How to Calculate the Profitability of Bitcoin Mining ...

/r/LiteCoinDark

Litecoindark specs... Algorithm: Scrypt Halving: 12813 blocks Initial coins per block: 3200 coins Target spacing: 1 minute Target timespan: 5 hours Coinbase maturity: 5 blocks Max Coins: 82.003.200
[link]

How problem works for bitcoin mining? Bitcoin mining problem chart and mining profitability.

How problem works for bitcoin mining? Bitcoin mining problem chart and mining profitability. submitted by ososru to Bitcoin4free [link] [comments]

How problem works for bitcoin mining? Bitcoin mining problem chart and mining profitability.

How problem works for bitcoin mining? Bitcoin mining problem chart and mining profitability. submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

How problem works for bitcoin mining? Bitcoin mining problem chart and mining profitability.

How problem works for bitcoin mining? Bitcoin mining problem chart and mining profitability. submitted by Rufflenator to 3bitcoins [link] [comments]

Mining profitability Chart. Bitcoin price follows mining profitability and was overpriced

Mining profitability Chart. Bitcoin price follows mining profitability and was overpriced submitted by sutascape to Bitcoin [link] [comments]

Mining profitability Chart. Bitcoin price follows mining profitability and was overpriced

Mining profitability Chart. Bitcoin price follows mining profitability and was overpriced submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Charting Bitcoin Mining Profitability Estimates Over Time - CryptoMeNow

submitted by Cryptoboy88 to cryptomining [link] [comments]

Charting Bitcoin Mining Profitability Estimates Over Time - CryptoMeNow

Charting Bitcoin Mining Profitability Estimates Over Time - CryptoMeNow submitted by Cryptoboy88 to BitcoinMining [link] [comments]

Charting Bitcoin Mining Profitability Estimates Over Time - CryptoMeNow

Charting Bitcoin Mining Profitability Estimates Over Time - CryptoMeNow submitted by cryptoallbot to cryptoall [link] [comments]

Charting Bitcoin Mining Profitability Estimates Over Time - CryptoMeNow

Charting Bitcoin Mining Profitability Estimates Over Time - CryptoMeNow submitted by Cryptoboy88 to altcoinmining [link] [comments]

Charting Bitcoin Mining Profitability Estimates Over Time - CryptoMeNow

Charting Bitcoin Mining Profitability Estimates Over Time - CryptoMeNow submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

Warning: Blockchain difficulty adjustment affecting price movements

Below are notable difficulty adjustments when hash rate fell and block times become slower for Bitcoin.
  1. 26 Mar 2020 [difficulty adjustment -15.95%, avg block time 11min 54secs]. On the 28th price crashed from $6674 to $6138 ( -8%).
  2. 8 Nov 2019 [difficulty adjustment -7.1%, avg block time 10min 46secs]. On the same day price crashed from $9234 to $8783 ( -4.88%).
  3. The next big adjustment was around Nov to Dec 2018 and there were 3 big adjustments with high block times.

Current situation:
We are 1 day 10 hours from the next difficulty adjustment. Projected difficulty adjustment is -5.61% (https://fork.lol/pow/retarget), which could indicate a small dip. However, take note that the date of last adjustment was the 5th and the 3rd halving was on the 11th, between the 5th to the 11th there was increased hashrate from miners trying to mine the final week of 12.5btc that offset the really slow block times after the halving. Therefore it will be the next difficulty adjustment after the one on the 20th that will completely reflect the slower block times after the halving. Currently the median block time taken on the 17th was around 14min (-28.5% difficulty adjustment).
For people who do not understand blockchain, basically with the Bitcoin 3rd halving, mining profitability fell for a lot of miners and they probably turned off their miners therefore the blockchain mining time became considerably slower which is reflected with slow transaction speed and higher fees as seen currently. Bitcoin sellers moving their BTC from wallet to an exchange are faced with slow transaction speed and therefore the sell pressure of BTC fell considerably which will attribute to the current price increase. There is a correlation between sell pressure and blockchain congestion (the size of the correlation is undetermined).
There is going to be a race. A race between BTC price hiking high enough to attract more miners to reduce avg block times versus the closing window of roughly 2 weeks before the next difficulty adjustment. If the price does not jump high enough, the next difficulty adjustment in the first week of June could signal a huge dip.
I am not an expert. I just did some research on the above and wanted to share with fellow Bitcoin compatriots so that we can tread with caution and not lose our shirts. I do not plan to short BTC but I will exit my BTC positions if I expect double digit negative difficulty adjustment in early June.
Please visit the original post here https://www.reddit.com/Bitcoin/comments/gm23pe/warning_blockchain_difficulty_adjustment/
There are pictures in the original post as well as 2nd halving evidence with pics. I could not post pics here. If possible please upvote the original post, a lot of people downvote it. Not sure why people downvote it, maybe veterans attempting to hide information from newcomers to fleece them of their shirt.

