2023 Diff thread now opened.

[philipma1957]

What if there is a single machine capable of pulling these kind of numbers?

I do wonder what happens outside of the public eye...

One machine is a no go.

But larger machines like 1ph a unit is a yes.

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[NotFuzzyWarm]

What if there is a single machine capable of pulling these kind of numbers?

I do wonder what happens outside of the public eye...

One machine is a no go.
But larger machines like 1ph a unit is a yes.

Aaannnd it looks like Theymos has a really annoying April Fools 'captcha' going. Had to check Meta area to find out WTF was going on...

Anywho, I highly doubt 1ph from one 'miner' per-se is possible. Now a cluster/node of miner modules in a rack fed by 1 controller and one honkin big PSU/PDN, ala Intel's liquid cooled reference setup or Bitmain's hydro doing 1ph or more per rack - sure.

[philipma1957]

What if there is a single machine capable of pulling these kind of numbers?

I do wonder what happens outside of the public eye...

One machine is a no go.
But larger machines like 1ph a unit is a yes.

Aaannnd it looks like Theymos has a really annoying April Fools 'captcha' going. Had to check Meta area to find out WTF was going on...

Anywho, I highly doubt 1ph from one 'miner' per-se is possible. Now a cluster/node of miner modules in a rack fed by 1 controller and one honkin big PSU/PDN, ala Intel's liquid cooled reference setup or Bitmain's hydro doing 1ph or more per rack - sure.

I was thinking of this

https://microbt-whatsminer.com/whatsminer-m53-water-cooling-mining-hardware-and-its-comprehensive-application-examples/


but you are correct the rack setup is not a single miner per sea

[stompix]

Everything quiet on the mining front?   

It does feel weird to only such a slight difference in blocks mien for so long, no jumps, no dumps, just circling around the 1.5%, income per the around 7 cents, no drama , no nothing

Latest Block:   783908  (11 minutes ago)
Current Pace:   101.3758%  (1701 / 1677.92 expected, 23.08 ahead)
Projected Epoch Length:   between 13d 19h 26m 24s and 13d 19h 33m 5s

3exa, that's just 30 000 S19, it does feel strange with price knowing at 30k levels to have only this small rise when we had a 25Exash rise back in January when things were really bleak.

Saw this article the other day:
Bitcoin outperformed majority of mining company stocks in February
Of course, it's February data but running some numbers on YTD there are a few interesting things.

Riot Platforms Inc 9.66 USD +6.29 (186.65%)year to date
Marathon Digital Holdings Inc 8.36 USD  +4.96 (145.88%)year to date
Core Scientific Inc 0.32 USD +0.25 (355.71%)year to date

They all beat BTC (69.42%) in this interval quite handly, is there a new fresh wave of investors thinking mining would soon go back to the insane profits we've seen two years ago? At least it seems like more willing to put money in companies than trying to buy coins or mine themselves?

[philipma1957]

Everything quiet on the mining front?  

It does feel weird to only such a slight difference in blocks mien for so long, no jumps, no dumps, just circling around the 1.5%, income per the around 7 cents, no drama , no nothing

Latest Block:   783908  (11 minutes ago)
Current Pace:   101.3758%  (1701 / 1677.92 expected, 23.08 ahead)
Projected Epoch Length:   between 13d 19h 26m 24s and 13d 19h 33m 5s

3exa, that's just 30 000 S19, it does feel strange with price knowing at 30k levels to have only this small rise when we had a 25Exash rise back in January when things were really bleak.

Saw this article the other day:
Bitcoin outperformed majority of mining company stocks in February
Of course, it's February data but running some numbers on YTD there are a few interesting things.

Riot Platforms Inc 9.66 USD +6.29 (186.65%)year to date
Marathon Digital Holdings Inc 8.36 USD  +4.96 (145.88%)year to date
Core Scientific Inc 0.32 USD +0.25 (355.71%)year to date

They all beat BTC (69.42%) in this interval quite handly, is there a new fresh wave of investors thinking mining would soon go back to the insane profits we've seen two years ago? At least it seems like more willing to put money in companies than trying to buy coins or mine themselves?

