KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 158.

Vlada69

jr. member

Activity: 238

Merit: 5

Quote from: mercurye on June 22, 2018, 07:54:07 PM

At what price do the large miners sell % over the cost of production? That would be the main supply of new coins.

I can't understand why market prices can be sold at cost of production. If large miners were to hold out for 50% of margins, prices would jump. However that is not happening.

Huh

Out of 17 million dug out so far, 50% of it are in control of Chinese. Take a wild guess who is controlling the market and the price.

mercurye

newbie

Activity: 51

Merit: 0

At what price do the large miners sell % over the cost of production? That would be the main supply of new coins.

I can't understand why market prices can be sold at cost of production. If large miners were to hold out for 50% of margins, prices would jump. However that is not happening.

Huh

kano

legendary

Activity: 4634

Merit: 1851

Linux since 1997 RedHat 4

Quote from: BSGMiner on June 22, 2018, 05:58:05 PM

Quote from: rifleman74 on June 22, 2018, 01:00:14 PM

Quote from: A.Delaney on June 22, 2018, 12:25:28 PM

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Time to make some choices....

In a year from now, people will be saying exactly what they were saying a few short months ago:

"Ugh! I wish I would've started mining when BTC was a fraction of what it is now! If only I would've had the foresight to see it was about to skyrocket! Miners are sooo cool, but I'm a stoopit loser for not being smart like them! Whaaa!!!"

Ha! Grin

We can dream, can't we?

That happens every so often - and has happened a number of times over the past 9 years

The first big 'bubble' early 2011 was to around $30, then before the end of that year it was a down to $2 ...

The price goes up and down - and up and down and up and ...

BSGMiner

member

Activity: 490

Merit: 16

1xA921 + 1xA741 + Backup-->1xA6 ;)

Quote from: A.Delaney on June 22, 2018, 06:22:13 PM

I refuse to pull the plug at this point and I won’t sell my miners. However if it gets around 3k I’ll just buy it.

The only reason why I don't just buy is the paper trail. Unless I'm missing something, I feel like it's defeating the privacy factor.

A.Delaney

member

Activity: 266

Merit: 13

I refuse to pull the plug at this point and I won’t sell my miners. However if it gets around 3k I’ll just buy it.

BSGMiner

member

Activity: 490

Merit: 16

1xA921 + 1xA741 + Backup-->1xA6 ;)

Quote from: rifleman74 on June 22, 2018, 01:00:14 PM

Quote from: A.Delaney on June 22, 2018, 12:25:28 PM

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Time to make some choices....

In a year from now, people will be saying exactly what they were saying a few short months ago:

"Ugh! I wish I would've started mining when BTC was a fraction of what it is now! If only I would've had the foresight to see it was about to skyrocket! Miners are sooo cool, but I'm a stoopit loser for not being smart like them! Whaaa!!!"

Ha! Grin

We can dream, can't we?

BSGMiner

member

Activity: 490

Merit: 16

1xA921 + 1xA741 + Backup-->1xA6 ;)

Quote from: A.Delaney on June 22, 2018, 12:25:28 PM

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

I have an Avalon6. Mine is no longer profitable.

MINE ON (ANYWAY)!!!

swanny88

newbie

Activity: 103

Merit: 0

Quote from: Yrth on June 22, 2018, 04:40:32 PM

Quote from: ccgllc on June 22, 2018, 03:44:37 PM

Quote from: Shazam!!! on June 22, 2018, 03:26:31 PM

Quote from: A.Delaney on June 22, 2018, 12:25:28 PM

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

Happen to know what the relative difficulty was this time last year? e.g. 1/3rd of what it is today? I'm just curious what the difficulty-adjusted price was this time last year vs. today.

It was
Jun 17 2017 711,697,198,173

About 1/7th of what it is now.

Just think, it could go up by 711,697,198,173 in nine days...lol It's crazy

Yrth

member

Activity: 123

Merit: 21

Quote from: ccgllc on June 22, 2018, 03:44:37 PM

Quote from: Shazam!!! on June 22, 2018, 03:26:31 PM

Quote from: A.Delaney on June 22, 2018, 12:25:28 PM

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

Happen to know what the relative difficulty was this time last year? e.g. 1/3rd of what it is today? I'm just curious what the difficulty-adjusted price was this time last year vs. today.

It was
Jun 17 2017 711,697,198,173

About 1/7th of what it is now.

rifleman74

member

Activity: 658

Merit: 21

4 s9's 2 821's

Quote from: ccgllc on June 22, 2018, 03:44:37 PM

Quote from: Shazam!!! on June 22, 2018, 03:26:31 PM

Quote from: A.Delaney on June 22, 2018, 12:25:28 PM

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

Happen to know what the relative difficulty was this time last year? e.g. 1/3rd of what it is today? I'm just curious what the difficulty-adjusted price was this time last year vs. today.

Probably was less than that a year ago.

swanny88

newbie

Activity: 103

Merit: 0

Quote from: ccgllc on June 22, 2018, 03:44:37 PM

Quote from: Shazam!!! on June 22, 2018, 03:26:31 PM

Quote from: A.Delaney on June 22, 2018, 12:25:28 PM

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

Happen to know what the relative difficulty was this time last year? e.g. 1/3rd of what it is today? I'm just curious what the difficulty-adjusted price was this time last year vs. today.

It's nine days away but next difficultly looks like it's going to go up between 5 and 10 percent. These are difficult days to be a miner.

ccgllc

copper member

Activity: 658

Merit: 101

Math doesn't care what you believe.

Quote from: Shazam!!! on June 22, 2018, 03:26:31 PM

Quote from: A.Delaney on June 22, 2018, 12:25:28 PM

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

Happen to know what the relative difficulty was this time last year? e.g. 1/3rd of what it is today? I'm just curious what the difficulty-adjusted price was this time last year vs. today.

Shazam!!!

full member

Activity: 350

Merit: 158

#takeminingback

Quote from: A.Delaney on June 22, 2018, 12:25:28 PM

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

rifleman74

member

Activity: 658

Merit: 21

4 s9's 2 821's

Quote from: A.Delaney on June 22, 2018, 12:25:28 PM

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Time to make some choices....

A.Delaney

member

Activity: 266

Merit: 13

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

MKMiners

newbie

Activity: 43

Merit: 0

Quote from: clgrissom3 on June 22, 2018, 08:24:18 AM

Quote from: LunEm on June 21, 2018, 10:44:40 PM

Block by sidewinder!

Yay block! Cheesy

This is our 1st of BLOCK FRIDAY! Cheesy

Yah, let's get 1-2 more under the belt before Friday goes over...

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

Quote from: LunEm on June 21, 2018, 10:44:40 PM

Block by sidewinder!

Yay block! Cheesy

This is our 1st of BLOCK FRIDAY! Cheesy

BSGMiner

member

Activity: 490

Merit: 16

1xA921 + 1xA741 + Backup-->1xA6 ;)

BTClock of the morning to ya!

BTCig BTClock weekend has officially arrived!!! Grin

Steamtyme

legendary

Activity: 1568

Merit: 2037

Nice, they'll be even nicer when my extra 741's show up next week.

Found someone holding an unused pallet. Their sales dried up after the FOMO, so I got 3 at a decent price

Keep the blocks coming

rifleman74

member

Activity: 658

Merit: 21

4 s9's 2 821's

MINE ON WITH KANO-SAN!

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