Just about 2 hours since you posted this, it tanked even more


Gotta love it when nobody finds a block for half an hour, . after the recent price jump, I will be very very very surprised if we don't get a good jump at least similar to the previous epoch, it just does not make sense that we end this epoch with the current figures, it's next to impossible.

The methodology is rather solid, even ignoring that, who bought most of Bitmain gears in large contracts? it's all U.S-based companies with mining facilities in the U.S, after the China ban - the U.S became the LARGEST mining hub on planet earth, it's not even worth debating, really.


Anyone who thinks that is likely delusional.  if the U.S bans mining it will have a worse impact on everything crypto-related than the China ban, the U.S will make 60-70% of the world countries follow the ban, I hate the U.S government as much as anyone else does, but it is what it is, Europe, Australia, the Middle-east, some of the many Anti-China countries in Asia, they will obey the U.S and ban bitcoin mining, in fact, the U.S can easily pass a new international law against BTC and that will hurt it really bad.


Phill, I guess everyone here knows who is the person that has trouble making friends around the forum.

LOL.. the facts are all over the internet, are you saying that the U.S is not at least the second largest mining hub after China?

You know the largest pools like Viabtc , btc.com , poolin and foundry provide IP statistics to Cambridge and they conducted a dozen studies which all are available online for free.

There are other ways to confirm this if you care to read.. China was 1st the U.S was second but this was before the ban in China. As of right now the U.S is most likely the LARGEST mining hub.

By the way, you own a mining pool I would ask you to conduct a similar study but then your pool size is so tiny so sadly the study will be extremely inaccurate.

I understand that you have some reading comprehension issues, you also cherry-pick people's words just to fit them into a frame of your choice, I mentioned the U.S in this context being the largest mining hub after China (it's probably the largest now), so it's not about the U.S, it's about the size of mining operations going in said country.

Besides, mining aside, the truth is:  unless you live in a vacuum -- the U.S does matter.

That thread only has a link to a modified recovery firmware and nothing more, it says


OP, there is no custom firmware for the S9k, and these gears are pretty low quality, I would not attempt to change any settings on them, if anything, you should be looking to underclock them.

The kernel log clearly states "heat problems" which are usually associated with high room temps, inadequate moving of air, slow fans, dirty heatsinks, and all that basic and common sense things, but sometimes there is more to it than meets the eye.

Can you shake the miner to check if there is anything loose inside? I had an issue with one of my S17 pros, the fans were good, cooling was fine but the miner would show temp error just a minute or two after it starts, it suspected it was a loose heatsink which was the case.

They are sneak mining.. but why hope they get cought? If the motive is to obey the government rules then all it takes to kill bitcoin would be a similar ban in the U.S and a few more countries.

I am not saying people should break the laws, but I don't think I can hope for those Chinese miners to get caught, many of those folks are victims; the government gave them assurance that they can mine bitcoin and then came up with new rules.

If anything those who stopped mining were the ones operating with a lisence and paying thier bills, the folks who steal power are probably still mining in the dark.  

Of course, it can't be "that alone", we know gears are moving from China to other places, we also know new gears are being delivered every day, these two factors will ensure that difficulty keeps moving up almost completely ignoring the price since most of these new gears are very effienct.

I recently heard some rumors of some Chinese mining farms coming back to business after moving from "public and known" mining farms to "hidden" farms, someone said some serious hashrate was brought back to life IN china the past couple of days, while I have no way to confirm or deny that, I tend to believe that a part of this story is true.

Anyway, the path to a new difficulty ATH is pretty clear, things can only get worse in terms of earnings in BTC, hopefully, the price will keep up with it at least for Q1 of 2022, which will mean miners had a whole year of crazy mining gains.

Not sure I understand what you are trying to say here.


While 2.5PH is more than good enough hashrate for an individual or a few people, it's just a drop in the ocean as far as mining is concerned, your chances to hit a block are

http://solochance.com/

This is more like gambling, to be honest.


No! ... Not before someone "hacks" those S19s.

The post you quoted is 6 years old, nobody in their right mind would solo mine using their own node for the sole purpose of mining.

