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NotLambchop
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October 31, 2014, 10:58:00 AM |
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...
At the moment I'm wondering why we don't just go down
We are going down. $338 on Stamp. |
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ChartBuddy
Legendary
 Offline
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 31, 2014, 11:00:30 AM |
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raid_n
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October 31, 2014, 11:33:05 AM |
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according to KNC, the mining cost of bitcoin is significantly below $400, i think it's around $170 per coin and they are trying hard to mine more and dump more
KNC 3T miner at 1710 Watts: $5995 (of cause the cost of manufacture is under $3000)
mine 1 bitcoin: 3.412 week, Power Cost: $98
let's say you mine 50 bitcoins and stop mining, cost per coin: $158
Except mining 50 bitcoins with that device would take 170 weeks (or about 3 years) at the current difficulty...and we all know the difficulty won't go up for the next 3 years right? Idiotic....the mining cost of a single bitcoin is far beyond the btc/usd exchange price right now. I agree, hashrate increases have slowed significantly and may even stop shortly which is a huge tell that we are very near cost of production, if not already below. The last time this happened marked the long term bottom. Forward sales of mined coins may have even artificially depressed prices 'ahead' of schedule by bringing inflationary effects forward in time. At a price point lower than the forward sale though the hedged miners switch from natural shorts to floor-setting determined buyers, as they can make guaranteed profits buying at market and selling at their hedged price. Tell me, nasterxy, why are you not running a giant mining farm and making huge profits? |
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Blue
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October 31, 2014, 11:33:09 AM |
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thank god, after 16h bitcoin price development is back to normal  |
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SkyValeey
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October 31, 2014, 11:36:16 AM |
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one universe one cryptocoin one internet  and one big mamma  |
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Thomas-s
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October 31, 2014, 11:44:28 AM |
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Keep pushing it down bears... Easy money  Still think there will be some big news in next days. Second Market buys and those big buys on finex (if I'm remamber right GABI is using finex for buying)... simply fishy  Wondering how much amo this bear group on finex still has So clueless. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 31, 2014, 12:00:31 PM |
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dakota neat
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October 31, 2014, 12:21:46 PM |
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financial system meltdown, come over to the bitcoin save haven
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Hunyadi
Legendary
Offline
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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October 31, 2014, 12:23:52 PM |
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Keep pushing it down bears... Easy money Still think there will be some big news in next days. Second Market buys and those big buys on finex (if I'm remamber right GABI is using finex for buying)... simply fishy Wondering how much amo this bear group on finex still has Unfortunately: -2918 XBT yesterday. Seems a mistake, again?
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_javi_
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October 31, 2014, 12:28:17 PM |
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hey manipulators, having your daily dose of P&D?
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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October 31, 2014, 12:33:50 PM |
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Keep pushing it down bears... Easy money Still think there will be some big news in next days. Second Market buys and those big buys on finex (if I'm remamber right GABI is using finex for buying)... simply fishy Wondering how much amo this bear group on finex still has Unfortunately: -2918 XBT yesterday. Seems a mistake, again?
When all these things become a bit more transparent when we look back a few years from now I'm curious what kind of dirty games we'll see looking back. |
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bobboooiie
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October 31, 2014, 12:45:42 PM |
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"First German Bank Hits Savers with "Negative Interest Rates". Customers are now required to pay 0.25% per year to the bank for the privilege of handing the bank their hard-earned money."
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Mickeyb
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October 31, 2014, 12:53:33 PM |
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So where are we headed and why?
Thanks
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 31, 2014, 01:00:31 PM |
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madmat
Legendary
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Activity: 966
Merit: 1000
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October 31, 2014, 01:03:21 PM |
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So where are we headed and why?
Thanks
To the moon, because we found the bottom. So obvious. |
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Malin Keshar
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October 31, 2014, 01:06:30 PM |
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So where are we headed and why?
Thanks
To the moon, because we found the bottom. So obvious. People calling the bottom since the up 400 level. We will never know when we hit the bottom until some time after the bottom So obvious |
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DieJohnny
Legendary
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Activity: 1639
Merit: 1004
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October 31, 2014, 01:11:38 PM |
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Anyone else sensing gap up coming?
Gap down is usually a tightening feeling in my anus.
Gap up is something like a hot flash in my crotch.
I got some hot flashes last night thinking about Bitcoin..... something besides me is going up I think
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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October 31, 2014, 01:15:31 PM |
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I would go to the clinic to get that checked out
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