Woot! Rally!!!1!11

It's a pity you all panic sold and now have nothing left to attack the wall with, isn't it?

You're brother is Ken, right? You are the other side of the family business - Mining. You're upset about bitcoin devaluation, upset about your Mining operation making virtually nothing. You and others are upset about the rapid decline of interest in bitcoin, and I'd also be upset that cXc launched without as much as a "congratulations" in the forum.

Further, I think you're upset/angry at me specifically for standing up and answering to your friend Jay's slander and libel, and I think you feel utterly retarded for having become involved with (you recommended him to your brother to do business with, remember?) a pathological liar and sociopath.

I think I understand. I'm your nemesis now. It's obvious that you just want to disagree with me. You're overshooting in attacking me though; it's very clear that you are emotionally charged by virtue of these poorly thought out and researched passive aggressive questions. However, your numbers are wrong, and your assumptions are the product of desperation. You really want to believe your own horse shit.

That said, here's my reply.

1) Average cost in the US is $0.15, with most Urban areas having tiered rates much MUCH higher than that. Your reference of $0.10 average was from a mother goose article from 2008, the top result on google. By 2009, for example, average electric costs were already $0.12, and from 2009 onward the additional inflationary pressures on electric rates have been largely absorbed by heavy users. For a single GPU mining, the lower rate probably applies. For anyone running an actual rig or two, they can expect to double their electric bill by stepping up their usage tier.

2) True, and difficulty will drop. The price will drop even further when this happens. Race to the bottom.

3) Wouldn't that be a wash? This is fallacy. In real life though, most people don't keep their 4 rigs in the kitchen. Perhaps the most hardened miiners will strategically move rigs around their house to provide heat for their (very) annoyed families. Maybe.

-added-

4) MANY miners have sunk costs that are borrowed @ interest. Whether it be credit cards, personal loans or otherwise, quite a few fire sales fo inefficient rigs will need to be liquidated in a race to the bottom.

5) Most miners lie about their production vs. costs because none of you want to admit that you're in a geek cult.

6) 7200 coins / day will not get $2.25, but will get some average price lower than that. Expect the increasing pressure to liquidate toward the end of the month to cause the price to gradually decrease like chinese water torture on the charts.

I'm sorry that you're in a rough place, and that you have fallen down the rabbit hole, sir. I had mining rigs for 1 month and sold them at a minor loss, and it was the best decision I ever made. I understand where you're coming from, and I get that you want mining to be profitable again. I know you don't like the bears in this forum, but the reality is that the bears are the only logical people left. The rest of you are out of touch with the current reality.

Take care of yourself.

-Jonathan

I routinely write e-mails without any kind of fluff, generally it's:


I view myself as plenty professional.  I get straight to the point.  If my e-mail contains any decorative text, it's because I meant it.

Go Google for e-mails sent by Steve Jobs.  They're even briefer.

where does -100 go on the log chart

Someone who wants to cheat the IRS will instantly identify a personal meaning for "financial privacy" and "immune to seizure" however it is much better if the OP isn't the one advocating it (even indirectly).

So the answer to "why is politeness important?" is "because I want them to be polite when they talk to me". Thanks, now I get it.

In the future, this may be able to limit the government's control of the money supply.

FTFY.

Why is politeness so important to old people?

Told us what? That 0.3% of the coins available dropped the market another 10-20%? Jump for joy, the return to prosperity is here.

In the future one week, we will roll out an update that allows you to choose your favorite leverage level from 1:1, 2.5:1, 5:1 and 10:1 (subject to verification). Meanwhile, if you are not satisfied with this change, you can request an increase of leverage to 5:1 by sending an email to support@bitcoinica.com or submitting a support ticket. We will fulfill your request immediately as we see it.