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Topic: Well the 2018 btc diff jumps are over so what will 2019 bring us? - page 21. (Read 9455 times)

legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
If someone purchased with a btc payment  and gives the tx id to me  I would research it.

It would only be a partial number.

Well the march upwards has begun. only a huge price drop will end the diff jumps.

so 50eh of hash power will be back soon  if it is not already there.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
47 blocks ahead. At least the weird situation is starting to fade away and the jump came pretty well if you planned to make some payments via BTC. That mempool with 75k reminded me of the situation a year ago and it wasn't a nice feeling.

The 11% might still be because of luck but we should be going up from here, otherwise, this whole thing won't make sense at all. We're still below oct 2018 difficulty but price is 10-15% above that level.

And bitmain has sold out for every gear with August delivery...any guess how much they've had in stock?
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
We finally are getting upwards and onwards with the diff.

BTW  price went back up to 7900+.

Latest Block:   576763  (2 minutes ago)
Current Pace:   108.6347%  (188 / 173.06 expected, 14.94 ahead)
Current Difficulty:   6704632680587.417XXXXXXXXXXXXXXXXXXXXXXXXXXXX
Next Difficulty:   between 6805177368573 and 7312220086928
Next Difficulty Change:   between +1.4996% and +9.0622%

Previous Retarget:   Yesterday at 4:24 AM
Next Retarget (earliest):   May 31, 2019 at 1:42 AM  (in 11d 16h 27m 2s)
Next Retarget (latest):   May 31, 2019 at 11:39 PM  (in 12d 14h 24m 30s)
Projected Epoch Length:   between 12d 21h 17m 36s and 13d 19h 15m 4s

As always early , in only 1.5 days of a epoch,  an 8% jump does not mean much.  But maybe we will soon see the bull  rear its head.  Cracking the 10k price line would be very good.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Nice numbers  for us miners.

7323 usd  a coin.

and diff once again  almost the same   under a .5% jump to  6.704 T.

this means an s9 set to 13000gh using 1250 watts.

earns about 0.0005 btc in a day or about $3.65 USD.

at 3 cents 90 cents a day in power
at 4 cents $ 1.20 a day in power
at 5 cents $ 1.50 a day in power
at 6 cents $ 1.80 a day in power
at 7 cents $ 2.10 a day in power
at 8 cents $ 2.40 a day in power
at 9 cents $ 2.70 a day in power

I would argue cut off point is 7 cents  but I have to think people would be running s9s at 8 to 10 cent power.

at 10 cent $ 3.00 a day in power
at 11 cent $ 3.30 a day in power
at 12 cent $ 3.60 a day in power

So where is the hash?

Latest Block:   576596  (4 minutes ago)
Current Pace:   100.9926%  (21 / 20.79 expected, 0.21 ahead)
Current Difficulty:   6704632680587.417XXXXXXXXXXXXXXXXXXXXXXXXXXXX
Next Difficulty:   between 6710491914122 and 6999525466062
Next Difficulty Change:   between +0.0874% and +4.3983%

Previous Retarget:   Today at 4:24 AM
Next Retarget (earliest):   June 1, 2019 at 1:06 AM  (in 13d 17h 13m 54s)
Next Retarget (latest):   June 1, 2019 at 4:20 AM  (in 13d 20h 27m 57s)
Projected Epoch Length:   between 13d 20h 41m 51s and 13d 23h 55m 53s
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
2019-05-18 08:24:52.445+00 DIFF CHANGE: hi=576576 delta=0.04% new=6704632680587.4 prev=6702169884349.2

So that means that the 5.5% jump up at the end of the last diff was either:
1) 75% luck and 25% new miners
2) 75% of the new miners left BTC Tongue
(or a combo of the above)
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
I cashed out some coin to cover expenses Friday afternoon at what I thought was a local maximum of $6200. Kicking myself when it was around $7200 on Sunday. It's coin I took in at $5800 so I still came out ahead, but still. Opportunities lost and all that.

Bet my hosting customers are appreciating the current climate.

yes and tx fees are up so blocks are bigger.

viabtc.com is paying 104% or 13 coins a block pps+
legendary
Activity: 3374
Merit: 1859
Curmudgeonly hardware guy
I cashed out some coin to cover expenses Friday afternoon at what I thought was a local maximum of $6200. Kicking myself when it was around $7200 on Sunday. It's coin I took in at $5800 so I still came out ahead, but still. Opportunities lost and all that.

