You can invest in such devices if you expect a problem in the supply chains, have experience and trust to be able to sell them at the right time, but in general electronic devices are not an investment because their value is declining over time due to the presence of better and more advanced devices always, in addition to the increasing difficulty of Bitcoin mining.

So unless you have experience, a good plan and know what you are doing, buying a Hardware hoping to make a profit is a wrong strategy.

Eth to BTC is very high right now.

I struggle with this question:

1) Mine and hold ETH
2) Mine Eth and buy BTC

I do not need to cash out for electric payments

I never use PPS pools, I use that 2% since it is the fee that large PPLNS pools use. I don't know why someone would pay more for a PPS pool when there are PPLNS pools with enough hashrate to act pretty close to a PPS on a weekly or monthly scale.

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It doesn't look to me like there will be any significant connection between price and difficulty for the foreseeable future. Price would have to get down below the 20K range before major hash started getting turned off. At current difficulty, it costs a 5c power operation only $8432 to mine 1 BTC.

There just isn't enough gear supply to meet demand for difficulty to rise to keep up with a price jump. I bet price could jump to 200K tomorrow and it would still take a year for the difficulty to double again. Of course, a new S19 pro would then cost 50K each... lol.

I wonder if the ASIC manufacturers are having secret back-room meetings about limiting supply to keep gear prices up...

For all my calculations regarding profitability, ROI, power consumption, etc. it seems that the S9, for the prices they're going for now, tend to be more profitable than the newer more expensive S19/S19j's. I know that the power efficiency on the S19 is much better than the S9, but the ROI on the S19 are 2 years + when accounting for estimated difficulty change over time and the current $ per TH. The S9, at current Bitcoin prices, will become unprofitable quicker with the rise of the difficulty than the S19 would; but for the short run am I wrong for investing in S9's than S19's? Am I missing something? My electricity cost is $0.047 USD kWh and as of now I can buy a S19j Pro 104th for $13,780 ($132.5/TH) or for the same amount get 36 16TH (Braiins os) S9's @ $380 per unit ($23.75/TH). Any insight or help is appreciated. Thank you!

Of course, I hardly have any clues regarding your particulars, but for sure we should be attempting to establish goals to never run out of cash to buy on the way down and never run out of BTC to sell on the way up.

Of course, there are a lot of discretionary aspects in regards to how to set up these kinds of matters.. and many folks likely realize that I don't believe in the concept of selling until you feel that you personally are in a decent enough BTC accumulation position to justify such a practice.. and surely selling should not have any kind of goal of being able to buy at a lower price, even if in the end, some kind of lower price might well end up coming (which surely happens quite frequently in bitcoinlandia.. but still not a way to accumulate more bitcoin)...

So, for sure, it can feel quite uncomfortable to figure out how to maintain a system that allows you to never run out of cash to continue to buy the dip... which can take a decent amount of work to establish and to feel out.. and surely the longer that we are involved in BTC the more likely that we should be able to figure out some various comfort points to maintain such balances.. and I will agree that all of this sounds all fine and dandy on paper because sometimes in actual practice there are some SNAFUs that are going to cause the running out of cash to buy more dip or even the weaning down of the amount of money that is left in the budget that it causes the amounts of the projected buys to be low as hell.. very low..  of course, for me, personally, I currently have buy orders already on the books that go down to $20k.. but there was a time in the past couple of months that my buy orders had barely gone to $25k.. and I was feeling uncomfortable with that... and of course, in late 2020 and into the early part of 2021 (nearly the whole of the first quarter), I was able to keep buy orders down to $9k... but some of that did get widdled away too based on some real life shit and attempts at personally balancing all my various personal factors (including some projects that I had agreed to enter into in the early part of 2021).


hahahahaha

Good way of rephrasing the matter.

Surely there seems to be some kind of dilemmas in the various ways to earn bitcoin or even to talk about that process in these here parts.. when the truth of the matter may well devolve into the practice of supporting shitcoins (and without talking sufficiently negative about such shitcoin involvements) while at the same time failing refusing to describe shitcoin involvement (or consciousness - involved in NFTs now..  look at me, mom...  blah blah blah.. )...  for what it is.. or maybe to talk about the matter in some other thread/forum.

Between now and 1 year from now bitcoin will spend more time below $40k than above it. Write it down.

I woke up to my GPUs making 10% more bitcoins than they usually do. Can't be bothered to check why but perhaps shitcoiners are panicking too and paying massive fees to move their defilth around. Good times.

The news follows the price, no matter how bad it is, it definitely will not cause such a drop. It seems that something has happened or will happen soon, meaning either it is an attempt by whales to buy at a low price and then pump the price to make a quick profit, or someone has sold at levels of 57K

In any case, listening to all this news and analysis is a waste of time because we will try to understand something that has already happened, the most important thing is to buy more Bitcoin.

Block time for the last 24 hours is around 8.5 minutes with 167 blocks mined means 16% of the pace for the last day.
Not sustainable (I think and hope!) for more than a few days but still, this pace would translate into 185Exahash for the day, so above the May ATH.

I was curious what Riot stocks were being hammered in the market and browsing around I finally saw their results,  so they have around 3Exahash, at the end of August they had 2.2, clearly, they are going to miss their target of 4 by the end of the year. Also for 2022, they've said 9Exa, I think the plans those companies had drawn back in summer are a bit unrealistic.
Mara stocks are the same, and there the things are murkier.

From what I see it's better to either mine or buy bitcoin directly than expect any huge gains from mining company shares, I have a feeling the hype in the bitcoin mining investments is beginning to dwindle.



I know, I've seen even here poeple who think that if the sun rises at 5:30 and goes down at 20:30 it means they have over 15 hours of continuous sun production at maximum capacity.  And a lot who end up with a Pikachu face when I tell them much of Europe has about 3-4 hours of peak sun and they end up thinking I live on some island north of Norway

I believe Lafu, Kylapoiss, and Altryist. I hope it’s not Icygreen or STT, but a mini-crash from $60,000 to $45,000 is never extremely hard to see if you ask me. Especially after April crash, which was just somewhere in the middle of the bull cycle.

Reinforcements please

Sent in the troopers

https://www.bitrawr.com/difficulty-estimator


Latest Block:   712420  (8 minutes ago)

Current Pace:   102.2319%  (773 / 756.12 expected, 16.88 ahead)

Previous Difficulty:   22674148233453.11                           
Current Difficulty:   22335659268936.39                           
Next Difficulty:   between 22658917426742 and 22861844686427
Next Difficulty Change:   between +1.4473% and +2.3558%
Previous Retarget:   last Sunday at 5:20 AM  (-1.4928%)
Next Retarget (earliest):   December 11, 2021 at 10:00 PM  (in 8d 10h 38m 37s)
Next Retarget (latest):   December 12, 2021 at 12:48 AM  (in 8d 13h 25m 56s)
Projected Epoch Length:   between 13d 16h 39m 51s and 13d 19h 27m 11s


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