Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 298. (Read 26497732 times)
August 19, 2024, 02:01:14 AM
August 19, 2024, 01:01:15 AM
August 19, 2024, 12:01:14 AM
August 18, 2024, 11:38:53 PM
me and my shadow buddy. 1 and 2 in post count
August 18, 2024, 11:01:16 PM
August 18, 2024, 10:31:10 PM
buddy. thou shall not pass
August 18, 2024, 10:01:16 PM
August 18, 2024, 09:02:07 PM
please surrender to contain your damage to price as I have surrounded you.
August 18, 2024, 09:01:14 PM
August 18, 2024, 09:00:25 PM
buddy I nosed you out with seconds to go.
August 18, 2024, 08:38:48 PM
Sunday night dump, everyone. Set your watches.
Set. Clocked in. And planning to sell the watch in order to buy more Bitcoin.
August 18, 2024, 08:38:18 PM
but how many 100 watt or 200 watt or 300 watt miners are running
avalon on medium speed is 100 watts.
I will run my two until they break. but that is about 210 watts and 7th
even if a million do it it is
7,000,000 th or
7,000. ph or
7. eh
the interesting thing is will we get the 100 million people level doing this.
if we do it could really help btc down the road.
stopped mining gpu/fpga coins when eth went pos. sold that shit for corn. i do miss the hum haha.
but i did i mined btc on gpu/fpga in 2011/2012 and even continued at a slight loss. guess what, those btc coins i mined at a slight loss are where probably 60 percent of my stack today came from. because i kept mining. wasnt worrying about the money, btc was cool thats all i needed.
of course i did folding at home which where multi gpu rigs just for funziesi for free so i was used to power bills and such.
so i said all that to say this: but i still have a dedicated 20amp outlet that i can run derated at what 16 amps. and as long as they are somewhat quiet i might still give a go.
i think many small miners that can be used in basements and garages etc are the way to go.
commercial mining is really hard.
It also makes coins very cashable to maintain or expand mine which means you could do what I did go for four used s-9 burning
5.2 kwatts to over 260kwatts of gear. that will need to be upgraded yet again. too hard and while we made a profit. buy and hodl would have crushed the profit i made
August 18, 2024, 08:01:14 PM
August 18, 2024, 07:19:46 PM
but how many 100 watt or 200 watt or 300 watt miners are running
avalon on medium speed is 100 watts.
I will run my two until they break. but that is about 210 watts and 7th
even if a million do it it is
7,000,000 th or
7,000. ph or
7. eh
the interesting thing is will we get the 100 million people level doing this.
if we do it could really help btc down the road.
stopped mining gpu/fpga coins when eth went pos. sold that shit for corn. i do miss the hum haha.
but i did i mined btc on gpu/fpga in 2011/2012 and even continued at a slight loss. guess what, those btc coins i mined at a slight loss are where probably 60 percent of my stack today came from. because i kept mining. wasnt worrying about the money, btc was cool thats all i needed.
of course i did folding at home which where multi gpu rigs just for funziesi for free so i was used to power bills and such.
so i said all that to say this: but i still have a dedicated 20amp outlet that i can run derated at what 16 amps. and as long as they are somewhat quiet i might still give a go.
i think many small miners that can be used in basements and garages etc are the way to go.
August 18, 2024, 07:09:02 PM
Sunday night dump, everyone. Set your watches.
August 18, 2024, 07:03:16 PM
buddy be busting balls again
August 18, 2024, 07:01:16 PM
August 18, 2024, 06:12:46 PM
if you look below you can see difficulty has basically just gone up since the nov 2021 high go 69 k
My guess is that's because the hashrate per watt went up on newer miners. One way or another, if it wouldn't be worth the running cost, they'd pull the plug.common sense would say you are correct but that chart shows more mining.
and the efficiency increase do not make up for the price.
ie 69k in nov 2021 with a 30 watts a th machine the diff was under 23t
and 60k in aug 2024 with an 17 watt machine the diff is over 86t
so 86/23 = 3.7x harder to mine a coin
and 30/17 = 1.76x more efficient
so if price really was driven by miners profits it should be 3.7/1.76 = 2.10 x 69k = 145k
or miners should have shut done machines.
There are a lot of hidden angles with mining.
Right now a lot of large companies are gambling that price does moon soon..
Will they be correct ? Or will they eventually quit and shut down?
Ask me at what price I would shut down my solo miner. Hint: there is no price high or low that would effect me running a solo miner. I’m not alone. The next wave of hashrate has a whole lot of lottery players joining the fray and they don’t care about profitability. It’s already a gamble for them. Sure, they’re making up a tiny percentage of the market now, but like ETF buyers who will stack at any point in the cycle reducing the 4-year effect, the new wave of miners won’t be paying attention to price per mined coin.
but how many 100 watt or 200 watt or 300 watt miners are running
avalon on medium speed is 100 watts.
I will run my two until they break. but that is about 210 watts and 7th
even if a million do it it is
7,000,000 th or
7,000. ph or
7. eh
the interesting thing is will we get the 100 million people level doing this.
if we do it could really help btc down the road.
August 18, 2024, 06:01:14 PM
August 18, 2024, 05:01:15 PM
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