Title: Hashrate is falling down Post by: amaclin1 on November 14, 2018, 08:50:44 PM 550084 0000000000000000001e20a14ca3e261abb57dc9c433bb108cbebeb38362b5a6 20:32:04 poolin.com 550085 000000000000000000174f65f0f7e261b79816b220d88f29c5d9f67ce2c804f9 21:30:19 slush 550086 00000000000000000009af5665f97e21c86028f8fad443ecc78792c88a4a496b 21:54:41 slush 550087 00000000000000000018e5b2cda475d948fc26015c0215ac5f95b62bd87c6348 22:19:31 BTC.COM 550088 0000000000000000000437547c2c5fd76b37436c5b5e28d174d2d5a3bbf10078 22:22:27 BTC.COM 550089 00000000000000000002ddeeaa53581b37dd4599651184aa4e8fa925ea520181 22:27:57 BTC.COM 550090 00000000000000000001e8a6e3c6acfbbecaa5a20c0b2807bc29aa4ffdd619cf 23:11:06 BTC.TOP Are we under attack-51? Does someone mine private chain for reorganizing? ;D Title: Re: Hashrate is falling down Post by: Zin-Zang on November 15, 2018, 03:38:50 AM Rumors are
Bitcoin mining is not profitable for many miners due to electricity prices of their region, so they are turning their rigs off. Many Miners are switching to Bcash in order to fight the coming battle from their Nov 15th Fork. Title: Re: Hashrate is falling down Post by: kompromiss on November 19, 2018, 10:03:13 AM the ethereum miners don't get income. need to come up with something new)
Title: Re: Hashrate is falling down Post by: PreethaLewis on November 19, 2018, 10:10:44 AM hash rate for BCHSV is higher than BCHABC
Title: Re: Hashrate is falling down Post by: Diced90 on November 19, 2018, 10:13:22 AM Rumors are Bitcoin mining is not profitable for many miners due to electricity prices of their region, so they are turning their rigs off. Many Miners are switching to Bcash in order to fight the coming battle from their Nov 15th Fork. I wonder if the mining inefficiency is what caused the price drop of Bitcoin today or whether there is another matter at play here, any thoughts? Title: Re: Hashrate is falling down Post by: mocacinno on November 19, 2018, 10:15:06 AM the ethereum miners don't get income. need to come up with something new) that's a completely different pow algorithm... In this discussion, it doesn't matter what ETH miners think or do, their gear can't influence BTC network's hashrate one way or another... That being said: I have only looked at the hashrate graph very briefly, but it seems the hashrate has dropped <20% recently. This drop wouldn't be sufficient for a 51% attack, unless the attacker already had loads of asic's that weren't hashing on the bitcoin network to begin with... I wonder if the mining inefficiency is what caused the price drop of Bitcoin today or whether there is another matter at play here, any thoughts? Maybe it's the other way around? Because of the price drop, mining became unprofitable for some of the mining farms, so they switched off their gear (or switched to an altcoin that has a better profit ratio) Title: Re: Hashrate is falling down Post by: amaclin1 on November 19, 2018, 02:42:21 PM 550713 0000000000000000001c8661918a05385dcd5cbd07ea26947b716e685f0e9bbf 15:38:14 BTC.TOP 550714 000000000000000000146b13196e32710a1c07a6293f4535e45596645f02d258 16:39:17 AntPool 550715 000000000000000000100a8208f1a5ab3a4afed7809c2a14a46df026150f5fc0 17:38:05 slush Blocks come 1 per hour ;D Title: Re: Hashrate is falling down Post by: RocketSingh on November 19, 2018, 02:47:55 PM 550713 0000000000000000001c8661918a05385dcd5cbd07ea26947b716e685f0e9bbf 15:38:14 BTC.TOP 550714 000000000000000000146b13196e32710a1c07a6293f4535e45596645f02d258 16:39:17 AntPool 550715 000000000000000000100a8208f1a5ab3a4afed7809c2a14a46df026150f5fc0 17:38:05 slush Blocks come 1 per hour ;D Code: 550715 Slush 8 minutes ago 963.4 kB Title: Re: Hashrate is falling down Post by: bellamente on November 19, 2018, 03:25:19 PM Bcash brought a lot of trouble to the whole market. This ABC and SV war will not lead to anything good.
