Now throw maybe a 10% capacity decrease because of the halving as some miners might shut down and it's going to get uglier.
the halving wont kill off the miners. the spot price has already and will look after miners in short mining had no issues 6 months ago at 6.25btc for <$218.75k (btc was under $35k 6 months ago) even if 1btc is still $70k next month.. 3.125btc will be $218.75k miners were not screaming poverty 6 months ago where 1btc was under $35k/btc Well actually Nov 2023 coins were 35k but the diff was not 86t. it was 62t. So a 70k which would be equal to 35k after the ½. needs to drop by 62/86 due to the diff increase. so miners will have really torn a-holes soon. |
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I traveled to see a total eclipse once, from my vacations in Brittany to Portsmouth via ferry, in 1999.
Unfortunately the UK weather being what it is, even in summer, there was a total cloud cover. We saw everything darkening but no real night because of the clouds.
https://en.wikipedia.org/wiki/Solar_eclipse_of_August_11,_1999Probably the same eclipse I saw when I was living in The Netherlands. (It was a Wednesday). I think it was only partial, near full from there, but enough for the surroundings to go eerie blue dark. Pretty decent view at the time (good sunny weather) and I used many sunglasses on top of each other to take a photo. No idea what happened with it though. Probably somewhere in the loft. I was in Hampshire and it was only a partial eclipse but weather was clear enough to see it. My boss at the time travelled to Cornwall to get the full experience. Yeah we got just enough clouds to screen the glare. You could peek for a few seconds and see the 90% coverage. Howell NJ had 90% coverage. |
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Well another 70k+ day we now have 10 days over 70k.
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Okay I thought it was about The Simpson's. Just checked him up and realised why I don't know him. Not a really big fan of American football Sad, cancer have taken another. Even before checking, I had a feeling it would be cancer May He Rest In Peace.
That is pretty dumb.
I know Even if it performs a huge correction Fine I will wait. It rises to my profit taking line I start taking profits Campaign already doing my accumulation and I like my personal fund average of btc at $39K. If a correction comes before or after the halving then I can start personal accumulation. I'm not getting too greedy. That's me, I only have a strong hand when in loss and not when in this kind of profit. I'm not in most y'all level yet. O.J. Simpson was also round not guilty in one of the most famous trials for murder in the US. He was defended by the Kardashians father. Who parleyed his fame into their greater fame. |
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I know this post is late but just returned from my excursion to totality land. The internet was very spotty up there, so didn’t bother posting till now back home. This was using a Canon on a tripod. The real experience is the moment of totality when one takes off the eclipse shades and sees it in all it’s glory. 4 minutes of mind numbing awesomeness. Hard to put to words. We cranked up the “2001 A Space Oddessy” opening theme at the moment of totality. (“turn it up louder bro!!”) I even got weirdly emotional. F**king absolutely amazing life experience.  GO BITCOIN Great stuff right there! Once-in-a-lifetime-experience (just like Bitcoin) Next time (LOL) you got to turn down the exposure for an even more awesome ecliptic shot. But the photo is as good as a trigger for remembering the experience, anytime. I'm OOM (Out Of Merit), so have +1 WOsMerit from me, at least! Tip: Google on explanations for solar eclipse by flat earthers, if you need some good laughs  I gave him one for you. |
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lots of 70s look good.
70 has proven very tough to pass. maybe by next week
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I just thought about this and would like to know if I can just switch my miner on and off and only mine during sun hour's, or will that not work at all? I could ask chatgpt but I'm a little old-school and want a human answer.
I don't know how the pools evolved over time. I guess I'm not getting any reward (tx fees, mining reward, etc.) if I am not connected 24/7?
That is actually sad/bad and holding back decentralisation and indie miners, because the resources needed to become sustainable are
Electricity and Internet. Both is still really expensive, especially in regions that actually have sun.
Bitcoin still does not have it's inception in the places needed the most, because there is no way you can spin on a ASIC miner (even if you could afford or get it gifted), and then have a stable and affordable internet connection and free electric (only day time).
But if we can do mining on day, get paid, have starlink or something, we might get there. I'm definitely here to try and it would serve Bitcoin extremely well if the community manages more decentralisation through home-nodes and miners and maybe a new internet protocol on top like threefold is doing it.
nicehash viabtc would work for you |
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So I have no way it get it back? I am very amateur...I was just trying to receive the bitcoin and got an error message saying that are was already receiving and said hold down receive and there was nothing listed. I stupidly shared my key I guess by going to what looked like an extremely trusted site to validate it.
"Moron Stupid Loser piece of shit." I know that on some level you feel this way. I simply want to ask one question how much did you lose ? ALSO HERE IS FREE ADVICE SHIT CAN THAT WALLET AS IT IS NOT SECURE ANY MORE.!! |
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ETFs -> n00bs
n00bs -> weak hands
Gotta shake em out every cycle.
I think of it as a Feuertaufe for becoming a beginner coiner. Once your hand gets burned, you learn a valuable lesson. Fire based baptisms are good for some. |
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I am very ambitious about these T21's
I purchased an alpha miner psu.