Looks decent for this new adjustment price of 28.5k

and 1 to 2 %

https://www.bitrawr.com/difficulty-estimator


Latest Block:   784043  (11 minutes ago)

Current Pace:   101.6308%  (1836 / 1806.54 expected, 29.46 ahead)

Previous Difficulty:   43551722213590.37                            
Current Difficulty:   46843400286276.55                            
Next Difficulty:   between 47614638535239 and 47620939079990
Next Difficulty Change:   between +1.6464% and +1.6599%
Previous Retarget:   March 23, 2023 at 6:11 PM  (+7.5581%)
Next Retarget (earliest):   Tomorrow at 12:48 PM  (in 1d 5h 31m 7s)
Next Retarget (latest):   Tomorrow at 12:50 PM  (in 1d 5h 33m 41s)
Projected Epoch Length:   between 13d 18h 36m 30s and 13d 18h 39m 5s
Copy stats to clipboard



update 2004 down 12 to go about 2%

Latest Block:   784211  (16 minutes ago)

Current Pace:   101.9973%  (2004 / 1964.76 expected, 39.24 ahead)

Previous Difficulty:   43551722213590.37                           
Current Difficulty:   46843400286276.55                           
Next Difficulty:   between 47791520327643 and 47791554601494
Next Difficulty Change:   between +2.0240% and +2.0241%
Previous Retarget:   March 23, 2023 at 6:11 PM  (+7.5581%)
Next Retarget (earliest):   Today at 11:36 AM  (in 0d 1h 57m 39s)
Next Retarget (latest):   Today at 11:36 AM  (in 0d 1h 57m 39s)
Projected Epoch Length:   between 13d 17h 25m 14s and 13d 17h 25m 14s
Copy stats to clipboard

[mikeywith]

3exa, that's just 30 000 S19, it does feel strange with price knowing at 30k levels to have only this small rise when we had a 25Exash rise back in January when things were really bleak.

3exahash is 100mw worth of power assuming the best gears, it not just the number of gears, you need to check the power needed for them to run, 100mw is no freaking joke,  that is a whole turbine or 1/5 of the a whole gas plant according to plants i have seen in my country, it is of course easier to produce in a place like the U.S, but it is certainly not easily doable every 2 weeks when you start wanting 300mw and whatnot.

I think a part of why hashrate kept a high pace is swapping old gears with new, whereby most of the infrastructure was already there, there is almost noway on planet earth one can deploy 25eh from scratch in 2 weeks.

[philipma1957]

3exa, that's just 30 000 S19, it does feel strange with price knowing at 30k levels to have only this small rise when we had a 25Exash rise back in January when things were really bleak.

3exahash is 100mw worth of power assuming the best gears, it not just the number of gears, you need to check the power needed for them to run, 100mw is no freaking joke,  that is a whole turbine or 1/5 of the a whole gas plant according to plants i have seen in my country, it is of course easier to produce in a place like the U.S, but it is certainly not easily doable every 2 weeks when you start wanting 300mw and whatnot.

I think a part of why hashrate kept a high pace is swapping old gears with new, whereby most of the infrastructure was already there, there is almost noway on planet earth one can deploy 25eh from scratch in 2 weeks.

Yeah between power settings and gear swap a large up or down tick is easy.

30,000 100th s19's full speed are 30,000 x 3 = 90,000 kwatts or
30,000 100th s19's low speed are 30,000 x 2 = 60,000 kwatts       so 50% power jump

hash rate top speed is 3.0eh or
hash rate low speed is 2.4eh.    25% hash jump


Here in the USA we do have idle coal plants

I found a list of working plants

https://en.wikipedia.org/wiki/List_of_coal-fired_power_stations_in_the_United_States



found offline plant list

https://en.wikipedia.org/wiki/List_of_decommissioned_coal-fired_power_stations_in_the_United_States#Decommissioned_coal-fired_power_stations



and there are some big ones

the Navajo one in Arizona is 2250 megawatt it was shut down in 2019

for all we know it could be mining right now and simply keeping the power generated for mining on site.

Navajo Native Americans have their own set of laws. Maybe it is a huge mining site.

