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OP, why would i stop buying mining hardware MANG?
I mean yo, i paid for this super computer box and i can print money forever yo. That is the SHIT yo no wut am sayin?
Its like free money homie. PEACE OUT YO
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If people stop mining, bitcoin is dead.
stop buying mining hardware = every mining hardware will die.... Great logic, you must be genius  |
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blah blah i'm too stupid to understand cashflow so i keep arguing with my lower setup cost....blah blah blah
If I was wrong the slow growth would have never happened over the last 150 days
...
BTW just because my way is economically correct does not mean people will follow or believe it.
Great logic there dumbfck. You must be right.... and if you're not, that means big miners are just stupid.... wow.. What makes you think noone knows how to run business but you, the armchair CEO of Bullshit Inc? Ever heard of this saying: If i meet an asshole in the morning, hes an asshole. If i meet assholes all day, i'm an asshole ? You keep making predictions which was worse than flipping a coin, yet you claim thats because others dont know how to run their businesses.... LOL yup, everyone is a moron except you. |
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another " found out about bitcoin,...now i gotta mine some"
OP, asnwer yourself, if the cost of "mining" is as cheap as you thought, why would the price of btcs be at current level?
My advice, if you want btc, you either trade your service/goods for it or buy it.
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Obviously now it would not be but I wonder a few years ago was it ever feasible?
No Never Ever. Time to move long, nothing to see here |
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When the difficulty hits 50B at current tech & current avg watts, big players will start thinking about calling a world-wide truce. Hashrate will top out somewhere after 400PH and well before 700PH unless someone invents a quantum miner.....
Next gen ASIC is claimed to be 0.2w/GHs (SP). 700PH is entirely possible. To to mention i know some mega miners are expanding with 3 cents per KWh contract. They will keep expanding to get a bigger pie. Only idiots like OP keep using "bitcoin calculator" with wrong variable. yeah thats right and when btc drops to 200 usd they go fully red and belly up. I never said they won't expand I just say they will expand very slowly. The 10 % you see is the exception under 5 or 6 will be more common. Sadly i think home miners will hurt worse then most big mining operations. I have winter that will help. Decent priced electric, with quite a bit open to expand still. I agree it was unusual, but the previous 2 were very low. I think we will find a common ground between theGue 2's and 10's. What that is depends on how many operation go online. Guess we will find out in a week or so and have a good idea. When the price declines far enough, the big mining operations will be the first to slow down/stop their expansion. I would say that at-home miners likely have higher electric costs then the big mining farms, however they also are less aware of the breakeven price that bitcoin needs to trade at in order for it to be worth it for them to continue to mine. As a result, the corporate miners will likely start to take their miners offline (and attempt to liquidate) their miners as the price of bitcoin approaches their breakeven point Dumbest shit i've heard You talk like the difference in electrical rate is marginal. Home miners pay avg at $.10/KWh Mega farms pay avg at $.5/kKWh. Good luck with your wishing noob yes but they pay to set the gear up wire the place cool the place. coins dropped from 1150 to 310 even lower 289 a few weeks ago. we all know they (data centers) have a big edge. but 300-330 usd a coin is close to an edge/cliff for them that I don't face if I double my capacity. If I go from 6 to 12 s-3's my cost for setup is $0 above my price for the s-3's if a big farm goes from 1 to 2 ph yeah they get a good price on the s-3 better then me but they have to do setup and 1ph in s-3's = 2000 s-3's or 700 asic miner long tubes . I have psu's paid for on hand they don't. All easy for them to do these outlays when coins are 500 usd at 320 usd not easy. the coins drop to 200 from 320 and they die. me I am out 6 x 200 = 1200 bucks. oh big farms don't pay .5 a kwatt they pay .04-.06 a kwatt. but that is just the power not the wires the psu's the rent the cooling the salaries. So I know where you are coining from. it is hard for the little guy to compete. BTW you are amazing when it comes to the insults and rudeness you display from thread to thread. Have to hand it to you. I'm in same boat as you. I can expand with current electrical. Even have a building or two left.... I finnaly ran out of my stash of PSU's so I would have to buy those. And it' winter so I can use air outside for free / super cheap cooling. And cameras and security is already set up. Miner cost for them is at a discount (most companies at least). They save on shipping as they go by pallet. Some even can drive truck loads from manufacture to data center (look at china). Each has it's pros and cons. I think the big data center has biggest advantage (and they have huge capital in most cases). I do not think home mining is dead though. For the lucky its alive. Now those who pay vat and huge electricity I would agree they are dead, unless hosting somewhere. You also forgot one thing. Not all home miners register their mining business. I would argue most of them are still considering mining "hobby". Thus they're not able to claim any loss. Guess who would be able to stand the storm? Fact: home miner will drop out due to MUCH higher electrical rate and sustainability of negative cash flow. Big miners can sustain the negative cash flow and claim loss to their fical yr taxation. |
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Businesses care about cashflow, only that.