Unless you want to help "decentralize" bitcoin mining (although not sure your S19 mining solo to your own node changes the mining centralization by any measure), or you are doing this for research purposes, just use a solo pool, you pay a tiny fee of 1% and everything is set up for you, it will probably cost you a lot more to own a pool that is as reliable and connected as any of the solo mining pools.

Also, the post talks about S3 and the rest of the old mining gears which had SSH enabled, starting from S15 (or maybe S11) onwards SSH was disabled by Bitmain on most firmware versions, up to the 17 series you could SDcard your way in and enable SSH, but with the S19, as far as I know, nobody has given out the secret, Someone from Vnish team said they already cracked the S19, but nothing has been posted publicly, so no SSH for your S19 yet.

This can't be yet another coincidence, can it? I know some people disagree with the theory that many people are at the edge of being profitable and these small price movements do trigger some serious hashrate action both to the up and downside, I explained to stompix why do I think things now are way different than before since the migrated hashrate is now operating in completely different conditions, the Chinese can mine with 25T diff and below 30k bitcoin, the majority of the rest of world simply.. can't.

The above fact is a net positive for us miners, however, things like Volcanode might change the whole theory above, the cheaper forms of energy other miners get their hands on, the less profit to the rest of the miners.

اولا اتمنى ان تكون هده الحادثة هي الاخيرة التي يتعرض لها اخونا اوميقا ولعل هدا المبلغ الضائع يكون سبب في دفع البلاء عنك.

ولكن اود في رسالتي هده ان اقول بعض الكلام الذي قد لايعجب الكثيرون, هناك خيط رفيع جدا بين "الانسانية" و "والاهمال",  انا متأكد ان الاخ امويقا كان قد اعطاه القرض فقط من باب المساعدة وليس له اي هدف اخر, تماما كما اني واثق في غرض الاخ يحى عندما قام باعطاء القرض لذلك العضو الجديد, ولكن لو قمنا بتحكيم العقل بعيدا عن العواطف فأن مثل هده التصرفات الانسانية والرحيمة ناتجها النهائي سلبي على المجمتع فهي :

- تعطي مفهوم خاطيء للنصابين ان الاحتيال في القسم العربي سهل جدا لطيبة الاعضاء وتساهلهم في اعطاء قروض بدون ضمان.
- تجعل من اعضاء القسم العربي فريسة لكل النصابين من جميع الدول ولا استغرب زيادة عدد منشورات الاقتراض او عبر الرسائل الخاصة في حال استمرارنا على هدا المنهج.
- تجشع على الكسل وعدم العمل وتطوير النفس, فلو كان كل شخص يمكنه اقتراض مبلغ 100 او 200 دولار وتم الهروب, فاغلب البشر سوف يختار الطريق السهل.


انا لست ضد الانسانية ومساعدة الاخرين, ولكن لا اعتقد انه يجب على اي شخص المخاطرة باي مبلغ مالي صغير كان ام كبير, وكما قال الله تعالى "يَسأَلُونَكَ مَاذَا يُنفِقُونَ قُل مَا أَنفَقتُم مِّن خَيرٍ فَلِلوَالِدَينِ وَالأَقرَبِينَ", شخصيا وصلت لقناعة تامة ان المساعدة والصدقة تكون للاقربين كما اوصانا الله ليس عبتا, وانا على يقين ان جميعنا نعرف ناس بحاجة للمساعدة سواء بقرض او صدقة او غيره, اذا لما نساعد شخص مجهول الهوية على الانترنت لا نعلم اصلا في ماذا يحتاج القرض! ربما كان للقمار او لشراء عضوية في مواقع اباحية او ماشابه.

اتمنى ان لا يزعل احد من كلامي هدا فأنا لا اقصد به احد وانا مثلكم كنت افعل مثل الشي واحكم قلبي في هده المسائل ولكن بعد التجربة والتفكير العميق تبين لي ان المساعدات من مثل هده النوع ضررها اكبر من نفعها.

Gave you some merit for the positive energy. 

