A new and improved BTC difficulty thread inclusive of every coin no censorship.

[philipma1957]

Spacer

I have been running difficulty threads for BTC in the BTC mining section.

I have had too many complaints and censorship that I include alt coins in the threads as explanations as to why BTC diff is down.  Rather  than fight against the idea of BTC maximalism I will post here in this thread.

I will not delete other than:

 fuck blow me bitch type posts
 I will kill you posts

All opinions are welcome.

[philipma1957]

Spacer

Yeah  right now if you have an okay amount of gear and want more you are better off doing Newegg shuffle and hoping for a gpu.

For you in the US maybe, for us is a disaster, unless you go for a rx6700 and pay 1200euros you have to settle for 1050ti or an 1660 forgotten on stock, and the prices are hilarious sometimes, the 1050ti goes for 400 euros twice as much as when it was a brand new card.
But unlike in the asics business, Nvidia can produce easily millions of cards unless we see another insane surge in the price of altcoins probably the madness will stop, but god knows, I anticipated a lot of things and none came true

Back to bitcoin...

I wonder if this insane profit margin will fuel the theory of miners helping the overall price by not dumping to pay for electricity and other costs, at these rates you can easily cover the cost with a fraction of the income and not forced to liquidate like in the past.
It's still ~960 daily coins, (last24h) $60 million that are not completely hitting the exchanges....again, speculations, speculations

Yeah. I mine

BTC
ETH
LTC/DOGE
BCH
OCTOPUS
KAPOW

everything is designed on getting more BTC

So gpus on ebay in usa at stupidly high 2x prices  are a bargain compared to s19pros.

so buy a gpu at 2x msrp mine eth convert to cash and btc  is simply far better to do

than buying the s19pro on ebay or at blokforge.  blokforge had some s19pros at 16500. add tax and shipping  I got to just under 18000 for 1 s19pro

it makes 38 cents a th or 110 x 38 = $41.80 it burns 80 kwatts or 4 dollars that is 38 a day or 474 days to break even.  It is pretty loud it is hot. it needs a custom psu.

Which at the cost it is you should order the psu for it  just in case . say 500 more

I went to uk ebay and I see nvidia 3070 gpus for about. £1300 so 10 = £13000 = 17900 usd. tack on 500 for 2 mobos plus etc

and 18500 for the gpus vs 18000 for the s19pro

you get 600 mh or 600 x 19 cent that is 60 usd a day in eth auto vert to btc
power is under 50 kwatts or under 3 a day at 5 cent power
60 usd - 3 = 57 a day

18500/57 = 324 days to break even for 2 five card rigs

18500/38 = 474 days to break even for 1 s19pro and a spare psu


lets see with gpus you may or may not have the warranty since you got them on ebay
the gpus have resale value

the asic you have the crappy warranty service for 6 months.

but roi is 324 days vs 474 days.

this is directly affecting btc hashrate. as resources are diverting to  gpus

https://etherscan.io/chart/hashrate. from 269 nov 17 2020 to 539 apr 13 2021 about 100%

https://www.blockchain.com/charts/hash-rate.   from 126 nov 17  2020 to  169 apr 13 2021  about 34%




remember the chip shortage will force choices on how to expand

I am going to check out merge mining of LTC/DOGE

and see if the hash rate has grown like ETH or like BTC



LTC was 171 on nov 17 2020
LTC is now 288 on apr 14 2021 or about 68% up
Doge was 191 on Nov 17 2020
Doge is now 285 on Apr 15 2021 or up about 49%



So BTC diff nov 2020 to April 2021 + 33%
Doge diff nov 2020 to April 2021 + 49%
LTC diff nov 2020 to April 2021 + 68%
ETH diff nov 2020 to April 2021 +100%

So it looks like a lot of people are doing what I do.

