2024 Diff thread happy New Years.

[joker_josue]

We may not see much recovery until Nov elections are done .

hodl hodl hodl

I am selling off gpus on eBay and buying coins.

Do you think it won't go up again until the elections?

It's still a good strategy to sell these graphics to buy coins. Are you having success in sales?

[philipma1957]

We may not see much recovery until Nov elections are done .

hodl hodl hodl

I am selling off gpus on eBay and buying coins.

Do you think it won't go up again until the elections?

It's still a good strategy to sell these graphics to buy coins. Are you having success in sales?

Well I had :

41 rtx a4000    
11 rtx a4500
 8 rtx  a5000

I now have :

6 rtx a4000
4 rtx a4500
0 rtx a5000

23 a4000 netted me about 11500 after ebay fees  
 7 a4500 netted me about    5500 after ebay fees
 8 a5000 netted me about    8800 after ebay fees

so about 26,000 in sales.

 I get more than ½ that  as 12 of the a4000's I took the cash to make up for the 12 cards I  gave to my partner in a case

the rtx a4000/a4500/a5000 are considered to be AI cards so they sell at a higher price

than rtx 3070 rtx 3080 rtx 3090 which are the gamer equivalents.

I have 30 plus 3090's which will list for sale once I move the a4000,a4500,a5000 cards

I estimate 20k plus for those 3090's and a few 3090 ti's

For me the price crash on btc is good as I am not mining much at all.

1 L7 and some grin gear along with some Avalon Nano's.

I will end up buying BTC on the cheap.

[philipma1957]

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



Latest Block:   850833  (3 minutes ago)

Current Pace:   85.5568%  (82 / 95.84 expected, 13.84 behind)

Previous Difficulty:   83675262295059.9                             
Current Difficulty:   79495195323031.48                           
Next Difficulty:   between 68816554333924 and 78524113120031
Next Difficulty Change:   between -13.4331% and -1.2216%
Previous Retarget:   Yesterday at 11:10 PM  (-4.9956%)
Next Retarget (earliest):   July 19, 2024 at 3:41 AM  (in 13d 12h 32m 47s)
Next Retarget (latest):   July 21, 2024 at 7:53 AM  (in 15d 16h 44m 51s)
Projected Epoch Length:   between 14d 4h 31m 13s and 16d 8h 43m 17s

well low prices and heat have us very low

-14.443%

[stompix]

Current Pace:   85.5568%  (82 / 95.84 expected, 13.84 behind)

well low prices and heat have us very low
-14.443%
[/quote]

Way too early Phil

Current Pace:   91.5209%  (191 / 208.70 expected, 17.7 behind)

we lost just 4 blocks in 110, so the last day is closer to 6%!

I don't see it dropping by 15% even with the mother of all hurricanes, yup, more than 20% of the hashrate could be affected in Teas but it would have been to be like that for two weeks, and I don't think it's possible to have such a blackout.
Besides, my maybe flawed logic is that if powerlines go down there's no need for curtailing since there is less demand and miners are close to the generation source, so they will have all the power they need while they can't even ask for it!

Viabtc is back 5 cents/ths, it's all about the price now!

[philipma1957]

Latest Block:   850966  (5 minutes ago)


Current Pace:   93.5327%  (215 / 229.87 expected, 14.87 behind)

Previous Difficulty:   83675262295059.9                            
Current Difficulty:   79495195323031.48                            
Next Difficulty:   between 74717475002403 and 78481873346171
Next Difficulty Change:   between -6.0101% and -1.2747%
Previous Retarget:   last Thursday at 11:10 PM  (-4.9956%)
Next Retarget (earliest):   July 19, 2024 at 3:51 AM  (in 12d 14h 22m 48s)
Next Retarget (latest):   July 19, 2024 at 10:24 PM  (in 13d 8h 55m 18s)
Projected Epoch Length:   between 14d 4h 41m 28s and 14d 23h 13m 58s


-6.46%

Price is under 58k

Viabtc is 4.69 cents a th

A s21 costs 2.4cents in power per th if you have 5cent power
A t21 costs  2.6cents in power per th if you have 5cent power
A s19xp cost 3.6.cents in power per th, if you have 5cent power
A s19pro cost 3.8 cents in power per th if you have 5cent power

Very tight margins




Latest Block:   851146  (4 minutes ago)

Current Pace:   99.5932%  (395 / 396.61 expected, 1.61 behind)

Previous Difficulty:   83675262295059.9                             
Current Difficulty:   79495195323031.48                           
Next Difficulty:   between 79395706138183 and 79459999853937
Next Difficulty Change:   between -0.1252% and -0.0443%
Previous Retarget:   last Thursday at 11:10 PM  (-4.9956%)
Next Retarget (earliest):   July 18, 2024 at 11:39 PM  (in 11d 6h 22m 58s)
Next Retarget (latest):   July 19, 2024 at 12:32 AM  (in 11d 7h 16m 12s)
Projected Epoch Length:   between 14d 0h 29m 6s and 14d 1h 22m 20s

[joker_josue]

F2Pool made a very interesting table about the profitability of ASICs.