Update 1:>! As of writing, I have opened a small short position on Bitcoin. Stop loss around 10k, estimated take profit around 8500. The reason is because the difficulty adjustment in the next 20 hours, even though is just -5% roughly is still significant. I direct you to look into all the difficulty adjustments in the last 2 years and you will know how rare it is. The ones I caught were all listed at the very top of the post. Since it is my first time shorting BTC, I take this as a learning opportunity so that I will have some experience to face the bigger difficulty adjustment in the first week of June. Analysis into execution, even in failure I am happy.!<
Update 2: The difficulty adjustment (DA) happened roughly 6 hours ago and the sell pressure from -6% DA did not seem to be affecting the market much. However, please take a look now at the estimation for the next DA.
On https://bitcoin.clarkmoody.com/dashboard/ it is estimated to be -25%.
On https://fork.lol/pow/retarget estimated to be -18%.
On https://www.blockchain.com/charts/median-confirmation-time the median block time for the last day was 16.8min.
My original proposition that the true DA of the halving can only be realized in the next DA stands and that it will be considerable. The increased sell pressure from that DA will be highly significant. That is why there is a race by current miners to get the BTC price up high enough to attract more miners to not have the DA drop too much.
Update 3: Current BTC price at $9100 ( ~39 hours after DA). Then again BTC could have dropped from all sorts of reason. However the coincidence with the DA and with all the past DA is just too high to simply shrug off as irrelevant. Anyways past result cannot predict future ones, stay safe with the trading. Will no longer check on this post.
References:
Difficulty adjustment dates taken from https://btc.com/stats/diff
Bitcoin graph history for price movement taken from coinmarketcap.
Median confirmation time (block time) taken from https://www.blockchain.com/charts/median-confirmation-time

Credits to people who assisted the analysis:
kairepaire for pointing out faster block times between 5th-11th.
babies_eater for https://fork.lol/pow/retarget
moes_tavern_wifi for https://bitcoin.clarkmoody.com/dashboard/
Pantamis for https://diff.cryptothis.com/
submitted by theforwardbrain to BitcoinMarkets [link] [comments]

Mining pools shutting down

Chinese mining pool BytePool shuts down.
BitFury, once one of the largest pools, has apparently evaporated.
submitted by jstolfi to Buttcoin [link] [comments]

DigiByte Mining Pool - Official Launch - 50,000 DGB Giveaway!

DigiByte Mining Pool - Official Launch - 50,000 DGB Giveaway!

https://preview.redd.it/1hlax7cksas51.png?width=2000&format=png&auto=webp&s=6893e01650cfdd3a778df5705a0382ad8b382488
I have been working hard on the front-end of my pool for the past couple of months. Anyone who saw v1.0 will be shocked to see the progress it's made. It now has a fantastic front-end with detailed charts, graphs, and user stats, all in a sleek Bootstrap 4.0 layout.
Miners....come join us at https://Luckyblocks.ninja
I wanted to offer support for all Algo's, and initially, I did. But after talking with DigiByte developers, and taking their advice this was changed to support only Scrypt and SHA256D. Until ProgPOW is implemented GPU mining is pointless, so this ultimately is why I chose Scrypt and SHA256D.
Another feature of the pool is BTC and LTC Solo Mining for any of you guys out there that have some gear that's not profitable to mine with anymore and just want to play the blockchain lottery. Wouldn't it be nice to wake up with 6.25 Bitcoin in your wallet one morning?
General Pool Features are:
  • Asic-Boost Supported
  • Ultra-efficient handcrafted code
  • Transaction fees paid to miners
  • VarDiff & Static Diff Supported
  • Anonymous mining to your wallet
  • Solo Mining
  • No withdraw fees
  • No registration
  • No pool wallets
Ready to join up? Head over to https://Luckyblocks.ninja to get started.
PS - Did I mention we're going to give one lucky miner 50,000 DigiByte?
Want to know more about the Giveaway? https://Luckyblocks.ninja/faq
submitted by WeDontServeYourKind to Digibyte [link] [comments]

Bitcoin hash rate hits an all-time high again

Bitcoin hash rate hits an all-time high again submitted by Miladran to Bitcoin [link] [comments]

Mining Companies Seize Mining Bitcoin due to unprofitability? Your views.