Mining the coins that  gets the most $ per watt

Then convert it to some fiat for bills and some BTC

Now when you look at merge mined LTC/Doge more diff increases than BTC. less than ETH

and the reason is LTC/Doge makes more per watt than an s19pro
but less per watt than gpu rigs.

you can get 2 l3+ for about 1000 usd
so you can get 36 for about 18000 usd

that would be 18gh
it would burn  648 kwatts

earn 112 usd in ltc
earn 96 usd in doge
208 -33 = 175 a day

18,000/175 = 102 days.  this looks best. but that is because doge has jumped to 12-13 cents.

I suspect more growth here except chip short age will slow it.

So when you look at it all.

any of the three are good to mine

but

ETH and or LTC/Doge are clearly more bang for the buck than BTC asics.

It should be interesting to watch this over the next 2-4 months.

~
By applying a simple cumulative distribution function of blocks found between 60 and 120 mins intervals we get
exp(−60/10)−exp(−120/10) =  0.24%, by pure luck you mean great luck? .

You, you...you!  
Now, just read a topic about another mess in China with power failures do toe coal mines accidents, I know some of the guys reading around here are more knowledgeable about the things happening there, how much of that is true?

The difficulty prediction is a mess:

Latest Block:   679522  (10 minutes ago)
Current Pace:   81.4586%  (131 / 160.82 expected, 29.82 behind)
Next Difficulty Change:   between -18.4544% and -2.7668%

fees have hit again 180sat/b min per block, something weird is happening. Ideas?
And no mikeywith, no luck this time  

Please forgive me if posted junk info based on what I saw on cryptothis.

Common bro, don't be like that, makes me feel like an a**!
I was just asking where you got that as obviously since I was watching that at different times than you I got some other numbers, plus I thought the first time the whole retarget was 7% and I was like, whaaat!?!

People are moving gear to BCH. It is up 29%

https://www.viabtc.com/.   check the numbers




say you own a s19pro 110th

so 110th x 0.3713 = 40.843 usd worth of btc

or 110th x 0.4564 = 50.204 usd worth of bch


mine direct to coinbase convert to btc  and you gain 25% rather than mining btc direct.


This is one of the reasons thinking btc only is fine for stacking a coin.  but

what you mine to get that btc needs to be flexible.  and

40 usd a day vs 50 usd a day is a big difference for 1 machine.

https://diff.cryptothis.com/

Latest Block:   679539  (13 minutes ago)

Current Pace:   79.0516%  (148 / 187.22 expected, 39.22 behind)

Previous Difficulty:   23137439666472.05                            
Current Difficulty:   23581981443663.85                            
Next Difficulty:   between 18659038009141 and 22733651728131
Next Difficulty Change:   between -20.8759% and -3.5974%
Previous Retarget:   Yesterday at 3:40 PM  (+1.9213%)
Next Retarget (earliest):   April 30, 2021 at 4:15 AM  (in 13d 5h 23m 24s)
Next Retarget (latest):   May 3, 2021 at 8:42 AM  (in 16d 9h 50m 8s)
Projected Epoch Length:   between 14d 12h 35m 35s and 17d 17h 2m 20s

This would be quite amazing to get a 20% drop and have BTC go to 75K

We can dream.

But I do see

BTC at 37.8 cents a th

BCH at 47.68 cents a th

26.5% better to mine BCH at the Moment.

No idea where he's getting it from, but I wish all this shitcoin crap would go back to the parts of the forum where it belongs.

unfortunately it is directly affecting BTC difficulty.

those numbers are all viabtc payout numbers.

If bitmain only built BTC gear.

I can see your point but they don't.

If bitmain only had BTC cloud I could see you point but they don't

If all other coins did not exist and could not be traded on the same exchanges as BTC I could see your point.

If you truly believe that $$$ per watt is meaningless to BTC difficulty I would agree with you.

But I will give it a rest.

Here is the chart I get for payouts for coins from via btc


at this moment in time eth mining  is the best way to covert power into cash and or btc

with LTC/Doge the second best

Well if power available is being dropped to Chinese Miners.

And they have multiple kinds of gear. But 20 percent less power what do they turn off?