I admit that I am often bearish than not, I am surprised that you are not, you see people start to take less risk as they grow older because they have so much to lose and a little to earn, and then making up for any potential loss is a lot harder for older people.

But this isn't how I always have been, I was more bullish than most bullish people, I have taken a tremendous amount of risk with BTC, it did payout in the end, I am years ahead financially compared to when I started investing in crypto, but everything changed recently due to family-related stuff, I feel like I have to train myself to be more bearish than bullish and to take less risk than I did before for the sake of my family, sometimes, I wish I was just 5 years younger.

I do envy your bullishness nonetheless.

The pressure of being a miner is a lot harder to endure compared to just holding some bitcoin in a cold wallet, even for folks like me who don't care about the power rate, I always have to worry about hash boards dying, the farm catching fire or anything else that can go wrong at any given second.

Mining however is a lot more fun, and in days like this when bitcoin isn't making any price gains, mining outperforms holding, it's just how it always been.

With that said, I am more bearish than bullish regarding the mining industry as a whole, I believe the past couple of months were the best we will ever get, the average profitability of 2022 will be a lot less than 2021, I think we got to the top of the mountain and going forward will only be a decline in profitability.

It only involves one person if one person is playing against himself, in the Casino, as far as I know, you are either playing against other gamblers or the dealer of the Casino, if you are playing against other people and the Casino is only collecting fees, then the Casino is responsible for guaranteeing payment to those who win. So if someone loses and double-spend that money, the Casino will have to cover that loss.

In the event of playing directly against the dealer, the Casino is actually the other person, the dealer is counting on the odds which favor them by a small percentage which depends on the exact game.

If 100 people play an online game on which the Casino has an edge of 1%, each with 1 BTC, on average 50.5 people will lose, 49.5 will win, the Casino will make 1 BTC, if a single person double-spends a losing game the odds shift against the Casino and they are guaranteed a loss, the loss will be in their trial balance, no matter how you look at it, it is a direct loss.



Only if the person did not play any games using that double-spent amount, the moment they do, they have already created an impact on the win/loss ratio of the Casino.

Really? I don't know how Casinos actually work but losing profit is actually a loss, value isn't being created out of thin air.

Replace the Casino example with an exchange.

Bitcoin price = $1000

I deposit 1 BTC, the market crashes, and I sell it for 100 USD right before the market shoots back to $1000, I then go and double-pend that 1 BTC, the exchange will freeze that remaining $100 but that does not solve their problem, the person who bought my 1 BTC will want to withdraw it, in this case, the exchange lost 0.9BTC which they need to pay to whoever the person that bought my "imaginary" 1 BTC which was never actually confirmed in the exchange's wallet.

Also for a Casino, the double-spent amount is a loss they have to bear, the inner working of any casino or any organization for that matter does not matter, when someone double-spends something, someone else loses it, unless that someone lives in a vacuum.

That's sad to hear, after almost 20 days since they received the miner, and they can't fix it! why can't they fix 5 chips, I don't think that's a good enough reason, if they can fix one they can fix 5 or 6 or even 10 no? based on what I know, identifying the bad chips takes more time and effort than actually replacing them, so if they really got to that point, why stop?


Is it because they don't have both BM1397AG and BM1397AD?

Your math is correct, not sure how i missed the mistake in that article, goes to show that you can not trust the media neither the government.

If its only 1104 kwh then it can't be 10100 unless those are GPUs.

10,100 mining gears that consumed 1,104 kWh according to "The Development and Reform Commission of Bayannur City in North China's Inner Mongolia", you can read more here

This can't be major if the numbers are right, 10k gears each consumes 1kw? what could it be? maybe an underclocked S9? so 12th per gear? 121ph or maybe 130ph at most? these are indeed a lot of gears for any individual, but is it worth being on the news given the size of the network and how tiny those 121ph seem? I don't think so.

Back to almost 1% flat as I type





When was the last time you were bullish?

Anyway, we got some updates from Chinese vendors.


For anyone who is already positioned, that is just some good news, alongside the gas price increase and all, that's all good news to those who are not affected.