get her 2-3k worth of kitchen upgrades.
I I left Lee's 4 miners online I would have been better off then I was selling them.

But the wife is happy. That is worth a lot more then a shit load of mining gear.

Glad to hear it went well on repairs. It truly is hard to find a good/honest skilled labor. My last experience was about 1.5 weeks ago with a electrician he was scared because of miners. To put in 1 240 breaker he gave me a ballpark of 500, and the official quote came in at over 1k. Was rediclous turned out he didnt know it was a sub panel and thought it was a main. Needless to say he will not be working on my house.

mavericklm

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Quote from: philipma1957 on April 17, 2015, 12:52:48 PM

But the wife is happy. That is worth a lot more then a shit load of mining gear.

1312312% true! Grin

chimney? look into rocket stove, rmh, maybe an adaptation.... no need for chimney with rocket stove!
summer is coming and i look forward to cocking again outside on my crappy rocket stove!

philipma1957

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'The right to privacy matters'

Quote from: mavericklm on April 17, 2015, 11:59:17 AM

i do not understand y u sold the s5 hosted by lee! that is very low hash speed man!

i have 11th and i underclock to ~9th have to think serious about summer... waiting to see the miner edge on the market!!!

made a calculation, and from when i started ~mid september 2014 till now, the average diff was +3.8%
ok time to mine i guess

I could have kept my 4 miners at lee. ( a mistake to sell) but I had the chimney leak and was nervous that it might need a full teardown and repair ($$ 4-6k)

So I sold off all miners but 2 and sold off coins (8 at 280 which is good at the moment) I then had 6k in hand for the repairs. So I found a new guy turns out he served in the Marines and was actually on my Navy base was i was stationed there. Translation he worked really hard and did a very nice job on a complete chimney reflashing and he used a ton of sealant . I am pretty sure that it will stay fixed and the price was under 1 k.

So I am a bit cash rich miner poor. Told the wife I will get her 2-3k worth of kitchen upgrades.
I I left Lee's 4 miners online I would have been better off then I was selling them.

But the wife is happy. That is worth a lot more then a shit load of mining gear.

mavericklm

hero member

Activity: 742

Merit: 500

i do not understand y u sold the s5 hosted by lee! that is very low hash speed man!

i have 11th and i underclock to ~9th have to think serious about summer... waiting to see the miner edge on the market!!!

made a calculation, and from when i started ~mid september 2014 till now, the average diff was +3.8%
ok time to mine i guess

philipma1957

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Activity: 4116

Merit: 7849

'The right to privacy matters'

Since this is a favorite thread to post in this will be my first post with my new signature. I now have rented my signature for Bit-x no longer nicehash.

It is the summer's approach that has affected my decisions greatly over the last 30 days. I reduced my 13-14th in house to a mere 1.6 or 1.7th

I also think I will do far more buying holding and trading the next 60-90 days. So this thread will affect a lot of my buying decisions . We are going to push towards -4 percent this time . I think I see a downward price trend. KNC is involved in a very big lawsuit. I can see btc going under 200 usd very soon. This will make for quite a few - diff adjustments.

alh

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Looks like I'll have to restart my 10PH farm if I want to win the pool again this time around. I might even have to call an emergency meeting of my friends at OBEC (Organization of Bitcoin Exporting Countries).

In case it's not obvious, this is intended to be a humorous post!!!

philipma1957

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'The right to privacy matters'

Quote from: notlist3d on April 17, 2015, 05:53:18 AM

Price has went down since it was around 230. Were now at around 220 level again.

I hope we can get a little more upswing on price. It would definitely help.

https://bitcoinwisdom.com/bitcoin/difficulty

(-3.26%)

320 Blocks left, About 2.3 days

coinbase = 220 usd

it looks like we could hit a -4 decrease

notlist3d

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Price has went down since it was around 230. Were now at around 220 level again.

I hope we can get a little more upswing on price. It would definitely help.

philipma1957

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'The right to privacy matters'

Quote from: Mikestang on April 16, 2015, 11:00:42 PM

I always think of Daffy Duck jumping on the Jeanie to get him back in the lamp, that's me jumping on network difficulty. DOWN DOWN DOWN!

