Grin Observer - GRN/BTC - Price Movement and Discussion - page 34.

yefi

legendary

Activity: 2842

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Quote from: RivAngE on March 18, 2019, 04:50:38 PM

Not sure if that "wall" you're talking about is a "ceiling" or a floor! Tongue

I'm trading in Bittrex and that price is slightly higher than where the market price is right now, so I guess it's a "ceiling" huh? Undecided

It was a bid wall, so a "floor". He seems to have pulled it now.

RivAngE

full member

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What doesn't kill you, makes you stronger

Quote from: yefi on March 18, 2019, 01:46:14 PM

45BTC "wall" on Poloniex @ 67330 sats. Cute.

Not sure if that "wall" you're talking about is a "ceiling" or a floor! Tongue

I'm trading in Bittrex and that price is slightly higher than where the market price is right now, so I guess it's a "ceiling" huh? Undecided

Globb0

legendary

Activity: 2702

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Free spirit

As long as there is some market for the thing that logic holds true

yefi

legendary

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45BTC "wall" on Poloniex @ 67330 sats. Cute.

criptix

legendary

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Quote from: RivAngE on March 18, 2019, 09:13:12 AM

Quote from: Globb0 on March 17, 2019, 10:36:29 AM

Is there a danger level where it goes too low to make asics worth bothering to develop? or is the asic plan just to use existing supported devices?

In 2019 I don't believe there's need for extensive R&D before a company like Obelisk can produce an ASIC.
Therefore the only cost we need to take into account is the production cost.
ASICs are largely affected by diminishing returns. What that means is that the more ASICs that are being put in use the lower their value gets (since the static block reward is split among more miners).

So if GRIN's price gets too low, all that needs to happen is for the manufacturer to produce only a certain amount of miners so that their users' ROI is a logical one.
Too many miners and they'll lose their customers' trust while their miners will keep being sold for lower and lower margins.

Cost factors arent constant.

You got different electricity costs, rent, wages etc in different locations.

Miners who arent profitable will shut down and make it more profitable for other miners.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Quote from: Globb0 on March 17, 2019, 10:36:29 AM

Is there a danger level where it goes too low to make asics worth bothering to develop? or is the asic plan just to use existing supported devices?

In 2019 I don't believe there's need for extensive R&D before a company like Obelisk can produce an ASIC.
Therefore the only cost we need to take into account is the production cost.
ASICs are largely affected by diminishing returns. What that means is that the more ASICs that are being put in use the lower their value gets (since the static block reward is split among more miners).

So if GRIN's price gets too low, all that needs to happen is for the manufacturer to produce only a certain amount of miners so that their users' ROI is a logical one.
Too many miners and they'll lose their customers' trust while their miners will keep being sold for lower and lower margins.

smartcomet

full member

Activity: 242

Merit: 101

United States 10-Year Bond Yield is between 1.5-3% in recent years, so when Grin in this range inflation, it is in 34 years and 67 years.
Let’s give Grin 1/3 market cap of Bitcoin, today BTC price is $4000.

Year # Yearly monetary inflation rate price $
34 3% 8/3=2.67
67 1.5% 4/3=1.33

So Grin price is reasonable in $1.33 --- $2.67
(now price is $2.62)

Globb0

legendary

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Free spirit

criptix

legendary

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Quote from: Globb0 on March 17, 2019, 10:36:29 AM

Is there a danger level where it goes too low to make asics worth bothering to develop? or is the asic plan just to use existing supported devices?

Last thing i read was that all the 10k vouchers for the obelisk are sold out.

Grin devs will even get a donation of 1 million $.

So i doubt there will be a problem in this regard.

Specs are 150 gps at 800 watt...

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Is there a danger level where it goes too low to make asics worth bothering to develop? or is the asic plan just to use existing supported devices?

consideritdone

newbie

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hype has ended now at $2 https://www.coingecko.com/en/coins/grin

HairyMaclairy

legendary

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Degenerate bull hatter & Bitcoin monotheist

Prior ATL is around 0.0053. And the chart is not pretty at the moment. I predict we will go under the ATL quite easily.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: Cryptotourist on March 16, 2019, 05:30:04 AM

As far as I'm aware we didn't get a new ATL. Very close to it but not quite.

Do not be worried, it will make it and keep making it a few more times within the next 5 to 10 years hehehe.

@holden.commordore. That is not the reason. Read more about Grin's monetary policy before assuming something.

https://github.com/mimblewimble/docs/wiki/Monetary-Policy

The development team is clearly giving more importance on coin distribution than market capitalization.

holden.commodore

full member

Activity: 287

Merit: 101

Oh come on what is the point to have an awesome protocol but the coin itself is very hard for ordinary people to use, the wallet install and use is a challenge even for IT professionals.
Maybe in the future developers change that but by now any suddenly price increase will be just speculation.

Cryptotourist

hero member

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Homo Sapiens Bitcoinerthalensis

As far as I'm aware we didn't get a new ATL. Very close to it but not quite.

Febo

legendary

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Quote from: RivAngE on March 14, 2019, 05:36:32 AM

I would never expect me to say this but... "When ASICs?" Roll Eyes

My train of though is that, since ASICs are usually expensive and have a long ROI, whoever buys them is expecting the coin to have a great future, no one would invest in an expensive ASIC expecting to mine a coin for the 2-3 months of its hype time.
So if people believe in the coin, then they won't dump their mined coins.

This is why I believe that the introduction of ASICs will reduce the dumping by 30%-40%.

But the one that will build ASIC will not sell them but mine with them by itself and with that push all GPU miners out since will spend way less electricity. Have you thought of this also?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: RivAngE on March 14, 2019, 05:36:32 AM

I would never expect me to say this but... "When ASICs?" Roll Eyes

My train of though is that, since ASICs are usually expensive and have a long ROI, whoever buys them is expecting the coin to have a great future, no one would invest in an expensive ASIC expecting to mine a coin for the 2-3 months of its hype time.
So if people believe in the coin, then they won't dump their mined coins.

This is why I believe that the introduction of ASICs will reduce the dumping by 30%-40%.

that will just make it tank quicker and to a lower level but would make the rebound closer than a few years so bring them on, I'll buy this shit at bargain basement prices in 6 months if ASICs an Hybrid FPGAs start slamming it.

Febo

legendary

Activity: 2744

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Quote from: RivAngE on March 12, 2019, 04:10:22 AM

I feel like the price will recover when ASICs join the network.
Ofcourse it's only a wild guess, but I suppose that whoever invests in a (probably) costly ASIC will have a long-term belief in GRIN, therefore they'll hold at least some amount of what they mine.

Hopefully whatever miner is released will be efficient enough in order to not waste much energy, both because of the environment and because we don't want GRIN to be sold for fiat to pay the electricity bills.

Price will not recover if there are more and more coins coming out daily. There is 5 millions now and in 2 months time there will be 6 millions more. No matter how they will get mined, there will be 5 millions more. At current price that is $10 millions.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

I would never expect me to say this but... "When ASICs?" Roll Eyes

My train of though is that, since ASICs are usually expensive and have a long ROI, whoever buys them is expecting the coin to have a great future, no one would invest in an expensive ASIC expecting to mine a coin for the 2-3 months of its hype time.
So if people believe in the coin, then they won't dump their mined coins.

This is why I believe that the introduction of ASICs will reduce the dumping by 30%-40%.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Waiting for the masters to give me a nudge here

Kiss

Topic: Grin Observer - GRN/BTC - Price Movement and Discussion - page 34. (Read 19750 times)