Diff thread May 11 to May 24? picks are closed!!.... prize = 0.40 btc

[Cuidler]

Worries me.  I have been studying ETH coin vs BTC coin   or use both as a miner.

All math favors using both not one or the other.

I run 2watts of eth coin  about 220mh  it earns 850 usd a month.  my power is nuts

You mean 2K watts I guess. This is great profit, even after deducting electricity cost. Its much more profitable than mining Bitcoin now. If you had more GPU rigs it would make sence only running these and turn off Bitcoin mining right now, or not? (I assume home miners usually have limited power up to 10K watts, at least I have)

Or why math favors using both and not one or the other when eth is so much more profitable?

[VirosaGITS]

Worries me.  I have been studying ETH coin vs BTC coin   or use both as a miner.

All math favors using both not one or the other.

I run 2watts of eth coin  about 220mh  it earns 850 usd a month.  my power is nuts

You mean 2K watts I guess. This is great profit, even after deducting electricity cost. Its much more profitable than mining Bitcoin now. If you had more GPU rigs it would make sence only running these and turn off Bitcoin mining right now, or not? (I assume home miners usually have limited power up to 10K watts, at least I have)

Or why math favors using both and not one or the other when eth is so much more profitable?

I can tell you what I did. I sold my last gen miners and i'm glad i did, even though i sold them at lost. It was a great move and i already ROI'd everything i bought + covered the "losses" from selling the ASICs.

I kept the S1/S3/S5 to heat the place during the night or on cooler days, since i have the available electricity at the moment and no money to max my capacity on GPU.

Now the thing is, i think Phil has spare electricity with his nice and big back yard solar panel setup, so running the ASIC make sense versus downsizing to GPU if you have the electricity available.

[Biodom]

I can only run 2kw at home, maybe only 1.4 during summer due to hot weather.
S7 are too loud, so they are in hosting, therefore ethereum was a no brainer.
A bit of a learning curve though.
I agree with phil, though, you have to do both if you are interested in crypto mining, etc.

[philipma1957]

Worries me.  I have been studying ETH coin vs BTC coin   or use both as a miner.

All math favors using both not one or the other.

I run 2watts of eth coin  about 220mh  it earns 850 usd a month.  my power is nuts

You mean 2K watts I guess. This is great profit, even after deducting electricity cost. Its much more profitable than mining Bitcoin now. If you had more GPU rigs it would make sence only running these and turn off Bitcoin mining right now, or not? (I assume home miners usually have limited power up to 10K watts, at least I have)

Or why math favors using both and not one or the other when eth is so much more profitable?

My ASIC rigs take next to zero work. I have them in a solar array joint venture.
I provided rigs buysolar provided solar power. The deal is we split the coins.

So my power cost is zero. For 14 th . I provided 28 th.

The gpu gear needs baby sitting it takes work.  I mine them in house in New Jersey power is very high.

12.7 winter take 3 cents for heat so 9.7 cents.

16.7 add 1.3 for cooling so 18 cents in summer.

So I leave the asics alone no work no cost steady money.

I babysit the 5 pcs in house.
And I will sell them as gamer/miner gear in July or August.

[RichBC]

So another negative Day yesterday with -2.08% and 141 Blocks. Today off to a brisk start and I feel some Hash has been added. Period to Date Run Rate, 8 Hours in, has now pulled up to -0.5% and is looking like it will go higher. 


Rich

[philipma1957]

 real time up dates

https://blockchain.info/blocks



412891 (Main Chain)   2016-05-22 12:45:06   current block this jump
                                    


411265 (Main Chain)   2016-05-11 05:37:45   first block this jump

this is :

1627 blocks

time is

11 days             1584 blocks            
 7 hours                42  blocks
10 minutes              1 blocks

that is 1627  blocks

so 1627/1627-1 =   (0.0)

389 blocks left   I suppose we can climb more say 2.5% for top end

we could drop down again so I think the range below all could win   it would be funny if it slips into the 0.3 slot.  Good luck to all.

-2.1  = ATguy
-2.0 = pusttiu
-1.9 = RichBC

-1.6 = pogress

-1.4 = edonkey  nice pick

-1.1 = philipma1957   if it hits I will roll it back in.
-1.0 = Cuidler
-0.9 = cpfreeplz

-0.6 = slastar
-0.4 = wlefever

+0.0 = HerbPean

+0.1 = talks_cheep
+0.2 = topiOleg

+0.4 = alh
+0.5 = indiemax
+0.6 = tlhIlwI
+0.7 = ezeminer
+0.8 = Ab-Soul
+0.9 = usenet
+1.0 = NeuroticFish
+1.1 = petahashminer
+1.2 = Psi
+1.3 = VRobb
+1.4 = blindminer
+1.5 = adaseb
+1.6 = wpt1wpt1
+1.7 = zebedee
+1.8 = Biodom
+1.9 = Mike8
+2.0 = testerman
+2.1 = Kexkey
+2.2 = Erumara
+2.3 = navigatrix
+2.4 = Valkir
+2.5 = Veves1

so

[VRobb]

Someone's kicked on the afterburners again... hash going through the roof! 

[ATguy]

Someone's kicked on the afterburners again... hash going through the roof! 

Lets wait big longer whether its just miners getting really lucky now or real added hashrate to the network. If the hash stays above the blue line for next 2 days, we could end up around +1% for the next difficulty. I would preffer falling bellow blue line tommorow though, suggesting the rise might mean just a good luck rather than added hashrate.

[philipma1957]

Someone's kicked on the afterburners again... hash going through the roof! 

