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Mining Reports (Use Mouse) |
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Categories Data |
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2018 Summary |
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The difficulty and price fell out of sync. Crypto is supposed to drop difficulty as current rates becomes unprofitable. But this was rarely the case. Big companies like Bitmain operated massive facilities. To drive smaller miner operations out of business short term. They kept rates artificially high. This is why a number of companies abandoned Proof Or Work in favor of Proof Of Stake. However that had it's own set of problems. As the VC money started flowing in. The idea of hybrid systems was mostly abandoned. In short crypto spent more time in hype and less in development. Full Map Image 1 Full Map Image 2 |
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The market shifted from ASIC to GPU in mid 2017. In mid 2018 it went back to ASIC. Most of the shift in cost vs difficulty was Jan to Feb 2018. Prices recovered and peaked February to June 2018. Most companies converted back to ASIC mining by June 2018. In late November 2018 the market bottomed out. Mining data from 2019 will be added after December 1st. This information was collected from WhatToMine.com |
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2019 Summary |
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I did a report on fake volume flooding in from Feb to May 2019. While I saw this pattern emerge as early as Oct 2018. This verifies my report. I said in May the real money started flowing back in. The fake volume trick worked. But it only held for a few months. In the future mining data can help determine fake and legit volume pumps. When difficulty is signfiticantly higher than payouts, above 50% on average the market goes back down. Low difficulty, high payouts equals a solid growth cycle with real money behind it. Full Map Image 1 Full Map Image 2 |
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In 2020 an up pattern should emerge towards March/May. With May/June being the peak. It could bleed into late August like 2019 and 2018. One thing is clear. When crypto goes up or down in a 3-6 month pattern, it will show itself in the mining data. Don't forget that ASICs in 2019 are more powerful than 2018, the same applies to GPU mining. Pascal died, I'm moving onto Aeternity. Several other coins had their $0 payout months. WhatToMine.com |
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2020 Summary |
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2020 was the year BTC did it's half event. That mean $12k, is $6k. For only
3 months crypto market made miners money. The rest was mostly a loss or breaking even. Very few new alts emerged in the mining scene. This stabilized the market, making is easier to stick with one alt coin. There were less massive shifts for difficulty, payout. Full Map Image 1 Full Map Image 2 |
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Even though the 3000's series is more energy intensive. People still bought
the 3080 to act as a replacement for the 2080. Energy costs remain a huge bottleneck. The best setup will only
net the average miner $10k to $20k this year. Great news for anyone not living in America, Europe, Australia.
Staking is not much better in payouts, $11k to $25k. Overall you shouldn't be a full time miner. Not without a serious commitment in hardware, energy. WhatToMine.com |
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