It is 2020 time for a new diff thread.

[TheYankeesWin!]

Price is around 9650usd

diff is at -0.25%

383 blocks to go.

So it looks flat.  A nice break for any miner that is standing pat.

https://diff.cryptothis.com/

About 75 days to ½ ing

[1713239833]

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[1713239833]

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[philipma1957]

We dropped about .7%

We are suffering a price drop to 9350

lastly the diff is down right now  over 10% .but it is early

https://diff.cryptothis.com/

BTW  if you look at the 2019 LTC charts  price peaked well before the ½ ing

So I wonder if we see a huge btc price drop  and of course a huge diff drop  and mirror LTC from last year.

LTC peaked June 21 of  2019  at 148 usd

it dropped on July 16 of 2019 to 79 usd  after that crash     the diff dropped from 16.5 million on July 15 2019  to as low  as 4.72 million on Dec  20, 2019

we moved up to 5.97 million as of today.

I was also looking at BCH AND BSV  which can use the same gear as BTC  all three tanked  a bit.

[stompix]

Seems like it starting to grow again, this time after nearly half of the epoch done.

Current Pace:    104.0543%  (915 / 879.35 expected, 35.65 ahead)
Current Pace:    between +2.8164% and +4.0620%

Bitmain and others finally shipping gear after the virus shutdown? Or are they adding gear to their own farm and simply selling contracts through bitdeer, I see a lot of options to buy hash rate on s17, they might be selling s17 hashrate and in reality, they are mining with new gear? Not something out of the ordinary when it comes to bitmain.

[philipma1957]

Yeah  most likely  they have tweaked  their s19 pro to do say 100th and 25watts a th.

they then sell  a bitdeer contract   for 100 th and charge 40 watts a th.

if they charge 6 cents a kwatt   100 th is 4 kwatts   vs true 2.5 kwatts   so 1.5 x 24 = 36 kwatts  at 6 cents =  2.16 per machine  extra profit   each day.

if they sell 1eh it is  21,600 usd extra profit every day.

[mikeywith]

We are at a projected difficulty of

+4.7606% and +5.4877%

I do agree to Bitmain taking a part in this, but i think it's mostly the newbies and the greedy miners who are trying to mine as much as they can before the halving, like everything else, in mining you have a good percentage of "investors" who do things recklessly, those people add a small part to the equation that makes every rational thought inaccurate.

With bitcoin price going lower and lower, we are at nearly -40% from last year's high, the halving is due in 67 days you still see people paying nearly $2000 for an S17+ that due to ship by End of April whereby they will 'supposedly' receive it in May, right at the halving  , with those people in the market, everything can happen, you see difficulty goes up when it should "logically" go down or vice versa because many people get on board with no plan, the good news is they don't last for long, the bad news is more of them will come.

[TheYankeesWin!]

Yeah  some will mine to a fresh address hoping to beat taxes.
So buying 10 s17+ at 1567 each does not worry them.
I do think  most of this jump is bitmain cycling out some lessor gear and dropping in better gear. Or maybe a big farm went online.
A 6% jump is about 7eh
9         s19pros = 1ph
90       s19pros = 10 ph
900     s19pros = 100 ph
9000   s19pros =  1    eh
63000 s19pros =  7    eh

63,000 x 3.3kw = 207900kw or  207.9 megawatts.

This is a lot of gear.  I know a plant was being built in Canada it was supposed to do 300 megawatts.  Maybe  they went on line.

[mikeywith]

Yeah  some will mine to a fresh address hoping to beat taxes.
So buying 10 s17+ at 1567 each does not worry them.

They still have to pay nearly 25% on taxes, no? so this is not 1567$ it is more like $2000 including shipping and handling, and for what? for a gear which they will receive right at the halving where rewards will drop drastically? I am not saying people won't do that, i am only saying it is a bad move, but some might think the opposite.

63,000 x 3.3kw = 207900kw or  207.9 megawatts.

63,000 S19 pro = $189,000,000 assuming they cost $3000 each, that is a lot of money to be invested

[stompix]

Update:

+5.8351% and +6.1692%

Damn, this is why you should archive everything!! Everything!! When I first posted the link the numbers on the % of sold packages were far lower and there were still spots for the s15/t15 (now gone). Of course, it might just be a publicity move to make it like people are buying this and trigger a small FOMO but I'm not doubting they are selling a lot of hashpower to people, and a lot of buys are simply not making sense.

