Time for a little ideological plug
Truth - Logic - Reason and philosphical thinking.
It is the underlining theme of the coin
The Untruth About Donald Trump
I second this! Fantastic rebuttal of John Oliver's propaganda piece. After the wall on our southern border is built, I hope Trump turns his attention towards California. Ship all the libtards there and wall it off. Let the degenerates stew in their own self-righteousness until, Trump-willing (praise be to his name), the San Bernardino fault line sets off a 10 on the Richter scale and these smug fucks sink into the Pacific once and for all.
In the spirit of less bitching and more actual helping, I'm going to start publishing regular reports here about mining costs to help everyone to keep pace with those trends.
I believe this data is very useful for miners and traders alike.
This uses current Nicehash rental prices and YoBit for references.
Block: 12007
Coin count: 4,001,750
Mining cost: 0.54 BTC/GHS/Day
Est Coin Return: 109,348.125 TRUMP/GHS/Day
Mining cost per TRUMP: 0.00000494 BTC
Market floor at Coin Return Depth: 0.00000300
Mining profit per coin: -0.00000194
I don't find it useful to analyze the data in this way. In fact, I generally ignore mining costs altogether when I am attempting to judge the health of the market and determine if the coin in question is under or over sold.
1)The price on Nicehash is going to vary day to day, because the demand for hash power is going to vary day to day. PEPE coin had the price for X11 hash up to 0.8 BTC per GHs just a day ago.
2)Nicehash represents the mining costs to a TINY sliver of miners, specifically miners who are renting hashrate on specifically Nicehash. Electricity costs vary widely around the world and efficiency of GPUs does as well. Nicehash is not a reliable measuring stick for calculating the cost of a GH.
3)Traders don't care about mining costs. They care about whether or not they are making a profitable trade. Dumping below the price of mining cost is pants on head retarded for miners. Dumping below the price of mining cost is still perfectly logical for a trader, if he bought those coins above the current price. You are assuming the dumps are all coming from miners. I assure you, they are not. Some of these coins are getting bounced back and forth multiple times a day by traders. It's a natural and healthy part of price discovery.
I like to look at things like this :
250 TRUMP x 720 blocks per day = 180000 TRUMP x 0.000004 BTC = 0.72 BTC of daily buy volume needed to support a price of 400 satoshis. A measly 0.72 BTC per day if all the coins were being dumped.
The volume for the past 24 hours is 2.82 BTC. The total marketcap of TRUMP currently is a little over 16 BTC. Looking back on the volume TRUMP had during it's pump, it's easy to surmise that a significant # of TRUMP coin is being traded back and forth. These are not miner dumps. These are traders, IMHO.