I could go up to -1.11% but I digress.

http://www.bitcoincharts.com/ has us at -2.909% with 349 blocks to go.

Blocks   352451
Total BTC   14.061M

Difficulty   49446390688
Estimated   48007913104 in 349 blks

Network total   324164.931 Thash/s
Blocks/hour   5.49 / 655 s

http://btc.blockr.io/charts

4-05-2015 148

4-06-2015 126 -18
4-07-2015 150 -12
4-08-2015 128 -28
4-09-2015 138 -34
4-10-2015 148 -30
4-11-2015 140 -34
4-12-2015 130 -48
4-13-2015 150 -42
4-14-2015 152 -34
4-15-2015 121 -57
4-16-2015 139 -62 we are about 62 blocks off pace.
4-17-2015

Mikestang

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I always think of Daffy Duck jumping on the Jeanie to get him back in the lamp, that's me jumping on network difficulty. DOWN DOWN DOWN!

notlist3d

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End of day it keeps going slightly down. Nice to see:

Bitcoin Difficulty:    49,446,390,688
Estimated Next Difficulty:    48,042,649,248 (-2.84%)
Adjust time:    After 361 Blocks, About 2.6 days

notlist3d

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Quote from: Amph on April 16, 2015, 03:56:36 AM

Quote from: notlist3d on April 15, 2015, 11:40:50 PM

Well the day is coming to a end. It looks like it has went down a little slightly

Bitwisdom:
Bitcoin Difficulty:    49,446,390,688
Estimated Next Difficulty:    48,366,693,228 (-2.18%)
Adjust time:    After 488 Blocks, About 3.5 days

it should re-adjust itself now, seeing the price rised a little like +1 % or near that or retunr at the previous rate(1.92%?)

It is nice on price. Still not a huge jump were getting close to $230. So a little better then the sub 220 price a few day's ago.

Bitwisdom continues to go down:

Bitcoin Difficulty:    49,446,390,688
Estimated Next Difficulty:    48,198,920,875 (-2.52%)
Adjust time:    After 405 Blocks, About 2.9 days

Amph

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Quote from: notlist3d on April 15, 2015, 11:40:50 PM

Well the day is coming to a end. It looks like it has went down a little slightly

Bitwisdom:
Bitcoin Difficulty:    49,446,390,688
Estimated Next Difficulty:    48,366,693,228 (-2.18%)
Adjust time:    After 488 Blocks, About 3.5 days

it should re-adjust itself now, seeing the price rised a little like +1 % or near that or retunr at the previous rate(1.92%?)

notlist3d

legendary

Activity: 1456

Merit: 1000

Well the day is coming to a end. It looks like it has went down a little slightly

Bitwisdom:
Bitcoin Difficulty:    49,446,390,688
Estimated Next Difficulty:    48,366,693,228 (-2.18%)
Adjust time:    After 488 Blocks, About 3.5 days

notlist3d

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Quote from: philipma1957 on April 15, 2015, 11:45:48 AM

Quote from: Quickseller on April 15, 2015, 01:18:07 AM

Quote from: philipma1957 on April 15, 2015, 01:01:19 AM

Most likely I should sell these two off at the end of April.. Then hold the coins.

I am a long term hodler. I have acquired a large amount of coins via signature deals and the like since when bitcoin was trading at over $700. I have a good amount of fiat stashed away at coinbase waiting for the price to take a serious dive.

Sadly the most profitable course of action for mining seems to be to buy miners directly from manufacturers, then mine for some amount of time and then sell them for a profit (when you take into account your mining revenue). When I first seriously starting monitoring bitcoin and bitcoin related news (mostly by lurking on reddit in early 2014) it seemed that people were able to sell miners they purchased from manufacturers for several times the amount they paid for them.

The ability to profit from mining seems to be almost like a game of 'hot patio' and my biggest concern is that a good portion of the miners will end up in the hands of people with malicious intentions.

