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Author Topic: The Squeeze is comin! [official thread for panicking]  (Read 1784 times)
Thetaj
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June 20, 2018, 08:33:44 AM
 #1

Since there are so many of these spread all over the place and pretty much 5 more every week. Why not make just 1 thread to house them all?


Soon the boys at 0.1$/kwh is about to get rekt.


Y'all ready fo dees?
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philipma1957
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June 20, 2018, 01:18:53 PM
 #2

Since there are so many of these spread all over the place and pretty much 5 more every week. Why not make just 1 thread to house them all?


Soon the boys at 0.1$/kwh is about to get rekt.


Y'all ready fo dees?

Not the first time we have been at this point.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Thetaj
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June 20, 2018, 03:30:52 PM
 #3

Not the first time we have been at this point.

Probably not the last
fanatic26
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June 20, 2018, 03:40:23 PM
 #4

Whats the point of this useless thread?

Stop buying industrial miners, running them at home, and then complaining about the noise.
rifleman74
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June 20, 2018, 08:05:17 PM
 #5

Not the first time we have been at this point.

Exactly.
philipma1957
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June 20, 2018, 08:10:42 PM
 #6

The pattern  seems to repeat  boom bust boom bust boom bust.

Cheap power and lack of stupidity and you should be all right .

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
rifleman74
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June 20, 2018, 08:24:16 PM
 #7

The pattern  seems to repeat  boom bust boom bust boom bust.

Cheap power and lack of stupidity and you should be all right .

And sometimes mining at a small loss (just like running a business) if you can HODL on.
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June 20, 2018, 10:52:07 PM
Merited by suchmoon (5), BitMaxz (1)
 #8

Yes, when mining goes unprofitable you have options.

Shut the machines down and sell <-- To me that's the worst outcome, not only do you lose future gains, but miners are not worth much at the moment so it's a double loss

Shut the machines down <-- again you are losing future profits, but saving electricity and other upkeep costs

Continue mining at a loss <-- If you're able to sustain this you can sort of look at it as just buying the coin

Look at other SHA256 coins. I have to admit, I've been giving profit switching and merged mining a look. It takes more work, but I've been doing better than just straight BTC

Diversify! At the moment my Masternodes are easily helping to suppliment my physical miners. Obviously ROI applies.

Roll the dice and solo mine as a complete hail mary

Look for ways to be more efficient, using coupons and eBay I am going to sell my most inefficient miners and replace with the most efficient I can afford, thus lowering total wattage used and bumping hashrate a bit

Thetaj
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June 21, 2018, 04:24:19 AM
 #9

Honestly, Solo mining is not that bad. I got a block in 2 weeks.........but it was a BCH tho
stelee68
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June 21, 2018, 01:21:20 PM
 #10

For me, I opted to shut down my miners and wait for further dips.

The bear just got started...

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shminer
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June 21, 2018, 02:44:34 PM
 #11

Honestly, Solo mining is not that bad. I got a block in 2 weeks.........but it was a BCH tho

How many th you have  Shocked
Thetaj
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June 21, 2018, 04:58:12 PM
 #12

How many th you have  Shocked

several PH TH isn't gonna cut it in today's world
Guinsanity
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June 21, 2018, 06:40:51 PM
 #13

Bitcoin Difficulty:   5,077,499,034,879
Estimated Next Difficulty:   5,643,030,517,915 (+11.14%)
Adjust time:   After 1632 Blocks, About 10.3 days
Hashrate(?):   39,993,785,389 GH/s
Block Generation Time(?):   
1 block: 9.1 minutes
3 blocks: 27.1 minutes
6 blocks: 54.3 minutes

Price still on 6700, dif change in June already +17% and a next estimated of +11%.
S9i cheap gear or something that we dont know?
philipma1957
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June 21, 2018, 07:28:48 PM
 #14

Bitcoin Difficulty:   5,077,499,034,879
Estimated Next Difficulty:   5,643,030,517,915 (+11.14%)
Adjust time:   After 1632 Blocks, About 10.3 days
Hashrate(?):   39,993,785,389 GH/s
Block Generation Time(?):   
1 block: 9.1 minutes
3 blocks: 27.1 minutes
6 blocks: 54.3 minutes

Price still on 6700, dif change in June already +17% and a next estimated of +11%.
S9i cheap gear or something that we dont know?

low cost power people are buying tons of low cost s9i's

I escrowed 1000  different bitmain coupons in the last 3 months.

