Author

Topic: Total hash rate dropped (Read 318 times)

legendary
Activity: 2170
Merit: 6279
be constructive or S.T.F.U
June 11, 2021, 09:21:39 PM
#21
I don't know why the world is still relying upon Bitmain for PSU, If you know the Output Voltage and the accurate polarity then you can build your own custom PSU easily, What is the special about their PSU!

The way these PSUs and the miner itself works makes it hard to clone the PSU, it's a "smart-psu" that interacts with the control board, it's a bit more complex than just a rectifier and a transformer, I don't think it's pretty difficult to do but nobody cloned it probably because 1 it will cost a lot 2 the demand isn't high enough to justify the investment.

I don't think there is any conspiracy theory behind the lack of PSUs, they probably are limited to a certain capacity, I also think they did not expect the failure rate to be this high, most large scale miners I know who bought a dozen of the 19 series said the miner itself is solid but the PSU is trash, so probably bitmain had to replace a dozen of those PSUs and thus they have little to nothing to sell on their website.

Other companies like MicroBT are also short of PSUs, this has been kind of common for years now, it is why one must try to stick to buying the same miner model and get a few extra PSUs for backup, and because most miners die before the PSU does, having the same miner model has a huge advantage over having different models, every miner that dies on you gives you a spare PSU and a control board, I have more PSUs and control boards for my S9s than I'll ever need.

legendary
Activity: 4032
Merit: 7391
'The right to privacy matters'
June 11, 2021, 05:18:03 PM
#20
~
a s17pro does 53th which is 53 x .23 = 12.19
it burns 2000 watts  or 50 k-watts a day that is 5 bucks at 10 cent power
so 12.19-5 = 7.19 profit
so everyone at 10cent power that is allowed to mine an s19 or any newer gear is mining it.

After paying all power costs they will get approx ~7 per day, though it is not profitable as the previous days but it's not bad for Individual miners or traders. If you thinking about large commercial miners they have to bear some additional cost to maintain/operate their firms.
For BTC mining electricity costs are in the range in North American countries but much higher in Central America and South America.


~
Bitmain is not providing psu's for
s15
s17
S17+
s17e
t15
t17
t17+
t17e
s19
t19

https://shop.bitmain.com/product/parts

and the psu's die making the gear turn off
leaving bitmain hashing along with its cloud gear.

I don't know why the world is still relying upon Bitmain for PSU, If you know the Output Voltage and the accurate polarity then you can build your own custom PSU easily, What is the special about their PSU!

bitmain
innosilcon
cannon
microbit

 have bespoke psus' on all the newer gear say 2018 or 2019 on.

you must match the correct psu to the correct gear or it will not work.

the work around is not simple.  you need to talk to the psu from the controller.

Now aftermarket firmware could possibly fix that issue but the psi's won't even fit into the miners,

try to take this psu

https://whatsminer.net/product/p21-psu/

get it to fit with this miner

https://shop.bitmain.com/product/detail?pid=00020210224195530399kqcF32sc06B9

it physically does not fit

btw note the microbit psu is not in stock
the bitmain psus are not in stock
https://shop.bitmain.com/product/parts
the cannon psu are not in stock
and the innosilicon psu are not in stock
https://innosilicon.com/html/product/parts/index.html

the four major builders are simply cloud mining while the coin price is high and shutting the rest of us out as our (sp) gear breaks down.

why is that :

simple they can not get lots of chips to sell lots of gear so while mining is still doing great they mine on and fuck the rest of us.
legendary
Activity: 2688
Merit: 1114
Leading Crypto Sports Betting & Casino Platform
June 11, 2021, 04:34:57 PM
#19
~
a s17pro does 53th which is 53 x .23 = 12.19
it burns 2000 watts  or 50 k-watts a day that is 5 bucks at 10 cent power
so 12.19-5 = 7.19 profit
so everyone at 10cent power that is allowed to mine an s19 or any newer gear is mining it.

After paying all power costs they will get approx ~7 per day, though it is not profitable as the previous days but it's not bad for Individual miners or traders. If you thinking about large commercial miners they have to bear some additional cost to maintain/operate their firms.
For BTC mining electricity costs are in the range in North American countries but much higher in Central America and South America.


