I mean, when you´re looking at a perfect inverse correlation between production capacity and the price of product you have to admit that it smacks of some kind of fraud. Otherwise you´re totally delusional.
Despite the fact that this is hard-boiled trolling, the exponential rise in Bitcoin's difficulty and some of the subsequent price decline can be explained by the run-up to $1200 last fall. As the price spiked up and and up to 10x its SR-Closure value of $90, people saw dollar signs in their eyes. It was then that the true ASIC war began - people decided that, at a block reward of $25,000 or more, they could make a pretty good profit. So they ran to chip designers and manufacturers (both of which are fixed, sunk costs) and put their orders in. I believe that the BTC mining ecosystem was still feeling the effects of this up until just a few months ago. As the price slowly slid down from $1000 to $800 to $600, declining in part due to the lack of constant buying established by Mt. Gox (and later the shock to the BTC ecosystem by its demise), these mining companies with sunk costs had to trudge on and mine at a loss (over their manufacturing costs) just to try to recoup a some of their investment. This becomes a vicious cycle with miners dumping BTC to recoup manufacturing costs and electricity, further driving the price down. I believe that this will start to level off in the next few months. Most of the ASICs that were hastily put into production from Q4 2013 to Q1/Q2 2014 are now out in the wild and further ASIC development has been centered/centralized around a few large players like AM, ST, Bitmain, KNC. These large players, some of whom are not even selling retail anymore (KNC) are now able to self-finance their manufacturing and need only to answer to investors and board members, not customers and the public - they have a much bigger incentive to hold BTC than to sell it immediately on the market if they have enough capital reserved for such a strategy. I do think you are correct that there are some mining farms taking advantage of China's low cost chip design, manufacturing, and miner assembly capabilities to throw up large farms to exclusively generate and sell BTC, but they are not the main driver or mining or BTC 'dumping' at the moment. |
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Period 28, Day 10 Report - January 10, 2015
Balance Post Divs: BTC 179.42447190
Total Units: 23811
NAV/U: BTC 0.00753536
Yep, still here - just had a funeral yesterday that ended up lasting all day. Have repriced and will again at Noon.
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It was a bug, they fixed it, should work now. You may have to log out and log back in.
Works for me, thanks for the heads up! |
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Period 28, Day 9 Report - January 9, 2015
Balance Post Divs: BTC 180.08776942
Total Units: 23705
NAV/U: BTC 0.00759703
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Somehow the Send button has showed up now. BUT, there's a new problem. When I click "Confirm Transaction" like in the screenshot below, nothing happens, nothing. I've tried this on several browsers, same thing I can get to this screen and nothing happens when trying to click the confirm transaction, it just goes from green to blue color and nothing sends. Doesn't work when hitting the Enter button either. I guess there's progress, but still cannot Send. http://s12.postimg.org/pzpu84hul/STR2.pngSame here, send button shows up but 'confirm' does nothing still- |
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I'm having the exact same issue - the only workaround I have is to use the Windows cURL commands to do wallet transfers....they still work.
Pardon the noob question, but is there another wallet solution besides the online service? Not that handy with CLI |
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Just an update, there's not a send button for addresses that do not require a destinations tag either, no send button anywhere. I even created another account, no send button. Logged into four browsers on three different computers, no send button. I cannot be the only one getting this. Does any other other person of the millions of users have an issue with https://launch.stellar.org ? Screenshot of no Send button http://s30.postimg.org/h3qyggfkx/STR.pngExactly what I'm seeing!! Thank you for validating this; two computers, three browsers (four if you include chrome incognito). No idea. |
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I feel like I'm losing my mind here; I input a destination address, destination tag, and an amount of STR to send (numerical), but the 'send' button doesn't show up - am I missing something?
Are you sure your destination tag is correct? Have you used it before? It's a copy-paste from Poloniex; haven't used it before. Thanks for any help in advance- |
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Hmm, that´s an optimistic guy on the bid
2015-01-05 11:27:08 1000000/1000000 ฿0.00045000 ฿450.0000
Probably a market maker or AM themselves; wouldn't be a bad idea to buy back for that amount if there are sellers dumping at that price. Week ago (or so) there was a bid wall for 100k shares. Now it's 1M, someone is trying to manipulate market? There are propably better investments if someone can afford to spend 450 BTC. Not if you're trying to keep the market up or if you actually ARE AM - at this level it's clearly a decent price. In one way or another, someone wants to ensure that the price doesn't take a complete nosedive if someone with medium sized pockets wants out |
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I feel like I'm losing my mind here; I input a destination address, destination tag, and an amount of STR to send (numerical), but the 'send' button doesn't show up - am I missing something?
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Period 28, Day 8 Report - January 8, 2015
Balance Post Divs: BTC 181.42345224
Total Units: 23688
NAV/U: BTC 0.00765887
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Hmm, that´s an optimistic guy on the bid
2015-01-05 11:27:08 1000000/1000000 ฿0.00045000 ฿450.0000
Probably a market maker or AM themselves; wouldn't be a bad idea to buy back for that amount if there are sellers dumping at that price. |
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Period 28, Day 7 Report - January 7, 2015
Balance Post Divs: BTC 181.37494210 Total Units: 23493 NAV/U: BTC 0.00772038So.. question, how long do you think this bitcoin stash will hold? Was thinking of adding more B.Mine shares @ 200, was looking at the daily dividends they lasted a year do you think it will last another year?
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I'm not sure; it all depends on the Difficulty, that's kind of the point to this whole thing 
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To Whom May Find Interest:
The SEC has decided to end their investigation of Surf Capital Management and The Bitcoin Emerging Market Fund.
Glad to hear that; good to see that they realize that there is 'bigger game to hunt'. I agree with your comment that is a contributing factor to stagnation in this burgeoning area. |
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Period 28, Day 6 Report - January 6, 2015
Balance Post Divs: BTC 180.73101343
Total Units: 23225
NAV/U: BTC 0.00778174
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About how far from Galt's Gulch Chile is the property located?
 I thought it would be fun to be the jaded old-timers here, but it rings a bit hollow |
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I've looked at this thread at least 100 times and still try to make sense of it and what derivative investing is all about...Wish it was simply to understand. I get the concept that you are betting for or against the expected rate of hashing reward for the mining farm in question here, but don't understand how you can evaluate successfully and profitably when the time to get out would be (or what you would use to judge that). You keep taking in dividends but at the same time the principle is depreciating.
First off, this is not investing - it's speculating. You're speculating about where the difficulty is going to be in the future and how fast that it's going to get there. There is no mining equipment whatsoever. Dividends are actually a misnomer, they are daily payouts to the holders of MINE. I suggest you go through the FAQs and some explanations on the first few pages and go from there- |
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Period 28, Day 5 Report - January 5, 2015
Balance Post Divs: BTC 179.37553529
Total Units: 22871
NAV/U: BTC 0.00784292
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Period 28, Day 4 Report - January 4, 2015
Balance Post Divs: BTC 180.55206479 Total Units: 22841 NAV/U: BTC 0.00790473I've looked at this thread at least 100 times and still try to make sense of it and what derivative investing is all about...Wish it was simply to understand. I get the concept that you are betting for or against the expected rate of hashing reward for the mining farm in question here, but don't understand how you can evaluate successfully and profitably when the time to get out would be (or what you would use to judge that). You keep taking in dividends but at the same time the principle is depreciating.
Will be back on later today to see if I can help clear up some confusion for you-
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Period 28, Day 3 Report - January 3, 2015
Balance Post Divs: BTC 181.03578502
Total Units: 22725
NAV/U: BTC 0.00796637
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