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

[ChartBuddy]

Coin
Explanation

[Mervyn_Pumpkinhead]

It's Huobi the anchor chain again. Must be the big Chinese mining pools still dumping coins. Don't they know the rest of the world is revving for the next bull run?

I think that you should explain it to them, that instead of selling bitcoins, they should sell their and their loved ones kidneys. That's how they could pay off some of the loans and electric bills, that have been accumulating throughout 2014.

[dillpicklechips]

Bitcoin wisdom still not working for me. Anyone found a fix? Or is wisdom dead for now?

Try www.vpngate.net and connect to a server from Japan. Worked for me on my desktop.

or

How to fix the bug in chrome:


Wait for error
Hit Control+Shift+j
enter command:

window.$host = "s2.bitcoinwisdom.com"

[cheekychap]

It's Huobi the anchor chain again. Must be the big Chinese mining pools still dumping coins. Don't they know the rest of the world is revving for the next bull run?

I think that you should explain it to them, that instead of selling bitcoins, they should sell their and their loved ones kidneys. That's how they could pay off some of the loans and electric bills, that have been accumulating throughout 2014.

Are these mining places even profitable any more ? I thought after the price fell, then even people getting free electricity aren't profitable.

[DaRude]

It's Huobi the anchor chain again. Must be the big Chinese mining pools still dumping coins. Don't they know the rest of the world is revving for the next bull run?

I think that you should explain it to them, that instead of selling bitcoins, they should sell their and their loved ones kidneys. That's how they could pay off some of the loans and electric bills, that have been accumulating throughout 2014.

Are these mining places even profitable any more ? I thought after the price fell, then even people getting free electricity aren't profitable.

If they're still profitable at $200 i can't imagine the parties they threw when BTC hit $1200

[ChartBuddy]

Coin
Explanation

[cheekychap]

It's Huobi the anchor chain again. Must be the big Chinese mining pools still dumping coins. Don't they know the rest of the world is revving for the next bull run?

I think that you should explain it to them, that instead of selling bitcoins, they should sell their and their loved ones kidneys. That's how they could pay off some of the loans and electric bills, that have been accumulating throughout 2014.

Are these mining places even profitable any more ? I thought after the price fell, then even people getting free electricity aren't profitable.

If they're still profitable at $200 i can't imagine the parties they threw when BTC hit $1200

Yeah true .
Just read on another thread that these miners used to earn around 100 coins last year, that must have been crazy at the price of 1000$.

[Harmonica]

It's Huobi the anchor chain again. Must be the big Chinese mining pools still dumping coins. Don't they know the rest of the world is revving for the next bull run?

I think that you should explain it to them, that instead of selling bitcoins, they should sell their and their loved ones kidneys. That's how they could pay off some of the loans and electric bills, that have been accumulating throughout 2014.

Are these mining places even profitable any more ? I thought after the price fell, then even people getting free electricity aren't profitable.

If they're still profitable at $200 i can't imagine the parties they threw when BTC hit $1200

Yeah true .
Just read on another thread that these miners used to earn around 100 coins last year, that must have been crazy at the price of 1000$.

The link below is to a short doc on a mining rig in China that was just released.  According to the video, as of October 2014, this group was earning

https://www.youtube.com/watch?v=K8kua5B5K3I


The link below is to a short doc on a mining operation in China that was just released.  According to the video, as of October 2014, this group was earning 4050 bitcoins a month.

https://www.youtube.com/watch?v=K8kua5B5K3I

[Newar]

It's Huobi the anchor chain again. Must be the big Chinese mining pools still dumping coins. Don't they know the rest of the world is revving for the next bull run?

I think that you should explain it to them, that instead of selling bitcoins, they should sell their and their loved ones kidneys. That's how they could pay off some of the loans and electric bills, that have been accumulating throughout 2014.

Are these mining places even profitable any more ? I thought after the price fell, then even people getting free electricity aren't profitable.

A bit simplified, but say an underclocked SP20 at 1.2 TH/s uses 1000W. That would (at current difficulty) mine ~0.445 BTC or (at todays prices) $100 per month. If you consider the hardware as a sunk cost, you will be even with a electricity rate of 14 US cents (3.36 per day). At 10 cents you'd ROI your hardware after ten months. If you have free electricity you'd ROI would be 4 to 5 months.

Of course there are some other factors, but that is the basic picture.

[ChartBuddy]

Coin
Explanation

[BTCat]

Question:   There will be another bear raid, bring us sub 200$ coins in February
yes   - 203 (42%)
no   - 237 (49.1%)
idk   - 43 (8.9%)
Total Voters: 483

I've voted no but it might dip $190 - $200, would you call that a bearraid? Imo it will be the last move before some serious bull comes in.

[ChartBuddy]

Coin
Explanation

[Sitarow]

Question:   There will be another bear raid, bring us sub 200$ coins in February
yes   - 203 (42%)
no   - 237 (49.1%)
idk   - 43 (8.9%)
Total Voters: 483

I've voted no but it might dip $190 - $200, would you call that a bearraid? Imo it will be the last move before some serious bull comes in.

5:15AM EST





5:19AM EST



5:25AM EST

[findftp]

Where are the rockets?
We definitely have had the bottom.
This is some panic short covering.

[SnokkomBTC]

Where are the rockets?
We definitely have had the bottom.
This is some panic short covering.

Nice buy @ Bitfinex

[Morecoin Freeman]

Someone just bought all the coins.

[JorgeStolfi]

Bitcoin wisdom still not working for me. Anyone found a fix? Or is wisdom dead for now?

Try www.vpngate.net and connect to a server from Japan. Worked for me on my desktop.

The maintainer just posted that the US server is down, but the EU server is OK. (Brazil is part of the EU it seems.  ) See the "Send feedback" link at the bottom of the chart.

[BTCat]

Someone just bought all the coins.

Inlcuding the one I have on sale for $500,000 ?

[JorgeStolfi]

The link below is to a short doc on a mining rig in China that was just released.  According to the video, as of October 2014, this group was earning
https://www.youtube.com/watch?v=K8kua5B5K3I

The article about that visit was published last year already.  

BTC was ~350 USD last October, BTW.  As shown in the video, they were decomissioning miners of a specific brand and model because they were no longer profitable.  Is it possible to estimate, from that fact, what are their operating costs?

[subtleknife]

This 225-230 pattern is fucking annoying. Are you guys making money out of this?