Topic: NA - page 483. (Read 893616 times)

if you have Guldencoin (NLG), you can sell them for Bitcoin (BTC) at www.bittrex.com. There you can trade the best price for your NLG.
if you want to sell BTC (or buy) for Euro and have the Euro deposited to your bank, you can use https://justcoin.com/ . Justcoin is reliable and the money is in your bank account the next day or 1 day later.
it is also possible to sell NLG for Euro at https://www.litebit.eu/sell/nlg/nl/ but the convenience will cost you a bit in terms of a lower price per NLG.

Happy trading!

I think you are completely missing my point here, the calculation gives you the break even point, to make it easier to determine to mine or not to mine at current market price, so yes it follows the market so I don't understand your arguing when it simply does what you stated

Marketprice is determined by supply and demand. The quality of the coin (active devs, community, shops accepting it, etc.) determines this. You can invest all your money in some mining equipment to mine some coin, but if nobody wants the coin you can wait for ages to sell them. You can can calculate the marketprice is 1000 BTC (because of your investments), but if nobody will buy it... who are you fooling? In the mean time your equipment breaks down and electricity still has to be paid. Hence you will stop mining because you can't sell the coins (Miner follows the market, the market doesn't follow the miner).


Again, miners following the market.

Goodmorning everyone. A brand new day.  

I will be posting on monday again. Good weekend all!

Edit: When bottom is found most of the miners will hold their coins for higher prices again. Question is what is the bottom.
Just waiting for the moment the bulls are back in town 

And how do you think that marketprice is determined ? Any serious miner will want to make money, simple as that, so if your total investment in equipment and your running cost will be higher than your return on investment there's no point mining if that will actually cost you money. I have provided this information simply as a tool for people to use or not to use, nothing more and nothing less

You can calculate all the formulas you want, but mining has always followed (and will follow) market price, not the other way around.

There is always a bottom for every coin, and there are parts that can be calculated, a mining rig costs money to buy, running a mining rig consumes electricity which also costs money in most cases. I have made a calculation which can help you to understand the factors that CAN be calculated, the only one that is always an unknown is the human factor. I am using 20GH/s or 20000MH/s as networkhashrate, but you can change that variable as needed, the same applies to your minerspeed. I am working with euro values but you can change all to dollars and get the same results.

NLG coins per day = 576000
Electricity costs per KW/h in the Netherlands = 0,23 (eurocent)
Networkhashrate = 20000MH/s
Result per MH/s per day = 28.8 NLG (576000/20000)

Let's say you have a Zeus X6 running at around 44MH/s and consuming 1000Watt, that means it will eat 24KW/h per day at 0,23 per KW/h which is 5,52 in electricity costs per day. Your miner produces 44 x 28.8 NLG = 1267.2 NLG per day, so the costs per NLG coin is 0.004356. The current BTC value in euro is around 370 euro, if you divide 370 / 0.004356 the result = 84940 , which gives you the number of NLG per BTC, now divide 1 / 84940 = 0.00001177 and you have your bottomprice where you break even, of course you want to make a profit and if possible also earn back your investment in your mining rig, so you will have to sell it for quite a bit more to actually make a profit.
I hope this helps a bit and feel free to correct me if my calculation is off 

Nice, looking forward for the IOS wallet.

Looking at Bittrex, the end goal here is to force that 850 order to execute to make a future rich bag holder.

Bram the price had to come down , don't worry too much this isn't your typical PnD coin, I think you can be confident in knowing that even the people who payed over 1900 will be smiling in 1 year from now. That is my bet... even if price drops to 600 we should be rejoicing in the streets... that is a 600% gain in less then a month. Which investment gives those returns.

Let the market do their job. This is settling before next jump. There are people waiting to jump in again at the right time. I think that moment is not that far away. Don't sell your coins cheap.

support to sell or buy guldencoin to a little pump

How

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

That would be nice!

I just buy and sell directly at Litebit.eu

I don't want to have the hassle of selling NLG for BTC and then using another service to get my EUR. Litebit takes a fee, because they do all that work for me. I get less money, but I also need to do less work.

They're super fast with wire transfers too.

The selling pressure dies down completely at low 1300 levels. Around 230 000 NLG for sale compared to 2.290 million in buys.

Bleutrade... to BTC and then to EUR with happycoins... if I would cash out... Currently all the profit of trading goes into trying to stabilize the market.

Hi Degoedste,

Currently you would need to sell into btc and then use a btc/fiat exchange to do wire transfer into your account.

in case you guys sell... where to do this ? and able to get direct EUR? And than what... free wire to your account?
Or first converse to bitcoin necessary f.e. ?