What the heck just happened to the hashrate?

[atc1]

This happened.

That's a custom-built Bitcoin mining facility in Hong Kong, with tens of thousand of liquid-cooled ASIC chips.

Umm..that's almost 2 months old.

[1714950012]

1714950012

[1714950012]

1714950012

[1714950012]

1714950012

[1714950012]

1714950012

[empoweoqwj]

This happened.

That's a custom-built Bitcoin mining facility in Hong Kong, with tens of thousand of liquid-cooled ASIC chips.

Umm..that's almost 2 months old.

The immersion cooling doesn't stop the chips from being ancient power-guzzling 128nm lol. Just to repeat, for the last time, the cool new immersion-technology is for the mega new AM chips coming online in March.

[railzand]

snip
This happened.

That's a custom-built Bitcoin mining facility in Hong Kong, with tens of thousand of liquid-cooled ASIC chips.

Umm..that's almost 2 months old.

The immersion cooling doesn't stop the chips from being ancient power-guzzling 128nm lol. Just to repeat, for the last time, the cool new immersion-technology is for the mega new AM chips coming online in March.

cool new lol how long till these are ancient? 18 months? not having a go, just dumbfazzled by the speed of change

[lightfoot]

The immersion cooling doesn't stop the chips from being ancient power-guzzling 128nm lol. Just to repeat, for the last time, the cool new immersion-technology is for the mega new AM chips coming online in March.

So he had investors sink a lot of money into a purpose built datacenter that will make it all back once "new chips" come in "March".

Oh yes, that's going to work out well. :-)

[skuser]

its just you. Its about to explode after the Chinese new year.

Just happening now, about 3 Petahashes added within 3 days...

[Trongersoll]

its just you. Its about to explode after the Chinese new year.

Just happening now, about 3 Petahashes added within 3 days...

That looks more like a variance spike.

[Sonny]

its just you. Its about to explode after the Chinese new year.

Just happening now, about 3 Petahashes added within 3 days...

That looks more like a variance spike.

Give it a few days more, and we'll see 

[oxfardk]

Is it just me, or is the hashrate starting to stagnate a little bit?

Well i think it's just you   just look at the chart by yourself here

[DStrange]

Rule #1 Don't get into Bitcoin mining to make a profit 

Today this rule is definitely working... only half-year ago you would've been wrong

[lightfoot]

Today this rule is definitely working... only half-year ago you would've been wrong

Which is when "everyone" got into Bitcoin mining. It's interesting to contemplate.

C

[Kiwicon]

All these preordered units will be worthless when they actually arrive. Unfortunate for the newbie miners, that ship has sailed.

This is not true. You do not know what the difficulty or exchange rate will be at any given time in the future. You are guessing and presenting your guess as fact.

It is true.

I was considering buying about 75GH/s for about $900 off ebay. If I received them today and mined with them into May I would only be able to get about .74 BTC if difficulty continued to rise at ~23% each 9-10 days. By May 4th difficulty will be just over 20billion. If price stayed the same, I would earn  ~$625 in BTC. This means I would be $275 in the whole and that is not including pool fees exchange fees and most importantly, electricity.

But you say what if BTC goes to $10,00 by May? Well I will have accumulated $7400 minus the $900 on equip plus electricity and fees. Thus netting me just over ~$6300.

Now let's look at what would happen if I spent that $900 on BTC today. I could buy about 1.15 BTC today for $900. If BTC went up to $10,000, my BTC would be worth $11,500. I spent $900 so I would net over $10500 in profit.

Now let say I want to buy a 2TH/s miner from Black Arrow that I won't get until May. The price tag is $5900. At the expected difficulty over 20 billion I would be able to mine .049 BTC per day. It would take 10 days to mine 1/2 a BTC and then the difficulty would adjust against me.  I would lose money if the price stayed the same. If it went to $10k, I would make my money back after 2 weeks of mining. But if I bought $5900 in BTC today, ~7.5 BTC and it goes to $10k  I would profit $69,000 by May.

Mining is not profitable on BTC. Unless you are one of the ASIC mining developer. Then you can stay ahead of the curve by doing the preorder garbage they do.

I do believe it is still possible to profit mining new coins.

