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yeah cash 💰 is growing like mad.
while btc does not really grow.
it is always 21 million coins.
in two states mined and not mined well maybe three.
lost , mined and not mined.
we should see a price boost as I see the world 🌎 printing 10 to 12 trillion dollars worth of various cash.
euros, dollars, pounds, rubles, yen etc.
what is name for chinese money 💰 spaced it out.
12 trillion new money is close to 100x btc value.
this is the single biggest reason for btc to go up.
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if coins go to 25k or higher i would say that the covid-19 epidemic was the fundamental driver.
USA alone has printed 5-6 trillion since the epidemic happened.
My opinion is mining and the ½ ing are having less and less influence over BTC price and this trend will continue for the next 8 years. and or 2 1/ings
3.125 and 1.5625
I think coins may go up a lot since the entire world is printing money left and right to make up for the shut downs.
6 trill by USA alone is 30x the no 33x the value of BTC
by the end of 2020 10 trillion or more will be printed by use to pump the economy due to the shutdown. that would be 60x the value of BTC
oh diff is dropping more about -4.6%
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We are doing 30 ph maybe we hit one today.
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65716 CoinEraser Active 2693 1610 Y* 821 Hero Member Hero Member =+1 / =0 / -0 https://bitcointalk.org/index.php?action=profile;u=65716gave 3 merits
I skipped cryptobaboon. My Portuguese is worse then my German I skipped Souri my German is not good enough
2514450 rxalts Active 426 182 N 220 Full Member New Era Newbie =+18 / =0 / -0 https://bitcointalk.org/index.php?action=profile;u=2514450I gave him 9
2290678 favebook Active 316 316 Y 202 Full Member New Era Newbie =+2 / =1 / -0 https://bitcointalk.org/index.php?action=profile;u=2290678I gave him 8
2739424 NotATether Active 315 154 N 201 Full Member New Era Newbie =+0 / =0 / -0 https://bitcointalk.org/index.php?action=profile;u=2739424he is closer I gave him 8
1627698 419mining Active 181 181 Y 80 Member New Era Newbie =+0 / =0 / -0 https://bitcointalk.org/index.php?action=profile;u=1627698he is closer I gave 8
these are all done
1872498 jimjam123 Active 301 301 Y 9 Jr. Member New Era Newbie =+2 / =0 / -0 https://bitcointalk.org/index.php?action=profile;u=1872498
1047931 Robofus Active 66 66 Y 8 Jr. Member New Era Newbie =+0 / =0 / -0 https://bitcointalk.org/index.php?action=profile;u=1047931
2546253 BTMBitcoinVN Active 64 64 Y 8 Jr. Member New Era Newbie =+0 / =0 / -0 https://bitcointalk.org/index.php?action=profile;u=2546253
1380401 medelek Active 101 101 Y 8 Jr. Member New Era Newbie =+0 / =0 / -0 https://bitcointalk.org/index.php?action=profile;u=1380401
2101150 mark421421 Active 44 44 N 8 Jr. Member New Era Newbie =+0 / =0 / -0 https://bitcointalk.org/index.php?action=profile;u=2101150
2123378 blackjack.fun Active 166 166 Y 8 Jr. Member New Era Newbie =+0 / =1 / -0 https://bitcointalk.org/index.php?action=profile;u=2123378
552782 dnlwild Active 31 31 N 8 Jr. Member New Era Newbie =+0 / =0 / -0 https://bitcointalk.org/index.php?action=profile;u=552782 |
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Diff is sinking at a solid rate since 1/2 ing we were up 53 blocks. were are down 69 blocks. so a loss of 122 blocks. since block 1008 1721-1008 = 713. should be 835 713/835-1 = -14.6% drop off since the 1/2 ing price is at 9750. has been at 8150 may 11------- 1/2 ing day 9943 may 14 9750 may 17 Latest Block: 630712 (23 minutes ago)
Current Pace: 96.1610% (1721 / 1789.71 expected, 68.71 behind)
Current Difficulty: 16104807485529.38XXXXXXXXXXXXXXXXXXXXXXXXXXXX
Next Difficulty: between 15489061678584 and 15501752499055
Next Difficulty Change: between -3.8234% and -3.7446%
Previous Retarget: May 5, 2020 at 12:02 AM
Next Retarget (earliest): Tuesday at 1:10 PM (in 2d 2h 50m 32s)
Next Retarget (latest): Tuesday at 1:27 PM (in 2d 3h 7m 46s)
Projected Epoch Length: between 14d 13h 7m 35s and 14d 13h 24m 49s
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Now to ensure that we always have enough funds for the server and POTENTIAL insurance, those who use the pool for group rentals such as but not limited to willi9974 and ailikun could start a "trend" of say 1% of whatever they collect for each round goes to the pool wallet.
