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1761  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 30, 2018, 02:02:57 AM
god no

this is grim


Segwit stealing 51% attack with secret quantum computers beginning in any moment.  Cheesy
1762  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 30, 2018, 01:56:50 AM
my new bottom call

2250

Is this going to be quick, with one red candle after another so that I can move my entire stash to Bitmex and go 100x margin short? Or is it going to be full of volitility so that I will get rekt before reaching the target?


Sell, sell, sell.. bitcoin is doomed!!!!!  Too many green candles.  This is not natural.. right, peeps?

I guess what you really mean is "Get the fuck out of here with your capitulation nonsense!"

But you're too kind to be so blunt  Tongue

Time to start putting the squeeze on all of these bottom shorters. Should have closed their position hours ago when the CME July futures contract settled. Haven't checked @whalecalls on twitter yet. Wonder if any big dumb whale just got their big bottom short liquidated. Cheesy
1763  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 30, 2018, 01:39:14 AM
my new bottom call

2250

Is this going to be quick, with one red candle after another so that I can move my entire stash to Bitmex and go 100x margin short? Or is it going to be full of volitility so that I will get rekt before reaching the target?
1764  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2018, 11:29:55 PM
They probably already do. I suspect Bitmain is pointing some of their hash at alternative pools just to obfuscate their true power.

i reckon they've had far more than 51% for several years, and certainly have enough power to influence 51%. letting anyone know that is not helpful to their image.


Comes off as a bit paranoia, conspiracy theory laden and lacking in evidence.   Thus FUD spreading?

Oh please. Bitmain's got the cajones. Here's a pic of just one of their mining farms from their blog.

https://blog.bitmain.com/en/bitmain-to-set-high-standards-with-state-of-the-art-xinjiang-data-center/

1765  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: June 29, 2018, 05:04:52 PM
I am debating if I should buy the 2nd batch, since I have the $250 coupons?! What are you guys doing with the coupons? I have free electricity included in my apartment cost so I would be happy if I could just ROI in  half a year. But I am afraid those will become doorstoppers eventually?!

With free electricity and coupon i'd give you the green light....sounds like zcash is not gonna fork now so you'll always have a coin to mine.  Even though all the z9 ever made(and the faster more effecient ones coming out) will be on it with you, you should be good with the free power and the low consumption on this device to at least ROI and not get your apartment supervisor angry at the high power bills(for awhile anyway).  But yeah this guy will be a big paper weight in 3-6 months, so if you expect your free power situation to change i'd say no.

What are you talking about? Zcash just did a vote at their Montreal conference and will be putting ASIC resistance on the back burner. https://www.coindesk.com/zcash-governance-panel-shoots-research-asic-resistance/
By the time they get around to it, ASIC mining will have a strong foothold and the GPU miners will go searching elsewhere for the few scraps left; if not shutting down entirely. Since most of the mining hash will be derived from ASICS, I am sure they will get increasing push back from their ASIC mining community. Who is going to go along with turning their coin making machines into bricks?
1766  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2018, 04:31:38 PM
It's still possible for Bitcoin to reach untill 3,000$ mark untill it bounces back up in late 2018 there are no good resistance at 6k mark so possibly it still may go down.

It all depends on exactly what the operations cost for the huge mining farms is. If it goes too low, we may see a push from the big miners to try and prop up the price. However, Bitmain made a boatload of profit last year. So they may have enough of a cushion to ride it out and have the competition get annihilated. (Remember GHASH? They got blown out of the water in the 2015 bear market and Bitmain came out on top.)

conclusion: decentralization gives bitcoin value but decreasing value leads to centralization? I hope current pools can compete with antpoo/btc.com or bitmain will dominate bitcoins hashpower sooner or later.

