Topic: AMHash1: Cost-Effective Mining Contract - page 104. (Read 304259 times)
Has anyone who transferred from hashie.co received a payment yet?
regardless of mining power 3600BTC(roughly) will still be mined per day.........
There never is any meaningful volume.
BTC on a good 24 hours maybe turns over what 50 million dollars.
That´s like 1/60th of Facebook volume in a 6 1/2 hr. market session.
But IF BTC is to amount to anything in the future then massive volume
will come in at some point. With such a tiny float a billion dollars could
send it up dozens of percent in virtually minutes.
dam sorry guys really thought i could have helped move the bitcoin price back up. I will start saving some pennies hahaThe point is that stuff that is taken seriously and trades on exchanges
that don´t suddenly abscond with all the funds typiclly turns over billions of
dollars during a 6 1/2 hour session while bitcoin over 24 hours has a volume
just a fraction of that. It´s really just pocket lint.
Not to mention Forex. That trades like $5 Trillion per day.
How do you calculate how much affect each percent increase in difficulty will have on dividend/general mining?
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regardless of mining power 3600BTC(roughly) will still be mined per day.........
There never is any meaningful volume.
BTC on a good 24 hours maybe turns over what 50 million dollars.
That´s like 1/60th of Facebook volume in a 6 1/2 hr. market session.
But IF BTC is to amount to anything in the future then massive volume
will come in at some point. With such a tiny float a billion dollars could
send it up dozens of percent in virtually minutes.
dam sorry guys really thought i could have helped move the bitcoin price back up. I will start saving some pennies haha So maybe if those advocates of bitcoin could shut up completely
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
I myself am a bit libertarian, however i am more practical than libertarian, i love freedom but i also understand that the perfect society does not have any laws because they self regulate at the individual level, so no regulation is needed, laws are only needed to correct harmful social misconduct in the view of a long term sustainable future, this is not the case in the actual state of social evolution, right now to be libertarian is to be delusional if you do not understand this simple axiom.
So, as most of the people is just self-centered and therefore greedy, unfortunately a higher force is needed and this is called regulation, the social experiment of bitcoin will prove this right, the hard way sadly...
Exactly.
However, my analysis is half baked, because if we were the ones in the position of the "greedy Chinese", we will probably be doing the same, even when i think that i myself will try to implement some guild or cartel trying to get the other mine owners to implement rules of behaviour in order to extend the life of the ecosystem.
So Bitcoin is a beautiful but flawed initiative, because it could work in a situation where the individuals have more or less the same long term vision sense, like in the Star Trek's future, but not in early 21st century, i think this will collapse in less than 3 years if regulation or at least self regulation takes place.
Well, if it becomes general consensus that bitcoin is doomed
then that view will become oversold if you will and then the
marketplace will presumably take measures to ensure that it
survives. My belief in the rationality of healthy markets is
unshakable. There will be a tipping point, maybe a gigantic
scam much bigger than Mt. Gox or a major mining bankruptcy.
There is way too much complacency and penny stock-to the
moon mentality. A major shock could do wonders for reality
perception.
You've said the magic words: "Healthy Markets" i don't think this is a healthy market anymore from what i've seen since 2011 up to date...
So maybe if those advocates of bitcoin could shut up completely
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
I myself am a bit libertarian, however i am more practical than libertarian, i love freedom but i also understand that the perfect society does not have any laws because they self regulate at the individual level, so no regulation is needed, laws are only needed to correct harmful social misconduct in the view of a long term sustainable future, this is not the case in the actual state of social evolution, right now to be libertarian is to be delusional if you do not understand this simple axiom.
So, as most of the people is just self-centered and therefore greedy, unfortunately a higher force is needed and this is called regulation, the social experiment of bitcoin will prove this right, the hard way sadly...
Exactly.
However, my analysis is half baked, because if we were the ones in the position of the "greedy Chinese", we will probably be doing the same, even when i think that i myself will try to implement some guild or cartel trying to get the other mine owners to implement rules of behaviour in order to extend the life of the ecosystem.
So Bitcoin is a beautiful but flawed initiative, because it could work in a situation where the individuals have more or less the same long term vision sense, like in the Star Trek's future, but not in early 21st century, i think this will collapse in less than 3 years if regulation or at least self regulation takes place.
Well, if it becomes general consensus that bitcoin is doomed
then that view will become oversold if you will and then the
marketplace will presumably take measures to ensure that it
survives. My belief in the rationality of healthy markets is
unshakable. There will be a tipping point, maybe a gigantic
scam much bigger than Mt. Gox or a major mining bankruptcy.
