Yeah. I mine

BTC
ETH
LTC/DOGE
BCH
OCTOPUS
KAPOW

everything is designed on getting more BTC

So gpus on ebay in usa at stupidly high 2x prices  are a bargain compared to s19pros.

so buy a gpu at 2x msrp mine eth convert to cash and btc  is simply far better to do

than buying the s19pro on ebay or at blokforge.  blokforge had some s19pros at 16500. add tax and shipping  I got to just under 18000 for 1 s19pro

it makes 38 cents a th or 110 x 38 = $41.80 it burns 80 kwatts or 4 dollars that is 38 a day or 474 days to break even.  It is pretty loud it is hot. it needs a custom psu.

Which at the cost it is you should order the psu for it  just in case . say 500 more

I went to uk ebay and I see nvidia 3070 gpus for about. £1300 so 10 = £13000 = 17900 usd. tack on 500 for 2 mobos plus etc

and 18500 for the gpus vs 18000 for the s19pro

you get 600 mh or 600 x 19 cent that is 60 usd a day in eth auto vert to btc
power is under 50 kwatts or under 3 a day at 5 cent power
60 usd - 3 = 57 a day

18500/57 = 324 days to break even for 2 five card rigs

18500/38 = 474 days to break even for 1 s19pro and a spare psu


lets see with gpus you may or may not have the warranty since you got them on ebay
the gpus have resale value

the asic you have the crappy warranty service for 6 months.

but roi is 324 days vs 474 days.

this is directly affecting btc hashrate. as resources are diverting to  gpus

https://etherscan.io/chart/hashrate. from 269 nov 17 2020 to 539 apr 13 2021 about 100%

https://www.blockchain.com/charts/hash-rate.   from 126 nov 17  2020 to  169 apr 13 2021  about 34%




remember the chip shortage will force choices on how to expand

I am going to check out merge mining of LTC/DOGE

and see if the hash rate has grown like ETH or like BTC



LTC was 171 on nov 17 2020
LTC is now 288 on apr 14 2021 or about 68% up
Doge was 191 on Nov 17 2020
Doge is now 285 on Apr 15 2021 or up about 49%



So BTC diff nov 2020 to April 2021 + 33%
Doge diff nov 2020 to April 2021 + 49%
LTC diff nov 2020 to April 2021 + 68%
ETH diff nov 2020 to April 2021 +100%

So it looks like a lot of people are doing what I do.

Mining the coins that  gets the most $ per watt

Then convert it to some fiat for bills and some BTC

Now when you look at merge mined LTC/Doge more diff increases than BTC. less than ETH

and the reason is LTC/Doge makes more per watt than an s19pro
but less per watt than gpu rigs.

you can get 2 l3+ for about 1000 usd
so you can get 36 for about 18000 usd

that would be 18gh
it would burn  648 kwatts

earn 112 usd in ltc
earn 96 usd in doge
208 -33 = 175 a day

18,000/175 = 102 days.  this looks best. but that is because doge has jumped to 12-13 cents.

I suspect more growth here except chip short age will slow it.

So when you look at it all.

any of the three are good to mine

but

ETH and or LTC/Doge are clearly more bang for the buck than BTC asics.

It should be interesting to watch this over the next 2-4 months.

People are moving gear to BCH. It is up 29%

https://www.viabtc.com/.   check the numbers




say you own a s19pro 110th

so 110th x 0.3713 = 40.843 usd worth of btc

or 110th x 0.4564 = 50.204 usd worth of bch


mine direct to coinbase convert to btc  and you gain 25% rather than mining btc direct.


This is one of the reasons thinking btc only is fine for stacking a coin.  but

what you mine to get that btc needs to be flexible.  and

40 usd a day vs 50 usd a day is a big difference for 1 machine.

This would be quite amazing to get a 20% drop and have BTC go to 75K

We can dream.

But I do see

BTC at 37.8 cents a th

BCH at 47.68 cents a th

26.5% better to mine BCH at the Moment.

unfortunately it is directly affecting BTC difficulty.

those numbers are all viabtc payout numbers.

If bitmain only built BTC gear.

I can see your point but they don't.

If bitmain only had BTC cloud I could see you point but they don't

If all other coins did not exist and could not be traded on the same exchanges as BTC I could see your point.

If you truly believe that $$$ per watt is meaningless to BTC difficulty I would agree with you.

But I will give it a rest.

Here is the chart I get for payouts for coins from via btc


at this moment in time eth mining  is the best way to covert power into cash and or btc

with LTC/Doge the second best

Well if power available is being dropped to Chinese Miners.

And they have multiple kinds of gear. But 20 percent less power what do they turn off?


A s19pro burning 3300 watts to make 40 usd

or

a  shit coin asic machine  burning 3300 watts to earn 270 usd.

Both units earn money.

but one earns 6.5 x the  money for the same power.

These are real examples of real gear that does exist .

China is short power.

Btc gear is being shut down.

I as a USA miner may soon see a 23% boost in my btc earnings.

sure if we were at 0% diff or flat  we would be at 366 or 367 blocks

since we are -23% we are at 282 blocks about 84 or 85 blocks short.

since bitmain has the largest cloud ops in the world and they now have restricted power availability they have to choose the most profitable miner at watts .

the most profitable gear is not any sha256 know to exist.

so while the s19pro makes money it makes 33 to 35 usd for 3300 watts

there are pieces of gear that make 250 usd for 3300 watts.

if you are bitmain and you are a business you pick the gear that makes the most usd per watt.

so i care fully edited this to not say what gear makes 250 usd for 3300 watts.

but this is why btc diff dropped a lot.

