MoparMiningLLC
aka Stryfe
Legendary
Online
Activity: 2226
Merit: 2376
EIN: 82-3893490
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November 19, 2019, 06:51:55 PM |
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A lot, if not all, of the big farms started when btc price was less than $500/BTC; I think they will remain profitable for some time to come...
btc value is not the issue at hand - profitability is. You state they were profitable when BTC was under $500 that was also when BTC reward was 50 BTC not 25 BTC as BTC was at around $650 when the 2nd halving occurred. Though it was at around $300 about a year before the 2nd halving - if I recall correctly. What I mean is revenue, which will control the profit. However, there is more to revenue than just the BTC value. There is the transaction fees - which could go up and or down, there is the difficulty when it dips the amount of BTC per TH earnings increases and if the difficulty increases the amount of BTC per TH decreases. but as with the prior halvings it has shown that with the decreased issuance of BTC has caused the value of BTC to increase to match the supply/demand of the market. but if the BTC value does not increase accordingly than there has to be some way for the farms to keep the revenue up. One of the things working for that is the increased efficiency of the newer miners. For years the efficiency was around 80J/TH but now with miners getting around 40J/TH - This increase in efficiency will help boost revenue by reducing the cost. There are many factors indeed and farms will work to remain in the green, of that I agree. But if BTC value goes down instead of going up - it will still tax even the best of farms. I should have went more in depth with my thoughts -and I acknowledge that this is my opinion and could be entirely wrong - but as with all speculation, it is just that speculation.
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o_solo_miner
Legendary
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Activity: 2482
Merit: 1482
-> morgen, ist heute, schon gestern <-
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November 19, 2019, 08:43:26 PM |
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пoдcкaжитe мнe гocпoдa-тoвapищи, кaк дoлгo фopмиpyeтcя блoк биткa? и ecли шaнcы eгo взять нa мoeй cкopocти "hashrate1m": "17T", "hashrate5m": "14.8T", "hashrate1hr": "14T", "hashrate1d": "13.7T", "hashrate7d": "12.2T", "lastshare": 1574192977, "workers": 1, "shares": 4310497881, "bestshare": 3528084557.424495, "bestever": 3528084557, "worker": ?
Google translate: "tell me a host of comrades, how long is the cue ball block formed? and if the chances are to take it on my speed" The answer is 42, or to be more prcise, if you got luck statistical spoken: NO
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from the creator of CGMiner http://solo.ckpool.org for Solominers paused: passthrough for solo.ckpool.org => stratum+tcp://rfpool.org:3334
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Epochjump
Member
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Activity: 129
Merit: 51
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November 20, 2019, 03:35:23 AM |
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A lot, if not all, of the big farms started when btc price was less than $500/BTC; I think they will remain profitable for some time to come...
btc value is not the issue at hand - profitability is. You state they were profitable when BTC was under $500 that was also when BTC reward was 50 BTC not 25 BTC as BTC was at around $650 when the 2nd halving occurred. Though it was at around $300 about a year before the 2nd halving - if I recall correctly. What I mean is revenue, which will control the profit. However, there is more to revenue than just the BTC value. There is the transaction fees - which could go up and or down, there is the difficulty when it dips the amount of BTC per TH earnings increases and if the difficulty increases the amount of BTC per TH decreases. but as with the prior halvings it has shown that with the decreased issuance of BTC has caused the value of BTC to increase to match the supply/demand of the market. but if the BTC value does not increase accordingly than there has to be some way for the farms to keep the revenue up. One of the things working for that is the increased efficiency of the newer miners. For years the efficiency was around 80J/TH but now with miners getting around 40J/TH - This increase in efficiency will help boost revenue by reducing the cost. There are many factors indeed and farms will work to remain in the green, of that I agree. But if BTC value goes down instead of going up - it will still tax even the best of farms. I should have went more in depth with my thoughts -and I acknowledge that this is my opinion and could be entirely wrong - but as with all speculation, it is just that speculation. I think you are spot on. Truly the probability of a BTC price drop or flatline into the halving is over 65%. The probability of the Diff rising to flatline is also over 65%. If you're a miner, you better have your house in order prior to the halving. Efficiency up to date and costs dialed down to the lowest possible level. Also, NO DEBT. Institutional money sees the opportunity in sweeping the table on BTC longs and weak miners. Once the bloodletting is in full swing they will strike. Buying up BTC, Cheap Hardware and expanding commercial facilities. This is also my plan.
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jcriss
Jr. Member
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Activity: 171
Merit: 1
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November 21, 2019, 05:33:26 AM |
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Imagine logging onto your antminer s4 and seeing this: 7 blocks found?
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MERCATOX [s (https://mercatox.com?referrer=328710)
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bentoel
Jr. Member
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Activity: 78
Merit: 5
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November 21, 2019, 09:37:16 AM |
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Imagine logging onto your antminer s4 and seeing this: 7 blocks found? but your bestshare just 27,908,683 to solve block you need 12,720,005,267,390 diff BTC now. I thing you found block from 2nd pool = bsod.pw/ ( FxTC Coin)
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jcriss
Jr. Member
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Activity: 171
Merit: 1
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November 21, 2019, 01:04:16 PM Last edit: November 26, 2019, 03:34:09 AM by jcriss |
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Imagine logging onto your antminer s4 and seeing this: 7 blocks found?
but your bestshare just 27,908,683 to solve block you need 12,720,005,267,390 diff BTC now. I thing you found block from 2nd pool = bsod.pw/ ( FxTC Coin) that would be likely what I would have suspected but as you see no shares submitted to that pool.... so that's impossible to have found 7 blocks on BSOD pool.... But would like more input tho
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MERCATOX [s (https://mercatox.com?referrer=328710)
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NotFuzzyWarm
Legendary
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Activity: 3780
Merit: 2681
Evil beware: We have waffles!
