how high do you guess are the chance to go sub $200?
If I would speculate on some facts I would look at perhaps a new mining option offered by https://megabigpower.com/ running new Bitfury hardware. The key is that when it becomes profitable to buy BTC vs hardware, business opportunities do present themselves. As far as the bear market shorting works even for newbies on a downtrend. How many will be able to cope with a reversal? What's a 'reversal'  Market Reversals And How To Spot Them By Matt Blackman It was complicated. Reads like a bull trap It is an important tool used by many bears. A ten-day pattern followed by a bull trap? Key point to note from Matt Blackman's hand book. "Timing trades to enter at market bottoms and exit at tops will always involve risk, no matter which way you slice it. But techniques like the sushi roll, outside reversal week and rolling inside/outside reversal, when used in conjunction with a confirmation indicator, can be very useful trading strategies to help the trader maximize and protect his or her hard-won earnings." |
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The good news is that the network distribution is well balanced.  Weeeelll, yes, all the top 4 companies would have to collude in order to launch a 51% attack (e.g. to take 100% of the rewards, by ignoring blocks mined by other miners and thus orphaning them).  indeed and then loose the faith of the community and go bankrupt for what? People that adopt BTC as a trading platform should understand that many Bitcoin participants from all over the world with great minds are working on the tech satisfy ego, rather then the speculative opportunities. What if a bad actor paid them to attack the network? It's a big flaw of bitcoin's design. It doesn't matter if "there is no incentive" (although I have doubts about that), you cannot allow something like this to theoretically happen IMHO. Mining centralisation is just another big problem with bitcoin and his POW, by design. Listen hardware costs operating costs and, network difficulty and how it finds its balance on the network has not changed in 5 years. CPU / GPU / FPGA / ASIC.. What makes this network the bitcoin network rule over all the other crypto networks is the network participants. Even if the "BAD" actor gains traction. It will be short lived. |
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how high do you guess are the chance to go sub $200?
If I would speculate on some facts I would look at perhaps a new mining option offered by https://megabigpower.com/ running new Bitfury hardware. The key is that when it becomes profitable to buy BTC vs hardware, business opportunities do present themselves. As far as the bear market shorting works even for newbies on a downtrend. How many will be able to cope with a reversal? What's a 'reversal' Market Reversals And How To Spot Them By Matt Blackman It was complicated. Reads like a bull trap It is an important tool used by many bears. |
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The good news is that the network distribution is well balanced. Weeeelll, yes, all the top 4 companies would have to collude in order to launch a 51% attack (e.g. to take 100% of the rewards, by ignoring blocks mined by other miners and thus orphaning them). indeed and then loose the faith of the community and go bankrupt for what? People that adopt BTC as a trading platform should understand that many Bitcoin participants from all over the world with great minds are working on the tech to satisfy ego, rather then the speculative opportunities. |
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how high do you guess are the chance to go sub $200?
If I would speculate on some facts I would look at perhaps a new mining option offered by https://megabigpower.com/ running new Bitfury hardware. The key is that when it becomes profitable to buy BTC vs hardware, business opportunities do present themselves. As far as the bear market shorting works even for newbies on a downtrend. How many will be able to cope with a reversal? What's a 'reversal' Market Reversals And How To Spot Them By Matt Blackman |
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how high do you guess are the chance to go sub $200?
If I would speculate on some facts I would look at perhaps a new mining option offered by https://megabigpower.com/ running new Bitfury hardware. The key is that when it becomes profitable to buy BTC vs hardware, business opportunities do present themselves. As far as the bear market shorting works even for newbies on a downtrend. How many will be able to cope with a reversal? |
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The best thing a bulltard could do right now is to remove all the "trolls" from the ignore list and just fucking listen to some arguments.
Ignorance is not bliss.
This is sinking faster than the Titanic and the bulltards are singing happily on their violins, because they removed all the negativity.
To me the ignore option is a way to weed threw the wheat vs the shaft in this thread, and then if they feel they have missed something then open up the floor to the "other" perspective. I just wanted to add. I remember playing a game called Bards Tale. There was a chapter in the game where the hero had to listen to confined prisoners in order to free them. However only 1 truly knew the answer. Yet the other 2 made such a convincing argument that they were correct. If you ended up listening to the one that actually knows the sequence then all the prisoners would not die. IF you are a bull or bear, be humble and KNOW THIS. Hindsight is 20/20. |
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 As far as I can tell many bears here may wish the price to go down just to cover their short positions. What will come of it? Perhaps history will be repeating itself. |
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żDo you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.