Without a doubt, some profound changes in mining have to happen soon.


Source: https://x.com/f2pool_official/status/1808821272014713257/photo/1

[stompix]

F2Pool made a very interesting table about the profitability of ASICs.

Without a doubt, some profound changes in mining have to happen soon.
~
Source: https://x.com/f2pool_official/status/1808821272014713257/photo/1

Why choose to show 56, 58, and 60! Do it for 50k! Paint the town red!!!!  

Anyhow, speaking of hydros,
https://shop.bitmain.com/product/detail?pid=00020240522173522667K739304605B3
11 $/T, spot instant shipping and 22J/t ?
I need to do a bit of math but at that price and cheap energy it beats the S21 in ROI terms by far...I suppose!

Diff climbing a bit:

Current Pace:   103.5106%  (661 / 638.58 expected, 22.42 ahead)

And 2 mils are with no power in Texas, seems nothing is affecting datacenters!

[philipma1957]

great chart but it is at 8 cents

would love to see it at:

 7 cents
 6 cents
 5 cents

I suspect most of the big farms are under 8 cents and over 5 cents.

I use 5 as the minimum as pretend power is 3 add infrastructure , breakage , labor at 2 cents , also loan interest

gives you five cents total cost.

a 30 watt 100 th machine earns $4.70 and burns $3.60

this is why a total collapse in mining has not happened.

[joker_josue]

great chart but it is at 8 cents

would love to see it at:

 7 cents
 6 cents
 5 cents

I even looked on their website to see if I could find this graph, but I didn't find anything.

The closest thing I found was this: https://www.f2pool.com/miners
I don't know if it's very different from what other pools present.

[BitcoinSoloMiner]

at what point are large scale miners or even pools manipulating prices in order to stay profitable, do you think this has already happened?

[NotFuzzyWarm]

BTC Price is strictly a matter of supply & demand with what the buyers & sellers are willing to pay or ask for. Miners and pools have nothing to do with it.
edit: Fees of course a whole different matter but biggest issue with them can be when another NFT/Ordinal/Rune spam craze starts driving fees through the roof.

[philipma1957]

at what point are large scale miners or even pools manipulating prices in order to stay profitable, do you think this has already happened?

miners and pools can manipulate fees not prices.

[philipma1957]

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



Latest Block:   851750  (5 minutes ago)

Current Pace:   100.9614%  (999 / 989.49 expected, 9.51 ahead)

Previous Difficulty:   83675262295059.9                            
Current Difficulty:   79495195323031.48                            
Next Difficulty:   between 80130929148626 and 80350273171193
Next Difficulty Change:   between +0.7997% and +1.0756%
Previous Retarget:   July 4, 2024 at 11:10 PM  (-4.9956%)
Next Retarget (earliest):   July 18, 2024 at 7:58 PM  (in 6d 23h 53m 9s)
Next Retarget (latest):   July 18, 2024 at 8:46 PM  (in 7d 0h 42m 0s)
Projected Epoch Length:   between 13d 20h 48m 1s and 13d 21h 36m 52s

decent numbers

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


Latest Block:   852148  (4 minutes ago)

Current Pace:   102.3125%  (1397 / 1365.42 expected, 31.58 ahead)

Previous Difficulty:   83675262295059.9                             
Current Difficulty:   79495195323031.48                           
Next Difficulty:   between 81216695136558 and 81400178091910
Next Difficulty Change:   between +2.1655% and +2.3963%
Previous Retarget:   July 4, 2024 at 11:10 PM  (-4.9956%)
Next Retarget (earliest):   Thursday at 3:34 PM  (in 4d 4h 50m 5s)
Next Retarget (latest):   Thursday at 4:17 PM  (in 4d 5h 33m 3s)
Projected Epoch Length:   between 13d 16h 24m 20s and 13d 17h 7m 17s

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

Latest Block:   852470  (54 minutes ago)

Current Pace:   103.5015%  (1719 / 1660.85 expected, 58.15 ahead)

Previous Difficulty:   83675262295059.9                             
Current Difficulty:   79495195323031.48                           
Next Difficulty:   between 82270374095822 and 82334140426819
Next Difficulty Change:   between +3.4910% and +3.5712%
Previous Retarget:   July 4, 2024 at 11:10 PM  (-4.9956%)
Next Retarget (earliest):   Thursday at 11:48 AM  (in 1d 23h 49m 31s)
Next Retarget (latest):   Thursday at 12:02 PM  (in 2d 0h 4m 19s)
Projected Epoch Length:   between 13d 12h 37m 58s and 13d 12h 52m 47s

price is up to 64.9k and diff is up quite a bit  we could get all of last loss back in this 1 jump

[joker_josue]

price is up to 64.9k and diff is up quite a bit  we could get all of last loss back in this 1 jump

Do you think we will start to see machines being turned on again?
Many people have probably already ended their contracts with electricity companies.