A s19pro burning 3300 watts to make 40 usd

or

a  shit coin asic machine  burning 3300 watts to earn 270 usd.

Both units earn money.

but one earns 6.5 x the  money for the same power.

These are real examples of real gear that does exist .

China is short power.

Btc gear is being shut down.

I as a USA miner may soon see a 23% boost in my btc earnings.

Current Pace:   76.8564%  (282 / 366.92 expected, 84.92 behind)

This current pace number and the difficulty's still going down to the point where even this snapshot is not accurate anymore, so I can only assume farms are still shutting down their BTC gear (the altcoins dump of late did not help either).

Can someone kindly explain to me what these bold numbers are referring to?

sure if we were at 0% diff or flat  we would be at 366 or 367 blocks

since we are -23% we are at 282 blocks about 84 or 85 blocks short.

since bitmain has the largest cloud ops in the world and they now have restricted power availability they have to choose the most profitable miner at watts .

the most profitable gear is not any sha256 know to exist.

so while the s19pro makes money it makes 33 to 35 usd for 3300 watts

there are pieces of gear that make 250 usd for 3300 watts.

if you are bitmain and you are a business you pick the gear that makes the most usd per watt.

so i care fully edited this to not say what gear makes 250 usd for 3300 watts.

but this is why btc diff dropped a lot.

1) a shortage of power in china due to coal
2) bitmain the worlds largest builder of asics choosing to use the gear that earns the most usd per watt
3) bitmain has made three huge cloud mining deals this year.

I get why some want the mining section to be for btc. Not alt coins.

But btc is not in a vacuum  so I am trying to create  a way to incorporate  satoshi's  idea of turning power  into why there are multiple

competing coins. All these coins compete the worlds available power.

The genii is out of the bottle. I am going to open a diff thread in alt coins rather then buck the system here.




link

https://bitcointalk.org/index.php?topic=5331454.msg56812967#msg56812967

[philipma1957]

spacer.

[danieleither]

I didn't dare ask the question in the other thread, so thank you for creating this one. Is it the power shortage in China that is responsible for the huge drop in hashrate OR because people switched over to mining BCH when the earnings were significantly higher than BTC?

[JayDDee]

A thread for BTC mining exclusively has been obsolete since 2014.
Since 2014 BTC is no longer the only large cap coin, sha256d is no longer the only ASIC mineable algorithm,
and many altcoins use the same mining equipment as BTC and face the same issues.

That BTC purity is still strictly enforced is nothing less than elitism, or at the risk of violating Godwin's law,
another kind of "ism".

[philipma1957]

I am not going to reveal all my thoughts about why including all POW  coins in difficulty threads is needed.

I am not going to reveal all my thoughts about why I do not like POS COINS.

BUT  my thoughts on what have happened to BTC diff and other diff  are as follows.

Power is the key asset to turn profit.

So watts per hash per earnings translate into dollar per watt.

SO the biggest miner is bitmain.

They run the most gear

They have asics for LTC/DOGE merged mining
They have asics for BTC and or BCH
They have asics for ETH

They get or build them cheaply however you want to explain it. They get bargain prices for the gear.

All facts


So sell cloud mining for LTC ETH and BTC along with BCH-they do
Make good cheap machines-they do


I believe they have excess

LTC/DOGE asics
BTC+BCH asics
ETH asics

if they can raise coin prices and tamp down difficulty they never need to sell their gear they can mine

lets say 144 x 7.25 = 1044 bitcoins every day new and fees

1024x60000 = 62,640,000 a day in BTC wealth

lets say 144 x 6.25+ 5  = 905 a day in BCH or 905,000 a day in BCH wealth

lets say 5.3 mill x 100 x .09 = 47,700,000 a day in ETH wealth

lets say

6.81 x 302300 = 2,058,663 a day in LTC wealth

14,972,094 x .3 = 4,491,628 a day in LTC wealth


so above is about what is mined today in 1 day for all the coins I mention

it adds to 117.79 million a day x 365 is 42,995,281,215

 42 billion a year in new mining coins.  