My 2 sats
Sorry guys, my family was hit by this corona-covid shit, so I've been away for a few days. Glad to see, that everything is going well, and we now have a new server. We will definitely try to donate a fraction, from our solo rounds. And if we find a block too. Such a great community we have in this topic. Yeah counting my wife 6 cousins have had it. We are blessed that we all recovered. This would be the address to give to https://btc1.trezor.io/address/1F8JWHPVt2FzxeAyPDUP4hmeRPweJZEFYjevery little bit helps. I hope you and your family get better from the covid-19 |
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this one is pwm four pin that is a must Current: 3A
Power: 36W
Line 4 pwm Intelligent Speed --------- good
Speed:4000 ± 10% RPM -------------- too slow
Wind: 190.30CFM --------------------- should be over 200 not under.
Noise: 59 d-BA
Working life: 80,000 hours
but it is 4000 rpm which will very likely be too slow the other one you picked seems to be 3 pin this one is more likely to be what you need MODEL:PFC1212DE
Refurbished--But the performance is high quality
Best Fan for GPU miner
Brand:for delta
Size: 120x120x38MM
Voltage: DC12V
Current: nominal 4.8A (12V current rating 2.98A, for delta fan deficiency is serious, understand stock friends all know, 12038 fan could reach such a high current is this, there is no other comparable to that of his. )
Air volume: 252.85CFM (7.16m3/min)
Air pressure: 1.412 in H2O (351.7 Pa)
Weight: 0.351kg
Noise: 66.5 dB (a)
Power: 57.6W
Speed control: support motherboard PWM speed control
Rpm: 12V under 6500 RPM
Fan frame: injection molding, glass fiber +VO PBT+30% grade flame retardant;
Blades: injection molding, glass fiber +VO PBT+30% grade flame retardant;
Fan rotation direction: from the fan blade direction to counterclockwise;
Operating temperature:-10 c to + 70 degrees Celsius;
Storage temperature:-40 degrees c to + 70 degrees Celsius;
Bearings: high-precision ball bearings;
Power range: rated power supply plus or minus 15%;
Insulation resistance: more than 500 mohm;
Withstanding voltage: foreign exchange leakage current 0.5mA 500V/1 minutes;
Operating life time: when the ambient temperature is 25 degree 80,000 hours.
Motherboard PWM speed control cases, adjustment to the 10% following the speed of 1050 rpm, 10%~100% adjust the fan on a level increase of 405 per turn, due to the boards current limiting, so not up to 5500 RPM.
this one is pwm ------ check this moves 252 cfm ---- check this one goes to about 5500 rpm --- check these are 4 pin --- check order 2 not one extra is better if you have a few of the miners. keep the old fan as you may need to move wire order. when you get the new fans. post a photo of the four pin plug on the old fan and the new fan. red black blue yellow wires need to match the same order on both fans. if they do not I will teach you how to switch the wires without cutting them. |
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if you consider posting to uk please, I am interested in 2 low power (400w) low noise units.
