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right, but could someone actually fill those orders if they did it fast?
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the bids disappear when the market moves. could someone sell 30k coins and only move the market to $12 instantly?
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sad. it's like an adult talking to children.
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remember: the word quantum allows you to make any prediction you want.
quantum furries will soon run the world.
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According to BitcoinX.com's calculator, My revenue/day is $31.96 for 3500 mhash/s. It gives "Less power consumption" @ .17/kw, 2000w as 23.80. Meaning it costs about $8.16/day for 2.252 bitcoins.
TL;DR= $3.62/bitcoin
Maybe I'm getting old. Ok, I *know* I'm getting old, and I'm still in my 30's. What is the world coming to, when they can't read two sentences, and need a "quick version" or "Too long, don't read"? Cliff's notes for a 2 sentence post? Is there really anyone who can't be bothered to read the "entire" post? Come on! Matthew TL;DR: old guy says young people are lazy, news at 11. |
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counting solar panel cost as a cost of production is silly. the marginal cost of using the electricity for BTC is zero assuming he is generating a surplus. counting the costs of the solar panels would only make sense if he installed them specifically for mining or mining made them more expensive somehow.
No, ignoring the opportunit cost is ignorant. Stupid. Put 25.000 USD into a bank account and you get money. Sell the electricity and you get money. Use it for mining and you loose that - this is a cost. It is called opportunity cost. Same with depreciation - yes, aldo solar cells dont live forever. The cost of capital and loss of other income sources is a cost. For example every hour I spend tending my farm is a cost of 100 USD (actually more) because I loose an hour I can invoice a customer for. DERP marginal cost. Most people aren't set up to sell back the electricity from their panels. Overage is often mostly wasted. BTC is monetizing the overage. |
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counting solar panel cost as a cost of production is silly. the marginal cost of using the electricity for BTC is zero assuming he is generating a surplus. counting the costs of the solar panels would only make sense if he installed them specifically for mining or mining made them more expensive somehow.
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HD5870x2, 844, 15 ($225), $0.00 thanks to solar panels  even at night. NOOOOOOOOO!  You solar panel people are going to drive the rest of us out of business. |
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wow, did you think of that yourself or did you ask for help from your mom?
when will the price highers more?
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me: $3.11. At a price of $15 mining stays profitable for me until a difficulty of 7.5 Million
my electricity rate .125/kwh
I know some people out there pay half that.
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was just doing calculations and thought some lazy people might like to know the hard numbers.  2017 inflation will be under 4%. IMO that is when things will get VERY interesting VERY quickly. |
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2012 inflation will be 38%
2013 inflation will be 12%
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many people have costs in the .10c/kwh range. If profitability drops under that expect to see the difficulty flatline.
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actually not even .4 coins. 2x 5830's is yielding .38 at 600Mh
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after you specifically warned them not to?
My one friend bought cards at inflated prices after I ran some numbers and told him that the break even point was too far in the future. $800 for a rig that gets .4 coins a day is ludicrous.
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countries often declare independence when they are tired of a large fraction of their GDP enriching foreigners. what do you think the american revolution was about? freedom? it was about the bank of england.
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+1 end of 2012 will be an interesting time.
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I think we won't hit an inflection point until the reward halving AFTER next. When 16.5 million coins exist and the reward goes to 1800/day. At that point yearly inflation will be under 4%. Would you mind proving your statement with a calculation? From a purely monetary perspective from that point on bitcoin can only outperform fiat currencies. Real world (buying power) performance of course relies on many things.
Define 'outperform'... I think you're thinking a bit too narrow in terms and paradigms of 'conventional' econometry. With bitcoins we have since their creation seen a very high 'inflation', if defined as increase in coins in circulation, together with a very large and steady increase in value with respect to other currencies and commodities. Where else has this ever occurred? predictions about monetary supply effects are generally qualitative and not quantitative. |
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"the DOJ does not care about the law other than their own interpretation." Now you know why gun owners complain so much.  Fighting for liberty always means fighting for people you disagree with FIRST. |
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