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buddy be dropping prices maybe I buy a piece today.
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Still working . Since it is in my garage and not the farm I dropped clock to 2500 watts. I altered temp setting to 72 80 90.
It tuned over night and is now doing 97th and 2475 watts.
Saves me driving to repair guy in next state.
After much playing with gear I found the actual issue was the white info cable between the psu and the control board.
Since this firmware (brains+) will allow a solid under clock at 25 watts a th I will leave it in place for the next two months due to summer heat issues.
To have a second firmware is good for testing purposes as I would not have figured out what was wrong with this gear with only bitmain firmware.
By patient testing I got 2 s19 pros with 1 board running to two s19s with six boards running.
or 36th up to 210th.
First one I fixed by mixing and matching the six boards till three worked.
second one I used brains as the three boards left would not register with bitmain firmware.
they worked sporadically with brains+ so I then replaced the cable from psu to controller getting good results. Also I like this firmwares abiltity to go to 2475 watts vs 3200 watts.
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England is crushing China in football 3 zip with 1 goal disallowed should be 4 - 0 but she was offsides.
Thanks to Ted Lasso I can actually stand to watch a game. This is pretty good as England is really putting a lot of pressure on China. I like a game with lots of pressure on goallie.
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I was not expecting the price of Bitcoin to stay at this price when the halving is approaching very soon. I do not know if we will see major movement by next year but we usually see a increase just before a halving. I would expect to see it already. Does any one have ideas why we are struggling when we have not in previous years?
Every year (or cycle or whatever) comes out differently, and even if they might kind of look a like, we need to be careful in terms of putting too many expectations regarding how things might play out in terms of their specifics. If you think about it, your description of where we are at (versus where we have been) is not even correct. Do you recall that we spent a pretty solid 2 months that were mostly in the lower $16ks? It seems that our current position shows a bounce from that point, no? It's not enough of a bounce for you? Our current spot is pretty damned well in the range of 50% to 80% up from that 2 month low.. and we have been here largely since early to mid March.. so that is getting close to 5 months. Hey, it is not even guaranteed that we will go up from here, but it still seems to be a great place to be stacking sats. Remember in 2015 we had spent about 8 months in the mid $200s and then we spent another in early 2016 for 6-7 months mostly in the lower $400s.. and yeah people were pretty depressed each time that these stagnant periods happen.. we can go through each of the cycles and see those kind of things, and yeah the time periods do vary, but still they seem long (and uncertain) while we are going through them, and surely if you are thinking about the 3.5x boost that we got between April and June 2019, that was absolutely amazing, and surely it could happen again, but you cannot count on those kinds of wonderful and spectacular events that really fuck up a lot of bears. Sure we want to see those events, but you are unrealistic if you are putting high odds of those kinds of amazing things to happen. Don't get me wrong, there are pretty good chances that at some point bears are going to get reckt as fuck, but who knows when it is going to happen or if it is going to happen, but I would not write off such a bear fucking.. even if we cannot really have any confidence in what price range or how it might be triggered and/or when. We know the holding the ball under the water meme.. and yeah, the ball could stay held under the water much longer than any rational person can stay solvent.. including another couple of years (doesn't seem likely, but it could end up playing out that way). Strong hands gotta be prepared for anything . I recall that you had said that you had bought some more BTC, and if you have been buying in the last year-ish, you should be in really good shape right now in terms of the supplementation of your earlier BTC purchases (I cannot remember if you did them in 2021 or was it early 2022.. maybe it was during the mid-year 2021 dip), and not even needing a doubling or a tripling of the BTC price in order to be in pretty solid place in terms of your own current BTC holdings.. which I recall had been in the mid $30ks.. but if you had been aggressively buying BTC in the last year (even $100 per week), then you may well could have brought your average purchase price down a few thousand, perhaps? I am not exactly trying to get into your details, even though sometimes it does help to work with some numerical frameworks, even though almost no matter what any of us do, there can be ways to frame the situation in ways to suggest "I could have done better." blah blah blah.. And, we can ONLY do what we can do.. and we can ONLY act now, if there might be something that we might want to do now in terms of buying or planning buys or even other less recommendable strategies, as you know that I don't really recommend anything except buying especially if your holdings might either be in the negative or barely into profits, if they were to happen to be in profits. What you were saying is relevant to everyone. You don't have to be a miner because if mining death spiral were to happen, we would all be screwed.
