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14281  Bitcoin / Bitcoin Discussion / Re: More than 10000 miners shut down due to market conditions on: November 21, 2018, 04:28:29 PM
the story
f2pool throwing out 10's of thousands of asics..... fake news
the images are from last years flood.

and it seems f2pools hashrate is going UP not down
https://data.bitcoinity.org/bitcoin/hashrate/6m?mining_pool=F2Pool


oh and although s9's are not profitable bitmain said that T15's will be delivered to pools/users in december. after they cough cough quality assure test them cough (profitably mine them for a month)
so dont scream panic

as for financial stuff
VC's, institutions are all prepping to claim a financial year loss in december , which they love(tax deductions are yummy)
then 2019 is a fresh year

1. next gen asics delivered
2. bakkt
3. institutions set to be ready to perform ETF
4. this temporary drama of a dip ends
14282  Bitcoin / Bitcoin Discussion / Re: Bitcoin Cash Hash War: The Hard Fork Aftermath Explained on: November 21, 2018, 03:58:40 PM
after the 36th minute when they talk about hashrate.. i laughed.

lets clear things up
if 2 chains are using 2 different RULES.... hashrate does not matter. the rules come first.
a pool can have 100zeta hash. but if the block doesnt fit the rules.. reject in under 2 seconds.

however
if there were 2 chains with blocks of the same rule .. then and only then is the decision based on the blockchains combined hashrate for the whole chain

now the funny part,
the "re-org"
 if craig does overtake. and the chain ABC follow is SV's(while it is using ABC compatible rules)..and then he changes the rules.
if the majority of the nodes are still ABC.. craigs new ruled blocks get rejected by ABC. and so ABC pools can just mine a block with majority rule ABC will like can slide in.

thus making SV stall out where SV nodes accept SV and ABC accept ABC and they fall apart again.as 2 separate chains
craig doesnt realise its about code of node as well

a ABC node wont accept a SV block if the SV block doesnt fit a ABC nodes rules
a SV node wont accept a ABC block if the ABC block doesnt fit a SV nodes rules

again its not just hashpower
14283  Economy / Speculation / Re: Bitcoin prices are destroyed, everyone is disappointed on: November 21, 2018, 03:40:19 PM
for me a price drop is discount day.
great oppertunity to buy cheap coins before prices go up.

many people seeing the price hanging above $5800 were hoping for it to go down to buy more.. i would call this a great time to. as we are about to nter 2019 where finance firms start a new tax financial year clear of losses. so can easily push forward.
(many finance firms that made a january-march loss didnt want to suddenly profit before year end. so happy to end year at a loss to claim tax deductions) . then in 2019 . boom. asics will be deliverd to people. ETF will finally get some go aheads. and people will be buying coin again.
14284  Bitcoin / Bitcoin Discussion / Re: conspiracy theory on: November 21, 2018, 03:30:42 PM

...


So instead of making a profit in 5K$, they could make a profit with 3K$? Also, the 7nm asic developed for Bitmain... is like having two s9 with the same electricity consumption so maybe it's 50% more profitable?

So after the release of the asic to the public, the price went down quickly and it will until 3k$-4k$ as the sending day approach?

ASICS have been created and being tested by SOME pools....
... the public delivery date is late december

its also that the ASIC purchasing gave the sale organisers excess btc

....
now some simple math

having one T15 is like having 2 S9 hashrate. but the electric is different. its 1.6kwh(t15) not 1.3kwh(one s9)
which um if 2 s9=2.6kwh then your saving 1kwh for same hashpower.
theres also other factors like saving space, cabling cooling costs. which help by having less asics that do the same job.
its also worth mentioning boost also helps do the job better too

in short it works out for every 10 S9's you can swap it for about 4 T15's for the same effect

.....
current hashrate puts profitability for those limited pools with access to pre-delivery nextgen asics at above $3.6k+
for a small amount of mining. emphasis small amount(the whole network is not T15 mining)

VERY bottom line costs IF mining (T15 asics) is taking the hashrate in exa (eg 40) and multiply it by 89 to get cost of mining BOTTOMLINE(based on a 5cent electric.. (farms get it cheaper but farms also have labour and facilities leasing so it evens out to 5 cents))
but remember
there are still S9's running bought at the $450 per unit which is a 111 multiple of hashrate to calculate their bottomline costs.
there are still S9's running bought at the $850 per unit which is a 154 multiple of hashrate to calculate their bottomline costs.
and yea there a few S9's that didnt give up that didnt sell up. that bought asics even more expensive. but hey

so the value support lines range is $3600-$6100 at 40exa hashrate

personally i was hoping for hashrate to have moved over 65exa last month-this month.. but seems they didnt want to shoot themselves in the foot this time causing a hashrate spike and temporary price drama upwards
 
meaning the bottomline even with new T15's would still be above the $5800 12 month support from november 2017-november 2018 IF the hashrate was 65exa+
14285  Bitcoin / Bitcoin Discussion / Re: why there is no an app for lighting network ? on: November 21, 2018, 04:03:14 AM
I don't think the developers are 100% sure about the security of Lighting network and there are report of money being lost on it and if this become a norm there is no better FUD to kill the project before it even begin.

