With the halving now official, how much hash power are you turning off? - page 2.

alh

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Quote from: serje on July 10, 2016, 07:01:17 PM

I just saw someone selling a 230000 euro farm ....

that person is turning 100% off.

Actually, I don't interpret it this way. Unless the seller is in dire straights, they may well continue to operate until they find a buyer. If they find a buyer, then their hardware will likely be offline until they have shipped stuff and the new buyer receives it. Once the buyer receives it, then it will return to service. Nobody will buy it unless they intend to run it. Nobody will pay serious money to purchase Bitcoin mining hardware with the intent of scrapping it.

You mentioned Euro as the fiat currency. That suggests to me a European seller. They could easily be selling to somebody with a much lower electricity price. That wouldn't be unusual at all.

adaseb

legendary

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Those with S7 miners, why don't you just undervolt your S7 to 0.20W/GHS ?

serje

legendary

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I just saw someone selling a 230000 euro farm ....

that person is turning 100% off.

bones261

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Activity: 1806

Merit: 1828

Quote from: lucasjkr on July 10, 2016, 05:58:47 PM

Quote from: bones261 on July 10, 2016, 11:47:58 AM

Quote from: lucasjkr on July 10, 2016, 11:19:06 AM

Quote from: bones261 on July 09, 2016, 04:08:58 PM

It appears the hashrate has gone up since the halving. The mempool seems to be below 1M ATM too. Looks like all the Chinese mining farms brought more rigs online to compensate for the loss of income. Could just be luck, but I doubt it.

The pie shrank, but everyones share remains the same. Adding more miners to compensate for lost income across the board, that makes little sense...

It makes sense if you build your farms near a hydroelectric plant in the cool alpine regions of Tibet. The electricity is very cheap and the climate is cool. Also, the difficulty doesn't increase for a little over 1180 blocks at the moment. The block times since the halving are quite a bit shorter on average. Antpool definitely turned on some machines. They mined over 40 blocks in the past 24 hours and they usually only mine somewhere in the 20s.

So you're saying people had miners sitting idle when rewards were 25BTC per block but turned them on when they fell to 12.5BTC? Not at all logical.

Antpool/Bitmain appears to be the main culprit. Not only do they get cheap electricity, but they also have new ASICS to sell. What's a better way to convince people that they need to upgrade their equipment than with a temporary spike in the hashrate just after halving? Bitmain holds almost all of the cards right now. At least they are wiling to share, for a price, unlike Bitfury.

lucasjkr

hero member

Activity: 644

Merit: 500

Quote from: bones261 on July 10, 2016, 11:47:58 AM

Quote from: lucasjkr on July 10, 2016, 11:19:06 AM

Quote from: bones261 on July 09, 2016, 04:08:58 PM

It appears the hashrate has gone up since the halving. The mempool seems to be below 1M ATM too. Looks like all the Chinese mining farms brought more rigs online to compensate for the loss of income. Could just be luck, but I doubt it.

The pie shrank, but everyones share remains the same. Adding more miners to compensate for lost income across the board, that makes little sense...

It makes sense if you build your farms near a hydroelectric plant in the cool alpine regions of Tibet. The electricity is very cheap and the climate is cool. Also, the difficulty doesn't increase for a little over 1180 blocks at the moment. The block times since the halving are quite a bit shorter on average. Antpool definitely turned on some machines. They mined over 40 blocks in the past 24 hours and they usually only mine somewhere in the 20s.

So you're saying people had miners sitting idle when rewards were 25BTC per block but turned them on when they fell to 12.5BTC? Not at all logical.

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

The rise in hashrate is an anomaly we saw around the last halving as well. Everyone turned everything on to try and get some of the last 50 btc blocks at the time and it took a month for the hashrate to settle down to its new level which ended up lower than the baseline before it. No doubt something similar is happening this time. The only variable that changes that equation is that S9s are now moving into circulation which bring a new rise in overall hashrate.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: lucasjkr on July 10, 2016, 11:19:06 AM

Quote from: bones261 on July 09, 2016, 04:08:58 PM

It appears the hashrate has gone up since the halving. The mempool seems to be below 1M ATM too. Looks like all the Chinese mining farms brought more rigs online to compensate for the loss of income. Could just be luck, but I doubt it.

The pie shrank, but everyones share remains the same. Adding more miners to compensate for lost income across the board, that makes little sense...

It makes sense if you build your farms near a hydroelectric plant in the cool alpine regions of Tibet. The electricity is very cheap and the climate is cool. Also, the difficulty doesn't increase for a little over 1180 blocks at the moment. The block times since the halving are quite a bit shorter on average. Antpool definitely turned on some machines. They mined over 40 blocks in the past 24 hours and they usually only mine somewhere in the 20s.