Why sell gear when carefully  shifting your excess gear always maxes your wealth per watt.


So they sell gear when mining prices crash.  Look at diff raise like mad in 2018 as prices drop.

This cycle someone on their team has figured out by holding back gear and having excess gear for all the cloud ops they can maneuver pricing of coins.

SO before the diff crash due to the coal shortage.

Eth diff went up higher and higher

BTC was flat or close to flat.  

They used 120% eth for every 100% they needed to pay the eth cloud miners off.

The extra 20%eth  was used to buy btc to pay some of the btc cloud miners. this saved them power cost.   remember all their gear is cheap for them so having 120 machines when they need 100 machines is easy for them.

Now we had a huge drop in power in china due to the coal issues .

You are bitmain you are getting power cut backs from the government.

You shut down some btc and turn on excess eth

here

btc 100% of the cloud gear needed   but you have  130%
ltc  100% of the cloud gear needed  but you have  130%
eth 100% of the cloud gear needed  but you have  130%

they have to do a massive shift to cover the power cuts and it is easy to see the pattern now.

but phil why not sell gear.

here is why. they can make a s19pro for under 2k and get 9k so 7k profit.

sell 10 = 70k
sell 100 = 700k
sell 1000 = 7m
sell 10000 = 70m
sell 100000 = 700m
sell 1000000 = 7b  

lets pretend they sell 1 million and turn 7billion profit


So showed at the top of the post there is about 42billion in coins to be mined.  and 1 million s19 units is
110eh so if they sold that much gear.  the network jumps to 160+110 = 270 eh

their 30% share of mining in the cloud drops to 17%

so 17% of 42 is 7.14 billion in mining with 7 billion in sales = 14 billion

or 30% of 42 = 12.6 billion in mining with 0 in sales seems worse to do what I say .

nope they set preorders 6 to 9 months in advance  sell 200000 miners profit 1.4 billion on them.

and they have up front money same profits by selling 200,000 as they do by selling 1,000,000

Yeah that's why I think BTC diff is not growing and ETH is growing.
along with BTC price doing 3x 2017 price and eth only doing 1.6 x 2017 prices.

It is what it is. Not sure how it shakes out in the long run.

[NotFuzzyWarm]

A thread for BTC mining exclusively has been obsolete since 2014.
Since 2014 BTC is no longer the only large cap coin, sha256d is no longer the only ASIC mineable algorithm,
and many altcoins use the same mining equipment as BTC and face the same issues.<snip>

It's not just a thread - it is an entire section that is BTC only. Frankly, to cut down on noise about the few valid alts and the massive number of truly crap altcoins I for one prefer that the folks running the Forum keep it that way.

@Phil, personally I would have done this topic in the General Discussion or Economics area where discussion of any coin is not only allowed but expected...

[philipma1957]

I didn't dare ask the question in the other thread, so thank you for creating this one. Is it the power shortage in China that is responsible for the huge drop in hashrate OR because people switched over to mining BCH when the earnings were significantly higher than BTC?

more that eth is way way way better at $ per watt.

and with power becoming higher cost pick you best gear.

some that bch was godlike for a few days.

some that ltc/doge was better than bch was.



so if your power cost alters you drop the lessor coins.

@ fuzzy its cool

I have enough arguments in economics when I try to blend all POW  coins  into my watt  to dollar earnings ratio concept.

[JayDDee]

It's not just a thread - it is an entire section that is BTC only. Frankly, to cut down on noise about the few valid alts and the massive number of truly crap altcoins I for one prefer that the folks running the Forum keep it that way.

I agree except for the mining sub-section. Mining is mining, there's no need for segregation.
I've also seen the hostility when someone stumbles onto their turf. There's no need for that either.

I'm just trying to show support for Phil, he doesn't deserve to be chased away like that.

