ChartBuddy
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 Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 15, 2015, 01:58:25 PM |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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empowering
Legendary
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Activity: 1078
Merit: 1441
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April 15, 2015, 02:02:42 PM |
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Maybe if I flick the tip a little bit?
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 15, 2015, 02:06:52 PM |
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yup my cloudhashing miner will be shutdown as well. Dear Cloudhashing customer:
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount. i owe them 30$  its a sad day for cloud mining When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins. |
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coinableS
Legendary
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Activity: 1442
Merit: 1179
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April 15, 2015, 02:07:22 PM |
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Maybe they are highlighted to show that they are both tied at the top. Or they both raised their bids recently. No something is different... didn't do that before. Bids are increasinng there as well. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 15, 2015, 02:10:31 PM |
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yup my cloudhashing miner will be shutdown as well. Dear Cloudhashing customer:
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount. i owe them 30$ its a sad day for cloud mining When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins. I was thinking they could provide me with the best possible $/GH that i could ever achieve on my own. which was probably the case, but i still lost a fuck load of potential profits paying for the contacts in BTC. I got my bitcoins hashed to bit by the cloud.  |
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Norway
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April 15, 2015, 02:15:42 PM |
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Maybe they are highlighted to show that they are both tied at the top. Or they both raised their bids recently. No something is different... didn't do that before. Bids are increasinng there as well. Yes, the highest bid is 370 USD / BTC now  |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 15, 2015, 02:16:09 PM |
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new poll
"Even if there is a long squeeze price will bounce back to:"
i vote >220, because if there is a long squeeze at this price, i see that as the final move of the bear market, and then the only way is UP, so immediately coming back to 220ish then starting a gr8 never ending bull run, makes sense.
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Wings1987
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April 15, 2015, 02:22:19 PM |
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yup my cloudhashing miner will be shutdown as well. Dear Cloudhashing customer:
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount. i owe them 30$ its a sad day for cloud mining When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins. This argument always bothers me though I can see why people may think this way. If prices are on the rise and you invest 50 BTC in cloud mining and 6 months from now it is 60 BTC, aren't you better off than buying 50 BTC? Now granted you run the risk of your 50 BTC becoming 20 BTC. If prices are declining - why buy coins or cloud hashing? |
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bitgeek
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April 15, 2015, 02:23:25 PM |
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When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell). |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 15, 2015, 02:23:41 PM |
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Maybe they are highlighted to show that they are both tied at the top. Or they both raised their bids recently. No something is different... didn't do that before. Bids are increasinng there as well. Yes, the highest bid is 370 USD / BTC now green means GO |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 15, 2015, 02:31:58 PM |
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yup my cloudhashing miner will be shutdown as well. Dear Cloudhashing customer:
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount. i owe them 30$ its a sad day for cloud mining When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins. This argument always bothers me though I can see why people may think this way. If prices are on the rise and you invest 50 BTC in cloud mining and 6 months from now it is 60 BTC, aren't you better off than buying 50 BTC? Now granted you run the risk of your 50 BTC becoming 20 BTC. If prices are declining - why buy coins or cloud hashing? if price is on the rise difficulty is sure to follow if not lead, so its nearly impossible that your 50BTC investment will end up bringing back 60BTC I hardly got a ROI in dollar terms... ( calculating the $ value of the bitcoins used to pay the contracts ( @90$/BTC ), and the dollar value of the coins today) actually i think i'm not even in the green if i sold my minted coins today, i got fucked royally! |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 15, 2015, 02:33:40 PM |
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Dam I just noticed that dump during the night on bearstamp
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josef2000
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April 15, 2015, 02:35:32 PM |
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When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell). I tried trading when the price was somehow stable (about 1-10$ bumps). But I never managed to make profit from it, because of the high fees. I didnt have much capital, only 0.5 btc and managed to only make 10$ in 2 weeks. Am I doing something wrong or is my capital just too small? |
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nioc
Legendary
Offline
Activity: 1624
Merit: 1008
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April 15, 2015, 02:36:25 PM |
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new poll
"Even if there is a long squeeze price will bounce back to:"
i vote >220, because if there is a long squeeze at this price, i see that as the final move of the bear market, and then the only way is UP, so immediately coming back to 220ish then starting a gr8 never ending bull run, makes sense.