But even if it was it still takes time to build a mining site.  They could do 500,000 s19's that would be 50eh!

https://en.wikipedia.org/wiki/Navajo_Generating_Station

[Learn Bitcoin]

It seems Like Bitcoin Mining Difficulty Hits Another New All-time High Today.

How do you feel, Phil?

47.0846 T

[philipma1957]

It seems Like Bitcoin Mining Difficulty Hits Another New All-time High Today.

How do you feel, Phil?

47.0846 T

Lucky that an F2 tornado with winds at 120-130 miles per hour missed my house by 2500 feet.

Now with difficulty going up up up and away my mine has grown from a low of 1.2 ph to 2.7 ph

sept 2022 to march 2023

diff went from 31 to 47

so I am keeping up and exceeding the diff growth

also price was 19.8 and is now 28 which is also in my favor.

lastly eth died in sept of 2022 my gpu gear dropped in earns from 9000 to 900

last month gpu earnings have rallied a bit say 1500-1600 a month.

So I am ready for whatever.

no debt
excess power
all seems well

other than a f2 or f3 tornado

[NotFuzzyWarm]

It seems Like Bitcoin Mining Difficulty Hits Another New All-time High Today.
...
47.0846 T

And as has been asked elsewhere 'Another new all time high' for difficulty is newsworthy or cause for concern, why?
Ever since Bitcoin began difficulty has almost always hit a new ATH every epoch. Ja very occasionally it goes down a bit but the main trend is always UP. It's part and parcel of how BTC works...

That said, it certainly does translate to huge number of miners going online...

[philipma1957]

It seems Like Bitcoin Mining Difficulty Hits Another New All-time High Today.
...
47.0846 T

And as has been asked elsewhere 'Another new all time high' is newsworthy or cause for concern, why?
Ever since Bitcoin began difficulty has almost always hit a new ATH every epoch. Ja very occasionally it goes down a bit but the main trend is always UP. It's part and parcel of how BTC works...

That said, it certainly does translate to huge number of miners going online...

I guess 350eh or

350,000 ph or

350,000,000 th or

3,500,000 100th s19 pros pulling near 75kwatts a day which is 262,500,000 kwatts or 262,500 megawatts daily  of which 1.25 megawatt are my solar arrays.

A mere drop in the bucket.


Those power numbers are the daily numbers> for all the miners in the world as compared to my little solar array.


there was a time I mined 1/1000 of the entire network in my garage on a lot of gpus.

I can only dream of what I could have done if I knew what I was doing back in 2012.

[mikeywith]

Here in the USA we do have idle coal plants

I found a list of working plants

https://en.wikipedia.org/wiki/List_of_coal-fired_power_stations_in_the_United_States



found offline plant list

https://en.wikipedia.org/wiki/List_of_decommissioned_coal-fired_power_stations_in_the_United_States#Decommissioned_coal-fired_power_stations

If you check the list of currently working plants you will see that many of them have a retirement date ahead, some should be sitting down in a few months, good luck bringing a 2500mw coal plant back to life in 2023 with all the climate activists in the U.S, let alone, do that for the sole purpose of Bitcoin mining, it's going to be very difficult IMO.

I still think that any considerable hashrate jump will be the result of gear-swapping or using existing excessive power somewhere rather than newly built plants, it will get more and more difficult for hashrate to move the further we go, only a price jump can change that, when it starts making sense to move from S19 to S19 xp hydro or anything that gives 25-35% more hash for the same power, only then we would see those large diff jumps.

[stompix]

If you check the list of currently working plants you will see that many of them have a retirement date ahead, some should be sitting down in a few months, good luck bringing a 2500mw coal plant back to life in 2023 with all the climate activists in the U.S, let alone, do that for the sole purpose of Bitcoin mining, it's going to be very difficult IMO.

Marathon? Hardin Montana?  
But yeah, all the environmental movements will force you to shut down, but to make things worse, just like in Mara's case, they dug the hole themselves, establishing the BMC (Bitcoin Mining Council) and the coming and saying they have clear power than any other industry! It was just asking for trouble. If we exclude the eco-warriors from the equation, restarting those plants might be easier than it seems, at least far easier than in Europe. I don't know what laws the USA has or how they define mothballing there but I've seen it numerous times, they can come back to life pretty fast, so yeah, possible. Unlikely, but doable!