I have 3 built I have enough fans on hand to do 6. these can be set from 4th to 6th and do about 340 watts at 4th = 85 watts a th to about 520 watts at 6th = 86 watts a th. I will have the six built by Monday. I would ship to you ,but shipping is high, maybe 110 usd. 2 units would be about 140 plus 110 = 250 usd. You will need your own psu's as shipping makes it not practical. Once I have the six all setup I will demo them on you tube. |
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The problem with your argument is that the obvious fact of why we would have a multi year bull market actually has nothing to do with the halving, it is merely "market cycles", let's assume there is no halvings in bitcoin, and we started the first block with 6.25 bitcoin rewards, or even minded the 21m coins in one block, will that change the fact that bitcoin will have a multi year bull rally??
yeah 21 m in 1 block would have been not effective. 6.25 with no ½ ing may have been better then 50 25 12.5 6.25 ---------------------this may decouple mining from any effect on price of coin. 3.125 ------------------- maybe this will
1.56125 ---------------- certainly this will
0.780625 --------------- this is 2032 datethis idea would mean coins last for quite the while. 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 ---------- this would be the end of the 50 coin block it would have been 28 years to reach about 2037 only 10.5 mill mined 6.25 would go for 28 more years. or 2065. There will simply no be enough tx fees somewhere from 2024 to 2032 for a major change in the industry. Bitmain sees this issue and seeks to pillage coins as best they can. |
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fees are not going up as much as reward is dropping.
this discourages mining growth.
that discourages mining sales.
so the mining/asic building sector becomes more detached from price influence .
the trading and exchange fully drive price (not yet but they will)
think what you can do with 100 to one leverage trades based on fake tokens.
twice as much influence as you could before the ½ ing since 1800 coins entered.
here is another way to look at it we have 120eh well more or less.
pretend it is 100eh online make it all s17 pros 50th at 1200 bucks.
20 units = 1 ph worth 24,000
200 units = 10 ph worth 240,000
2,000 units = 100 ph worth 2,400,000
20,000 units = 1 eh worth 24,000,000
200,000 units = 10 eh worth 240,000,000
2,000,000 units = 100 eh worth 2,400,000,000 so this is earning 900 coins day 8,550,000 usd x 365 = 3,120,750,000 a year minus power
it will burn about 38,690,000,000 kwatts that is 1,160,700,000 power cost if the gear is at 3 cents.
I am being really generous saying we have 100eh active gear all at 3 cent power cost.
which nets to 3.12 billion - 1.16 billion or just under 2 billion in profit for owning 2.4 billion in miners not counting help not counting infrastructure.
what we have is a disincentive for mining to happen and one of the weakest times ever for mining.
But my thoughts could be wrong. Nothing like a bull run to 15k would not fix.
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63 - philipma1957
thank you 🙏
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when we were at 50 coins the average tx fee per block was about 0.05 coins. that is 1000 to 1 reward to fees. we are at 6.25 coins a block. the average tx fee per block is 0.9 reward to fees that is 6.94 reward to fees ratio. this is going to break down the mining cost per coin and separate it from the actual value of a coin. much like a diamond in the rough is very cheap compared to a diamond on the finger. yesterday. we mined say 900 coins add that to the 18,000,000 coins value is 900 x 9500 = 8,550,000 value is 18,000,000 x 9500 = 171,000,000,000 how much was traded yesterday https://coinmarketcap.com/coin value $174,071,693,762 market volume $41,308,200,575 that is about 22% or 41,308,200,575 / 8,550,000 =. 4831 to 1. trade volume to mined volume this is going to change for the worse with every 1/2 ing. |
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another reason is there will be 10 of thousands of s9's on the cheap. I have developed quiet cheap modded 2 board s9's that can mine here. use 400 watts and do 4.7th quietly So having a space heater first mining here its a dirt cheap way of a chance at big money. Space heater down clocked s9's can be made for 100 or less they will last for years. My two board pulls 377 watts. I owned the s9 already the modes were about 13 dollars. so 13 dollars and .03 btc is about 300 dollars. {I donated 0.03 btc} 1 year of 400 watt mining is about 10 x 365 =3650 kwatts at 15 cents = 550 a year. 550+300 = 850 for a 1 year shot at 6.25 btc the miner is quiet. it will help add warmth in the winter. http://35.226.27.67:3000/d/JmhHccgGz/ck-pool-user-dashboard?orgId=1&refresh=1m&var-user=146UJM5kgzLVUV23CXCf33KQKHckoX1gx3I am running the quiet s9 over night. |
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Thanks for the update. Like ok sitting in the same room with your quiet?