Like I said in my previous post, mining is likely going to be more fun then playing the lottery. Likewise, there is a good chance that mining would be more entertaining the going out to the movies or going out to a nice restaurant. If this is the case then it makes sense to not go out one or two weekends and instead mine for a few months, however from a financial perspective it is probably not a good idea to solo mine with less then several PHs of mining

Yeah I am in the position of 2 power prices. summer rates are 16.9 cents add a 1.1 to cool gear and I am at 18 cents for about 100 days of the year.

Winter rates are 13 cents take away a 3 cent heating benefit and I drop to 10 cents for about 265 days of the year.

When the high rates approach I sell off most of my gear. My in House was as high as 15th this winter I am now down to 2th or with under clock 1.5th

The game is now is how cheap is your power rate. I have 2 s-3's chugging away in a 2.4 cent power spot. They have mined at 850gh since July 23 of 2014. They still do okay since power bill is 24 x 650 watts = 16 kwatts a day x 30 = 480 kwatts a month Round to 500kwatts x 2.4 cents = 12 dollars and 850gh earns 56 bucks in a month.
So they make about 40 usd a month.

I am limited to under 750 watts and under 50 db. those s-3s are clocked to freq 212 and they have preformed very well.
Now if I had the spot using 7500 watts it would be a nice piece of change but that is not the case.

My price is the same only thing is I have to battle heat during electricity. I have it working decent right now. If i get what I want I will be building a summer spot for my miners. Lots of air and exhust.

It's kinda of slowed down other things right now I've thrown quite a bit of time in planning my new mining spot.

On difficulty looks like we are sitting pretty steady at this point at negative levels:
Bitcoin Difficulty:    49,446,390,688
Estimated Next Difficulty:    48,428,739,111 (-2.06%)
Adjust time:    After 551 Blocks, About 3.9 days

philipma1957

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Activity: 4116

Merit: 7849

'The right to privacy matters'

Quote from: Quickseller on April 15, 2015, 01:18:07 AM

Quote from: philipma1957 on April 15, 2015, 01:01:19 AM

Most likely I should sell these two off at the end of April.. Then hold the coins.

I am a long term hodler. I have acquired a large amount of coins via signature deals and the like since when bitcoin was trading at over $700. I have a good amount of fiat stashed away at coinbase waiting for the price to take a serious dive.

Sadly the most profitable course of action for mining seems to be to buy miners directly from manufacturers, then mine for some amount of time and then sell them for a profit (when you take into account your mining revenue). When I first seriously starting monitoring bitcoin and bitcoin related news (mostly by lurking on reddit in early 2014) it seemed that people were able to sell miners they purchased from manufacturers for several times the amount they paid for them.

The ability to profit from mining seems to be almost like a game of 'hot patio' and my biggest concern is that a good portion of the miners will end up in the hands of people with malicious intentions.

Like I said in my previous post, mining is likely going to be more fun then playing the lottery. Likewise, there is a good chance that mining would be more entertaining the going out to the movies or going out to a nice restaurant. If this is the case then it makes sense to not go out one or two weekends and instead mine for a few months, however from a financial perspective it is probably not a good idea to solo mine with less then several PHs of mining

Yeah I am in the position of 2 power prices. summer rates are 16.9 cents add a 1.1 to cool gear and I am at 18 cents for about 100 days of the year.

Winter rates are 13 cents take away a 3 cent heating benefit and I drop to 10 cents for about 265 days of the year.

When the high rates approach I sell off most of my gear. My in House was as high as 15th this winter I am now down to 2th or with under clock 1.5th

The game is now is how cheap is your power rate. I have 2 s-3's chugging away in a 2.4 cent power spot. They have mined at 850gh since July 23 of 2014. They still do okay since power bill is 24 x 650 watts = 16 kwatts a day x 30 = 480 kwatts a month Round to 500kwatts x 2.4 cents = 12 dollars and 850gh earns 56 bucks in a month.
So they make about 40 usd a month.

I am limited to under 750 watts and under 50 db. those s-3s are clocked to freq 212 and they have preformed very well.
Now if I had the spot using 7500 watts it would be a nice piece of change but that is not the case.

Topic: Newest Diff thread April 5 to April 18th - page 3. (Read 7934 times)