Bet my hosting customers are appreciating the current climate.
legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
Ja. Just glad I ordered an A10 from Blokforge for $1550 a few days ago when BTC was just over $7900 Cheesy
I feel sorry for folks who've done pre-orders for miners a few weeks ago when BTC was far lower...
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
I'm okay with that too. $7k coin is still better than I had come to expect, and coupling it with a flat diff is quite friendly.

Yeah  0 diff and 7k = $$ for me and buysolar
legendary
Activity: 3374
Merit: 1859
Curmudgeonly hardware guy
I'm okay with that too. $7k coin is still better than I had come to expect, and coupling it with a flat diff is quite friendly.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Yeah dropped down to 7000.

works for me.

Latest Block:   576456  (36 minutes ago)
Current Pace:   99.8868%  (1897 / 1899.15 expected, 2.15 behind)
Current Difficulty:   6702169884349.173XXXXXXXXXXXXXXXXXXXXXXXXXXXX
Next Difficulty:   between 6697384349622 and 6697401011894
Next Difficulty Change:   between -0.0714% and -0.0712%

Previous Retarget:   May 4, 2019 at 4:24 AM
Next Retarget (earliest):   Tomorrow at 4:47 AM  (in 0d 19h 51m 16s)
Next Retarget (latest):   Tomorrow at 4:47 AM  (in 0d 19h 51m 20s)
Projected Epoch Length:   between 14d 0h 22m 46s and 14d 0h 22m 51s

Still very flat.
legendary
Activity: 3374
Merit: 1859
Curmudgeonly hardware guy
Well that bubble petered out quickly. I bet the people who bought in at $8300 about 36 hours ago are pretty ticked off.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
yea I am sitting very well  about 600th active and 120 th coming in.

All paid for about july 1 2019.

so 720th = 360 th  with my power deal  so about 3200 a month  for back ½ of the year.

Latest Block:   576373  (4 minutes ago)
Current Pace:   99.4583%  (1814 / 1823.88 expected, 9.88 behind)
Current Difficulty:   6702169884349.173XXXXXXXXXXXXXXXXXXXXXXXXXXXX
Next Difficulty:   between 6668769221357 and 6669102900267
Next Difficulty Change:   between -0.4984% and -0.4934%

Previous Retarget:   May 4, 2019 at 4:24 AM
Next Retarget (earliest):   Saturday at 6:12 AM  (in 1d 9h 49m 54s)
Next Retarget (latest):   Saturday at 6:14 AM  (in 1d 9h 51m 0s)
Projected Epoch Length:   between 14d 1h 48m 42s and 14d 1h 49m 48s

This jump should stay -2 to +2.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Could be Bitmain's already been mining on a few thousand S17 and the slight negative is them turning them off and shipping them to buyers? People receiving new gear doesn't necessarily mean that gear isn't already accounted for on the network.

If we look at the hashrate growth  and evolution over the last year it is a possibility.



It kind of make sense, we can assume Bitmain lied when they said they have just launched the s15/s17 and they had those coming up and mining since June till December when they finally started shipping.

But, the hashrate drop is quite linked to the price drop and this sounds a bit more plausible and secondary if it took them 1 month to disconnect all miners and pack them, there is a period of 5 months in which those should have already been delivered...and it seems that at this point only 2/3 of them would have been delivered...if we exclude any old mining gear coming back online.

A possibility but it can't be the only culprit.

Anyhow, nice for phiilipma and the rest that bought gear a few months ago and bad for me cause I prefered a quiet house over buying when the price dropped like a stone. I would probably have already made roi or be a few weeks from it.
legendary
Activity: 3234
Merit: 1220
Could be Bitmain's already been mining on a few thousand S17 and the slight negative is them turning them off and shipping them to buyers? People receiving new gear doesn't necessarily mean that gear isn't already accounted for on the network.

I dunno, I think that bitmain hasn't been able to make as many of these as we think they have, or as we would normally expect them to.

Also with nearly all the other manufacturers they have had limited runs, and many of them are now only offering the new stuff for delivery in August.

Not sure if this is a foundary capacity issue or difficulty with binning or whats going on, but it sure is "interesting".
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Could be Bitmain's already been mining on a few thousand S17 and the slight negative is them turning them off and shipping them to buyers? People receiving new gear doesn't necessarily mean that gear isn't already accounted for on the network.

