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I have run into three separate situations where I was buying gear from " Hosting " facilities and or Colo set ups. Each time I was shocked at how little these operations knew about basic cooling and infrastructure. Their "floor costs" or infrastructure costs were astronomical. I believe a lot of these miners that are for sale on the secondary market in US and Canada are coming from these poorly planned build outs, that just threw large amounts of capital at them without understanding the metrics of the operations. Even at the most basic level. I believe there are still many more to follow. Not only did "fast money" over speculate BTC itself, it went "All In " on Colo, Reselling of Gear and every other facet of this business. I suspect the shake out will continue until all the Wheat is separated from the Chaff.
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This is the best and most useful analysis on Diff, Coin Price and Profitabilty I've seen to date on any forum. Thanks Philip, your work is much appreciated. [...]
So I now see -15% then -10% with a dip to 2800 usd a coin.
4 cent power at current diff breaks even at 2600
and turns a 11 cent a day profit at 2800 with current diif
but drop diff to 5,653,303,141,405 and an s-9 makes 37 cents
drop diff to 5,000,000,000,000 and an s-9 makes 60 cents
many power plants can sell commercially at 4 to 5 cents they use s-9s when they have excess power rathe then shut down the plants.
so 4 cent profitability is worked into the bitcoin system ie dropping to a loss at 4 cents is not acceptable for these power plants.
So with diff of 6.6 now the floor price has big support in the low 3,100-3,400
but a diff of 5.5 will drop floor price to 2,900- 3,100
and a diff of 5.0 will drop floor price to 2,500-2,700
does not mean we will drop in price to those floors but those floors work for big 4 cent miners.
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$BSV need to pump his price to be more profitable to mine than $BTC or $BAB Godzillatoshi and friends are crashing BTC prices to make it happen. Juhan and Roger make sure they have the longest chain, need to drain hashrate to support BAB. BTC vs BAB vs BSV mining profitability https://cash.coin.dance/This is simply not true. It was an idle threat. The good "Dr." shorted BCH through swaps on the OTC market. This was all a very selfish and greedy, ego driven game of "whose weenie is bigger". Perpetrated by some of the worst actors in the space. They knew from the jump that all three would survive. It was an easy way to create another "shitcoin" and make an easy killing on Swaps trades. Here's how it works; I ( Dr. doufus ) lend you my long BCH position at $600.00 with an agreement to purchase them back at a later date. ( Post Nov 15 ). Mant hedge funds and speculators welcome the other side of this as Dr. Doufus's broker must give them a fat edge in order to take it. EG; if BCH is bid strong at $600,00 then we structure the swap to sell the asset to the buyer at $575.00. This gives the buyer the ability to hedge to position or slowly feed it to the guppies in the open market. Then Dr. Doufus starts spouting off like an insolent child about crushing BTC and a "fight to the death". BCH down over 60%. Boom. Free money and a brand new shiny shitcoin to call his own. Yes he should be arrested. |
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I am hanging in there hoping for this to continue onward and downward  I came up with a lot of numbers and reasons to explain this. My best guess is bitmain and hashnest are doing it. I am in the same camp. Bitmain is in a very precarious position right now. Far over leveraged, New Tech bombing, sales tanking, IPO in jeopardy. Dropping massive Hash from the network is not a terrible strategy to plug some of their leaks. It's a pretty god way to kindle mining interest and possibly bring on some sales revenue. Right now their cashflow is a trickle and the weight of their inventories is dragging them under. |
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sure give me 1 minute
14000 gh using 1400 watts at 4.5 cents and a 6.653 diff coin price of 4300 makes 75 or 76 cents a day
with diff drop
14000 gh using 1400 watts at 4.5 cents and a 5.653 diff coin price at 4300 makes 1.17 usd a day
Wow....That's pretty invigorating. As in maybe, "turn a cartwheel" kind of invigorating. Thanks Philip. |
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I'm getting around .98 cents per day net of electricity??
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Has anyone been able to extrapolate what the -15% drop would translate into dollar wise of profit increase, say for a 14th S9 paying .045 per KWH?
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This is very good to know. Thank you!
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[...]
Excellent point. Here is what I am referring to in my situation; S9i - Antminer-S9i-all-201811071119-autofreq-user-Update2UBI-NF.tar.gz S9 - Antminer-S9-LPM-20181102%20(3).tar.gz |
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I think it does -16%
Which I will take.
I would welcome this as well as I do not believe the lows are in yet. Too many people running around proclaiming the bottom. I know that sounds trite but at this point "psychology" is a significant part of this equation. |
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I'm not having this experience. I DL'd this Firm Ware on several S9I's and S9's and Hashing power has stayed the same to very marginally lower. I've not had the chance to measure power as i am remote. Why would this work for some and not others? Are you sure you used the correct version?
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@ $250.00 per running at .055 per KWH the unit alone takes 8 months to pay off. No thanks. The street's are running with much better deals on brand new Hash power already stateside. Many cases you can save shipping by picking up.
"After recent negativity in the industry around issues like the bitcoin cash “hash war,” he said: “Now’s the time to celebrate, we’re at a bottom.”
A little " Premature Speculation" if I may.
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If you just take a minute to read our business plan you would understand how things would work.
IF your setup is legit you should have very little trouble locally scaling up to the size you want bit by bit without a big splash of overseas investment
That's what we are doing , we open 5 mines over the course of 2 years. The sixth one is expected to be open by the end of December.
without a big splash of overseas investment .....
We don't see why not. It's business.
I think what he's trying to say is, if it were that good.....why would you sell it? Scaling mining ops by leveraging profits is a very simple matter, provided there are "profits". You say you have them. If so, you would be better served to mine for yourself and forget all these headaches. This proposal does defy logic to a large extent. Good luck. |
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I see Alloscomp is predicting a massive 32.5% drop, how are the projected changes so different?
While us Miners would like this, wouldn't this portend some very negative overall fundamentals? My guess is "no" because the massive size of the overall network. Anyone? |
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....and those "contracts" would be "enforceable" how?
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There's so much brand new Bitmain Legacy S9I and J gear for sale stateside at really good prices. No reason to buy from China. My guess is all those COLO dreamers that were building out huge DC's to rent out space to cloud miners, are dumping the gear they scooped up earlier this year. I know of 3 different sources right now that I could buy over 20K various S9's brand new in boxes with PSU's for peanuts. ( Wouldn't do it if i had that kind of money)That doesn't include whats for sale up North in Canada.
The best part about the tariffs is, we're now punishing Americans for letting their parents let China take over global electronics manufacturing. The retaliatory tariffs China put on us are for stuff they can buy from 20 other places but we're taxing ourselves for spending 30 years telling them they should do the work instead of us. You know MAGA hats and Trump 2020 signs are all made in China.
Of course the BTC economy is being controlled by China now. We gave it to them. We paid them hand over fist to take it.
Amen. Dead nuts on. If it wasn't so ridiculous, it would be hilarious. |
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Maybe you just returned from space? You might get half that....
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Maybe you should ask the poor sorry folks that hosted at Giggawatt.......
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What is the best way to reach you?
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