LN devs are themselves saying there are many issues that cannot be fixed.
https://www.youtube.com/watch?v=8lMLo-7yF5k&t=570
^ just one example
14286  Bitcoin / Bitcoin Discussion / Re: Is Roger ver the only person who to blame right now? on: November 21, 2018, 03:48:59 AM
of course Craig isn't selling bitcoin to crash the market. he doesn't have enough BTC to put a dent in the price. but he doesn't have to sell to cause the crash. the FUD does it for him.
it is like the exchange hacks. for example when bitfinex was hacked in 2016 the hacker did NOT sell the hacked coins on the market! others did! and that caused the drop.

a small amount is fud. but the fud panic sellers are not causing the dips.
 think about it, fud/panic sellers are thousands of simultaneous but independent people... deciding at the exact minute to sell all at the same time.. doesnt happen.
they REACT after the fact,,, they are for emphasis "the after effect". not the cause.

_____
           \
            \
             \
              \/\/\/

what you notice is miners/VC's (whales with excess funds) sell here
what you notice is panicer's(small minnows) sell here

the thing is. when the price dips. it dips significantly.
if it was by random people. you would see separate small dips after the fact. not hoard dips of large amount in one.

but they are reacting to the dip.. not to altcoin drama.
EG did you see a panic drama price dip last august 2017.. no. because no large whale drama of VC/asics happened in august on the exchanges..
so yes fud panic was a SMALL affect. but as a small tail after action of a dip.

but not related due to altcoin drama. direct.
the psychology of panic is.
"the price tanked, i must sell now..." minutes later "ill blame craig/ver for losses to not feel guilty of own loss/stupidity"
its not
"the price tanked, i must research why" minutes later "it must be craig so i must sell"
its not
"craig is making an alt, i must sell" minutes later "OMG it tanked, its craigs fault"

panicers panic due to seeing a price. and then find an excuse, any excuse to not feel guilty for their own losses

what im just doing is informing people that the dip was not craig/ver. they cant afford to waste funds and exchange arbitrage shows no pattern of them moving funds from their [alt/btc] then [btc/usd] to cause it
14287  Bitcoin / Bitcoin Discussion / Re: Is Roger ver the only person who to blame right now? on: November 21, 2018, 03:13:32 AM
you want us to believe that a mining farm that is still making the same amount of bitcoin started making more $$$ profit so they decided to sell more?!! that doesn't make any sense. if anything when miners make more profit they either continue to sell the same amount or sell less because they don't have to. so technically price should have gone up instead.

don't forget that majority of miners (specially big farms) never sell their coins on exchanges. they do it off the market and that never affects the price.

part if it is true.. but it goes alot deeper
big farms get fiat from investors as OTC contracts that span months. where an investor pre funds the farm and over time the farm hands coins to the investor at set rates/agreed prices.

now the deeper part
when a farm is getting MORE coin than it can offer OTC because its mining more efficiently and the exchange is available to give them profit they will. so where they usually dont touch exchanges. they suddenly are
as you said they usually never sell on exchanges.

which counters your own "continue to sell the same or sell less"..
before this month they hardly ever touched exchanges, but this month they are. meaning they are selling more.. because they never sold much in the first place before

this month is different is different
they have more BTC then usual so can grab more fiat to expand faster than their normal contract plan
also alot of people bought new asics using BTC so as a second income stream the farms have more btc then they need.
again not normal time of year.
this month is a bumper month where certain farm has EXCESS btc above its OTC demands
..
but like i said as a separate event . VC's from 2017 are now unlocking their coins and spending finally. so its not just mining
...
but definetly not sv abc.. ...  sv abc is just separate insignificant side drama of playing up some fame.
(exchange market arbitrage analysis does not show a pattern.. so craig isnt cycling funds)
14288  Bitcoin / Bitcoin Discussion / Re: Is Roger ver the only person who to blame right now? on: November 21, 2018, 03:01:31 AM
although the consequences of this war is affecting bitcoin. and it is not just Ver, it is Wright too and they both are fighting over control and money.