One thing to make many of us MOAR happier, is that we have already seen how incentives play out.
It's called the difficulty adjustment.
Have you heard of it? Even though I am a novice, yeah I heard that. But, I don't know how it works. I am not in a rush to learn these things overnight. But, I won't mind if you take your time with a rusty pipe. Well, I admit that arguing with JJG is not an easy job being somewhat newbie in WO. So, trying to pick Phil on my side for some kind of support  I hope you don't mind. I believe he has greater knowledge about difficulty adjustment or whatever you say about mining things which I don't have. So, I won't be able to answer you back if you start writing these things. Now it's obvious why I pick Phil. Maybe it is not a bad tactic? We all have to start somewhere, and I am not sure where to point you. There are a lot of basic things about bitcoin and a variety of resources, and there are even threads that are aimed at some of those basic ideas that have links contained therein too. The difficulty adjustment is basic, but it is surely one of the most amazing things about bitcoin, too.. ... and I don't even have enough of an ability to explain it, even though there are a lot of people who do great jobs explaining those kinds of things. Anyhow, maybe you can just save your post, and then you go and look up some issues in relation to the difficulty adjustment, and then respond to yourself or maybe provide us with your information that links to the other sources. I am sure guys here would not shirk away from commenting on your comments that are attempting to bring up substantive ideas, especially if they are grappling with actual dynamics rather than your just making shit up in regards to the mining spiral that does not work out in reality as much when you attempt to account for the actual bitcoin that contains a difficulty adjustment about every two weeks (every 2016 blocks). You can even watch it here: Latest Block: 801132 (3 minutes ago) Current Pace: 98.9365% (781 / 789.40 expected, 8.4 behind) Previous Difficulty: 53911173001054.59 Current Difficulty: 52328312063443.84 Next Difficulty: between 51791367219011 and 51991573996741 Next Difficulty Change: between -1.0261% and -0.6435% Previous Retarget: last Wednesday at 8:39 AM (-2.9361%) Next Retarget (earliest): August 9, 2023 at 10:54 AM (in 8d 14h 41m 25s) Next Retarget (latest): August 9, 2023 at 12:16 PM (in 8d 16h 2m 45s) Projected Epoch Length: between 14d 2h 15m 22s and 14d 3h 36m 42s https://www.bitrawr.com/difficulty-estimatorand here: https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038Of course, there are other places that you can watch various aspects of the dynamics of the difficulty adjustments, try to understand it MOAR better and to see what bitcoin-informed people are saying about such an eight wonder of the world. BTC price ‘fireworks’ after monthly close? 5 things to know in Bitcoin this week.  Source.I would have rather that you would have summarized something about the article.. including potentially highlighting the 5 things.. but I sent an smerit anyhow.. even though you probably didn't deserve it.. hahahahahhahaha  from yahoo finance 2015 to 2016 1/2 ing Jan 1 320 feb 5 227 mar 5 272 apr 2 247 may 7 229 jun 4 225 jul 2 258 aug 6 281 sept 3 229 oct 1 236 nov 5 408 dec 3 359 Jan 7 430 Feb 4 370 Mar 3 423 Apr 7 423 May 5 446 Jun 2 536 Jul 7 678 July 9 663 1/2ing price 2023 to 2024 Jan 1 16600 Feb 1 23700 Mar 1 23600 Apr 1 28400 May1 28000 Jun 1 26800 Jul 1 30500 Aug 1 29300 if this pattern matches 2015-2016 We hit 42-44k in nov 2023 and 69-71k near the 1/2 ing next year since we have been at 42 and 44 and 69 k I do not think it is unreasonable to see it again. |
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had a dead s19 pro that was doing 110th at 3200 watts. or 29 watts a th Loaded braiins+ auto tuning as I type. At the moment 104.6 th and 2640 watts which is 25.88 watts. I will post tune numbers soon. 18 minutes into the tune 106.9 and 24.73 watts 
