Post
Topic
Board Development & Technical Discussion
Re: Ordinals and other non-monetary "use cases" as miner reward on 2140+
by
stompix
on 28/06/2024, 19:40:58 UTC
The drop is about 15% and that's expected because it occurred in each halving until now (see 2020, 2016 ...). It will grow later this year probably.

No, it didn't!  Grin
The halving in 2016 was in July, we had just a 5% drop in August.
The May halving difficulty history looks like this:
Quote
+ 6.88 %, - 15.95 %   , + 5.77 %, + 8.45 %    , + 0.92 %, - 6.00 %,  - 9.29 %, 0.00 %, + 9.89 %
so a bit harder to find a pattern there, oh, the adjustment wasn't on the -15.95 it was on the -6  Grin

I seriously don't understand on what you base your recovery enthusiasms, other than maybe being completely bullish on the price, miners don't care about charts, we care about income per $ spent on electricity, and this I how it looks now:
The best of the gear launched now and available makes you 11$, burns 84kwh and costs 6k,2 years ROI on zero costs.

I was pretty bullish on the growth myself, but the end of Q2 is coming and a lot of contracts will probably expire, only the big guy with dirt-cheap energy will keep on mining.

Also, in terms of network security it's the same in both cases:
300 exahash when the bets gear was the 19 with 100th/3kwh and $5000
600 exahash when the best gear is the s21 with 200th/3kw and priced at $5000

Hashrate without the cost per th/s and the amount protected is a bit meaningless!