Quote from: philipma1957 on August 06, 2024, 03:34:31 PM

Quote from: alh on August 06, 2024, 07:34:26 AM

Quote from: philipma1957 on August 05, 2024, 07:16:28 PM

historic lows per th and the diff actually got a tiny bit worse.

that is fucking very impressive.

............................................

hard to believe no shift in diff with prices at under 54k

maybe tomorrow or the next day

Actually I don't see anything crazy here at all. While there must be folks that are now "underwater" in terms of actual profit from mining, they may well not think it's permanent and see if they can make it up later (with a higher BTC price). Folks that are still "above water" might think they can drive out some weak miners and do better later. They can't adjust the price of BTC, but maybe they can get better transaction rates in the future?

Mining still remains a "queens race" to the bottom in terms of lowest cost for actual delivered hash rate. That means the most efficient hardware, lowest electric rates, stable surrounding government, and stable infrastructure costs and availability.

Eventually something will have to change, but for the next few months, it's all a "game of chicken". BTC is of course the wild card and affects all players pretty much the same way.

From newhedge:

Latest Block:   855666 (4 minutes ago)

Current Pace:   97.8937% (883 / 902.00 expected, 19 behind)

Previous Difficulty:   82047728459932.75
Current Difficulty:   90666502495565.78
Next Difficulty:   between 88758065374132 and 89352103800875
Next Difficulty Change:   between -2.1049% and -1.4497%
Previous Retarget:   last Wednesday at 5:13 AM (+10.5046%)
Next Retarget (earliest):   August 14, 2024 at 10:10 AM (in 7d 22h 36m 46s)
Next Retarget (latest):   August 14, 2024 at 12:27 PM (in 8d 0h 53m 47s)
Projected Epoch Length:   between 14d 4h 56m 46s and 14d 7h 13m 46s

We are at 3.9 cents a th

So s21 200th or $7.80 a day burns 85 maybe 90 kwatts

So 8 cent power is $7.20 cost or maybe break even
7 cent power is $6.30 cost or a small profit
6 cent power is $5.40 cost say 2 buck profit

But not sure how many s21s are on line as compared to

All s19s and t19s are lovers

I know some mines are 3 cent cost

So 100 th x 3.9 cents is $3.90

With 75 kwatts burnt at 3 cents is $2.25 power net 1.65 not counting cooling labor infrastructure

We were over 400 eh before s21 launched

So 400eh is fully kind of fucked

Latest Block:   855782 (16 minutes ago)

Current Pace:   95.3958% (999 / 1047.22 expected, 48.22 behind)

Previous Difficulty:   82047728459932.75
Current Difficulty:   90666502495565.78
Next Difficulty:   between 86493146007596 and 87518322062234
Next Difficulty Change:   between -4.6030% and -3.4723%
Previous Retarget:   July 31, 2024 at 5:13 AM (+10.5046%)
Next Retarget (earliest):   August 14, 2024 at 5:18 PM (in 7d 5h 33m 13s)
Next Retarget (latest):   August 14, 2024 at 9:26 PM (in 7d 9h 40m 50s)
Projected Epoch Length:   between 14d 12h 5m 23s and 14d 16h 13m 0s