[philipma1957]

It's not just a thread - it is an entire section that is BTC only. Frankly, to cut down on noise about the few valid alts and the massive number of truly crap altcoins I for one prefer that the folks running the Forum keep it that way.

I agree except for the mining sub-section. Mining is mining, there's no need for segregation.
I've also seen the hostility when someone stumbles onto their turf. There's no need for that either.

I'm just trying to show support for Phil, he doesn't deserve to be chased away like that.

I left of my own accord.

It is tough I got here before other coins. No ltc no eth.

basically Nmc and Btc were merged mined on bitminter.

what has happened is there are many well backed coins.


Btc
ltc-doge
eth

are really well back by strong asic gear. and eth is doubly backed by gpus.

I absolutely know that the pow coins interchange as they all work from the idea of turning power into wealth.

I am tired of BTC max guys.
So I left the thread in btc.

Its not a big deal I tried to lead them to more than one favor of pow coin but they like the one.

For me with our farm we have

Btc,bch
ltc-doge
eth.

we have more power than gear ⚙️ so our goal is find cheap gear. and add it.

I do not care what we get as long as it is a good price.

I than juggle mined coins with my stress on

1)btc
2)cash
3) ltc
4) doge
5) eth


I realized if there are 10,20,30% of people here on bitcointalk that only want to talk btc I should let them do it.

This thread is about any pow and how and why its diff moves up down or sideways.

I can’t fit it into Btc section and I won’t do it anymore.

No one has to think I was forced out of that thread and or section.

I will still post in the btc section on other stuff but not about speculation or if it has too many factors for that section to be comfortable with.

I may occasionally post a link to this thread and give a more inclusive idea then what is acceptable for the other section.

[mikeywith]

I didn't dare ask the question in the other thread, so thank you for creating this one. Is it the power shortage in China that is responsible for the huge drop in hashrate OR because people switched over to mining BCH when the earnings were significantly higher than BTC?

Reading this makes me sad, honestly, this is a BTC-related question, I hate to see it asked in the altcoin section.

To answer your question, first of all, the coal mine explosion in China (Xinjiang ) is real, pools reported an average of 25-30% drop in their reported hashrate right after the explosion, the hashrate drop happened to ALL sha256 coins, along with BCH price going up against BTC and what seemed like a larger drop in BCH hashrate compared to BTC percentage-wise, mining BCH was about 25% or more profitable than mining BTC.

More hash power was migrating from BTC which has already lost enough hashrate to other more profitable "back then" coins, which contributed more to the hashrate drop in BTC, but the migrating has a small impact compared to the mine explosion, why do I say so? because more than 30EH was gone from SHA256, all the other Altcoins combined don't make up 5EH of it, so even if they were 100% more profitable only 5EH would have migrated before we reach to an equilibrium of profitability across all SHA256 coins.

These profitability swings happen all time, coins are never equally profitable but usually, the difference isn't worth the switch, but when an altcoin price does 50% to the upside when and if bitcoin has not moved up as much, that coin will be a lot more profitable to mine for as long as the hashrate on that coin doesn't spike to utilize the price increment.

So if you want to catch those spikes it has to be automated, mining pools like Viabtc offer what's called Smart-Mining where they will use your hashrate to mine the most profitable SHA256 coin and then convert your payout to BTC if you set the auto-conversion on, eventually (just like the other day) you end up with 25% more bitcoin mining BCH and converting it to BTC as opposed to directly mining bitcoin.


Phill, sorry about what happened, I know you were not off-topic, I also think the majority of the community would agree to that, I dislike the forks of bitcoin just as much if not more than anyone else, but luckily I am opened minded enough to understand that mining is about profitability and profitability of SHA256 mining takes ALL SHA256 coins into account, the notion of not talking about altcoins profitability and how they affect bitcoin mining difficulty is flawed, it's like saying "don't mention the price of bitcoin in dollars because this is a BTC only section, take the fiat discussion to another section".