Mining Companies Seize Mining Bitcoin due to unprofitability? Your views.
Hello People,

Was going over some Publicly listed companies that mine cryptocurrencies and came through this chart below:

Source: Hive Blockchain Technologies LTD; Coinmarketcap.com; blockchain.com
In their Corporate presentation, it was written that they have seized mining bitcoin, mainly due to mining costs that became higher than the reward (un-profitability). Is this something that raises concern over the price and value of a bitcoin? and is this a trend between large mining facilities?
If this is is yet to a be trend at this moment, won't it become one in the next 4,8,12, etc years as more and more halvings are due?
Ignoring other factors, it seems imminent that either bitcoin price skyrockets to match the costs to buy bitcoin, or it flats out mainly due to miners moving towards altcoins. If the latter happens, then, bitcoin transactions won't be processed and it becomes more or less useless.
I am just thinking out loud here, and not trying to be a pessimist or an optimist. What are your views on the matter?
TLDR: Large-scale mining companies seize mining BTC, is this a trend? If BTC price doesn't accommodate the cost to mine, then BTC price might go flat. Do you agree, or disagree? Why?

Source of presentation and info: https://www.hiveblockchain.com/investors/presentation
Disclaimer: I am in no way advocating or not advocating that company, but merely presenting some information I came by.
submitted by Suheilaaita to Bitcoin [link] [comments]

Warning: Blockchain difficulty adjustment affecting price movement

Warning: Blockchain difficulty adjustment affecting price movement
Below are notable difficulty adjustments when hash rate fell and block times become slower for Bitcoin.
  1. 26 Mar 2020 [difficulty adjustment -15.95%, avg block time 11min 54secs]. On the 28th price crashed from $6674 to $6138 ( -8%).
  2. 8 Nov 2019 [difficulty adjustment -7.1%, avg block time 10min 46secs]. On the same day price crashed from $9234 to $8783 ( -4.88%).
  3. The next big adjustment was around Nov to Dec 2018 and there were 3 big adjustments with high block times.
  • 19 Dec 2018 [-9.56%, avg block time 11min 3secs]
  • 3 Dec 2018 [-15.13%, avg block time 11min 47secs]
  • 17 Nov 2018 [-7.39%, avg block time 10min 48secs]
  • There was huge drop off starting on 14th Nov all the way to a bottom on 14-15th Dec ($6351 to $3288 around -48%).

Current situation:
We are 1 day 10 hours from the next difficulty adjustment. Projected difficulty adjustment is -5.61% (https://fork.lol/pow/retarget), which could indicate a small dip. However, take note that the date of last adjustment was the 5th and the 3rd halving was on the 11th, between the 5th to the 11th there was increased hashrate from miners trying to mine the final week of 12.5btc that offset the really slow block times after the halving. Therefore it will be the next difficulty adjustment after the one on the 20th that will completely reflect the slower block times after the halving. Currently the median block time taken on the 17th was around 14min (-28.5% difficulty adjustment).

https://preview.redd.it/ysnv85wh0lz41.jpg?width=597&format=pjpg&auto=webp&s=e130b077f9dc2fc9d02666ef89e6f9249a05f535
For people who do not understand blockchain, basically with the Bitcoin 3rd halving, mining profitability fell for a lot of miners and they probably turned off their miners therefore the blockchain mining time became considerably slower which is reflected with slow transaction speed and higher fees as seen currently. Bitcoin sellers moving their BTC from wallet to an exchange are faced with slow transaction speed and therefore the sell pressure of BTC fell considerably which will attribute to the current price increase. There is a correlation between sell pressure and blockchain congestion (the size of the correlation is undetermined).
There is going to be a race. A race between BTC price hiking high enough to attract more miners to reduce avg block times versus the closing window of roughly 2 weeks before the next difficulty adjustment. If the price does not jump high enough, the next difficulty adjustment in the first week of June could signal a huge dip.
I am not an expert. I just did some research on the above and wanted to share with fellow Bitcoin compatriots so that we can tread with caution and not lose our shirts. I do not plan to short BTC but I will exit my BTC positions if I expect double digit negative difficulty adjustment in early June.

Bitcoin 2nd halving evidence:

2nd halving falls between the 5th and the 19th adjustment so it is only reflected on the 3rd of Aug difficulty adjustment ( -5.43%).

