Diff thread Feb 7 to Feb 19? picks are closed.

[Mikestang]

Well at least price is still holding over $400, it was over $405 as I wrote this.  Hopefully it can stay above $400, there's something psychologically satisfying about seeing a $4xx price vs. a $3xx price.

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[mavericklm]

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final picks are above.  note I missed Kexkey and radiumsoup

Damn! Busy weekend and i forgot a bit about the forum, prices and btc. Nice to have a ''normal'' life

Estimated Next Difficulty:    167,053,997,078 (+15.92%)
Adjust time:    After 417 Blocks, About 2.6 days
Hashrate(?):    1,123,946,148 GH/s

looks like is calming the fuck down? at least atm....

[RichBC]

Well the trend continues on down. Today looking like being just a 140 Block Day and if this continues we are only going to see a +12% period?

Rich

[philipma1957]

Well the trend continues on down. Today looking like being just a 140 Block Day and if this continues we are only going to see a +12% period?

Rich

yeah we could which will mean next jump is  going to be 10% or more.

[VirosaGITS]

Well the trend continues on down. Today looking like being just a 140 Block Day and if this continues we are only going to see a +12% period?

Rich

yeah we could which will mean next jump is  going to be 10% or more.

Any idea why the network went down 10% hashrate? More Russian Datacenter failure?

[ingiltere]

Any idea why the network went down 10% hashrate? More Russian Datacenter failure?

I was about to ask the exact same question. Which company shut down their miners? What did I miss? Expected increase was 25% 3 days ago but now it's only 15%.

[wlefever]

Probably older generation miners dropping off to either be replaced or just simply being taken offline due to inneficiencies.

[VirosaGITS]

Probably older generation miners dropping off to either be replaced or just simply being taken offline due to inneficiencies.

10% PH so quick could be older generation but i think it would still be a data center. Nobody has 100PH of S3's in the first place so, i'm wondering why exactly and also. Why now? Why not after the next diff increase? The timing doesnt make that much sense.

[wlefever]

There are many variables as to why it may have dropped off. Power outages, end of leases, complete overhaul, and some could be attributed to variance. At the end of the day we will never know exactly just have to accept it and it's actually for the better so it's all good lol

[adaseb]

Could be a farm that went on fire. The last Thai farm was caused by Arson apparently.

Maybe Bitfury burned down Bitmains farm... or vice versa.

[philipma1957]

Could be a farm that went on fire. The last Thai farm was caused by Arson apparently.

Maybe Bitfury burned down Bitmains farm... or vice versa.

 A Russian raid on Chinese soil or a Chinese raid on Russian soil sounds like a James Bond movie!

Spectre attacks both and Russia and China blame each other

[notlist3d]

Probably older generation miners dropping off to either be replaced or just simply being taken offline due to inneficiencies.

10% PH so quick could be older generation but i think it would still be a data center. Nobody has 100PH of S3's in the first place so, i'm wondering why exactly and also. Why now? Why not after the next diff increase? The timing doesnt make that much sense.

Maybe not S3's but there are a TON of A1 miners in china.  They were pumping them out pretty quick and many brands used A1 chips at one time.

So if they did start pulling A1's off it would make a difference.  If they are doing it ... dont know low price on electricity may still have life on some A1's.

[Brob12321]

Wow I the predicted difficulty has dropped significantly, seems that the majority of picks will be too high unless the price jumps a bit and allows some miners to turn their machines back on.

[vortexz]

next difficulty increase will be very low, you will see
maximum 4%

[RichBC]

So another quiet Day Yesterday, -4% & 138 Blocks. So the run rate for the Period is +13.62% at the moment and is still trending down with +12% or less looking likely.

Rich

[valkir]

I do thinks that the drop in hashrate could be the fact that BW and Bitfury did try all their gear but now are evaluating the price and the diff.
BW could have mine a little bit and will soon start to sell gear.
Hopefully we will see bitfury gear soon 

[philipma1957]

I do thinks that the drop in hashrate could be the fact that BW and Bitfury did try all their gear but now are evaluating the price and the diff.
BW could have mine a little bit and will soon start to sell gear.
Hopefully we will see bitfury gear soon 

Right now price is climbing it is at 415 price on feb 7 was 375

so 375 to 415 = About 10.66%

diff is up About 13.25%

Not so bad.

