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

[JayJuanGee]

Still, yes, the energy-cost accounting would be historically interesting.

No need to worry.  We are in good hands since homer is working on it.  

He is quite detail orientated.  

If anyone can get the job done, that would be xhomerx10.  

Jay:  Insightful comments that will probably inspire a short essay.

No.... don't do it.

Is that investment advice to avoid shorting my lifetime at high leverage by posting on an Internet forum?  Confirmed math and science calculate that writing on the Internet brings −99.53088288% ROI.

Well.  I tried talking you out of it, but you seem determined.  

Difficult to stop the distribution and disturbation of a potentially great and purportedly short essay, whose time has come.

[xhomerx10]

Working on it...

 Transferring 10 MB of data uses about the amount of energy in a AA battery which is 0.0039 kWh
Here are the top ten viewed YouTube music videos and the number of times they were viewed (while I compiled this tonight).

Song_Title	_Artist_	_Uniform_Resource_Locator_	_Number_of_Views_
Despacito	Luis_Fonsi_ft._Daddy_Yankee	https://youtu.be/kJQP7kiw5Fk	6965149726
Baby_Shark	PINKFONG	https://youtu.be/XqZsoesa55w	6555048616
Shape_of_You	Ed_Sheeran	https://youtu.be/JGwWNGJdvx8	4974976171
See_You_Again	Wiz_Khalifa_ft._Charlie_Puth	https://youtu.be/RgKAFK5djSk	4721137015
Uptown_Funk	Mark_Ronson_ft._Bruno_Mars	https://youtu.be/OPf0YbXqDm0	3945458571
Gangnam_Style_	PSY	https://youtu.be/9bZkp7q19f0	3782347210
Sorry	Justin_Bieber	https://youtu.be/fRh_vgS2dFE	3338412458
Sugar	Maroon_5	https://youtu.be/09R8_2nJtjg	3281040028
Roar	Katy_Perry	https://youtu.be/CevxZvSJLk8	3172242295
Thinking_Out_Loud	Ed_Sheeran	https://youtu.be/lp-EO5I60KA	3072397098

 The average video play time is ~ 4 minutes which equates to about 40 MB of data transfer per video per view.
The total number of views for the 10 songs above is 43808209188.
This translates to 683408063.3328 kWh of energy for the data transfer alone.  

 I'm just warming up.  Thanks for the confidence and the pressure JJG, it will help me to achieve the optimal level of arousal required to complete my mission.

 Wait, should I even bother to include data transfer for pool mining or just the CPU/GPU/FPGA/ASIC power required for hashing?

  Don't worry @Hueristic.  I'll use the network hash rate in my calculation to ensure the energy usage from all miners is included.

edit: SMF seems to insert superfluous breaks when translating BBcode to HTML.
edit2: Wow.  Tables really suck in BBcode.
edit3: 

[jojo69]

[megadeth]

Very BIG evening update for the shrewd trader who is into the confirmed math and science of trading:

luv you proudhon. never change

[Wexlike]

This translates to 683408063.3328 kWh of energy for the data transfer alone. 

I'm just warming up.  Thanks for the confidence and the pressure JJG, it will help me to achieve the optimal level of arousal required to complete my mission.

Wait, should I even bother to include data transfer for pool mining or just the CPU/GPU/FPGA/ASIC power required for hashing?

Don't worry @Hueristic.  I'll use the network hash rate in my calculation to ensure the energy usage from all miners is included.

Damn, that's the spirit - awesome !

I was thinking of only the power required to run the hash rate. But if transferring the block chain to thousands of different peers at a specific time (different sizes, varying amount of nodes, etc) makes an extra impact to the total power usage, it would be awesome to include it as well for the big picture.

My main idea is to have a given number to show how much raw power was put into building the blockchain, to show that it is not backed by nothing, but that we are building the new digital pyramids.

[AlcoHoDL]

It's pAmping...

Proud, the Honey Badger must be!

[Searing]

Sometimes you haiku.
Other times your ass gets haiku'ed.
Regardless, I hodl.

So the 'purpose' of WO now is to 'taunt' me with 'un-obtainable Women', as well as NOT having the 'huge' pump in BTC/Crypto prices that I desired at the

beginning of this year of 2020.

damn, that is just mean...I mean give me a BTC/Crypto 'pump' to $15k ...and I'd give it a pass...but BOTH....cruel, WO, cruel indeed....

