4th Bitcoin halving done

[Hanno Labuschagne]

4th Bitcoin halving done

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

The once-every-four-years event cut in half the so-called mining reward, which is the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions.

[Bloomberg]

 

[HAL 9000]

 

[DapperDanMan]

Price drops incoming on all graphics cards!!!

 

[leon.davibe]

Price drops incoming on all graphics cards!!!

well actually not the case
bitcoin hasn't been mined on gpu's for probably more than a decade

 

[Snyper564]

well actually not the case
bitcoin hasn't been mined on gpu's for probably more than a decade

used for other crypto it will happen but not just yet

 

[leon.davibe]

used for other crypto it will happen but not just yet

Yea so more dependant on the prices of coins that have algos that can run on gpu

And naturally whatever happens on their networks

Imo the last dip has happened already
With eth moving to proof of stake long time ago

the prices now is more related to the absolute processing power these gpu's pack and the fact that people have been willing to buy at those prices

ie if you can build an M3 for the cost of a 330i you don't necessarily sell them at the profit margin of a 330i

 

[Swa]

It's not an update. Nothing in the code has changed.

 

[Swa]

Yea so more dependant on the prices of coins that have algos that can run on gpu

And naturally whatever happens on their networks

Imo the last dip has happened already
With eth moving to proof of stake long time ago

the prices now is more related to the absolute processing power these gpu's pack and the fact that people have been willing to buy at those prices

ie if you can build an M3 for the cost of a 330i you don't necessarily sell them at the profit margin of a 330i

I think the last major pump has happened. Everything will now fizzle out and the ones that remain will just keep trading at more realistic levels. I also think miners are going to have to adjust more to the prices that the market determines as there's no reason prices have to be related to cost.

 

[leon.davibe]

I think the last major pump has happened. Everything will now fizzle out and the ones that remain will just keep trading at more realistic levels. I also think miners are going to have to adjust more to the prices that the market determines as there's no reason prices have to be related to cost.

Yea cost to mine is irrelevant to price of coin , and price is also kinda irrelevant to mining ,there will allways be profitable miners, the hash rate just changes for the equation to allways remain positive/profit

When i said dip i wasn't referring to coin price , but gpu prices

 

[Broo]

The Rand halves quite often too

 

[L-Dog]

Get rekt on runes lets see if it pays off!

 

[EastAfricaGuy]

Can I use my 12Gen core i7, 16GB RAM Dell Laptop to mine Bitcoin?

I mean, there is no load shedding where I live, 24 hours Wi-Fi from AfriHost.

I can just leave my laptop plugged in 24 hours do the mining.

 

[backstreetboy]

Can I use my 12Gen core i7, 16GB RAM Dell Laptop to mine Bitcoin?

I mean, there is no load shedding where I live, 24 hours Wi-Fi from AfriHost.

I can just leave my laptop plugged in 24 hours do the mining.

No only ASIC miners.

Just buy / hold BTC or ETH using https://valr.com/invite/VAQUJKDJ or Luno.

 

[Conack]

No only ASIC miners.

Just buy / hold BTC or ETH using https://valr.com/invite/VAQUJKDJ or Luno.

Don't do that.
Buy from someone direct and store in a personal wallet / cold storage. Exchanges are a bad place to hold crypto.

 

[backstreetboy]

Don't do that.
Buy from someone direct and store in a personal wallet / cold storage. Exchanges are a bad place to hold crypto.

If you buy a small amount monthly the fees will eat you up if you do that.

 

[Snyper564]

Can I use my 12Gen core i7, 16GB RAM Dell Laptop to mine Bitcoin?

I mean, there is no load shedding where I live, 24 hours Wi-Fi from AfriHost.

I can just leave my laptop plugged in 24 hours do the mining.

power will cost more than the pc is able to generate

the days a simple laptop could do anything like that died about 8 years ago. likely looking at 0.5usd a day without power expense...

 

[EastAfricaGuy]

power will cost more than the pc is able to generate

the days a simple laptop could do anything like that died about 8 years ago. likely looking at 0.5usd a day without power expense...

By 'power' you mean Electricity consumption or Computer Processing power?

 

[Snyper564]

By 'power' you mean Electricity consumption or Computer Processing power?

electricity mining chows power. Your income will be less than R5 a day.... with zero power considerations.

 

[leon.davibe]

If you buy a small amount monthly the fees will eat you up if you do that.

If you buy small amounts leave on exchange and only withdraw once bigger amount

If you have small utxo's when fees are low consolidate utxo's

 

[leon.davibe]

Can I use my 12Gen core i7, 16GB RAM Dell Laptop to mine Bitcoin?

I mean, there is no load shedding where I live, 24 hours Wi-Fi from AfriHost.

I can just leave my laptop plugged in 24 hours do the mining.

Crypto coins mining profit calculator compared to Ethereum Classic

Calculate how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin

whattomine.com

Haven't checked in a while but with our prices it tends to be not worthwhile

If you have spare solar maybe
Especially in winter ie heaters that return some pennies/rands

Can also just install nicehash and hash a bit to get an idea if you don't want to use the calculators