Minor quibble: A 7% loss followed by a 7% gain is a bit short of "back to even". The more extreme example of a 50% loss requires a 100% gain to "get back to even".

While BTC price is moving in the direction that you suggest, it's still well short at $102K.

For good or for bad, BTC price has recently dropped to $86K. We'll have to see if that is a "blip" or a longer term change.

Might BTC price also play into this? Currently about $96K down from well over $102K.

This makes me think, that the potential tariff's by Trump could really make mining hardware way more expensive. I haven't been paying attention much in the last year, but whatever happened to the Intel SHA256 chips? I assume that other major upheavals within Intel overshadowed their SHA256 efforts and it all just got discarded.

Just so I am clear, an L7 is a Alt-coin miner, right? I am not whining about the mention of an Alt-coin, just trying to understand. Thanks for any additional context or background.

With BTC price on it's current trajectory, I don't think we should expect any decline in difficulty for the remainder of the year.

Since I see BTC price breaking through the $70K barrier, I don't see much reason for big miners to let up on the hash rate "pressure" any time soon.

Are Donald Trump's new NFT's on the normal BTC block chain? Do these kind of "releases" push up the costs for the usual BTC exchanges, or is there just not enough in size to tell?

If this too off-topic Phil, just feel free to delete it.

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.

It seems to me that a $60K BTC price won't support a lot of increase in terms of actual new hash rate. Might "accelerate" the turnover of old gear with newer and more efficient gear, all with an associated fiat price cost to do so.

OK, I have seen a reference to a "bull trap". Can someone explain what that really means and how it works?

Have we now hit a new "All Time High" on BTC price (roughly $72.5K)?

That seems like it will spur mining effort, at least until the halving.

So the summary of the two above comments and some rough math, the s19j for $3473 will produce in revenue about $11.35 per day. If you have "free" electricity, if this were to continue, your miner would be paid off in about 306 days. The next halving will happen during those 300 days, so it will obviously extend past 306 days.

Is this summary reasonably accurate?

In terms of dollars, some of these changes seem less impressive. BTC price has slipped to $39,978.

While I appreciate those folks that have researched and considered what the next halving might look like based on 2020, I would urge caution in doing so. The COVID pandemic disrupted most of the planet in terms of supply chains, shipping, and overall economic activity. I don't think that Bitcoin would be immune to that as well. Lots of external forces directly influence BTC price which can drive a lot of other actions in the overall sphere of Bitcoin.

Just my thought.

Would this qualify as FOMO (Fear Of Missing Out)?

I had never heard of this until now. As I read the description of the device, it's CLEARLY intended to be a very low power "Lottery Miner". Even if you find some way to connect it to a pool, it's unlikely to ever produce any income that you can realize. In my opinion, this just has to be a "fund adventure" on your part, and not related to any monetary or BTC acquisition. Trying to push it outside it's design goal (aka Lottery Miner) I expect will be frustrating and likely fruitless.

BTC price has been on a solid upwards trend for at least two weeks now. I just saw it top $37K for the first time in many month. This is sure to help push up difficulty as people think that it's more profitable to mine BTC.

I might be too late:

14) 4.30 to 4.62%  alh