Meanwhile, Bitcoin is pushing through 29k but the diff seems to have calmed down,

Current Pace:   97.9948%  (584 / 595.95 expected, 11.95 behind)

This is.... weird! I won't say manipulation, but still weird. Barely 2% and then negative after 4 days doesn't feel right with a mini bull run.
So uneventful, I miss the drama!!!!

And as has been asked elsewhere 'Another new all time high' is newsworthy or cause for concern, why?

Hihi might be some concern for miners, a streak of 10% would make some spend a few unpleasant hours in front of an Excel sheet.
But for the general public, the network is just more and more secure, also a bit more blocks are being mined than normal so lower fees, everything is going fine.

[mikeywith]

I don't know what laws the USA has or how they define mothballing there but I've seen it numerous times, they can come back to life pretty fast, so yeah, possible. Unlikely, but doable!

The U.S is leading the green world drama contest, it would be a terrible move to bring back a retired 2500MW coal plant, and not to heat homes or put patients on their ventilators, no, just to mine BTC, ya in times like last year were gas and oil prices were pretty high, many so-called green countries paused their love for planet earth and started burning more coal, but it was all done in the name of the "poor people who were going to freeze and die", they got away with that because it's war plus people's lives were at stake, Bitcoin is a different story, you got the climate folks and many politicians wanting to shut down everything mining related, even the farms which run on clean energy, they accuse Bitcoin miners of raising solar panels prices and whatnot, going that deep into coal burning is not going to happen IMO.

Meanwhile, Bitcoin is pushing through 29k but the diff seems to have calmed down,

30k now.

[philipma1957]

https://www.bitrawr.com/difficulty-estimator

Latest Block:   784900  (5 minutes ago)

Current Pace:   97.7993%  (677 / 692.23 expected, 15.23 behind)

Previous Difficulty:   46843400286276.55                            
Current Difficulty:   47887764338536.25                            
Next Difficulty:   between 47080559225932 and 47433273092585
Next Difficulty Change:   between -1.6856% and -0.9491%
Previous Retarget:   last Thursday at 10:57 AM  (+2.2295%)
Next Retarget (earliest):   April 20, 2023 at 3:10 PM  (in 9d 8h 51m 10s)
Next Retarget (latest):   April 20, 2023 at 6:30 PM  (in 9d 12h 11m 18s)
Projected Epoch Length:   between 14d 4h 13m 31s and 14d 7h 33m 38s
Copy stats to clipboard

and we are still over 30k. nice jump to be a miner

8.1 cents a th at viabtc

[stompix]

The U.S is leading the green world drama contest,

Oh no, no! No!
It might lead the pack of countries chasing Germany who has already finished the race, take the medal, and is already on the plane back home!
Germany is closing its last nuclear power plants while it has the most expensive energy only to make things worse and worse, it has no way to balance the insane amount of solar it produces during the day with nothing coming on at night, it opposed pump storage lakes, it opposes hydro energy, and seems like the wind is no longer favorite because it doesn't look nice and...god knows what's the plan next!

At least the US has the capacity to go green, but Germany doesn't have even that and it's pushing like mad towards it. I was laughing hearing in our work group how a co-worker from Munich was telling us that by 2027 it could be done, solar and batteries, enough batteries to power a 1.4 Twh a day consumption with 5 hours of sun on average during the year.

Europe was spared of the bitcoin mining drama because our prices were insane in the first place but if it weren't we would be far worse than the US when it comes to the mining is killing the planet rhetoric.

they accuse Bitcoin miners of raising solar panels prices

For real? Wow!

8.1 cents a th at viabtc

And still the pace is negative, again, weird!