The chances that a bottom is above 200$ are slim to none in my opinion. Still no interest at all at these prices, and not enough panic. I would say 180$ is pretty much a given target, and most likely all the way to ~100$ well, I would say we had enough panic by now. People are overselling right now. This is going to bounce before we hit 200$ tonight. Everybody is expecting the price to hit 200 soonish once the first bigger buys start to take action, panic buys are going to happen and we will bounce up. Who knows if the market will try to test even 100$ after it or close the shorts. At this price USD/BTC the profit many miners are experiencing is negative. Even if hardware is paid off, once you factor in things such as employee wages, hardware cooling, and building rental. As requested I updated the document with a $250 and $300 and $400 USD valuation. |
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Hey, very nice job. One think I'm confused about though is the hardware efficiency, shouldn't the BTC/GH stay constant between $300 and $200? THAT metric is used to indicate the asking price value for the chosen hardware prior to purchase. Helps decide vs buying other hardware offerings. It only applies to those curently offered hardware prices. To those expressing gratitude. Thank you and your welcome. However these sheets have been compiled by me yet I am not the original author. Two other bitcointalk community members in the past shared their respected documents. I only put them together and kept them up to date along with adding requests over time. Please feel free to share any important calculations that may be missed. anyone have anything to add to this sheet? |
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New low on China and bitfinex  The good news is that the network distribution is well balanced. |
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Hope the perma-bulls will at least take the chance to learn something here. Herd behaviour, mass psychology, going against the crowd, delusions, blind greed, economics, investing, trading, controlling one's emotions, bubbles, technology, frauds, scammers, sociopathy, ethics, etc. Whether you got screwed or you profited, there's a lot to learn from this whole mess. I'm actually serious You forgot a few. The wealth effect and game theory and of course how to avoid the wambulance did not buy/sell cry when investing. |
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2015-01-12  2015-01-13  2014-01-13 This Time Last Year ..  2013-01-25 This Time 2013..  |
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The difficulty increase combined with the price drop has me turning off another batch of miners. How about you?
I will retire unprofitable miners. At the moment nearly all mining asic's are becoming so. |
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This is what you get with unregulated markets. It has nothing to do with Bitcoin. If the stock markets were unregulated like this, it would destroy our civilization.
Human nature is a key factor in the equation. |
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Blocks/hour 4.85 / 742 s
If it drops too low then all trust in the network vanishes and btc is rendered worthless and perceived as such by the world.
BTCGUILD is solving blocks making miners there quite happy. |
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There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?
We are entering the new price range that will make those who mine and dump and are using bitcoin as a means to raise funds stop operations and move onto more rewarding means. Those who understand the value bitcoin has will seize this opportunity and capitalize on it. Those who have used this downward trend most likely will find how short sighted they were. Similar to the early adopters. Ultimately the open market will decide its value. I do not base my speculative perspective solely on experience. There are other factors at play that have been extensively discussed about. All one way or another will decide who they will be. |
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Thank you for the great photos.
Keep up the good work.
Do you know if the power supply can be 9v dc like the S5?
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Hi,
In my country, the cost per kW is 0.22
Let say I'm using antminer S4, 1.4kW
Can you tell me how to calculate power consumption?
I have searched in the internet to find the formula but no luck.
Review my last 2 posts. In it you will find a document that will help you out. |
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Hey, very nice job. One think I'm confused about though is the hardware efficiency, shouldn't the BTC/GH stay constant between $300 and $200? THAT metric is used to indicate the asking price value for the chosen hardware prior to purchase. Helps decide vs buying other hardware offerings. It only applies to those curently offered hardware prices. To those expressing gratitude. Thank you and your welcome. However these sheets have been compiled by me yet I am not the original author. Two other bitcointalk community members in the past shared their respected documents. I only put them together and kept them up to date along with adding requests over time. Please feel free to share any important calculations that may be missed. |
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