This is bitcoin difficulty?
I am on ETH mining and I can see difficulty dropping already.

if got 1070ti below rm800 I would be interested too.

Base on whattomine, power consumption more than output profitability.

I read those reports from Baidu on "coin mining disaster".
Many farms in China already running at very low margin or at a loss.
Power might be low but when you include other operations costs like hiring people, money to ensure authorities don't always do "environmental inspection" on factory space, system uptime, hminign hash difficulty , internet lag etc. For some, they even need to pay hosting/management fee which can be as high as 3 sen per KW.

Only very large self own farms are still operating with profit.
Its not that rosy anymore in china.

Btc difficulty drop might be due to people renting SHA256 hash to fight the civil war, but massive drop in ETH mining difficulty proves that there are many farms shutting down.

What if ETH price fall below 100? Will the difficulty hash drop to less than 2000T? hehehe...



Difficulty drop from about 36xxx to 24xxx now...

This post has been edited by yushin: Nov 28 2018, 01:55 PM

Only one rig still running because that rig is also my cctv recorder + coin R&D machine.
That rig only has 2 x 1070 on ETH, 1 x 1080ti on enlargement pill.

Plan to explore ravencoin this weekend.

This post has been edited by yushin: Nov 28 2018, 04:07 PM

Currently I am using progpow on bitcoin interest.
Ravencoin I use ccminer

Dunno there was so much drama in progpow.
I only heard some coins are considering changing algo to progpow thats why I got interested in it.

Mine is on windows. I got the link to windows propow miner from BCI web homepage I think.

Well I dont mind price of coins drop another 50% for another few months.
Need to shake out those big miners in china... *evil*
Then I might be able to get some S9i at rm150.

My rigs are already off. Only one 1080ti still running.

This post has been edited by yushin: Dec 5 2018, 07:32 PM

Transaction still takes the same block time to confirm. It could be even faster as no one is congesting the blocks.
If less people mining, it also mean those that are still mining will be more of the block reward, thus able to offset the lower price of the coin. This is how the coin balance itself.

This is the reason why China dominate mining as they have all the upper hand in reducing the costs of mining.

1) Electric
2) Man power
3) Space
4) Local made ASIC and the brain to design ASIC

Price is rising for the pass few days. Winter is over?

dont bother, can't even cover electric cost and you have to deal with the noise and heat.
but if you really want to know...
assume electric at rm0.57 per kwh
S9i = 14TH bitcoin mining = negative RM9.44 per day.

1080ti can't mine bitcoin, the best profitability coin now is bitcoin diamond(NOT BITCOIN!!!) in which you can earn rm0.80 per day.

If you already have the hardware then take your bet. Buying new hardware to mine now? no no...
Legal Mining is dead in Malaysia. For now.

Tomorrow eth cut 1/3 block reward, see how much hash will go offline.

This post has been edited by yushin: Jan 15 2019, 05:45 PM

Mining rigs close shop already.

This post has been edited by yushin: Jan 16 2019, 05:04 AM

Well, now I am doing POS on veruscoin on my CCTV recorder PC. POS doesnt take much electric, just like running another network app.

This post has been edited by yushin: Jan 16 2019, 10:55 PM

I check whattomine base on our TNB rate of rm0.57/kwh.
Looks like most ASIC is unprofitable and takes ages to ROI the hardware.

GPU still profitable on some newer coins but dunno the rush can last how long...

Ya... someone show me his S9 that costs rm14k last time around Jan 2018.
With the price of coins now, some GPU and coin combination has become profitable already while those earlier generation ASIC all still in the red.

Btw, I bought one L3+ brand new for rm300 last month. Just for fun.
Not profitable to mine tho. maybe will be useful to burn off the excess energy from my experimental 2000w solar system.

For nvidia cards :
Cokaroo
Ravencoin
ETHash - Profitable but you have better algo to mine.

For AMD cards :
ETH ... well, with eth over USD170, I would say it has start to be profitable.

This post has been edited by yushin: Apr 3 2019, 12:08 PM

Well if he manage to find cheap electricity, I'm not surprised he can break even so fast.

I tot Dec 2018 S9+ was selling for like rm700-rm800?
S9 for 10k was Dec2017.

Last month I got a L3+ for RM300, but dunno what to do with it now hahaha.