As long as their cash flow is positive, it doesnt matter if your setup cost is lower (which you dont even know for sure).
Answer yourself this: would you mine at lost (negative cashflow) even if you get the miner at $0 ?
Now regarding about " wiring cost/setup cost" Work it out to $/GHs in addition of having miner at cost not retail like you did, you will see how dumb your argument is.
This is why i called this forum is full of idiots. Go ahead with your "guesses", business is like a gamble to you.
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When the difficulty hits 50B at current tech & current avg watts, big players will start thinking about calling a world-wide truce. Hashrate will top out somewhere after 400PH and well before 700PH unless someone invents a quantum miner.....
Next gen ASIC is claimed to be 0.2w/GHs (SP). 700PH is entirely possible. To to mention i know some mega miners are expanding with 3 cents per KWh contract. They will keep expanding to get a bigger pie. Only idiots like OP keep using "bitcoin calculator" with wrong variable. yeah thats right and when btc drops to 200 usd they go fully red and belly up. I never said they won't expand I just say they will expand very slowly. The 10 % you see is the exception under 5 or 6 will be more common. Sadly i think home miners will hurt worse then most big mining operations. I have winter that will help. Decent priced electric, with quite a bit open to expand still. I agree it was unusual, but the previous 2 were very low. I think we will find a common ground between theGue 2's and 10's. What that is depends on how many operation go online. Guess we will find out in a week or so and have a good idea. When the price declines far enough, the big mining operations will be the first to slow down/stop their expansion. I would say that at-home miners likely have higher electric costs then the big mining farms, however they also are less aware of the breakeven price that bitcoin needs to trade at in order for it to be worth it for them to continue to mine. As a result, the corporate miners will likely start to take their miners offline (and attempt to liquidate) their miners as the price of bitcoin approaches their breakeven point Dumbest shit i've heard You talk like the difference in electrical rate is marginal. Home miners pay avg at $.10/KWh Mega farms pay avg at $.5/kKWh. Good luck with your wishing noob |
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When the difficulty hits 50B at current tech & current avg watts, big players will start thinking about calling a world-wide truce. Hashrate will top out somewhere after 400PH and well before 700PH unless someone invents a quantum miner.....
Next gen ASIC is claimed to be 0.2w/GHs (SP). 700PH is entirely possible. To to mention i know some mega miners are expanding with 3 cents per KWh contract. They will keep expanding to get a bigger pie. Only idiots like OP keep using "bitcoin calculator" with wrong variable. |
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Geee.... my C1s left the factory on October 27, came to Switzerland, back to China, now back in Germany - hopefully, I'll get them in three days...
With difficulty jumps 10%. ..... How do you feel flushing down your money? |
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Another useless thread of " i think big players have no reason to expand ...."
OP, arent you tired of playing the same drum? Its like watching a monkey playing guitar hero.
Here is the fact: guessing network difficulty is pointless. Only need to look at the avg operating cost
I can bang my drum as loud and often as you do my lovely friend. I don't guess I use simple principles of cost accounting as do the 5 top asic builders. It is really simple they will not build out like mad they do the math I do. At 300-350 the risk to build is far too high. They will continue slow growth thats my drum and I am banging it my friend. Do you know what the definition of insanity? Repeating the samething and expect different results. You keep using current BTC price and saying " risk is far too high" LOL yet you dont even know their reward. Stupid fck. Sounds like you just pull shit out of your ass.... but then call it "math". So pleasant today. Good morning to you. Well coins dropped to 320 usd today. I did two things this morning; I purchased an antminer s-3 for 222.22 usd pre discount after discount 201 usd . I also purchased 0.5 btc at 323 usd a btc And what did the big guys do overnight . I don't know do you? A small drop in diff overnight 7.5 to 6.5 % How was your investing did you do any serious moves with coins? Hint my agenda is very simple. I just point out that the sky is not falling. What is your agenda my friend? BTC is dead? Mining is dead? please tell us. BTW I will be starting a new diff thread on NOV 5 -7 when the next jumps happens. I dont have an agenda. Do you? Because you keep making stupid guesses. Look at all the shit the manufacturer has been selling recently, all sold out. Meanwhile, you dumbshit are still claiming...."no more incentive for big players to produce more miners" That is correct they have no incentive to raise growth to 10%.(with current btc price). As it Hurts their bottom line if they want to continue to stay in the game. Another shit pulled from your ass? Dumbshit, do you ever think having the best electrical rate means all these new miners will be out of commissions very soon? Here is the scheme: sell as much miners NOW as they can (even if its just breakeven or low margin, let the idiots think they might have a chance of ROI), use sales revenue to ramp up farms capacities which pay 2-4cent/KWh, while the avg mining cost is still 8cent/KWh. Yeah looks like their bottom line is even sweeter.... |
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Another useless thread of " i think big players have no reason to expand ...."