Why, with the halving as close as that as you mentioned with all the risks would you go for a 360 days plan? I will not get it!

One other thing, they are not messing with the quantity they offer. It's 100,200,500 and 1000TH, you want it...20k$ upfront!

If you remember our little debate about home mining and industrial mining, it seems like bitmain (bitdeer) is getting rid even of small home(lol) cloud miners.

This is a lot of gear.  I know a plant was being built in Canada it was supposed to do 300 megawatts.  Maybe  they went on line.

Wasn't that Texas? It got canceled.

[philipma1957]

No there is a 300 mega watt project in  Canada.

Looking for link.

Yeah bitmain is most likely loading up bitdeer contracts like mad.

Early Spring Benefits
Mar 2, 2020 19:00

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Event Time: March 3, 2020, 12 PM ~ March 18, 2020, 12 PM (UTC+8)

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1. Login to your BitDeer account and get the early spring gift bag during the event time.
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3. The gift bag will be automatically issued to your account after login successfully during the event time, don’t forget to check in “My Coupons”.
4. The value is randomly giving out in the gift bag based on the user’s recent activation.

Benefit 2: Computing Power Fee Coupon
1. Purchasing the S17PRO-360D / T17-360D plan during the event, conform to the below rules and win free computing power fee coupons back, up to $4,000.
2.The computing power fee coupon can be used universally and will be issued after the event complete in 30 working days.
3.Rules to win the computing power fee coupon:

Benefit 3: Free Mining Plan
1. New registers enjoy the newcomer offer during the event.
2. Sending an email to support@bitdeer.com with your registered account to redeem the free mining plan（30-Day free trial plan with free computing power fee & Free electricity fee for the first 3 days, the other 27-day electricity fee shall be paid by customers).

BitDeer reserves the right to the final interpretation.

[mikeywith]

[...]

What's even worse is that they are sold out on early-mid April batches of T17+, the new delivery date is 21-30 April, the halving should be around 11th of May, so more than likely those will be delivered AFTER the halving, this is an easy to spot "bad move" but wait for them to be sold out again in no time.

They have also dropped the lousy S9k prices to $63, and they still have the guts to sell it's PSU for $86, and make no mistake they will still sell some at those prices.

If you remember our little debate about home mining and industrial mining, it seems like bitmain (bitdeer) is getting rid even of small home(lol) cloud miners...

I highly doubt that anyone besides "home and newbies" buys these cloud mining contracts anyway, if buying the gear now, mining at home with free power makes no sense at these prices - who would buy a year-long contract?

No there is a 300 mega watt project in  Canada...

Do you mean the one in Quebec ? the news has been going on for nearly a year now, and according to this article it seems like they have canceled the plan.

[stompix]

I highly doubt that anyone besides "home and newbies" buys these cloud mining contracts anyway, if buying the gear now, mining at home with free power makes no sense at these prices - who would buy a year-long contract?

Hihi, yeah I was trying to say something a bit different but I had to use the term "home", to make the comparison. What I was trying to highlight was the price in $, with 20k to put upfront in investment it's not the average Joe they are targeting, so just as home mining with real gear is going to become something impossible for people with median income if we continue like this, it seems cloud mining will also start to be one.

But it's normal, after the fall of the Warsaw Pact every city, every street even every block of flats had an "ISP" provider, now there are only 14 left in the country.
Mining will go the same way.

They have also dropped the lousy S9k prices to $63, and they still have the guts to sell it's PSU for $86, and make no mistake they will still sell some at those prices.

Wow! They are really desperate to sell those things. They went for nearly 1000$ in 2017-2018, if I remember correctly? And how many do they still have, or actually...are those things new? Not advertised like new, new in reality?

Meanwhile:

... between +7.6908% and +7.7264%

With 20 hours to go, 7.5% is certain.

[philipma1957]

Coins at 8700  means 1th drops to 12 cents before power.

if 8700 at the 1/2 ing 1th will make 6 cents.

so a new s19 will earn $6.60 before power.

3300 watts is about 80 kwatts a day.

so a 3 cent guy will pay 2.40 a day

thus the machine makes 4.20 a day

if price stays at the 8700 level there will be blood 🩸 in the water 💧 after the 1/2 ing.

7.5% jump is a lot of gear.

[citronick]

Phil.... BCH using the scenario above will suffer too?

