Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to ...

Can we start posting a weekly announcement about BTC daily rate per terahash?

I think it would be beneficial of people were posting how much bitcoin they were getting per terahash on any given mining pool. For example, slush pool currently says that their daily estimated reward of bitcoin per terahash is .000111. So if you had 80 terahashes running, you would be getting approx .00887 BTC per day or 3.24 BTC per year. Obviously this is always changing, so I think it would be helpful to see what actually users are getting in slushpool or other pools.
submitted by klib0002 to BitcoinMining [link] [comments]

Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit. The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster than Microbt’s latest Whatsminer M30S model (86TH/s).

Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit. The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster than Microbt’s latest Whatsminer M30S model (86TH/s). submitted by EducationalLadder to CryptoCurrencyTrading [link] [comments]

CoinTerra Announces Highest-Performance 2 Terahash per Second Bitcoin ASIC & Mining Rig

CoinTerra Announces Highest-Performance 2 Terahash per Second Bitcoin ASIC & Mining Rig submitted by harounkola to Bitcoin [link] [comments]

Multipool.us users have a total of 278.2 Terahashes pointed at Bitcoin XT. Join the fight! Mine at an XT pool!

submitted by BitcoinAll to BitcoinAll [link] [comments]

CoinTerra kündigt Bitcoin-ASIC und Mining Rig mit Höchstleistung von 2 Terahash pro Sekunde an · OnVista

CoinTerra kündigt Bitcoin-ASIC und Mining Rig mit Höchstleistung von 2 Terahash pro Sekunde an · OnVista submitted by herzmeister to BitcoinDE [link] [comments]

Classifying PoW Coins based on Hashrate

I wanted to find out whether the rankings of Coinmarketmap has any basis on Hashpower of different projects and I was kinda surprised at the results.
Bitcoin is at the very top with it's Hashpower in Exahashes, ETH was in Terahash range, which is significantly lower.
I noticed that other projects like Dash, Digibyte, and DogeCoin had Hashrate in Petahasg ranges which blew me off.
I couldn't believe ETH has less Hash than Doge. Also I noticed Monero had Hashrate hovering around Gigahash range, which lower than Ravencoin.
Is looking at Hashrate a good way to vet Cryptos? Need your inputs smart folks.
submitted by Alfaq_duckhead to CryptoCurrency [link] [comments]

Ethereum hashrate sets record

On October 6, the hash rate of the Ethereum network reached an all-time high of more than 250 terahashes per second, which is 80% higher than the levels in January.
Glassnode noted that this was facilitated by a surge in hype around DeFi projects, which caused an increase in gas prices. Last time such a high hash rate was in the summer of 2018, then ETH was also trading slightly above the $400 mark.
In addition, mining ethereum is now three times more profitable than bitcoin. According to the F2Pool mining pool, owners of Antminer S19 Pro devices can earn $4.33 per day, while ETH miners using NVIDIA GTX Titan V cards can expect to earn $15.56.
submitted by bestchange_pr to bestchange [link] [comments]

Precio de Ethereum Classic demuestra resistencia a pesar de ataques

La red Ethereum Classic sufrió no uno, sino tres ataques del 51%: el primero tuvo lugar el 1 de agosto, el segundo el 6 de agosto y el tercero el 29 de agosto, a pesar de ello los inversionistas se han mantenido firmes, mientras se anuncian medidas para fortalecer la red de esta criptomoneda. Te detallamos lo que viene sucediendo con esta cripto en la siguiente nota.

https://preview.redd.it/t08my6c3u7m51.png?width=987&format=png&auto=webp&s=fcbe37b0b030f16e80458fc141db4db670f33ba8
Septiembre 9.- A pesar de tres “ataques del 51%”, el precio de Ethereum Classic ha demostrado una fuerte resistencia. Aunque ha bajado un poco su persistencia puede indicar que la seguridad no es una prioridad máxima para los inversores que buscan unirse a una carrera alcista en el mercado de cifrado.
Sin embargo, algunos advierten que, a menos que mejore su cadena de bloques y se haga más segura, los ataques adicionales a Ethereum Classic podrían desencadenar una liquidación del mercado y provocar un colapso de su activo digital.
Para la seguridad de una red blockchain, un "ataque del 51%" es tan malo se escucha. Es cuando una sola entidad obtiene el control de la mayor parte de la potencia informática de la red, lo que le permite desviar unidades adicionales de la moneda en lo que se conoce como doble gasto.
Por lo tanto, sería lógico pensar que tres ataques exitosos del 51% en un mes contra la cadena de bloques Ethereum Classic podrían afectar la confianza de los inversores.
Pero los precios del token ETC nativo del proyecto en realidad no se han visto afectados: una señal que los comerciantes podrían estar menos preocupados por las vulnerabilidades de seguridad que por una ganancia rápida en los mercados de criptomonedas en rápido movimiento.
En el momento de la publicación, ethereum classic se cotiza a 5.06 USD, una caída de aproximadamente un 27% en los últimos 30 días, al mismo tiempo que bitcoin ha bajado un 15%.

Tres ataques del 51% en un mes

Para la cadena de bloques Ethereum Classic, los ataques del 51% han sido una amenaza durante mucho tiempo. A diferencia de Ethereum, del cual se bifurcó con fuerza, la red Ethereum Classic está comprometida con el algoritmo de consenso de Prueba de trabajo (PoW), que también es utilizado por Bitcoin.
Para redes grandes como Bitcoin, un ataque del 51% es altamente costoso dada la enorme cantidad de poder computacional que requiere PoW para hacerlo con éxito. El hashrate de Ethereum Classic es mucho más pequeño, lo que lo hace mucho más vulnerable a este tipo de situaciones.
Al cierre de esta edición, el hashrate de Ethereum Classic era de 1,668 terahash por segundo, mientras que el de Bitcoin estaba en 117,95 exashes por segundo, según BitInfoCharts.