~
Bitmain is not providing psu's for
s15
s17
S17+
s17e
t15
t17
t17+
t17e
s19
t19

https://shop.bitmain.com/product/parts

and the psu's die making the gear turn off
leaving bitmain hashing along with its cloud gear.

I don't know why the world is still relying upon Bitmain for PSU, If you know the Output Voltage and the accurate polarity then you can build your own custom PSU easily, What is the special about their PSU!
legendary
Activity: 4032
Merit: 7391
'The right to privacy matters'
June 10, 2021, 05:38:06 PM
#18
Global hash rate droped from 190eh    9th of May 2021 to 124eh as at today 19th  May 2021
seems like many hungry power miners switched off.
source:
https://www.blockchain.com/charts/hash-rate


Recently China has announced a Crackdown on crypto mining firms. Due to these temporary reasons and Due to fake Twitter influence, the price of Bitcoin has been fallen. On the other hand, most of the American miners are temporarily dormant as Bitcoin prices fall. Considering the cost of electricity in the USA, crypto mining is not profitable at all now. .

That's why the total hash rate has suddenly decreased. Already China mining companies have decided to shift their mining firms to Central Asian countries. Maybe soon this situation will become normal.



a s17pro does 53th which is 53 x .23 = 12.19

it burns 2000 watts  or 50 k-watts a day that is 5 bucks at 10 cent power

so 12.19-5 = 7.19 profit


so everyone at 10cent power that is allowed to mine an s19 or any newer gear is mining it.

what is happening is the following

an s9 earns 13 x .23 = 3 a day it burns  35 kwatts or 3.50 at 10 cents so it is turned off

and the second part is more important

Bitmain is not providing psu's for

s15
s17
S17+
s17e
t15
t17
t17+
t17e
s19
t19

https://shop.bitmain.com/product/parts

and the psu's die making the gear turn off

leaving bitmain hashing along with its cloud gear.
legendary
Activity: 2688
Merit: 1114
Leading Crypto Sports Betting & Casino Platform
June 10, 2021, 05:07:18 PM
#17
Global hash rate droped from 190eh    9th of May 2021 to 124eh as at today 19th  May 2021
seems like many hungry power miners switched off.
source:
https://www.blockchain.com/charts/hash-rate


Recently China has announced a Crackdown on crypto mining firms. Due to these temporary reasons and Due to fake Twitter influence, the price of Bitcoin has been fallen. On the other hand, most of the American miners are temporarily dormant as Bitcoin prices fall. Considering the cost of electricity in the USA, crypto mining is not profitable at all now. .

That's why the total hash rate has suddenly decreased. Already China mining companies have decided to shift their mining firms to Central Asian countries. Maybe soon this situation will become normal.
full member
Activity: 228
Merit: 156
May 26, 2021, 09:39:50 AM
#16
Quote
the rough figures is that now are mined nearly 16,000,000 btc with 40,000 usd each = 640.000.000.000 usd aprox.

So, again he is almost right. 1 trillion=10⁹ so it's less with 40,000$ value, almost exact if his talk was recorded in the 60,000$ value.
He says it a 10 billion $ to break Bitcoin which is in the power of any state nation like China or even USA.
jr. member
Activity: 96
Merit: 1
May 26, 2021, 08:52:51 AM
#15
Quote
My RTX 3080s are currently doing 6-7 USD per day even though they are mining at around 92 MH/s.
Oh yeah, sorry I didn't calculate it earlier, so Justin Drake rough estimate is not very far from the truth.
Considering 92~100 then it costs ~ 60-70 $ for 10⁹ (which he estimated 50$)
-Now next is really total Bitcoin current market volume is about 1 trillion USD???


really dont undertand what current market means
is it the bitcoins that are in currency exchange platforms??

the rough figures is that now are mined nearly 16,000,000 btc with 40,000 usd each = 640.000.000.000 usd aprox.
so even Elon cant manipulate BTC he can only accuse btc mining for being not eco friendly when his cars move with electricity
and nearly 95 % of electricity is made from hydrocarbons..