They probably already do. I suspect Bitmain is pointing some of their hash at alternative pools just to obfuscate their true power. I could be wrong though. Also, centralization is just a byproduct of pure economics. It is always more economical to pool resources. Furthermore, total decentralization is a lofty goal. There is never going to be the homogeneous distribution of wealth, resources and talent required for true decentralization to take hold. That is why true communism never works. It always evolves into a despotic socialist regime.
1767  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2018, 04:12:41 PM
It's still possible for Bitcoin to reach untill 3,000$ mark untill it bounces back up in late 2018 there are no good resistance at 6k mark so possibly it still may go down.

It all depends on exactly what the operations cost for the huge mining farms is. If it goes too low, we may see a push from the big miners to try and prop up the price. However, Bitmain made a boatload of profit last year. So they may have enough of a cushion to ride it out and have the competition get annihilated.  (Remember GHASH? They got blown out of the water in the 2015 bear market and Bitmain came out on top.)  This will have the added benefit of lowering the difficulty; therefore the cost to mine.
1768  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2018, 04:01:31 PM
a respite from the dumping

I don't remember this happening. When did this happen?1

1. Did this happen?

We started to get a few wimpy green candles at around 4:pm London time. Also, the last decent dump happened around 6:00 am London time this morning. I think the bottom is in, for now, until we get close to the CBOE closing date of 07/18/2018.
1769  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2018, 03:47:44 PM
What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense

Could we start spend it like if it was a decentralized cryptocurrencies?

Is this a possible world?

I doubt it’s possible the price could stay at $5,000 for 15 years. Miners wouldn’t be able to turn a profit even after the next halving at $5,000. 15 years will see 4 block reward halvings (including the one in 2020).

Most miners would have to turn off their machines & stop business in 2024 at a rate of $5,000 per bitcoin.

What a bunch of BS. Break even for an S9 mine right now is around $5000/BTC. There is more to mining than electricity! By 2024, it will be closer to $500k/BTC break even.

Meh, Bitmain and friends probably have 10nm or 7nm chip ASICs populating their farms. I wouldn't be surprised if they also have farms set up in Venezuela to take advantage of the cheap electricity there. This is merely speculative though. It is also possible that Bitmain doesn't have the more efficient ASICS working yet and that this bear market will kill them. Wishful thinking on my part though, I am sure.
1770  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2018, 03:34:01 PM
Isn't it amazing? THE CME June futures contract settles and we seem to get a little bit of a respite from the dumping. When exactly was it announced that the CME and CBOE was a go? I'm trying to figure out what price these MFs got their BTC to dump. Or are they just shorting it on the various exchanges with fiat as collateral? Or is this price movement just coincidence? Is there really any correlation here?
1771  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XDNA]Revolution in mining|POW|Dual Mining|BitGun|T.N.T. [XDNA][ANN] on: June 28, 2018, 07:49:52 PM

Oh, snap! I didn't look at the thousand number mark from that perspective. Can you send me your address via PM? I'll send you a couple of XDNA.

Thanks for the offer, but I am at work and do not have access to the wallet. It was quite disconcerting this morning to wake up and find that I have been paid all of the coins from my nicehash mining and have come up short.  Embarrassed  I also hope that this coin makes it to another exchange. I am not particularly fond of crypto-bridge so far. From what I understand, it is not even truly a DEX because you send your coins to them and then they convert them to bitshare tokens. So, it's great that you have control of the private keys for the tokens, but no control over the real coins. Or am I mistaken on how cyrpto-bridege works?
1772  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XDNA]Revolution in mining|POW|Dual Mining|BitGun|T.N.T. [XDNA][ANN] on: June 28, 2018, 07:30:36 PM
cryptobridge delayed coins,
I think they collected a masternode from my coins

Crap. I ran out of nicehash funds and only have 999.34 coins in my wallet. I was hoping to buy 1 coin real quick. Looks like I'm a day late and a dollar short.