[philipma1957]

yes and BCH 1/2 ing is in 40 days as is BSV

BTC is    $ 0.1347    at  8547 usd      after ½ ing    0.06735
BCH is   $ 0.1314    at    305 usd      after ½ ing    0.06570
BSV is   $ 0.1315    at    217 usd      after ½ ing    0.06575

now BCH and BSV are due on  april  8 and april 10

BTC is Due May 11

gleaned that info from here.  https://explorer.viawallet.com/halving

Since BCH and BSV  come first  we should see a migrating effect giving us a clue or hint  of commitment to those coins. Over BTC.

[citronick]

This looks bleak hopefully short-term ....

... is it a crazy strategy....  to switch to DGB/SHA256 as a backup plan - as far as breaking even on power bill.

[philipma1957]

right now the s17 pro set to low speed does about 37 watts a th

project to 100 th  right now that is

13.18 for btc
12.67 for bch
12.61 for bsv

each day.

the s17 pro set to low uses just about 90 k-watts a day

at 3 cents that is  2.70 a day

13.18- 2.70 = 10.48
12.67- 2.70 =   9.97
12.61- 2.70 =   9.91

bring in the ½ ing you get

6.59   - 2.70 = 3.89
6.335 - 2.70 = 3.635
6.305 - 2.70 = 3.605

4 cent power

6.59   - 3.60 = 2.99
6.335 - 3.60 = 2.735
6.305 - 3.60 = 2.705

these are killer numbers   all gear on the market at 50 watts a th and 5 cent power would be dead

6.59 - 6.00 = 59 cents a day for 100 th that uses 5 kwatts or 120 kwatts a day at 5 cents = 6 in power.

so current price means a huge difficulty drop is coming up  at the ½ ing or not

[stompix]

7.5% jump is a lot of gear.

7.5% is close to 7.5 ExaH/s

Let's assume everything is new

- s19pro it means ~ 68k miners if it's 3000$ then we have 210 million in gear
- s19 simple means ~80k miners, if again rumors of 2500$ again 220 million in gear

This assuming just new gear, no replacement, everything that was old is still in place. At 9K per coin it's 25k BTC, 113k BTC till the halving..

Weird, at least!

[mikeywith]

Hihi, yeah I was trying to say something a bit different but I had to use the term "home", to make the comparison. What I was trying to highlight was the price in $, with 20k to put upfront in investment it's not the average Joe they are targeting...

But 20k is the most expensive package they have to offer, and that is S17pro and 1ph daily for 360 days, they have medium-size packages for an example 100th daily on the S17 pro costs exactly $3867.05 for 360 including electricity, that indeed sounds interesting to many "home miners", heck they even have plans for below $1000 for the "Young average Joe".

... so just as home mining with real gear is going to become something impossible for people with median income if we continue like this, it seems cloud mining will also start to be one.

Sadly, Bitmain will always find their way into "tricking" newbies.  

But it's normal, after the fall of the Warsaw Pact every city, every street even every block of flats had an "ISP" provider, now there are only 14 left in the country. Mining will go the same way.

I agree, the only difference is setting up any business needs a lot of time, planning, paperwork, rent and wife's permission:, however, with mining, it's a little bit different as the average Joe can take $500 from his parents and buy a mining plan that will supposedly make him richer in 360 days.

Wow! They are really desperate to sell those things. They went for nearly 1000$ in 2017-2018, if I remember correctly?

It was more than that, I can't recall the highest price S9 was sold for on their website, but I know it was sold it for as high as $3000 off-bitmain.

And how many do they still have, or actually...are those things new? Not advertised like new, new in reality?

Yes, they are brand new with less than quarter the quality of the old gears at least based on my experience and everyone else that I know, I even had a whole topic advising people not to buy those gears.

[Biffa]

It was more than that, I can't recall the highest price S9 was sold for on their website, but I know it was sold it for as high as $3000 off-bitmain.

I paid $1600 per unit direct from Bitmain in Aug 2016.

[philipma1957]

 Right now coins at 7950 and diff to go up 6.8%


ugg .

Really bad numbers.


About 6 or 7 blocks till the next jump.

Corona-V  has hit the world's economy hard.  Dow Jones  Market is set to drop 1000 point today.

It is a mess.



Bitmain sold s9's as high as 3000 in Dec 2017

S9's sold as high as 4k  on this website.

I did an escrow for them at 3500 a machine.

I may be able to 60 of them if I drive from NJ to Tennesse Next week.  Cost would be really cheap.