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Question: 1/17 Closing Price:
<$33,000 - 4 (5.3%)
$33,000-$34,000 - 1 (1.3%)
$34,000-$35,000 - 2 (2.6%)
$35,000-$36,000 - 1 (1.3%)
$36,000-$37,000 - 3 (3.9%)
$37,000-$38,000 - 7 (9.2%)
$38,000-$39,000 - 4 (5.3%)
$39,000-$40,000 - 9 (11.8%)
$40,000-$41,000 - 8 (10.5%)
$41,000-$42,000 - 6 (7.9%)
$42,000-$43,000 - 4 (5.3%)
>$43,000 - 27 (35.5%)
Total Voters: 76

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25066674 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
aminorex
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May 17, 2014, 02:49:50 AM

banks have no problem buying bubblicious derivatives, lending money to poeple that are likely to default in < 12months.

wtf is this "risk profile" bullshit

It's called red-lining, and it's only illegal if you are in a protected class.
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There are several different types of Bitcoin clients. EWallets such as Coinbase are like banks -- a central organization has complete control over your money. You shouldn't put much money in EWallets.
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shmadz
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May 17, 2014, 02:52:45 AM

banks have no problem buying bubblicious derivatives, lending money to poeple that are likely to default in < 12months.

wtf is this "risk profile" bullshit

It's called red-lining, and it's only illegal if you are in a protected class.


it's downright criminal is what it is

what exactly is a "protected class" anyways?

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May 17, 2014, 03:00:46 AM


Explanation
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May 17, 2014, 03:17:29 AM

Is it?  What factor should one apply to those number to get the real cost?

You can't.  You have throw away that number and  compute a valid number.  It costs about $2k to buy 1 ghps, which gives you a 1.3x10^-8 chance at every 25 btc block reward (one every 9 minutes).  That difficulty increases 20% at each adjustment, every 12.8 days.  Now calculate.

"now calculate" - hehe, yeah, right.

as a miner for 3 years now, I would say that my opinion of the "cost" of mining will closely correlate with the bitcoin price moving forward.

there will be significant lag, as there is a lot of sunk money in bitcoin mining, but my greatest hope would be the graph below:


credit to TERA for this nearly famous chart.  


such a scenario would dampen mining in a profound way. we really had a great push when asics were first realized, and then implemented, and now they have been executed.

Now we are reaching the boundaries of what is currently possible. The physical boundary of heat is IMO the biggest barrier at this time.

Until the next "quantum leap" in computing, mining bitcoin is going to get quite boring. (it already pretty much is)

altcoins keep it fun, kinda, and I can see the real innovation in trying to find new super-secure, energy-efficient, wipes-your-ass-for-you types of encryption.

the only problem is that with 5 years of accounting records behind it, bitcoin has a large incentive to stick around...

... sorry, I started out trying to pick a fight and now I don't even remember what I was mad about. isn't the internet great?
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May 17, 2014, 03:26:57 AM

banks have no problem buying bubblicious derivatives, lending money to poeple that are likely to default in < 12months.

wtf is this "risk profile" bullshit

It's called red-lining, and it's only illegal if you are in a protected class.


it's downright criminal is what it is

what exactly is a "protected class" anyways?



Democrat voters.
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May 17, 2014, 03:34:42 AM

All aboard!!!


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May 17, 2014, 03:35:59 AM

Is it?  What factor should one apply to those number to get the real cost?

You can't.  You have throw away that number and  compute a valid number.  It costs about $2k to buy 1 ghps, which burns .2 joule/gh at $0.1/kwh, and which gives you a 1.3x10^-8 chance at every 25 btc block reward (one every 9 minutes).  That difficulty increases 20% at each adjustment, every 12.8 days.  Now calculate.
Thanks.  You mean that a 1 GH/s machine costs 2000$ and consumes 0.2 W? Not 0.2 kW = 200 W?
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May 17, 2014, 04:00:45 AM


Explanation
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May 17, 2014, 04:03:22 AM
Last edit: May 17, 2014, 04:26:39 AM by shmadz

banks have no problem buying bubblicious derivatives, lending money to poeple that are likely to default in < 12months.

wtf is this "risk profile" bullshit

It's called red-lining, and it's only illegal if you are in a protected class.


it's downright criminal is what it is

what exactly is a "protected class" anyways?



Democrat voters.

thank you for your answer, but apparently you miss-took me for someone intelligent educated.

could you please explain or elaborate?

perhaps you mean that the voting class has some kind of protection from the ruling class? I just don't get it.
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May 17, 2014, 04:32:42 AM

Modi is elected.. that is bullish bitcoin.

sure. and the muslim riot within three months

Muslims actually dont mind him.. its terrorists hes after. They know its a problem in their culture.
Still i wouldnt be surprised if modi went full pro bitcoin and India took charge.

He is known as being socially as well as financially conservative.  I don't know if that is accurate or what it means in regards to btc.

I think he is far less conservative than the last party.. which is why ppl are celebrating there. I think its bullish for us.
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May 17, 2014, 05:00:45 AM


Explanation
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May 17, 2014, 06:00:46 AM


Explanation
JorgeStolfi
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May 17, 2014, 06:06:00 AM

Thanks.  You mean that a 1 GH/s machine costs 2000$ and consumes 0.2 W? Not 0.2 kW = 200 W?
The numbers that I find googling are closer to 0.5 J/GH a couple of months ago.  Is 0.2 J/GH the current value?
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May 17, 2014, 06:25:34 AM


it's downright criminal is what it is

what exactly is a "protected class" anyways?



Democrat voters.

Divide and conquer politics: it works!
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May 17, 2014, 06:25:55 AM
Last edit: May 17, 2014, 06:45:44 AM by PoolMinor

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May 17, 2014, 07:00:45 AM


Explanation
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May 17, 2014, 07:14:14 AM



This.
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May 17, 2014, 07:49:32 AM

Er... What happened to Stamp's volume last 6 hours?
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May 17, 2014, 08:00:46 AM


Explanation
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May 17, 2014, 09:00:46 AM


Explanation
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