It will get better. Well hoping for it to get better. |
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<snip>
Using you bewildering analogy...the question is: will there be enough "alcoholics" to secure the chain properly? Phil posited that in 80 years there would not be. Personally, I don't know as we NEVER had more than a few weeks difficulty decline and btw, those periods were always the local bottom (so far), like Oct-Dec 2018 (cycle low), then China ban (May-July 2021) and summer bottom. [/quote] The caveat is that the current fee structure won't work in 2080 or even 2056 or even 2052. There will be changes or BTC will not fair well. As LTC/DOGE is structured to last better than BTC. Obviously I am not the only one that sees these issues. I only wish I could stick around to see how it shakes out. |
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Im gonna attempt to explain mining difficulty with a metaphor
You and a lot of other people are standing at a bar, the queue is exactly one person deep. The bar tender goes around the queue take drinks orders and fulfilling them let’s say clockwise. When you get your drink you stay in the queue and drink it. Difficulty represents the time you have to wait to order your drinks. If a new person joins the queue you will have to wait longer and ultimately drink less in an evening. If a person leaves the queue you will wait less time and be able to drink more in the evening. This scales up(adding to the queue) and down(dropping from the queue). There will also be the few alcoholics who will never leave the queue, and they want more booze than they can imagine wanting.
Is my understanding correct?
I think the joke(miners death spiral) is that those alcoholics will always be there, drinking from the firehouse or waiting patiently for the bartender to serve them.
Using you bewildering analogy...the question is: will there be enough "alcoholics" to secure the chain properly? Phil posited that in 80 years there would not be. Personally, I don't know as we NEVER had more than a few weeks difficulty decline and btw, those periods were always the local bottom (so far), like Oct-Dec 2018 (cycle low), then China ban (May-July 2021) and summer bottom. Yeah I think we range 10 to 17 or 18 days a jump. Most are between 12 and 16. His example is kind of poor. As being an alcoholic drinker is not being a profitable miner. I make profits consistently since 2018 every month I made some coin above expenses. Calling miners alcoholics is saying miners lose consistently. The reality is we don't. |
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Im gonna attempt to explain mining difficulty with a metaphor
You and a lot of other people are standing at a bar, the queue is exactly one person deep. The bar tender goes around the queue take drinks orders and fulfilling them let’s say clockwise. When you get your drink you stay in the queue and drink it. Difficulty represents the time you have to wait to order your drinks. If a new person joins the queue you will have to wait longer and ultimately drink less in an evening. If a person leaves the queue you will wait less time and be able to drink more in the evening. This scales up(adding to the queue) and down(dropping from the queue). There will also be the few alcoholics who will never leave the queue, and they want more booze than they can imagine wanting.
Is my understanding correct?
I think the joke(miners death spiral) is that those alcoholics will always be there, drinking from the firehouse or waiting patiently for the bartender to serve them.
No not quite correct. The wait adjustment for drinks in your example is close to instant. In mining btc it is as long as 17 days. |
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... seemingly dumb question.
.....
... I resemble that remark...... ...
.... "artistic interpretation."
