After looking in more detail at the mining profitability here: https://www.asicminervalue.com/I really can't understand how how that business is sustainable anymore. The fundamentals are complete shit right now.... an avalanche of bankruptcies coming in the next months? I remember in 2015 people were shouting "who teh fuck mines btc while the price is $200 wtff!!!", yet here we are. There will always be miners with free, prepaid (sun/wind etc) or stolen electricity who will mine btc no matter what the price is. If those miners don't have free/prepaid/stolen ooor very very very cheap electricity (like $0.01 cheap or even cheaper) they are in the wrong business. But, even if you have free electricity (which is unlikely except for a small minority) there is the cost of the hardware, the warehouse, the labor, etc..... And usually the only reason they get profit is because of the price rising... in which case you would do better just buying BTC instead. |
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After looking in more detail at the mining profitability here: https://www.asicminervalue.com/I really can't understand how how that business is sustainable anymore. The fundamentals are complete shit right now.... an avalanche of bankruptcies coming in the next months? |
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In other excellent news from my heroes at coinbase Initially, we will support deposits from both transparent and shielded addresses, but only support withdrawals to transparent addresses. In the future, we’ll explore support for withdrawals to shielded addresses in locations where it complies with local laws. Makes sense that they don't support withdrawals to shielded addresses (KYC/AML), not so that they do for deposits... greedy fucks! |
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I TRUST COINBASE AND CANAAN TO LOOK AFTER MY BEST INTERESTS. YOU ARE ALL CYNICAL PLEBS
Get the fuck out of here, you fucking shill! We are not interested in your scams. Tell your masters I would pay the $200 for this: https://www.asicminervalue.com/miners/asicminer/zeon-180k... And I am doing you a favour. |
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Is that cheap? Is it worth it? I haven't mined since the Antminer S3, maybe I should give it another go for the lulz. P.S.: It basically says in its own page that it is unprofitable to mine with it. And... 1700Watts? That would be a very expensive PSU that I don't have. Think I'll pass on the offer. Yeah I have stayed away from mining Sha for quite some time, it's too aggressive on difficulty and the equipment is all Enterprise style (loud as fuck fans over standard 110v power draw) GPU mining is even getting cut out more and more by fpga and I want to dip my toes in fpga but the up front cost is too damn high. A quick calc on https://whattomine.com/asic20Tera Hashes @ 1700W Electricity @ $0.1/kWh This generates $3.39 on Bitcoin mining, with an overall profit of -$0.69 / day. I guess it may be a cheap way to heat your greenhouse in the winter, but not much else. Yes, that's more or less the same calculations they give in their page: https://www.asicminervalue.com/miners/canaan/avalonminer-921Maybe if you have free electricity. But the heat on the winter argument.... I have always said that electric resistance generated heat is 4.x less efficient that a heat pump, so no, not even in that case. With that figures they would have to give them for free or even pay me to run it lol |
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Is that cheap? Is it worth it? I haven't mined since the Antminer S3, maybe I should give it another go for the lulz. P.S.: It basically says in its own page that it is unprofitable to mine with it. And... 1700Watts? That would be a very expensive PSU that I don't have. Think I'll pass on the offer. |
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FRESH FROM WANGA/MASTERLUC TELEGRAM:
Двoйнoe нa cтoкax = Double on drains
Двoйнoe днo*. Moжeт быть кaтaлизaтopoм paзвopoтa биткa = Double bottom*. It can be a catalyst for the turn of the cue ball
Not sure if he is talking about the Dow Jones though. Or maybe he means a rebound of the dow could be a catalyst for a Bitcoin turn. The guy is always so cryptic.
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Funny that the Bitcoin Foundation holds more Ether than Bitcoin. Oh well  Funny that I thought it didn't exist anymore, that is almost broke, that Brock Pierce and Vinny Lingham are on the board, that.... |
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There once was a user called dandannn,
Who believed in Bitcoin like a mad man,
He lived in the shadows of the forum,
Wall Observer was the only thread for him,
The other posts helped him cope,
When the price was low and there was little hope,
Until one day he wrote a rhyme,
To thank all the regulars for their time,
Their posts had always taught him a lot,
He continued to hodl to the jackpot!
Welcome to the visible side of the WO! I wonder how many are there in the shadows for only god knows how long...... |
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 Have we found 2018 bottom? We might need a big fat ugly ass not one we all enjoy. If $3474 WAS the bottom, then that one is perfectly fine  If we have a lower one before 2018 ends... then yes, it will be a big fat ugly ass. |
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I haven't been active here much, but I'm still alive. I will try to at least delete the worst shitposting. Reporting particular posts to me via PM is helpful.
We had a long holiday weekend here in the states, and then my wife delivered our first baby right after. Shit's been crazy - attending to work, baby, wife, and sleeping when I get "free time".
Congrats bro!! |
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Two years 5K stablecoin. Who needs Tether now?
.... bitcoin doesn't work like that. I know, I was mocking the graph. |
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the drop on the panic was, now back to 6000  2 more years under $10k.  Two years 5K stablecoin. Who needs Tether now? |
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Ohh Lucy and Moocy, I gonna need this. The classic Corrida Colosseum. Go Moocy ride on to the resistance area.
Did you just fckin highjack my avatar  *uses haoshoku haki* WTF! You are right! This shouldn't happen! It's the first case of HAT hijacking we have ever had! |
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good lord
are we actually catching some support here?
Thank you...Thank you...selling at $3,694.20 saved all of you and I started the pump up. It is like I have a superpower skill that works backwards. but it is good to know that my panic'ing and selling 13 BTC like a 9-year-old girl child (including screaming) was a big help to the BTC ecosystem. I shall now do other good deeds like tossing myself in front of trucks so people can test their safe driving skills ... brad I had a buy stop at $4315 which triggered a physical buy order to hedge my short. So now you have sold @ $3649 and I have bought at $4315. I am concerned this may have long term consequences. We could be stuck in this range for awhile! So your trading position is neutral now? What would you consider it is the most probable trading range now? I thought it could be 4.2 to 4.5 but it seems like it is not. Yes until we get back down into the 3s at which point my short will become profitable again. And I have already sent the physical to cold storage. I am trying to understand what you just said. If I understand it correctly, instead of closing your current short what you did is buy an equal amount of BTC so that you are hedged if the price continues to go up but, ok. But, if instead it goes down, your short is in profit but you lose an equal value on your recently bought physical. So basically you are paying lending fees for nothing? Does it have anything to do with taxes? I really can't understand why you would do that instead of just closing the short... or I am missing something here. |
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