so does anybody know what may be causing this price decline?
The price decline. yes. People are not buying because they fear the price will fall even more, and cause of this prices keep falling or don't rise. It is a vicious circle hard to break Is the purpose of bitcoin to buy and hope price goes up to make profit or as the founder envisioned it as a new currency and value medium to be able to exchange products and services. |
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price is literally jumping so fast I can't buy on coinbase. Every time I hit the button, the price has changed.
I just saw 277 |
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By next month even .7 watt/gh asincs will be unprofitable after electricity with the difficulty.
Who wants to spend $600-$2000 per TH to mine back .08 BTC
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Bought another 25 coins today. If the price keeps sliding I may go broke before the bottom.
You can be broke later from buying all the coins , but at least you will have some kind of asset |
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MAJOR Support at $340 and $200
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I must concur, this is the most reasonable explanation!
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Got some bad news guys. I was reorganizing one of my Titans which has been running non stop for about 5 days when I noticed that the PCI-e socket on one of the cubes is already starting to burn:  I am using dual Seasonic 1250W PSUs for each Titan which have pretty high quality cables. I didn't start seeing any signs of burned sockets on my Neptunes until around the 2 month mark so I am getting concerned about these Titans. Cheap components, and a bad design is def a fail |
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Always some arbitragers looking for a certain amount.
Also everyone know to sell 10000 btc at market price will make seller alot less!
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Bitmain promised to update their firmware for all models many weeks ago, but still have not done so.
Bitmain also promised to provide a way of upgrade S2 to 1.8 or 2 Th. It's necessary to keep their word... Doesn't make sense to upgrade a machine that is still profitable at 1w/gh. They even gave a coupon to make up for it. Maybe there will be upgrade kit in a few more months for 2th/1kw, but if you took the current s4 design and undervolt ed it to 0.5w/ghit would probably only be ~1.4th An upgrade kit for 2th in the s2 would probably cost 2-2.2btc right now since it would require many more chips than the s4 uses S2s won't be profitable much longer if the BTC value keeps dropping. M ,0038 per day now, before the next difficulty jump in 7 days Hmm.. not sure your estimate is right on the next jump. I'm seeing a 3.3% decrease in 10 days. M I didnt say anything about what the next jump will be. I only estimate what it mines today. Which is at 34.6 Billion Diff |
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Bitmain promised to update their firmware for all models many weeks ago, but still have not done so.
Bitmain also promised to provide a way of upgrade S2 to 1.8 or 2 Th. It's necessary to keep their word... Doesn't make sense to upgrade a machine that is still profitable at 1w/gh. They even gave a coupon to make up for it. Maybe there will be upgrade kit in a few more months for 2th/1kw, but if you took the current s4 design and undervolt ed it to 0.5w/ghit would probably only be ~1.4th An upgrade kit for 2th in the s2 would probably cost 2-2.2btc right now since it would require many more chips than the s4 uses S2s won't be profitable much longer if the BTC value keeps dropping. M ,0038 per day now, before the next difficulty jump in 7 days |
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That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.
They are not trying to take us down, they just know that when they dump, they'll be able to buy whatever they sold back at a cheaper price. It'll continue until that is no longer the case. Then it will probably be time to pump. I don't believe this anymore. I see people dumping tons of coins. I don't see them buying tons of coins back. Either way, they are destroying the market. On purpose ot not. It doesn't even matter. Same thing. They won't stop till it's dead. Let them dump. If Bitcoin is a viable idea, it will survive. Bitcoin's survival depends on its utility, and market price of a coin mostly doesn't affect that. If bitcoin is useful, anyone trying to suppress the price will lose their shirt if they're insistent. If not, they're doing everyone a service. If this is true, it should not matter if the "market" price of Bitcoin is .10 cents or $1000. People maybe confusing a bitcoin for a lottery ticket |
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I think we can get back to $400 within a 7 day window. I really don't understand the reasoning behind the downward pressure we have been seeing lately. Who has run the numbers on the cost to produce 1BTC (through mining lately)? It has to be close to a loss right now, correct?
maybe people realizing that Bitcoin price was really a bubble ? beside, the cost of mining a bitcoin is not that important for price discovery, price is mostly based on supply and demand, if miners don't like the current price they have two option: 1) hold and wait for the price to go up again 2)or simply shut down their mining operation (which will be painful in most cases). Miners cant shut down too long, as difficulty increases on average 15% every 13 days |
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bitcoin-cloud.me is sell mining by the TH now
We used to have a bit of a bad record and we miss treated some customers , but we are back to stay
We are now china's largest mining farm
great prices and high quality hardware
if you ordered from us in the past and never got your order just contact us
sales@bitcoin-cloud.me Sounds like the CLOUD MINING is too good to be true. Actually its impossible even if they can steal electricity for FREE. The company loses -400% on 10TH deal, etc. -600% on 50TH -1000% on 500Th deals. |
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34 Billion difficulty now,
I bet alot of Gen 1 and Gen 2 equipment is being scrapped now
Yes, and how much of the BFL 'secret' mining farm has been switched off??? Probably most if not all. They dont have anything competitive now except the Monarch that they are concentrating more on cloud mining now. There are stil a ton of Monarchs that customers didnt receive yet. SAD because a 700GH one will probably only mine back .15 btc if you had one today. Not including power supply. |
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34 Billion difficulty now,
I bet alot of Gen 1 and Gen 2 equipment is being scrapped now
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Looks like wants to retest $360
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Raspberry pi performance should not be the issue, since Bitfury made miners with hundreds of gigahashes using raspberry controller. Software can be causing low performance though.
Raspberry Pi is just barely powerful enough to run a full bank of Bitfury cards. And bitfury's design is as simple as it gets. IIRC connecting to an active miner for monitoring was enough to cause minor performance issues. Raspberry Pi is also known for corrupting it's SD card very quickly. So in every way it's a very poor choice for a controller. Agree. It better for budget man on simple system. |
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ALPHA delayed again:
Dear valued customers,
With much regret, we unfortunately have to announce that despite our biggest efforts, it is unlikely that we are able to meet our target shipping date for September. Instead, it will slip into October.
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