....
dfuk is that? Well anyway, here's my Sunday haiku.... (translation of above "invisible" haiku) space space space space space space space space space space space space space space space space space* *bear in mind for this particular artistic interpretation, space return carriage= one syllable sorry you got that wrong it is blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank as we all know JJG makes up 🆙 for shooting blanks with lots of volume. 😄 Just kidding JJG |
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Introduction: Bitcoin is a digital currency that can be used in different ways, both in buying and selling of goods through per-to-per transfer and also in investment which many users of bitcoin are interested. People invest in bitcoin because it flustrates in price either the bearish that people buy and in the bull that they sell. Bitcoin also trend in the eco-space that everyone who is good in the latest technological ideas in the world key into it. Therefore, I should not be exempted for joining the trend and start my journey. I am also aware of the risk that is involved but that will not be an excused to the journey. What's matter is the determination. The price of bitcoin is unpredictable but yet people guest it correctly. Bravo for those guys. For the crypto space, some people prefer trading to investment while some prefer investment to trading which I might also fall unto and some are for mining. I wanted to start my bitcoin investment journey but I look at it that the price is still high to start the investment and I am waiting for the price to go down to $20k to $25k or below. Is that a procrastination? If yes, when is the best time to start the journey? Now that the price is still high? Will bitcoin go down again? The way it stand, it looks like it would not go down again until the next halvining and the bull to come. Bitcoin price was good to invest last year which was $16k to $19k but I was not having cash to start the journey but now that I have small cash let me start the investment. To What Extent Bitcoin Price Will go for the Bear Market Bitcoin start the year 2023 with a good price and the price in in this year is much more better than last year 2022 and those who invested last year 2023 would not say that this year do does not favour them. And we have spent 7 month in this year and the price of bitcoin right now is $30,277 that is, the price is sliding down compare to last week. So where do you think the price of bitcoin will end for the bear market before this year will end? To What Extent Bitcoin Price Will go for the Bull Market
As it is said, bitcoin price rised to $20+k from late last year after the bear market and in this year the price rises to $31k, so what is your speculation on the price before the end of the year? you should set up 🆙. A DCA Say 50 or 100 or 200 a week. Say six months or 25 weeks . at 200 a week it is 5000 if you do it for 25 weeks. Then put in 10x 500 dollar ladder buys. 29k 28k 27k 26k 25k 24k 23k 22k 21k 20k that would be 5000 and 5000 = 10000 invested over 25 weeks only if price drops to 20k now if you cant afford to lose 10 k. do the same ratios but smaller amounts a 100 dollar dca each week and 250 in ladder buys from 29k to 20k that would be 2500 + 2500 = 5000 over the next 25 weeks. |
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Because you never pick on phil do you bruh? ( five six winking emojis) <haikus with lots of spaces>
Hey is your space bar stuck or something? Well he got one thing right it never was is or will be about me. Oh the team purchased a 1200 amp box 📦 for mining will we go from to 150-180 miners. Expansion should take six months. |
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why i get 0hasrate from bored ?   One board is not detected at all. The other two boards are detected but fail to find all chips. So basically the boards are dead. |
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buddy blocked for now
second haiku for Sunday
I will write another
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Blocking buddy now
I am warming up for now
Sunday haiku now
I bit early since its 11:35 pm EST
but for those in Nova Scotia this counts.