my stolen account lowbander80 was legentary
mining since 2013
1JgddX4AWtLxn9G3hMFzR99CVcZk2U66mQ
full member
Activity: 228
Merit: 156
May 26, 2021, 08:33:08 AM
#14
Quote
My RTX 3080s are currently doing 6-7 USD per day even though they are mining at around 92 MH/s.
Oh yeah, sorry I didn't calculate it earlier, so Justin Drake rough estimate is not very far from the truth.
Considering 92~100 then it costs ~ 60-70 $ for 10⁹ (which he estimated 50$)
-Now next is really total Bitcoin current market volume is about 1 trillion USD???
jr. member
Activity: 96
Merit: 1
May 26, 2021, 08:18:46 AM
#13
So the hashrate is directly dependent on current Bitcoin value? My RTX 3080s are currently doing 6-7 USD per day even though they are mining at around 92 MH/s.

If people stop mining when the BTC value falls yes, you could say that they are linked for sure.

I guess that you use Nicehash with your RTX ? You mine ETH and you are paid in BTC if I'm not wrong ?

Hello,

I am mining in BTC and then transfer them to Binance (when enough has accumulated) for withdrawal in USD.

I guess the correct term is that you are mining something else other than bitcoin as bitcoin cant any more be mined with graphics cards.
so because I also mine ethereum the prices are displayed also in BTC
when you get paid you get paid in ETH not BTC
but since BTC is the dominant crypto its displayed in this pluse the USD is dominant outside of EU this is why its also displayed in USD.





my stolen account lowbander80 was legentary
mining since 2013
1JgddX4AWtLxn9G3hMFzR99CVcZk2U66mQ

jr. member
Activity: 37
Merit: 3
May 23, 2021, 12:28:47 AM
#12
So the hashrate is directly dependent on current Bitcoin value? My RTX 3080s are currently doing 6-7 USD per day even though they are mining at around 92 MH/s.

If people stop mining when the BTC value falls yes, you could say that they are linked for sure.

I guess that you use Nicehash with your RTX ? You mine ETH and you are paid in BTC if I'm not wrong ?

Hello,

I am mining in BTC and then transfer them to Binance (when enough has accumulated) for withdrawal in USD.
full member
Activity: 228
Merit: 156
May 22, 2021, 07:46:22 AM
#11
Since u r discussing hashrate price and it's correlation with Bitcoin price, can u comment on what Justin Drake discusses in mins 29-32 about the security of Bitcoin?Huh
https://t.co/Ee6B94w9XW?amp=1
I see u r talking about different hashrate prices than what he estimated?Huh
copper member
Activity: 76
Merit: 47
May 22, 2021, 04:51:21 AM
#10
So the hashrate is directly dependent on current Bitcoin value? My RTX 3080s are currently doing 6-7 USD per day even though they are mining at around 92 MH/s.

If people stop mining when the BTC value falls yes, you could say that they are linked for sure.

I guess that you use Nicehash with your RTX ? You mine ETH and you are paid in BTC if I'm not wrong ?
jr. member
Activity: 37
Merit: 3
May 22, 2021, 03:58:14 AM
#9
So the hashrate is directly dependent on current Bitcoin value? My RTX 3080s are currently doing 6-7 USD per day even though they are mining at around 92 MH/s.
jr. member
Activity: 96
Merit: 1
May 21, 2021, 01:23:38 AM
#8
It's called random variance. There is a drop, but it isn't to 124eh
That site does not understand statistics, which is mandatory for anyone trying to estimate the global Bitcoin hashrate.

As is typical of many sites who really don't know what they are doing, there is no error range shown on their graph, which since it's daily, that error range will be high.
Firstly, as explained here, https://bitcointalksearch.org/topic/--5307087
if you use 250 blocks to estimate the Bitcoin network hash rate, you have a 42.9% chance of being more than 5% wrong.
With only a smaller sample of 1 day (expected 144 blocks) it a higher chance of being more than 5% wrong.

