Its feeling a bit colder and the bitcoin price is feeling a little more bullish
1 month till next bubble.
Topic: When the colder weather comes the Bitcoin will rise. (Read 4233 times)
Its feeling a bit colder and the bitcoin price is feeling a little more bullish
1 month till next bubble.
Alot of people heat their homes in the winter with their mining rigs, i do not have a gas furnace. So if i need heat i have to run my A/C in reverse mode, and if the temps are below 40F it has to use heat strips. Which use a staggering 2.4KW..
So by mining and using about 700-800W last year my house stayed pretty warm, until it got below 30F. Then i needed to wear a jacket.
This winter i am building a 2nd GPU rig, so i am hoping to be comfortable in my home down to about 15F. Which in USDA Zone 8 is about as cold as it usually gets for any length of time. I do not run my rigs in the summer as my A/C kill cuts into my overhead.
So yes i expect the overall hashrate to rise, and in my experience so does the price. Also during the December Holidays many will buy their friends and family bitcoins as a present, they will be the new gift cards! I already have someone that wants to buy a few hundred dollars worth of BTC from me so he can divvy it up to his friends and family for the holidays.
So by mining and using about 700-800W last year my house stayed pretty warm, until it got below 30F. Then i needed to wear a jacket.
This winter i am building a 2nd GPU rig, so i am hoping to be comfortable in my home down to about 15F. Which in USDA Zone 8 is about as cold as it usually gets for any length of time. I do not run my rigs in the summer as my A/C kill cuts into my overhead.
So yes i expect the overall hashrate to rise, and in my experience so does the price. Also during the December Holidays many will buy their friends and family bitcoins as a present, they will be the new gift cards! I already have someone that wants to buy a few hundred dollars worth of BTC from me so he can divvy it up to his friends and family for the holidays.
Well i think the outdated mining rigs will end being used like this, lol.. or you can pile some of those , put a frying pan above them and fry some eggs.
So if the global warming comes out to be true, Bitcoin is condemned to fail?
I would not be surprised at all if the hashrate rises more when the weather is cold. If miners were to be able to not use heat but instead place their miners near windows to keep their house warm then they would need to worry less about the cost of electricity verses what they earn mining.
I don't even put mine in a window. I just use it to add supplementary heat to my coolish back bedroom.
Whatever I mine is gravy.
I've wondered if hashrate increases faster during cold seasons where BTC's widely mined, too. I'm partially pleased I haven't sold too many of my rigs... electric heating cost isn't too far off propane here, and it's nice to not need to even refill the tank until the Summer discount window.
You're not the only one. A cool spring meant I didn't shut down my miner until late May.
It should be up running again this autumn. Too bad it's last year's hardware, but that's OK.
Even a few million satoshis per month is better than squat when the cost of electrically heating my city place absorbs the cost of hashing.
I've wondered if hashrate increases faster during cold seasons where BTC's widely mined, too. I'm partially pleased I haven't sold too many of my rigs... electric heating cost isn't too far off propane here, and it's nice to not need to even refill the tank until the Summer discount window.
You're not the only one. A cool spring meant I didn't shut down my miner until late May.
It should be up running again this autumn. Too bad it's last year's hardware, but that's OK.
Even a few million satoshis per month is better than squat when the cost of electrically heating my city place absorbs the cost of hashing.
Now people are on holidays and the volume is really low, probably in October we will se much more tradings.
stop dreaming and lying, it won't happen
bitcoin is going to no where but down
bitcoin is going to no where but down
stop spreading bearshit !
Alot of people heat their homes in the winter with their mining rigs, i do not have a gas furnace. So if i need heat i have to run my A/C in reverse mode, and if the temps are below 40F it has to use heat strips. Which use a staggering 2.4KW..
So by mining and using about 700-800W last year my house stayed pretty warm, until it got below 30F. Then i needed to wear a jacket.
This winter i am building a 2nd GPU rig, so i am hoping to be comfortable in my home down to about 15F. Which in USDA Zone 8 is about as cold as it usually gets for any length of time. I do not run my rigs in the summer as my A/C kill cuts into my overhead.
So yes i expect the overall hashrate to rise, and in my experience so does the price. Also during the December Holidays many will buy their friends and family bitcoins as a present, they will be the new gift cards! I already have someone that wants to buy a few hundred dollars worth of BTC from me so he can divvy it up to his friends and family for the holidays.
So by mining and using about 700-800W last year my house stayed pretty warm, until it got below 30F. Then i needed to wear a jacket.
This winter i am building a 2nd GPU rig, so i am hoping to be comfortable in my home down to about 15F. Which in USDA Zone 8 is about as cold as it usually gets for any length of time. I do not run my rigs in the summer as my A/C kill cuts into my overhead.
