Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Newar]

Tarmi you do not mine multiple bitcoins daily..

But keep up the bs.

I remember the days when some cheap gpu-s like 5850 mined almost 1 btc a day.

you probably bought those coins from me and now feel angry.

I think I bought them at 5. I'm happy 

[tarmi]

Tarmi you do not mine multiple bitcoins daily..

But keep up the bs.

I remember the days when some cheap gpu-s like 5850 mined almost 1 btc a day.

you probably bought those coins from me and now feel angry.

I think I bought them at 5. I'm happy 

still hodling them on the way down from 1000 $?   

[LewiesMan]

Tarmi you do not mine multiple bitcoins daily..

But keep up the bs.

I remember the days when some cheap gpu-s like 5850 mined almost 1 btc a day.

you probably bought those coins from me and now feel angry.

I think I bought them at 5. I'm happy 

Lucky you.

[inca]

Wait a minute tarmi, you were the one getting angry last weekend when the price inexplicably rose!

[tarmi]

Wait a minute tarmi, you were the one getting angry last weekend when the price inexplicably rose!

I wasnt angry really, I was selling like mofo.

I was anxious because some dude was talking stupid racist, sexist shit. but that is business as usual in this thread. I mean the stupidity.

[ChartBuddy]

Coin
Explanation

[samsonn25]

Radeon 5850 cards were about $300 usd when they came out in 2009.  Very expensive back then late 2009.  Lets say the price dropped somewhat by fall 2010, bitcoin price was only like .06 so buying a card for $150-200 to mine .05 a day used more electricity than the coins it mined.  So it was still a gamble, experiment back then.

[LewiesMan]

Radeon 5850 cards were about $300 usd when they came out in 2009.  Very expensive back then late 2009.  Lets say the price dropped somewhat by fall 2010, bitcoin price was only like .05 so buying a card for $150-200 to mine .05 a day used more electricity than the coins it mined.  So it was still a gamble, experiment back then.

It still is a gamble, experiment. But back then there was less to loss.

[samsonn25]

Yes becaus people who already had the video cards were using them to game, and mine on the side.  But to buy it and mine exclusively had to be crazy. I dont even think they knew about the gpu power until 2011 or 2012.  They were still using cpu back then until they figured out the computing efficiency

[LewiesMan]

Yes becaus people who already had the video cards were using them to game, and mine on the side.  But to buy it and mine exclusively had to be crazy. I dont even think they knew about the gpu power until 2011 or 2012.  They were still using cpu back then until they figured out the computing efficiency

I remember doing that actually. Gamed and mined a little whenever I wasn't gaming.

[tarmi]

it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.

you cant really compete with asic producers. only if you have low electricity, like below 0.06 $.

[LewiesMan]

it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.

Which is why you cloud mine! Just buy, mine then resell (at a profit?)

[empowering]

Just saw this link for full show on reddit

Morgan Spurlock - Living on Bitcoin (CNN show)

Full episode=

 https://www.youtube.com/watch?v=uLxhI81Flvk

( http://edition.cnn.com/2015/02/18/us/bitcoin-morgan-spurlock-inside-man/ )

[LewiesMan]

Just saw this link for full show on reddit

Morgan Spurlock - Living on Bitcoin (CNN show)

Full episode=

 https://www.youtube.com/watch?v=uLxhI81Flvk

( http://edition.cnn.com/2015/02/18/us/bitcoin-morgan-spurlock-inside-man/ )

Awesome episode, very educational. I wish it was a bit longer though.

Spurlock played well.

[samsonn25]

it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.

you cant really compete with asic producers. only if you have low electricity, like below 0.06 $.

Exactly.  

Intel q6600 is still only drop to $30 and 4 years ago was $60

XFX 5870 now is almost same price as almost 2 years ago on used market.

[LewiesMan]

it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.

you cant really compete with asic producers. only if you have low electricity, like below 0.06 $.

Exactly.  

Intel q6600 is still only drop to $30 and 4 years ago was $60

XFX 5870 now is almost same price as almost 2 years ago on used market.

Which one is more powerful? Or are they the same power/kind?

[MilesJohan]

Why can't the poll be , over 260 on the weekend

[samsonn25]

it is actually far more riskier to mine today with asics because you could always sell your gpus, but you cant do jack shit with asics once they go in red.

you cant really compete with asic producers. only if you have low electricity, like below 0.06 $.

Exactly.  

Intel q6600 is still only drop to $30 and 4 years ago was $60

XFX 5870 now is almost same price as almost 2 years ago on used market.

Which one is more powerful? Or are they the same power/kind?

5870 was more powerful than 5850.  It was clocked higher and had more stream processors.

[nor9865]

Why can't the poll be , over 260 on the weekend

So far so good though, no bear whale has brought us to sub 200.. Yet..

[ChartBuddy]

Coin
Explanation