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Showing 20 of 41 results by Huxley23
Price does not follow mining activity, the activity follows the price in the long term. One diff adjustment is simply not enough to say that we will go to the moon.
There is a valid argument that even this may be incorrect to a certain extent if you take a look at the hash rate chart from Dec 2017, all the way to today's date, it's فthe exact image (inverted) of the price chart, in other words, price kept going down for months while difficulty kept going up.
It has to do with many factors, gear efficiency, more gamblers entering the game, newbies have no clue about anything and they keep adding more gears to the network, some might even might at loss in the hope for BTC price to go up "which is not the best thing to do IMO", there are many other reasons why mining activities can be almost completely independent of price.
The reason why diff was still increasing after Dec 2017 is the pre-orders that were placed during the time when BTC kept rising (and people establishing mining farms hoping the price will go up). The first major drop in diff came after the drop in price at the end of 2018. (see? price dropped first, then hash-rate followed, not vice-versa). The reason why hashrate doubled after January 2019 is the new-gen mining equipment entering market. When the price peaked at 14,5k people were placing pre-orders for almost 5-6 months (insane), also this is why the diff continued to rise even price was steadily decreasing (new-gen gear was entering the market from pre-orders that were placed when BTC was at 14k). Drop from 10k to 5k in price? hashrate followed and also dropped, but only to a degree that the big farms still remain in profit. The most important part to understand here, is that the huge mining farms (mostly in China) own the network. They are being run as a normal business and they would never run their business in red numbers (thanks to the low price of electricity they get), even though price dropped by 50%, they still remain in profit and are able to continue mining. If price remains sub 7k even after the halving, we will see a major drop in hash-rate.
Although price went sub 6k, hash rate didn't go below Nov and Dec 2019 numbers.
I consider this a bullish sign as Bitcoin miners believe price will go up in the long term. On the short term, we might see more pain as not enough miners have experienced pain. What do you think?
Whole article:
https://medium.com/@collectiveholdings/what-is-bitcoin-mining-and-how-to-profit-from-it-in-2020-659f3bd8a9cc
I consider this a bullish sign as Bitcoin miners believe price will go up in the long term. On the short term, we might see more pain as not enough miners have experienced pain. What do you think?
Whole article:
https://medium.com/@collectiveholdings/what-is-bitcoin-mining-and-how-to-profit-from-it-in-2020-659f3bd8a9cc
Price does not follow mining activity, the activity follows the price in the long term. One diff adjustment is simply not enough to say that we will go to the moon.
Re: SIXTEEN AND A HALF DAYS for this last difficulty reset?!?!? Way late!!!
Pretty sure that most of the miners out there, they just sold their GPUs and left crypto all together. The true and devoted ones are the ones which are either mining at a loss or sold their farms in exchange for some BTC or ETH.
Regarding a price crash? I am pretty sure we bottomed out on the 13th when we hit the low $3k's and ETH hit $80 yearly support. How low are you expecting BTC to go? You won't see $1K BTC anytime soon. Stock market can crash all it wants but most likely BTC will trade sideways.
Regarding a price crash? I am pretty sure we bottomed out on the 13th when we hit the low $3k's and ETH hit $80 yearly support. How low are you expecting BTC to go? You won't see $1K BTC anytime soon. Stock market can crash all it wants but most likely BTC will trade sideways.
It is just your guess that is not supported with any data or reasonable argument. The same way I can say that BTC will go to 0, try to prove me wrong.
Has it ever been established what chips are in these s19's. Is it not possible that these are still 7nm BM1397? Whatsminer is getting 86 th out of the 8nm?
I highly doubt that those are 5nm chips. Just look at the dimensions, it is much larger than the s17, so I believe they put larger amount of 7nm chips and run them on lower voltage (therefore the lower w/TH).
Re: [∞ YH] solo.ckpool.org 1% fee solo mining USA/DE 253 blocks solved!
We have got a few minutes left...
Fingers crossed !