the funds of sv abc are not hitting btc.
that stats of exchanges do not show that craig is selling down BTC/USD.
(if you understand arbitraging of one market going down another has to go up, to cycle the funds around.. this has not happened)

abc and sv are not the cause
14289  Bitcoin / Bitcoin Discussion / Re: Is Roger ver the only person who to blame right now? on: November 21, 2018, 02:17:15 AM
does his action trigger the holder in general to no longer believe in bitcoin, and the movement of the mining giant makes people think negatively about the future of bitcoin? I like your quote about 9-11 many people who feel victimized or want to be victims, in this case cut loss is now becoming trendy and distrust of the future of bitcoin is spread throughout the world

he triggered NOTHING

the hashrate of BTC is due to new asic switch over..
farms are switching 2 s9's for 1 T15 to keep hashrates the same(prevent a hash spike). they are using boost so that they can reduce the amount of asics needed while still making blocks within the healthy block target time. (to prevent a difficulty spike)
farms learned not to spike hashrate/difficulty from the 2013 event. which caused a temporary price spike and then a 2 year limp along of stagnation. so this time they are trying something different.

the price of BTC is due to more efficient mining means more profitable to mine even below previous baseline value and some VC contracts from a year ago that are finally unlocked and able to spend.

people knew new asics were going to happen, it started last month and people knew back in summer that last months next gen rigs were happening
the VC contracts were from november 2017 so had alot of time.

the only thing is craig knew it too so timed his separate insignificant stuff.. to now try taking glory for btc stuff even though he aint the cause.

craig just bought up some second hand asics that are old gen(obsolete). he is not stealing hashpower. he is just creating his own hashrate. not stealing btc hashrate
14290  Alternate cryptocurrencies / Altcoin Discussion / Re: Confusing the masses on: November 21, 2018, 01:47:25 AM
the abc sv drama is fake drama.. it has no influence on btc events

it was just well timed drama of sv abc who are just taking the oppertunity to play off whats really happening within btc. to pretend they are the cause. they are just glory hounding a separate event with their drama to fake being influencers.

again sv-abc has nothing to do with whats actually happening within btc.
sv-abc is as important as any other altcoin (meaning no importance/significance)

dont be fooled by the social drama of fame grabbing. instead look at whats really happening within btc.
if you concentrate on btc and ignore the sv-abc side drama. you will gain a different prospective

as for LN, your right. even the devs agree
https://youtu.be/8lMLo-7yF5k?t=570
14291  Bitcoin / Bitcoin Discussion / Re: Is Roger ver the only person who to blame right now? on: November 21, 2018, 01:34:18 AM
these price events have nothing to do with the altcoin drama

those studying actual stats and information knew that november would be a weird month.(no one knew how weird but they knew october-december would be different than the last 8month stagnation)
the altcoin drama is just the distraction of social drama of craig trying to to fake being an influencer by saying he and ver are the cause.

iin short. if you knew a car crash was going to happen or a lottery win of a neighbour(positive or negative drama). in 3 months. you would spend 3 months planning a plan where you organise stuff so that when it happened everyone looked at you as the significant face of fame, and you would try to take some glory from it.

yep we seen it at things like 9-11. after it happened people ran TOWARD the twin towers to take selfies and proclaim they were involved(victims) hoping to get media to 'fame' them up as victims.

you see it all the time. "OMG i could have been hurt because i visited new york at some point."(facepalm) everyone wanted sympathy that it could have been them. everyone wanted some attention even when they were not involved.

imagine what people do for fame if they had pre knowledge of events thy had nothing to do with
14292  Bitcoin / Bitcoin Discussion / Re: conspiracy theory on: November 21, 2018, 01:24:08 AM
no conspiracy

the 2013 spike explained.
in 2013 ASICS were released. this made it more expensive to mine. as such some hobbiests stopped gpu mining and instead found it cheaper to just buy bitcoin instead of mine.
those with asics seen the price rise. and more hashpower went on the network, at the same time people noticed the price going up and seen that a up-cycle of the price/hashrate(which would increase the price further) so a FOMO event occured. this cause what should ave been a movement upto $250 turn into a $1200 speculation FOMO price rise.
then events like mtgox killed off the speculation and the correction down started brought prices down closer back to the cost of mining cycle

the 2017 spike explained.
in november 2017 VC's needed to buy BTC to pay out btc to certain private contracts. this should have only caused a temporary rise to about $10k to cover the contracts(which would have correcting down to a few thousand). but again FOMO speculation made it go to $20k. again unsustainable temporary and so it corrected down. this time the corrections was not sparked by an event, but purely because the $20k went too far up. that naturally it had to fall
asic miners added more asics during the 2017 period bringing the costs and mining cycle of value up to near the $6k area.. which is why the correction of $20k settled to the $5800 area and prices remained above the $5800 for the year (from november 2017-2018)

these VC contracts, some of which had a 12 month lock, thus ending november 2018 at which time the holders were able to spend finally.