It can do 7000 watts it is meant for liquid cooling I intend to
A) mod it for air cooling
B) use a buck boost transformer to boost volts to 255
add this setup to the T21 the psu can do 300 volts
the transformer can do 7000 watts.
in theory the t21 can over clock to 230 th
in theory the alpha psu can provide the watts needed.
This will take until late may as the next 2 t21's come in may.
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I am currently 100% in altcoins and wondering when we can expect the next big alt season?
I plan to hold all my altcoins till this alt season when alt coins are performing better than Bitcoin and then start putting profits into Bitcoin.
My guess is Jan 2025 |
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got close today 67,494.
lets argue that is the correct low.
it missed by under 15 dollars
the real question is do we swing up hard and no dance of a dump.
we are certainly right at the low point easy peasy.
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100k and in your home?
the power specs mean everything.
My home is too costly
14 cents in the winter 17 cents in the summer.
I am allowed a 200amp service single phase 2 pole 120 which means I could do 48kwatts maxed temp.
Reality I can do 24kwatts to mine the rest runs the home and overhead.
24kwatts is 8 bitmain L7 with one or 2 of them set to low setting
cost is maybe 50k for the miners 10k for wires and 2 k for fans.
If you are USA based maybe you can do a 400 amp service which is 98000 watts.
of which you could use 50000 watts or 16 miners
that would be 6 L7 = 36k and 10 t21's say 36k so 72k and 14k for wiring along with 4k for fans.
If you want to do that much mining you want a house with an out building.
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Wrong direction.  Serious drop today. 67.7k which is a reaction to inflation rising which means rates are not going to drop. Well good for my silver good for my wife’s 401k not good for my btc. |
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Lol at the headlines. Inflation is .1% above expectations.
And when you sell bitcoin because inflation is higher, you really don't get it.
yep it looks like I will be getting some cheap corn today or tomorrow. |
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https://www.newsbtc.com/news/bitcoin/drivers-bitcoin-price-crash/Here Are The Drivers Behind The Bitcoin Price Crash To $68,000
Scott Matherson by Scott Matherson April 10, 2024 in Bitcoin Reading Time: 3 mins read
Bitcoin has again experienced a price decline since briefly climbing above the $72,000 mark on April 8. This price dip is believed to be due to a couple of factors, which no doubt present a bearish outlook for the flagship crypto.
Inflation Data Expected To Come In Hot
The March Consumer Price Index (CPI) data is scheduled to be released on April 10. Some market experts predict that the report will show a rise in overall inflation. This could lead to the Federal Reserve taking a hawkish stance on interest rates, negatively impacting Bitcoin’s price and the broader crypto market.
This would explain why Bitcoin’s price has declined lately, as crypto investors remain on the sidelines ahead of the CPI report. However, if the inflation figures come in favorable, this could restore investors’ confidence in the economic situation and provide a much-needed bullish outlook for the crypto market.
Also, considering that January and February’s inflation data exceeded expectations, it is necessary to highlight what last month’s data exceeding expectations could mean in the long term. So far, the Fed has continued to hold interest rates steady at about 5.3%, and there was even optimism at the beginning of the year that there could be rate cuts at some point this year.
However, with inflation continuing to stay well above the Central Bank’s target of 2%, there is a growing feeling that they might be forced to take drastic measures at some point. That is ultimately not good for Bitcoin’s price, especially since different crypto analysts gave bullish predictions partly based on their assumption that there would be several rate cuts this year.
Spot Bitcoin ETFs Are Back In The Red
The Spot Bitcoin ETFs have also contributed to Bitcoin’s recent decline. These investment funds experienced a net outflow on April 8 and 9, leading to a significant Bitcoin dump on the market. Specifically, these outflows came from the Grayscale Bitcoin Trust (GBTC), which recorded an outflow of $303.3 million and $154.9 million on April 8 and 9, respectively.
Meanwhile, the other Spot Bitcoin ETFs have not recorded impressive inflows during this period, which shows their demand has slowed. For context, 6 out of the 10 Spot Bitcoin ETFs (excluding GBTC) recorded zero inflows on April 9, while 5 out of 10 recorded zero inflows on April 8. BlackRock’s iShares Bitcoin Trust (IBIT) also recorded a relatively low inflow of $21.3 million that day.
At the time of writing, Bitcoin is trading at around $69,300, down over 2% in the last 24 hours, according to data from CoinMarketCap.
good read my buddy is a 77 year old retired banker. he was telling me exactly what you posted above. ⬆️ my gut tells me rates go up or flat next time. my gut tells me they want the crash and burn the market. why so trump wins and the USA goes extremely right wing. I look at the left and the right as hulk hogan and the undertaker from wrestling. a big show designed to take your money. another example would the rock. a good is now a bad guy. either way you pay $$ to him. i think the rally to 100 💯 k will be postponed. |
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I already have mine and I have decided to leave it running at Medium speed. I find the high speed forced, the consumption increases noticeably, the fan noise increases considerably and the power supply gets too hot. Low speed is inefficient.
The Medium speed consumes 90W, provides 3.3 Terahash and is practically silent.
So under 30 watts a th on medium. |
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