There is way too much complacency and penny stock-to the
moon mentality. A major shock could do wonders for reality
perception.
So maybe if those advocates of bitcoin could shut up completely
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
I myself am a bit libertarian, however i am more practical than libertarian, i love freedom but i also understand that the perfect society does not have any laws because they self regulate at the individual level, so no regulation is needed, laws are only needed to correct harmful social misconduct in the view of a long term sustainable future, this is not the case in the actual state of social evolution, right now to be libertarian is to be delusional if you do not understand this simple axiom.
So, as most of the people is just self-centered and therefore greedy, unfortunately a higher force is needed and this is called regulation, the social experiment of bitcoin will prove this right, the hard way sadly...
Exactly.
However, my analysis is half baked, because if we were the ones in the position of the "greedy Chinese", we will probably be doing the same, even when i think that i myself will try to implement some guild or cartel trying to get the other mine owners to implement rules of behaviour in order to extend the life of the ecosystem.
So Bitcoin is a beautiful but flawed initiative, because it could work in a situation where the individuals have more or less the same long term vision sense, like in the Star Trek's future, but not in early 21st century, i think this will collapse in less than 3 years if regulation or at least self regulation takes place.
So maybe if those advocates of bitcoin could shut up completely
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
I myself am a bit libertarian, however i am more practical than libertarian, i love freedom but i also understand that the perfect society does not have any laws because they self regulate at the individual level, so no regulation is needed, laws are only needed to correct harmful social misconduct in the view of a long term sustainable future, this is not the case in the actual state of social evolution, right now to be libertarian is to be delusional if you do not understand this simple axiom.
So, as most of the people is just self-centered and therefore greedy, unfortunately a higher force is needed and this is called regulation, the social experiment of bitcoin will prove this right, the hard way sadly...
Exactly.
So maybe if those advocates of bitcoin could shut up completely
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
I myself am a bit libertarian, however i am more practical than libertarian, i love freedom but i also understand that the perfect society does not have any laws because they self regulate at the individual level, so no regulation is needed, laws are only needed to correct harmful social misconduct in the view of a long term sustainable future, this is not the case in the actual state of social evolution, right now to be libertarian is to be delusional if you do not understand this simple axiom.
So, as most of the people is just self-centered and therefore greedy, unfortunately a higher force is needed and this is called regulation, the social experiment of bitcoin will prove this right, the hard way sadly...
But, as no one is going to step up and regulate the miners, they will mine the shit out of bitcoin until the well is dry....
So maybe if those advocates of bitcoin could shut up completely
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
for a year and let more mainstream people do the talking to the
common man this would most likely bolster interest.
I mean, when the common man has heard those morons go on about evil fiat
and government fucking five hundred times they begin to associate bitcoin
with barf bags.
and government fucking five hundred times they begin to associate bitcoin
with barf bags.
But of course big money isn´t going to put any meaningful capital
into "exchanges" where you really have to withdraw all funds daily
because the operation might be gone the morning after.
into "exchanges" where you really have to withdraw all funds daily
because the operation might be gone the morning after.
That is because "money goes where more money can be made..."
And in the actual situation any investor seeing how this ecosystem is being driven, no one will pour millions of dollars into a business which main product takes always more an more resources to be produced...
Yes, but meaningful volume say at least 250-500 million dollars/day
would eat up product really fast. Tiny float, price would skyrocket.
But of course that would require real and regulated exchanges, and
that´s not really something that those libertarian zealots are fond of.
But of course big money isn´t going to put any meaningful capital
into "exchanges" where you really have to withdraw all funds daily
because the operation might be gone the morning after.
into "exchanges" where you really have to withdraw all funds daily
because the operation might be gone the morning after.
That is because "money goes where more money can be made..."
And in the actual situation any investor seeing how this ecosystem is being driven, no one will pour millions of dollars into a business which main product takes always more an more resources to be produced...
But of course big money isn´t going to put any meaningful capital
into "exchanges" where you really have to withdraw all funds daily
because the operation might be gone the morning after.
The libertarian system looks good on paper but when it´s put into
practice you get all this criminal garbage like shitflies on dung and
it totally destroys market confidence.
into "exchanges" where you really have to withdraw all funds daily
because the operation might be gone the morning after.
The libertarian system looks good on paper but when it´s put into
practice you get all this criminal garbage like shitflies on dung and
it totally destroys market confidence.
regardless of mining power 3600BTC(roughly) will still be mined per day.........
