hash's law = fail
Topic: Introducing Hash's Law (Read 1947 times)
Yes, but it went below $380 two days ago 
Seems like your law didn't last long though.
No matter how strong a community we are, if China dumps, it'll automatically drive prices down. Think of it as an exchange rate. They dump, supply increases and people buy at lower prices. For the strong believers in bitcoin, they'd open their arms to a dump to pick up cheap coins as they genuinely believe it'll rise long term.
No matter how strong a community we are, if China dumps, it'll automatically drive prices down. Think of it as an exchange rate. They dump, supply increases and people buy at lower prices. For the strong believers in bitcoin, they'd open their arms to a dump to pick up cheap coins as they genuinely believe it'll rise long term.
It is still stable around 420 at the moment
Seems like your law didn't last long though.
No matter how strong a community we are, if China dumps, it'll automatically drive prices down. Think of it as an exchange rate. They dump, supply increases and people buy at lower prices. For the strong believers in bitcoin, they'd open their arms to a dump to pick up cheap coins as they genuinely believe it'll rise long term.
No matter how strong a community we are, if China dumps, it'll automatically drive prices down. Think of it as an exchange rate. They dump, supply increases and people buy at lower prices. For the strong believers in bitcoin, they'd open their arms to a dump to pick up cheap coins as they genuinely believe it'll rise long term.
I don't even care about mtgox any more.
Now there is new problems, but we are going to deal with them.
Now there is new problems, but we are going to deal with them.
the algorithm reference pof was kind of cheesy
All this anxiety about bitcoin volatility and analysis of the consequences of price changes is kind of funny. If bitcoin was perfectly stable then the return would equal that of other risk free assets. Higher risk higher return and more chance for cheap coins.
This. There is a very slim chance you will find an investment that will be risk free and will offer high reward...
All this anxiety about bitcoin volatility and analysis of the consequences of price changes is kind of funny. If bitcoin was perfectly stable then the return would equal that of other risk free assets. Higher risk higher return and more chance for cheap coins.
$576....$780!
Let's buy some more hashing power?
Let's buy some more hashing power?
$450...
It is not new low when you compare it to price one year ago.
People have very short memory .
People have very short memory .
I'm buying now because I know that I can buy them cheaper than miner can produce them.
416 now
At 2014-04-02 Crypto made it obvious to all users:
The new low, introducing Hash's Law.
at a value at 420$ the community stands united and strong.
China can collapse, Mt.Gox can fall but 420 is unbreakable.
Today history was written!
You can take our money but you can take our PoF (Proof of Freedom)
Regards,
/ Hashish community spokesman
The new low, introducing Hash's Law.
at a value at 420$ the community stands united and strong.
China can collapse, Mt.Gox can fall but 420 is unbreakable.
Today history was written!
You can take our money but you can take our PoF (Proof of Freedom)
Regards,
/ Hashish community spokesman
Low: 416 USD
Introducing Hash's Law amendments?
We are near the bottom, hopefully.
Hash's law is more than just a number. Anything below 420 is still 420 since we will always be higher
I agree too. Anything below 400 and buyers would pop out everywhere.
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Yikes, sorry to hear that. I never thought about the economics of BTC mining. What happens if the miners close shop? Don't you need miners to support the network?
What about the commercial operations? Does it cost them the same? I suppose its cheaper where electricity is cheaper
[/quote]
Hash rate goes down if miners quit, making it more profitable to mine. There will always be mining. I am planning on buying up a lot of the unprofitable hardware to make bitcoins if there is a hash crash.
At 2014-04-02 Crypto made it obvious to all users:
The new low, introducing Hash's Law.
at a value at 420$ the community stands united and strong.
China can collapse, Mt.Gox can fall but 420 is unbreakable.
Today history was written!
You can take our money but you can take our PoF (Proof of Freedom)
Regards,
/ Hashish community spokesman
The new low, introducing Hash's Law.
at a value at 420$ the community stands united and strong.
China can collapse, Mt.Gox can fall but 420 is unbreakable.
Today history was written!
You can take our money but you can take our PoF (Proof of Freedom)
Regards,
/ Hashish community spokesman
Low: 416 USD
Introducing Hash's Law amendments?
We are near the bottom, hopefully.
I have long since retired asic miners. And BFL gen 1. Now looking at retiring BitFury. Running Cointerra happily. Looking at A1s. And yes, if you buy A1s today, and sell under $600 you are taking a loss. Since the hash rate just jumped a LOT recently, probably $700 is a better estimate of break-even. Since the majority of mining capacity was bought at a much higher price than today's capacity, almost all miners are losing money unless they hold out for much higher prices.
Yikes, sorry to hear that. I never thought about the economics of BTC mining. What happens if the miners close shop? Don't you need miners to support the network?
What about the commercial operations? Does it cost them the same? I suppose its cheaper where electricity is cheaper
I have long since retired asic miners. And BFL gen 1. Now looking at retiring BitFury. Running Cointerra happily. Looking at A1s. And yes, if you buy A1s today, and sell under $600 you are taking a loss. Since the hash rate just jumped a LOT recently, probably $700 is a better estimate of break-even. Since the majority of mining capacity was bought at a much higher price than today's capacity, almost all miners are losing money unless they hold out for much higher prices.
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