1) a shortage of power in china due to coal
2) bitmain the worlds largest builder of asics choosing to use the gear that earns the most usd per watt
3) bitmain has made three huge cloud mining deals this year.

I get why some want the mining section to be for btc. Not alt coins.

But btc is not in a vacuum  so I am trying to create  a way to incorporate  satoshi's  idea of turning power  into why there are multiple

competing coins. All these coins compete the worlds available power.

The genii is out of the bottle. I am going to open a diff thread in alt coins rather then buck the system here.




link

https://bitcointalk.org/index.php?topic=5331454.msg56812967#msg56812967

This current pace number and the difficulty's still going down to the point where even this snapshot is not accurate anymore, so I can only assume farms are still shutting down their BTC gear (the altcoins dump of late did not help either).

Can someone kindly explain to me what these bold numbers are referring to?

You are a stubborn fuck, for sure.

 

Great video Vosk, good to see different aspects of mining covered. 

That said, this seems like a giant racket.  Approved vendors only, selling what is essentially raspberry pi compute module carriers for $400+, and of course they are all pre-orders.  As far as the idea goes, it seems like they have it backwards;  More rewards for areas with a lot of hotspots, less for places that don't have any....

The reason of the dip https://www.theblockcrypto.com/linked/102007/bitcoin-plunge-7-billion-liquidation?utm_source=cryptopanic&utm_medium=rss

Did anyone bought the dip?

I agree with everything you said and I'll take your word about the NEC code.
I didn't look anything up but I was concerned about the suggestion that if 10 gauge wiring was installed
a conversion to 220V would be trivial. My point was more about the actual wiring than the code.
But it's moot now if, as you say, 12 gauge can handle a 220V circuit.

https://diff.cryptothis.com/
Latest Block:   679614  (13 minutes ago)

Current Pace:   71.6351%  (223 / 311.30 expected, 88.3 behind)
Previous Difficulty:   23137439666472.05                            
Current Difficulty:   23581981443663.85                            
Next Difficulty:   between 16902293290020 and 21782860938634

Next Difficulty Change:   between -28.3254% and -7.6292%

Previous Retarget:   last Thursday at 3:40 PM  (+1.9213%)
Next Retarget (earliest):   April 30, 2021 at 7:28 PM  (in 12d 23h 55m 19s)
Next Retarget (latest):   May 5, 2021 at 4:42 AM  (in 17d 9h 9m 38s)
Projected Epoch Length:   between 15d 3h 48m 19s and 19d 13h 2m 38s

Thank you philipma1957 for your answer, really helpful! Let me answer your questions:

Question 1) So first question I have to attempt to fix the fuck up is to ask where is the  200 amp box?


The 200 amp box is installed in the washing room in my basement next to the garage where I set up my racks for mining.

Question 2) second question I have to attempt to fix the fuck up is do you have 4 separate circuits each one for 20 amps.

Yes my electrician installed on my panel 4 separate circuits each one for 20 amps.

Question 3) third question I have to attempt the fuck up if there are 4 circuits going to 4 outlets how many rigs do you have.

Yes so my thought processes is that for each circuit of 120 V and 20 A, the maximum wattage I can safely pull is 1920 watts (after applying 80% rule) or 16 Amp and I presently have 2 mining rigs pulling 1260 Watts (I see it thanks to the PDU with the meter integrated). I am planning to add a third mining rigs (6 GPUs GTX 1660 Super) which will be pretty close to 1920 Watts then I repeat that for each circuit/outlet.

Question 4) fourth question is since he switched out a 150 amp box for a 200 amp box do you have empty slots in the new box.

Yes in my new electrical panel I now have 13 empty/available slots for new breakers.

5) fifth question is how many rigs using how much power do you have right now.

Now I have 2 mining rigs using in average 600 Watts each and soon I will have 2 more mining rigs same type (6 GPUs, total: 600 Watts each rig).

I really explained to the electrician that I wanted to mine cryptocurrency and that I would like to have 10 kW in my garage available for that and this is what he sold me. Yea I am a newbie  

Thanks for your answer.
 

What's brevity?

The way I see it is that in the last month the bears first failed to break the 52K support. Then the support shifted to 56K and they failed again. Now it is around 60-61K and they still can't break it even though they've been trying hard in the last couple of hours. Again, they see the weekend low volume and think this is their chance. But in general a move in either direction with such a small volume will be neutralized in a matter of minutes, when the volume returns in the next days. There is no significant inflow into the exchanges and the reserve will decrease at least until prices above 120K. The hodlers are not willing to sell anything in this dead zone. Honey badger doesn't give a f**k about weak hand low volume sells. As always hodlers buy moar. So do I 0.65BTC  ding-ding!

No idea where he's getting it from, but I wish all this shitcoin crap would go back to the parts of the forum where it belongs.

The antminer L3+ is very good gear.
I made a shit ton of money on them.
I purchased most of them under 200 bucks back in 2018.

They earn me more money than any gear.

But part of the reason was we decided to hodl the doge and convert some of the Ltc mined into doge.
We made a ton of money 💵 and the gear ⚙️ has worked well.