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

[gentlemand]

I dunno, I dumped it. Dev team can't even secure their Github.

Perhaps with everyone waiting for a pump, there simply won't be one this time?

Coins without blockchains that even work in the slightest have pumped in the past. Fibrecoin on Poloniex is an example.

[posi]

Next Big Bang episode about BTC should push it well above $10k from all the attention. Good time to sell.

https://www.youtube.com/watch?time_continue=12&v=tr3KLCDAlnU

Yes, it good time to sell but I don't think the price per bitcoin will push it above $10,000 this week because the price seems to be up and down around the $9500-$9700 price range for hours.

[gembitz]

I found more upcoming forks. here is a list of coming forks I know of:

Nov 25, 2017 - Bitcoin Diamond (#BTD)
Dec 17, 2017 - Super Bitcoin (#SBTC)
Jan 2, 2018 - Bitcoin Cash Plus (#BCP)
Jan 28, 2018 - B2X reattempt by the community (#B2X)

I like Bitcoin Cash Plus  

C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash?

I'm in

For something different I would try Bitcoin Tethers: supposedly full-reserve non-redeemable bitcoin as-ifs pegged 1:1.

How come nobody thought of that!

i will buy some mining rig (oh wait, there is still my BFL order that was supposed to be shipped in two weeks^TM) and then I will fork BTL.
no, BTL stands for BITCOIN LAMBO. and hell, yeah I will peg it to one lambo per coin. of course it will be not an old fashioned proof-of-work but proof-of-speed coin.

does the lambo have a liquid cooled asic under the hood? :-D weee

[Imbatman]

We know that Bitcoin will be featured on this week's episode of The Big Bang Theory, but how many of you watch Showtime's Shameless?

Fiona just rented an apartment to a tech guy that moved in a bunch of equipment, and he alluded to the fact that the primary reason he rented it was because utilities were included.  I've got .01 BTC that says we will later learn that he is mining with a bunch of rigs and is going to cause Fiona's electric bill to go through the roof.

Any takers?

[Torque]

Jan 28, 2018 - B2X reattempt by the community (#B2X)

Are you fuking kidding me??

Core already said that a 2X bump was possible sometime mid 2018 with proper testing. So at what point do we all agree that these forks are contentious and evil, and the people behind them should be dragged to the square and publicly stoned?

They should at least be humiliated and shunned by all of the Bitcoin community. Given no quarter.

You reap what you sow.

[yefi]

Coins without blockchains that even work in the slightest have pumped in the past. Fibrecoin on Poloniex is an example.

The price is high already for a shitcoin really. I'm thinking the chart will look more like Byteball's - huge price to begin with due to limited knowledge and hassle of claiming coins, then a huge dump.

Could be wrong, but that's my gamble.

[HairyMaclairy]

I vote for the next fork to be called Bitcoin Cash Dash

[RayX12]

Can someone check these numbers?

"The study states that in October alone, Bitcoin mining-related electricity consumption is estimated to have increased by 29.98 percent, and if it keeps increasing at this rate, Bitcoin mining will consume all the world's electricity by Feb. 2020."   

https://www.dailysabah.com/finance/2017/11/27/electricity-used-in-bitcoin-mining-surpasses-power-consumption-of-159-countries

[kurious]

I vote for the next fork to be called Bitcoin Cash Dash

Scamtastic!  Launch it, they will come.  Probably.

[Ibian]

Can someone check these numbers?

"The study states that in October alone, Bitcoin mining-related electricity consumption is estimated to have increased by 29.98 percent, and if it keeps increasing at this rate, Bitcoin mining will consume all the world's electricity by Feb. 2020."   

https://www.dailysabah.com/finance/2017/11/27/electricity-used-in-bitcoin-mining-surpasses-power-consumption-of-159-countries

You don't even need to check anything with sensationalist claims like that. Shit article by a shit author.

[AlcoHoDL]

BTL:
THE LAMBOMAKER

[gentlemand]

if it keeps increasing at this rate, Bitcoin mining will consume all the world's electricity by Feb. 2020."   

Sounds like this has just been summoned once again.

[savetherainforest]

If you still hold BCH...

Would rather keep my dignity intact, TBH.

EDIT: LOL @

why i'm not surprised))
https://www.youtube.com/watch?v=OJT2CbfHTpo&feature=youtu.be&t=41m14s

HA! ... LOL! ... ROFL!...

I still have mine... I'm too lazy to split my cold storage. But I'm thinking to trade on it when the dust settles and it becomes predictable, just for fun.

