2024 Diff thread happy New Years.

[philipma1957]

https://newhedge.io/terminal/bitcoin/difficulty-estimator




Latest Block:   856798  (35 minutes ago)
Current Pace:   95.8611%  (2015 / 2102.00 expected, 87 behind)
Previous Difficulty:   82047728459932.75                            
Current Difficulty:   90666502495565.78                            
Next Difficulty:   between 86914484155758 and 86914485040729
Next Difficulty Change:   between -4.1383% and -4.1383%
Previous Retarget:   July 31, 2024 at 5:13 AM  (+10.5046%)
Next Retarget (earliest):   Today at 7:43 PM  (in 0d 0h 10m 25s)
Next Retarget (latest):   Today at 7:43 PM  (in 0d 0h 10m 25s)
Projected Epoch Length:   between 14d 14h 30m 25s and 14d 14h 30m 25s

- 4.14%

still waiting on the last block so we are now at -4.20 with a 49 minute gap

[philipma1957]

https://newhedge.io/terminal/bitcoin/difficulty-estimator




Latest Block:   856798  (35 minutes ago)
Current Pace:   95.8611%  (2015 / 2102.00 expected, 87 behind)
Previous Difficulty:   82047728459932.75                            
Current Difficulty:   90666502495565.78                            
Next Difficulty:   between 86914484155758 and 86914485040729
Next Difficulty Change:   between -4.1383% and -4.1383%
Previous Retarget:   July 31, 2024 at 5:13 AM  (+10.5046%)
Next Retarget (earliest):   Today at 7:43 PM  (in 0d 0h 10m 25s)
Next Retarget (latest):   Today at 7:43 PM  (in 0d 0h 10m 25s)
Projected Epoch Length:   between 14d 14h 30m 25s and 14d 14h 30m 25s

- 4.14%

still waiting on the last block so we are now at -4.20 with a 49 minute gap

Final number was -4.18

Latest Block:   856894  (8 minutes ago)

Current Pace:   119.7813%  (95 / 79.31 expected, 15.69 ahead)

Previous Difficulty:   90666502495565.78                            
Current Difficulty:   86871474313761.95                            
Next Difficulty:   between 88256357403015 and 104729239030749
Next Difficulty Change:   between +1.5942% and +20.5565%
Previous Retarget:   Yesterday at 7:54 PM  (-4.1857%)
Next Retarget (earliest):   August 26, 2024 at 12:24 PM  (in 11d 3h 17m 33s)
Next Retarget (latest):   August 28, 2024 at 2:47 PM  (in 13d 5h 40m 30s)
Projected Epoch Length:   between 11d 16h 30m 40s and 13d 18h 53m 37s

and it is way early so we can ignore that we are +20%  LOL

and plus 15 blocks. lets call it good luck  

[joker_josue]

and it is way early so we can ignore that we are +20%  LOL

and plus 15 blocks. lets call it good luck 

But, everything is crazy and machines keep turning on?

Something is escaping us here.

[philipma1957]

and it is way early so we can ignore that we are +20%  LOL

and plus 15 blocks. lets call it good luck 

But, everything is crazy and machines keep turning on?

Something is escaping us here.

could be dumb luck

we will know more in four to five days.

[philipma1957]

from newhedge


Latest Block:   857072  (2 minutes ago)

Current Pace:   105.4387%  (273 / 258.92 expected, 14.08 ahead)

Previous Difficulty:   90666502495565.78                           
Current Difficulty:   86871474313761.95                           
Next Difficulty:   between 88059912512637 and 91776913352758
Next Difficulty Change:   between +1.3680% and +5.6468%
Previous Retarget:   last Wednesday at 7:54 PM  (-4.1857%)
Next Retarget (earliest):   August 28, 2024 at 2:34 AM  (in 11d 11h 30m 56s)
Next Retarget (latest):   August 28, 2024 at 3:31 PM  (in 12d 0h 28m 15s)
Projected Epoch Length:   between 13d 6h 40m 7s and 13d 19h 37m 26s


back to +4.5%

[philipma1957]

From newhedge:


Latest Block:   857913  (8 minutes ago)

Current Pace:   102.2057%  (1114 / 1089.96 expected, 24.04 ahead)

Previous Difficulty:   90666502495565.78                            
Current Difficulty:   86871474313761.95                            
Next Difficulty:   between 88430240175640 and 88829174972412
Next Difficulty Change:   between +1.7943% and +2.2536%
Previous Retarget:   August 14, 2024 at 7:54 PM  (-4.1857%)
Next Retarget (earliest):   Wednesday at 12:39 PM  (in 6d 3h 5m 20s)
Next Retarget (latest):   Wednesday at 2:06 PM  (in 6d 4h 32m 26s)
Projected Epoch Length:   between 13d 16h 44m 55s and 13d 18h 12m 1s


We are just past mid point and plus 2.2%

[Greyhats]

I have a mining question that has been bugging me for a while.

I see on some graphs on newhedge.io they say the epoch is the large period between halvings BUT on the difficulty estimator it shows the epoch as the time between the difficulty adjustments

Are they both epochs, or am I misunderstanding something?

[philipma1957]

I have a mining question that has been bugging me for a while.

