OK, I have seen a reference to a "bull trap". Can someone explain what that really means and how it works?

Have we now hit a new "All Time High" on BTC price (roughly $72.5K)?

That seems like it will spur mining effort, at least until the halving.

So the summary of the two above comments and some rough math, the s19j for $3473 will produce in revenue about $11.35 per day. If you have "free" electricity, if this were to continue, your miner would be paid off in about 306 days. The next halving will happen during those 300 days, so it will obviously extend past 306 days.

Is this summary reasonably accurate?

In terms of dollars, some of these changes seem less impressive. BTC price has slipped to $39,978.

While I appreciate those folks that have researched and considered what the next halving might look like based on 2020, I would urge caution in doing so. The COVID pandemic disrupted most of the planet in terms of supply chains, shipping, and overall economic activity. I don't think that Bitcoin would be immune to that as well. Lots of external forces directly influence BTC price which can drive a lot of other actions in the overall sphere of Bitcoin.

Just my thought.

Would this qualify as FOMO (Fear Of Missing Out)?

I had never heard of this until now. As I read the description of the device, it's CLEARLY intended to be a very low power "Lottery Miner". Even if you find some way to connect it to a pool, it's unlikely to ever produce any income that you can realize. In my opinion, this just has to be a "fun adventure" on your part, and not related to any monetary or BTC acquisition. Trying to push it outside it's design goal (aka Lottery Miner) I expect will be frustrating and likely fruitless.

BTC price has been on a solid upwards trend for at least two weeks now. I just saw it top $37K for the first time in many month. This is sure to help push up difficulty as people think that it's more profitable to mine BTC.

I might be too late:

14) 4.30 to 4.62%  alh

I'll add my thanks as well Phil.

15) +0.99 to +1.31%   alh

Currently block #705 (Late night owl in MN USA).

I'll take #3 if possible.

03) -3.99 to - 3.50   alh

If you were just barely profitable at $27K for BTC, you are no longer.

Current BTC  price is $26,100.

It seems to me that there are very few opportunities where "losing money" is OK. One is money laundering where you have lots of actual cash that you can't just deposit it in the bank, but you can spend it on things that don't return as much as you spent. But the process of doing that disperses the cash and makes it "clean". Would Bitmain, or other gear vendors, turn down cash for new equipment purchases? The authorities in the US wouldn't have clear insight into those kind of transactions, would they?

This is just a random thought with zero evidence to back it up. Maybe I watched too much "Ozark" on Netflix.....

I would put a slightly different spin on the answer you got above. You aren't directly mining BTC, but rather you are mining blocks. The BTC reward for those blocks is variable. While in the original days, the "fixed" reward for those blocks dominated, so it was pretty much an algorithmic calculation. Recently the BTC reward that's included for for the "transactions" has become a more significant part of the overall BTC "inside" that block. The difficulty calculation directly relates to the number of blocks you will likely "mine", you could easily get a 2:1 ratio in terms of the BTC between blocks you mined this week, versus a month ago.

I thought I would bump this up for folks to see what a difference year makes. It's a short thread, but is really pretty interesting to look at a year later (IMHO).

Just as follow up to this discussion, BTC price has dropped below $16K. Most recent prices was $15,906. Boy, $30K sure looks nice from here......

My recollection is that the first block of a new epoch is "special" in that the time it takes to complete doesn't cunt against the 14 day time period? I am sure there is someone else on here that really provide the accurate details and explain it, but I am pretty sure there is this "wrinkle" that happens at an epoch switch event.

Almost there........


BTC price: $20,357.  This is clearly going to "sting".

Well past the half-way point and blocks are getting mined plenty fast!


Unfortunately BTC price has now fallen back to $20,139. If this continues, this will "sting" in less than 4 days.