See the dip on the 3rd of August. Price fell from $600 to $533 about 11% drop.
Update 1:>! As of writing, I have opened a small short position on Bitcoin. Stop loss around 10k, estimated take profit around 8500. The reason is because the difficulty adjustment in the next 20 hours, even though is just -5% roughly is still significant. I direct you to look into all the difficulty adjustments in the last 2 years and you will know how rare it is. The ones I caught were all listed at the very top of the post. Since it is my first time shorting BTC, I take this as a learning opportunity so that I will have some experience to face the bigger difficulty adjustment in the first week of June. Analysis into execution, even in failure I am happy.!<
Update 2: The difficulty adjustment (DA) happened roughly 6 hours ago and the sell pressure from -6% DA did not seem to be affecting the market much. However, please take a look now at the estimation for the next DA.
On https://bitcoin.clarkmoody.com/dashboard/ it is estimated to be -25%.
On https://fork.lol/pow/retarget estimated to be -18%.
On https://www.blockchain.com/charts/median-confirmation-time the median block time for the last day was 16.8min.
My original proposition that the true DA of the halving can only be realized in the next DA stands and that it will be considerable. The increased sell pressure from that DA will be highly significant. That is why there is a race by current miners to get the BTC price up high enough to attract more miners to not have the DA drop too much.
References:
Difficulty adjustment dates taken from https://btc.com/stats/diff
Bitcoin graph history for price movement taken from coinmarketcap.
Median confirmation time (block time) taken from https://www.blockchain.com/charts/median-confirmation-time

Credits to people who assisted the analysis:
kairepaire for pointing out faster block times between 5th-11th.
babies_eater for https://fork.lol/pow/retarget
moes_tavern_wifi for https://bitcoin.clarkmoody.com/dashboard/
Pantamis for https://diff.cryptothis.com/
submitted by theforwardbrain to Bitcoin [link] [comments]

TA Gurus, explain my chart..

TA Gurus, explain my chart..
This is a chart I made up that roughly correlates Bitcoin market cap to Bitcoin mining costs. It is "normalized" through the halvenings. It definitely shows a downward trend. The "normalization" for halvenings applies a 100% coefficent post 2020 halvening, a 50% coefficent after the 2016 halvening and a 25% coefficent before the 2016 halvening.
The formula sprung from a discussion I was having on BTC wealth redistribution, and how the BTC holders rely on the miners to secure the chain. The counter argument was that the holders could just pay for the mining themselves.
Since bitcoin is non-inflationary, this could be thought of as a type of negative interest rate. If every holder had to offer a 100% subsidy to the miners to maintain the blockchain, what would that look like in the terms of a continual interest rate. So here's the formula.
Continual Interest function: A = P*exp(r*t) ln(A) = ln(P) + rt r = ln(A) / ln(P) / t r = ln(A/P) / t # (where t = 1/365, aka one day) r = ln(1 + I/P) / t # (where A/P = 1+I/P; with 'I' being pct growth interest = norm_coef * ln(1 + daily_mining_cost / btc_market_cap) * 365 
The datasource is from bitinfocharts.com referencing "Market Capitalization", "Hashrate" and "Mining Profitability" fields. "Daily Mining Cost" is derived by "Profitability * Hashrate" once correcting for unit scales.
So why is it after normalizing for the halvenings this interest function is on a negative trend over the last 5 years?
--
Interest -v- Date
--
submitted by brianddk to Bitcoin [link] [comments]

Price Increase Drives 98% of Bitcoin Holders Into a State of Profit (current BTC/USD price is $13,052.74)

Latest Bitcoin News:
Price Increase Drives 98% of Bitcoin Holders Into a State of Profit
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Bitcoin Mining Rigs Struggle for Profits, Despite BTCs Hashrate Reaching an All-Time High (current BTC/USD price is $11,534.50)

Latest Bitcoin News:
Bitcoin Mining Rigs Struggle for Profits, Despite BTCs Hashrate Reaching an All-Time High
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

A trading system based on indicator CCI

A trading system based on indicator CCI
Wikipedia Commodity channel index
Commodity Index indicator is very simple in fact, though it has such a fancy name. Indicators in TSLab are based on C#. For those who have programming skills we provide API and indicator code samples at our Forum. CCI is available in TSLab as other indicators as well, but I would like to demonstrate a self-made one built according to wiki formulas. It is very easy to build new indicators by means of TSLab. CCI consists of Typical Price and Simple Moving Average. TSLab already has all to create CCI, but I showed in the indicator how to create Typical Price and Simple Moving Average. I urge you to study indicators. Making changes to indicators you get a chance to create a better one. Here is a customized CCI indicator. I applied adaptive moving average instead of simple moving average. And I applied exponential average instead of typical price. The chart in the middle shows the original CCI and the self-made one. As you may see their values are identical, as CCI in TSLab is done as it is described in wiki.