[adaseb]

Looking at,
https://fork.lol/pow/retarget

Seems pretty crazy that we got almost another 20 days before a diff retarget and we will see a -40% difficulty reduction.

I remember back after BCH was launched and it was more profitable to mine because BTC had a longer retarget and many miners just switched to BCH. I think it was maybe twice or triple as profitable to mine BCH as BTC. People assumed BTC would die back then since miners would go mine the profitable chain however they still were dedicated to BTC.

So it is true that many miners switch back and forth however the true believers of BTC will never abandon the real coin for profit.

[philipma1957]

Just woke up and Doge is pushing 43 cents.

Soo once again you own a huge cloud op
you build all kinds of asic miners on the cheap.

you need 10000 ltc/doge miners to meet the cloud's contracts but you own 15,000 since you make them cheaply

you need 10000 btc or bch miners to meet the cloud's contracts but you own 15,000 since you make them so cheaply


you need 10000 eth miners to meet the cloud's contracts but you own 15000 since you make them so cheaply




China has shorted you power. 

If you run
10000 ltc/doge
10000 btc+bch
10000 eth

which meets the contracts you do not have the power

but turn off some of the btc+bch miners

and add eth or even ltc/doge now that doge is godlike.

and exchange the excess back to btc you make enough btc to cover the contract and you save power.

last I looked
3300 watt s19pro  makes $39.59 at btc
3300 watt s19pro  makes $42.19 at bch
3300 watt linzhi.   makes $284.85 at eth
3300 watts L3+.  makes  $13.44 LTC and $41.44 at doge a total of $54.88 a day


the first choice is turn off 7 s19pros  and turn on 1 extra eth miner. you save 3300 x 6 = 19800 watts.

now bitmain would be nuts not to juggle the gear
they are also nuts to sell much gear to people right now
there is more profit in their cloud.

How long does this last  I have zero idea.

 But when BTC has the 25% drop locked in.
 If bitmain did what I said they may fire up some btc gear since it will make 1.25 btc vs 1.0 btc for a jump.
 I am very interested to see the next jump and how much will come back on line.


 

[philipma1957]

New day.  More stats

https://diff.cryptothis.com/

Latest Block:   679916  (3 minutes ago)

Current Pace:   75.5483%  (525 / 694.92 expected, 169.92 behind)

Previous Difficulty:   23137439666472.05                            
Current Difficulty:   23581981443663.85                            
Next Difficulty:   between 17820192386380 and 20569147035936
Next Difficulty Change:   between -24.4330% and -12.7760%
Previous Retarget:   last Thursday at 3:40 PM  (+1.9213%)
Next Retarget (earliest):   May 1, 2021 at 4:55 PM  (in 11d 5h 26m 41s)
Next Retarget (latest):   May 4, 2021 at 4:24 AM  (in 13d 16h 55m 42s)
Projected Epoch Length:   between 16d 1h 15m 53s and 18d 12h 44m 54s

Huge drop in BTC hash rate is still there.



look below the payouts for various key high hash rate coins




Okay due to multiple efforts of censorship from Bitcointalk btc mining section along with viabtc leaving out doge profits in the list above the full scope of why  btc has suffered bigly in hashrate is hidden everywhere but this thread.

A) China has reduced available power = Fact

So if you are in China and have excess gear (due to your ability of building it cheaply) or if you took a shot and purchased cheap gear last summer in big amounts. Hoping to make a profit if coins went up.

You certainly scored.  Now China restricts power.  What do you turn off.  You turn off the lowest profit making gear. = BTC

So BTC is still the lowest money maker of the gear on viabtc per watt.

