billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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August 25, 2015, 02:11:31 AM |
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So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
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dreamspark
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August 25, 2015, 02:15:04 AM |
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So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
Forget XT, it's not going to happen. Some version of bip 100 will likely be chosen. XT is a coup to produce some action. Production cost is still below current price. If big enough mines start shutting down you should be far more worried about Bitcoin dying due to how long it would take to find a block than what client is currently running. |
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JimboToronto
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Activity: 3990
Merit: 4460
You're never too old to think young.
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August 25, 2015, 02:15:45 AM |
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is crypto done??  Are you retarded somehow ? Posting the same questions since weeks .... You just noticed? |
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TerraMaster
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August 25, 2015, 02:21:10 AM |
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is crypto done?? Are you retarded somehow ? Posting the same questions since weeks .... You just noticed? lol  |
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JimboToronto
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Activity: 3990
Merit: 4460
You're never too old to think young.
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August 25, 2015, 02:23:33 AM
Last edit: August 25, 2015, 02:41:27 AM by JimboToronto |
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how do ya feel permabulls?  Not quite as good as the middle of January. Now that was a really good buying opportunity. This came close. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 25, 2015, 02:36:28 AM |
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So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
Forget XT, it's not going to happen. Some version of bip 100 will likely be chosen. XT is a coup to produce some action. Production cost is still below current price. If big enough mines start shutting down you should be far more worried about Bitcoin dying due to how long it would take to find a block than what client is currently running. dosnt feel planned out or anything but that appears to be what happened. |
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JimboToronto
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Activity: 3990
Merit: 4460
You're never too old to think young.
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August 25, 2015, 02:39:22 AM |
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It's always the Chartbuddies I really want to see that are broken. I was watching the Yankees/Astros game and missed the action. I check in here to see where we're at and it's already done and back over $200 again. Any chance of getting it fixed and posted in retrospect, Richy? I'd love to see what it looked like. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 25, 2015, 02:58:25 AM |
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208.1  how sad, how very sad. |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 25, 2015, 03:02:24 AM |
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shane
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August 25, 2015, 03:02:36 AM |
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what I miss this time? how can it be 200 $ from $ 270 in 1 week are this problem really bitcoin XT damn i still hold my bitcoin |
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JimboToronto
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Activity: 3990
Merit: 4460
You're never too old to think young.
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August 25, 2015, 03:08:44 AM |
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208.1 how sad, how very sad. Poor Dorian.  He seemed to enjoy the free lunch though.  |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 25, 2015, 03:51:58 AM |
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what I miss this time? how can it be 200 $ from $ 270 in 1 week are this problem really bitcoin XT damn i still hold my bitcoin its alot of things all at once when it rains it pours. |
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TerraMaster
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August 25, 2015, 03:52:46 AM |
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208.1 how sad, how very sad. Poor Dorian. He seemed to enjoy the free lunch though. Ah yes Satoshi Nakamoto, when that crazed reporter first broke that story.... just for a moment I had to wonder,,, what if? lol It would be so cool if the real Satoshi Nakamoto would come out of the dark and make a strong case one way or the other on the Bips. We need our creator  |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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August 25, 2015, 03:55:11 AM |
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So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
Forget XT, it's not going to happen. Some version of bip 100 will likely be chosen. XT is a coup to produce some action. Production cost is still below current price. If big enough mines start shutting down you should be far more worried about Bitcoin dying due to how long it would take to find a block than what client is currently running. My understanding is that BIP 100 requires a miner vote for ANY blocksize increase and then it's only marginal. So imagine the network is bogging down and miners are raking in fees for the big transactions, do you think they will vote to increase blocksize? If you say "yes", are you confident enough to bet your business on it? Your life savings? How is that any better than what we have now? Markets hate uncertainty. We are witnessing that. |
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HostFat
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Activity: 4214
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I support freedom of choice
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August 25, 2015, 04:00:33 AM |
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My understanding is that BIP 100 requires a miner vote for ANY blocksize increase and then it's only marginal.
So imagine the network is bogging down and miners are raking in fees for the big transactions, do you think they will vote to increase blocksize? If you say "yes", are you confident enough to bet your business on it? Your life savings? How is that any better than what we have now? Markets hate uncertainty. We are witnessing that.
Yep. Giving voting power to the miners is another way to change how the network was designed. It's is another bad idea as limiting the block size. |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 25, 2015, 04:02:25 AM |
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aztecminer
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Activity: 1092
Merit: 1000
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August 25, 2015, 04:02:54 AM |
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So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
depends on how you look at it... in the usa the cheaper you mine bitcoins at the cheaper is your income taxes u pay on them . i think the cheaper the coins causes difficulty to drop as well . i dont mine coins, i only trade.. i just happen to know a lil bit about it.. lol. |
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aztecminer
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Activity: 1092
Merit: 1000
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August 25, 2015, 04:07:07 AM |
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what I miss this time? how can it be 200 $ from $ 270 in 1 week are this problem really bitcoin XT damn i still hold my bitcoin very simple really... you happen to be on "the roller coaster that makes the previous roller coaster nothing" --adam gubereuz |
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Monopoly
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August 25, 2015, 04:09:50 AM |
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Trade on bitcoin has a lot of stress because there is no science behind it ............ so when every one sells his/her coins ,, he or she never back to the market again ......... end of bitcoin's story
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TerraMaster
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August 25, 2015, 04:10:04 AM |
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So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
depends on how you look at it... in the usa the cheaper you mine bitcoins at the cheaper is your income taxes u pay on them . i think the cheaper the coins causes difficulty to drop as well . i dont mine coins, i only trade.. i just happen to know a lil bit about it.. lol. I have filed taxes last 2 years showing Bitcoin income $$ from mining and also deducted the cost of equipment, repairs and electricity as expenses. No problems yet lol and Cheaper coins will cause some miners to turn off their machines because they can not reach a break even on cost anymore until price comes up, resulting in an lower adjusted difficulty, so yes.  |
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