Looks to me that all those artificial gains from 2016/2017 will be erased
we're going back to 500-600 $
Fair enough. Oh yeah, we're all melting, this is doomed, everything is going to piff..... |
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overbuild them. like 100% overbuilt. i like huge safety margins.
and have a licensed electrician do the power delivery lines.
Agreed on the electrician. I like testing miners on a fire resistant surface myself  |
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You haven't almost set your house on fire from a miner blowing flames out the grate, have you? Mining is fun, just be aware of the fire risk. And it generates heat for your home, great on those cold nights. |
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fix some holes in some teeth, make your broken miner, earn and buy some BTC , BTFD
do all this while your turkey is coocking then just eat have fun with your FAM,FRIENDS and just know the BTC's you hodl are brewing to join the BULLrun for when it starts...........
in belgium no thanksgiving day, so its just go for sports, get home eat some late evening things and just watch some TV/BTC-shit.....
Interesting. Maybe next year I can cook a turkey with the heat from bitcoin miners. Hm..... Not much of a business in fixing miners right now other than Titans (damn things will last forever); Antminers are not worth it although the next S15 will probably be the same design as the S9/7/whatever they seem to churn out. |
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What's with this unusual influx of new users?
Maybe in the US it's called Thanksgiving, but everywhere else it's "Sock puppet day"? |
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Well I have the turkey in the oven and am making a metric fuckton of food. Oddly enough I'm pretty thankful for this forum: The people are weird, but overall good.
Enjoy the day everyone!
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Mcafee is a drug addicted scumbag. He was taking bribes to promote shitcoins.
this guy is a money loving attention whore.
For sure, I wouldn't entrust a single dollar to that guy. I knew John a long time ago, and ran into him at BSides a couple of years back. He is not... well. |
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Wonder how much they had to pay to make a chart like that.
My opponent lives in a gingerbread house.....
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There is no doubt that Bitcoin mines are struggling and shutting down, possibly even going bankrupt. However, this idea that they’re throwing away machines in this fashion that are still selling for hundreds of dollars each is nothing more than a fantasy.
Also, Bitmain is not going belly up. They’re about to list a multi-billion dollar IPO. Let’s keep a little bit of sanity.
That's going to be the biggest joke IPO in history. And yeah, I doubt they are chucking gear like that. |
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the red numbers at current diff are
12 cent power and 7697 price mines at a loss
11 cent power and 7055 price mines at a loss
10 cent power and 6414 price mines at a loss I suspect these miners have shut down a lot of thier gear
9 cent power and 5772.10 price mines at a loss
8 cent power and 5131.10 price mines at a loss
7 cent power and 4489.10 price mines at a loss this is the group that will be shutting down if this lingers at these prices
6 cent power and 3848.10 price mines at a loss
5 cent power and 3207.10 price mines at a loss = these miners may do okay since diff will drop a bit.
4 cent power and 2565.10 price mines at a loss
3 cent power and 1923.10 price mines at a loss = these are doing just fine for today and I am think they don't feel pain unless we drop to 1750
This of course assumes your floor rental cost is zero, payments on the equipment are zero, maintenance is zero, and of course the one slave who runs the mine is paid 0. At this point I think these dingbats are mining at a loss. Otherwise they would have crashed the market earlier just to wipe out other miners and lower the difficulty. That's why (IMO) it was rolling around 6500 or so. Eh, we'll see what happens with this dick-fest. |
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Is this where the fucking $3,300 wall number is coming from? I was wondering who was pulling that number and from where.
I think their number is a bit low. They estimate 5c/kw for an S9 while the Chinese average for electricity is around 8c, and the US is around 10-12c. I think right now they're mining at a loss, and dumping coins to try and support this stupid hash war. Guess it will be worth it, but it's not sustainable in the long run. |
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It's more than 3300. With S9's I would guess it's around 6k a coin at current difficulty. Granted you could ratchet the diff down slowly, but I think they're mining at a loss now to wave dicks. Eventually they will have to pay investors/electric bills/bribes.
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Eh, geometric failure at that age, things really fall apart quickly. Kind of like Bitcoin this week.
Haven't seen any suicide spacemen, so we're not at the bottom yet.
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Crazy week, no doubt. Definitely picked the wrong week to stop sniffing glue.
then get back on it for a few weeks-months Eh, this is just a really screwed up month. Going to be hell for bitcoin ATM operators, the things will be stuffed so full of worthless fiat as people buy the fucking dip.... But a good chance to pick up some coins and replenish the supply. Hm..... |
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Crazy week, no doubt. Definitely picked the wrong week to stop sniffing glue.
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Yeah, back to 6500 is my guess.
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Well, there's a lot going on with the chain: Blockchain.info is reporting 3,000 tps. Summary Status:Connected Total Fees 270.12662831 BTC Total Size 1646533.03 (KB) Transactions Per Second 3000.71 https://www.blockchain.com/btc/unconfirmed-transactionsEven if their math is crocked, this is way higher than the normal 3-15 tps. Is that spam or something stirring? From a sabotage point of view, spam looks mostly useless at the moment (it would have made sense a week or so ago). But what do I know? Come on, WO pundits, offer your take on this! Well, it does spike around, but it is odd.... |
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To be fair I understand everything from a pure investor and investment point of view. Just Bitcoin would be missing out on potential profits.
You spelled "losses" wrong there. |
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