(maybe I need a Cat...Cat people tell me life is better with a Cat...at least you give up the idea of any control in the household with a Cat)...

Brad

 Better get checked for allergies first.  Life with cat if you're allergic sucks ass - trust me.

yeah..allergic to cats.....hot girls allergic to me...the wheel of FUD and despair continues...... ;(

can't even engage in my POW miner addiction anymore of any BTC/Crypto in that makes little sense these days...

oh well, I have WO right? So I'm well adjusted right?

[Wexlike]

xhomerx10, I created a new thread to answer the raw power used to build the Bitcoin blockchain so the discussion won't get buried under thousand of pages.

Would be great if you could contribute your work there !

Here's the thread:

https://bitcointalk.org/index.php?topic=5275873.new#new

[Hueristic]

Working on it...
Don't worry @Hueristic.  I'll use the network hash rate in my calculation to ensure the energy usage from all miners is included.

edit: SMF seems to insert superfluous breaks when translating BBcode to HTML.
edit2: Wow.  Tables really suck in BBcode.
edit3:  

Yeah these tables are rough...

I have no Idea how you can differentiate between base systems, gpu miners, fpgas and asics over time. The overlap is huge and due to locations their profitability is widely varied so you would have to make massive assumptions. Literally this could take a person a lifetime to get within a small tolerance of error.

Not to mention it is widely believed satoshi (and others) used custom FPGAs and how those could be calculated is beyond me.

[xhomerx10]

Working on it...
Don't worry @Hueristic.  I'll use the network hash rate in my calculation to ensure the energy usage from all miners is included.

edit: SMF seems to insert superfluous breaks when translating BBcode to HTML.
edit2: Wow.  Tables really suck in BBcode.
edit3:  

Yeah these tables are rough...

I have no Idea how you can differentiate between base systems, gpu miners, fpgas and asics over time. The overlap is huge and due to locations their profitability is widely varied so you would have to make massive assumptions. Literally this could take a person a lifetime to get within a small tolerance of error.

Not to mention it is widely believed satoshi (and others) used custom FPGAs and how those could be calculated is beyond me.

 It's certainly going to take a while to compile the data we'll need but I think we're going to find that recent mining of blocks far outweighs earlier mining in terms of the power requirement.  My hope is that it will be enough of a difference to make the error very small even with the assumptions that will have to be made.

[Hueristic]

It's certainly going to take a while to compile the data we'll need but I think we're going to find that recent mining of blocks far outweighs earlier mining in terms of the power requirement.  My hope is that it will be enough of a difference to make the error very small even with the assumptions that will have to be made.

I've been dealing with migraines for awhile now and just trying to think on this is making my head hurt,

Good luck man, I can't wait to see what you come up with!

[philipma1957]

It's certainly going to take a while to compile the data we'll need but I think we're going to find that recent mining of blocks far outweighs earlier mining in terms of the power requirement.  My hope is that it will be enough of a difference to make the error very small even with the assumptions that will have to be made.

I've been dealing with migraines for awhile now and just trying to think on this is making my head hurt,

Good luck man, I can't wait to see what you come up with!

we use 5000 to 7000 megawatts an hour for sept 14 2020

which is 120,000 to 168,000 megawatts a day.

based this on

135eh at 50 watts a th that is 6750megawatts an hour

second estimate based on

135eh at 40 watts a th that is 5400 megawatts. an hour.


add five percent for servers, cooling,and network resources.

maybe 5400+270=.  5670 low
and.     6750+ 330= 7100 high


lots of power.


now lazy sloppy number for all time is 168,000/2 x days we mined and i think it will be too high.
i also think 120000/2 x days we mined is too high.

i get those long estimates by using 0 for day one and 168,000 for today which gives an average of 84,000

or the lower one of 0 + 120,000= 120,000/2 = 60000

i am thinking the life long estimates will not be correct. at all.

but the estimate for today sept 14 is decent.

[JayJuanGee]

Don't worry @Hueristic.  I'll use the network hash rate in my calculation to ensure the energy usage from all miners is included.

Whoaza!!! 

I am feeling muchos MOAR buddenings of warm and fuzzie tingilies #nohomo finding out no miner left uncalculated, whether s/he, [they](sic), it be block winner or no.   

[earlier contributions edited out]


......

.......

yeah..allergic to cats.....hot girls allergic to me...the wheel of FUD and despair continues...... ;(

I am glad that this back and forth brainstorming session seems to be working towards identifying the problem (which therefore should lead to potential solutions).