¿Qué es Ethereum Classic?

Ethereum Classic es el producto de un Hard Fork después de que la red Ethereum se dividió de diferentes maneras tras un pirateo en 2016. La cadena de bloques basada en PoW ha estado persiguiendo a Ethereum, que ahora representa la criptomoneda número 2 por capitalización de mercado.
Ethereum planea cambiar su algoritmo en algún momento del próximo año. En un tweet el 2 de septiembre, el fundador de Ethereum, Vitalik Buterin, argumentó que el algoritmo de prueba de participación (PoS) planificado de Ethereum le da una ventaja "fundamental clave" sobre PoW.
"En PoW, por otro lado, un atacante exitoso puede simplemente atacar una y otra vez, sin forma posible de eliminar su hardware sin eliminar el hardware de todos los demás".
Durante el mes de agosto, la red Ethereum Classic sufrió no uno, sino tres ataques del 51%: el primero tuvo lugar el 1 de agosto, el segundo el 6 de agosto y el tercero el 29 de agosto.
NiceHash, un corredor de hashpower, reconoció que su plataforma puede haber facilitado los recientes ataques del 51%, en una publicación de blog el 1 de septiembre, pero también concluyó que tales ataques no se pueden prevenir o mitigar en una “solución de prueba de trabajo verdaderamente descentralizada”
"Lo único que se puede hacer es hacer que el precio de un ataque sea más alto que la recompensa del atacante", agregó la publicación.
La red Ethereum Classic también sufrió un ataque del 51% a principios de 2019, lo que llevó al intercambio de cifrado Coinbase a detener todas las transacciones, retiros y depósitos de ETC en ese momento.
James Wo, fundador de ETC Labs, la organización líder que respalda la red Ethereum Classic, dijo a través de un portavoz que su equipo ha estado tratando de mejorar la seguridad de la red el año pasado, incluida la expansión del equipo de desarrollo central de la red y la asociación con empresas. como Chainlink, Swarm y Bloq.
La compañía anunció dos nuevas contrataciones el 3 de septiembre para el equipo de desarrollo central de ETC.
"Estos desarrollos y asociaciones están trabajando para impulsar rápidamente el avance de ETC y garantizar un futuro brillante para la red", dijo Wo, quien agregó que el precio de ETC se ha mantenido "fuerte" incluso con los recientes ataques del 51%.
De hecho, los ataques no han tenido un impacto significativo en sus precios, lo que generó una pregunta: ¿por qué alguien pondría dinero en un token cuando su seguridad no está garantizada?
Un gran porcentaje de los titulares de ETC recibieron sus tokens involuntariamente después de la división de la cadena de Ethereum y, como resultado, el precio de ETC se ha mantenido estable durante los últimos años simplemente porque muchos titulares de ETC han ignorado tomar medidas.
Ethereum Classic aborda el análisis de equilibrio. Solo 610 direcciones (0.03% del total) controlan el 86% de todo el Ethereum Classic. Tasa de referencia: 1 ETC = $ 5.10
“Muchas personas simplemente están sentadas y tal vez no necesariamente estén pensando en operar en ETC o no necesariamente monitoreando activamente su transición”, dijo Meltem Demirors, director de estrategia de CoinShares. "Porque muchas personas que tienen activos de un tenedor realmente no tienen ningún incentivo para venderlos a menos que el valor aumente drásticamente".
Citando el hecho de que una gran cantidad de carteras Ethereum Classic han estado inactivas, Demirors dijo que algunos titulares de ETC pueden no ver el valor de vender o incluso reclamar su ETC.

Emet y Faswet responden son seguridad garantizada

Este análisis se hace necesario debido a la incertidumbre que se genera alrededor del mundo criptográfico y que suele simplificarse sosteniendo que las criptomonedas son activos que no tienen futuro.
Como vemos, todo hace parte de un conjunto de acciones de un mercado que madura cada segundo. Donde las exigencias de los usuarios deben ser cubiertas por una respuesta sólida del mercado.
De esta forma, tanto Emet como Faswet garantizan por medio de su plataforma a sus usuarios el cuidado de sus activos digitales y criptomonedas.
Ingresa a Faswet y conoce la mejor forma de aprovechar tus criptos:
https://faswet.com/es
submitted by EmetEnjoy to espanol [link] [comments]

I'm trying to do the math on mining.

