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Topic: [XMR] Monero Speculation - page 2108. (Read 3313076 times)

hero member
Activity: 798
Merit: 1000
December 07, 2014, 07:50:27 AM
The floor of XMR may be 0.001, look at poloniex buy walls  Cheesy

Yawn, why does everyone talk about buy walls like they are all genuine buys. The bids were going between 60 and 205 btc a few days ago including someone continually placing and removing a wall at 0.0007 for 75 btc. Does that mean anything in regards to the direction the price is going? Its been rinse and repeat for months. Buy walls go up price stagnates, walls get removed price crashes. I hope its "different this time" but I doubt it.

That overstates "walls are not real" idea (often true) a bit. Several of the big XMR buy walls have been eaten not pulled.

I agree over the last few months several walls have been eaten. However I disagree with that sentiment in regards to the last few weeks , after warz pulled his 0.0015 wall. Since then the order book has been jumping around massively with bids at prices that are never going to get hit just to make the bid depth look more inviting. People actually use that as a real trading indicator as can be seen by the poster I replied to and also several people in polo box. Im simply stating that its a terrible indicator and its boring to see people speak about it as a real speculative tool.
member
Activity: 106
Merit: 10
December 06, 2014, 10:09:31 PM
Hash Rate: 21.34 MH/sec
XMR: 0.00112885 BTC

Something fishy is going on.. Insane hashrate for these prices.

Well - there is not much else to GPU mine these days, LTC and Doge are not gpu mineable anymore; DRK is an alternative but you won´t get much coins with their reward formula.

http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/

So, if you look here there´s DRK and then XMR...and the rest is only smaller coins which are gpu mineable.

If you point a 6x280x gpu rig at a multipool like wepaybtc you get like 0.0048 or so btc per day - 3 usd ...

That is ~ 1.2kW of energy for 0.0048 BTC which is around 1.8 USD if I am counting correctly.

Living in Europe I would pay over 5 EUR for that amount of electricity per day!



Living in germany where it's on average around 27-28 eurocent per kwh (33 usdcent per kwh), i can tell you - it makes no sense at all to mine Wink

Everyone screams about botnets that are cpumining, but maybe that´s even an advantage of monero, from a network security point of view.



smooth, the last time i checked it was around 1 xmr per 280x per day on average if i am not totally mistaken.

That was way earlier... Now its more like 0.5xmr per 280x.
hero member
Activity: 840
Merit: 1000
December 06, 2014, 09:21:41 PM
Everybody's waiting for a starter fire and after that Monero is going to the moooon!  Grin

Need good news
hero member
Activity: 532
Merit: 500
December 06, 2014, 08:55:35 PM
Hash Rate: 21.34 MH/sec
XMR: 0.00112885 BTC

Something fishy is going on.. Insane hashrate for these prices.

Well - there is not much else to GPU mine these days, LTC and Doge are not gpu mineable anymore; DRK is an alternative but you won´t get much coins with their reward formula.

http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/

So, if you look here there´s DRK and then XMR...and the rest is only smaller coins which are gpu mineable.

If you point a 6x280x gpu rig at a multipool like wepaybtc you get like 0.0048 or so btc per day - 3 usd ...

That is ~ 1.2kW of energy for 0.0048 BTC which is around 1.8 USD if I am counting correctly.

Living in Europe I would pay over 5 EUR for that amount of electricity per day!



Living in germany where it's on average around 27-28 eurocent per kwh (33 usdcent per kwh), i can tell you - it makes no sense at all to mine Wink

Everyone screams about botnets that are cpumining, but maybe that´s even an advantage of monero, from a network security point of view.



smooth, the last time i checked it was around 1 xmr per 280x per day on average if i am not totally mistaken.
legendary
Activity: 2968
Merit: 1198
December 06, 2014, 04:39:04 PM
The floor of XMR may be 0.001, look at poloniex buy walls  Cheesy

Yawn, why does everyone talk about buy walls like they are all genuine buys. The bids were going between 60 and 205 btc a few days ago including someone continually placing and removing a wall at 0.0007 for 75 btc. Does that mean anything in regards to the direction the price is going? Its been rinse and repeat for months. Buy walls go up price stagnates, walls get removed price crashes. I hope its "different this time" but I doubt it.

That overstates "walls are not real" idea (often true) a bit. Several of the big XMR buy walls have been eaten not pulled.
legendary
Activity: 2968
Merit: 1198
December 06, 2014, 04:37:09 PM
Living in Europe I would pay over 5 EUR for that amount of electricity per day!

It follows pretty obviously from how mining works that you shouldn't be mining at all in place with high electricity costs (i.e. much of Europe) unless you are doing it with the understanding that you are losing money (to support the network, as a way to get coins, etc.)

full member
Activity: 211
Merit: 100
December 06, 2014, 03:45:53 PM
Hash Rate: 21.34 MH/sec
XMR: 0.00112885 BTC

Something fishy is going on.. Insane hashrate for these prices.

Well - there is not much else to GPU mine these days, LTC and Doge are not gpu mineable anymore; DRK is an alternative but you won´t get much coins with their reward formula.

http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/

So, if you look here there´s DRK and then XMR...and the rest is only smaller coins which are gpu mineable.

If you point a 6x280x gpu rig at a multipool like wepaybtc you get like 0.0048 or so btc per day - 3 usd ...

That is ~ 1.2kW of energy for 0.0048 BTC which is around 1.8 USD if I am counting correctly.