I see on some graphs on newhedge.io they say the epoch is the large period between halvings BUT on the difficulty estimator it shows the epoch as the time between the difficulty adjustments

Are they both epochs, or am I misunderstanding something?

by definition :

Inside a blockchain network, an epoch is considered a specific period of time. This period of time is used to specify when specific events in a blockchain network will occur, such as when incentives will be distributed or when a new group of validators will be assigned to validate transactions.


that is  a google search.


so if that is correct there would be many different epochs

[joker_josue]

I have a mining question that has been bugging me for a while.

I see on some graphs on newhedge.io they say the epoch is the large period between halvings BUT on the difficulty estimator it shows the epoch as the time between the difficulty adjustments

Are they both epochs, or am I misunderstanding something?

In reality, an epoch is a period of time, and therefore there are many epochs.
For example, within a year there are 4 seasons (spring, summer, autumn and winter). But, a year can also be called an epoch.

What sometimes happens is that different terms are used to make it easier to identify what type of era is being referred to.

We can call what happens every ~14 days a cycle of difficulty. It is called an epoch, the period between two halvings. But, we can also call reward cycles.

Anyway, same terms, for several different things. What each one means depends on the context.

[alh]

Are Donald Trump's new NFT's on the normal BTC block chain? Do these kind of "releases" push up the costs for the usual BTC exchanges, or is there just not enough in size to tell?

If this too off-topic Phil, just feel free to delete it.

[philipma1957]

Are Donald Trump's new NFT's on the normal BTC block chain? Do these kind of "releases" push up the costs for the usual BTC exchanges, or is there just not enough in size to tell?

If this too off-topic Phil, just feel free to delete it.

It does affect difficulty if there are enough buyers and they are clogging the chain.  Last December was a spectacular high fee month and certainly got people to add gear or overclock gear.

The question remains to be answered can any heavy NFT action start up soon clogging the chain like mad?

[mikeywith]

Are Donald Trump's new NFT's on the normal BTC block chain? Do these kind of "releases" push up the costs for the usual BTC exchanges, or is there just not enough in size to tell?

If this too off-topic Phil, just feel free to delete it.

It does affect difficulty if there are enough buyers and they are clogging the chain.  Last December was a spectacular high fee month and certainly got people to add gear or overclock gear.

The question remains to be answered can any heavy NFT action start up soon clogging the chain like mad?

The way I see it is that the NFT hype is done with, to inscribe an image on the blockchain and hope that people would pay a lot of money for it is probably not going to work again, there should be new things, and most will be a replica of what ETH, I watched a short video of Trump saying good stuff about crypto if he wins, anyone knows what those are (assuming we'd believe he would stick to his words anyway).

I think what could drive BTC transaction fees to something extraordinary for a sustainable period of time would be if large institution settle their final payments on the blockchain, to pay $50 worth for a 5 billion transaction would still be cheap to them and a lot more secure than their average protocol.

[philipma1957]

newhedge.io

Latest Block:   858871  (12 minutes ago)
Current Pace:   122.9932%  (56 / 45.53 expected, 10.47 ahead)
Previous Difficulty:   86871474313761.95                           
Current Difficulty:   89471664776970.77                           
Next Difficulty:   between 90561892723717 and 114669734973647
Next Difficulty Change:   between +1.2185% and +28.1632%
Previous Retarget:   Today at 10:13 AM  (+2.9931%)
Next Retarget (earliest):   September 8, 2024 at 7:24 PM  (in 11d 1h 35m 50s)
Next Retarget (latest):   September 11, 2024 at 6:47 AM  (in 13d 12h 58m 13s)
Projected Epoch Length:   between 11d 9h 11m 8s and 13d 20h 33m 31s

plus 3% and 89.47 diff

so considering that price is not very good hash is freaking huge.

[joker_josue]

plus 3% and 89.47 diff

so considering that price is not very good hash is freaking huge.

It's really starting to get difficult to understand. At this moment the hash should be going down and not going up.
There have to be people mining in the negative or having a lot of free energy.

[philipma1957]

plus 3% and 89.47 diff

so considering that price is not very good hash is freaking huge.

It's really starting to get difficult to understand. At this moment the hash should be going down and not going up.
There have to be people mining in the negative or having a lot of free energy.

no, basically it is big big big miners with low rates

a t21 set to 160th makes about $7.60 a day it burns 75kwatts

so
10 cents it burns $7.50 a day or a 10 cent profit
  9 cents it burns $6.75 a day of a  85 cent profit
  8 cents it burns $6.00 A DAY or a $1.60 profit
  7 cents it burns $5.25 a day or a $2.35 profit

  6 cents it burns $4.50 a day or a $3.10 profit
  5 cents it burns $3.75 a day or a $3.85 profit
  4 cents it  burns  $3.00 a day or a $4.60 profit


so you are watching 4-6 cent miners growing and 7-10 cent miners quitting.

If you can get a rate of 4.5 cents a transformer and a container are under 100k

that is for about 1 megawatt or 270 t21's.

So 100k + 810k = 910k upfront to have 44,550 th which is 4 bucks a unit profit x 270 = 1080 a day

many people will risk the 910k to earn the 1080 a day. 
but you need deep pockets as you could lose.

I do not have 910k to lay out in hopes of a profit.