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Question: Did we reach the bottom already?
Yes - 60 (50%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25813605 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. (170 posts by 5 users with 9 merit deleted.)
Last of the V8s
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March 24, 2018, 09:46:26 AM
Last edit: March 24, 2018, 09:59:09 AM by Last of the V8s

the latest hardware from Bitmain would take an investment of $2,366,417.19 USD or about 250 BTC to secure a quantity of 1,020 S9 13.5 TH ASIC mining units.


Pretty sure you could get 1k S9's from Bitmain at somewhat less than retail.
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Sitarow
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March 24, 2018, 09:59:03 AM
Last edit: March 24, 2018, 10:18:46 AM by Sitarow

Pretty sure you could get 1k S9's from Bitmain at somewhat less than retail.

Honestly you would get a better deal from bitfury.

However pay attention to the return even with free power and hardware.

For some hardly worth getting out of bed.

Edit: if you do factor the overhead of real life operating costs minus hardware and power costs. You also have taxable gains and since you have no hardware and power costs you can't claim those operating costs that normaly lower the tax burden.
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March 24, 2018, 10:19:02 AM

Pretty sure you could get 1k S9's from Bitmain at somewhat less than retail.

Honestly you would get a better deal from bitfury.

However pay attention to the return even with free power and hardware.

For some hardly worth getting out of bed.

Edit: if you do factor the overhead of real life operating costs minus hardware and power costs. You also have taxable gains and since you have no hardware and power costs you can't claim that to lower the tax burden.
Yes I like your tax points.

What's so weird is bitmain's gear has never been predicted to be profitable, by your or anyone's mining calculators. Yet maybe 6 out of 10 (of the proper ones) have been absolute beasts, printing money worse than the Fed, and resale values on ebay are wtf madly profitable anyway. In the end, I trusted them to price gear correctly more than my own calculations. But that era is over, with boards conking out more and more often, and altcoin asics ruling the roost.
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March 24, 2018, 10:27:39 AM

Pretty sure you could get 1k S9's from Bitmain at somewhat less than retail.

Honestly you would get a better deal from bitfury.

However pay attention to the return even with free power and hardware.

For some hardly worth getting out of bed.

Edit: if you do factor the overhead of real life operating costs minus hardware and power costs. You also have taxable gains and since you have no hardware and power costs you can't claim that to lower the tax burden.
Yes I like your tax points.

What's so weird is bitmain's gear has never been predicted to be profitable, by your or anyone's mining calculators. Yet maybe 6 out of 10 (of the proper ones) have been absolute beasts, printing money worse than the Fed, and resale values on ebay are wtf madly profitable anyway. In the end, I trusted them to price gear correctly more than my own calculations. But that era is over, with boards conking out more and more often, and altcoin asics ruling the roost.

There is larger more efficient hardware that is not practical for home grown operations that are more efficient j/gh than is listed in the chart.
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March 24, 2018, 10:35:47 AM

such death cross very non-event
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March 24, 2018, 10:46:56 AM

such death cross very non-event

Hasn’t crossed yet yes?   They are saving it for Saturday night. 
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March 24, 2018, 10:47:42 AM

That's not true at all.  The variable of liquidity alone forces it into a TBTF mega-bank model. 

Wut? Who prevents you from buying bitcoins now and be as liquid as you wish in the future?
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March 24, 2018, 10:49:45 AM

such death cross very non-event

Hasn’t crossed yet yes?   They are saving it for Saturday night. 
No it hasn't. I just guess certain people are waking up, looking at their chart, and pre-empting the perceived future pain.
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March 24, 2018, 10:53:58 AM

we're maybe under the SMA200 daily


but were spot on the daily SMA250, currently not expecting much movement


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March 24, 2018, 11:06:21 AM

Right.  Well if we have crossed it apparently no one gives a shit. 
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March 24, 2018, 11:10:07 AM

Hmmm

OFAC to blacklist Bitcoin addresses. 

https://www.coindesk.com/goodbye-fungibility-ofacs-bitcoin-blacklist-remake-crypto/
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March 24, 2018, 11:11:26 AM

Rice is weird. I'll eat it if it's there, but I never go out of my way to look for it.
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March 24, 2018, 11:12:41 AM

Nice whale panda ;-)

On a serious note: the most disappointing thing about the @Satoshis_Vision conference so far is that it looks like Roger, Jihan & friends don't even seem to have enough money anymore to at least bother trying to pump $BCH a bit.
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March 24, 2018, 11:14:12 AM
Merited by edgar (1)

I went to r/BTC today to check the vibe. Place is a graveyard man.  Most of the posts on the front page have less than 50 upvotes.

I haven’t seen any crowd shots at the bcash lol convention but what I have seen looks like 20 people there.
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March 24, 2018, 11:19:47 AM

in which Joe Ciccolo, the president of BitAML, Inc., a compliance service provider and Andrew Hinkes, an adjunct professor at the NYU Stern School of Business and NYU School of Law flounder about misunderstanding bitcoin.
https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_compliance.aspx#vc_faqs
561. How will OFAC use its existing authorities to sanction those who use digital currencies for illicit purposes?
562. How will OFAC identify digital currency-related information on the SDN List?

in which the USG flounders about misunderstanding bitcoin
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March 24, 2018, 11:22:33 AM

we're maybe under the SMA200 daily

not on cryptowat.ch or tradingview. bitstamp or bitfinex
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March 24, 2018, 11:27:32 AM

I get that he’s just making an innocent joke but the autism is strong with this one.

HairyMaclairy
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March 24, 2018, 11:34:54 AM

in which Joe Ciccolo, the president of BitAML, Inc., a compliance service provider and Andrew Hinkes, an adjunct professor at the NYU Stern School of Business and NYU School of Law flounder about misunderstanding bitcoin.
https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_compliance.aspx#vc_faqs
561. How will OFAC use its existing authorities to sanction those who use digital currencies for illicit purposes?
562. How will OFAC identify digital currency-related information on the SDN List?

in which the USG flounders about misunderstanding bitcoin

A lot of this already happening.  OTC traders won’t accept tainted coins.  Exchanges will brick you if you send them tainted coins.  Anyone who uses tumblers is an idiot - you probably get worse than what you started with. 
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March 24, 2018, 11:46:54 AM

we are indeed overrun with flatearthers, socialists, furries and the rest
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March 24, 2018, 11:48:50 AM

First ever overt ASIC Boost block. Bearish for Jihan.  




Google Trends 30 day “Bitcoin” searches seem to have stabilized. Previously they have been declining since peak.  Bullish.

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