Living in Europe I would pay over 5 EUR for that amount of electricity per day!
legendary
Activity: 2968
Merit: 1198
December 06, 2014, 03:44:40 PM
If you point a 6x280x gpu rig at a multipool like wepaybtc you get like 0.0048 or so btc per day - 3 usd ...

How much do you get with that same rig mining XMR?
hero member
Activity: 532
Merit: 500
December 06, 2014, 11:03:26 AM
Hash Rate: 21.34 MH/sec
XMR: 0.00112885 BTC

Something fishy is going on.. Insane hashrate for these prices.

Well - there is not much else to GPU mine these days, LTC and Doge are not gpu mineable anymore; DRK is an alternative but you won´t get much coins with their reward formula.

http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/

So, if you look here there´s DRK and then XMR...and the rest is only smaller coins which are gpu mineable.

If you point a 6x280x gpu rig at a multipool like wepaybtc you get like 0.0048 or so btc per day - 3 usd ...
sr. member
Activity: 381
Merit: 250
December 06, 2014, 11:02:08 AM
Everybody's waiting for a starter fire and after that Monero is going to the moooon!  Grin
hero member
Activity: 840
Merit: 1000
December 06, 2014, 10:45:48 AM
Hash Rate: 21.34 MH/sec
XMR: 0.00112885 BTC

Something fishy is going on.. Insane hashrate for these prices.

You mean the price is extremely undervalued, right? Cheesy
G2M
sr. member
Activity: 280
Merit: 250
Activity: 616
December 06, 2014, 10:42:06 AM
Hash Rate: 21.34 MH/sec
XMR: 0.00112885 BTC

Something fishy is going on.. Insane hashrate for these prices.

What do you think of this cross post?

It's now winter in the northern hemisphere, where crypto is most popular.

People are occasionally subsidized privately or by their gov't to keep warehouses warm .. likely this is a result of some entrepreneur into that area.

Offsetting heating costs with Monero, or any other mineable coin .. might not be just a botnet, when it could just be someone weighing the costs between paying for likely gas heating flat out, or electrical heating that has the possibility to be offset with mineable crypto.

Likely, they will be dumping at whatever cost though, so as far as that goes .. I'd expect to see little to no holding.

Maybe I'll be surprised though.
legendary
Activity: 1473
Merit: 1086
December 06, 2014, 10:41:08 AM
Hash Rate: 21.34 MH/sec
XMR: 0.00112885 BTC

Something fishy is going on.. Insane hashrate for these prices.
legendary
Activity: 2380
Merit: 1085
Money often costs too much.
December 06, 2014, 09:24:32 AM
Yawn, why does everyone talk about buy walls like they are all genuine buys. The bids were going between 60 and 205 btc a few days ago including someone continually placing and removing a wall at 0.0007 for 75 btc. Does that mean anything in regards to the direction the price is going? Its been rinse and repeat for months. Buy walls go up price stagnates, walls get removed price crashes. I hope its "different this time" but I doubt it.
The wallet is so complex to operate, most people seem to store their coins on exchangers. Means to much money is located very near to the market and in result gets daytraded heavily. That makes Monero number 5 inside coinmarketcap.com if you watch trade volume, which is several positions up from XMR's total size ranking.
Observing HitBTC buywall movements would add more detail to the picture, but >70% is taking place at Poloniex, so you are watching the right spot. This situation could recieve an improvement, but I am challenged to point out where exactly the right lever would be.

hero member
Activity: 798
Merit: 1000
December 06, 2014, 07:55:47 AM
The floor of XMR may be 0.001, look at poloniex buy walls  Cheesy

Yawn, why does everyone talk about buy walls like they are all genuine buys. The bids were going between 60 and 205 btc a few days ago including someone continually placing and removing a wall at 0.0007 for 75 btc. Does that mean anything in regards to the direction the price is going? Its been rinse and repeat for months. Buy walls go up price stagnates, walls get removed price crashes. I hope its "different this time" but I doubt it.
hero member
Activity: 840
Merit: 1000
December 06, 2014, 06:30:36 AM
The floor of XMR may be 0.001, look at poloniex buy walls  Cheesy
legendary
Activity: 2730
Merit: 1288
December 04, 2014, 11:33:58 AM
If it is average of last 12 hours then is always better to use difficulty then Hash rate.

I dont know why and now seems silly when think of it, but i thought Hash rate / reward is dificulty   Embarrassed
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
December 04, 2014, 09:32:51 AM
I find it somewhat surprising and very gratifying that the hash rate has remained at levels where vulnerabilities due to variance are inconsequential, despite the price winter.  It probably helps that most pump & dumps these days follow the pattern of PoS conversion which has been successful for past schemes, and thus do not attract so much persistent hash.
legendary
Activity: 2968
Merit: 1198
December 04, 2014, 09:03:55 AM
This chart is actually difficulty one and difficulty is about same as in mid Jully.

Hashrate is last weeks, or even months, 15-20 MH/s.

Difficulty is just the average hash rate over the previous 12 hours (divided by 60) so the charts are more or less the same except short term fluctuations. I used the difficulty one because there is a glitch in the data on chainradar hash rate chart that makes it useless. (The big spike -- which never really happened -- causes the rest of the chart to be scaled way down.)

legendary
Activity: 2730
Merit: 1288
December 04, 2014, 08:59:37 AM
This chart is actually difficulty one and difficulty is about same as in mid Jully.

Hashrate is last weeks, or even months, 15-20 MH/s.
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