Given 100% of miners using the same miner, I tried to calculate the profitability of bitcoin mining. but the results seem off. I'm wondering where I went wrong.
"current terahashes (Th/s)" Mining Unit "mining non-current rate($/Th)" "mining non-current rate $/Th)" "Mining Efficiency (J/Th)" "Energy Requirments (J)" "Energy Requirements per Block (kWh) [0.000000277778 J/kWh]" "electric costs ($/kWh)" "current electrical cost to mine 1 block ($)"
8000000 Antminer T19; 84 Th/s; 37.5 J/Th; $1749; $20.82 $384,219.55 37.5 180000000000 50,000.04 0.0715 $3,575.00
current bitcoin reward current bitcoin price current block worth daily block rewards
6.25 9133 $57,081.25 $1,369,950.00
current profit ratio (%)
1596.48%

edit:

"current terahashes (Th/s)" Mining Unit "mining non-current rate($/Th)" "mining non-current rate $/Th)" "Mining Efficiency (J/Th)" "Energy Requirments (J)" "Energy Requirements per Block (kWh) [0.000000277778 J/kWh]" "electric costs ($/kWh)" "current electrical cost to mine 1 block ($)"
8000000 Antminer T19; 84 Th/s; 37.5 J/Th; $1749; $20.82 $5,859,348.20 37.5 2745000000000 762,500.61 0.0715 $54,518.79
current bitcoin reward current bitcoin price current block worth daily block rewards
6.25 9118 $56,987.50 $1,367,700.00
current profit ratio (%)
104.53%
submitted by qwer1234123412341234 to BitcoinBeginners [link] [comments]

Bitcoin Hashrate Has Hit a New Record-High Again, Here's Why It's Optimistic

The total hash rate of the Bitcoin blockchain network has hit an all-time high, demonstrating an optimistic after the halving. Bitcoin’s third block reward halving in history occurred on May 11, 2020. Immediately after, its hash rate dropped from 121 million terahash per second (TH/s) to 90 million TH/S. The rapid recovery of Bitcoin’s hash rate shows that the mining sector is healthy, which could lead to market stability. A positive catalyst for Bitcoin in the medium-term Following a block reward halving, the hash rate of the Bitcoin network tends to drop substantially. The halving drops the amount of BTC miners can produce by half, causing their revenues to decline. When miners struggle with recurring expenses as a result of lower BTC production, they typically sell their BTC reserves. In the short-term, until a major difficulty adjustment occurs, the risk of miner capitulation or massive selling pressure is low. Alejandro De La Torre, the vice president of Poolin, explained that older machines have become profitable as well. That means even individual miners could be profitable and are likely less compelled to sell BTC. Torre explained: “Yesterday's two-week difficulty re-adjustment saw a decrease of - 2.87% & an average hash rate of 120.57 EH/s. What's interesting here is that the hashrate continues to increase, definitely related to the current #bitcoin price - older machines are profitable again.” Consequently, Torre said the hash rate of the Bitcoin network would likely continue to increase. The difficulty to mine BTC is lower than in previous weeks, and the price of BTC is above $11,000. He noted: “Difficulty is now lower than the last two weeks from 17.35T to 16.85T and the price is much higher so expect strong hashing for the next two weeks, all dependent of the price at the end of the day.” A record-high hash rate merely three months after the halving can be considered an optimistic trend. It shows that due to varying factors, which includes cheaper electricity in Sichuan, China, the mining industry is stable. Many large mining centers are based in Sichuan. Due to the rainy season and the presence of hydropower plants, lower-cost electricity is available for miners. Optimistic market cycle According to data from ByteTree, the net inventory of miners over the past five weeks is hovering at 30 BTC. The data shows that miners have not sold more than they mine, which leads to less selling pressure on BTC. Relatively low selling pressure from miners is a positive factor that could allow BTC to sustain its strong momentum. It also indicates that Bitcoin is on track to recover from the halving before the fourth quarter of this year, demonstrating the resilience of the sector. About the author Joseph Young Joseph Young is an analyst based in South Korea that has been covering finance, fintech, and cryptocurrency since 2013. He has worked with various recognized publications in both the finance and cryptocurrency industries.
submitted by crypto4l1fe to u/crypto4l1fe [link] [comments]

66,666,666,666,666,666 hashes per block right now, thought you should know.

Right now at a rate of 111.11 TH's, Bitcoin is in true beast mode.
There's a trillion hashes in a terahash
On average it takes 10 minutes to crack a single block.
66, 666 trillion or 66 quadrillion hashes per block.
Absolutely insane!
submitted by samcornwell to Bitcoin [link] [comments]

[Researh] In 2017 bitcoin network consumed 5 TWh of energy, in 2018 – 29 TWh, in 2019 – 43 TWh. Banking industry consumes 74 TWh per year.

[Researh] In 2017 bitcoin network consumed 5 TWh of energy, in 2018 – 29 TWh, in 2019 – 43 TWh. Banking industry consumes 74 TWh per year.
Electricity consumed by bitcoin network has been constantly and noticeably increasing. During the past years the consumption reached such big a scale, that it can be compared to electricity consumption of some countries, according to BlockchainAnalytics.pro research.
The world’s first cryptocurrency is steadily becoming more popular and expensive every year. This motivates more individuals and companies to enter the mining business to earn a bitcoin share.

More miners, more efficient equipment

To validate a block of transactions and receive a reward, miners compete with each other by solving a deliberately complicated mathematical task, or puzzle. Those miners who own more computing power (hashrate) have more chances to win the competition. This incentivizes miners to buy more powerful equipment that consumes more electricity.
At the same time, mining equipment efficiency is constantly improving, and with time less electricity is required to produce the same hashrate. This factor allows to slow down the increasing demand for electricity.
For example, in 2016 Bitmain, world’s largest manufacturer of mining equipment, launched the legendary Antminer S9, which consumed 100 watts to produce one terahash per second, or 100 W/TH/s. The best modification of Antminer S15, released in 2018, consumed 57 W/TH/s. Currently, the most efficient Antminer S17 consumes only 40 W/TH/s.
https://preview.redd.it/gh343l3p09j41.png?width=930&format=png&auto=webp&s=e350c1e7832e37c1e3c3aeac974428cca7f0f874
It is assumed that the market competition compels manufacturers to keep up with each other in developing more efficient hardware. If some manufacturer brings next-generation chips to market, other manufacturers start to produce chips with the same characteristics at about the same time.
On the other hand, new miners are joining the network, thus increasing the hashrate. So the demand for electricity continues to grow. Also, it can be noticed later that the electricity consumption chart is similar to that of hashrate chart.
https://preview.redd.it/3k32ci6q09j41.png?width=930&format=png&auto=webp&s=e70f600419bcbc9e7e82506b5f12bf4da6f00584