If price moves to 425 in the next two days  = 13.33%

 and diff stays at 13.25%

 we push or stay even or thread some water.

We miners could use a few like this one.

[d57heinz]

After reading this which could be fud.. http://bitcoinist.net/virtual-currency-issued-by-pboc-will-not-use-blockchain-technology/

Then looking here i find it interesting that its the china pools that all dropped big time. http://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&t=a

Could be that they had all that old tech in super cheap data halls like phil proposed.. cheap power @ around 1 c.. So they could run that old tech now if they brought down their avg of the entire farm.  So if 1/4 farm is old tech and 3/4 new it would avg out to maybe around .3 or .4 watts a gh.. morenew tech you add the more it drops your avg w/ghs.   Then once you get it to so large or maxed out then you either wait till the old machine dies and replace with new or just outright replace it all which is what we might be seeing here..  This drop was the equivalent of all the old tech dropping at once lol.. around 300 ph   Interesting to say the least!

Best Regards
d57heinz

[philipma1957]

After reading this which could be fud.. http://bitcoinist.net/virtual-currency-issued-by-pboc-will-not-use-blockchain-technology/

Then looking here i find it interesting that its the china pools that all dropped big time. http://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&t=a

Could be that they had all that old tech in super cheap data halls like phil proposed.. cheap power @ around 1 c.. So they could run that old tech now if they brought down their avg of the entire farm.  So if 1/4 farm is old tech and 3/4 new it would avg out to maybe around .3 or .4 watts a gh.. morenew tech you add the more it drops your avg w/ghs.   Then once you get it to so large or maxed out then you either wait till the old machine dies and replace with new or just outright replace it all which is what we might be seeing here..  This drop was the equivalent of all the old tech dropping at once lol.. around 300 ph   Interesting to say the least!

Best Regards
d57heinz

Yeah it does look like 150 to 200ph dropped off.

Not sure exactly what they did. One guess is as good as another.

Ghost cities .
Load testing for super dam power plants.
A short term  one cent contract from January 22 to Febuary 14 . But the gear is out there and we could see the jump of 150 to 200 ph any given time.
I clock the sales on their btc addy and they are not selling  1000 s-7s a week more like 800 to 900.

So the next 120-150 days should be all over the place.

[notlist3d]

After reading this which could be fud.. http://bitcoinist.net/virtual-currency-issued-by-pboc-will-not-use-blockchain-technology/

Then looking here i find it interesting that its the china pools that all dropped big time. http://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&t=a

Could be that they had all that old tech in super cheap data halls like phil proposed.. cheap power @ around 1 c.. So they could run that old tech now if they brought down their avg of the entire farm.  So if 1/4 farm is old tech and 3/4 new it would avg out to maybe around .3 or .4 watts a gh.. morenew tech you add the more it drops your avg w/ghs.   Then once you get it to so large or maxed out then you either wait till the old machine dies and replace with new or just outright replace it all which is what we might be seeing here..  This drop was the equivalent of all the old tech dropping at once lol.. around 300 ph   Interesting to say the least!

Best Regards
d57heinz

Yeah it does look like 150 to 200ph dropped off.

Not sure exactly what they did. One guess is as good as another.

Ghost cities .
Load testing for super dam power plants.
A short term  one cent contract from January 22 to Febuary 14 . But the gear is out there and we could see the jump of 150 to 200 ph any given time.
I clock the sales on their btc addy and they are not selling  1000 s-7s a week more like 800 to 900.

So the next 120-150 days should be all over the place.

And the power dam's really are happening one thread I love is haobtc - https://bitcointalk.org/index.php?topic=1072474.0.   I love Eric's pictures showing a different side of mining, it is much less secret then most companies.

But you will see they built near a power dam, which was very smart.  Once can assume they get it pretty cheap on power.  It's hard to tell how many private operation have great deals on electricity.  I wish it was more like public traded companies with open books.  But that chances are will never happen for most as they remain private companies.