Also, I can't find 124eh anywhere recently on that graph.

in this graph on the lowerside has option 30days 60days etc. Check the 30days
also in the right side has option raw value-7 day average-30 day average : check the raw values.
there you will see the drop of 124eh.
am not defending that site just mentioning the drop.

also today saw in the news problems with the Sichuan distict with power.

so the breaking news that china bans bitcoin for the 99th time this year is a fact  Grin Grin










my stolen account Lowbander80 was Legentary
Mining since 2013
1JgddX4AWtLxn9G3hMFzR99CVcZk2U66mQ

legendary
Activity: 4354
Merit: 1783
Linux since 1997 RedHat 4
May 20, 2021, 10:41:43 PM
#7
Yeah, power hungry ASIC farms are prob having to cut down a bit to save off power costs, plus with China announcing their crypto warning I'm sure that really put a massive dent in the hash rate. Cool Cool
Clearly the post of a noob who has no idea what is going on ...
newbie
Activity: 1
Merit: 0
May 19, 2021, 11:18:52 PM
#6
Yeah, power hungry ASIC farms are prob having to cut down a bit to save off power costs, plus with China announcing their crypto warning I'm sure that really put a massive dent in the hash rate. Cool Cool
legendary
Activity: 4354
Merit: 1783
Linux since 1997 RedHat 4
May 19, 2021, 06:32:27 PM
#5
It's called random variance. There is a drop, but it isn't to 124eh
That site does not understand statistics, which is mandatory for anyone trying to estimate the global Bitcoin hashrate.

As is typical of many sites who really don't know what they are doing, there is no error range shown on their graph, which since it's daily, that error range will be high.
Firstly, as explained here, https://bitcointalksearch.org/topic/--5307087
if you use 250 blocks to estimate the Bitcoin network hash rate, you have a 42.9% chance of being more than 5% wrong.
With only a smaller sample of 1 day (expected 144 blocks) it a higher chance of being more than 5% wrong.

Also, I can't find 124eh anywhere recently on that graph.
copper member
Activity: 76
Merit: 47
May 19, 2021, 03:32:12 PM
#4
Looks link BTC price has dropped enough to make people / farms with higher power costs and less efficient miners shut down.
Also it's been warmer here in the US and other locations in North America so places that could deal with marginal cooling might have also dropped off a bit.
Add that with some normal variance and some Musk fanboys and girls who switched off their miners because they were not green and you have your drop.

Not going to worry about it.
Mine on.

-Dave

Yes I totally agree with you.

I reckon that the global hashrate will increase in the early september
legendary
Activity: 3388
Merit: 6072
Crypto Swap Exchange
May 19, 2021, 08:39:48 AM
#3
Looks link BTC price has dropped enough to make people / farms with higher power costs and less efficient miners shut down.
Also it's been warmer here in the US and other locations in North America so places that could deal with marginal cooling might have also dropped off a bit.
Add that with some normal variance and some Musk fanboys and girls who switched off their miners because they were not green and you have your drop.

Not going to worry about it.
Mine on.

-Dave
full member
Activity: 416
Merit: 125
May 19, 2021, 08:19:27 AM
#2
Global hash rate droped from 190eh    9th of May 2021 to 124eh as at today 19th  May 2021
seems like many hungry power miners switched off.


source:
https://www.blockchain.com/charts/hash-rate
 












my stolen account Lowbander80 was Legentary
Mining since 2013
1JgddX4AWtLxn9G3hMFzR99CVcZk2U66mQ

I quote you to help secure this account.

Yeah looks like the s9 is getting dumped.

It earns about 3 dollars a day and burns 30 kwatts so it needs cheap power. 
jr. member
Activity: 96
Merit: 1
May 19, 2021, 04:32:13 AM
#1
Global hash rate droped from 190eh    9th of May 2021 to 124eh as at today 19th  May 2021
seems like many hungry power miners switched off.


source:
https://www.blockchain.com/charts/hash-rate
 












my stolen account Lowbander80 was Legentary
Mining since 2013
1JgddX4AWtLxn9G3hMFzR99CVcZk2U66mQ
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