Can some BTC high end miner come here with evidence that they are actually making profit and how much?
It is already clear to me that we are beyond normal ASICS at this point whoever is running them.
Topic: GOVERMENTS killing CRYPTO. Back to the drawing table SATOSHI NAKAMOTO. - page 2. (Read 2453 times)
August 24, 2015, 03:22:15 PM
August 24, 2015, 03:16:59 PM
Bitcoin network Hashrate just keeps on going UP UP UP, BUT price keeps on going DOWN DOWN DOWN. This is not profitable for the miners by a longshot.
Only logical explanation is THIS: Goverments have developed HIGHTECH QUANTUM ASICS for sole purphose of killing cryptocurrencies where they stand in order to KEEP THEIR POWER GRIP.
THIS IS A FACT. Back to the drawing table SATOSHI NAKAMOTO. + CENTRALIZATION through development is also FAIL FYI (bribes on the dev team etc.)
Only logical explanation is THIS: Goverments have developed HIGHTECH QUANTUM ASICS for sole purphose of killing cryptocurrencies where they stand in order to KEEP THEIR POWER GRIP.
THIS IS A FACT. Back to the drawing table SATOSHI NAKAMOTO. + CENTRALIZATION through development is also FAIL FYI (bribes on the dev team etc.)
Prove your claim with actual evidence and not just statements.
Numerous pool operators just don't understand the growing hashrate's they are getting from users.
You can look at the network hashrate there's no way even high end asics are barely making profits at these rates something fishy going on.
August 24, 2015, 03:10:46 PM
Bitcoin network Hashrate just keeps on going UP UP UP, BUT price keeps on going DOWN DOWN DOWN. This is not profitable for the miners by a longshot.
Only logical explanation is THIS: Goverments have developed HIGHTECH QUANTUM ASICS for sole purphose of killing cryptocurrencies where they stand in order to KEEP THEIR POWER GRIP.
THIS IS A FACT. Back to the drawing table SATOSHI NAKAMOTO. + CENTRALIZATION through development is also FAIL FYI (bribes on the dev team etc.)
Only logical explanation is THIS: Goverments have developed HIGHTECH QUANTUM ASICS for sole purphose of killing cryptocurrencies where they stand in order to KEEP THEIR POWER GRIP.
THIS IS A FACT. Back to the drawing table SATOSHI NAKAMOTO. + CENTRALIZATION through development is also FAIL FYI (bribes on the dev team etc.)
Prove your claim with actual evidence and not just statements.
August 24, 2015, 03:07:15 PM
Bitcoin network Hashrate just keeps on going UP UP UP,
Good news! This only makes Bitcoin stronger.Quote
BUT price keeps on going DOWN DOWN DOWN. This is not profitable for the miners by a longshot.
Not for the current number of miners. So this will result in some miners stopping. Long before there's only a small number of miners left, mining will become SO profitable that plenty of miners will start again (or new miners will come). What's the problem?Quote
Only logical explanation is THIS: Goverments have developed HIGHTECH QUANTUM ASICS for sole purphose of killing cryptocurrencies where they stand in order to KEEP THEIR POWER GRIP.
If anyone makes a quantum asic that can mine faster, great! This only makes the Bitcoin network stronger!How the f*ck would that be killing Bitoin? More hashing power = more security! And it doesn't matter whether it's the government (which government by the way, North Korea? China? Zimbabwe?) or a company or some billionaire individual or whoever.
Quote
THIS IS A FACT.
Proof?Then again, this post sounds like trolling. Stop it please, we have more than enough FUD already.
You obviously do not understand what holds the BTC price at the level it is. Let me make it clear for you.
WHEN someone has developed a x 10 x 100 x 1000 x 1000000 more efficient way to mine THE PRICE WILL DROP.
ENUFF SAID?
August 24, 2015, 02:59:16 PM
Bitcoin network Hashrate just keeps on going UP UP UP,
Good news! This only makes Bitcoin stronger.Quote
BUT price keeps on going DOWN DOWN DOWN. This is not profitable for the miners by a longshot.