But the man seems like a nerdy prick that is very shallow and with low experience at playing life, ethics and wisdom. I would compare him to some Paris Hilton kind of gall / figure.
A plastic mindless dummy.

[vroom]

Can someone check these numbers?

"The study states that in October alone, Bitcoin mining-related electricity consumption is estimated to have increased by 29.98 percent, and if it keeps increasing at this rate, Bitcoin mining will consume all the world's electricity by Feb. 2020."   

https://www.dailysabah.com/finance/2017/11/27/electricity-used-in-bitcoin-mining-surpasses-power-consumption-of-159-countries

if you don't have enough bitcoin by 2020 you are screwed. You will not be able to pay the high electricity cost for your apartment.

[Torque]

Can someone check these numbers?

"The study states that in October alone, Bitcoin mining-related electricity consumption is estimated to have increased by 29.98 percent, and if it keeps increasing at this rate, Bitcoin mining will consume all the world's electricity by Feb. 2020."   

https://www.dailysabah.com/finance/2017/11/27/electricity-used-in-bitcoin-mining-surpasses-power-consumption-of-159-countries

You don't even need to check anything with sensationalist claims like that. Shit article by a shit author.

Light Pollution in the U.S. alone: 120 terawatt-hours/year

Bitcoin Network: 29.05 terrawatt-hours/year (Confirmation? Some articles cite 11 Twh/yr ?)

CERN Hadron Collider:  1.3 terrawatt-hours/year

Yeah, let's get the global light pollution levels solved first before we start considering Bitcoin energy consumption a problem...

[gembitz]

If you still hold BCH...

Would rather keep my dignity intact, TBH.

EDIT: LOL @

why i'm not surprised))
https://www.youtube.com/watch?v=OJT2CbfHTpo&feature=youtu.be&t=41m14s

HA! ... LOL! ... ROFL!...

I still have mine... I'm too lazy to split my cold storage. But I'm thinking to trade on it when the dust settles and it becomes predictable, just for fun.

But the man seems like a nerdy prick that is very shallow and with low experience at playing life, ethics and wisdom. I would compare him to some Paris Hilton kind of gall / figure.
A plastic mindless dummy.

Bcash is really getting under his skin .. Ahole coin seems more appropriate :-D LOLLL

[rolling]

Can someone check these numbers?

"The study states that in October alone, Bitcoin mining-related electricity consumption is estimated to have increased by 29.98 percent, and if it keeps increasing at this rate, Bitcoin mining will consume all the world's electricity by Feb. 2020."  

https://www.dailysabah.com/finance/2017/11/27/electricity-used-in-bitcoin-mining-surpasses-power-consumption-of-159-countries

You don't even need to check anything with sensationalist claims like that. Shit article by a shit author.

Light Pollution in the U.S. alone: 120 terawatt-hours/year

Bitcoin Network: 29.05 terrawatt-hours/year (Confirmation? Some articles cite 11 Twh/yr ?)

CERN Hadron Collider:  1.3 terrawatt-hours/year

Yeah, let's get the global light pollution levels solved first before we start considering Bitcoin energy consumption a problem...

Assuming a network at 10 Exahash/10,000 Petahash/10 Million Terahash/10 Billion GH/s and an average miner efficiency of .3 Watts per GH then I come up with 26.28 terrawatt-hours/year. That is about the efficiency of an Antminer S7 but the majority of miners are probably S9s or equivalent so that seems really high. .2 Watts per GH/s would still be high but closer to reality considering other power costs such as cooling. That would bring us down to 17.52 terrawatt-hours/year.

10,000,000,000 GH/s X .2 Watts/GH/s X 24hours X 365days = 17,520,000,000 KW/h or 17,520,000 MW/h or 17.52 TW/h

It's all based on your assumptions and of course the article didn't say what assumptions it used.

[Aqualung89]

I think for 2018, Bitcoin Shan will go bomb like everything is showing him a new record.

[jbreher]

Just the thing needed to send r0ach into additional fits of apoplectic frenzy: https://bitcoen.io/

[Dabs]

We know that Bitcoin will be featured on this week's episode of The Big Bang Theory, but how many of you watch Showtime's Shameless?

Fiona just rented an apartment to a tech guy that moved in a bunch of equipment, and he alluded to the fact that the primary reason he rented it was because utilities were included.  I've got .01 BTC that says we will later learn that he is mining with a bunch of rigs and is going to cause Fiona's electric bill to go through the roof.

Any takers?

Proof of Stake coins?