Quote from: OgNasty on Today at 09:07:21 PM

Quote from: philipma1957 on Today at 01:48:08 PM

Quote from: LoyceV on Today at 01:40:06 PM

Quote from: philipma1957 on Today at 01:11:38 PM

if you look below you can see difficulty has basically just gone up since the nov 2021 high go 69 k

My guess is that's because the hashrate per watt went up on newer miners. One way or another, if it wouldn't be worth the running cost, they'd pull the plug.

common sense would say you are correct but that chart shows more mining.

and the efficiency increase do not make up for the price.

ie 69k in nov 2021 with a 30 watts a th machine the diff was under 23t

and 60k in aug 2024 with an 17 watt machine the diff is over 86t

so 86/23 = 3.7x harder to mine a coin

and 30/17 = 1.76x more efficient

so if price really was driven by miners profits it should be 3.7/1.76 = 2.10 x 69k = 145k

or miners should have shut done machines.

There are a lot of hidden angles with mining.

Right now a lot of large companies are gambling that price does moon soon..

Will they be correct ? Or will they eventually quit and shut down?

Ask me at what price I would shut down my solo miner. Hint: there is no price high or low that would effect me running a solo miner. I’m not alone. The next wave of hashrate has a whole lot of lottery players joining the fray and they don’t care about profitability. It’s already a gamble for them. Sure, they’re making up a tiny percentage of the market now, but like ETF buyers who will stack at any point in the cycle reducing the 4-year effect, the new wave of miners won’t be paying attention to price per mined coin.

but how many 100 watt or 200 watt or 300 watt miners are running

avalon on medium speed is 100 watts.

I will run my two until they break. but that is about 210 watts and 7th

even if a million do it it is
7,000,000 th or
7,000. ph or
7. eh

the interesting thing is will we get the 100 million people level doing this.

if we do it could really help btc down the road.