Calculations

The incremental volume of electricity consumption is calculated by multiplying newly added hashrate by the best mining efficiency available at that moment.
The sum of incremental volumes represents cumulative amount of electricity consumed by bitcoin network. The metric is expressed in terawatt-hours (TWh). To get annualized volume in terawatt-hours we multiply the consumption by 24 hours and 365 days.
A 100-day moving average was applied to hashrate to make the final result less dependent on the short-term hashrate fluctuations.
Assumptions, used in this study, are very conservative. It means that the results are in the lower limit of the range of possible volumes, and the actual electricity consumption can be higher.
A detailed explanation and interactive charts are provided here: https://www.blockchainanalytics.pro/btc/electricity-consumption/
https://preview.redd.it/jol3703r09j41.png?width=929&format=png&auto=webp&s=252d4d67ff6882bb32ad63238537a41305719f05

Results

Currently, annualized electricity consumption in bitcoin network is 57 TWh. To help readers get an idea of how much electricity the bitcoin network consumes, a comparison with some countries is provided alongside.
Portugal consumes 49 TWh per year, Romania – 50 TWh, Czech Republic – 59 TWh.
Some more numbers for comparison:
https://preview.redd.it/hka7lcwr09j41.png?width=930&format=png&auto=webp&s=92d6d0b25f922a1e6f0c45c6f994e78aded6f920
According to conservative estimates, the bitcoin network will consume more than 70 TWh in 2020. This is on a par with Chile, a country with 18 million population.

More thoughts (estimations of how much energy banking industry consumes)

Some information from official reports:
Taking into account the information above, we can assume that, on average, banks spend ~20 kWh per customer per year.
Some information on world population:
  • 69% of adults around the world have a banking account (source)
  • 70% of the world population are adults (source)
  • World population is 7.7 billion (source)
Finally: 7.7 billion people * 70% * 69% * 20 kWh per year = ~74 TWh per year
So, we can assume, that banking industry consumes ~74 TWh per year
submitted by answer__42 to btc [link] [comments]

Iranian Authorizes Issue License for 6000-Rig Crypto Farm

Iranian Authorizes Issue License for 6000-Rig Crypto Farm
Iranian Authorizes Issue License for 6000-Rig Crypto Farm Turkey-based company has invested nearly $7.3 million into a Bitcoin (BTC) mining farm in the Semnan Province of Iran, where it will mine digital currency with 6,000 rigs capable of 96,000 terahashes per second (TH/s) in total.
https://preview.redd.it/zdv6wlfd8qw41.jpg?width=1003&format=pjpg&auto=webp&s=3e999b7b3b4e82f156f9609ed632cd23288dc944
submitted by IndianCrypto to u/IndianCrypto [link] [comments]