https://preview.redd.it/qyo63qnda5q51.png?width=1128&format=png&auto=webp&s=01c60fb93ad72dc72d024fb83aec4ec0d99b40ab
The lowest chart shows the customized indicator. It has clearly seen divergences.

https://preview.redd.it/f3c8vruha5q51.png?width=1913&format=png&auto=webp&s=e8a7aac86d88575907d8792e45e108e1bacb0cfb
Though it is not so unstable as the original one, it seems to be more flat. Wiki offers 2 types of strategies, saying that there are different points of view on this indicator. To build these strategies I am going to use my customized indicator instead of the original one. Some people think that in case with long positions we should buy, when CCI is higher than 100 and sell, when it is lower than 100. And for short positions – Sell when CCI is lower than -100 and close a short position, when CCI is higher than -100. For example this strategy doesn’t seem to be profitable with bitcoin at all.

https://preview.redd.it/xpgqp5xla5q51.png?width=1919&format=png&auto=webp&s=49fa5366938ef780d95c227ec1d549f6a8047077
Other people recommend using zero value as a signal calling this strategy Zero CCI. It means - buy (open a long position or close a short position), when Commodity Index is higher than zero or sell (close a long position, open a short position), when CCI is below zero.

https://preview.redd.it/gyisxbiqa5q51.png?width=1917&format=png&auto=webp&s=1885c903401b9eae93e58772ea46145a2605e47f
Let’s build a script which comprises both variants and resolve the dispute by means of optimization. If we think a bit we can see that there is one more strategy besides these two, this is to use average of CCI instead of signal lines. And we can at least combine all three strategies together. For example, we can enter a position at about zero point. And close long positions when CCI crosses its average, when the indicator is higher than 100 and lower than -100 for short positions. My customized indicator won’t do for this strategy because of divergences. The original one won’t do either as it is not stable and there can be many false signals. Try to create an indicator as flat as mine or even better but with fewer divergences.
Good luck to everyone!
submitted by AlGo- to TSLab [link] [comments]

Bitcoin.com has lots of great new charts! In addition to Bitcoin Cash Stuff, what other charts do people want to see?

Bitcoin.com has lots of great new charts! In addition to Bitcoin Cash Stuff, what other charts do people want to see? submitted by MemoryDealers to btc [link] [comments]

Is Bitcoin and Ethereum Mining Still Actually PROFITABLE ... Bitcoin Mining Profitability - Learn How To Make Money ... Is BITCOIN MINING Profitable RIGHT NOW In Mid 2019? - YouTube What Do YOU Need to MINE ONE BITCOIN In 2020?! - YouTube Is Mining Bitcoin Still Profitable in 2020? - YouTube

Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners since May 2013 - developed by an OG Bitcoin miner looking to maximize on mining profits and calculate ROI for new ASIC miners. Updated in 2020, the newest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware. Calculate Bitcoin (BTC) mining profitability in realtime based on hashrate, power consumption and electricity cost. BTC exchange rates, mining pools. BTC exchange rates, mining pools. $12,976.61 $62.75 $412.92 $126.63 $5.37 $72.44 $55.67 Follow @WhatToMine dark mode Bitcoin Cash Mining Profitability USD/Day for 1 THash/s Chart Should the price of bitcoin stay stable at its current level of $11,000 and should the bitcoin mining difficulty remain steady at 2,874,674,234,416 GH/s, according to the CoinWarz Bitcoin Mining Profitability Calculator, it would take you 372 days to break even and 879 days to mine one whole bitcoin. The annual income, using the above-mentioned assumptions of price and mining difficulty ... The Bitcoin difficulty chart provides the current Bitcoin difficulty (BTC diff) target as well as a historical data graph visualizing Bitcoin mining difficulty chart values with BTC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time

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Is Bitcoin and Ethereum Mining Still Actually PROFITABLE ...

Profit Bot Pro - https://profitbotpro.com How To Use Profit Bot Pro - https://www.youtube.com/watch?v=RHISW8R5-Xg Sub to SavageMine! - https://www.youtube.co... What do you need to mine one Bitcoin BTC coin in 2020? Let's review Bitcoin mining profitability and what BTC mining rigs you would need to mine an entire co... How To Make Money in Bitcoin Mining? Discover how to earn Bitcoin fast and easy with just a few clicks of your mouse. Work from home and make a FULL TIME INC... Are USB Bitcoin Miners profitable right now? This video will show you all of the facts you need to know about usb bitcoin miners and how much money they actu... Is it still profitable to mine Bitcoin and Ethereum cryptocurrency in 2020?! Coronavirus and Bitcoin Halving, industrial farms struggling on profitability. S...

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