I know it's included in >220 but I'm surprised 32,000 wasn't an option.  you guys are kinda schizophrenic  |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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April 15, 2015, 02:37:41 PM
Last edit: April 15, 2015, 03:06:30 PM by empowering |
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Maybe they are highlighted to show that they are both tied at the top. Or they both raised their bids recently. No something is different... didn't do that before. Bids are increasinng there as well. There is a key at the bottom (MMID= Marketmakers I.D) Level 2 Quote Montage: MMID - OTC Link Inside Quote (market maker quotation published in OTC link that meets the inside market ) MMID - OTC Link Quote (market maker quotation published in OTC Link) cMMID - Closed Quote U - Unpriced Quote (unpriced quote in OTC Link ) MMIDu - Unsolicited Quote (unsolicited market maker quotation published in OTC link) = There is no central "exchange" for securities that trade in the OTCQX, OTCQB and OTC Pink marketplaces; therefore, broker-dealers must communicate and trade directly with other broker-dealers. In order to notify other broker-dealers that they are willing to trade a security at a particular price, broker-dealers post their "quotes" on an Inter-dealer Quotation system, such as OTC Link ATS. The aggregation and ranking of these quotes defines the ‘market’ for a security. The highest "bid" (purchase price) and lowest ‘ask or offer’ (sale price) becomes the "inside market" or NBBO the National Best bid and offer. An "inside" market is defined by OTC Markets Group as two priced quotation on the respective side of the market (either bid or ask). If the security does not satisfy this requirement then "No Inside" will be displayed on www.otcmarkets.com |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 15, 2015, 02:43:26 PM |
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When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell). I tried trading when the price was somehow stable (about 1-10$ bumps). But I never managed to make profit from it, because of the high fees. I didnt have much capital, only 0.5 btc and managed to only make 10$ in 2 weeks. Am I doing something wrong or is my capital just too small? .5 is to small unless you use leverage but with that it's to dangerous |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 15, 2015, 02:54:22 PM |
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When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell). I tried trading when the price was somehow stable (about 1-10$ bumps). But I never managed to make profit from it, because of the high fees. I didnt have much capital, only 0.5 btc and managed to only make 10$ in 2 weeks. Am I doing something wrong or is my capital just too small? .5 is to small unless you use leverage but with that it's to dangerous making 10$ trading 0.5BTC isn't half bad, whats that like 5% in 2 weeks? not bad, pretty good. |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 15, 2015, 02:58:20 PM |
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yup my cloudhashing miner will be shutdown as well. Dear Cloudhashing customer:
Due to the changed financial viability of our cloud mining service, we have decided to increase the management fees associated with the service to USD $0.15 (15 cents) per gigahash per month. This amount ($15.00 per month) will be deducted directly from your mining earnings. If your mining earnings are not sufficient to cover the management fees, you will be invoiced for the remainder amount. i owe them 30$ its a sad day for cloud mining When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins. I was thinking they could provide me with the best possible $/GH that i could ever achieve on my own. which was probably the case, but i still lost a fuck load of potential profits paying for the contacts in BTC. I got my bitcoins hashed to bit by the cloud. I'm not saying it's impossible right now, but eventually, when the market stabilizes, even at a higher level, the margins will get squeezed such that there is now room for an extra link in the chain. Though I wouldn't recommend it now either. If you live in Canada I am sure there is some poorly utilized industrial estate that is struggling with heating bills. Talk with the owner about letting you install some machines there and just pay for electricity usage and it shouldn't be impossible to mine a bit on the side. |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 15, 2015, 02:58:23 PM |
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bitgeek
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April 15, 2015, 02:58:34 PM |
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When the dust settles there is no room for cloud mining. For cloud mining to makes sense you're dependent on ever increasing prices. And if you think prices will shoot up like that you should probably just buy coins.
Wrong. Both mining and cloud mining are the most effective when prices are stable. This way you can profit even if there's completely no price movement for a year. If the value goes up holding becomes more profitable and if the prices go down both mining and trading become unprofitable. The only thing that can bring you profit in such case is trading (waiting for small bounces and bull traps to sell). I tried trading when the price was somehow stable (about 1-10$ bumps). But I never managed to make profit from it, because of the high fees. I didnt have much capital, only 0.5 btc and managed to only make 10$ in 2 weeks. Am I doing something wrong or is my capital just too small? .5 is to small unless you use leverage but with that it's to dangerous That's right. With 0.5 invested and a $10 bump, in an ideal situation, you'll get $5 -tax. It's not worth it really, unless you're doing it to learn. You can of course profit on these small moves, most traders do, but the more coins you have the better. |
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Poll