Antminer T19 May Not Affect Bitcoin Hash Rate but Keeps Bitmain Ahead

The Antminer T19 by Bitmain may not have a big impact on the Bitcoin network, and it comes out amid the firm’s internal and post-halving uncertainty.
Earlier this week, Chinese mining-hardware juggernaut Bitmain unveiled its new product, an application-specific integrated circuit called Antminer T19. The Bitcoin (BTC) mining unit is the latest to join the new generation of ASICs — state-of-the-art devices designed to mitigate increased mining difficulty by maximizing the terahashes-per-second output.
The Antminer T19 announcement comes amid the post-halving uncertainty and follows the company’s recent problems with its S17 units. So, can this new machine help Bitmain to reinforce its somewhat hobbled position in the mining sector?
T19: The cheaper S19
According to the official announcement, the Antminer T19 features a mining speed of 84 TH/s and a power efficiency of 37.5 joules per TH. The chips used in the new device are the same as those equipped in the Antminer S19 and S19 Pro, though it uses the new APW12 version of the power supply system that allows the device to start up faster.
Bitmain usually markets its Antminer T devices as the most cost-effective ones, while the S-series models are presented as the top of the line in terms of productivity for their respective generation, Johnson Xu — the head of research and analytics at Tokensight — explained to Cointelegraph. According to data from F2Pool, one of the largest Bitcoin mining pools, Antminer T19s can generate $3.97 of profit each day, while Antminer S19s and Antminer S19 Pros can earn $4.86 and $6.24, respectively, based on an average electricity cost of $0.05 per kilowatt-hour.
Antminer T19s, which consume 3,150 watts, are being sold for $1,749 per unit. Antminer S19 machines, on the other hand, cost $1,785 and consume 3,250 watts. Antminer S19 Pro devices, the most efficient of three, are considerably more expensive and go for $2,407. The reason Bitmain is producing another model for the 19 series is due to what is known as "binning" chips, Marc Fresa — the founder of mining firmware company Asic.to — explained to Cointelegraph:
“When chips are designed they are meant to achieve specific performance levels. Chips that fail to hit their target numbers, such as not achieving the power standards or their thermal output, are often ‘Binned.’ Instead of throwing these chips in the garbage bin, these chips are resold into another unit with a lower performance level. In the case of Bitmain S19 chips that don’t make the cutoff are then sold in the T19 for cheaper since they do not perform as well as the counterpart.” The rollout of a new model “has nothing to do with the fact that machines are not selling well,” Fresa went on to argue, citing the post-halving uncertainty: “The biggest reason machines probably are not selling as well as manufacturers would like is because we are on a bit of a tipping point; The halving just happened, the price can go anyway and the difficulty is continuing to drop.” Product diversification is a common strategy for mining hardware producers, given that customers tend to aim for different specifications, Kristy-Leigh Minehan, a consultant and the former chief technology officer of Genesis Mining, told Cointelegraph:
“ASICs don’t really allow for one model as consumers expect a certain performance level from a machine, and unfortunately silicon is not a perfect process — many times you’ll get a batch that performs better or worse than projected due to the nature of the materials. Thus, you end up with 5–10 different model numbers.” It is not yet clear how efficient the 19-series devices are because they have not shipped at scale, as Leo Zhang, the founder of Anicca Research, summed up in a conversation with Cointelegraph. The first batch of S19 units reportedly shipped out around May 12, while the T19 shipments will start between June 21 and June 30. It is also worth noting that, at this time, Bitmain only sells up to two T19 miners per user “to prevent hoarding.”
Hardware problems and competitors
The latest generation of Bitmain ASICs follows the release of the S17 units, which have received mostly mixed-to-negative reviews in the community. In early May, Arseniy Grusha, the co-founder of crypto consulting and mining firm Wattum, created a Telegram group for consumers unsatisfied with the S17 units they purchased from Bitmain. As Grusha explained to Cointelegraph at the time, out of the 420 Antminer S17+ devices his company bought, roughly 30%, or around 130 machines, turned out to be bad units.
Similarly, Samson Mow, the chief strategy officer of blockchain infrastructure firm Blockstream, tweeted earlier in April that Bitmain customers have a 20%–30% failure rate with Antminer S17 and T17 units. “The Antminer 17 series is generally considered not great,” added Zhang. He additionally noted that Chinese hardware company and competitor Micro BT has been stepping on Bitmain’s toes lately with the release of its highly productive M30 series, which prompted Bitmain to step up its efforts:
“Whatsminer gained significant market share in the past two years. According to their COO, in 2019 MicroBT sold ~35% of the network hashrate. Needless to say Bitmain is under a lot of pressure both from competitors and internal politics. They have been working on the 19 series for a while. The specs and price look very attractive.” Minehan confirmed that MicroBT has been gaining traction on the market, but refrained from saying that Bitmain is losing market share as a result: “I think MicroBT is offering option and bringing in new participants, and giving farms a choice. Most farms will have both Bitmain and MicroBT side by side, rather than exclusively host one manufacturer.”
“I would say that MicroBT has taken up the existing market share that Canaan has left,” she added, referring to another China-based mining player that recently reported a net loss of $5.6 million in the first quarter of 2020 and cut the price of its mining hardware by up to 50%.
Indeed, some large-scale operations seem to be diversifying their equipment with MicroBT units. Earlier this week, United States mining firm Marathon Patent Group announced that it had installed 700 Whatsminer M30S+ ASICs produced by MicroBT. However, it is also reportedly waiting for a delivery of 1,160 Antminer S19 Pro units produced by Bitmain, meaning that it also remains loyal to the current market leader.
Will the hash rate be affected?
Bitcoin’s hash rate plummeted 30% soon after the halving occurred as much of the older generation equipment became unprofitable due to the increased mining difficulty. That spurred miners to reshuffle, upgrading their current rigs and selling older machines to places where electricity is cheaper — meaning that some of them had to temporarily unplug.
The situation has stabilized since, with the hash rate fluctuating around 100 TH/s for the past few days. Some experts attribute that to the start of the wet season in Sichuan, a southwest Chinese province where miners take advantage of low hydroelectricity prices between May and October.
The arrival of the new generation of ASICs is expected to drive the hash rate even higher, at least once upgraded units become widely available. So, will the newly revealed T19 model make any impact on the state of the network?
Experts agree that it won’t affect the hash rate to a major degree, as it’s a lower output model compared with the S19 series and MicroBT’s M30 series. Minehan said she doesn’t expect the T19 model “to have a huge impact that’s an immediate cause of concern,” as “most likely this is a run of <3500 units of a particular bin quality.” Similarly, Mark D’Aria, the CEO of crypto consulting firm Bitpro, told Cointelegraph:
“There isn’t a strong reason to expect the new model to significantly affect the hashrate. It might be a slightly more compelling option to a miner with extraordinarily inexpensive electricity, but otherwise they likely would have just purchased an S19 instead.” Bitmain continues to hold leadership despite internal struggle
At the end of the day, manufacturers are always in an arms race, and mining machines are simply commodity products, Zhang argued in a conversation with Cointelegraph:
“Besides price, performance, and failure rate, there are not many factors that can help a manufacturer differentiate from the others. The relentless competition led to where we are today.” According to Zhang, as the iteration rate naturally slows down in the future, there will be more facilities using “creative thermal design such as immersion cooling,” hoping to maximize the mining efficiency beyond just using most powerful machines.
As for now, Bitmain remains the leader of the mining race, despite having to deal with the largely defunct 17 series and an intensifying power struggle between its two co-founders, Jihan Wu and Micree Zhan, which recently resulted in reports of a street brawl.
“Due to its recent internal issues, Bitmain is facing challenges to keep its strong position in the future thus they started to look at other things to expand its industry influences,” Xu told Cointelegraph. He added that Bitmain “will still dominate the industry position in the near future due to its network effect,” although its current problems might allow competitors such as MicroBT to catch up.
Earlier this week, the power struggle inside Bitmain intensified even further as Micree Zhan, an ousted executive of the mining titan, reportedly led a group of private guards to overtake the company’s office in Beijing.
Meanwhile, Bitmain continues to expand its operations. Last week, the mining company revealed it was extending its “Ant Training Academy” certification program to North America, with the first courses set to launch in the fall. As such, Bitmain seems to be doubling down on the U.S.-based mining sector, which has been growing recently. The Beijing-based company already operates what it classifies as “the world’s largest” mining facility in Rockdale, Texas, which has a planned capacity of 50 megawatts that can later be expanded to 300 megawatts.
submitted by melissaBrian0 to Bitcoin [link] [comments]

