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! it's not make any sense this math is off currently one antminer s9 is generating $281.3 per month at 1000khw, this mena that each month it consume only $36 while generating $281 now do $281-$36($245) and scale it to 1000 of them and you can see the whole picture, they have a net of $245 at current price each month so if bitcoin was going down from now by $200 they would still profit, the minimum therefore is around $600, and because of this i can easily assume that the market will nto fall under $700 Well I suggest you open your mind and look at it again. With a 14 THash S9 it would presently take 90.24 days to make one bitcoin. At 0.1 watts per GHash/s and 10 cents per kWh it will cost $3.36 per day to run the S9. After 90.24 days you have paid 303.21 in electricity costs alone! In my original calculation I used the entire network hashing rate - yet I see little difference in the per-coin electricity costs. Please point out where you get 36 dollars for a month of power to run the Antminer S9. I'm curious. i confused the math there it's actually even lower than what i said first of all the electricity in china is 5 cent if not lower, and with this a single s9 would consume only $36 per month so in theory they can already mine until one s9 can only produce $36 per month, which is ridiculous low with this in mind and the fact that a s9 can do 0.3 btc a month, you can keep mining until those 0.3 btc are worth $36, which is equal to btc worth $120 p.s. you are wrong about the consumption, the new s9 batch only consume 1000w not 1400, so even at 10 cent it's only $72 per months and anyway even in your case scenario one btc need to be at $300 to not be profitable, because this equal the consumption, surely not at $800+ like you said... edit again...new batch consume 1078w for 1100GH, so you were right, but still it won't change the point that you don't need btc at $800 |
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bitcoin stabilize a bit after the pump--->dump rotation, you see now it's corecting toward $900 like many were advocating
it was $1160 peak $800 bottom, $900 stable, all this from a $700 pump, my gues is that we are increase on average by $200 per pump, so next one will be $1100 stable
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The price of bitcoins reached $1000. THEY ARE THE FUTURE. The ease of transactions, the security and the entire concept make bitcoins stand out. Some may argue, but they are definitely the future of currency. More heads are turning towards this concept.
for now if they don't come in agreement to the scaling solution bitcoin can't simply be the future of money with fee that will be bigger and bigger, and transactions that are stuck all over the place imagine bitcoin reaching 1T and having still 1MB limit, millions of transaction would be stuck forever, and would only lead bitcoin to be unsed and eventually forgotten at some point |
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i don't convert from fiat to bitcoin, i acquire bitcoin directly, via mining and other way, via minin gyou have basically the fee of the pool which is 1% all the time plus some pool have the fee applyed on the withdrawal
then you have th fee on bittrex/poloniex/etc... to convert your coin to bitcoin, but they are ll very small, if you need then to exchange to fiat i have only 0.9% fee with kraken
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Bitcoin isn't really anonymous though, it is pseudonymous. It only works as tax haven if the holder is super-discreet and doesn't trip various wires, like selling a lot in one go.
Pseudo anonymous can be converted to fully anonymous with the right tools, VPN+TOR, Tails+Electrum, Converting bitcoin to Monero being the best options to remain discreet. Bitcoin is really a new store of value. The Swiss account holders can buy the most fancy hardware wallet for such purpose. not if you then use your coin to purchase something on which you have your shipping address, and if bitcoin will be used on today like a currency(i hope so) then its anonymous will be destroyed completely |
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the majority of merchants will remain with one chain, don't expect to sell both of them on the market, unless you do it privately for the "small" chain
from my understanding one of the chain will be an altcoin, this is always the case
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The difficulty for ZEC seems the same as before even with the faster 1070/1080 miners.
Proof that the Nvidia 1070/1080 probably account for 5% or less of the entire network GPU hashrates.
I think most GPUs mining right now are the 7970/280x/290/390/470/480 those probably account for 95% of the network hashrates.
miners are accustomed to amd more, and they can't do math right probably, also it must be said that the optimization come always faster on amd and this is not a thing to ignore at the launch it when you need the best miner already optimized not when the coin is dumped |
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first of all this is not about the probability of a collision, we all know about that
let's assume that one happened already, there is a way to know if this is true? how can someone be sure that one address was not replicated already aside from the improbability?
If the address wasnt used but someone else also has the private key, you cant know. i guess if there was a way, there was also a way for a quantum computer in the future to get the private from the unrevealed public key, so it make sense but it also true that if someone would see his coin vanished for no reason, suddenly, he can see the address at which they are sent and maybe thinking about a collision... |
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ask for escow here, but for long term escrow i'm not so sure it will work, you can try with sebastian forst
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if you generate a duplicate address (which is not going to happen) all the wallets whether Full wallet or SPV will show you the transactions that said address had before, and you can see that even if there is no UTXO left in it!
and this is apart from the extremely small chance of that happening. i am sure someone is going to come along and break down the math here soon.
if it is a new brand address it has no transaction |
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It is dropping as i post this, i wil catch it around 550--600 range. Buying now is not safe.
no i firmly convinced that it can drop under $700, there are two reason for this under $600 miner will not make profit, and if china is controlling this the answer is clear second reason is, the pump started at $700, so below that is safe |
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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! it's not make any sense this math is off currently one antminer s9 is generating $281.3 per month at 1000khw, this mena that each month it consume only $36 while generating $281 now do $281-$36($245) and scale it to 1000 of them and you can see the whole picture, they have a net of $245 at current price each month so if bitcoin was going down from now by $200 they would still profit, the minimum therefore is around $600, and because of this i can easily assume that the market will nto fall under $700 |
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When I was desperate for money. I would take a loan to bank/
and it was better for me.
bank have high interest on load, personal experience, my father took one for 5k euro and since he can't return it anymore, he is now paying 100+ euro a month for the next 5 years so 20%-30% interest or more, also bank will not offer you a loan if you are unemployed |
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first of all this is not about the probability of a collision, we all know about that
let's assume that one happened already, there is a way to know if this is true? how can someone be sure that one address was not replicated already aside from the improbability?
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Bitcoin transactions are pretty fast to my guess .not so much like card transactions .hope when its popilarity increase more then it transactions will faster than it is now.
only if you pay the correct fee, and while the average is only 22k satoshi, still relatively low, the average transactions size seems to eb increase to me so you are actually paying much more i remember in the back in the days i was paying always 10k satoshi |
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Question: If it's China that's doing the selling and driving the price down, who are they selling to? And would that not lead to a redistribution of bitcoin? Also, is there any proof of China as a whole being responsible for the drop? I'll admit I read absolutely zero crypto news.
they can sell on those that were believing bitcoin to $2k, or any other country that is buying en mass like india, but i'm more inclined to think that this is a panic selling and a bear trap it simple increased too fast to be sustainable, also chinese miners if are intelligent enough should hold strong now, because they need bitcoin at that value, and chinese miner are also traders |
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Speaking about crypto predictions, looks like lbc has finally found floor and has actually started normal procedures...
a very small little pump, i would take it in consideration when it return to 2k+ and heading to 10k in theory it should be pumped at least another time |
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Suprnova not registered all h/s with ewbf 0.1.0 , Im now send 2000 h/s but on dashboard read only 1800 h/s max , monitoring this up 3 hours , anyone with this issue ? .
that's normal, pool only display an estimate, see the earning instead |
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