the novmber 2018 price movement
as said partially due to VC contracts finally unlocked. but also last month. ASIC manufacturers started testing next gen asics. but this time they didnt want to push up the hashrate as they learned from shooting themselves in the foot in 2013 that a short term adrenalin profit rush ended with a 2 year limp(2014-2016 stagnant pricing). this time they are swapping 2-3 old asics for 1next gen asic. thus keeping the hashrate from rising, but still keeping the hashrate within range to continue making blocks on time.
using efficient miners they can lower hashrate and still make blocks. due to the way mining works and how they calculated stats to plan it out before hand.
EG not only is 1 next gen 2x more hashes(thus only needing 1 next gen per 2 old gen). but with boost they can perform hashes sooner. so able to do adjust hashrate further but still stay in the target zone of blocktime

so with less asics running means less cost = more profitable to mine below the $5800 value baseline

which along with the VC funds release was what caused dipping below the $5800 value line.
difficulty dropped meaning asier to mine= cheaper to mine. and again abl to profit at lower prices.

..
now all we have to do is wait for the plateau or hashpower to rise and the cost value cycle to change
14293  Bitcoin / Bitcoin Discussion / Re: Series and films in which Bitcoin appears (Collection Thread) on: November 20, 2018, 04:01:52 PM
season 3 of "startup" is released the whole triseries mentions crypto all the time

also
a a new TV series called FBI mentioned bitcoin season 1 episode 6

14294  Economy / Speculation / Re: Satoshi sold his BTC. on: November 20, 2018, 03:51:57 PM
Also there's no information where's satoshis wallet or any information about his/her wallet and his/her identity.
you dont need to know satoshis wallet. or his identity.. just look at the blockchain.
its where everyones coins are.

peoples wallets do not contain the coins hidden away. the only thing in a wallet is the private key
this is the failure of buzzwords because a "wallet" should actually be called a "keyring"

coins are clearly and transparently listed on the blockchain. everyone can see when coins move.
the coins linked in the OP is not coins from the imfamous 2009-2010 stash
14295  Economy / Reputation / Re: Legendary members "supports" fraudsters ? on: November 20, 2018, 03:40:13 PM
because your remotely working/communicating/trading funds.
using a payment system that does not require home postal information.

the first rule of bitcoin is self control and due diligence.

if you cannot grab someone or dont know about someone detailed enough to slap them with a wet fish(lawsuit).. dont trade/hand funds/work for/hand stuff to them. because if they wrong you, you cant slap them

it doesnt matter if newbie or legendary.
this is where scammers get to scam. because potential victims dont do due diligence.

i personally would never trade on this forums.. its too ripe of scammers. so i just dont bother in the first place.
14296  Bitcoin / Bitcoin Discussion / Re: Optimized Bitcoin HTLC BIP on: November 20, 2018, 03:08:27 PM
keeping the extra byte is something core devs love as they can use that byte to add more opcodes. and also do some inflight forks/upgrades without disturbing older nodes

EG ELI-15 (very dumbed down example for general readers, dont knick pick length of position of bytes.. its just for display)
the old opcode

imagine a tx xxxxxxxxxxx~xxxxxxxxxxxxxxxxxxx
imagine ~ was an opcode byte
they can at one point has just

(numbers in ascii upto 256)
~ is:
0=no action pass as acceptable without checking (anyone can spend)
1=do a
2=do b
.. and so on

they can the change it, so that if 0(ascii) selected that it now treats for new segwit nodes that 'do nothing'(anyonecanspend) is now 'follow segwit opcode list'
where segwit can then totally change what comes after ~
xxxxxxxxxxx~%xxxxxxxxxxxxxxxxxxx

so then they can have a sub-list of opcodes(%) and different things. without having to change the original ~
then have the % have another sub opcode list

thus expanding and adding new opcodes without forcing nodes that only understand the original ~ or % as a short list
EG
0(~)=segwit
     00(~%)=segwit do nothing
     01(~%)=segwit do z
     02(~%)=segwit do x
1(~)=do a
2(~)=do b
14297  Economy / Speculation / Re: Satoshi sold his BTC. on: November 20, 2018, 02:42:27 PM
Hello, Do you believe satoshi sold his BTC today so that is the reason why BTC price falls at the moment?

