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

[Fatman3001]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

We can still make a sha256 based shitcoin and mine the hell out of that.

[NotHatinJustTrollin]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

Don't worry, if price goes down too much some miners will leave, difficulty will decrease and a new equilibrium will be found.

In other words: "We can ride this thing all the way down to $1!"  

[BlindMayorBitcorn]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

We can still make a sha256 based shitcoin and mine the hell out of that.

It won't be the same

[Fatman3001]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

We can still make a sha256 based shitcoin and mine the hell out of that.

It won't be the same

I guess it's not the same challenge for you to troll adolescent shitcoin evangelists.

[rolling]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

It will take until their building leases and data center leases expire. Even if they're losing money, it might still be better than the penalties of breaking a lease. Only people mining from home can afford to shut things off.

[coinableS]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

Don't worry, if price goes down too much some miners will leave, difficulty will decrease and a new equilibrium will be found.

In other words: "We can ride this thing all the way down to $1!"  

Nice! I'll start warming up my 333mhs USB block erupters for the soon to be low difficulty  

[BlindMayorBitcorn]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

We can still make a sha256 based shitcoin and mine the hell out of that.

It won't be the same

I guess it's not the same challenge for you to troll adolescent shitcoin evangelists.

I'm actually one of the good guys I promise. I just sound like a troll

[ChartBuddy]

Coin
Explanation

[bad trader]

BTC China (and Huobi) may still give support.

[SilenceOfTheLamb]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

It will take until their building leases and data center leases expire. Even if they're losing money, it might still be better than the penalties of breaking a lease. Only people mining from home can afford to shut things off.

Untrue.  One can always learn from Bitcoin's best and brightest (Basic Mining, Active Mining, Asick Miner, etc., etc.) and run away

[BlindMayorBitcorn]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

It will take until their building leases and data center leases expire. Even if they're losing money, it might still be better than the penalties of breaking a lease. Only people mining from home can afford to shut things off.

Untrue.  One can always learn from Bitcoin's best and brightest (Basic Mining, Active Mining, Asick Miner, etc., etc.) and run away

If everybody runs away can we all just use these: http://www.coindesk.com/first-plug-in-node-aims-to-boost-bitcoins-network-security/

[SilenceOfTheLamb]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

It will take until their building leases and data center leases expire. Even if they're losing money, it might still be better than the penalties of breaking a lease. Only people mining from home can afford to shut things off.

Untrue.  One can always learn from Bitcoin's best and brightest (Basic Mining, Active Mining, Asick Miner, etc., etc.) and run away

If everybody runs away can we all just use these: http://www.coindesk.com/first-plug-in-node-aims-to-boost-bitcoins-network-security/

Other than being contrary to both Bitcoin's driving principles and human nature (spend money to keep losing money), what can possibly go wrong?

[Fatman3001]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

We can still make a sha256 based shitcoin and mine the hell out of that.

It won't be the same

I guess it's not the same challenge for you to troll adolescent shitcoin evangelists.

I'm actually one of the good guys I promise. I just sound like a troll

That reminds me of the words of the late Sam Kinison: I don't want to come across as an asshole, but I am, so that's how it comes out.

[BlindMayorBitcorn]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

We can still make a sha256 based shitcoin and mine the hell out of that.

It won't be the same

I guess it's not the same challenge for you to troll adolescent shitcoin evangelists.

I'm actually one of the good guys I promise. I just sound like a troll

That reminds me of the words of the late Sam Kinison: I don't want to come across as an asshole, but I am, so that's how it comes out.

Hmmm. Maybe I am a troll. I certainly have a number of defining troll qualities. The more money I lose the funnier it gets. I can't help it

[NotHatinJustTrollin]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

We can still make a sha256 based shitcoin and mine the hell out of that.

It won't be the same

I guess it's not the same challenge for you to troll adolescent shitcoin evangelists.

I'm actually one of the good guys I promise. I just sound like a troll

That reminds me of the words of the late Sam Kinison: I don't want to come across as an asshole, but I am, so that's how it comes out.

Wasn't that Bill Hicks tho?

[Fatman3001]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

We can still make a sha256 based shitcoin and mine the hell out of that.

It won't be the same

I guess it's not the same challenge for you to troll adolescent shitcoin evangelists.

I'm actually one of the good guys I promise. I just sound like a troll

That reminds me of the words of the late Sam Kinison: I don't want to come across as an asshole, but I am, so that's how it comes out.

Hmmm. Maybe I am a troll. I certainly have a number of defining troll qualities. The more money I lose the funnier it gets. I can't help it

That last one was just an apropos. It's the internet. You could be Kris F@cking Kringle for all I know.

[BlindMayorBitcorn]

How cheap do these things have to get before all the miners find new jobs? This is taking forever

We can still make a sha256 based shitcoin and mine the hell out of that.

It won't be the same

I guess it's not the same challenge for you to troll adolescent shitcoin evangelists.

I'm actually one of the good guys I promise. I just sound like a troll

That reminds me of the words of the late Sam Kinison: I don't want to come across as an asshole, but I am, so that's how it comes out.

Hmmm. Maybe I am a troll. I certainly have a number of defining troll qualities. The more money I lose the funnier it gets. I can't help it

That last one was just an apropos. It's the internet. You could be Kris F@cking Kringle for all I know.

I read somewhere that if you were to somehow watch Black Swan backwards Natalie Portman's character would be cured of lunacy by doing it with Mila Kunis...

[Morecoin Freeman]

I want $140 coins already. When will the longs get margin called? 220-210?

[hdbuck]

I want $140 coins already. When will the longs get margin called? 220-210?

Going below 236 can lead to:

Support Level 1 – 219.8
Support Level 2 – 199.7

[BlindMayorBitcorn]

I want $140 coins already. When will the longs get margin called? 220-210?

Going below 236 can lead to:

Support Level 1 – 219.8
Support Level 2 – 199.7

I think we're just waiting around for the Evolution coins to dump?