Actually, I can't wait to see what would the halving do to all of this hashrate, I remember back in 2020 hashrate almost doubled in 8-9 months right AFTER the halving, but then of course the price went up nearly 200%, so 12.5BTC at 10k BTC vs 6.25 BTC at 30k, almost 50% increase in profitability.

Also, during the 4-5 months post-halving, profitability was at an all-time low, after exactly 5 months from the halving, the profitability was the lowest for years to come, so the question now remains, will BTC jump 200% 8-9 months post halving? if it does not, then many miners will go broke, really, the next halving will be no joke.

Waw i did not know about the mmpool drama, so sad to hear about it, but just to make things clear, the pool's server and private key was stolen, this could happen to any pool that isn't fully secured,(the pool operator might have stolen the funds as well), so as far as the current topic is concerned, a miner can't change the pool's btc address after solving a block, the funds will arrive at the pool's address, then it is a matter of how secured the pool's keys are.

It's saddening what 1 year can change in the mining business, just picking a random number of 6 cents per KhW, a year ago the same miner made 5.5$ a day, today it hardly makes 1$ a day.

I remember when this gear first hit the market, people paid almost a whole BTC to get it, I am willing to bet that 90% of them have yet to see ROI, in fact, I highly doubt that many of those gears are still online anyway, probably most of them are dead.

This is a great example of why you should not go to an online mining calculator and make business plans accordingly as if the numbers are going to be the same forever, we will be saying the same thing a year later for gears selling today where ROI seems like 1.5 years, it's pretty crazy.

Artemis3, there is no need for all the drama and the accusation against BitMaxz, he is a long-standing community member who has nothing to do with Vnish, he was just trying to help OP with bypassing the firmware signature thing thinking it was the issue, it's not like he told him "ditch BO+ and use Vnish", him posting a link to Vnish is probably because of how badly you worded your first response, honestly, it was rude at best.

Why worry about something that you will likely not live to see? but anyway, you need to keep in mind that as long as bitcoin is worth anything above zero and there is at least 1 person using it, there will always be a value to extract from mining, the blockchain does not need a million miners to run, it could use a single old PC to keep it going, so the profitability of mining will determine the hashrate.

What is more inspiring than money as far as miners are concerned?  Nothing is, mining pools want nothing more than to include as many transactions as possible, when they mine an empty block or one with just a few transactions it happens for a reason, also many people seem to think that there is a centralized mempool the all miners share, there isn't, I can just claim that "my" mempool is empty and mine only empty blocks.

This is a free market, subject to spam and biding, exactly how a decentralized system should be, there is nothing you can do to make it better.

Mining pools don't pay to the miner's address directly, the rewards go to the pool's address and then it's distributed from there, even for solo mining pools where one miner gets the whole block, the rewards still have to go to the pool's address, and then sent to the miner after keeping the pool fees, the question is whether the miners can replace the pool's bitcoin address with their own address, and the answer above is pretty accurate, it's just "impossible".

I think the demand for or interest in crypto has nothing to do with finding the best place for OP's business, they are looking for data entry employees not blockchain related, I do not want to hurt anybody's feelings but I'd pick Egypt simply for the following reason.

1- The pay rate is probably the lowest.
2- The population is more than the other listed countries combined and thus the manpower is a lot higher.
3- The country is pretty safe to a reasonable degree.

Some of the other countries you mentioned have some of those points in place too, tax in Alegria and Libya are probably the lowest, and starting a business is perhaps easier in Morocco than in Tunisia or Algeria, but overall I think Egypt would be the best.

By the way, why not hire people online instead of having to open up an office and all that?

Now with nearly 500 blocks into this diff epoch we can say with some level of confidence that we both could be wrong and end up actually having a small drop.



Still tho, long way for confirmation, I will be happy if it turns out that i was wrong about a positive adjustment.

من وجهة نظري فأن الشرح الذي قدمه الاخ yhiaali3 هوا الاقرب للواقع, الفوليوم او حجم السيولة المتداولة بين عملتين هوا اهم شي للحفاظ على السعر داخل المنصة ضد مثل هدا النوع من الهجمات, واحيانا يحدث بدون ان يكون هجمة ممنهجة.

ولكن! مع كل هدا اعتقد ان العد التنازلي لعملة BUSD قد بداء فعلا, لا اعتقد ان العملة ستنهار وتفقد قيمتها لان هدا سيكون بمتابة الضربة القاضية لمنصة باينانس, ولكن اعتقد ان تداولها سيخف تدريجي وستحاول باينانس بكل قوة ان تحافظ على قيمة العملة ولكن لن تتشبت بها وتدخل نفسها في مشاكل مباشرة مع السلطات الامريكية في سبيل العملة, فبغض النظر عن المكساب التي تحققها من وجود هده العملة الا ان المكسب الحقيقي لباينانس هوا عملة BNB وارباح المنصة نفسها, لا اعتقد انهم سوف يخاطرون بكل ذلك مقابل عملة BUSD وسوف يحاولون انهاء هده العملة بدون شوشرة ومشاكل.
 