Not for the current number of miners. So this will result in some miners stopping. Long before there's only a small number of miners left, mining will become SO profitable that plenty of miners will start again (or new miners will come). What's the problem?Quote
Only logical explanation is THIS: Goverments have developed HIGHTECH QUANTUM ASICS for sole purphose of killing cryptocurrencies where they stand in order to KEEP THEIR POWER GRIP.
If anyone makes a quantum asic that can mine faster, great! This only makes the Bitcoin network stronger!How the f*ck would that be killing Bitoin? More hashing power = more security! And it doesn't matter whether it's the government (which government by the way, North Korea? China? Zimbabwe?) or a company or some billionaire individual or whoever.
Quote
THIS IS A FACT.
Proof?Then again, this post sounds like trolling. Stop it please, we have more than enough FUD already.
August 24, 2015, 02:53:31 PM
Can we see your lovely facts?
Countless good discussions have been ruined by facts...
I do not think any goverment is afraid of bitcoin. Why would they?
It's either GOVERMENT or ENTREPRENEUR who is doing this. Either way BITCOIN + all cryptos and people holding value in it ARE DOOMED.
August 24, 2015, 02:45:57 PM
Can we see your lovely facts?
Countless good discussions have been ruined by facts...
I do not think any goverment is afraid of bitcoin. Why would they?
It's either GOVERMENT or ENTREPRENEUR who is doing this. Either way BITCOIN + all cryptos and people holding value in it ARE DOOMED.
August 24, 2015, 02:40:39 PM
Can we see your lovely facts?
Countless good discussions have been ruined by facts...
I do not think any goverment is afraid of bitcoin. Why would they?
August 24, 2015, 02:33:28 PM
...QUANTUM technology IS TODAY. There is no QUANTUM COMPUTER YET...
There is someting like a quantum computer -called D-Wave 2x and it is working. But its not faster than other machines.
Yes exactly TODAY and the perfect technology to use to RIP ALL REGULAR PEOPLE OFF their money who don't have access to that technology they can shrink the market value of a Bitcoin down to less than one Million dollars with in couple of years depending on how big data center of Quantum Miners they will build.
August 24, 2015, 02:27:19 PM
...QUANTUM technology IS TODAY. There is no QUANTUM COMPUTER YET...
There is someting like a quantum computer -called D-Wave 2x and it is working. But its not faster than other machines.
August 24, 2015, 02:17:20 PM
So you don't care WHO IS MINING THEM? You say this is NORMAL? LOL ignorance is a bliss
I didn't say that. But I am saying your theory about the price dropping doesn't make any sense.
YOU and your BIP. You don't think it's easy to bribe a few people? Money is not the only bribe there is U KNOW.
August 24, 2015, 02:12:05 PM
THIS IS A FACT. Back to the drawing table SATOSHI NAKAMOTO. + CENTRALIZATION through development is also FAIL FYI (bribes on the dev team etc.)
This is a fact?
Sell me your coins please, I buy with any gift card you want, with receipts. 
August 24, 2015, 02:10:10 PM
Their main weapons are scams, frauds, ponzis, exchange manipulation and theft, ASIC pre-orders and could mining, malicious forks like XT and XPY, shit-coin scams and IPOs, association with illicit activities, pump & dump. In short anything that screws the crypto community out of their money and causes maximum fear uncertainty and doubt (FUD).
I don't think all that is down to 1%ers. The Little People are just as capable of raping the innocent if there's a flash of dollar signs in front of their eyes. Hostile brats in grandma's basement are responsible for most of that list.
Could not agree more. Its the, as Jeremy Clarkson will put it, 'youths' with all their computers, ipads, smart phones and the like mining away and dumping all those mined coins on fake ID's and booze as we've recently learned from that police warning about 'drinksters' and bitcoin.
August 24, 2015, 02:09:36 PM
Bitcoin network Hashrate just keeps on going UP UP UP, BUT price keeps on going DOWN DOWN DOWN. This is not profitable for the miners by a longshot.
Last time this happened, miners stated that their lowest/break even point was 180 USD, I believe.
So, we have ways to go before the miners start shutting down. But then they just turn on again.