There never is any meaningful volume.
BTC on a good 24 hours maybe turns over what 50 million dollars.
That´s like 1/60th of Facebook volume in a 6 1/2 hr. market session.
But IF BTC is to amount to anything in the future then massive volume
will come in at some point. With such a tiny float a billion dollars could
send it up dozens of percent in virtually minutes.
BTC price = 287 on Bitstamp. Are we facing a bump upcoming or BTC is dying.
$ 286.81 (-8.98 %)
Estimated Next Difficulty: 45,872,728,865 (+12.87%)
Adjust time: After 1337 Blocks, About 8.4 days
"These are the times that try men's souls." like the man said.
The market is always right. For a year it has been trying to wash out
excess mining capacity. But still it balloons. The question is what it takes.
Maybe $250, 225, 200 who knows. Something has got to give.
I concur with Galdur, the main reason bitcoin keeps devaluing is that it is being over mined, now if all the major mines would come together in a guild or pact to limit the damage to the bitcoing ecosystem and keep the mining capacity at some calculated level, the result will be that mining contracts prices will rise, difficulty will decrease and bitcoin price will rise.
The original intention of the mining was to be rewarded for processing transactions, Satoshi Nakamoto knew of this and there are some references around that says that in the end mining for the profit will become irrelevant and the reward should come from the transaction processing, of course that will happen if the transaction volume will rise 10 fold of what it is today, but the hard cold truth is that the greedy Chinese looks incapable to grasp this wise view of the ecosystem.
They know that they have until mid-2016 to mine the shit out of bitcoin, after that, mining becomes economically unpractical at the difficult levels we are seeing just today, coupled with electricity prices and maintenance, so the Ragnarok will surely come when reward halves in mid-2016.
Until then, bitcoin will lose more value and supporters, the general faith will erode, and the Chinese will keep pumping more money into new mines to get even less money back and then we will be left with a bitcoin which average price is about $150 or less.
Bleak... again the only constant in the Universe is human stupidity...
If you really believe in Bitcoin then the USD is irrelevant long term...atleast I keep telling myself that
regardless of mining power 3600BTC(roughly) will still be mined per day.........
BTC price = 287 on Bitstamp. Are we facing a bump upcoming or BTC is dying.
$ 286.81 (-8.98 %)
Estimated Next Difficulty: 45,872,728,865 (+12.87%)
Adjust time: After 1337 Blocks, About 8.4 days
"These are the times that try men's souls." like the man said.
The market is always right. For a year it has been trying to wash out
excess mining capacity. But still it balloons. The question is what it takes.
Maybe $250, 225, 200 who knows. Something has got to give.
I concur with Galdur, the main reason bitcoin keeps devaluing is that it is being over mined, now if all the major mines would come together in a guild or pact to limit the damage to the bitcoing ecosystem and keep the mining capacity at some calculated level, the result will be that mining contracts prices will rise, difficulty will decrease and bitcoin price will rise.
The original intention of the mining was to be rewarded for processing transactions, Satoshi Nakamoto knew of this and there are some references around that says that in the end mining for the profit will become irrelevant and the reward should come from the transaction processing, of course that will happen if the transaction volume will rise 10 fold of what it is today, but the hard cold truth is that the greedy Chinese looks incapable to grasp this wise view of the ecosystem.
They know that they have until mid-2016 to mine the shit out of bitcoin, after that, mining becomes economically unpractical at the difficult levels we are seeing just today, coupled with electricity prices and maintenance, so the Ragnarok will surely come when reward halves in mid-2016.
Until then, bitcoin will lose more value and supporters, the general faith will erode, and the Chinese will keep pumping more money into new mines to get even less money back and then we will be left with a bitcoin which average price is about $150 or less.
Bleak... again the only constant in the Universe is human stupidity...
On the Hashnest farm 0.0003 today and S2 market 0.0002 
Do they accept credit cards ?
How can I pay for my order? Can I use credit cards, Paypal or Western Union?
USD bank transfer has been added for the S4, however for all other products only Bitcoin payment is accepted. Besides, we also accept USD wires. Please email us at [email protected] to get USD remittance info when placing an order to be paid by USD bank transfer.
On the Hashnest farm 0.0003 today and S2 market 0.0002
Wow. I bought some at .00049 and thought it would recover. Seems the christmas offer caused a lot of panic sells.
If we want to see a boost in price bitmain needs to remove their gigantic "sales" at 0.0005 and the few slightly above it.
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