And as multiple times before, you can't have your cake and eat it too, the difficulty is up only +0.6280% but the price is down on 7 days period -11.4%, income per TH/s sliding again, I think it hit below 9 cents. It kind of stops being only about eating the cake and more like getting an overpriced cake that is moldy and getting a beating because you didn't tip enough.
China has some shrinking rivers, and water levels are pretty low, some power cuts are happening, and we know there is still some mining going on there, so that could slow down the difficulty, EU zone is having a hard time getting gas and oil, energy prices are sky high, Kosovo had some power cuts recently, all of that could also help a bit with difficulty although I don't think there EU has any considerable hashrate to let go of.
I doubt that there is any major miner operation in mainland Europe still mining that doesn't have its own power generation and at this point, it's a bit hard for me to understand why should somebody burn energy to get a measly share in revenue where they could simply sell that energy on the market and get rid of a lot of troubles.
Assuming the XP at these rates, if you miraculously generate power at 5 cents you will make as much in profit as selling that power for 13cents on the grid, so, seriously you would earn a ton more by charging electric cars.
I am going with speculation. I can make 8 cents today selling the power or 3 cents mining but if
BTC goes back to $65000 I made 9 cents.
That and generally power has to be used when it's generated. If there is no demand for electric car charging or to do other things you can either spin down the plant for a bit or mine. So once again, the miners will always run.
Pure guesses on my part but seem reasonable.
-Dave
We have developed 3 solar arrays in NJ
a 45kwatt = 7.5kwatt 24/7/365
a 115kwatt = 19.1kwatt 24/7/365
a 280kwatt = 46.6kwatt 24/7/365
they all net meter
Doing the math for these as to what power costs is next to impossible.
You could argue 17 cents is saved vs summer power cost
You could argue 10 cents is saved vs winter power cost and use of the heat
You could sell for 8 cents locally to a neighbor in the case of the 2 bigger ones. >>> NJ community power plant rules
So you can come up with 3 numbers for your kwatts spent.
There are so many programs rebates deals it is kind of countless.
The big plant in Clifton is close to Nasdaq's power source. We are trying to cut a deal to bring in a container which is a 40 foot UPS it would be charged by the solar. We would get fees to do this and it would fire up in a black out to run Nasdaq's servers. What is this value? I have zero idea. We also have a commitment to be a telsa+ev cars charging site.
So in order to decide how to value the mining vs selling the power or leasing the charger or running the Nasdaq UPS is really complex.
If I run 2kwatts 24 hours it is 50 kwatts (round up) I can do 1gh on eth and earn 1000x2.59 cents = $25.90 to burn 50 Kwatts that is 52 cents a kwatt.
that kills anything:
8 cents for selling to a neighbor
11.4 cents for mining btc
17 cents saved on summer rates
10 cents saved on winter rates
Now picture all the money due to leave the mining system when eth goes POS.
I estimate 25 million a day goes poof.
Replaced by 3 million uncollectible interest.
This will decimate the industry of mining. Yeah it will hurt BTC,LTC,Doge and other gpu coins.
or ETC will whale like a mofo.
https://www.bitrawr.com/difficulty-estimator...
Latest Block: 750449 (7 minutes ago)
Current Pace: 109.3881% (498 / 455.26 expected, 42.74 ahead)
Previous Difficulty: 28174668481289.41
Current Difficulty: 28351606743493.77
Next Difficulty: between 29496640990446 and 31143497811428
Next Difficulty Change: between +4.0387% and +9.8474%
Previous Retarget: last Thursday at 6:48 AM (+0.6280%)
Next Retarget (earliest): August 31, 2022 at 1:58 AM (in 9d 15h 17m 11s)
Next Retarget (latest): August 31, 2022 at 6:19 PM (in 10d 7h 38m 10s)
Projected Epoch Length: between 12d 19h 9m 47s and 13d 11h 30m 46s
It is early but this could be Texas gear going back online.
https://www.wunderground.com/forecast/us/tx/dallasTemps dropped by about 10-12F or 5-6C in Texas which may free up power.
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