pull down to refresh
https://mempool.space/graphs/mining/hashrate-difficulty#2y
my prediction is we will see a seasonal pattern soon. Higher hashrate in when the northern hemisphere is in winter and lower hashrate is summer.
I second this. I have thought this for a while as pleb miners look to utilize their surplus heat and it just makes more sense during colder months.
utilize their surplus heat
Even if heat is unutilized, cooling is just cheaper
Depends.
I spend a lot more on cooling than heating in the northern hemisphere. My electricity bill is essentially double during Jun/Jul/Aug than it is in say Dec/Jan/Feb.
ASICs only need cooling, they never need heating. Never. And cooling is cheaper in winter than in summer.
Some of us use our miners for ez heating in the winter but in the summer when it's 30 celsius outside AC is required in addition.
Great point
@remindme in 6 months
lower hashrate in summer?
It's still spring, summer solstice has not arrived yet
Data farms switching to sell AI compute IMHO.
Would be interesting to see if selling compute to Open Agents is more profitable than mining bitcoin for a GPU.
That just means my hash is worth more.
right!
https://data.hashrateindex.com/network-data/bitcoin-hashprice-index
Maybe it won’t take a decade to get my pool payout after all.
Where do I dig?
Fantastic! Love the pay rise
Isn't this because all the cheap electricity... Is being taken up/consumed by AI compute?
where is electricity cheap? clearly not Europe, clearly not Democrat run states
my prediction is we will see a seasonal pattern soon. Higher hashrate in when the northern hemisphere is in winter and lower hashrate is summer.
I second this. I have thought this for a while as pleb miners look to utilize their surplus heat and it just makes more sense during colder months.
Even if heat is unutilized, cooling is just cheaper
Depends.
I spend a lot more on cooling than heating in the northern hemisphere. My electricity bill is essentially double during Jun/Jul/Aug than it is in say Dec/Jan/Feb.
ASICs only need cooling, they never need heating. Never. And cooling is cheaper in winter than in summer.
Some of us use our miners for ez heating in the winter but in the summer when it's 30 celsius outside AC is required in addition.
Great point
@remindme in 6 months
lower hashrate in summer?
It's still spring, summer solstice has not arrived yet
Data farms switching to sell AI compute IMHO.
Would be interesting to see if selling compute to Open Agents is more profitable than mining bitcoin for a GPU.
That just means my hash is worth more.
right!
https://data.hashrateindex.com/network-data/bitcoin-hashprice-index
Maybe it won’t take a decade to get my pool payout after all.
Where do I dig?
Fantastic! Love the pay rise
Isn't this because all the cheap electricity... Is being taken up/consumed by AI compute?
where is electricity cheap? clearly not Europe, clearly not Democrat run states