Man right now I am running two 2 board units. 892 watts. and 10.3 th. that is with volts at 8 and freq at 380 0 hardware errors. fans are at 2100 rpm + 2100 rpm on the loud one  the other one fans are at 1260 rpm and 1800 rpm. really quiet. Now to be fair the psi is a corsair 1500 watt titanium so that 892 watt reading may be 910 on a aw3++ I realized if I do them with 2 active boards and the low noise fans. I can include the old loud fans in case of a price spike these can become a louder more powerful miner. so they range from a low of 450 watts and 5.15 th to 800 watts and 9 th you must swap fans to go fast. This is a nice project. So far so good. Had to use braiins + could not get bitmain firmware to play nice. Did FIRST VIDEO youtube it is flooded with users so it will take 1 hour to up load it. Video link https://youtu.be/U-tLR6sEVQsLooking forward to the video. So to confirm, these units have a low power and high power mode but to achieve proper cooling in high power mode the fans have to be swapped out? I personally would want the lower power and hash rate for less sound. But good to have the option to make this more of a work horse. video is up. you can control volts and freq for both board. 8 volts and freq 380 is nice 8 volts and freq 410 is nice may be the highest you can do the freq at the 8 volt setting. volts can be as low as 8.0 all the way to 9.40 by 0.1 ie 8.0 8.1 8.2 8.3 8.4 I would switch the fans with volts from 8.5 to 9.4 8.5 8.6 8.7 8.8 8.9 9.0 9.1 9.2 9.3 9.4 freq goes from 200 to 900 anything above 500 will need a better fan. I will play with these over weekend and have some ready by Monday. I am now testing volts at 8 and freq at 330 I get 410 watts and 4.7 th about 87 watts a th. Working low end settings. 8 volts freq of 320 2 boards gives me 4.5 th at 390 watts that is 86 watts a th. fans set flat to 55% 1620 rpm temps are board chip 67.75 75.83 68.50 75.63 these are really good numbers. db in video was 57 now 52. |
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Interesting take. I'd like to know what you think is different now vs. the last 12 years of btc. Because if nothings different, halving will have a compounding effect on supply to buy over time and assuming demand remains constant, we will see another multi year bull market.
tx fees will stop being able to scale as well . 50 coins and 0.05 fees or less 25 coins and 0.075 coins or less 12.5 coins and 0.3 coins or less 6.25 coins and 0.9 coins or less 3.125 coins and 1.5 coins = i don't think so. 1.5625 coins and 2.5 coins not happening. but I am pretty much a stupid moron according to some so what do I know. |
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Thanks for the update. Like ok sitting in the same room with your quiet?