In other words, the problem does not appear to be internal to you, Searing.  It's either las chiquitas or perhaps there is some kind of application that you would be able to apply towards solving such real world issues.

In other words, you should be able to employ some of your BTC towards obtaining some kind of remedy, such as a powder, oil or pheromone that causes las chiquitas to magnetize towards you rather than against you... changing the gravitation field or otherwise moving celestial bodies, if you get what I am saying...  (Disclaimer: Surely, don't go full bill cosby on us, only a mild form of bill cosby (Pg-13 form), if necessary, will do).  

Check back in with the WO brainstormers (advisors) once you have acquired such products (not the snake-oil ones) and attempted applying such solutions towards one or more real life chiquitas.  There might be a movie in this.

[BobLawblaw]

Observing some profit taking in the $10.7k range. Looks like we may be in for a bit of sideways action before $11k.

I give it 24 hours.

[Cryptotourist]

I suppose that that is the difference between a slut and a whore. ;-)

Bingo!

A whore does it for money. She might enjoy or she might not. If it's a male whore - most likely not.
Whereas being a slut, male or female, you do it for the pleasure of things, and the chances of actually enjoying it are exponential.
If you're a whore and a slut, I guess that makes you a model, and I'm no model.


Speaking of models, where is my shorting star?
I swayed yesterday upon her post, but decided to give it a pass.

[Karartma1]

Observing some profit taking in the $10.7k range. Looks like we may be in for a bit of sideways action before $11k.

I give it 24 hours.

Unless some wild Bart Simpson movements will move it up or down in minutes. Let's wait 24 hours: confirmed.

[Last of the V8s]

An interesting question just popped in my mind:
How much kWh was used to create the current Blockchain?
Should be somehow possible to calculate it based on the given mining hardware and mining difficulty.

https://twitter.com/blockbain/status/1305539345991036933



a fair few

[bitcoinPsycho]

[...] caught nearly the exact top(for now anyway )! nice

Im in around 60% profit right now, will take some profit to cover fees in case we go back to my entry to stop me out (moved stop to entry)

Playing with FIRE (not the early retirement one). But good luck to you SS123, nice catch.

How am I playing with fire? I already took profits and set my stoploss as such I cannot lose money anymore, and even if I hadn't caught the top, when my stoploss hit I would've only lost 1%

Nice fantasy

[bitcoinPsycho]

[...] caught nearly the exact top(for now anyway )! nice

Im in around 60% profit right now, will take some profit to cover fees in case we go back to my entry to stop me out (moved stop to entry)

Playing with FIRE (not the early retirement one). But good luck to you SS123, nice catch.

How am I playing with fire? I already took profits and set my stoploss as such I cannot lose money anymore, and even if I hadn't caught the top, when my stoploss hit I would've only lost 1%

Lol I wish i was as clever as you  

[JayJuanGee]

Observing some profit taking in the $10.7k range. Looks like we may be in for a bit of sideways action before $11k.

I give it 24 hours.

I don't see it.

Largely, the BTC price has been moving up for the past week from the low of $9,825 on 9/8, and got us to $10,838, just 5 hours ago...

And sure we had a bit of a correction from $10,571 to $10,215 two days ago on 9/13... but hey.. where are we at now?  bouncing between $10,640 and $10,838 for the past 18 hours..

I would hardly label our current price location as any definitive sideways move, yet... way too early to know or to say... "shucks, it stopped".. whine whine whine...      

Sure 24 hours might give us a wee bit of a better picture upon where we are at... and sure we might still be here, and we might go down and we might go up... that looks like a 33/33/33 to me rather than leaning towards any particular outcome, as I type.

The $10,838 price was a high price from just 5 hours ago, so we just got here.. why cannot we enjoy a bit instead of whining that it stopped?

Furthermore,  we had not seen that level of high price since 9/3.. so seems to be a good thing, and at the current moment, the BTC price seems as if it is in a kind of UP inclination for more than anything.. but, hey, yeah, sure, the UP movement could stop at any moment.. maybe 33/33/33, and that is in the range of expectations that there could be stop of upwards movement when the price had not been here for 12 days.. go figure?

Nothing really to say that the price going up actually stopped or that it is going to stop, and still, we seem to continue to bounce around at a kind of top end of an uncertain price range, as I type.   Stop will it?  maybe 33/33/33 or some close variant of that I will proclaim as another one of those soothsayer wannabes.