Cleaning mining hardware is started, but I think it is now too late,
Check thread;
https://bitcointalksearch.org/topic/pending-sales-2x-knc-jupiter-630ghs-610ghs-november-usa-419632
https://bitcointalksearch.org/topic/wts-cleaning-all-my-miners-avalonantminer-s1usb-antknc-jumptercointerra-397876
Topic: BTC Beginning of the End ! - page 3. (Read 6698 times)
Now we have four large a country of where Bitcoin is severely sanctioned,
or half of the earth, in an area with about 2.8 billion people.
or half of the earth, in an area with about 2.8 billion people.
Oh well, only 4.2 billion and a massive black market for all the rest then.
Never mind. Better pack up and go home I guess. Come on igorr, I'll buy you a cup of tea.
Now we have four large a country of where Bitcoin is severely sanctioned,
or half of the earth, in an area with about 2.8 billion people.
1. China
2. India
3. Kanada
4. Russija
or half of the earth, in an area with about 2.8 billion people.
1. China
2. India
3. Kanada
4. Russija
I know I'm gonna regret asking this, and I really hate feeding the trolls, but where exactly are "3. Kanada, and 4. Russija? Are you just making this shit up as you go?
Russia;
http://asozd2c.duma.gov.ru/addwork/scans.nsf/ID/CF63A3649915F2B543257C61003AF56A/%24FILE/428896-6.PDF?OpenElement
If you do not understand Russian, you have translated this document here;
https://bitcointalk.org/index.php?topic=412280.180
Canada;
http://www.coindesk.com/bitcoin-not-legal-tender-canada-government-official/
Now we have four large a country of where Bitcoin is severely sanctioned,
or half of the earth, in an area with about 2.8 billion people.
1. China
2. India
3. Kanada
4. Russija
or half of the earth, in an area with about 2.8 billion people.
1. China
2. India
3. Kanada
4. Russija
I know I'm gonna regret asking this, and I really hate feeding the trolls, but where exactly are "3. Kanada, and 4. Russija? Are you just making this shit up as you go?
The manufacturer mining hardware for a few months, will no longer have any interest to mine bitcoin and production any ASIC hardware.
Exactly! This will at least push the price to standard deviated trend line based on the failed exponential growth curve. That means the price should fall to around $100 in the short medium term optimistic bear case, but will probably go lower in the fourth quarter of bitcoin's fiscal year.
By 2015, the price might, and I say "might", stabilize in the healthy zone (can't provide a chart right now), which is between $1 and $2. This, of course, assumes a conservative bullish bear case, so we could see much worse.
By 2016, no bitcoin anymore, and this can be seen in some of the latest confirmed bad news sources, mostly in Chinese and Russian (See Peter R's recent reporting).
All this leads to an inevitable conclusion: EVERYONE MUST SHOTR BITCOIN at the highest margin levels.
I think you over-evaluate the effects of negative news. Their power is not enough to push price to $1-2. But 100s is definitely a target for 2014.
What is missing on that equation as far as I can see is the fact that bitcoin is getting more and more popular and the earth population is about 7.1 billion...
The manufacturer mining hardware for a few months, will no longer have any interest to mine bitcoin and production any ASIC hardware.
Exactly! This will at least push the price to standard deviated trend line based on the failed exponential growth curve. That means the price should fall to around $100 in the short medium term optimistic bear case, but will probably go lower in the fourth quarter of bitcoin's fiscal year.
By 2015, the price might, and I say "might", stabilize in the healthy zone (can't provide a chart right now), which is between $1 and $2. This, of course, assumes a conservative bullish bear case, so we could see much worse.
By 2016, no bitcoin anymore, and this can be seen in some of the latest confirmed bad news sources, mostly in Chinese and Russian (See Peter R's recent reporting).
All this leads to an inevitable conclusion: EVERYONE MUST SHOTR BITCOIN at the highest margin levels.
I think you over-evaluate the effects of negative news. Their power is not enough to push price to $1-2. But 100s is definitely a target for 2014.
The manufacturer mining hardware for a few months, will no longer have any interest to mine bitcoin and production any ASIC hardware.
Exactly! This will at least push the price to standard deviated trend line based on the failed exponential growth curve. That means the price should fall to around $100 in the short medium term optimistic bear case, but will probably go lower in the fourth quarter of bitcoin's fiscal year.
By 2015, the price might, and I say "might", stabilize in the healthy zone (can't provide a chart right now), which is between $1 and $2. This, of course, assumes a conservative bullish bear case, so we could see much worse.