Maybe not sure.

todays numbers are still really good.

Latest Block:   576166  (7 minutes ago)
Current Pace:   98.7504%  (1607 / 1627.33 expected, 20.33 behind)
Current Difficulty:   6702169884349.173XXXXXXXXXXXXXXXXXXXXXXXXXXXX
Next Difficulty:   between 6621657621810 and 6624933242957
Next Difficulty Change:   between -1.2013% and -1.1524%

Previous Retarget:   May 4, 2019 at 4:24 AM
Next Retarget (earliest):   Saturday at 8:28 AM  (in 2d 20h 51m 15s)
Next Retarget (latest):   Saturday at 8:39 AM  (in 2d 21h 1m 45s)
Projected Epoch Length:   between 14d 4h 4m 35s and 14d 4h 15m 5s

only 409 blocks left so back to back 204 block days  would be hard to do.
legendary
Activity: 3374
Merit: 1859
Curmudgeonly hardware guy
Could be Bitmain's already been mining on a few thousand S17 and the slight negative is them turning them off and shipping them to buyers? People receiving new gear doesn't necessarily mean that gear isn't already accounted for on the network.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
At first, it made sense, there was no gear to buy, there wasn't a really big price hike, it takes time to buy deliver set up miners, but right now after 1 month, it's getting harder and harder to rely on those alone.

So, we simply don't have gear around, none of the bigger manufacturers have produced a quantity that would make its hashing power felt? Are the older pieces simply burning out? This one would be funny but at the same time, I doubt they were built to last a decade so a few here and there might actually go dead.

But in the end, we're still 10% only up while the price has gone almost double.

Even if we consider a lot of miners mining at a loss previously...still it doesn't add up. And the fact that we're 3 days away from a retarget and it's still in red adds a lot to the mess.

I'm early awaiting the middle of the next period if it's still ~1% up or down then the whole thing is beyond my understanding.
legendary
Activity: 1554
Merit: 2037
Looks like we are still sitting negative barely. What your saying makes sense, anyone who could manipulate it would likely do so. I guess I still just imagine that there are 1 000 000 + S9's floating around out there or other gear people felt stuck with through the crypto winter. That they would be rushing to throw online to start eking out some profits to try and turn around their experience. It's what I saw when I got involved mid 2017, gear going back to the S5 were selling for a couple hundred dollars. Maybe it is all out there and they have just given up and dumped them on the market. I know I've seen a lot of pallets of gear set for shipping or sitting in warehouses, perhaps it just couldn't mobilize yet.

I might also have also grossly overestimated how much new gear has actually shipped and sold. With a single machine now producing 50+ TH and all the older gear that makes a profit, I might just be early in the anticipation. I don't think anyone believes we can stay neutral/single digit jumps for ever, given the price. On top of that it just occurred to me, weren't we discussing some rainy season farms that are usually fired up by now? What can I say I'll take it all day long, especially while I'm still waiting to get more gear online.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
If this price holds we are in for a kick in the fact in 4 weeks time. There is a lot of gear idling along that should be ramping up in the coming week, not to mention everything that has shipped/will ship soon. I'm hoping my 70TH gets here soon so I can enjoy some more of the good times. With about 25% of the blocks left I'd be amazed if we didn't see at least an 8% jump this time around.

If not I'm baffled everything we expected to cause the jumps, have happened.

Well it could be a case of not enough power and or host sites for the gear that is shut down.

The live number is about -0.5%

We are 10 days in so a jump of 8% means we would need to do huge numbers.

Each day would need to be about 184 blocks vs 144 it can be done but if I were the guy that could do that I
Would wait and do it next jump.

The reason is I would get 14 more days with the lower diff rate.

Ie I would get 40 extra blocks for 14 days in a row
Vs 40 extra blocks for the next 3 days. Then only 27 blocks for 14 days due to be jumping the diff this jump by 8%

So 13 x 40 = 520

Vs 3 x 40 = 120 then 13 x 27 = 351 + 120 = 471

Kano is better with the math then me maybe he can see if I am correct . By the way to do these numbers a 100 megawatt farm with s17s is too small

To jump 40 extra blocks right now you need 13330000th or 13330ph or 13.33eh


That would be 250000 s17s. At 2.2 kwatts or 550000kwatts. Which is 550mega watts

I am not sure there is 550megawatts of hosting power available at this time.

I am also not sure there are 250000 s17s off line .

So I guess we wait and see.
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