Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17075.

lost_in_base

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Activity: 84

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Quote from: kludzins on May 31, 2017, 06:45:42 AM

Quote from: lost_in_base on May 31, 2017, 06:20:19 AM

This is scary:

Antminer s9
13.th/s
1300w

time to generate 1 BTC with 13.5th/s 175 days
daily power cost at 0.06 cent rate, 1.87 US/day
175 day x 1.87USD =

only 327.25USD power cost to generate one BTC!!!!

Cost of 327USD would be fine at rates like 700-1000USD but hashrate is atleast 3 times too small to support current 2200USD price.

Hashrate has no time to correct this, price will.

Problem is just to get this Antminer in quick order.
Always all of them is sold out in pre-orders Grin

Of cource those are "sold out" while they mine at bitmains farm just as we write here.

kludzins

sr. member

Activity: 274

Merit: 251

Quote from: lost_in_base on May 31, 2017, 06:20:19 AM

This is scary:

Antminer s9
13.th/s
1300w

time to generate 1 BTC with 13.5th/s 175 days
daily power cost at 0.06 cent rate, 1.87 US/day
175 day x 1.87USD =

only 327.25USD power cost to generate one BTC!!!!

Cost of 327USD would be fine at rates like 700-1000USD but hashrate is atleast 3 times too small to support current 2200USD price.

Hashrate has no time to correct this, price will.

Problem is just to get this Antminer in quick order.
Always all of them is sold out in pre-orders Grin

kromtar

full member

Activity: 172

Merit: 100

contracorriente

Quote from: lost_in_base on May 31, 2017, 06:20:19 AM

This is scary:

Antminer s9
13.th/s
1300w

time to generate 1 BTC with 13.5th/s 175 days
daily power cost at 0.06 cent rate, 1.87 US/day
175 day x 1.87USD =

only 327.25USD power cost to generate one BTC!!!!

Cost of 327USD would be fine at rates like 700-1000USD but hashrate is atleast 3 times too small to support current 2200USD price.

Hashrate has no time to correct this, price will.

you forget the price of the asic that is 1355 usd... and in 175 days hashrate will be way more than now so mining is still balanced.

i think price will keep going up with hashrate till infinite Tongue

machasm

hero member

Activity: 786

Merit: 857

Quote from: lost_in_base on May 31, 2017, 06:20:19 AM

This is scary:

Antminer s9
13.th/s
1300w

time to generate 1 BTC with 13.5th/s 175 days
daily power cost at 0.06 cent rate, 1.87 US/day
175 day x 1.87USD =

only 327.25USD power cost to generate one BTC!!!!

Cost of 327USD would be fine at rates like 700-1000USD but hashrate is atleast 3 times too small to support current 2200USD price.

Hashrate has no time to correct this, price will.

Another to watch out for is the calculations are based on todays specs. Each day that goes by the diff gets higher and your return decreases. By the time 175 days have passed I wouldn't be surprised if your earnings all but halved!

lost_in_base

member

Activity: 84

Merit: 10

This is scary:

Antminer s9
13.th/s
1300w

time to generate 1 BTC with 13.5th/s 175 days
daily power cost at 0.06 cent rate, 1.87 US/day
175 day x 1.87USD =

only 327.25USD power cost to generate one BTC!!!!

Cost of 327USD would be fine at rates like 700-1000USD but hashrate is atleast 3 times too small to support current 2200USD price.

Hashrate has no time to correct this, price will.

spiderbrain

legendary

Activity: 889

Merit: 1013

Quote from: conspirosphere.tk on May 31, 2017, 04:32:13 AM

Any way to arb this?

Bitcoin price implied by $GBTC price is $4,588.

If it's contracted like a regular commodity ETF, they're supposed to match the fund share value to the value of 0.1BTC, in this case they should issue more shares until the price is closer to the target, and then use that extra money to buy bitcoins to match the required holdings. If you can find a way of borrowing someone else's shares, sell them, buy actual bitcoins, wait for them to rebalance the fund and then sell the bitcoins to buy back the shares for half the price > 100% profit minus the borrowing cost. Could work. Could be a disaster :/

This is just chit chat, not advice, you know

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

Quote

Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price
Bitcoin could make up 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years, according to Saxo Bank analyst Kay Van-Petersen.
Its market capitalization could grow to $1.75 trillion which would make each bitcoin worth $100,000.

http://www.cnbc.com/2017/05/31/bitcoin-price-forecast-hit-100000-in-10-years.html

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: podyx on May 31, 2017, 04:27:58 AM

I sent bitcoin few days ago with $0.25 fee which is what was recommended by wallet and it still hasn't confirmed. Is it really that bad?