Man right now I am running two 2 board units. 892 watts. and 10.3 th. that is with volts at 8 and freq at 380 0 hardware errors. fans are at 2100 rpm + 2100 rpm on the loud one the other one fans are at 1260 rpm and 1800 rpm. really quiet. Now to be fair the psi is a corsair 1500 watt titanium so that 892 watt reading may be 910 on a aw3++ I realized if I do them with 2 active boards and the low noise fans. I can include the old loud fans in case of a price spike these can become a louder more powerful miner. so they range from a low of 450 watts and 5.15 th to 800 watts and 9 th you must swap fans to go fast. This is a nice project. So far so good. Had to use braiins + could not get bitmain firmware to play nice. Did FIRST VIDEO youtube it is flooded with users so it will take 1 hour to up load it. Video link https://youtu.be/U-tLR6sEVQs |
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sigh nevermind - I dont think anyone can understand my question. I will state it one more time (already have at least half a dozen times) I do not have any issue with people donating to a pool. I am simply asking why would they? Is there an incentive for them? do they get a lower fee? do they get part of the pool profits? I am not being hateful or spiteful - but quite a few here are - telling me to shut up, calling me a troll etc etc. again - was curious if there was some benefit to contributing or what not. Relax folks and mine on! also @phil easy brother! Again I have no issues - as for the renting of hash - it matters nothing to the pool does it? rented hash is the same as non-rented hash - the pool gets their cut when a block is found so rented hash is also to the pool operators benefit as much as it is to the benefit of those that rent it (well if a block is found, right?) Again - let's lose the anger folks! if my questions offend - realize this, they were not intended to - and ease up a bit. Smile too - you will live longer  My post Read nasty internet does that. A lot of people thought your post read nasty. It is why wars happen in real life. Why do I want a solo pool. Okay lets change it a bit more. If you went back in time and looked at all the bitminter posts I did I always wanted a solo pool for miners that I considered to be run by someone that can be trusted. I am stupid and a moron kano will tell you that if you ask him. So I can't do the technical running of a pool. I can organize people to get together. We have collected enough fees to run a pool from an honest provider. The issue with solo mining it we go six months without a block sometimes longer. ½ the hash is rental. A solo pool is more of a service. Then a pool. I can solo mine with antpool and i can not verify a block hit by me if I hit one. I can solo mine with viabtc and I can not verify a block hit by me if I hit one. I can solo mine with ck and verify BLOCK HIT BY ME IF I HIT ONE. If I hire a server like ck did and ask him to hold my hand to set it up my fees to him are more then 50 an hour as he is an it/core/software guy. my fees to hire the server are 1600 a year. say 400 to hire ck to set it up. 2000 for me to run solo on a good server setup. plus my money spent on hash or rental. I spend under 1000 a year on solo. so why spend 2000 for a proper set up to spend 1000 on hash. that is the money sense of chipping in here. vs setting a proper one up for ones self. |
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curious - why would the miners have to pay to have the pool open?
I think to answer Stryfe's question and to put the best construction on it we have to realize and admit that a solo pool is no longer profitable nor maintainable out of it's own resources. But a solo pool is still very beneficial to the entire community. We all should have a solo pool in our failover list. Solo mining for the individual is very difficult these days so having access to this solo pool is very beneficial to all. This is one of 2 reasons I pushed to help get a solo pool fund. The other is at least ½ the hash is rented and ck gets zero for that. Nicehash makes out along with mining rig rentals. I would be willing to say they have earned more money from this pool then ck has . if part of the cost is paying 3-5% to nicehash up front when you rent. they donating a fraction to ck is only fair. |
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... why does everyone someone ask a question are they accused of being a troll? sigh never mind. from the thread, the way I understood it was that if the servers were to be upgraded it would have to be at the expense of someone else other than CK - that was the way I understood it. I was simply asking why would people pay to do so? I myself could not imagine doing it myself - So I wanted to simply know why others would - if that is too hard to answer (because all anyone has done is attack me for asking lol) then never mind. from the beginning I said I had no qualms with anyone doing so - I simply did not understand it. my comments might make sense if they were read as questions and not as attacks so Again - kudos to the miners that contributed to keep the pool open. and I wish everyone luck in finding a block - especially myself as I also stated my r606 is on the solo pool. Do you solo mine here? You do as by your own admission. Did you donate? No I ask for donations to any that want to pay them. In any amount they want to pay. |
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While I always enjoy Phil's numerical analysis, I will add throw one small bit of sand in the gears. I think the projections are great in terms of difficulty and hash rate are likely more accurate than the price of BTC. My personal feeling is that the $10,000 BTC price is a kind of "resistance" barrier from a human perspective. I expect that there is a much larger set of people that are willing to sell BTC at $10,001 than at $9999.
Kinda like why things are priced at XXX.95 and not XXX+1.
I am not sure if this ½ ing will really start the detachment of mining cost from price cost. The difference with say diamonds mining cost and price cost is more then 15 fold but a lot of factors are in-between a diamond in the ground and a diamond on a finger. Once the btc is pulled out from the emptiness of cyberspace its a finished product. I can see nothing but heart ache down the road for btc holders and miners I think the money will be made by exchanges and some traders. |
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