Too early to tell, however the user number is lowering but hashrate keeps climbing, a paradox, really.
That will be because as some miners are closing shop, the miners who remain are mining harder and doing more work trying to make profit.
Topic: Pool hashing rate dropping in 30 minutes? (Read 1047 times)
That will be because as some miners are closing shop, the miners who remain are mining harder and doing more work trying to make profit.
With a price of 0,05$ I would let my gear spinning like crazy.
But im turning off 300TH of S5`s and Sp20`s when my shipment of 600TH arrives, so the halving made me increase the hash rate by 300TH, not lowerring. I think you will see a lot of others doing the same scenario and shut off S3`s and boot up S7`s or even S5`s.
As long as you have cheap power, hell, even the S5`s is stil a win win.
But im turning off 300TH of S5`s and Sp20`s when my shipment of 600TH arrives, so the halving made me increase the hash rate by 300TH, not lowerring. I think you will see a lot of others doing the same scenario and shut off S3`s and boot up S7`s or even S5`s.
As long as you have cheap power, hell, even the S5`s is stil a win win.
With the price being in the mid $600's and the S9's starting to be used I just don't see a large drop soon.
The price of BTC is $200 higher than it was 3 months ago, which is less than 2x but still enough to keep the larger/lower cost miners going.
With the S9's coming online in larger numbers this will also help out the miners to maintain the profit margin they are use to.
I do believe a number of small/home miners, those with electricity above $.05, will slowly but eventually stop.
But that equipment may make it's way to other places where they can still be profitable.
One thing is for sure, I am interested to see what the next 12 months holds for the BTC hashrate.
The price of BTC is $200 higher than it was 3 months ago, which is less than 2x but still enough to keep the larger/lower cost miners going.
With the S9's coming online in larger numbers this will also help out the miners to maintain the profit margin they are use to.
I do believe a number of small/home miners, those with electricity above $.05, will slowly but eventually stop.
But that equipment may make it's way to other places where they can still be profitable.
One thing is for sure, I am interested to see what the next 12 months holds for the BTC hashrate.
On bw.com and blockchain.info, it is showing a 20% drop already. I guess it should propagate to other websites soon. I am just curious how long can this sustain.
BTC hash rate down by 1/3 on Day 4 after halving
Still looks like a positive by a small amount on bitwisdom, but again it is a estimate:
Bitcoin Difficulty: 213,398,925,331
Estimated Next Difficulty: 215,557,429,635 (+1.01%)
Adjust time: After 712 Blocks, About 4.9 days
Hashrate(?): 1,513,827,421 GH/s
I would love to see hashrate go down, but not sure how fast it will be on getting those old miners offline. So far it does not seem like a really big surge of unplugging miners. And some places have such cheap electricity it's hard to say what they can use and still be profitable. But guess time will tell.
BTC hash rate down by 1/3 on Day 4 after halving
Too early to tell, however the user number is lowering but hashrate keeps climbing, a paradox, really.
Just wondering if anyone else is keeping an eye out on the pool hashing rate dropping in 30 minutes? I'll be shutting down a couple home miners (leaving the ones at work as the only ones on) after the halving and was curious if there would be enough people to show a drop in the pool hashing rate?
One thing to keep in mind is it is the weekend so some might not disconnect right after having. I did mine a little after as my S7 I now need to sell. But I can see some running for a while in hopes of price going up.
I think old gear coming off could be a little slow. And really it is not home miners that will cause a huge drop, it is the bigger mining data-centers. A lot of home mining gear I think will come off, be sold to lower priced electricity or "free electricity" user. I know I have a S7 that will be sold. I expect it to be plugged in somewhere else so it will only be offline for a short time.
My pool's hashrate hasn't changed significantly, nor did the gobal one.
I don't think the big players will do anything related to the halving this soon.
I don't think the big players will do anything related to the halving this soon.
Just wondering if anyone else is keeping an eye out on the pool hashing rate dropping in 30 minutes? I'll be shutting down a couple home miners (leaving the ones at work as the only ones on) after the halving and was curious if there would be enough people to show a drop in the pool hashing rate?
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