Which wallet?

conspirosphere.tk

legendary

Activity: 2352

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Bitcoin is antisemitic

Any way to arb this?

Bitcoin price implied by $GBTC price is $4,588.

Mervyn_Pumpkinhead

legendary

Activity: 876

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Quote from: matrix zion on May 31, 2017, 03:07:59 AM

of course it's not done.
What did you think? That it would go to 0?

I don't really understand the hate those altcoins get.
Sur BTC is king but ETH, XRP... Those are major players, they've got their own techs and they won't just disappear.
Even if I have no doubt that BTC will always be n°1.

In general, it's starting to smell a lot like the profitable months are over. The markets are more aggressive and unpredictable, while the usual length of these bubble cycles also match. XRP was a little late to the party, so it is possible that it will leave later also. At least I made my current bet on that.

The phenomenon called "HOMO" (Hate Of Missing Out) is causing all this bad blood between hardcore bitcoiners and alts. Years ago they hoped, that by buying bitcoin, they can just sit on their ass while watching their wealth expand to unseen heights. Now alts remind them, that sitting on their ass, watching at the charts and hoping really strongly isn't exactly enough. They understand that they have to study more about the subject to earn the mind-bending riches that they hoped for. They bought bitcoin because they didn't want to work or read to analyse the latest technological trends. They wanted to buy lambos and be admired for their l33t riches. This is what is creating all this HOMO that can be seen among bitcoin fanatics.

podyx

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I sent bitcoin few days ago with $0.25 fee which is what was recommended by wallet and it still hasn't confirmed. Is it really that bad?

Eric Cartman

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Quote from: JayJuanGee on May 31, 2017, 02:30:34 AM

Quote from: Eric Cartman on May 31, 2017, 02:06:21 AM

7 days of green weekly candles?

This rise was bigger than the 2013 bubble

Huh?

I don't know how you figure? You mean the number of weekly candles in a row or the percentage of the rise?

Also 2013 had two uptrends, and this is the first uptrend that is not necessarily over yet because the percentage of the rise has not been as much this time and the demand for bitcoin seems to still be out there causing ongoing buying pressures.

You are premature if you suggesting this rise to be over because, currently we are in the middle of a correction and it remains unclear whether we are continuing up (seeming a bit more likely) or going down (seemingly a bit less likely)

Bigger in absolute value of the rise, of course

Eric Cartman

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Quote from: JayJuanGee on May 31, 2017, 03:06:42 AM

Quote from: nathalie20 on May 31, 2017, 12:55:01 AM

Quote from: pfrtlpfmpf on May 31, 2017, 12:14:47 AM

Quote from: PoolMinor on May 31, 2017, 12:00:29 AM

Quote from: TeeBone on May 30, 2017, 11:46:21 PM

Dumb orientals blowing loads over etherium, meanwhile Vitalik could roll back the chain tomorrow. At least pile ur cash into an immutable shitcoin.

Remember this one...

[https://blog.vdice.io/wp-content/uploads/2016/06/DAO-1.png[/img]

I can comprehend C2MF (not really) but what means "FLO" ? "Fear of loughing out loud" ?. Sorry i´m new to this internet thing.

I do not know why guys but I'm far from ethereum - this project stinks

There are a lot of folks who are in Ethereum who believe that Ethereum is going to surpass BTC's market cap and also reach price parity with BTC.

I find these kinds of thoughts to be quite amazing, and I did know even realize that Ethereum was a very secure way to store value - isn't ETH buggy and lacking some security? I am really surprised that the Ethereum network has not been attacked recently (besides the DAO situation) because currently there is supposedly $20 billion value (smoke and mirrors? ) appraised through the ETH marketcap... getting closer andcloser to bitcoin in terms of market cap, and then maybe later unit value? wow!!

and I still can't set up my ethereum core, the thing just refuses to sync Huh

matrix zion

sr. member

Activity: 381

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Quote from: Mervyn_Pumpkinhead on May 31, 2017, 01:09:22 AM

Looks like XRP isn't done yet.. riding another ride...

of course it's not done.
What did you think? That it would go to 0?