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November 21, 2019, 02:04:21 PM |
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Imagine logging onto your antminer s4 and seeing this: 7 blocks found?<snip>
Damn, still running one of them? Talk about a power hungry beast! Definitely the best looking miner BM ever made I still have one of mine from ever so long ago now sitting in storage and donated 2 others to Sidehack that he used to use as heaters. As to the 7 blocks in 4 days -- has to be a bug in the old cgminer software as it is simply not possible. Perhaps it is tied to the diff being astronomically higher these days vs when the s4 was made?
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jcriss
Jr. Member
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Activity: 171
Merit: 1
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November 21, 2019, 02:11:34 PM Last edit: November 21, 2019, 09:24:54 PM by jcriss |
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Imagine logging onto your antminer s4 and seeing this: 7 blocks found?<snip>
Damn, still running one of them? Talk about a power hungry beast! Definitely the best looking miner BM ever made I still have one of mine from ever so long ago now sitting in storage and donated 2 others to Sidehack that he used to use as heaters. lol I heat my garage with it as a space heater is 1800w, the s4 is 1000w and knocks the chill off well! I run it from nov 1st to around march 31st. this is the first time I have ever seen it show foundblocks I have ran it for 3 winters now??? I'm confused maybe CK could explain a little on it tho I know he HATES BM
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MERCATOX [s (https://mercatox.com?referrer=328710)
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jimjam123
Member
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Activity: 452
Merit: 16
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November 21, 2019, 11:29:00 PM |
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I had one of My S9’s with 99 blocks found with CK as the primary. This was a last year or so when there was all of that flooding in China. I really thought i hit a few. Anyway, just a shit coin on the secondary pool... I will try to look for a picture of this, cant seem to find out at the moment.
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kriptokyng
Jr. Member
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Activity: 49
Merit: 2
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November 23, 2019, 12:45:24 AM |
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Wouldn't this be a Block Solved?
LocalWork=21,685,319 Utility=15 WU=6,653 Bestshare=141,911,277 Diff=429 Getworks=2,393 Accepted=34,060 Diff1#=14,584,042 DiffA#=14,568,977 DiffR#=34,219 LSDiff=429
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chillfactr
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November 23, 2019, 12:58:36 AM |
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Wouldn't this be a Block Solved?
LocalWork=21,685,319 Utility=15 WU=6,653 Bestshare=141,911,277 Diff=429 Getworks=2,393 Accepted=34,060 Diff1#=14,584,042 DiffA#=14,568,977 DiffR#=34,219 LSDiff=429
12,973,235,968,799 <------------------------ +1= Block your Bestshare = 141,911,277 12,973,094,057,522 NO!!!!!!
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jimjam123
Member
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Activity: 452
Merit: 16
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November 28, 2019, 01:33:18 AM Merited by frodocooper (3) |
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Going to try my luck again. I will buy a few Ph for a few hours.. Let’s see if i can crack this BTC block thanggg.
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bentoel
Jr. Member
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Activity: 78
Merit: 5
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November 28, 2019, 04:05:08 PM |
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Going to try my luck again. I will buy a few Ph for a few hours.. Let’s see if i can crack this BTC block thanggg.
Good luck dude,,, me too, still wait for big lucky last day my best share : (1,947,366,337) on Difficulty: 12,973,235,968,799
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jimjam123
Member
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Activity: 452
Merit: 16
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November 28, 2019, 08:33:07 PM |
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Going to try my luck again. I will buy a few Ph for a few hours.. Let’s see if i can crack this BTC block thanggg.
Good luck dude,,, me too, still wait for big lucky last day my best share : (1,947,366,337) on Difficulty: 12,973,235,968,799 My best yesterday was "bestever": 93,690,105,216 12,973,235,968,799 At least my best ever goes up for the last few tries... I know, it means nothing,
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jcriss
Jr. Member
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Activity: 171
Merit: 1
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November 29, 2019, 04:28:21 AM |
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Elapsed GH/S(5s) GH/S(avg) FoundBlocks LocalWork Utility WU BestShare 23h53m1s 1,969.32 2,005.98 0 50,513,494 17.50 28,050.90 262278189
Not bad on a reset LOL
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MERCATOX [s (https://mercatox.com?referrer=328710)
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Drgxt
Newbie
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Activity: 6
Merit: 0
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November 30, 2019, 11:12:00 AM |
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Hello. I use solo-mining, but I do not see my worker here http://ckpool.org/#/miners. What could be the problem?
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HagssFIN
Legendary
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Activity: 2464
Merit: 1710
Electrical engineer. Mining since 2014.
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That is not the solo pool website. That is the problem. Solo pool website is http://solo.ckpool.org
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philipma1957
Legendary
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Activity: 4270
Merit: 8648
'The right to privacy matters'
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November 30, 2019, 06:02:37 PM |
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Drgxt
Newbie
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Activity: 6
Merit: 0
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November 30, 2019, 07:08:04 PM |
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Thank you so much. Good luck to all
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