Rapidgator

sr. member

Activity: 509

Merit: 250

If any of you turning off mining and want to sell S7 please let me know here or via PM with details and "PRICE"

Thanks

lucasjkr

hero member

Activity: 644

Merit: 500

Quote from: bones261 on July 09, 2016, 04:08:58 PM

It appears the hashrate has gone up since the halving. The mempool seems to be below 1M ATM too. Looks like all the Chinese mining farms brought more rigs online to compensate for the loss of income. Could just be luck, but I doubt it.

The pie shrank, but everyones share remains the same. Adding more miners to compensate for lost income across the board, that makes little sense...

aarons6

legendary

Activity: 1736

Merit: 1006

i took my miners off bitcoin awhile ago and pointed them on alt coin pools..

check out digibyte, neos and digitalcoin. so far they havent really been affected by the halving.

krisgt30

sr. member

Activity: 461

Merit: 306

turning off my last 4 s7s tomorrow and putting them up on Craigslist/eBay in hopes of getting something back

notlist3d

legendary

Activity: 1456

Merit: 1000

I have been slowly getting rid of previous generation gear for a while at this point. Kept 1 S7 that I ran until today, which is now turned off. It will be for sell shortly. Now I really can only run S9's to remain profitable due to electricity cost. With near 10 cent electricity I just knew this was coming.... so started selling a while ago.

I also have Ether mining I have been messing with. So kinda been playing with that as I took S7's and A6's offline. Now I need to take some pictures of that last S7 and see what offers I get.

AceOfPentacles

full member

Activity: 123

Merit: 100

What's price range needed to stay profitable?

philipma1957

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'The right to privacy matters'

Quote from: Tupsu on July 09, 2016, 05:38:03 PM

Quote from: lucasjkr on July 09, 2016, 03:59:02 PM

Quote from: Tupsu on July 09, 2016, 03:11:22 PM

Last 6 x Antminer S7

Given the current difficulty and block reward, what price would electricity need to be to make these profitable to run? Never mind external costs like rent/rack space, A/C, etc?

S7 is still profitable for me. But 80% of their earnings goes to electricity.

1THs = 0.001178345 BTC
200Ths = 0.235669 BTC with PPS payment -2.5% 0.229777 BTC

I turned off today my last 6x S7 miners. The only way is currently mining with S9, if you must pay for electricity.

But to get with 200THs S9 miners 0.23 BTC day, I spend over 500 kWh in 24 hours, my profit from BTC mining with only S9 miners is less than 100 euro in day.
I got more with TITAN-s.

I have 5 s-9's and my eth coin rigs are better for earning.

My thoughts are very simple hashrate will not drop much unless price tanks.

There is simply too much s-9 power waiting off line.

Tupsu

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Activity: 1218

Merit: 1003

Quote from: lucasjkr on July 09, 2016, 03:59:02 PM

Quote from: Tupsu on July 09, 2016, 03:11:22 PM

Last 6 x Antminer S7

Given the current difficulty and block reward, what price would electricity need to be to make these profitable to run? Never mind external costs like rent/rack space, A/C, etc?

S7 is still profitable for me. But 80% of their earnings goes to electricity.

1THs = 0.001178345 BTC
200Ths = 0.235669 BTC with PPS payment -2.5% 0.229777 BTC

I turned off today my last 6x S7 miners. The only way is currently mining with S9, if you must pay for electricity.

But to get with 200THs S9 miners 0.23 BTC day, I spend over 500 kWh in 24 hours, my profit from BTC mining with only S9 miners is less than 100 euro in day.
I got more with TITAN-s.

bones261

legendary

Activity: 1806

Merit: 1828

It appears the hashrate has gone up since the halving. The mempool seems to be below 1M ATM too. Looks like all the Chinese mining farms brought more rigs online to compensate for the loss of income. Could just be luck, but I doubt it.

lucasjkr

hero member

Activity: 644

Merit: 500

Quote from: Tupsu on July 09, 2016, 03:11:22 PM

Last 6 x Antminer S7

Given the current difficulty and block reward, what price would electricity need to be to make these profitable to run? Never mind external costs like rent/rack space, A/C, etc?

lucasjkr

hero member

Activity: 644

Merit: 500

Quote from: talks_cheep on July 09, 2016, 03:08:56 PM

Quote from: lucasjkr on July 09, 2016, 02:35:11 PM

I'm very curious about this.

I'm turning off all my miners. Not. I just trolled you. Lo!. I'm actually doubling down, increased my hash rate 2x. When it gets tough, the tough get going, never mind the electrical cost.

Talk is cheap, you're right! ;-)

Tupsu

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Activity: 1218

Merit: 1003

Last 6 x Antminer S7

talks_cheep

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Activity: 1036

Merit: 1000

Quote from: lucasjkr on July 09, 2016, 02:35:11 PM

I'm very curious about this.

I'm turning off all my miners. Not. I just trolled you. Lo!. I'm actually doubling down, increased my hash rate 2x. When it gets tough, the tough get going, never mind the electrical cost.

Topic: With the halving now official, how much hash power are you turning off? - page 2. (Read 3632 times)