I don't really understand the hate those altcoins get.
Sur BTC is king but ETH, XRP... Those are major players, they've got their own techs and they won't just disappear.
Even if I have no doubt that BTC will always be n°1.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: nathalie20 on May 31, 2017, 12:55:01 AM

Quote from: pfrtlpfmpf on May 31, 2017, 12:14:47 AM

Quote from: PoolMinor on May 31, 2017, 12:00:29 AM

Quote from: TeeBone on May 30, 2017, 11:46:21 PM

Dumb orientals blowing loads over etherium, meanwhile Vitalik could roll back the chain tomorrow. At least pile ur cash into an immutable shitcoin.

Remember this one...

[https://blog.vdice.io/wp-content/uploads/2016/06/DAO-1.png[/img]

I can comprehend C2MF (not really) but what means "FLO" ? "Fear of loughing out loud" ?. Sorry i´m new to this internet thing.

I do not know why guys but I'm far from ethereum - this project stinks

There are a lot of folks who are in Ethereum who believe that Ethereum is going to surpass BTC's market cap and also reach price parity with BTC.

I find these kinds of thoughts to be quite amazing, and I did know even realize that Ethereum was a very secure way to store value - isn't ETH buggy and lacking some security? I am really surprised that the Ethereum network has not been attacked recently (besides the DAO situation) because currently there is supposedly $20 billion value (smoke and mirrors? ) appraised through the ETH marketcap... getting closer andcloser to bitcoin in terms of market cap, and then maybe later unit value? wow!!

Qartada

hero member

Activity: 546

Merit: 500

Quote from: Torque on May 30, 2017, 06:11:13 PM

Quote from: European Central Bank on May 30, 2017, 04:41:36 PM

and whatever happens bitcoiners should let go of the idea of bitcoin being it.

it's a big old world with more ideas and agendas than we can guess at.

javascript:void(0);

Completely, and totally disagree. For the world to have a universally accepted form of money that crosses borders, it would need to ideally consolidate on one. The world will never universally accept 1000 different forms of payment (money) as all being equally valuable.

Cryptocurrencies are in the innovator phase. We're in a very small minority of people who own Bitcoin or altcoins, and many people that do are not in it for the "spending" aspect of it.

Bitcoin is an amazing technology. Sometimes we can be blinded by that and get too sentimental - after that technology is created, someone else can build on that, and again and again and again.

Some day I do believe that there will be a largely accepted form of payment which bears resemblance to the Bitcoin we know today. Ether won't be that currency - it's still not there yet and it's not even designed to be a currency. Not to mention the fees, which are now still too high for small casual transactions (around ten cents or so for "gas").

Either Bitcoin will be that currency (in which case it'll require a lot of development and has a long way to go) or something else will be. In the meantime, there's going to be a lot of competition and we shouldn't pretend it's all worthless.

[Insert generic price speculation to avoid removal of post]

BlindMayorBitcorn

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becoin

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Quote from: Eric Cartman on May 31, 2017, 02:06:21 AM

7 days of green weekly candles?

This rise was bigger than the 2013 bubble

It will be if price brakes $10,000 by the end of this year. I'm pretty much convinced we're going there.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Eric Cartman on May 31, 2017, 02:06:21 AM

7 days of green weekly candles?

This rise was bigger than the 2013 bubble

Huh?

I don't know how you figure? You mean the number of weekly candles in a row or the percentage of the rise?

Also 2013 had two uptrends, and this is the first uptrend that is not necessarily over yet because the percentage of the rise has not been as much this time and the demand for bitcoin seems to still be out there causing ongoing buying pressures.

You are premature if you suggesting this rise to be over because, currently we are in the middle of a correction and it remains unclear whether we are continuing up (seeming a bit more likely) or going down (seemingly a bit less likely)

Eric Cartman

hero member

Activity: 741

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

7 days of green weekly candles?

This rise was bigger than the 2013 bubble

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17075. (Read 26585963 times)