Lets wait big longer whether its just miners getting really lucky now or real added hashrate to the network. If the hash stays above the blue line for next 2 days, we could end up around +1% for the next difficulty. I would preffer falling bellow blue line tommorow though, suggesting the rise might mean just a good luck rather than added hashrate.

It is quite a spike though.  But as you say 2-3 days  will tell what it is.  It looks to me like the mystery 150-200ph has turned on again.

been doing it since  nov 2015.

[Biodom]

It looks to me like the mystery 150-200ph has turned on again.

Or S9 "testing" 

[RichBC]

Someone's kicked on the afterburners again... hash going through the roof!  

Lets wait big longer whether its just miners getting really lucky now or real added hashrate to the network. If the hash stays above the blue line for next 2 days, we could end up around +1% for the next difficulty. I would preffer falling bellow blue line tommorow though, suggesting the rise might mean just a good luck rather than added hashrate.

It is quite a spike though.  But as you say 2-3 days  will tell what it is.  It looks to me like the mystery 150-200ph has turned on again.

been doing it since  nov 2015.

It's also worth remembering that all we have seen is that in the last couple of Hours, Period to Date, we have passed through zero. Which is what you would expect to happen from time to time if no hash had been added or taken away this period......

Rich

[edonkey]

The price is still falling. Maybe that will provide some downward pressure.

Although if Bitmain is already replacing S7s with S9s, and if they are twice as fast, and if this transition explains the recent increase in hash (yes, it's a lot of "ifs"), then the price can fall a lot more before it would slow Bitmain down.

[philipma1957]

 real time up dates

https://blockchain.info/blocks

412986 (Main Chain)   2016-05-23 01:48:23  current block this jump




411265 (Main Chain)   2016-05-11 05:37:45   first block this jump

this is :

1722 blocks

time is

11 days             1584 blocks            
 20 hours             120 blocks
10 minutes              1 blocks

that is 1705  blocks

so 1722/1705-1 =   (+0.997%)

294 blocks left  I suppose we can climb more say 2.5% for top end

we could drop down again so I think the range below all could win   it would be funny if it slips into the 0.3 slot.  Good luck to all.

-2.1  = ATguy
-2.0 = pusttiu
-1.9 = RichBC

-1.6 = pogress

-1.4 = edonkey  nice pick

-1.1 = philipma1957   if it hits I will roll it back in.
-1.0 = Cuidler
-0.9 = cpfreeplz

-0.6 = slastar
-0.4 = wlefever

+0.0 = HerbPean

+0.1 = talks_cheep
+0.2 = topiOleg

+0.4 = alh
+0.5 = indiemax
+0.6 = tlhIlwI
+0.7 = ezeminer
+0.8 = Ab-Soul
+0.9 = usenet
+1.0 = NeuroticFish
+1.1 = petahashminer
+1.2 = Psi
+1.3 = VRobb
+1.4 = blindminer
+1.5 = adaseb
+1.6 = wpt1wpt1
+1.7 = zebedee
+1.8 = Biodom
+1.9 = Mike8
+2.0 = testerman
+2.1 = Kexkey
+2.2 = Erumara
+2.3 = navigatrix
+2.4 = Valkir
+2.5 = Veves1

so maybe we have a winner this time!

[RichBC]

We seem to be headed upwards, Yesterday was a massive +27.28% with 184 Blocks and Today the trend continues. The Period to Date Run Rate, 7 Hours in, is now up to +1.32% but the rate is lifting all the time and if this new trend were to continue we could go as high as +3.5% However I suspect we will pull back at some point so more likely around +2%


Rich

[RichBC]

Oh dear this is beginning to look ugly. Today's high rate, 11 Hours in, is staying very High. I think we could do over 200 Blocks Today and if the rate is maintained we could see +5% this period.... 


Rich

[adaseb]

Just saw a 2.07 KB block with weeks of daily 998KB blocks. Shows how the hash power is really up there.

[philipma1957]

Oh dear this is beginning to look ugly. Today's high rate, 11 Hours in, is staying very High. I think we could do over 200 Blocks Today and if the rate is maintained we could see +5% this period.... 


Rich

variance   not!


It has become really tough when you see just how much firepower they have under wraps.

Well I have my eth mining.

 

[adaseb]

Oh dear this is beginning to look ugly. Today's high rate, 11 Hours in, is staying very High. I think we could do over 200 Blocks Today and if the rate is maintained we could see +5% this period.... 


Rich

variance   not!


It has become really tough when you see just how much firepower they have under wraps.

Well I have my eth mining.

 

Yeah I don't really care since we at least have ETH mining.

[d57heinz]

Oh dear this is beginning to look ugly. Today's high rate, 11 Hours in, is staying very High. I think we could do over 200 Blocks Today and if the rate is maintained we could see +5% this period....  


Rich

variance  not!


It has become really tough when you see just how much firepower they have under wraps.

Well I have my eth mining.

  

havent posted here in a long while but the spike of 500 ph drew my attention.. we sit at over 1.9 exa atm.. this is the push to get all the s7 out after halving.. Thankful for eth.. but damn btc is corporate now.  Not to mention all the developers do is squabble.  i think this coin has some serious problems that will have to be addressed.. but not by the people that have been running it .. Needs some new blood .  

http://bitcoin.sipa.be/speed-lin-10k.png

Best Regards
d57heinz

[edonkey]

That spike is insane. In a couple of days we've gone from a solid negative difficulty to something like 3% positive.

Looks like it will be another roll over...

Up to now I've stayed away from eth mining. Now I'm starting to think about it, if it's not already too late.