And Eth is still the highest money maker of the gear on viabtc per watt


and lastly LTC/DOGE does very well but viabtc does not show the Doge profits.  Right now Doge makes 3x Ltc.

so ltc is 5.81 and doge is 17.43 or 23.24 for 1500 watts about 51.28 for 3300 watts


So  for 3300 watts

BTC>>>>>>   Makes $ 39.424
BCH>>>>>>.  Makes $ 42.977
BHA>>>>>>.  Makes $ 37.796
BSV>>>>>>.  Makes $ 42.471
LTC/Doge>>>. Makes $ 51.119
ETH>>>>>>> Makes $300.78

and check diff/hash charts which of the above do you think has dropped over 25%

which do you think dropped under 5%

[qctechno_isback]

Don't know if rainy season in China will save the days for those farms.
They probably struggle to relocate ASAP. Look like they holding assets for now.
Market didn't surge with gears for sales.

BTC bull run with ASIC shortage combined with a diff drop it's a wet dream for a miner.
Congrats for those who survived the long bear market and invested while cheap.

Never a boring day in crypto ...

Maximalist need to pop out of their bubble.
Lot's it's happening outside BTC.

[philipma1957]

Don't know if rainy season in China will save the days for those farms.
They probably struggle to relocate ASAP. Look like they holding assets for now.
Market didn't surge with gears for sales.

BTC bull run with ASIC shortage combined with a diff drop it's a wet dream for a miner.
Congrats for those who survived the long bear market and invested while cheap.

Never a boring day in crypto ...

Maximalist need to pop out of their bubble.
Lot's it's happening outside BTC.

well eth diff and hashrate has maintained 98.3% of  its levels

 539 dropped to 530
https://etherscan.io/chart/hashrate

check April 12 a 539 and April 20 a 530


while btc went from 171 on April 12 to  144 on April 19

https://ycharts.com/indicators/bitcoin_network_hash_rate


A drop of almost 20%

It reflects a power shortage in China and faced with the choice of shutting down

btc which makes  40 bucks for 3300 watts
eth which makes 324 bucks for 3300 watts

more btc gets shut down.

The interesting things are how long does the power  short fall exist and does a long term choice of mining eth over btc alter this bull run.

Looks like a miner needs to be able to jump around and have

LTC/DOGE  asic mining gear
SHA asic  mining gear
GPU mining gear.
ETH asic mining gear.

To be able to adjust.

Interesting to think that being a nimble generalist is best for today.

[philipma1957]

Don't know if rainy season in China will save the days for those farms.
They probably struggle to relocate ASAP. Look like they holding assets for now.
Market didn't surge with gears for sales.

BTC bull run with ASIC shortage combined with a diff drop it's a wet dream for a miner.
Congrats for those who survived the long bear market and invested while cheap.

Never a boring day in crypto ...

Maximalist need to pop out of their bubble.
Lot's it's happening outside BTC.

well eth diff and hashrate has maintained 98.3% of  its levels

 539 dropped to 530
https://etherscan.io/chart/hashrate

check April 12 a 539 and April 20 a 530


while btc went from 171 on April 12 to  144 on April 19

https://ycharts.com/indicators/bitcoin_network_hash_rate


A drop of almost 20%

It reflects a power shortage in China and faced with the choice of shutting down

btc which makes  40 bucks for 3300 watts
eth which makes 324 bucks for 3300 watts

more btc gets shut down.

The interesting things are how long does the power  short fall exist and does a long term choice of mining eth over btc alter this bull run.

Looks like a miner needs to be able to jump around and have

LTC/DOGE  asic mining gear
SHA asic  mining gear
GPU mining gear.
ETH asic mining gear.

To be able to adjust.

Interesting to think that being a nimble generalist is best for today.

This morning

eth pays $.1383 per mh

btc pays $0.3763 per th

eth reached an all Time  high in hash rate yesterday.  541,356 gh or. 5,413,560 million nvidia 3080's or 200,502 Linzhi asics

btc is down at 135.983 eh or 1.223 million s19 pros

https://etherscan.io/chart/hashrate I got eth number from here

https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorer I go btc number from here.


now the  s19pro power use is 3300 watts

the Linzhi power use is 3300 watts

they are supposed to be the best gear for btc and eth for power efficiency .

