Quote from: philipma1957 on Today at 12:20:51 AM

Quote from: qctechno_isback on April 21, 2021, 10:39:13 AM

Don't know if rainy season in China will save the days for those farms.
They probably struggle to relocate ASAP. Look like they holding assets for now.
Market didn't surge with gears for sales.

BTC bull run with ASIC shortage combined with a diff drop it's a wet dream for a miner.
Congrats for those who survived the long bear market and invested while cheap.

Never a boring day in crypto ...

Maximalist need to pop out of their bubble.
Lot's it's happening outside BTC.

well eth diff and hashrate has maintained 98.3% of its levels

539 dropped to 530
https://etherscan.io/chart/hashrate

check April 12 a 539 and April 20 a 530

while btc went from 171 on April 12 to 144 on April 19

https://ycharts.com/indicators/bitcoin_network_hash_rate

A drop of almost 20%

It reflects a power shortage in China and faced with the choice of shutting down

btc which makes 40 bucks for 3300 watts
eth which makes 324 bucks for 3300 watts

more btc gets shut down.

The interesting things are how long does the power short fall exist and does a long term choice of mining eth over btc alter this bull run.

Looks like a miner needs to be able to jump around and have

LTC/DOGE asic mining gear
SHA asic mining gear
GPU mining gear.
ETH asic mining gear.

To be able to adjust.

Interesting to think that being a nimble generalist is best for today.

This morning

eth pays $.1383 per mh

btc pays $0.3763 per th

eth reached an all Time high in hash rate yesterday. 541,356 gh or. 5,413,560 million nvidia 3080's or 200,502 Linzhi asics

btc is down at 135.983 eh or 1.223 million s19 pros

https://etherscan.io/chart/hashrate I got eth number from here

https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorer I go btc number from here.

now the s19pro power use is 3300 watts

the Linzhi power use is 3300 watts

they are supposed to be the best gear for btc and eth for power efficiency .

1,223,000/200,502 = 6.09 x 1 factor in power use.

ie the BTC network if it were all s19pros uses 6.09 the power the Eth network uses if it were all Linzhi asics.

some interesting things to take from here are

110 x .3763 = 41.393 pre power earnings for BTC

2700 x .1383 = 373.41 pre power earnings for ETH

373.41/41.393 = 9.021 x 1 factor so right now on a daily basis using 1/6 the power of the BTC network eth is earning

9.021/6.09 = 1.48 x 1 the $$ value

I think this really needs watching when the btc difficulty adjusts it should help the gap a bit but this is a real issue.