Thanks for answering. You're not really expecting it to have a massive effect then? I would think if the price stabilized below $200 it would force small time miners to switch off. Large farms might have an incentive to keep mining and hold the coin for a better payoff in the future. I would think small miners would be forced to shut down. They're less likely to afford being able to mine at a loss for three months.
Isn't it the other way around? Hobbyists can afford to prop it up. Some can squeeze out extra revenue through rentals, P2P, altcoins etc. A farm facing a $100k power bill might not be able to gamble on hodling. Rich hobbyists maybe. Multimillion dollar farms probably have the reserve capital to ride out a short downswing. I would think that would kill the little guy. Aren't most of the huge farms in places with really cheap electricity? Ok, let's define a "hobbyist". Is Philip here a hobbyist with his ~10 TH/s ? I'm sure he can afford to run these through the winter even if BTC is $85  I don't think farms have reserve capital, it's always been a race to upgrade... and even if they do, why would they burn it instead of shutting off the miners, at least temporarily? Anyway, I'm not rich at all but I've ROIed on my S3s so I can dump them at any price... and keep running those S5s and SP20s as long as they make at least a penny. I'm certainly expecting some big farms stop mining before I do. I might be paying more for power but I have very little overhead and I have prepaid most of my costs... we'll see who bails first  Or maybe no one switches off and everyone runs in the red. The hash rate and difficult never drop. Then there's a greater loss to everyone and they effectively extended the time to profit out to 180 days even if the price increases in 90 days. |
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Thanks for answering. You're not really expecting it to have a massive effect then? I would think if the price stabilized below $200 it would force small time miners to switch off. Large farms might have an incentive to keep mining and hold the coin for a better payoff in the future. I would think small miners would be forced to shut down. They're less likely to afford being able to mine at a loss for three months.
Isn't it the other way around? Hobbyists can afford to prop it up. Some can squeeze out extra revenue through rentals, P2P, altcoins etc. A farm facing a $100k power bill might not be able to gamble on hodling. Rich hobbyists maybe. Multimillion dollar farms probably have the reserve capital to ride out a short downswing. I would think that would kill the little guy. Aren't most of the huge farms in places with really cheap electricity? |
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SA Goons really come out of the woodwork during a price drop, don't they?
It's gotten to the point where I would be concerned if they didn't! Yeah, I guess that's the real indicator. You know you're screwed when they leave you alone.  |
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If the price were to stabilize between $180-$210 for 90 days how much drop off in hash rate would you all expect? How much, how fast and what impact to the difficulty?
really hard to answer your question. The 180 - 210 number puts a lot of pressure on diff. but will some go out and buy sp20's and s-5's to be able to earn over the price of power. Also is or does a .2-.3 watt miner exist at a cheap price? Assuming sp20's and s-5's stay as the best gear around. how low do they sell at? I am 8 sp20's and 1 s-5. In terms of power available I am just about all in. maybe 1 more s-5 and I am maxed. What about the guy with 200 s-3's he can't get much for them on ebay craig's list etc. but at 180 his s-3's are in the red. How about a big farm 2000 s-3's and the farmer did not sell his s-3's to buy s-5's or sp20's lets give him 4 cent power in the state of washington and 2 cents for other costs and he is 6 cent power. his 1ph clears 30000 usd a month. now if he setup with s-3's in nov 2014 he spent 500000 to build the farm. say he made 100,000 in nov dec and jan. he is 400,000 in the hole but his cheaper power cost farm is paying above costs. he is standing pat. and hoping to skip the s-5's and the sp20's . he may have enough back on his investment of 500k in the late spring just in time for new gear. Thanks for answering. You're not really expecting it to have a massive effect then? I would think if the price stabilized below $200 it would force small time miners to switch off. Large farms might have an incentive to keep mining and hold the coin for a better payoff in the future. I would think small miners would be forced to shut down. They're less likely to afford being able to mine at a loss for three months. |
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SA Goons really come out of the woodwork during a price drop, don't they? Someone should do a study of the amount of crap posts from new accounts relative to price swings.
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If the price were to stabilize between $180-$210 for 90 days how much drop off in hash rate would you all expect? How much, how fast and what impact to the difficulty?
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My dick just crawled inside my body. You should start a new thread called crack whores. |
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Satoshi is a homosexual and was worried about Gawker releasing an article labeling Bitcoin as Faggotcoin. Gavin and Satoshi talked over the benefits and drawbacks of being open with the world's intelligence agencies and, in the end, Satoshi decided it was valuable to everyone to try maintaining a "clean image" for Bitcoin by having Gavin go to the CIA, but decided his involvement absolutely had to end, or else the CIA would have started threatening to release images of Satoshi in compromising positions to Gawker. Satoshi left the project a martyr but is definitely still alive, scraping by through extorting old-timers with assassination, bitter over the failure of Gavin's "Bitcoin orientation" for the CIA with regard to purifying Bitcoin's public image.
That has to be it. I'm so glad we finally resolved this once and for all. OP please lock this thread because there's nothing left to discuss. lol |
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Are you still saving your bitcoins or you selling them?
No, I'm not selling them yet. I like to wait until my investments fall as far down the drain pipe as they can go before I sell. If they go under $50 I'll sell for sure. lol |
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3. He never existed in the first place. He was a necessary construct to add mystery and credence to the project. A project from a missing visionary is 100x more valuable than one from an available average Joe. The way to instantly discount someone's brillance is to let them open their mouth. He has no mouth to open. People spend their time deciphering the few writings we have from him like they were the Dead Sea scrolls.
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So is the big Friday news coming out on Saturday instead? Does it involve Ultra Slim Fast?
Haha this made me laugh  the guy is only trolling and don't know what he is talking about or he meant Silk road is coming but he over slept and didn't tweet it on Friday . or ... the second theory is that he just want some attention and followers  So he's a lying fat thief attention whore that steals people's usernames and passwords and doesn't really know shit. Who would have guessed? I'am not accusing anyone of anything and who said anything about Stealing usernames & passwords of people  I'am just saying that he said on Friday big news is coming and what happened on friday already happened and those things are (as far as I know) (some of them didn't rly happen in friday but before) - Silk Road coming back
- Gyft accepting eBay
- that chinese exchange website got hacked
In its court filings, Facebook said Guerbuez stole passwords through phishing attacks and used a botnet of hacked computers to access Facebook accounts without authorization. If true, that would make his actions subject to a criminal prosecution in addition to the civil judgment against him http://www.pcworld.com/article/207046/article.html |
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So is the big Friday news coming out on Saturday instead? Does it involve Ultra Slim Fast?
Haha this made me laugh the guy is only trolling and don't know what he is talking about or he meant Silk road is coming but he over slept and didn't tweet it on Friday . or ... the second theory is that he just want some attention and followers So he's a lying fat thief attention whore that steals people's usernames and passwords and doesn't really know shit. Who would have guessed? |
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So is the big Friday news coming out on Saturday instead? Does it involve Ultra Slim Fast?
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This is the reason why people are escaping to virtual worlds^. Your reality check is like cold shower to some men.  Please let them dream.. I think they should learn to fap while looking at that image because it's closer to what they're likely to really be able to fuck. lol |
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That's a long time ago, but I think I bought some from Jeremy at SpendBitcoins for just under $2. That was before he stopped selling to American customers.
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Reality Check
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