By 2016, no bitcoin anymore, and this can be seen in some of the latest confirmed bad news sources, mostly in Chinese and Russian (See Peter R's recent reporting).
All this leads to an inevitable conclusion: EVERYONE MUST SHOTR BITCOIN at the highest margin levels.
The manufacturer mining hardware for a few months, will no longer have any interest to mine bitcoin and production any ASIC hardware.
Now we have four large a country of where Bitcoin is severely sanctioned,
or half of the earth, in an area with about 2.8 billion people.
1. China
2. India
3. Kanada
4. Russija
Check this
View Screen Capture
For next 5 days -30% , and again for 11 days -30%, and again, and again, ..........
View Screen Capture
Difficulty in 2014 year,
View Screen Capture
or half of the earth, in an area with about 2.8 billion people.
1. China
2. India
3. Kanada
4. Russija
Check this
View Screen CaptureFor next 5 days -30% , and again for 11 days -30%, and again, and again, ..........
View Screen CaptureDifficulty in 2014 year,
View Screen CaptureThis data convinced me that we will see new 2014 lows over the next few weeks as people realize this -30% and the mining factor going down because of ASICs and Moore's law. This has all been confirmed, and the analysis above clearly demonstrates the problem.
What to do?: SODL all bitcoin and SHOTR all bitcoin for maximum profit and to protect against painful losses. Confirmed sources make this clear.
Looks bullish to me. 
Now we have four large a country of where Bitcoin is severely sanctioned,
or half of the earth, in an area with about 2.8 billion people.
1. China
2. India
3. Kanada
4. Russija
Check this
View Screen Capture
For next 5 days -30% , and again for 11 days -30%, and again, and again, ..........
View Screen Capture
Difficulty in 2014 year,
View Screen Capture
or half of the earth, in an area with about 2.8 billion people.
1. China
2. India
3. Kanada
4. Russija
Check this
View Screen CaptureFor next 5 days -30% , and again for 11 days -30%, and again, and again, ..........
View Screen CaptureDifficulty in 2014 year,
View Screen Capture How come all FUD-spreaders are still hodling .... SELL SELL SELL 
They haven't got any Bitcoins! They are full-fiat!
full-fiat is the power.
The window of opportunity will start closing soon.
- The US, UK and other massive economies are scrambling to make a comfortable and official place for Bitcoin in their respective countries.
- Bitcoin is a super-streamlined 21st century currency that works with digital networks in a far superior way than current banking and credit card systems. Unless we are going to pack up the Internet and regress then it is going to keep spreading very quickly.
- Bitcoin is fixed. The supply cannot be increased.
Put these three things together.
Bitcoin is going to massively outperform fiat over the next several years at least.
How come all FUD-spreaders are still hodling .... SELL SELL SELL
They haven't got any Bitcoins! They are full-fiat!
full-fiat is the power.
Except in Cyprus where the government steal it from you.
How come all FUD-spreaders are still hodling .... SELL SELL SELL
They haven't got any Bitcoins! They are full-fiat!
full-fiat is the power.
How come all FUD-spreaders are still hodling .... SELL SELL SELL
They haven't got any Bitcoins! They are full-fiat!
How come all FUD-spreaders are still hodling .... SELL SELL SELL
igorr this is not the reality at all, in the past people mined at tiny margin / loss and they have been well paid on the next bubble. This is not the beginning nor the end of anything
Ok, then I'll sell this card for only $ 10 usd, when difficulty comes at 1000 bilion.
http://www.butterflylabs.com/monarch/
Do you want to buy it ?
Does the manufacturer wants to produce a new card 600 Gh/s for the selling price of 10 USD ?
No, you fool. They'll be selling their 6 Ph/s card at that stage. It's the way markets work - supply and demand.
Not possible, for 6 Ph/s card should wait about 20 years, or chip technology of 0.001 nm
and difficulty of 1000 bilion we will have for next 9 month
View Screen Capture 
my ignore list keeps growing.... this recent price rise has attracted all the dumbest ppl in the world to this forum
Admins also removed the cages from the newbie forum, so trolls with zero posts rush straight in here to spam, while before they had to get an anti-rabies vaccine first. I agree, many topics consist entirely of ignored posts now, sad. Lack of general intelligence on a btc-e trollbox level also shows. That is a downside of widespread acceptance I am afraid. Most people are idiots.
Can anyone put the OP in layman's terms?
Original post or original poster?
Original post: confusion and lack of understanding of the mining algorithm.
Original poster: thoroughly Proudhoned.
Can anyone put the OP in layman's terms?
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