I think the community should choose and support 1 Bcash coin Title: Re: Hashrate is falling down Post by: amaclin1 on November 24, 2018, 09:37:56 PM 1) Hashrate fallen down in BitcoinABC. https://cash.coin.dance/
2) There are no blocks by BTC(dot)COM for past several hours https://blockdozer.com/blocks 3) The Bitcoin (mainnet) price is falling down I am not 100% sure but it looks like attack-51 against the Bitcoin network Title: Re: Hashrate is falling down Post by: franky1 on November 25, 2018, 01:22:22 AM pools selling their old s9's ready to grab new T15's.
just wait for the rise and more importantly enjoy the discounted coins while they last. 2019 gonna be a bumper year Title: Re: Hashrate is falling down Post by: PsylockReborn on November 25, 2018, 03:30:59 AM 550084 0000000000000000001e20a14ca3e261abb57dc9c433bb108cbebeb38362b5a6 20:32:04 poolin.com 550085 000000000000000000174f65f0f7e261b79816b220d88f29c5d9f67ce2c804f9 21:30:19 slush 550086 00000000000000000009af5665f97e21c86028f8fad443ecc78792c88a4a496b 21:54:41 slush 550087 00000000000000000018e5b2cda475d948fc26015c0215ac5f95b62bd87c6348 22:19:31 BTC.COM 550088 0000000000000000000437547c2c5fd76b37436c5b5e28d174d2d5a3bbf10078 22:22:27 BTC.COM 550089 00000000000000000002ddeeaa53581b37dd4599651184aa4e8fa925ea520181 22:27:57 BTC.COM 550090 00000000000000000001e8a6e3c6acfbbecaa5a20c0b2807bc29aa4ffdd619cf 23:11:06 BTC.TOP Are we under attack-51? Does someone mine private chain for reorganizing? ;D I guess there's a halt for major mining pools. It's not profitable while bitcoin's value is experiencing bloodbath. We'll just keep calm and relax. This will surely pass and bitcoin will surely recover. pools selling their old s9's ready to grab new T15's. enjoy the discounted coins while they last. When people are panic selling, whales are busy taking advantage of the sale. We should grab this opportunity to accumulate more coins as possible for us to get so much profit by next year. Title: Re: Hashrate is falling down Post by: levvv on November 26, 2018, 02:31:01 AM 550084 0000000000000000001e20a14ca3e261abb57dc9c433bb108cbebeb38362b5a6 20:32:04 poolin.com 550085 000000000000000000174f65f0f7e261b79816b220d88f29c5d9f67ce2c804f9 21:30:19 slush 550086 00000000000000000009af5665f97e21c86028f8fad443ecc78792c88a4a496b 21:54:41 slush 550087 00000000000000000018e5b2cda475d948fc26015c0215ac5f95b62bd87c6348 22:19:31 BTC.COM 550088 0000000000000000000437547c2c5fd76b37436c5b5e28d174d2d5a3bbf10078 22:22:27 BTC.COM 550089 00000000000000000002ddeeaa53581b37dd4599651184aa4e8fa925ea520181 22:27:57 BTC.COM 550090 00000000000000000001e8a6e3c6acfbbecaa5a20c0b2807bc29aa4ffdd619cf 23:11:06 BTC.TOP Are we under attack-51? Does someone mine private chain for reorganizing? ;D I think this is a normal phenomenon. When the btc price decreased much, the miners won't get break even point profit so they stop mining for a while, and this will causing the hashrate to decrease. The electricity bill will bigger than the profit of mining if the price of btc continue to dropping. I believe the hash rate will be back to normal, if the price of btc rising again in the market. Title: Re: Hashrate is falling down Post by: strangeu on November 26, 2018, 02:45:42 AM The electricity bill will bigger than the profit of mining if the price of btc continue to dropping. Fortunately, if that's the case and people are switching off, the mining difficulty will drop too.Title: Re: Hashrate is falling down Post by: Ciscopro2000 on November 26, 2018, 03:33:16 AM I have turned my mining rig off. It’s a losing battle at the moment for miners.