1,223,000/200,502 = 6.09 x 1 factor in power use.

ie the BTC network if it were all s19pros uses 6.09 the power the Eth network uses if it were all Linzhi asics.

some interesting things to take from here are

110 x .3763 = 41.393 pre power earnings for BTC

2700 x .1383 = 373.41 pre power earnings for ETH
 
373.41/41.393 = 9.021 x 1  factor   so right now on a daily basis using 1/6 the power of the BTC network eth is earning

9.021/6.09 = 1.48  x 1 the $$ value

I think this really needs watching when the btc difficulty adjusts it should help the gap a bit but this is a real issue.

[JayJuanGee]

A thread for BTC mining exclusively has been obsolete since 2014.
Since 2014 BTC is no longer the only large cap coin, sha256d is no longer the only ASIC mineable algorithm,
and many altcoins use the same mining equipment as BTC and face the same issues.

That BTC purity is still strictly enforced is nothing less than elitism, or at the risk of violating Godwin's law,
another kind of "ism".

Seems like a wee bit of an exaggeration to be suggesting that BTC threads need to allow the discussion of shitcoins merely because they might somehow relate to BTC in some kind of theoretical way.  

Seems to me that if threads are meant to be about BTC, and in the BTC section, then it tends to be quite problematic to allow those threads to devolve into discussions about mining various shitcoins, even if there might be some abilities to make tangential claims that such shitcoin discussions somehow relate to BTC..

In other words, there is a tendency for a devolution of topics when talking about shitcoins within bitcoin threads, whether talking about mining or referring to other shitcoin topics and trying to make some kind of bitcoin-related claim (that may or may not end up being a legitimate relatedness - still problematic in the devolution of topics sense) or even sometimes the bringing up of such shitcoin related discussions to derail the bitcoin thread.  Yes, it is true that shitcoiners will frequently go to bitcoin threads to bring up their non-relevant topic in order to get attention to their matter because they are having difficulties getting attention in other threads (attraction to having a bigger audience).

I tend to NOT follow very many altcoin threads, but I do agree that over time, Phillip has shown himself to have a decent number of good ideas on a variety of topics and largely reasonable ways of presenting his ideas even though I may often disagree with various points that he makes and feel like I am kind of trolling him from time to time too (and maybe sometimes I might misunderstand some of his points, so it can take a wee bit of back and forth to sort things out), so I am glad that he created this thread, and sure maybe there is some preference to keep this thread as self-moderated (like he did), and I trust him to be relatively light on the deleting of posts, as he stated in OP...

In regards to some of the technicalities of mining or even some of Phillips previously deleted posts in other threads, I don't claim to follow some of those matters, and surely I acknowledge that I might say some pretty stupid-stuff from time to time, but I do watch a few technical threads and I do attempt to glean some better understandings, but as each of us realize there are ONLY so many hours in the day in terms of whether the gist of a topic is presented in a way that might be understandable to a broader audience, beyond the more technically inclined folks.

[Philipma1957cellphone]

Do one will  be deleted other than fuck you blow  bitch style comments or death threats or threats of physical harm.

If a post does do the above I will quote it archive it then delete it.

If a scammor spammer posts I will do same.

I decided a long time ago that I do like pow coins with well backed asics.

As it is why I mine.

I think bitcointalk is suffering for being too old in the minds of many.

I HEAR a lot of boomer type remarks this shows that many think of bitcointalk as an oldie like a boomer.

I do not begrudge anyone that wants to willfully exclude all mining of coins other than btc. Their choice  not mine.

[JayDDee]

Seems like a wee bit of an exaggeration to be suggesting that BTC threads need to allow the discussion of shitcoins merely because they might somehow relate to BTC in some kind of theoretical way.  

I was angry when I posted that and added a little drama. But I was referring specifically to mining,
which is more about the algorithm and the hardware used to mine it. There's technically nothing
about a sha2d miner that limits it to BTC only. It doesn't make sense to me to limit mining discussion
on that basis. It seems like a relic of the days when there were only a few coins.