Mining Report

2018 Summary

Data

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.

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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

Coins	Monthly High	Difficulty Low	Month Low	Difficulty High	Value Loss	Difficulty Increase
B Cash Byte Dash Decred Digibyte Ethereum Komodo Lb Credits Lite Monero Mona Pascal Sia Ubiq Verge Zcash	$465 $86.18 $225.30 $55.50 $426 $182.90 $102 $211.50 $318.37 $89.10 $121.20 $210.90 $1,024.55 $180.90 $370.20 $156.30	216,549,000 887,409,957 50,281,504 33,702,492 51,006 2,041,095,665 9,988,712 585,961 583,313 49,463,617,183 37,554 90,840 715,698,599 13,679,448 4,320 5,802,662	$65.40 $0 $14.70 $1.20 $82.50 $30.60 $21.60 $4.20 $78.30 $15 $13.80 $3 $19.60 $29.40 $3.48 $9.90	612,929,000 84,124,148,283 89,892,214 12,442,035,704 2,073,000 3,460,692,356 64,949,125 9,392,093 10,070,355 113,804,069,726 308,700 10,933,200 51,884,577,000 34,205,838 222,971 50,825,275	-85.93% -100% -93.47% -97.83% -80.63% -83.26% -78.82% -98.01% -75.40% -83.16% -88.61% -98.57% -98.08% -83.74% -99.05% -93.66%	183.04% 9,379.73% 78.77% 36,817.25% 3,964.22% 69.55% 550.22% 1,502.85% 1,626.40% 130.07% 722.01% 11,935.66% 7149.50% 150.05% 5,061.36% 775.89%

2019 Summary

Data

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.

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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

Coins	Monthly High	Difficulty Low	Month Low	Difficulty High	Value Change	Difficulty Increase
B Cash Byte Dash Decred Digibyte Ethereum Komodo Lb Credits Lite Monero Mona Pascal Sia Ubiq Verge Zcash	$584.10 $17.70 $428.70 $168.90 $604.20 $62.40 $722.10 $268.80 $420.30 $43.50 $1,265.10 $7.50 $345 $44.10 $888.60 $843.30	185,731,000 38,535,110,792 57,998,061.394 17,172,638,582 36,088 124,577,400 169,991,587 5,169,762.978 120,940 32,802,107,996 324,487 0.399 DEAD 698,476 4,881,068 33,134.049 37,963,539.802	$63.60 $1.80 $14.10 $168.90 $62.70 $29.10 $14.40 $10.50 $68.10 $9.30 $13.50 $0.30 $69.60 $20.70 $68.40 $16.80	409,196,000 125,299,117,984 210,874,370.771 53,221,713,871 824,067 2,597,057,175 294,735,400.330 1,383,493,549,263.680 16,191,432.809 108,153,201,179 1,001,704.455 766,643.287 37,322,748,208 14,361,122 121,256.402 103,817,910.028	818.39% 883.33% 2,940.42% 209.92% 863.63% 114.43% 4,914.58% 2,460% 517.18% 367.74% 9,271.11% 2,400% 395.68% 113.04% 1,199.12% 4,919.64%	120.31% 225.15% 263.58% 28,050% 2,183.49% 1,984.69% 73.38% 26,761,156.85% 13,287.98% 229.71% 208.70% -99.99% 5,343,354.63% 194.22% 265.95% 173.46%

2020 Summary

Data

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.

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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

Coins	Monthly High	Difficulty Low	Month Low	Difficulty High	Value Change	Difficulty Increase
B Cash Byte Dash Decred Digibyte Ethereum Komodo Lb Credits Lite Monero Mona Aeternity Sia Ubiq Verge Zcash	$300 $13.80 $209.40 $286.80 $294.90 $231.30 $368.10 $328.80 $213.60 $7.80 $177 $266.70 $58.20 $70.50 $178.80 $431.40	249,575M 5,936,559,630 130,323,352 15,295,861,643 170,085 2,082,167,741M 186,586,925 290,362M 117,520K 127,003,325,321 1,617,111 8,034,800 2,798,758T 3,105,636M 3,047 40,472,433	$157.80 $1.50 $84.90 $82.50 $56.40 $29.70 $126.90 $18.30 $36.30 $0 (default to $1) $28.80 $38.70 $27 $21 $36 $136.80	554,648M 32,272,393,909 318,323,287 35,256,672,611 5,644M 3,589,632,273M 344,514,161 988,416M 10,585,255 192,783,645,217 4,706,721 39,494,100 5,888,551T 6,400,173M 218,208 70,973,302	90.11% 820% 146.64% 247.63% 422.87% 678.78% 190.07% 1,696.72% 488.42% 680% 514.58% 589.14% 115.55% 235.71% 396.66% 215.35%	122.23% 443.62% 144.25% 130.49% 3,218.34% 72.39% 84.64% 240.40% 8,907.19% 51.79% 191.05% 391.53% 110.39% 106.08% 7,061.40% 75.36%

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