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deepcolderwallet
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June 01, 2017, 12:31:25 AM |
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This is scary:
Antminer s9
13.th/s
1300w
time to generate 1 BTC with 13.5th/s 175 days
daily power cost at 0.06 cent rate, 1.87 US/day
175 day x 1.87USD =
only 327.25USD power cost to generate one BTC!!!!
Cost of 327USD would be fine at rates like 700-1000USD but hashrate is atleast 3 times too small to support current 2200USD price.
Hashrate has no time to correct this, price will.
How scared you'd be if you suddenly find out that 4 GPUs RX-480 in a simple rig mining ETH and converting to bitcoin AT TODAYS RATES would give you the same amount of Bitcoin as an Antminer S-9? |
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bitserve
Legendary
 Offline
Activity: 1862
Merit: 1539
Self made HODLER ✓
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June 01, 2017, 12:31:32 AM |
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I go out to make a purchase and price rises. Maybe if I spend all my coins price will pump to the moon  possibly the beginning of another period of price rise? Stamp beginning to move, as are the other exchanges. I just don't like sideways movements too much, I'd rather prefer more movement in either direction. This 5% up and down "sideways" is not that bad. I am slowly recovering my pre-dump total value buying and selling small quantities trying to get in synch with the movements. I wouldn't complain if at any time price would just continue its upwards trend (as I am mostly in all the time) but, in the meantime..... |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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June 01, 2017, 12:43:53 AM |
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The transaction fee depends of how much is transferred  Weird coin, ether is it was desperation to be the first for an ico sale. pretty soon they're gonna come down hard on this type of thing. it's not gonna operate with impunity forever. Is it an ICO for another ETH based token? |
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bitserve
Legendary
Offline
Activity: 1862
Merit: 1539
Self made HODLER ✓
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June 01, 2017, 12:47:17 AM |
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Really? Someone paid thousands in fees just get first into an ICO? Crazy times..... |
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European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
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June 01, 2017, 12:48:36 AM |
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Really? Someone paid thousands in fees just get first into an ICO? Crazy times.....
yep. the small fry were paying 100 euro fees and got nowhere. their wallets couldn't pay any more. |
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bitserve
Legendary
Offline
Activity: 1862
Merit: 1539
Self made HODLER ✓
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June 01, 2017, 12:50:28 AM |
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Really? Someone paid thousands in fees just get first into an ICO? Crazy times.....
yep. the small fry were paying 100 euro fees and got nowhere. their wallets couldn't pay any more. THose guys paying 100 euro fees are for sure into the game of "whomever pays more gets it". I would feel more empathy for whomever just paid the regular fee in its ingenuity. ANyways, this is all getting out of hand. |
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bitserve
Legendary
Offline
Activity: 1862
Merit: 1539
Self made HODLER ✓
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June 01, 2017, 01:00:47 AM |
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260BTC wall observed at 2317 on Bitstamp.
/offtopic
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deepcolderwallet
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June 01, 2017, 01:07:20 AM |
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260BTC wall observed at 2317 on Bitstamp.
/offtopic
Confirmed. @2317 |
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
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June 01, 2017, 01:18:01 AM |
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The mini-blowoff to $2700ish, pullback and now sideways consolidation is now showing up on the longer term charts ... currently it's setting up for a continuation of the bull run with the biggest legs up still ahead of us. Next target $3600 region for resistance and staging for probing higher.
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deepcolderwallet
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June 01, 2017, 01:18:21 AM |
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260BTC wall observed at 2317 on Bitstamp.
/offtopic
Confirmed. @2317 Swallowed! |
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bitserve
Legendary
Offline
Activity: 1862
Merit: 1539
Self made HODLER ✓
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June 01, 2017, 01:19:21 AM |
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260BTC wall observed at 2317 on Bitstamp.
/offtopic
Confirmed. @2317 Wow! Wall eated on one single bite: 03:17:36 2318 256.863 |
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deepcolderwallet
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June 01, 2017, 01:20:12 AM |
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260BTC wall observed at 2317 on Bitstamp.
/offtopic
Confirmed. @2317 Wow! Wall eated on one single bite: 03:17:36 2318 256.863 I saw that! Almost fell behind in my chair! |
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bitserve
Legendary
Offline
Activity: 1862
Merit: 1539
Self made HODLER ✓
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June 01, 2017, 01:21:20 AM |
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260BTC wall observed at 2317 on Bitstamp.
/offtopic
Confirmed. @2317 Wow! Wall eated on one single bite: 03:17:36 2318 256.863 I saw that! Almost fell behind in my chair! That's some serious money just for trading (I know there is people with giant stakes in cold wallets). |
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deepcolderwallet
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June 01, 2017, 01:22:38 AM |
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260BTC wall observed at 2317 on Bitstamp.
/offtopic
Confirmed. @2317 Wow! Wall eated on one single bite: 03:17:36 2318 256.863 I saw that! Almost fell behind in my chair! That's some serious money just for trading (I know there is people with giant stakes in cold wallets). Can't it be leverage? EDIT: Like a long position... |
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bitserve
Legendary
Offline
Activity: 1862
Merit: 1539
Self made HODLER ✓
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June 01, 2017, 01:23:48 AM |
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260BTC wall observed at 2317 on Bitstamp.
/offtopic
Confirmed. @2317 Wow! Wall eated on one single bite: 03:17:36 2318 256.863 I saw that! Almost fell behind in my chair! That's some serious money just for trading (I know there is people with giant stakes in cold wallets). Can't it be leverage? Hmmmm, in Bitstamp? P.S.: And mini wall of 50BTC also eated. |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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June 01, 2017, 01:25:54 AM |
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Really? Someone paid thousands in fees just get first into an ICO? Crazy times.....
yep. the small fry were paying 100 euro fees and got nowhere. their wallets couldn't pay any more. Thousands of unconfirmed transactions. But...but..  Sorry for the off-topic. I think we all know honey badger don't care. But this alt thing is getting ugly on a global scale. I can't look away. |
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bitserve
Legendary
Offline
Activity: 1862
Merit: 1539
Self made HODLER ✓
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June 01, 2017, 01:30:42 AM |
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Really? Someone paid thousands in fees just get first into an ICO? Crazy times.....
yep. the small fry were paying 100 euro fees and got nowhere. their wallets couldn't pay any more. Thousands of unconfirmed transactions. But...but.. Sorry for the off-topic. I think we all know honey badger don't care. But this alt thing is getting ugly on a global scale. I can't look away. YOu are disrupting the first on topic conversation we have had in ages  |
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Punisher1314
Member
Offline
Activity: 63
Merit: 10
Smaller fishes can be younger but also smart ;p
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June 01, 2017, 01:33:11 AM |
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I hear the stampede coming in bitstamp. 4200BTC in sell orders one hour ago, 3600BTC right now.
Possible breakout at 2350$ support.
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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June 01, 2017, 01:39:25 AM |
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Really? Someone paid thousands in fees just get first into an ICO? Crazy times.....
yep. the small fry were paying 100 euro fees and got nowhere. their wallets couldn't pay any more. Thousands of unconfirmed transactions. But...but.. Sorry for the off-topic. I think we all know honey badger don't care. But this alt thing is getting ugly on a global scale. I can't look away. YOu are disrupting the first on topic conversation we have had in ages  |
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