So yes i expect the overall hashrate to rise, and in my experience so does the price. Also during the December Holidays many will buy their friends and family bitcoins as a present, they will be the new gift cards! I already have someone that wants to buy a few hundred dollars worth of BTC from me so he can divvy it up to his friends and family for the holidays.
Yeah if you're really heating with electricity, you're best off doing this with a mining rig. It's just heating the apartment and getting a few bucks on the side! Better than just wasting the energy, I guess!
Alot of people heat their homes in the winter with their mining rigs, i do not have a gas furnace. So if i need heat i have to run my A/C in reverse mode, and if the temps are below 40F it has to use heat strips. Which use a staggering 2.4KW..
So by mining and using about 700-800W last year my house stayed pretty warm, until it got below 30F. Then i needed to wear a jacket.
This winter i am building a 2nd GPU rig, so i am hoping to be comfortable in my home down to about 15F. Which in USDA Zone 8 is about as cold as it usually gets for any length of time. I do not run my rigs in the summer as my A/C kill cuts into my overhead.
So yes i expect the overall hashrate to rise, and in my experience so does the price. Also during the December Holidays many will buy their friends and family bitcoins as a present, they will be the new gift cards! I already have someone that wants to buy a few hundred dollars worth of BTC from me so he can divvy it up to his friends and family for the holidays.
So by mining and using about 700-800W last year my house stayed pretty warm, until it got below 30F. Then i needed to wear a jacket.
This winter i am building a 2nd GPU rig, so i am hoping to be comfortable in my home down to about 15F. Which in USDA Zone 8 is about as cold as it usually gets for any length of time. I do not run my rigs in the summer as my A/C kill cuts into my overhead.
So yes i expect the overall hashrate to rise, and in my experience so does the price. Also during the December Holidays many will buy their friends and family bitcoins as a present, they will be the new gift cards! I already have someone that wants to buy a few hundred dollars worth of BTC from me so he can divvy it up to his friends and family for the holidays.
Online activity in most departments goes up when it gets cold. Next bubble incoming after the summer in the west.
Beach bums control the bitcoin price, not the whales
YES YES! Exactly what I'm always talking about! It's all the people who come back from their family holidays, starting to get back to their jobs, and then talk to their colleagues over lunch, when someone drops the word 'Bitcoin'... They'll learn about it and invest soon after! It's going to be an autumn rocket, I'm telling you guys!
Online activity in most departments goes up when it gets cold. Next bubble incoming after the summer in the west.
Beach bums control the bitcoin price, not the whales
lol i did not see any real summer this year. so i am not really sure if should i believe you.
Online activity in most departments goes up when it gets cold. Next bubble incoming after the summer in the west.
Beach bums control the bitcoin price, not the whales
Yeah, you're right! I also believe this. We have to remain stable at current prices in order not to fall too far down, but if we can get into September, I guess we may be in for a nice stable and continuing rise then! Next bubble coming, indeed!
Legit. Whales are too busy enjoying summer to waste time on pumping.
In Bitcoin's short historical past, this theory holds water. I expect to see calm well into the Fall and the next major movement to began this Winter. There was a chance we would go up in the summer however events have since shown this wasn't likely in the cards.
What helps your mood when you are stuck at home with several feet of snow outside? Watching to see what moves up faster, the snow drift outside your front door OR the price of Bitcoin. Going to be a HOT winter folks.
What helps your mood when you are stuck at home with several feet of snow outside? Watching to see what moves up faster, the snow drift outside your front door OR the price of Bitcoin. Going to be a HOT winter folks.
HODL!
Online activity in most departments goes up when it gets cold. Next bubble incoming after the summer in the west.
Beach bums control the bitcoin price, not the whales
2011 there was a bubble in the middle of the summer though. Other than that the historical prices are consistent with your theory!
We are not econometrologists here.
Quote
I really do not see any link between the weather and bitcoin use/adoption personally as people will always have the same incentives to use bitcoin.
Social media more active, forums etc more chance of butterfly effect. Can the weather be the catalyst to start the bubble? nope it will be something like amazon, wall street etc
I've wondered if hashrate increases faster during cold seasons where BTC's widely mined, too. I'm partially pleased I haven't sold too many of my rigs... electric heating cost isn't too far off propane here, and it's nice to not need to even refill the tank until the Summer discount window.
I think the hashrate is overall going to be higher in the colder months as the difficulty reaches the point that the cost of running the most efficient miners approaches the value of the bitcoin produced. The reason behind this is that the miners obviously produce heat that can be used to heat people's homes. I really do not see any link between the weather and bitcoin use/adoption personally as people will always have the same incentives to use bitcoin.
Jump to: