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1761  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 13, 2014, 02:19:35 PM


drugs?

1762  Bitcoin / Hardware / Re: [DIY] - Reward $100 | Antminer S1/S3 Blade on Raspberry Pi on: September 12, 2014, 03:07:43 PM
Where do you get the UART to USB Converters from? Never mind, I forgot the Google is my friend sometimes.   Roll Eyes  Great work J4bberwock!!!!!

What is the male to male jumper called between the cable coming from the USB and into the Ant's cable? Sorry UberN00b here.


you can get the converter and cable for 5 $ - >

http://www.dx.com/p/usb-to-uart-5-pin-cp2102-module-serial-converter-81872
1763  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 11, 2014, 07:51:32 PM
Work with me, Dump3er!   We'll try to get there together...

You mean I should help you to establish your ShroomsKit scheme and see normal market behaviours as fanciful conspiracies of whale bear manipulators?




Goat was an annoying troll before establishing himself as a whale.

bitcointalk works like that.
1764  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 11, 2014, 05:56:14 PM
bulls, keep your ammo for 3xx.

1765  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 11, 2014, 02:10:06 PM
I make that decision monthly when I get my power bill. I have a watt-hr meter tracking energy used by miners. When I get the bill, I calculate the BTC mined over the same period covered by the bill. I calculate the incoming revenue from amount of BTC mined based on it's current value. From that I subtract the electricity cost to determine the profit or loss (old miners are all paid off and have ROI'd). As long as there is a profit I will continue mining. Current cost to mine for me is about $275/BTC. I will shut down if ratio becomes unprofitable due to low BTC value or too high/BTC energy cost.

I suppose that, even if the equipment is not yet paid off, it is worth mining as long as the mined coins are worth more than the electricity bill (and other running costs, like cooling and salaries for large mines).  Even if there is no prospect of recovering the investment, mining will reduce the final loss.  Is this correct?




yes
1766  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 11, 2014, 01:28:23 PM
...
I'm one of many miners not selling at a loss but did have to reduce hash rate to stay profitable...

When you say "profitable," do you mean to say it costs you less in electricity to mine a coin than you could get for it at the current exchange rate?  If so, what do you mean by "not selling at a loss"?



yes, he is saying that it is still cheaper to mine.

not for too long, because he is undervolting/underclocking his gear and squeezing it. but only because he is paying electricity 0.13 $/kWh.

there are a lot of places on earth with cheap 0.06 $/kWh.
1767  Bitcoin / Hardware / Re: ANTMINER S3 Discussion and Support Thread. on: September 11, 2014, 01:23:06 PM
did anyone receive tracking number for upgrade kits?
1768  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 11, 2014, 11:01:44 AM
in terms of hash rate we're probably seeing the change over from equipment that can no longer run efficiently, but doesn't mean a new wave of new tech doesn't come on line to replace in soon enough...interesting idea to imagine a new mining company selling at loss to hurt other miners pretty risky lol ... seems like another point where speculation over getting into mining is pretty obvious.


I am still running my bitfury gear, 1 year old, and I am still earning, thanks to cheap electricity.

But I think asic bubble is nearing its end, and I think there will be no more crazy difficulty jumps. miners are much more aware of potential risks these days.


asic bubble deflating = price crashing
1769  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs on: September 10, 2014, 01:03:16 PM
it's quite simple.

if bitcoin goes to 600 $ only then I will consider SP20.

sub 500 $ coins - > S3 all the way.
1770  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 10, 2014, 07:41:57 AM
I am going to short it around $480.

Very strong resistance level and many huge ask walls were filled.

yes!

with all this overconfidence 480 sounds right.
1771  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 09, 2014, 11:39:57 AM
someone would expect the price to go up after the Paypal news, or was it priced in already ?


I think paypal is already priced in, but not the way people would expect: smart money already shorted in anticipation of this news.

1772  Economy / Marketplace / Re: BitFragrance - Buy Perfumes/Fragrances with Bitcoins! FREE SHIPPING on: September 09, 2014, 11:17:45 AM
yes, I am interested too, but you are a newbie, so please consider some escrow.
1773  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 09, 2014, 12:40:52 AM


1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat

So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)

Hmmm I'm sorry but how does this not entail spending 2x the amount of money, fiat or BTC.




Depends upon definition... Of course, you have spent twice;however, one of those spending is a form of internal transfer from yourself and to yourself.  The other is a transfer from yourself to another entity... Accordingly, there is only 1x spending from yourself to another entity.


but you have to pay the fee even if you are "spending from yourself to yourself".
1774  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 07:48:19 PM
But anyway, since Braintree claims they'll add Coinbase to their system in coming months, there's surely time left to go more down


yes, more than enough time for another round of redistribution!
1775  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 12:07:39 PM
ok, this starts to look like some insider dumping going on.

etf not approved? btc to 100?

asks on stamp looking scary.

Apple will announce a mobile payments solution tomorrow.


and apple coin > bitcoin?

dont think so.

 That's not the real competition;


exactly.

this has nothing to do with apple payments. as far as I am concerned some investors are cashing out.
1776  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 11:56:22 AM
ok, this starts to look like some insider dumping going on.

etf not approved? btc to 100?

asks on stamp looking scary.

Apple will announce a mobile payments solution tomorrow.


and apple coin > bitcoin?

dont think so.
1777  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 11:34:33 AM
ok, this starts to look like some insider dumping going on.

etf not approved? btc to 100?

asks on stamp looking scary.
1778  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 07, 2014, 01:18:55 PM
Personally i hope BTC stays where it is for another 2 months, then goes bananas


PS. When will @theymos fix the image truncation bug? 



I think that truncation bug requires another round of donations.
1779  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 06, 2014, 09:58:58 PM
yes, somebody is patiently dumping his coins above 480 on stamp.

bid side is looking very thin btw. bulls must be exhausted.

once they are out of ammo - > capitulation.
1780  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 05, 2014, 02:43:25 PM

Very creative, Notlambchop, but some of us do NOT give a flying fuck whether he is a professor or NOT.... I mean, unless he is putting it to good use and even really attempting to help with various bitcoin problems.   Otherwise, why the fuck does he need to hang out here, and supposedly save us from ourselves and to save us from the various flaws of bitcoin (his latest hang-up seems to be coins getting stolen), but I am sure even if various resolutions are developing in the bitcoin space, some other major bitcoin issue will keep him focused in his attempts to "help" us out.



well, at least he showed you his real identity and his credentials.

other trolls are hiding behind their pseudonymity and their secret agendas and goals.
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