Or some big holder dumped his BTC.

https://www.blockchain.com/btc/tx/1ee11c8a24c9244f14c4d5a9c3670c13664f4ae8f7738c31b4f21221a5bdfbd1

Any opinions?

^ nope

the funds are actually an exchange. not a early adopter.

and its very easy to spot if satoshi is spending. because funds from 2009 would be moving.
they havnt moved. so satoshi is not spending
14298  Bitcoin / Bitcoin Discussion / Re: BTC is a victim on: November 20, 2018, 02:21:11 PM
to take control and to make more money!

this has been the only reason why bitcoin-cash forked last year. they fooled people by social media drama about scaling and core developers corruption while creating a centralized altcoin that could make them millions of dollars.

you do realise that cores side put the mandated august 1st date into the event calender.
theres even adam-back tweeting that luke JR and samson mow and others, praising them doing a great job

the blockstream crew were funded by DGC.co.. which are the guys that also paid BLOQ (jgarzic) for the segwit2x
and also DCG.co was the NYA to sway the merchants of the DCG portfolio,
the splits was instigated by these.

all if it was to push segwit in. and to ban nodes that would object to it.
its even wrote in the blockchains.. segwit came first due to segwit drama of accept segwit or "f**k off".. the forks came hours LATER. (check timestamps)
funny part is those on cores side were actually highlighting the forks didnt make a block until hours later.. revealing the forks didn cause it.. but wording it as if the forks didnt have power to make their own fork.. both of which shows the forks didnt cause the split. (the split happened and nodes were left hanging unable to participate.. thus segwit one by excluding part of the community.. only then did the ignored nodes start new blocks HOURS later)

but hey. seems you are now more interested in the reddit script propaganda, rather than real info found in the blockchain itself, the codebases of nodes and the investor information.

whenever i see someone just repeating the reddit scripts of propaganda, i just think, i bet they watch fox news too

as for
now there is internal fights between the creators since they want more money and more control while kicking the other party out. so they are splitting the forkcoin into two. and while they are fighting internally they try so hard to pull bitcoin down while they fall hand in hand.

thy are not creators. craig and ver are just social faces. their drama is of no significance, its just social stuff
they dont code
14299  Bitcoin / Bitcoin Discussion / Re: BTC is a victim on: November 20, 2018, 02:04:44 PM
It's probably whales and speculators trying to crash the market to make average joes panic and sell their coins, so these whales can buy back cheaper. This has happened many times - big crash, then rumors and FUD, and then Bitcoin suddenly jumps back when whales buy back.

from what i seen through different stuff when in communication with people within the community/ crypto industry
theres alot of VC funding that goes behind the scenes OTC
VC's pay money to miners and set a contract for the VC to receive a planned amount of bitcoin at set times and set amounts. where its all calculated.
(this is where miners mine coins or buy coins if cheaper to buy than mine to fulfill VC contract)

then theres the less structured miners who decide to buy when its cheap on the market or sell on the market depending on profit/cost of mining

then theres separate VC deals where they have to buy coin to pay developers, business investments (november 2017 spike hint hint(which then got over-bought by speculators FOMO'ing))..
and some of these VC had a 12 month HOLD before they can sell.. (november 2018 hint)

then ofcourse theres the movements that occur when new asics or new batch prices and also noticable hashrate changes that occur.

all of this stuff is happening. and its not whales wanting to cause panic. its just market reaction to sudden change.

shouting out $1500.. or craig is responsible. ... now thats the panic/fud at work as it costs nothing to do social drama finger pointing
14300  Bitcoin / Bitcoin Discussion / Re: BTC is a victim on: November 20, 2018, 09:59:03 AM
BCHSV and BCHABC are NOT THE CAUSE!!!

they knew as far back as the summer that new asics were coming which would make it cheaper for crtain farms to mine.
its the farms selling for profit while changing their asics.

the BCHSV and BCHABC drama is empty drama of no impact. they just timed it to be happening now to glory hound themselves to sound like they are the cause and to pretend they are influencers.

stop pretending they have power. their friggen altcoins. on a different network.
to even be able to tank the price they first need to convert their altcoin into btc to arbitrage the prices down.. and guess what. the market trading charts do not show this occuring
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