Once you get an exact 1000 coins in your wallet, do lemme know your address so that I can send you another coin and ruin your round number. Grin

I'm not looking for a round number. Just enough to get the low end masternode. Unfortunately, I sent my 300K sats BTC to Crypto-bridge and the deposit did not clear before I went to work. Hopefully, the funds will be available when I get home from work so that I can get just enough coins to set up a masternode. Just hope my partner doesn't start nagging because I am preoccupied. I never set up a masternode using a VPN, so this is going to be quite the learning curve for me.
1773  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XDNA]Revolution in mining|POW|Dual Mining|BitGun|T.N.T. [XDNA][ANN] on: June 28, 2018, 01:26:31 PM
cryptobridge delayed coins,
I think they collected a masternode from my coins

Crap. I ran out of nicehash funds and only have 999.34 coins in my wallet. I was hoping to buy 1 coin real quick. Looks like I'm a day late and a dollar short.
1774  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BWK] BULWARK | NO ICO | Masternodes | Accelerated PoW | Seesaw PoS/MN on: June 27, 2018, 03:04:39 AM
Is there a minimum in order to stake?

1 coin, all in the same utxo. However, it will probably take many years for 1 coin to get a stake, unless you get really lucky. If you have been mining, and getting many sub 1 coin payments, you may want to use coin control in your wallet to combine your utxo.
1775  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XDNA]Revolution in mining|POW|Dual Mining|BitGun|T.N.T. [XDNA][ANN] on: June 27, 2018, 02:10:50 AM
How much is it to buy a full node straight up? how many mns running and when will you be listed on an exchange?

Already listed on crypto-bridge. There are three levels of masternodes. 1000 coins, 3000 coins and 5000 coins. Currently, there are 23 light 1000 masternodes, 10 medium masternodes and 12 full masternodes. However, masternodes do not start paying quite yet. So the number may go up.
1776  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XDNA]Revolution in mining|POW|Dual Mining|BitGun|T.N.T. [XDNA][ANN] on: June 24, 2018, 08:12:05 PM
I just read though the whitepaper, and a profound grammatical error is repeated several times throughout the whitepaper. The problem is that it is missing articles (the, a/an.) You may want to get someone to proof your work and add in the missing articles. It noticeably detracts from the quality of the paper.
1777  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: June 24, 2018, 05:11:43 PM
So I finally got around to updating my ABC node after the recent update broke it.

Did it use my previously specified datadir?    no

Did it prompt me to specify one?   no

It just took the opportunity, behind my back, to overwrite the (in my case, on this box, unused and very old, but still) core chain on an entirely different drive.

If you guys are looking for trust and credibility...you're doing it wrong.

Well, if you are not using your node to mine or are a major economic node like an exchange, then you are supposed to be using a SPV wallet because Craig Wright, aka "satoshi" feels that  nodes like your's are a liability to the network. Shame on you. Better hope they don't make you walk through the streets naked and throw crap at you.
1778  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2018, 03:23:02 PM
Went to my BTFD bot and marked it to stop buying. Going to bed now. Guess the Europeans can have fun with this. They should be waking up now. Also, went to ebay to see if I could get a z9 miner that was on hand, ready to deliver. Saw a really good deal, made the purchase, then I realized it was an S9. I requested to cancel right away, but have to wait for the seller to respond. If he won't let me cancel, I just bought myself a $700 doorstop.  Cheesy

BTFD bot reactivated. My order cancellation went through. Thank God. Current revenue from a S9 is only 20 cents per day at 12 cents/KWH.
1779  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2018, 02:50:03 PM
wow btc really hit usd$5900...


Yes, and I really am not convinced by the reaction from support on this dump. I suspect that we may see another test for lower.  Embarrassed
1780  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2018, 02:13:27 PM


So, what happened to this candle being the confirmed 2018 bottom?

IDK, perhaps you should ask the traders who actually can have an effect on this market. I know my small stack doesn't amount to a hill of beans. However, I suspect the market movers are not going to tip their hand.
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