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T - 210.000* !!!!!!
*but coinbase can't be spent for 100 blocks anyways so we're technically 210.100 blocks from feeling the supply halvening
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bam !! t-0
best=000000000000000000024bead8df69990852c202db0e0097c1a12ea637d7e96d
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T - 1* !!!!!!
*but coinbase can't be spent for 100 blocks anyways so we're technically 101 blocks from feeling the supply halvening
last block 0000000000000000000d656be18bb095db1b23bd797266b0ac3ba720b1962b1e with BTC12.5 coinbase reward has been found, entering new epoch of BTC6.25 coinbase can we plz haz a moment of silence for miners forced to liquidate their hodlings, i can almost hear them powering down old miners
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In just 4 yrs the reward will be BTC3.125 per block
plot twist, a rare bug causes the 3rd halving to become a quartering down to 3.125 btc instead of 6.25 btc. Iniatially price dumps dramatically until it's figured out bug is rare and oneoff issue only. Then price goes stratospheric as supply shock becomes absorbed. nah no bugs please, don't want to mess with credibility |
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In just 4 yrs the reward will be BTC3.125 per block
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T - 5* !!!!!!
*but coinbase can't be spent for 100 blocks anyways so we're technically 105 blocks from feeling the supply halvening
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Huh just realized that coinbase is pulling more volume than Finex, things have definitely been changing.
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T - 19* !!!!!!
*but coinbase can't be spent for 100 blocks anyways so we're technically 119 blocks from feeling the supply halvening
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Can we do that $11k please? nah better squeeze them now than at $11k |
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T - 100* !!!!!!
*but coinbase can't be spent for 100 blocks anyways so we're technically 200 blocks from feeling the supply halvening
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This has got to be miners selling up before the halving surely?
Let them dump and we can move on to new highs.
Looking forward to the 100k party hatters.
I tend to agree, think about it, if you're a miner your profits are about to literally get cut in half. Some of your assets become unprofitable the second block 630.000 is mined, old inefficient miners would be costing you money so you have to run around and take them offline ASAP. But you still have your sunk costs, datacenter, and electric contract in place so you'd need to replace old equipment with more efficient miners, but good luck raising capital and finding investors during pandemic where everyone is deleveraging, so your only option is to unload whatever stash you managed to save up to keep the lights on in your farm. |
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This is Faketoshi's wife who has an MBA and the claimed owner of W&K Info Defense Research LLC 12:35:25 16 THE DEPONENT: Well, he intimated that he had lost
12:35:31 17 a lot of bitcoin when that Japanese company - when that
12:35:34 18 guy in Japan, I think the - the bitcoin - I don't know if
12:35:41 19 it was a bank or what sort of outfit it was, but he,
12:35:47 20 I guess, absconded with all the money, and Craig had kept
12:35:51 21 some of his - had - well, "some of it", I think he kept
12:35:55 22 all of his bitcoin there, and --
12:35:58 23 BY MR ROCHE:
12:35:59 24 Q. And what's - and this is Mt. Gox? Is that what
12:36:03 25 you're referring to?
12:36:03 1 A. It might be. That name sounds familiar.
12:36:07 2 Q. And what's your basis for your understanding
12:36:10 3 that he kept a lot of his bitcoin there?
12:36:12 4 A. Because he said he lost a fair - lost a fair
12:36:14 5 bit of money. https://www.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.488.17.pdfFaketoshi had about BTC50 on Gox. Yep, definitely sounds like a creator of BTC who owns BTC1MM |
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Isn't it weird how all the old bears have slowly faded into obscurity.
People like Roach, Proudhon, stofl and the like.
I guess good old bitcoin proved them wrong eventually.
Go Bitcoin Go.
“If you wait by the river long enough, the bodies of your enemies will float by.” -Sun Tzu |
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30min BTC volume on just one exchange Finex is more than will be mined in a whole day i wonder what that could mean  |
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I was planning on filling all my petrol cans today to take advantage of the low petrol prices, glad I didn't have time. It's gonna be interesting to se what the petrol prices will be the coming days.
Nothing. Petrol prices are based on Jun future that's now trading at 22 USD. Plus taxes and other non-oli related costs reduce price volatility. So don't expect many nice surprises here. I don't really understand any of this. Who, if anyone, can buy oil at those extremely low and even negative prices? What does it mean? One oil future contract obligates the buyer/holder to buy 1000 barrels of oil for delivery during the month of May. That is, whoever holds it at the end of the trading period. The oil producer creates the contracts and people trade them. The producer might have written the contract at $20 per barrel last month to lock in the price. Since then, the contracts have been traded around, the producer already pocketed the $20 per barrel though. The person holding the contract today, had to pay someone to unload it (negative price) because they don't have the ability to take delivery. The producers doesn't care who takes delivery, they already got paid when they wrote the contract. I guess they could have bought their own contracts and delivered to themselves at a profit but that would require them to shut down production which is expensive. The traders effectively paid someone $40,000 per 1000 barrel contract to get it off their account. Not including whatever they lost on the way down. Yep that ^ each contract is for 1000 barrels. You buy it, and you have to take delivery of it in May or be in default https://www.theice.com/products/213/WTI-Crude-Futures |
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Oil at $0.01. So basically the entire population could buy a barrel, HODL in the backyard and make a 100-1,000x+ killing in a short period of time? Pass me 20 barrels please  Try -$40 for WTI May futures |
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Barrel of oil equivalent = 6.1178632×109 J
Antminer S17+ 70TH/s rated @ 40J/TH
6.1178632×109 J/bbl x 600 bbl = 3,670,717,926,540 J
3670717926540 J / 40J/TH = 91,767,948,163.5 TH
How many bitcoin can I mine in 91,767,948,163.5 TH?
The probability that any give hash will lead to a valid block is 1/(232D), where D is difficulty
currently D = 13,912,524,048,946
So, 91,767,948,163.5x1012H x 1/(23213,912,524,048,946)/Block
= 1.5357666489943172022545931579071 Blocks (currently 12.5BTC/Block)
= 19.197083112428965028182414473839 BTC
Wow. I thought it would have been much more.
We're killing the planet!!
We're about to mine BTC900/day so that's 46.8821223895886 barrels per day, that's probably less than heating costs for one bank |
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1) alts kind of hanging on with a kind of symmetry to bitcoin .. .but what the fuck can we do about that? the situation with alts and the various dumbfucks buying or promoting that crap "is what it is".
Alts are the "lungs" of bitcoin. I was thinking more like an anus, if you touch them you're sure to get shit all over yourself |
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UK Chancellor just said self employed people will get up to 80% of their earnings but we have to wait until June.
It’ll be a 3 month pay out back dated to now so 3 x 80% what you earn.
It’s a good thing I have a couple of streams of income.
What would, for example a self employed electrician do who isn’t getting any jobs now. ‘Don’t worry, we’ll pay you in June’.
All this whilst teachers are off work until September on 80-100% pay. Farcical by the UK Government.
Chancellor on the brink of another bailout? Probably. Thousands of lower earning self employed people aren’t going to be able to afford to live very soon. May be we will survive from Corona but very hard from these tactics as most of peoples will think about suicide as they cannor afford to live on this planet. I cannot afford my standard of living with my 75" flat screen! Good bye cruel world! *First World problems? |
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No, supply is set in algorithm, and demand couldn't care less about current difficulty level. |
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