Bitcoin Network Now 8x More Powerful Than At $20k Peak

New hashrate numbers have shown that the Bitcoin network is now 8 times more powerful than it was at its $20k price peak in late 2017.
Data from Bitcoin network monitor Blockchain.com confirmed that the Bitcoin network’s total hash rate reached a peak of 79 trillion terahashes per second (TH/s) earlier this week, passing the previous all time high of 70 trillion TH/s. Hash rate is generally accepted as a measure of how much computer power is spent on a network’s security, meaning that the higher the TH/s rate, the more powerful the network is.
The Bitcoin network has seen consistent growth in power in recent months, breaking the all-time high multiple times. In the last month alone, the hash rate has broken records three times, on June 21 (65 trillion TH/s), July 1 (70 trillion TH/s), and most recently on July 20 (79 trillion TH/s).
Despite Bitcoin price currently being roughly halfway to its all-time high, it has still managed to grow its network in size and power, indicating that the current market trends are more substantial than in 2017. Many crypto pundits are suggesting that Bitcoin is currently stabilizing around the $10k-$11k mark before a bull run, and that the next big bull run will take Bitcoin price to a new all-time high, breaking the $20k barrier and reaching an expected $40k peak.
submitted by George-nht to Bitcoin [link] [comments]

BTC Dominance to Continue to Rise in the mid-term

The fact is that pretty much every single altcoin is trying to solve for a problem that doesn't exist yet. Faster transactions? Pretty sure nobody has a problem with visa in that regard. Low fees? Who cares about low fees if your shitcoin has to instantly be transferred back into fiat at a 20% tax rate because no cryptocurrency is stable at all and wont be in the near future? "But wait! - Blockchain will save all of our personal data!" - Wut?
The question you should ask yourself before plopping 100's to 1000's of dollars into any coin is - how many fully validating nodes are contributing to the network stability, and do you see that number increasing or decreasing based on the coin's monetary policy?
Unfortunately, this plays out as a chicken or egg scenario, since the mere fact that a low node count means the monetary policy could likely change at any time, unbeknownst to the holder. And what chance does the node count have to grow if potential node runners don't have expectations of a good store of value?
Bitcoin is the end-all-be-all because it solves for the problem that currently exists today - which a system with an unchangeable monetary policy, with massive decentralization due to it's small block size, with the security of 80 million terahashes behind it.
People need to wake up to the fact that this is why Bitcoin is popular. Not because it has instant, low fee transactions. Therefore this market is highly irrational right now, and we are going to see a massive shift away from shitcoins (all altcoins) in the mid-term.
submitted by ElephantGlue to Bitcoin [link] [comments]

Bitcoin Mining Unit Manufacturer MicroBT Nibbles at Bitmain’s Market Share

Bitcoin Mining Unit Manufacturer MicroBT Nibbles at Bitmain’s Market Share


Bitcoin miner maker MicroBT has rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain's dominance.
MicroBT sold about 600,000 units of its flagship WhatsMiner M20 series last year, Vincent Zhang, sales head of the Shenzhen-based company, said in an online panel hosted by Chinese mining pool Poolin on Thursday in a WeChat group.
These products generate a computing power of about 60 terahashes per second (TH/s) on average, he said. That means the newly delivered 600,000 units may have contributed over 30 exahashes (EH/s) of hashing power to the bitcoin network in 2019. (1 EH = 1 million TH).
Amid bitcoin's price jump throughout 2019, the network's two-week average computing power more than doubled from just 40 EH/s around the end of 2018 to nearly 100 EH/s in December. That'd mean close to half of bitcoin's computing power growth in 2019 may have come from equipment delivered by MicroBT.
Zhang didn't specify the precise average unit price of these batches, as they could fluctuate depending on bitcoin's price over the year. But the firm's various models in its M20 product line are generally priced between $24 to $30 per terahash, meaning the firm has brought home a high nine-figure revenue in U.S. dollars for 2019.
Bitcoin's current computing power stands at 110 EH/s. That also means MicroBT may account for around 30 percent of bitcoin mining power sold right now, making it one of the largest and fastest-growing miner makers in the world.
submitted by fs15155 to u/fs15155 [link] [comments]

Would I be profitable?