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I'm developing a series of standalone miners built around BM1387 & BM1397 asics and an ESP32-C3. I've been working on these for over 1 year now and I think I've got enough knowledge now to make a version that can be mass produced, the question I have now: is anyone interested in such a miner? The configuration I'm thinking of has the following properties: - Standalone, only a usb charger with 5V/3A needed and a wireless connection. - Single BM1397 asic. - Hash rate of 200GHs upto 250GHs (and more probably). - Power consumption out of the wall 8-15W (depending on efficiency of the charger and hash rate). - My own miner software (open source, in beta stage, fully working but lousy UI) based on Arduino libraries that allows manual on the fly voltage and frequency settings. - totally not worth running on a non-solo pool, but a cheap lottery ticket where you enter the drawing for free every 10 minutes for as long as you live(*).. I've designed my hardware around parts that are for sale on aliexpress, but for mass production I will have to redesign parts of it using components for sale at mouser.com , and I will need to find a company willing to produce them (a problem as the asics are not sold by any big electronics reseller), and also sell them. Currently I'm thinking of seeedstudio.com, but I haven't contacted them yet to see if they are both willing and capable (sourcing the bm1397's and soldering them on the backside of the pcb). There is also a open source version with bm1387 asics (that I could also redesign to use mouser parts) that you can built yourself (advanced electronic soldering capabilities/tools required). I have 6 prototypes running, live stats https://solo.ckpool.org/users/1KgwWwBh7qGtcWJ9ZRNTUbVCR1L2qYkzcy, 3 bm1387 versions (2 with 2 asics, one with 4 asics), and three single bm1397 versions (workernames containing 'test'). I started out designing the miners for personal use and therefor used parts from aliexpress but I'm so satisfied with them (they will run as long as the internet connection is up, and will reconnect in 99.9% of the cases when it is not, the 0.01% is caused by a quirk in the esp software) that *I think* others might be interested in them also. But it will require another hardware redesign which is not needed for my personal use miners. So, should I invest the time (and money) in this for you? Or is this a niche product? I have no idea what the retail price will be in the end, but the pcb hardware and assembly should not be much more than $50, add to that a margin the the sales & production, an included cooling solution (say $5 for the heatsink and another $2 for a fan, $x for 2 small 3D printed clips to mount everything) and that should be it. Comment in this topic if interested, or if you think this is stupid, you won't hurt my feelings as I have already got what I set out to achieve. (*) I'm not sure if any (solo) pool will support low hash rate miners in the future. Pool operators have to pay for their hardware and connection, and a low hash rate miner costs them as much as a complete mining farm. Maybe CK can answer that. ps: new forum user with (unknown to me) restrictions, my old user name got lost in 2016) edit: I've redesigned the miner to use standard parts, but sadly i'll have to make another one as one of the buck converters from mouser.com is apparently a fake  Anyway, I did some stress testing to see what it can handle and got this https://github.com/rapsacw/aSiNine-ESP-miner/blob/main/ui.pngI think there is interest in low power miners, especially if they're quiet, but 200GH is way too low. You won't mine anything with such little power. to gain any real interest, you will need to get the hash power in the range of 3-5 TH. And keep the noise below 50db. If you can accomplish that, you can probably sell the miner in the range of $750-$1,000. and be competitive with Futurebit If you could build a 220 watt machine that does 10th you would get buyers. You could also charge a premium. |
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[edited out]
So even if a miner is hardcore Bitcoiner, they won't be able to mine if power costs raises and no price increase. we have a couple of months before the halving event. We may see price hikes after the halving event. Before the event, miners still get 6.25 per block and profitability will remain the same as phill described. But, let's say the halving event split the block reward but the BTC price did not double, the profitability may split as well. The question is, how many miners will continue mining without profit? After all, everyone is looking for profit. It's called mining death spiral. OMG! OH no! Everbody panic.  <big snip> Damn you JJG you got me to laugh just a bit. |