But looks like, we might not hit it this time.
We have still got around 100 days, until btc halving, so weve got some time left to find that block.
Lets go for another round bois, anyways.
1. ailikun 0.015 btc
2. huxley23 0.015 btc
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10.
Fingers crossed !
But looks like, we might not hit it this time.
We have still got around 100 days, until btc halving, so weve got some time left to find that block.
Lets go for another round bois, anyways.
1. ailikun 0.015 btc
2. huxley23 0.015 btc
3.
4.
5.
6.
7.
8.
9.
10.
I will add my own hashrate then...
Re: [∞ YH] solo.ckpool.org 1% fee solo mining USA/DE 253 blocks solved!
1. ailikun 0.015 btc - will transfer later
2. Jimjam123 0.015 btc _ BTC Paid
3. Emkoo 0.015 btc - Paid
4. VRobb 0.015 btc - Paid
5. madmartyk .015 btc Paid
6. mentorbh 0.015 btc
7. Wire Overload 0.015 BTC Paid
8. HagssFIN 0.015 BTC - Paid
9. Katun 0.015 BTC - Paid
10. chillfactr 0.015 btc
Ok, looks like we are good to go.
I will send all the info now, and we will start our solo ride tomorrow same time(if all the funds will be collected by that time).
Ok, we are still waiting for a few pals..
I will have a busy day today, so will try to start our Solo ride, later today.
Or tomorrow, if remaining payments will come too late.
I have about 10PH for this cause. My account is new so I wouldn't expect anything from anyone, but I'd like to put it in with you guys when you get this going, get in on the pie. Just let me know when you guys are going live and I'll point it at the proper wallet address 😬
Sorry guys, I totally missed this round. Would it be still possible for me to join you? I will also contribute with my 900TH hardware.
https://www.reddit.com/r/Ravencoin/comments/dq61sc/the_ravencoin_hardfork_failed_in_removing_asics/
Read an article says that...
You guys have other resources that I can read more abt this
Read an article says that...
You guys have other resources that I can read more abt this
Your link does not work.
Here is one that works for the same article.
https://www.reddit.com/r/Ravencoin/comments/dq61sc/the_ravencoin_hardfork_failed_in_removing_asics/
https://shop.bitmain.com/product/detail?pid=00020191105232959336vlTfrMM206D7
Why pay 3000 euro per machine when I can have 3 machines delivered next week for the same price?
Why pay 3000 euro per machine when I can have 3 machines delivered next week for the same price?
Re: RandomX Benchmarks! https://randomx.monerobenchmarks.info
Been out of the loop for a while and didn't realize that it was also GPU mineable. Looking at the scores it seems to be really CPU friendly.
I got some old single core Sempron and Celeron processors from the Litecoin days, anyone know what speeds you can expect with those ? Seems that the RX series is onpare to the other GPUs like with most other algos.
Regarding the CPU abuse, I think most weren't rented VPS or AWS but these were some infected botnet computers which mined in the background for unsuspecting people. This is actually the reason why they switched the algo originally from the original one that the coin was released in. Wonder how it will perform this time around.
I got some old single core Sempron and Celeron processors from the Litecoin days, anyone know what speeds you can expect with those ? Seems that the RX series is onpare to the other GPUs like with most other algos.
Regarding the CPU abuse, I think most weren't rented VPS or AWS but these were some infected botnet computers which mined in the background for unsuspecting people. This is actually the reason why they switched the algo originally from the original one that the coin was released in. Wonder how it will perform this time around.
Intel(R) Celeron(R) CPU G3930 @ 2.90GHz runs around 400 h/s
Has anyone been able to run rx 5700 on hiveos?
No adequate Linux drivers yet.
thanks
⭐ Merited by frodocooper (2)
I have a similar situation as you. But honestly, I do not see a point in buying a more efficient gear with mined BTC. There is no way, the new gear will ever earn me the same amount of BTC that I had to pay for it. Therefore I am waiting for post halving prices and I might buy some new S17.