Hello, I am trying to do in depth analysis using public data from 2016 on mining strategies. The main parameter here is how much profited coins to put towards upgrading the asics in any given month. Does anyone have any advice or data sources on this? I can share my results here in a post later. To summarize the public data used as input:
- btc price
- network difficulty
- network revenue
- available hardware efficiency (gh/j)
I'm finding estimating the hardware value at any given time to be difficult but I've been using a simple model of [ value = 12*(current revenue) ], also thought of as its roi on free electricity after a year.
My estimate from the past was that its better to hodl the coins in an uptrend and upgrade miners on a downtrend, but after looking at all the data and running simulations, I'm not really seeing that as clear.
- btc price
- network difficulty
- network revenue
- available hardware efficiency (gh/j)
I'm finding estimating the hardware value at any given time to be difficult but I've been using a simple model of [ value = 12*(current revenue) ], also thought of as its roi on free electricity after a year.
My estimate from the past was that its better to hodl the coins in an uptrend and upgrade miners on a downtrend, but after looking at all the data and running simulations, I'm not really seeing that as clear.
I think you might find Leo's research valuable.. https://www.aniccaresearch.tech/blog/the-intelligent-bitcoin-miner-part-i
WOW now this is exactly what I was trying to figure out.
Their articles are full of information