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

[pleaseexplainagain]

Any idea how much it costs to mine a coin these days, just before the Halvening?

Curious because I'd like to know what a realistic floor for the price would be based on how much it costs to actually mine a coin.

New equipment is coming out from bitmain https://www.bitmaintech.com/productDetail.htm?pid=0002016052907243375530DcJIoK0654

Electricity cost based on that unit is only like 100 bucks per coin, http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=14000.00&p=1500.00&pc=0.10&pf=0.00&d=209453158595.38100000&r=25.00000000&er=674.90000000

Realistically, I would put a guess around the 400 to 600 range after the halving, no reason to be over 800 max...

Personally, I'm quite happy to see some rationality this time around,

"As low as possible for as long as possible."

I think it should be assumed that for some big miners the cost of electricity is close to zero ie through a range of deals and connections and under the table profit sharing (corruption) they are in reality paying nothing.so the cost to make a bitcoin is more down to the roi on equipment and even then some equipment may be bought using regional or state funding/incentives. My guess the cost produce a bitcoin maybe just $100-$200.

[JayJuanGee]

So at what point can we call this a crash instead of just a "bullish correction"?  lol

Obviously everything from 430 onward was a complete lie.

Are you continuing to act like these are not your own thoughts that you are typing?

Ridiculous.

If a guy played the situation correctly, a lot of money was made between $430 and $778, and even so, prices still remain quite a bit above $430 (as I type $570).  That's about a 33% appreciation.  Nothing to sneeze at.

[marcus_of_augustus]

My guess the cost produce a bitcoin maybe just $100-$200.

my guess is you don't know shit about cost of production, icbw

[Karartma1]

Mornings have been better than this one. Really not nice to see red everywhere. In the last 7 days there has been a -20% change regarding the price.

And I am very curious to see whether the BREXIT vote will affect the market or not

[BlindMayorBitcorn]

Only if you can pay out your nose for it. (Sort of ironic, I guess.)

I don't live in a gated community and there are all different income demographics that live here from those that earn around 5k a year to multimillionares. Many that make 5-10k a year here have a better quality of life than those that make 30-40k in the US as well. You guys need to travel more and try and understand different cultures. I have lived in many countries and certainly don't ever care about returning to the US where I briefly lived for a few years .

If this crash keeps crashing I may have to consider it.

[Spaceman_Spiff]

I think 540-555 might have been the bottom, the only thing bothering me is the fact that BFX longs are still so high...

[toknormal]

We're only back to where we were a couple of weeks ago.

As long as it doesn't turn into a long term bear market where that was the turning point - the final high of bitcoin EVER - and where it drifts down to zero from here, we'll be ok  

[barbs]

I'm looking forward to the second spike that always comes after the big dump (tm)

[SnokkomBTC]

I'm looking forward to the second spike that always comes after the big dump (tm)

you mean something like 680-720? Then down and sideways, before forming triangle?

[DARKHOLDER]

This b better go back up right above 700 soon enough.

is this still correction? 

[uncaer9]

look chinese demand and chinese buy wall is very strong. i think we can back to $700 in nextday

[SnokkomBTC]

and down again...

[Ted E. Bare]

... no, that was yesterday. Today is back up to 650.

[Hyperjacked]

see y'all in 2020, bitches. don't forget to hang cool until then.

Cheers m8

Rock on...

[HairyMaclairy]

and down again...

It better keep going down, I am not finished buying.  

[SnokkomBTC]

and down again...

It better keep going down, I am not finished buying.  

lol, you had enough time... 2014/2015... Now it's time to go up again

[Coinnosaurus]

... no, that was yesterday. Today is back up to 650.

Bro where did you got these numbers??

[Bavaria]

... no, that was yesterday. Today is back up to 650.

Bro where did you got these numbers??

He`s a bull. That`s all 

[Master mind]

FIAT bubble in BTC blockchain soon halving.

Soon

[Fatman3001]

I'm telling you. This rally is over. Dread Pirate Roberts messed up big time. This will not end well.