Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23940. (Read 26710278 times)
December 23, 2014, 12:00:29 AM
December 22, 2014, 11:47:14 PM
Dude ChartBuddy I swear on me mum please just stfu...
You do know it's a bot right? Every hour, look at the time stamps...
December 22, 2014, 11:08:21 PM
Dude ChartBuddy I swear on me mum please just stfu...
The Ignore button is in the bottom left of each post. Please use it before everyone else does.
December 22, 2014, 11:04:54 PM
Dude ChartBuddy I swear on me mum please just stfu...
December 22, 2014, 11:00:29 PM
December 22, 2014, 10:53:39 PM
It looks like bitmains antpool is exploding with new mining farms based on their new antminer s5. I guess we will get a difficulty increase after all.
When?! Looks like we keep going down down down... hopefully the price doesn't!!!
December 22, 2014, 10:30:47 PM
it looks that we have entered into a momentary lateral market
the one who bought the 10k was trying to get this up but I think this is going to the floor after the lateral market finishes
the one who bought the 10k was trying to get this up but I think this is going to the floor after the lateral market finishes
Its starting to look positive. Stupid dinosaur banking... 3-5 days to transfer money
It would be faster by Pony Express. I think its time to catch the next dip, if my money ever reaches the exchange. December 22, 2014, 10:26:13 PM
it looks that we have entered into a momentary lateral market
the one who bought the 10k was trying to get this up but I think this is going to the floor after the lateral market finishes
the one who bought the 10k was trying to get this up but I think this is going to the floor after the lateral market finishes
December 22, 2014, 10:00:29 PM
December 22, 2014, 09:56:39 PM
so we now at bitcoin mining cost of 100$ from miners need to dump 3600 coins asap everyday to cover their cost? 
$100 is just electricity. ...
That's why I agree with Elwar--there's a much greater profit margin for small miners vs megamines.
Can megamines buy gear with mom's credit card & set it up in mom's basement (where electricity is free)?
Hell no!
How is NotLambChop so consistently right and everybody above Hero has him on ignore. I think we are the have-nots here, folks
December 22, 2014, 09:51:03 PM
where the $100/BTC mining guy lives?
In China/Vietnam, or any other almost free country?
Or the $100 are to bribe the police and the energy company about the energy fraud he is doing?
In China/Vietnam, or any other almost free country?
Or the $100 are to bribe the police and the energy company about the energy fraud he is doing?
December 22, 2014, 09:47:25 PM
you can call bs, but I get similar numbers - about 100~120 $ for 1 btc.
hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.
hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.
Ok Genius....how long for return on investment if I buy one of these?
https://bitmaintech.com/productDetail.htm?pid=00020140926075515819D846Og240603
December 22, 2014, 09:40:51 PM
so we now at bitcoin mining cost of 100$ from miners need to dump 3600 coins asap everyday to cover their cost?
$100 is just electricity. ...
That's why I agree with Elwar--there's a much greater profit margin for small miners vs megamines.
Can megamines buy gear with mom's credit card & set it up in mom's basement (where electricity is free)?
Hell no!
December 22, 2014, 09:33:58 PM
so we now at bitcoin mining cost of 100$ from miners need to dump 3600 coins asap everyday to cover their cost?
$100 is just electricity. Large mining farms have other overhead costs and often the cost of capital to worry about as well. If they did their maths at $600 and were expecting $850-$1200, they be dumping like a mofo.
What overhead?
via Imgflip Meme Maker 
December 22, 2014, 09:32:12 PM
so we now at bitcoin mining cost of 100$ from miners need to dump 3600 coins asap everyday to cover their cost?
$100 is just electricity. Large mining farms have other overhead costs and often the cost of capital to worry about as well. If they did their maths at $600 and were expecting $850-$1200, they be dumping like a mofo.
December 22, 2014, 09:31:19 PM
Re: mining. I think a lot of people were figuring their profit loss based on calculators that assumed the exponential increase in difficulty would continue forever.
Also, I think calculating the cost/profit/loss of a mining rig should not take into account fiat conversion and should be done purely in bitcoin.
The early batch of Neptune miners were available for around 11 to 12 bitcoins each for existing customers of KNC. At that price I was fairly confident that I would be able to mine at least that much back within 6 months of receiving the hardware... of course that is all highly dependant on when you receive hardware, difficulty, etc... many variables... much risk.
I've been mining since 2011 and I plan to continue mining until I move somewhere where it's not -20 degrees outside for 6 months out of the year
Also, I think calculating the cost/profit/loss of a mining rig should not take into account fiat conversion and should be done purely in bitcoin.
The early batch of Neptune miners were available for around 11 to 12 bitcoins each for existing customers of KNC. At that price I was fairly confident that I would be able to mine at least that much back within 6 months of receiving the hardware... of course that is all highly dependant on when you receive hardware, difficulty, etc... many variables... much risk.
I've been mining since 2011 and I plan to continue mining until I move somewhere where it's not -20 degrees outside for 6 months out of the year
December 22, 2014, 09:23:48 PM
so we now at bitcoin mining cost of 100$ from miners need to dump 3600 coins asap everyday to cover their cost?
December 22, 2014, 09:22:39 PM
It looks like bitmains antpool is exploding with new mining farms based on their new antminer s5. I guess we will get a difficulty increase after all.
December 22, 2014, 09:20:05 PM
...
Yeah, hardware costs were recovered long ago.
Yeah, hardware costs were recovered long ago.
And that's why, when you drop by the hardware section, all you see is happy miners stacking cheddar. No complaints about losing their "investment" due to manufacturers like HashFast, KNC, BFL, VirtualMining, etc., etc., etc.
Good story, brah
Can you make 100$ btc too??
December 22, 2014, 09:16:06 PM
...
Yeah, hardware costs were recovered long ago.
Yeah, hardware costs were recovered long ago.
And that's why, when you drop by the hardware section, all you see is happy miners stacking cheddar. No complaints about losing their "investment" due to manufacturers like HashFast, KNC, BFL, VirtualMining, etc., etc., etc.
Good story, brah
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