There is no sell support. If it will start to growing nothing will stop it. We will see new ATH very soon if it will start to grow.
Buy support ain't too high either. Seems like China and most of the world used up all their coins dumping that instant and volume has mainly settled down for the most part. Even a little volume in either direction could do a lot as it stands. |
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It doesn't work like that Phil, and you know it as well as I do. The difficulty increase on BTC will make us have to switch to BCC, which will then cause BCC to adjust diff within 2-3 days like last time. But unlike last time, the buy orders for BCC will be extremely thin. This will ofcourse force down the price of BCC to a lower level like it did last time. After that, Everyone will be back to BTC again, it may oscillate 2-3 times, and some of us may make a decent amount of profits. But the underlying long term effect will still be that massive difficulty Spike. With continued downward pressure on the market, People who have the cheapest miners and the cheapest electricity will be able to weather out this storm. The rest will have to fold, either hold on to their Asics and wait for the price of Bitcoin to become profittable again or Mine at an extremely low margin when compared to the price of Electricity.
Having said that, I was inspired by your thread and am actually thinking of buying some solar to subsidize my electricity costs, although it is already pretty damn low.
Damn, Mining ain't easy.
The same thing happened early on with the S7s and S5s- everyone feared with difficulty and the low coin price of the time there was little profit to be found at all. That, of course, turned out untrue but true miners weather the storm and turn out ok. We'll see if that's true this time. I definitely don't like the negative feedback loop with BCC though. |
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Emarks are also not constant in price and in mining profitability and they fluctuate very quickly, a reason why not many people will mine them. Its best to just mine pure Bitcoin to get away from the hassles of mining and then finding a good exchange rate and getting your coins. With the current difficulty and prices it may not always be profitable to mine but there is always the chance price will go back up again. Keep in mind you are also competing with Bitmain and other large farms who can mine at electrical costs far below yours.
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You don't need one because the only real difference most miners need to know is that the S5 and S7 are both on 28nm processes and have last-gen efficiencies and the S9 builds on that with 14nm and better efficiency. The S5 was the last model of Antminer that used the last generation case style and had less dense heatsinks compared to the S5+ and onwards.
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The mempool is absolutely blowing up right now: https://jochen-hoenicke.de/queue/#2h seems like there's still plenty more people trying to get out. Under $3000 is looking pretty likely right now. Nothing we can't handle, though. |
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Ok, was only half expecting going below $3,500 / USD.
Any bets we see $3k USD by EOD ?
It's pretty likely seeing what's happening right now. Assuming no more news like this comes out I expect 3000-3100 by EOD. |
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Too lazy to do that and I just prefer to HODL the big old one anyways. I'm happy with what I have and that's all I care about. Why grumble about missed opportunities when there are more right around the corner?
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So didn't buy coins yesterday GOOD.... what would't be a good bottom to buy more in...  ?? We're bound to go below $3000 and possibly further which would be the time that I'm definitely going to buy in. We've been net positive for the last few months and I'm still in the green even if price goes down to $1000 which isn't very likely. We're still up in terms of the entire year, so not too worried here. BTCC at $2500 is just people trying to get money out but that price could be here very soon... just waiting for that to happen. |
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Seems like this isn't even the beginning of the long-awaited correction. I sure welcome cheap coins, though, weeks of going up have left little opportunity for a good buy time! I'm thinking the bottom could be in the low 3000s to 2500 as a worst case scenario.
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My S7 is still truckin along barely profitable right now... thinking of just throwing it in the miner museum with a few other old relics. I'm surprised these things have made it so far, two years of mining... shame Bitmain doesn't make anything nearly as reliable these days.
BTCC suspends trading and price plunged to $2500 temporarily on the exchange... with the difficulty rises combined with that I don't see this thing making it that far anymore sadly.
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My A6 in a spare room in the house, but it's quickly getting too warm to run it inside. Been running it only at night lately, but even that will stop soon. I might move it to the garage if I can find a clean way to run the ethernet cable.  A Gekko stick and 6 nanofury sticks, just for fun.  It's not the preferred method but since you seem to be desperate to relocate it (since you're not even running it 24/7) you could use powerline! WOW ! Nice man.. look at that usb miner.. I wish I have that just for the start.. And the fan too, it's cute man.. Can I ask how much you spend to all of that ? What do you mine ? Bitcoin ? Can I use it for mining other crypto ? The fan is around $10 and the miner itself was sold for around $30 dollars at release. Nowadays it's selling for $50 but it's a great start if you want a low maintenance and still highly tweakable USB miner. The fan is great, moves a lot of air and is silent. They are made by Arctic and they make the best USB fans I've ever used. |
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Got my $5 card and it worked like advertised on AliExpress which doesn't have 3-Dsecure (great site to use VCCs on). Will do more business in the near future  |
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I would have thought the BCC "Emergency Difficulty Adjustment" (as I understand it) would have "expired" by now and it would be back to the normal 2016 block adjustment interval. Right now it appears that BCC still needs this "crutch"?
That seems like a poor situation long term, though maybe the "Emergency" only needs to last a while longer.
I can understand why BCC seemed desirable to Bitmain since it would supposedly increase the set of folks that would want an S9 (i.e. BCC-only miners).
I'm guessing they're keeping this "crutch" up only so that people will actually mine the coin. Without it, it seems not a whole lot of people would mine on that chain and thus they're likely keeping this in place just to incentivize people to mine there. Realistically this should've lasted at most a week but it seems like this emergency is extremely prolonged or there's miners involved/incompetent devs. |
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I'll take a $5 VCC vouch if it's not already given away. Been looking for an alternative to coinizy since it went scam, seems like this is a good one.
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I'd watch out for temps with an intake of 35c, you will want fans full speed at that temperature or overheats can occur. Ducts like these work great and iirc Phil recommends these to lower noise as well.
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There's plenty of cheap sub-10 or 15 dollar new routers that are 300mbps (or so they claim, Chinese router quality can differ a lot). I used to have one and it worked well but range was a big issue. Lots of people don't even have internet speeds that fast either way though. It'll be a while until AC WiFi is actually needed as a base.
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Considering how much money Bitmain has and the extensive R&D they do already, I also find it unlikely they can bring these kinds of efficiency rates. Perhaps they can, but with 7nm largely unknown and all and diminishing returns on efficiency the hopes get lower. Maybe they can get it to there but they'd need to undervolt and underclock chips possibly to do so. GMO likely isn't a scam, but if you think underperforming is a complete scam then it is for you.
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Actually, very low fees ... no ?  Funny how things like this are forgotten when price is a temporary thing. Didn't we just fight for months trying to get a scaling solution in? Guess we're starting to just take this for granted now... |
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Finex just went up by about 200 in the last couple minutes. Guess US traders are finally waking up to the news and buying, nice to see so much buy volume after a lot of selling.
Edit: lots of sell pressure pushing it down to only ~100-150 now.
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XMR comes to mind. What you're talking about is actually a reality as there are botnets of virus-infected computers mining away at XMR without their owners knowing about it. Besides that there's not really much else that's worth CPU mining at this point in time.
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