[philipma1957]

price is up to 64.9k and diff is up quite a bit  we could get all of last loss back in this 1 jump

Do you think we will start to see machines being turned on again?
Many people have probably already ended their contracts with electricity companies.

My new contract one year long has a one month penalty if I ask to cancel it.

That would be a certain loss for me. I may risk 3 losing months before I decide to cancel a contract. As I would lose maybe 10% on the contract on a bad month

Ie a 220 a month may net 180-200 on a really bad month. So waiting 3 months is a loss of 60-120. which is better than dropping 220 with a cancel out.

[joker_josue]

My new contract one year long has a one month penalty if I ask to cancel it.

That would be a certain loss for me. I may risk 3 losing months before I decide to cancel a contract. As I would lose maybe 10% on the contract on a bad month

Ie a 220 a month may net 180-200 on a really bad month. So waiting 3 months is a loss of 60-120. which is better than dropping 220 with a cancel out.

It makes perfect sense.
Have you had these months of losses, or even with low profitability, have you managed to remain positive?

[philipma1957]

My new contract one year long has a one month penalty if I ask to cancel it.

That would be a certain loss for me. I may risk 3 losing months before I decide to cancel a contract. As I would lose maybe 10% on the contract on a bad month

Ie a 220 a month may net 180-200 on a really bad month. So waiting 3 months is a loss of 60-120. which is better than dropping 220 with a cancel out.

It makes perfect sense.
Have you had these months of losses, or even with low profitability, have you managed to remain positive?

I am only doing t21's and they have been in profit. My mining footprint is greatly reduced to under 20kwatts from over 200kwatts.

I spend under 700 a month in power and earn around 900 terrible margins but profit none the less.

[joker_josue]

I spend under 700 a month in power and earn around 900 terrible margins but profit none the less.

You have to think that in the end you are collecting BTC, which will most likely be worth much more "tomorrow" than it is today. It's a medium-long term investment! 

[philipma1957]

pretty large + over 3%

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

Latest Block:   852814  (13 minutes ago)
Current Pace:   95.8236%  (47 / 49.05 expected, 2.05 behind)
Previous Difficulty:   79495195323031.48                            
Current Difficulty:   82047728459932.75                            
Next Difficulty:   between 81215197803189 and 82008987577665
Next Difficulty Change:   between -1.0147% and -0.0472%

Previous Retarget:   Today at 12:54 PM  (+3.2109%)

Next Retarget (earliest):   August 1, 2024 at 1:34 PM  (in 13d 16h 30m 0s)
Next Retarget (latest):   August 2, 2024 at 3:32 AM  (in 14d 6h 28m 10s)
Projected Epoch Length:   between 14d 0h 40m 29s and 14d 14h 38m 39s

[philipma1957]

pretty large + over 3%

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

Latest Block:   852814  (13 minutes ago)
Current Pace:   95.8236%  (47 / 49.05 expected, 2.05 behind)
Previous Difficulty:   79495195323031.48                            
Current Difficulty:   82047728459932.75                            
Next Difficulty:   between 81215197803189 and 82008987577665
Next Difficulty Change:   between -1.0147% and -0.0472%

Previous Retarget:   Today at 12:54 PM  (+3.2109%)

Next Retarget (earliest):   August 1, 2024 at 1:34 PM  (in 13d 16h 30m 0s)
Next Retarget (latest):   August 2, 2024 at 3:32 AM  (in 14d 6h 28m 10s)
Projected Epoch Length:   between 14d 0h 40m 29s and 14d 14h 38m 39s

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


Latest Block:   853045  (14 minutes ago)

Current Pace:   106.4294%  (278 / 261.21 expected, 16.79 ahead)

Previous Difficulty:   79495195323031.48                           
Current Difficulty:   82047728459932.75                           
Next Difficulty:   between 83463181059884 and 87849801236607
Next Difficulty Change:   between +1.7252% and +7.0716%
Previous Retarget:   last Thursday at 12:54 PM  (+3.2109%)
Next Retarget (earliest):   July 31, 2024 at 4:36 PM  (in 11d 8h 10m 4s)
Next Retarget (latest):   August 1, 2024 at 7:41 AM  (in 11d 23h 15m 13s)
Projected Epoch Length:   between 13d 3h 42m 8s and 13d 18h 47m 16s

early but price of coin went up to 66.7k and that seems to be moving us back near the ATH for hash