OP, arent you tired of playing the same drum? Its like watching a monkey playing guitar hero.
Here is the fact: guessing network difficulty is pointless. Only need to look at the avg operating cost
I can bang my drum as loud and often as you do my lovely friend. I don't guess I use simple principles of cost accounting as do the 5 top asic builders. It is really simple they will not build out like mad they do the math I do. At 300-350 the risk to build is far too high. They will continue slow growth thats my drum and I am banging it my friend. Do you know what the definition of insanity? Repeating the samething and expect different results. You keep using current BTC price and saying " risk is far too high" LOL yet you dont even know their reward. Stupid fck. Sounds like you just pull shit out of your ass.... but then call it "math". So pleasant today. Good morning to you. Well coins dropped to 320 usd today. I did two things this morning; I purchased an antminer s-3 for 222.22 usd pre discount after discount 201 usd . I also purchased 0.5 btc at 323 usd a btc And what did the big guys do overnight . I don't know do you? A small drop in diff overnight 7.5 to 6.5 % How was your investing did you do any serious moves with coins? Hint my agenda is very simple. I just point out that the sky is not falling. What is your agenda my friend? BTC is dead? Mining is dead? please tell us. BTW I will be starting a new diff thread on NOV 5 -7 when the next jumps happens. I dont have an agenda. Do you? Because you keep making stupid guesses. Look at all the shit the manufacturer has been selling recently, all sold out. Meanwhile, you dumbshit are still claiming...."no more incentive for big players to produce more miners" |
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I keep seeing people state that heating with miners is bad for your health, but with no proof presented. Proof or BS.
Its BS, the chemical that these idiots were talking about is the fire retardant coating. It is toxic IF the board is on fire, within 10 seconds the fire should be self-extinguished. The smoke is toxic gas. Some dumb ass confused this with the "smell" by from the warm exhaust fan. The smell is most likely from cooling oil residue from manufactured metal parts in the miner. Their argument about high temp is laughable. They said its safe from normal computer because its not as hot as bitcoin miners. Dumbest shit i've heard. Pick an IR camera and look into your computer retards. My source: Work in datacentre industry, EE degree. |
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US regulators have previously said that anyone engaging in the practice of mining is not considered to be a money transmitter. I have no idea why the attorney in the article would say otherwise (probably to get a little bit of free press while having no idea as to what he is talking about)
Maybe there's a difference about being a pool operator, and running a mining machine in your basement in this regard? Anyway - it feels kind of wasted to concern ourselves with all these legal matters. Life's so friggin' short. I never saw a bird or a fish engage in legal matters, why should humans engage in these matters, who benefits from it, apart from the lawyer companies? Because Human is predator. It wants to control others. |
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These ppl think they can just copy the source code and boom.... there go their "blockchain" technology.
Bitcoin is what it is today because of its network. Without it, its not useful or secure. Also in reverse, the incentive ecosystem makes todays price.
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Another useless thread of " i think big players have no reason to expand ...."
OP, arent you tired of playing the same drum? Its like watching a monkey playing guitar hero.
Here is the fact: guessing network difficulty is pointless. Only need to look at the avg operating cost
I can bang my drum as loud and often as you do my lovely friend. I don't guess I use simple principles of cost accounting as do the 5 top asic builders. It is really simple they will not build out like mad they do the math I do. At 300-350 the risk to build is far too high. They will continue slow growth thats my drum and I am banging it my friend. Do you know what the definition of insanity? Repeating the samething and expect different results. You keep using current BTC price and saying " risk is far too high" LOL yet you dont even know their reward. Stupid fck. Sounds like you just pull shit out of your ass.... but then call it "math". |
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Another useless thread of " i think big players have no reason to expand ...."
OP, arent you tired of playing the same drum? Its like watching a monkey playing guitar hero.
Here is the fact: guessing network difficulty is pointless. Only need to look at the avg operating cost
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Does Armory have a privacy feature when the client is launched, it ask for password b4 it sync any wallet?
I really want this on my watch-only client. But i wish to have privacy incase someone steal my computer they wont know if i have any bitcoin wallet/balance.
Currently no. But really, you have no password on your boot (BIOS), no password on your drive encryption and no password on your login (OS)? If somebody steals your computer now and your drive is not encrypted with a password/passphrase, all they need to do is pull out the HDD and connect it to another PC and find the appropriate file (as far as watch-only is concerned). what would that file be? and how would they open it? I thought the watch-only import file is self destroyed after i import it. |
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Does Armory have a privacy feature when the client is launched, it ask for password b4 it sync any wallet?
I really want this on my watch-only client. But i wish to have privacy incase someone steal my computer they wont know if i have any bitcoin wallet/balance.
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syscooling, can you offer regular air mail shipping option?
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