Hello, sorry if this is an inconvenience but I am looking into bitcoin mining, I see that this pool is good for beginners, while doing research on this topic, I have been trying to figure out if doing this would be profitable. The ASIC I’m thinking about buying costs $85, consumes $2.71 in a day in power costs and has a rate of 4 terahash a day. I am wandering if it would be possible for me to break even or make a profit within 3 years. Sorry if this is an inconvenience but I tried using a calculator and most of the terminology was confusing. Thank you.
submitted by sevenpoundsofpie to Bitcoin [link] [comments]

Selling 4 Bitmain S9 SHA256 Miners with power supplies. Chicago, IL. $150 each

I posted this on craigslist but am posting here for more visibility. Happy to answer questions.
https://chicago.craigslist.org/nwc/ele/d/barrington-bitmain-s9-bitcoin-mine7052248048.html

Bitmain Antminer S9 Miner System to mine Bitcoin or Bitcoin Cash
Antminer S9 Unit 13.5 Terahash/second hashing speed SHA-256 encryption APW3++ 220V Power supply Cooler enclosure for sound and thermal control Insulated venting system
Miners have been in service for a total of 361 days, in the process of moving so need to sell. These high performance miners fans can be noisy, so the cooler enclosure solves that challenge.
Enclosure: 24" long x 16" wide x 14" high Miner: 14" long x 5" wide x 7" high
Have a total of 4 systems available, buy one or will do a deal for all 4. Equivalent new miner currently selling for $415. Get local and save shipping, tax and import duty.
Connect to your favorite mining pool and earn some bitcoin at the current low price.
submitted by TyMyShoes to BitcoinMining [link] [comments]

Why I'm a Bitcoin Maximalist

The fact is that pretty much every single altcoin is trying to solve for a problem that doesn't exist yet. Faster transactions? Pretty sure nobody has a problem with visa in that regard. Low fees? Who cares about low fees if your coin has to instantly be transferred back into fiat at a 20% tax rate because no cryptocurrency is stable at all and wont be in the near future? "But wait! - Blockchain will save all of our personal data!" - Wut?
The question you should ask yourself before plopping 100's to 1000's of dollars into any coin is - how many fully validating nodes are contributing to the network stability, and do you see that number increasing or decreasing based on the coin's monetary policy? Unfortunately, this plays out as a chicken or egg scenario, since the mere fact that a low node count means the monetary policy could likely change at any time, unbeknownst to the holder. And what chance does the node count have to grow if potential node runners don't have expectations of a good store of value?
Bitcoin is the end-all-be-all because it solves for the problem that currently exists today - which a system with an unchangeable monetary policy, with massive decentralization due to it's small block size, with the security of 80 million terahashes behind it.
People need to wake up to the fact that this is why Bitcoin is popular. Not because it has instant, low fee transactions. Therefore this market is highly irrational right now, and we are going to see a massive shift away from all altcoins to Bitcoin in the near future.
submitted by ElephantGlue to CryptoCurrency [link] [comments]

Top 5 Tools For Successful Cryptotrader

Knowledge is power! In the age of rapid IT development every self-respecting crypto trader has to be prepared. Analytic tools capabilities are improving every day providing investors lots of resources for successful trading. Growing number of platforms are constantly adding new features allowing traders to make more relevant decision based on bigger amount of data.
The analysis of the relatively recent years shows that small percent of traders shows stable results in the long run. Complex and fundamental analysis of crypto projects, search for best strategy, choice of the trading platform, high volatility, constant track of prices make trader’s job laborious and busy that affect trader’s mental perception and consequently reasonability of this or that decision connected with trading activity.
To beginner and experienced traders’ come special tools mainly created to optimize traders’ performance and in some cases to fully automate some actions.

Coinhills

Progressive analytical service Coinhills attracts its users not only with a simplified control algorithm and a lot of useful functions, but also with a convenient structure of the main sections, where ratings, position of Bitcoin’s main competitors, foreign news aggregator, ICO news can be viewed.

Gekko

The Gekko trading bot is one of the many crypto bots available on the market. This is an open-source trading bot that can collect real-time data, price data, calculate indicators, and complete transactions. It can also test trading strategies using real data. Gekko is essentially an entry-level trading bot for people who are just learning and experimenting with different strategies. Its functionality is very limited compared to others competitors on the market. This allows users to take advantage of arbitrage and minimize risk. This is a good tool for those who try themselves as a crypto trader for the first time.
The main functional features of the bot are the following:
Aggregation of real market data
Calculation of indicators
Execution of current orders
Imitation of order execution
Calculation of profit and risk metrics
Displaying results in the web interface
Managed and imported historical market data
Simulation of live markets using historical data

Investy

Investy is a trading blockchain platform providing its users with advanced functionality for working on cryptoexchanges. A distinctive feature of the product is the ability to copy each other’s orders and make profit with the use of the success fee system. All operations pass through the API crypto exchange without direct transfer of assets.
The platform has a wide range of tools — solutions:
  1. Easy Trade — a trading terminal with an extended range of trader’s tools.
  2. Easy Trade dashboard — detailed statistics for your exchange accounts.
  3. TradeBattle — a tool that will allow you to unlock the talents of a crypto trader.
  4. Ability to work on any device from PC to mobile phone.
  5. Operations on several exchanges via one window.
  6. Security of personal data while using the service.

CoinSpectator

CoinSpectator is a free cryptocurrency news aggregator that allows traders, investors and enthusiasts to track thousands of industry news sources in real time mode. The site allows you to quickly respond to the latest cryptocurrency news, market volatility, investment tips, the ICO schedule, project phases and much more.
Every investor, who has been in cryptospace for a long period of time, understands that markets are not driven by just technical or fundamental indicators. In fact, it is a complex network of interactions with social media, news publications, rumors, as well as more typical technical and fundamental indicators that you can expect to see on traditional markets. CoinSpectator provides the ability to track data interactions.
CoinSpectator is a valuable tool for assessing the industry and learning, whether you are a blockchain enthusiast, a cryptocurrency trader or a crypto skeptic.