This is what markets do and is healthy. The whole world is shedding currently. Open your eyes.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
August 24, 2015, 02:08:29 PM
So you don't care WHO IS MINING THEM? You say this is NORMAL? LOL ignorance is a bliss
I didn't say that. But I am saying your theory about the price dropping doesn't make any sense.
August 24, 2015, 02:07:27 PM
THIS IS A FACT. Back to the drawing table SATOSHI NAKAMOTO. + CENTRALIZATION through development is also FAIL FYI (bribes on the dev team etc.)
This is a fact?
Sell me your coins please, I buy with any gift card you want, with receipts. I do not hold any Bitcoins Sir. or I would cladly sell to you.
August 24, 2015, 02:06:56 PM
Their main weapons are scams, frauds, ponzis, exchange manipulation and theft, ASIC pre-orders and could mining, malicious forks like XT and XPY, shit-coin scams and IPOs, association with illicit activities, pump & dump. In short anything that screws the crypto community out of their money and causes maximum fear uncertainty and doubt (FUD).
I don't think all that is down to 1%ers. The Little People are just as capable of raping the innocent if there's a flash of dollar signs in front of their eyes. Hostile brats in grandma's basement are responsible for most of that list.
August 24, 2015, 02:06:24 PM
I'm going to assume you're trolling.
You underestimate how far they will go.
You're actually serious.
Ok.
Well...as much as I enjoy a good conspiracy theory, yours doesn't
make sense because if governments were secretly mining, they could either:
A) Sell most of the bitcoins as normal miners would do to fund their operation,
in which case the price wouldn't be affected.
or...
B) Hoard most of the bitcoins which would reduce supply causing the price to
greatly rise.
There is really no scenario in which the government could crash the price
unless they dumped a bunch of coins on the market. They did auction
Silk Road coins but it was done publicly.
QUANTUM technology IS TODAY. There is no QUANTUM COMPUTER YET, but the technology exists and they can EASILY make application-specific integrated circuit based this technology to do something as simple as mine BITCOINS.
They are dumping constantly ALL THEIR BITCOINS what they mine and this is why the price keeps dropping. Any fool can understand that and in doing so they will CRASH the value of BITCOIN and people loose ALL FAITH and GOVERMENTS hold their ground.
Settle down, Beavis.
All miners need to need constantly dump most or at least many their bitcoins to pay for their operations. This is a very competitive business with small margins. So, the coins are going to dumped anyway, regardless of who is mining them.
So you don't care WHO IS MINING THEM? You say this is NORMAL? LOL ignorance is a bliss
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
August 24, 2015, 02:03:12 PM
I'm going to assume you're trolling.
You underestimate how far they will go.
You're actually serious.
Ok.
Well...as much as I enjoy a good conspiracy theory, yours doesn't
make sense because if governments were secretly mining, they could either:
A) Sell most of the bitcoins as normal miners would do to fund their operation,
in which case the price wouldn't be affected.
or...
B) Hoard most of the bitcoins which would reduce supply causing the price to
greatly rise.
There is really no scenario in which the government could crash the price
unless they dumped a bunch of coins on the market. They did auction
Silk Road coins but it was done publicly.
QUANTUM technology IS TODAY. There is no QUANTUM COMPUTER YET, but the technology exists and they can EASILY make application-specific integrated circuit based this technology to do something as simple as mine BITCOINS.
They are dumping constantly ALL THEIR BITCOINS what they mine and this is why the price keeps dropping. Any fool can understand that and in doing so they will CRASH the value of BITCOIN and people loose ALL FAITH and GOVERMENTS hold their ground.
Settle down, Beavis.
All miners need to need constantly dump most or at least many their bitcoins to pay for their operations. This is a very competitive business with small margins. So, the coins are going to dumped anyway, regardless of who is mining them.
August 24, 2015, 02:02:21 PM
THIS IS A FACT. Back to the drawing table SATOSHI NAKAMOTO. + CENTRALIZATION through development is also FAIL FYI (bribes on the dev team etc.)
This is a fact?
Sell me your coins please, I buy with any gift card you want, with receipts. Jump to: