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21  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 22, 2017, 04:18:30 PM
Bitcoin is under a full scale attack.
22  Economy / Speculation / What's your predictions for the 30th of September on: September 22, 2017, 10:26:11 AM
BTCC will be no more on September 30th. How do you see this effecting the price?
23  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 18, 2017, 02:51:27 PM
Perma bears testing the market. Are we on our way to the next big dip?
24  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 18, 2017, 12:54:03 PM
The bears are in hibernation
25  Economy / Speculation / Re: Bulltrap? Or Bull run restored? on: September 16, 2017, 02:27:31 AM
If the Chinese decide to cash out we will see a new bottom imho
26  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2017, 01:35:51 PM
Yey, flash crash. Not like they used to be but still fun.
27  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2017, 02:22:24 PM
I thought crypto was decentralised?! Go figure!
28  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2017, 02:00:20 PM
Did China ban crypto again?

Haha, good one.

But srsly tho, I though I come check in here, to get a better idea, but it really seems like this a shocker to most of us Cheesy

It's whale season
29  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2017, 01:47:03 PM
Did China ban crypto again?
30  Local / Servisler / Re: Koinim.com on: August 17, 2017, 02:24:05 PM
Cevaplarınız için teşekkür ederim arkadaşlar
31  Local / Servisler / Re: Koinim.com on: August 17, 2017, 04:33:17 AM
Merhaba

Koinim den tl çekimi yapabilirmiyiz türk bankalarına? Deneyimi olan varmı? Masraflar nedir? Güvenilir mi?
32  Economy / Speculation / Re: Bitcoin Cash trading well. Bitcoin's future uncertain. on: July 26, 2017, 08:34:22 PM
This thread is an advertisement
33  Alternate cryptocurrencies / Mining (Altcoins) / Re: Sapphire Rx470 4gb on: July 08, 2017, 12:59:05 PM
What's your reasoning?

Thank you

Hey Dude,

take my advise - you are too late, to get into the game now.

 Wink
34  Alternate cryptocurrencies / Mining (Altcoins) / Re: Sapphire Rx470 4gb on: July 06, 2017, 01:53:06 PM
The speed will decrease on every new DAG, but by the you won't be able to mine with 4gig ETH will be POS already.

Hi thanks

What is POS?
35  Alternate cryptocurrencies / Mining (Altcoins) / Re: Sapphire Rx470 4gb on: July 06, 2017, 01:04:57 PM
Cheers mate. Good stuff.
What about the cards being 4 gig? Will that be a problem in the near future?


The consumption for this card is pretty good. I have tested both Rx 470 and Rx 480 and got 120W for 470 and 160W for 480 card. I have used 8GB cards both. The hashrate was good for both of them.
Power supply I would recommend Segotep gp1350g, you can use this for 6 cards without problems.

A good rig:
Motherboard: Asus Prime Z270-A
Ram: Ripjaws 8Gb 2133MHz
Processor: Intel Pentium G4400
SSD 120GB
Risers: Version 7 (6 pin to sata. Safer than the molex)
Gpu: MSI RX 580 Gaming X 8Gb
Power Supply: Segotep gp1350g
36  Alternate cryptocurrencies / Mining (Altcoins) / Sapphire Rx470 4gb on: July 06, 2017, 06:05:24 AM
Hey

I wanna start mining ethereum is Sapphire Rx470 4gb a good card? Will 4gb memory be enough in the future?

What's the best mobo for it and what kind of power supply etc will I need.

Thank you
37  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2017, 08:41:20 AM
Is there an arb opportunity between fine and stamp or is it me? What going on there, anyone know?
38  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2017, 08:31:20 AM
Up or down
39  Economy / Speculation / Re: What is the minimum profitable price? on: January 07, 2017, 04:08:11 PM
Also like you said, real estate, maintenance etc.. this would all add up. Even in China with cheap electric and labour.

My guess is that's why the price is staying around 888! Or maybe it's just because it's the Chinese lucky numbers Wink
40  Economy / Speculation / Re: What is the minimum profitable price? on: January 07, 2017, 07:13:43 AM
A bargain indeed.

Thank you for your calculations. Funny it's the Chinese lucky numbers 888 Wink



Where can I see what the minimum profitable price is for bitcoin miners.

I know it varies but a general ballpark. You'd have to calculate it but is there a site where it shows it?

http://bitcoincharts.com/  --> 2456335.762 Thash/s
and
https://www.hobbymining.com/bitmain-antminer-s9/ --> Very efficient at ~0.1 Joule per GH/s
and
https://en.wikipedia.org/wiki/Electricity_pricing --> a broad range of prices (so let's use $0.10 as an average)

2456335.762 THash/s is 2456335762 GHash/s
2456335762 X 0.1 J/GHash/s X 24hrs X $0.10 = $589520.58288 per day which produces 1800 BTC

dividing it out gives us $327.51 in electricity costs alone

now https://shop.bitmain.com/productDetail.htm?pid=0002016052907243375530DcJIoK0654 we can get some specs and pricing for miners.

Let's say an Antminer S9 is capable of 14 THash/s and assume the network is using only these highly efficient miners.  In this case, the network is comprised of 175452.55 S9s
each S9 retails for ~2100 USD and lets assume it will last for 1 year before becoming obsolete.  The network hardware costs for the year are 368450364.3 and per day would be 1009453.05 so per coin... $560.81 and lets add electricity to that = 888.32 per coin.

Wow.  $888.32 per coin!  I haven't included real estate, maintenance, cooling and internet connections/power supplies.  Obviously there would be some economies of scale for the manufacturer of the mining devices so they wouldn't be paying retail cost for the miners but that's a ballpark figure.

 $888.32

 It makes the current price of Bitcoin 836.12 seem like a bargain!


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