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

[philipma1957]

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.

Yeah I am not much of a BTC max guy.

The brilliance of it all to me is simply pow done via turning power into coins.

Knowing human nature it will result in multiple coins burning power into coins.

To think it is only BTC is a meh idea as it simply is not.

To fight those that want and or believe it is only BTC and nothing else is and was wrong on my part.

I mine.
I turn power into coins.
My bias is BTC but I hold and mine many coins.

Octopus
ETH
KAPOW
LTC/DOGE
BCH
BTC

Every coins above I mine at a  profit so I hedge it all into BTC as much as I can.

I am no more complex than that with my mining.

I also buy gear on PayPal six months to pay zero interest
I sell gear for btc ltc or doge or eth every once in a while.

To say I am a miner first and a reseller second may be wrong some years and right other years. BUT I look to juggle all of it as best I can.

[1714905064]

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[1714905064]

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[1714905064]

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[JayJuanGee]

By the way @phillip, sorry if this has already been asked or addressed, but I just have been attempting to consider the drop in hashrate from a regular "joe blow" miner's perspective and since I am not one of those, I would like to ask such considerable drops in hashrate would be quite wonderful for miners such as yourself who have continued to plod away with their mining, and you had already figured out some decently profitable ways to continue to plod away whether mining shitcoins or continuing to have some of your set up in BTC, and even the BTC portion becomes more profitable (despite the recent price drop) because so many miners go off line or whatever, and you continue to plod away with your varying systems and ongoing assessments regarding which coins are the most profitable in terms of mostly accumulating BTC (paying your bills, too).

And, for someone like you, you might not give any shits about the cause of the drop (except maybe merely attempting to anticipate how long it might last, how low it might go, and anticipating other miner reactions from such sudden drops in BTC hashrate).

Again, hopefully these questions make sense.

[philipma1957]

How long does it continue?

Great question.  Next jump is in about 8 days

https://diff.cryptothis.com/
Latest Block:   680325  (3 minutes ago)

Current Pace:   80.4874%  (934 / 1160.43 expected, 226.43 behind)

Previous Difficulty:   23137439666472.05                           
Current Difficulty:   23581981443663.85                           
Next Difficulty:   between 18983328920589 and 20113133978138
Next Difficulty Change:   between -19.5007% and -14.7097%
Previous Retarget:   April 15, 2021 at 3:40 PM  (+1.9213%)
Next Retarget (earliest):   May 2, 2021 at 1:39 AM  (in 8d 8h 35m 15s)
Next Retarget (latest):   May 3, 2021 at 1:07 AM  (in 9d 8h 3m 6s)
Projected Epoch Length:   between 16d 9h 59m 34s and 17d 9h 27m 24s

 

the bold line shows how many blocks we are off pace. 226 right now.

it was as high as 242.  So to go to 226 means pace is picking up.

Just follow it and if it drifts down over next 7-8 days to 350 or so it means power issues still exist which means cloud mines in china are forced to decide what to do due to lack of power.

[philipma1957]

well bitmain has decided to confirm its godlike asic eth miner.

so it does 3300 mh
it uses 2800 watts

compared to the s19pro it crushes it

as

3300 watts doing 110th in btc is far far far less then bitmains e9

so they will set it for a long preorder and use the cash for months before they release the gear.

this will in turn get innosilicon to maybe send out some of its gear for eth.

[qctechno_isback]

Crypto Mining Forum North America hosted by Bitmain April 22
Very interesting take on the future of mining.

https://www.youtube.com/watch?v=Q1wiDJr-e-Y

https://fork.lol/pow/retarget
Hashrate appear to recover and get back online but we probably enjoy a negatif diff of -3% or -5% for the next adjustment
then up again.

[Philipma1957cellphone]

As of now we are 240 blocks off pace. That is about a -12% drop.

I am guessing  we may only end up dropping 10% and around 200 blocks off pace.

[philipma1957]

well I Gave this thread a rest.

but

https://diff.cryptothis.com/
Latest Block:   684762  (12 minutes ago)
Current Pace:   83.8141%  (1339 / 1597.58 expected, 258.58 behind)
Previous Difficulty:   20608845737768.16                            
Current Difficulty:   25046487590083.27                            
Next Difficulty:   between 20997473129905 and 21387375863933
Next Difficulty Change:   between -16.1660% and -14.6093%
Previous Retarget:   May 13, 2021 at 4:55 AM  (+21.5327%)
Next Retarget (earliest):   Saturday at 2:29 PM  (in 5d 7h 18m 21s)
Next Retarget (latest):   Saturday at 9:48 PM  (in 5d 14h 37m 23s)
Projected Epoch Length:   between 16d 9h 34m 10s and 16d 16h 53m 13s

a lot has happened in the last 25 days

a diff drop of 13%
a huge jump of 20% +
and now a drop pushing 16% is due in 5 or 6 days

of course price dropped to 29k and is back to 36K

but  the Real concern is eth hashrate
it is far more stable and upwards even though it dropped from 4.1k to 1.9k and is back to 2.3k in price

[philipma1957]

So the eth diff dropped more and the btc diff is about to have an all time drop in terms of actual hash

about 22 eh

200 s19pro = 22ph
2000 s19pro = 220ph
20000 s19pro = 2.2eh
200000 s19pro = 22eh

or 400000 s17pro

or 1.6 million s9s

all powered off.

nice drop of 15.9%

will help make up for terrible prices for btc.

[philipma1957]

Updates.. we are now at block

1725 and down  4.3% for BTC about 78 block down

here is a reason other than obvious China crackdown

"Bulk Used Antminer S17 Lot for Sale Immediately
 
1798 units of various S17 model miners freshly repaired by Bitmain are available right now for purchase. They are under warranty by Bitmain for 30 days from the date of shipping. 

The entire lot must be purchased. The price is $40/TH, not including shipping.
 
Total of 124,943TH/s for $4,997,720.00.
 
Batches like this don't come around often. Secure this batch before it's gone!
 
~ Scott"   Note part of a email pitch to buy gear

124 ph off line is about  1/10 of 1% as the network is around 124-135eh

yet we are down 4.3% not .1%

If bitmain has to shut down farms why not list more then the list above?
If it possible they are short repair parts and have a lot of broken gear they can not fix.

We know
s11
s15
s17
s17+
s17e
s17pro
s19pro
t15
t17
t17e
t17+
t19

all use custom psu's

maybe just maybe even Bitmain can't get parts for the psu's it would be funny

oh at 40 bucks th

 100th is 4000 usd
100 th makes 23.30 a day it burns around 84kwatts so 5 cent power is 4.20

23.30-4.20 = 19.10 profit

4000/19.10 = 209 day payoff.


lastly eth hash is 590th up from June 1 584th still off alltime  peak  on may 20 of 643 th

why did eth pick up while btc dropped.

simple in both cases the gear exists

and eth make far more money per watt if you own the gear.

lastly I suspect repair of gpus is more robust than repair of asics at this moment in Time.