⭐ Merited by mikeywith (3)
Looing like >4% increase in difficulty along with a ~9% drop in price. People keep saying this trend can't possibly continue, but then it just keeps going in the same direction...
Profitability is still relatively high though, it's just the gear prices that are out of control. Might just need some actual low profitability time to clean house... maybe a doubling of difficulty at current price or halving in price at current difficulty would get us there.
I don't think costs other than power make up a significant percentage of the total for even relatively small farms...
For a 5MW farm paying $0.05/kwh, that's $182,500 per month for a power bill. That's ~1600 3kw miners that would fit in 5 or 6 shipping containers. They could have several full-time employees and not even hit 5% of the power bill.
Profitability is still relatively high though, it's just the gear prices that are out of control. Might just need some actual low profitability time to clean house... maybe a doubling of difficulty at current price or halving in price at current difficulty would get us there.
I wonder what's the average price at which those companies actually lose money on operations alone.
For the average S19 running at 5 cents per kWh electricity is 25% of the revenue right now, I wonder how much are the other costs, maintenance, security, electricity cost for cooling, and so on assuming a 1k or 5k miner operation.
For the average S19 running at 5 cents per kWh electricity is 25% of the revenue right now, I wonder how much are the other costs, maintenance, security, electricity cost for cooling, and so on assuming a 1k or 5k miner operation.
I don't think costs other than power make up a significant percentage of the total for even relatively small farms...
For a 5MW farm paying $0.05/kwh, that's $182,500 per month for a power bill. That's ~1600 3kw miners that would fit in 5 or 6 shipping containers. They could have several full-time employees and not even hit 5% of the power bill.
very much matching 2018
diff rose jan to oct
price dropped jan to oct
it turned into an over adjustment in that too much diff.
so diif went lower or flatter from oct 2018 for close to a year.
it remains to be seen if this repeats perfectly.