Poor man here, low life noob n all. Bought 4 5970s from ebay @ $280 each, bought 4 Pcie motherboards from OP shop for $15 each, paralleling my 2 800W psu's with 2 400w psu's
Total cost= $1400nz
Mining clever, VTC KDC UTC MAX & bit of DOGE inbetween gaps
Converting to LTC then BTC if current price suits .
 Averaging 0.394BTC per WEEK! from $1400nz investment
Hahaha, I is the noob ?   And if it goes tits up, Im pretty sure of getting minimum $600 back from the GPU's
Risk $700nz, Earning $250 p/wk currently (no risk) Need more GPU's

[Newmine]

All these preordered units will be worthless when they actually arrive. Unfortunate for the newbie miners, that ship has sailed.

This is not true. You do not know what the difficulty or exchange rate will be at any given time in the future. You are guessing and presenting your guess as fact.

It is true.

I was considering buying about 75GH/s for about $900 off ebay. If I received them today and mined with them into May I would only be able to get about .74 BTC if difficulty continued to rise at ~23% each 9-10 days. By May 4th difficulty will be just over 20billion. If price stayed the same, I would earn  ~$625 in BTC. This means I would be $275 in the whole and that is not including pool fees exchange fees and most importantly, electricity.

But you say what if BTC goes to $10,00 by May? Well I will have accumulated $7400 minus the $900 on equip plus electricity and fees. Thus netting me just over ~$6300.

Now let's look at what would happen if I spent that $900 on BTC today. I could buy about 1.15 BTC today for $900. If BTC went up to $10,000, my BTC would be worth $11,500. I spent $900 so I would net over $10500 in profit.

Now let say I want to buy a 2TH/s miner from Black Arrow that I won't get until May. The price tag is $5900. At the expected difficulty over 20 billion I would be able to mine .049 BTC per day. It would take 10 days to mine 1/2 a BTC and then the difficulty would adjust against me.  I would lose money if the price stayed the same. If it went to $10k, I would make my money back after 2 weeks of mining. But if I bought $5900 in BTC today, ~7.5 BTC and it goes to $10k  I would profit $69,000 by May.

Mining is not profitable on BTC. Unless you are one of the ASIC mining developer. Then you can stay ahead of the curve by doing the preorder garbage they do.

I do believe it is still possible to profit mining new coins.

Poor man here, low life noob n all. Bought 4 5970s from ebay @ $280 each, bought 4 Pcie motherboards from OP shop for $15 each, paralleling my 2 800W psu's with 2 400w psu's
Total cost= $1400nz
Mining clever, VTC KDC UTC MAX & bit of DOGE inbetween gaps
Converting to LTC then BTC if current price suits .
 Averaging 0.394BTC per WEEK! from $1400nz investment
Hahaha, I is the noob ?   And if it goes tits up, Im pretty sure of getting minimum $600 back from the GPU's
Risk $700nz, Earning $250 p/wk currently (no risk) Need more GPU's

I guess you didn't read this part of my post: "I do believe it is still possible to profit mining new coins".

[samsonn25]

Is it just me, or is the hashrate starting to stagnate a little bit?

no the difficulty it still scheduled to be 100 billion by Christmas.

[InCoinsITrust]

difficulty will rise more, newcomers buying "for fun", big guys are either "testing" their own asics or buying more.

[ujka]

  At bitcoin.sipa.be, 'computation speed growth' chart just got a new y label: -0.5% per day!

[samsonn25]

difficulty will rise more, newcomers buying "for fun", big guys are either "testing" their own asics or buying more.

Its all a big scam. All the manufacturers and big money people are mining weeks and months before the equipment is even released to the public, if ever.   And dont even speak about the pre orders. 

[cyberm]

At bitcoin.sipa.be, 'computation speed growth' chart just got a new y label: -0.5% per day!

http://bitcoin.sipa.be/growth-small-10k.png

let it go doooooown

[Newmine]

At bitcoin.sipa.be, 'computation speed growth' chart just got a new y label: -0.5% per day!

let it go doooooown

if it drops, its because people jumped over to unobtanium with the price spike there.

[ujka]

Or tigercoin ( )
188% vs btc