I saw many of those modified 17 series floating around for sale, but I don't see them anymore nowadays, it's probably because of "low" the mining profitability is, if somehow BTC goes to 100k without the difficulty having a 3x spike, then spending all the time and money on some S17 might be worth it, but as of right now, it goes for about $300 fully working, it's rival Whatsminer M20/M21s sells for $370-$470 fully working, a lot more robust.

Phill, it was too early to judge, we climbed up real fast



20% was unreal to be honest, 3% is sustainable, maybe 5% at best, i do not see a drop more than that happening this epoch, i actually think we will get a small positive adjustment.

We need to keep in mind that miners are irrational and many of them bet on the price to increase, if you take the average gear in the current world as S19j pro, the profit after power is as follows


10 cents > 30 cents/day
8 cents  >  1.7$/day
6 cents > 3.2$/day

It's probably safe to assume that 6 cents are near average, S19j pro 100th goes for about $1600 nowadays, so even at 3$/day it's still tempting coming at 500 days ROI, 1.4 years ROI is pretty decent to most folks, I am not saying they will ROI in that period, they most likely won't as the halving will come, price go could lower, gears may fail, but the numbers on papers look pretty good, of course, another 20-30% diff increase without price increase will make things look a lot less attractive, but as it stands right now the numbers don't look too bad.

One main thing that might be missing in the logic above is what impact will this have on those running older gears and/or pay more than 6 cents, and how many of those are mining at breakeven or even a loss, so a 5% increase in difficulty could very well result in 10% of the inefficient hashrate to leave, it could be 1:1 ratio, or 2:1 or 1:2, it's impossible to tell, but those who have the infrastructure, 6 cents or lower rate, and are looking to expand, they will probably keep doing so for a few months to come.

What IP? do you mean putting the pool's IP address instead of the stratum URL? please post some pictures of the pool details you entered and the status page/dashboard.

as for this line in the kernel log


You can just ignore it for now, I don't see anything critically wrong in the kernel log you posted, and I also think it's incomplete for some reason.

**To post pictures, simply upload them to this website https://imgbb.com/ and paste the links.

This is so true when going with any investment like solar, there is a very simple formula that you need to apply and it works for everyone, however, the variables used in the calculation are different, just because it works for Phill in NJ it doesn't mean it works for you in Lagos.

For a solar investment to mine Bitcoin it's safe to assume that by "default" it just does not work for most people unless your case is very special.

Lol, I remember you were bearish on difficulty and ever since the difficulty has doubled, I would be more interested in your thoughts about mining difficulty than price


The Chinese are just bluffing, they are sending drones and war tech to Russia, they need the Russians to win this war, and they will keep fueling this war for as long as it takes, if Russia doesn't take eastern Ukraine, it will be tough for China to take Taiwan, also as long as the current U.S administration is still there, I wouldn't raise my hopes so high on any potential peace.



So roughly 2 hours for the current epoch, a massive 10% increase, meanwhile the price of Bitcoin is slowly dropping.

Sure, there you go.

---

Prices are still the same so far, with no update, only the M30s++ are almost all sold out and it's hard to get from the manufacturer, seems like MicroBT is going to fully focus on the M50 series.

I might be a bear, but what do you think phill? You have seen more bear markets than I did, does this feel like and end to the bear market? Do you think the suffering was good enough?

Difficulty will always lag, but would be reacting faster now than in 2018, given that many gears now run on different power modes and adapt a lot faster.

The joy and fomo over this rally is scary, these gears that are coming online, stocks are getting sucked as they come, many random folks on social media are already picking their "best performing altcoin", all of this is not likely going to end well.

I believe over the course of several months BTC price will likely put a lower low and rekt everyone, I do not see the current hashrate can be sustained for long.

Probably not, but I don't think it's a fair way to measure the success of these solo runs, it's safe to assume that most people will lose money gambling for a solo block, just like how most people lose money gambling in casinos or buying lottery tickets, it's only a fraction of those people end up making a huge amount of money compared to what they spend.

In the part you quoted, it doesn't mean that everyone has been joining the solo runs since 2015, someone might have joined in 2020, paid 0.001 BTC, and ended up with 0.1 BTC and that's it, someone else might have paid a total of 5 BTC and received nothing, this is how gambling simply works.

Now with respect to buying ordinary state/country lottery tickets, solo mining is more fun, you have the numbers to watch, unlike the ordinary lottery where the fun only lasts for a few minutes during the draw, also, it's a lot more transparent,  a president of some country can't magically win the lottery.