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Asrael999
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March 12, 2018, 01:08:52 PM |
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Indeed. Now I need to go away and think about what that might mean in crypto. What if miners had to pay a fee to mine but that was their entry ticket to a prize pool? What does that mean in game theory terms?
Miners do pay a fee to mine, hardware cost and electricity cost. |
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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March 12, 2018, 01:09:29 PM |
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Hardware is paid once up front, not per guess, and electricity is free in certain places.
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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March 12, 2018, 01:31:13 PM |
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 @manwithnoname49 5m5 minutes ago Hold strong guys! |
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Torque
Legendary
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Activity: 3542
Merit: 5039
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March 12, 2018, 01:45:02 PM |
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Gotta be honest, those 3 recent bull flags look fake as hell. I wouldn't be shocked to see another dip sometime later.
Won't change my strategy though. Buy and hodl!
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Torque
Legendary
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Activity: 3542
Merit: 5039
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March 12, 2018, 02:05:41 PM |
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Hardware is paid once up front, not per guess, and electricity is free in certain places.
Even in places like China where electricity is extremely cheap, miners often have to sign 6-12 month power contracts in advance. |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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March 12, 2018, 02:08:18 PM |
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Asrael999
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March 12, 2018, 02:11:01 PM |
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Hardware is paid once up front, not per guess, and electricity is free in certain places.
I don't really see that as different to buying say 10,000 scratch cards in one go. The major difference is that your scratch card's odds of winning don't change (mainly for the worse) every 2016 guesses. |
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jojo69
Legendary
 Online
Activity: 3150
Merit: 4309
diamond-handed zealot
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March 12, 2018, 02:16:39 PM
Last edit: March 12, 2018, 02:44:51 PM by jojo69 |
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Don't feel too guilty. Our rektonings will come.  that... that is brilliant |
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mike4001
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March 12, 2018, 02:38:33 PM |
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AND DOWN SHE GOES.
Sheeit.
lol OK I give up. |
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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March 12, 2018, 02:42:09 PM |
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What fixed the transaction backlog btw, did the major exchanges go segwit?
Some seem to think that they slapped the bogeyman Coinbase into shape -- they are now batching the outputs for multiple parties into single transactions. Segwit tx's in general count for some small portion. OTOH, the majority could be a simple reduction in demand. |
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jojo69
Legendary
Online
Activity: 3150
Merit: 4309
diamond-handed zealot
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March 12, 2018, 02:46:53 PM |
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that's exactly the difference isn't it?... the Libtard looters went to "occupy" Wall St. because they wanted a cut of the looting action
I disagree. A lot of folks just want the opportunity to keep the fruits of their own labor. |
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Jacques_Bittard
Member
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Activity: 154
Merit: 10
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March 12, 2018, 02:47:38 PM |
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I think that the next couple of weeks will be amazing! (for me at least)  |
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d_eddie
Legendary
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Activity: 2478
Merit: 2895
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March 12, 2018, 03:03:11 PM |
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Oh Corny, my swingin' lady.
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williamrobinson57
Newbie
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Activity: 2
Merit: 0
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March 12, 2018, 03:03:41 PM |
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did any one before tried Mc signals ?
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fortune143
Member
Offline
Activity: 87
Merit: 13
favours the true
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March 12, 2018, 03:11:58 PM |
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AND DOWN SHE GOES.
Sheeit.
You were like totally right about those fakeouts, I thought the same mid-way through yesterday. Totally based off of nothing at all, I reckon this might be the top of the dead cat bounce and we're on our way to capitulation town. If so then I'll see you by the next halvening for sure. |
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JimboToronto
Legendary
Offline
Activity: 3990
Merit: 4457
You're never too old to think young.
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March 12, 2018, 03:12:53 PM |
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Good morning Bitcoinland.
I see the weekend rally is over... currently $9283USD/$11904CAD (Bitcoinaverage).
Was it perhaps because the Gox bankruptcy dump was put on hold for the weekend?
Hope I don't need any emergency cash. I hate to sell any time. I'd especially hate to have to sell now with the price so low.
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jojo69
Legendary
Online
Activity: 3150
Merit: 4309
diamond-handed zealot
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March 12, 2018, 03:15:22 PM |
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target 8700
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greensheep
Member
Offline
Activity: 278
Merit: 44
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March 12, 2018, 03:15:39 PM |
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Gotta be honest, those 3 recent bull flags look fake as hell. I wouldn't be shocked to see another dip sometime later.
Won't change my strategy though. Buy and hodl!
You got that right! |
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