Bitcoincharts

Bitcoincharts is a website dedicated to cryptocurrency statistics that contains information about Bitcoin price, trading volumes and other information related to the Bitcoin network.
The portal provides detailed information on the total hashrate of the network, the number of blocks processed per hour and the total number of BTC in circulation. You can also get a general view of the bitcoin trading market based on data from exchanges.
There are some of the most valuable statistics published on Bitcoincharts:

Economy Stats

Block Stats

Conclusion

Being in a dynamic space such as the blockchain and the cryptocurrency market, any trader regardless of experience should always be in touch with the most up-to-date information. Trade in the cryptocurrency market continues to gain popularity, and according to estimates by various consulting agencies the market capitalization of cryptocurrencies will exceed one trillion US dollars by 2030. The potential of blockchain technology is great, and along with it the profession of a crypto trader is becoming increasingly popular. The presented selection will help you to start your way to the industry correctly, leaving behind a large number of risks faced by all novice traders.
submitted by Mindreactions to BitcoinMarkets [link] [comments]

Estimating Break Even Mining Costs to Predict Where Corrections Will Bottom

Estimating Break Even Mining Costs to Predict Where Corrections Will Bottom

https://preview.redd.it/3a05djc1vwu11.jpg?width=846&format=pjpg&auto=webp&s=858fd2eba8402ca3b5759f310bc47eaea96eddf9
For many Bitcoininvestors a key benchmark of how low the Bitcoin market price can go is the cost of production during the mining process. This cost depends on both extrinsic factors such as geography, as well as intrinsic factors relating to choice of mining hardware and as such it is difficult, if not impossible, to find a single figure to cover all mining operations worldwide. However, by making a few assumptions and taking a purely statistical approach, we can arrive at figure which may serve as a general rule of thumb for the lowest order.

The Process

As of writing global hashing rate is approximately 35 million Terahashes/s (TH/s). For this process I assume an idealistic mining unit with properties identical to an Antminer S9, which is currently the leading commercial/retail mining unit in terms of popularity. The manufacturer’s website offers the following relevant information:
Price: USD 780
Power: 1.3 kW
Hashing rate: 13,500 GH/s
Efficiency: 93 % at 25 °C
This being the case we can estimate that it would take 2.8 million of these idealistic S9-like mining units to...
READ MORE...
submitted by fraer8558 to btc [link] [comments]

Bitcoin Mining Results August 2017 W4  Mining Bitcoin At ... Bitcoin Mining bitcoin mining 2019 should we mine bitcoin? get answer now 10 Terahash Upgrade & Fee Speculation Free Bitcoin Mining Power 0.10 Tera Hash Cloud Minig Power new site  1000 ghs minig power 5GHs Bitcoin mining rig - YouTube

The Chinese ASIC producer Microbt has announced the launch of the M30S++ miner that processes speeds up to 112 terahash per second (TH/s). For example the current network hashrate of Bitcoin is 140 EH/s (Exa hashes per second). To convert this value in to TeraHash or PetaHash or GigaHash you can use this tool. So why convert? For instance lets say you have an ASIC miner which is capable of delivering 14 TH/s. You can use the above tool to convert and compare your hash power with the overall network hashrate. Higher the hashrate ... Terahash ® appliances are up to 35% faster than other rigs built with comparable hardware, as our years of industry-leading experience enable us to perform tuning at all layers to wring out every last drop of performance. If you build your own rig or purchase from another vendor, you're leaving a lot of untapped potential on the table! Obwohl die genaue Hashing-Leistung von Bitcoin nicht bekannt ist, kann sie anhand der Anzahl der abgebauten Blöcke und der aktuellen Blockschwierigkeiten geschätzt werden. Anmerkungen Tägliche Zahlen (Rohwerte) können aufgrund der Zufälligkeit der Blockerkennung periodisch steigen oder fallen: Selbst bei einer Hashing-Leistungskonstante kann die Anzahl der abgebauten Blöcke im Tag variieren. “Microbt dévoile deux plates-formes minières de nouvelle génération avec des vitesses allant jusqu'à 112 Terahash” 18/04/2020 - Commentaires fermés sur Microbt dévoile deux plates-formes minières de nouvelle génération avec des vitesses allant jusqu'à 112 Terahash [ad_1] La concurrence s'intensifie dans le monde de la fabrication de plates-formes minières Bitcoin. Tout ...

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Bitcoin Mining Results August 2017 W4 Mining Bitcoin At ...

5Gh/z in hashing power, just added another mining rig, A very compacted set up, currently with 3 system it only takes up 3 x 3 x 2 feet. I have 8x5870 and 4x... site link:- https://antminecloud.com/ref/Grh0BAplmwxQ Free Bitcoin Mining Power 0.10 Tera Hash Cloud Minig Power free 1 tera hash power for bitcoin mine free... Close. This video is unavailable. SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL FutureBit MoonLander 2 - https://bitcoinmerch.com/collections/new-arrivals/products/futurebit-moonland... Hashflare Bitcoin Mining I Hashflare TeraHash Update // In this video wanted to update you awesome folks on bitcoin mining and how profitable bitcoin mining can be. I love hashflare and use it in ...

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