 

[philipma1957]

https://www.bitrawr.com/difficulty-estimator

Latest Block:   785106  (6 minutes ago)

Current Pace:   100.6994%  (883 / 876.87 expected, 6.13 ahead)

Previous Difficulty:   46843400286276.55                           
Current Difficulty:   47887764338536.25                           
Next Difficulty:   between 48252642850812 and 48422976977205
Next Difficulty Change:   between +0.7619% and +1.1176%
Previous Retarget:   last Thursday at 10:57 AM  (+2.2295%)
Next Retarget (earliest):   April 20, 2023 at 8:37 AM  (in 7d 19h 31m 18s)
Next Retarget (latest):   April 20, 2023 at 9:21 AM  (in 7d 20h 15m 31s)
Projected Epoch Length:   between 13d 21h 39m 58s and 13d 22h 24m 12s
Copy stats to clipboard

Pretty good numbers so far.

price is okay 29,964

CPI for march came out

https://www.usatoday.com/story/money/economy/2023/04/12/cpi-inflation-data-today-live-updates/11607115002/

"Consumer prices overall increased 5% from a year earlier, down from 6% in February and a 40-year high of 9.1% last June, according to the Labor Department’s consumer price index.

That’s the smallest annual gain since May 2021.

On a monthly basis, prices edged up just 0.1% following a 0.4% increase in February, resuming a previous downshift."


but core was worse

"But core prices, which exclude volatile food and energy items and capture longer-lasting trends, increased 0.4% from February following a 0.5% bump in the previous month. That pushed up the annual increase from 5.5% to 5.6%.

The report underscores that goods inflation is letting up somewhat as pandemic-induced supply chain snarls resolve and commodity prices fall but the pullback is painfully slow and playing out in fits and starts. Barclays expects annual inflation to drop to 3.3% by the end of the year, above its prior 2.9% forecast."


What will fed do with rate in may

https://www.bloomberg.com/news/articles/2023-04-12/us-core-cpi-rises-firmly-keeping-may-fed-rate-hike-in-play


"US Core Inflation Slows Only a Bit, Keeping Fed on Track to Hike
Excluding food and energy, consumer prices rose 0.4% in March
Traders still largely expect Fed to raise rates again in May"


looks like +0.25 for early may

I think that helps BTC

[philipma1957]

https://www.bitrawr.com/difficulty-estimator

Latest Block:   785523  (4 minutes ago)

Current Pace:   101.3750%  (1300 / 1282.37 expected, 17.63 ahead)

Previous Difficulty:   46843400286276.55                           
Current Difficulty:   47887764338536.25                           
Next Difficulty:   between 48582040439831 and 48683921911148
Next Difficulty Change:   between +1.4498% and +1.6625%
Previous Retarget:   April 6, 2023 at 10:57 AM  (+2.2295%)
Next Retarget (earliest):   Thursday at 6:23 AM  (in 4d 21h 42m 52s)
Next Retarget (latest):   Thursday at 6:58 AM  (in 4d 22h 17m 22s)
Projected Epoch Length:   between 13d 19h 26m 33s and 13d 20h 1m 2s
Copy stats to clipboard

onwards and upwards.

about 4 ½ - 5 days to go

[kano]

Now it's 0.52% with ~4 1/3 days to go.
Random is as random does.

[philipma1957]

https://www.bitrawr.com/difficulty-estimator


Latest Block:   785966  (3 minutes ago)

Current Pace:   101.5140%  (1743 / 1717.00 expected, 26 ahead)

Previous Difficulty:   46843400286276.55                            
Current Difficulty:   47887764338536.25                            
Next Difficulty:   between 48700259344610 and 48715699340976
Next Difficulty Change:   between +1.6967% and +1.7289%
Previous Retarget:   April 6, 2023 at 10:57 AM  (+2.2295%)
Next Retarget (earliest):   Thursday at 5:56 AM  (in 1d 20h 49m 16s)
Next Retarget (latest):   Thursday at 6:01 AM  (in 1d 20h 54m 47s)
Projected Epoch Length:   between 13d 18h 59m 19s and 13d 19h 4m 50s
Copy stats to clipboard

about 44 hours to go and +1.5%

our hash rate is about 352eh
1.5% of that is 5.28 eh

or

5280 ph

or

5280000 th

or

52,800   100 th  s19 pros

using 163.680 megawatts an hour.

Miners still very bullish