Rich like 2013 rich? Long way to go. 
we're in one right now
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20644. (Read 26609319 times)
October 17, 2015, 07:47:08 PM
we're in one right now
October 17, 2015, 07:43:53 PM
this will end bad... like 2013?
October 17, 2015, 07:23:28 PM
October 17, 2015, 07:20:38 PM
Rich like 2013 rich? Long way to go.
October 17, 2015, 07:17:34 PM
are we rich yet?? 
October 17, 2015, 07:12:53 PM
Look at those dips getting eaten up.. this is going higher. FOMO almost certain. 
Buy ~here with reasonable confidence in a $220/$230 floor, and a ceiling of....?
Buy ~here with reasonable confidence in a $220/$230 floor, and a ceiling of....?
October 17, 2015, 07:01:52 PM
October 17, 2015, 07:01:08 PM
... Could you offer TL;DR of how you've arrived at 250MW? Not doubting you, just wondering what that number is meant to represent.
The network is at 500 petahash and the machines are pulling an average of 0.5w/gh (Ant s3 0.7w/gh, SP-tech 0.6w/gh, ant s5 0.5w/gh and newer gear 0.25w/gh).
You might be missing some details:
1. It's safe to assume that any [already purchased] gear will be kept online as long as it mines more coin than it costs to run. And 'costs to run' = electricity + cheap warehouse space.
A very large portion of the miners today are old Ant S3's. But a lot of mines will simply replace miners rather than upgrade capacity when things are as marginal as they are now.
If you have paid for a 500KW facility with with shelves for 500 machines, 500 psu's, 500 power outlets, Network with 500 lan cables, 10 power distribution units. 5 industrial grade fans, and so on, It makes a lot of sense to migrate to a more power efficient miner and turn your 500TH facility to a 1.5PH facility.
The machines will become obsolete anyway. The facility won't. And with margins the way they are, a lot of miners will try to optimize the capacity they already have rather than build/buy a new facility.
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Some will sell the old gear on ...
Unless the old gear is sold as paperweights/door stops, it will hash until it either dies or becomes unprofitable to run. Who cares if it's in a factory farm or has been sold to a hobby farmer?If you have 50 or 500 used machines you might try selling them on e-bay or through BCT. But if you have 10000 very used nearly obsolete machines, it might make more sense just stripping them for parts and chucking them in the bin.
Yeah, Chinese chicken coops are less exotic than actual data centers, but still...
But certainly not 3.7%, or else...There seems to be a trend now that involves not putting bitcoin mines in the tropic.
But even in warmer areas cruder solutions lead to massive power savings.
Here you see wet paper on the right and fans pulling air out on the left. Thus pulling humidified air through the wet cool paper.
Paper being kept wet with some pcp piping.
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... the dutch and belgian mining operations with 20 cents per kw/h went first. While areas with 2 cent kw/h are booming. It's a volatile market.
There really were factory farms running on $.20 power? In late 2013 you would earn $30 per kw/h with an early KnC asic. Some people didn't plan ahead.
October 17, 2015, 06:24:43 PM
Bloody hell. Is that what kids are wearing these days in America??
Shirts? Yup. They came over from the Old World about three years ago. All the Americans I've met were delighted to throw those smocks away.
Is that all the remarkable clothing features you can distinguish in that pic?
October 17, 2015, 06:22:40 PM
this doesn't looks good.
2013 again?
2013 again?
2013??
Bring it on!
October 17, 2015, 06:17:42 PM
Exciting times ahead for crypto! bitcoin!
FTFY
October 17, 2015, 06:15:15 PM
Exciting times ahead for crypto!
October 17, 2015, 06:01:47 PM
October 17, 2015, 05:59:51 PM
this doesn't looks good.
2013 again?
2013 again?
huh? what do you mean??
October 17, 2015, 05:56:59 PM
this doesn't looks good.
2013 again?
2013 again?
October 17, 2015, 05:56:27 PM
Did he introduce the 'landing strip' too ?
He's a very modest guy but the answer is yes. They didn't know how to get a spacecraft back on the ground but they decided to go up anyway and figure it out while buzzing around. The rest is history.
October 17, 2015, 05:50:08 PM
Hair in the Americas goes back decades.
April 14th 1981. John Young, commander of the first shuttle flight, brought hair back to the US from space for the first time. I guess all those Apollos and Gemini hadn't been in the right orbit to find it. Ever since then it's become a very popular addition to American life.
Did he introduce the 'landing strip' too ?
October 17, 2015, 05:48:22 PM
Hair in the Americas goes back decades.
April 14th 1981. John Young, commander of the first shuttle flight, brought hair back to the US from space for the first time. I guess all those Apollos and Gemini hadn't been in the right orbit to find it. Ever since then it's become a very popular addition to American life.
October 17, 2015, 05:45:44 PM
Bloody hell. Is that what kids are wearing these days in America??
Shirts? Yup. They came over from the Old World about three years ago. All the Americans I've met were delighted to throw those smocks away.
I think he might also have been talking about the thing on his head
Hair in the Americas goes back decades.
Yeh, I've seen Donald Trump ... nothing new there for a decade or two
October 17, 2015, 05:43:16 PM
Bloody hell. Is that what kids are wearing these days in America??
Shirts? Yup. They came over from the Old World about three years ago. All the Americans I've met were delighted to throw those smocks away.
I think he might also have been talking about the thing on his head
Hair in the Americas goes back decades.
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