more then 800 sold to one guy.  so 800 x 14th = 11.2ph   the coupons were 200 230 350 mix  lets say they were 250 average  the s9i is about 700 with a psu -250 = 450

at 4 cents 11.2 ph earns 2600 a day  so he is paying off 5 or 6 s9i's a day if he has 4 cent power
at 5 cents 11.2 ph earns 2328 a day  he would be paying off 5 s9i's a day.

we are watching big money low cost power guys stock up.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
sarcheer
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June 22, 2018, 01:01:52 PM
 #15

This is a great time to change out your units for more efficient/powerful ones. I'm slowly upgrading my 741's to the 8's and picking up some T1's. These difficulty increases still suck tho, and it hurts to spend my BTC at such a low exchange rate.

Miners:
DragonMint T1 x 3, Innosilicon T2T, R4 x 2, Avalon 821 x 6, Avalon 741 x 16, Innosilicon A4+, L3+ x 3
philipma1957
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June 22, 2018, 01:07:08 PM
 #16

This is a great time to change out your units for more efficient/powerful ones. I'm slowly upgrading my 741's to the 8's and picking up some T1's. These difficulty increases still suck tho, and it hurts to spend my BTC at such a low exchange rate.

buy btc with cash then spend it

we are down to 6350  I am going to buy 1000 usd in btc today

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Paycheck
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June 23, 2018, 02:17:18 AM
 #17

40 EXAHASH of mining power .... fucking insane.  And the sheer rate at which more miners keep coming online is crazy.  Blokforge has S9s at $700 now, they were over $4000 6 months ago.

Adding even 100 Terahash of mining power to your farm is like throwing a hot dog down a hallway.....

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June 23, 2018, 01:41:43 PM
 #18

Yep, and I think a good number of big(ger) mines is going down \ bankrupt within the next coming months.

They just have to keep dumping (manipulating) the prices further down. The lower the volume the easier.
Right now people just keep buying the Bitmain gear and don't want to see the whole picture.

If they have the guts to pull this trick till the end of this year, the damage will be great.
Remember how hard BTC did go down at the moment the BTC futures where live?
Well, the LTC futures are coming any moment. So do the math...
GOX coins still need to be sold in this low volume dump market...
I guess some more exchanges will get hacked...

In my opinion we only can go one way. But that is what they wanted for this year.

The extreme rise of last year was manipulated (we all know about Tether) and what is happening now is one big game show where a good number of the market needs to brought down.

The are simple to many chickens in the shed right now.
dutchlincoln
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June 24, 2018, 09:23:54 AM
 #19

Yep, and I think a good number of big(ger) mines is going down \ bankrupt within the next coming months.

They just have to keep dumping (manipulating) the prices further down. The lower the volume the easier.
Right now people just keep buying the Bitmain gear and don't want to see the whole picture.

If they have the guts to pull this trick till the end of this year, the damage will be great.
Remember how hard BTC did go down at the moment the BTC futures where live?
Well, the LTC futures are coming any moment. So do the math...
GOX coins still need to be sold in this low volume dump market...
I guess some more exchanges will get hacked...

In my opinion we only can go one way. But that is what they wanted for this year.

The extreme rise of last year was manipulated (we all know about Tether) and what is happening now is one big game show where a good number of the market needs to brought down.

The are simple to many chickens in the shed right now.

yup. Seems a viable explanation...

This chicken is only going to buy more gear, especially when its getting dumped on the market due big boys quitting / bankrupting mining... Smiley
stelee68
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June 26, 2018, 02:09:48 AM
 #20

yup. Seems a viable explanation...

This chicken is only going to buy more gear, especially when its getting dumped on the market due big boys quitting / bankrupting mining... Smiley

Be mindful and do your maths. Your money invested in miners would probably never ROI and better off using the money for miners to buy BTC.

Just my 2 satoshi..

   ⚡⚡ PRiVCY ⚡⚡   ▂▃▅▆█ ✅ PRiVCY (PRIV) is a new PoW/PoS revolutionary privacy project ● ☞ ✅ Best privacy crypto-market! ● █▆▅▃▂
    Own Your Privacy! ─────────────────║ WebsiteGithub  |  Bitcointalk  |  Twitter  |  Discord  |  Explorer ║─────────────────
   ✯✯✯✯✯                 ✈✈✈[Free Airdrop - Starts 9th June]✅[Tor]✈✈✈ ║───────────║ Wallet ➢ ✓ Windows  |  ✓ macOS  |  ✓ Linux
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