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Guys! There just may be a way to stick around for the final Bitcoin halving... https://www.businessinsider.nl/a-46000-year-old-worm-found-in-siberian-permafrost-was-brought-back-to-life-and-started-having-babies/" A 46,000-year-old worm found in Siberian permafrost was brought back to life, and started having babies
Scientists discovered a female microscopic roundworm
that has been stuck deep in Siberian permafrost for
46,000 years, the Washington Post reported. When
they revived it, the worm started having babies via a
process called parthenogenesis, which doesn't
require a mate..." I wouldn't recommend you immediately begin parthenogenesis when you're revived though... check the bitcoin price first. I prefer a working time machine or an Arabic genie who can fulfill my three wishes! In both cases, I will travel to the early days of Bitcoin and mine as many Bitcoin as I can. Mining the Bitcoin was never the hard part. The hard part was always not selling it for massive gains because you don’t care about the money and then watching it become more money than you need. The type of person who wants to go back in time to make easy money is the type of person who would still cash most of it in early to spend before it turns into something life changing. It isn’t opportunity people lack, it’s greed that puts a ceiling on how high they can go. If I could go back in time to August 1986 the year I got married. I would spend more time playing with my wife than any other thing. To be honest at 66 and not a poor man (nor wealthy) I can honestly say a good friend is more important than great wealth. That said I would grab 1000 BTC at 6 bucks a piece in 2012. That would be the lowest price I ever saw them at. |
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USA record heat is helping hash rates drop. Current Pace: 95.4291% (347 / 363.62 expected, 16.62 behind)
147 blocks later and we're 5 blocks over the speed in this interval. Blockchair shows 148 blocks in the last 24h Btw, the funny thing, the weather in Europe is getting colder, you should see London or Rotterdam forecast, all under 20C for a week, but since we don't have cheap energy I guess it doesn't matter.  My temperature monitor says that even with 9kw output they haven't managed to raise the temperature yesterday to pass 22 degrees in the basement, that concrete bunker is just sucking heat. And it's July! Scenario 4: difficulty goes down while price goes up > you win (only if difficulty drops more than 4.25% for the average of the 180 days)
1/4 you could win, but only if difficulty drops more than 4.25%, is that impossible? nop, is it very unlikely? indeed?
Ok, I know how my record list looks like, and how my predictions have ended, but on this one let me be blunt: It's NOT going to happen! The price staying at least the same and the difficulty dropping on average for 180 days 4.5% ? Why would it? Second, the package was sold out for 2023-09-30 ~ 2024-03-27, so, you're locking your coins now to start mining two months from now? If grid went off completely in USA hash rate would drop over 40% I do agree early numbers under 500 blocks are not accurate so -10% is high. But at 445 blocks in we are -3.04% https://www.bitrawr.com/difficulty-estimatorLatest Block: 800796 (7 minutes ago) Current Pace: 96.9528% (445 / 458.99 expected, 13.99 behind)Previous Difficulty: 53911173001054.59 Current Difficulty: 52328312063443.84 Next Difficulty: between 50766754271997 and 51703699643382 Next Difficulty Change: between -2.9842% and -1.1936% Previous Retarget: last Wednesday at 8:39 AM (-2.9361%) Next Retarget (earliest): August 9, 2023 at 12:48 PM (in 10d 23h 38m 59s) Next Retarget (latest): August 9, 2023 at 7:13 PM (in 11d 6h 3m 45s) Projected Epoch Length: between 14d 4h 8m 51s and 14d 10h 33m 37s so if we were at 53.9t dropped to 52.2t and do -3% we will be at 50.6t over the 2 jumps 53.9 down to 50.6 is pretty good for summer heat. https://www.weathercentral.com/weather/us/maps/heat-index |
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Guys! There just may be a way to stick around for the final Bitcoin halving... https://www.businessinsider.nl/a-46000-year-old-worm-found-in-siberian-permafrost-was-brought-back-to-life-and-started-having-babies/" A 46,000-year-old worm found in Siberian permafrost was brought back to life, and started having babies
Scientists discovered a female microscopic roundworm
that has been stuck deep in Siberian permafrost for
46,000 years, the Washington Post reported. When
they revived it, the worm started having babies via a
process called parthenogenesis, which doesn't
require a mate..." I wouldn't recommend you immediately begin parthenogenesis when you're revived though... check the bitcoin price first. Once Bitcoin goes dormant, will it be possible to revive Bitcoin? Yes Satoshi talked about a second cycle of 21 million coins in 2140. I and others have mentioned reclaiming the stale lost coins 2-4 million could be stale or lost. These are just a few ways coins could recycle or be reborn. |
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