Title: Re: Hashrate is falling down Post by: Herbert2020 on November 26, 2018, 06:16:24 AM I have turned my mining rig off. It’s a losing battle at the moment for miners. did you have multiple ASICs mining bitcoin? i am asking this because i am curious since the small time miners i know that have 1 ASIC for example at home mining bitcoin never turn it off because of a price drop. in fact they are happier because they now have a higher chance of making more bitcoin and they are not forced to sell to pay the bills like the bigger miners are. they can still pay their bill without selling bitcoin so it is a big profit for them. Title: Re: Hashrate is falling down Post by: mocacinno on November 26, 2018, 07:12:51 AM --snip-- did you have multiple ASICs mining bitcoin? i am asking this because i am curious since the small time miners i know that have 1 ASIC for example at home mining bitcoin never turn it off because of a price drop. in fact they are happier because they now have a higher chance of making more bitcoin and they are not forced to sell to pay the bills like the bigger miners are. they can still pay their bill without selling bitcoin so it is a big profit for them. I'm not sure if i agree with this statement... I'm living in a country where power costs $0.3/kwu. Let's do a hypothetical excercise: I have $70 in my pocket, and let's assume the diff and BTC price stays status quo over the next week Scenario 1: I run my antminer S9 for 1 week It draws 1375 Watt at the wall and hashes @ 14 Th/s mining for a full week will result in ~0.00375 BTC Since i pay about $0.3 for a Kwu, my power bill will be ~$70 Scenario 3: I buy $70 at an exchange Let's assume i buy in bulk, so the deposit fee, withdrawal fee and exchange fee are neglectible My $70 buys me 0.0174 BTC Conclusion If i invested my money into buying BTC directly, i'd have ~4.5 times more BTC than when i'd invested the same amount of money into mining. Offcourse, if i'd exchanged $70 for BTC from an exchange, i'd probably receive less BTC because they'd charge me all kinds of outrageous fees, but you can always buy from localbitcoins, OTC, or in bulk... Title: Re: Hashrate is falling down Post by: btyco on November 26, 2018, 07:48:47 AM It's a combination of miners fleeing because of the low prices and the sell off for new equipment. Hopefully they will all give up on bitcoin cash and let it burn to the ground
Title: Re: Hashrate is falling down Post by: Kakmakr on November 26, 2018, 07:52:58 AM This is how things are supposed to work. ::)
Miners globally, mine bitcoins at different electricity cost and each miner will have to downscale or switch off their mining rigs, once it becomes less profitable for them to continue mining. When miners exit the scene, the hash rate drop and the difficulty gets adjusted. The lowering of the difficulty will then encourage miners to enter the scene again, when it becomes more profitable for them to mine the coin. We also know that some Bitcoin <BTC> miners has been switched to mine Bitcoin Cash to achieve dominance in the Bitcoin Cash fork, so that also attributed to the decrease in the total hash rate. >:( Luckily for us the transaction volume also declined, so it's not a big issue now. ;D Title: Re: Hashrate is falling down Post by: r1s2g3 on November 26, 2018, 09:39:44 AM Even with falling hashrate, the current hashrate is comparable to the hashrate at July-2018/Aug 2018. If we did not experiencedany 51% attack till july 2018( when price is higher than current price) than we do not need to worry about current hashrate.
Title: Re: Hashrate is falling down Post by: sinkfish on November 26, 2018, 11:35:20 AM pools selling their old s9's ready to grab new T15's. just wait for the rise and more importantly enjoy the discounted coins while they last. 2019 gonna be a bumper year i was planning on buying in more this early month. the sudden price drop makes me cancel my plan. i guess it will go down even further. now im saving up more before buying in. next year gonna be good. Title: Re: Hashrate is falling down Post by: kotwica666 on November 26, 2018, 11:45:09 AM pools selling their old s9's ready to grab new T15's. just wait for the rise and more importantly enjoy the discounted coins while they last. 2019 gonna be a bumper year i was planning on buying in more this early month. the sudden price drop makes me cancel my plan. i guess it will go down even further. now im saving up more before buying in. next year gonna be good. Difficulty is going down, it is now easiest to mine something. Those who do not turn off mining rigs now, will definitely be very happy in the future. Next year, after the introduction of new ASICs, the difficulty will increase so much that you will not even recover the costs. It's best to buy now, lose a bit on energy, and when the bear market runs out you will get everything back ... multiple times. Title: Re: Hashrate is falling down Post by: Herbert2020 on November 27, 2018, 06:44:20 AM I'm living in a country where power costs $0.3/kwu. Conclusion If i invested my money into buying BTC directly, i'd have ~4.5 times more BTC than when i'd invested the same amount of money into mining. that's the problem, the place where you live and the cost of electricity. usually you don't go for mining unless the electricity cost is low so that you can make a good profit! 30 cents is huge. according to google the average cost for electricity in US is between 8 to 17 cents. where i live the cost starts from less than 1 cent and grows based on higher usage. i don't suppose it would cost more than 5 with mining. Title: Re: Hashrate is falling down Post by: Roidz92 on November 27, 2018, 07:32:05 AM This is just a war between some bitcoin cash idiots. Bitcoin price is going down, and many mining industries are not capable to pay costs, so all the little industries must close.. and there is less mining power.. This will not lasts much more, trust me ;)
Title: Re: Hashrate is falling down Post by: calandra78 on November 27, 2018, 09:58:00 AM Quote Are we under attack-51? Does someone mine private chain for reorganizing? Grin mining right now will got lost because price are very low than when you bought at market. are not profitabble when you mining 1 btc, you pay $7000 for mining production. |