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nazzer
Member
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Activity: 238
Merit: 11
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March 19, 2018, 01:37:39 AM |
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At current difficulty, mining 1 BTC costs around $3000-$4000 depending on electricity costs - not including capital outlay.
Again...they cost $4000 to mine and they can't make money selling them for $8000? which the fuck is it? It's $3000-$4000 in electricity to mine a bitcoin plus $4000 in equipment costs. The electricity plus mining equipment costs makes it about $8000 to mine a coin. At least that's what cointelegraph says. The mining equipment must be fucking expensive, and miners must need a hell of a lot of it judging by this mine. Looking at the new Canaan Avalon 841 - cost is about $2000+ each, at $8000 it would take ~2 years to recover the cost of the machine. Of course looking at that picture, buying machines in bulk with cheaper electricity they could probably recover the cost in less than a year especially with bitcoin prices fluctuating. Below $7000, miners would probably just turn off their machines and just buy bitcoin instead
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smartcomet
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March 19, 2018, 01:53:23 AM |
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In the spirit of all the on topic charts and sharing going on I have updated my bitcoin difficulty vs mining hardware return sheet with today's bitcoin network difficulty increase. As predicted the 5% average is holding strong. However come Friday with the next wave of hardware being shipped I wonder if the increase network hit will once again ring true that at this price point USD/BTC its best to simply buy BTC instead of mining hardware. That is if profit is your motivation. Typically with crypto mining apart from hardware and infrastructure costs there is ongoing building labour and other miscellaneous overhead that is not being factored in this example. Forgot to include the document link.https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing diff BTC price $ 2015-09-18 59,335,351,234 220 2018-03-18 3,462,542,391,191 (~60X) 8100 (< 220*60=13200)
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Toxic2040
Legendary
Offline
Activity: 1792
Merit: 4141
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March 19, 2018, 02:04:39 AM |
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pfrtlpfmpf
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March 19, 2018, 02:08:08 AM |
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Well good afternoon Bitcoinland. Just got online after successful surgery Friday. I see I missed some excitement while I was away... big dip and big recovery... currently $8172USD/$10700CAD (Bitcoinaverage). It's pretty much back to where it was before I went in. Woke up and decided to fire up the laptop just in time to catch the end of the rally. I guess my bladder alarm still works. Nothing to do now but relax in the Mexican sun and convalesce until I get my sutures removed on Thursday. I can't fly for at least a couple more weeks but at least I can head out to the jungle later this week. I'm currently toothless with very fragile gums after bone grafts to my jaws. Needless to say, I'm on a totally liquid diet. Ever have pork tacos pureed in a blender? Delicious! Did anybody actually read Jimbos post ? Jimbo, i apologise in behalf of all these money orientated people here, they have nothing other than money in their brain. You heartless bunch.
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Rosewater Foundation
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March 19, 2018, 02:10:00 AM |
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You heartless bunch.
Our feels are being measured as we speak. Get well soon Jimbo!
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jojo69
Legendary
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Activity: 3220
Merit: 4387
diamond-handed zealot
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March 19, 2018, 02:13:35 AM |
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the Illuminati eye of Sauron chart and sticking it to our erstwhile absentee public official. I managed to scrape up a real merit.
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scum
Member
Offline
Activity: 83
Merit: 14
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March 19, 2018, 02:20:09 AM |
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Well good afternoon Bitcoinland. Just got online after successful surgery Friday. I see I missed some excitement while I was away... big dip and big recovery... currently $8172USD/$10700CAD (Bitcoinaverage). It's pretty much back to where it was before I went in. Woke up and decided to fire up the laptop just in time to catch the end of the rally. I guess my bladder alarm still works. Nothing to do now but relax in the Mexican sun and convalesce until I get my sutures removed on Thursday. I can't fly for at least a couple more weeks but at least I can head out to the jungle later this week. I'm currently toothless with very fragile gums after bone grafts to my jaws. Needless to say, I'm on a totally liquid diet. Ever have pork tacos pureed in a blender? Delicious! Did anybody actually read Jimbos post ? Jimbo, i apologise in behalf of all these money orientated people here, they have nothing other than money in their brain. You heartless bunch. I find ice cream's easy to eat after having a tooth extraction, and it helps stop any bleeding by freezing wounds. Maybe it also works for bone grafts to the jaws.
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El duderino_
Legendary
Offline
Activity: 2562
Merit: 12414
BTC + Crossfit, living life.
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March 19, 2018, 02:20:43 AM |
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Breaking 24777$ prediction game FINAL LIST 27/12/2017 bikerleszno 29/12/2018 cAPSLOCK 30/12/2017 digithusiast 31/12/2017 Raja_MBZ 01/01/2018 elg 02/01/2018 wachtwoord 03/01/2018 JimboToronto 04/01/2018 d_eddie 05/01/2018 BTCMILLIONAIRE 06/01/2018 HanvanBitcoin 07/01/2018 ghandi 08/01/2018 savetherainforrest 09/01/2018 explorer 10/01/2018 bicoinpsycho 11/01/2018 Bitcoinaire 12/01/2018 speedwheel 13/01/2018 undeadbitcoiner 14/01/2018 northypoale 15/01/2018 ivomm 16/01/2018 maca068 17/01/2018 bitcoinvest 18/01/2018 last of the v8s 19/01/2018 mfort312 20/01/2018 1982dre 21/01/2018 flamast2 22/01/2018 RealMachasm 23/01/2018 willope 24/01/2018 kartala 25/01/2018 orpington 26/01/2018 rolling 27/01/2018 LFC_bitcoin 28/01/2018 jojo69 29/01/2018 CristiTCM 30/01/2018 rayX12 31/01/2018 realsteelboy 01/02/2018 twocorn 02/02/2018 mancroofer 03/02/2018 True Myth 04/02/2018 poolminor 05/02/2018 itod 06/02/2018 scheptan 07/02/2018 vapourminer 08/02/2018 alexeft 09/02/2018 siera 10/02/2018 AlcoHoDL 11/02/2018 Dunkelheit667 12/02/2018 yonton 13/02/2018 Wekkel 14/02/2018 Thekool1s 15/02/2018 starmman 16/02/2018 Globb0 17/02/2018 leveldkrypto 18/02/2018 olesh 19/02/2018 BitCoinBurger 20/02/2018 Paashaas 21/02/2018 flynn 22/02/2018 icygreen 23/02/2018 erisdiscordia 24/02/2018 phil_s 25/02/2018 sirazimuth 26/02/2018 Arriemoller 27/02/2018 yonton 28/02/2018 Muttley 01/03/2018 bones261 02/03/2018 heater 03/03/2018 soullyG 04/03/2018 InvoKing 05/03/2018 Notme 06/03/2018 sa_94 07/03/2018 NUFCrichard 08/03/2018 Imbatman 09/03/2018 Roombot 10/03/2018 STT 11/03/2018 badream 13/03/2018 erre 14/03/2018 julian071 15/03/2018 podyx 17/03/2018 fragout 18/03/2018 fabiorem 21/03/2018 dakustaking76 23/03/2018 nikauforest 31/03/2018 vroom 01/04/2018 somac. 02/04/2018 kurious 04/04/2018 fluidjax 05/04/2018 bitcoinbunny 08/04/2018 tyler1890 10/04/2018 ludwigvon 11/04/2018 hairymaclairy 16/04/2018 practicaldreamer 18/04/2018 free-bit.co.in 27/04/2018 drbrockoin 01/05/2018 sprinkles 02/06/2018 oblox 07/07/2018 IntroVert 03/08/2018 toxic2040 28/08/2018 bitserve 15/10/2018 Yefi 05/11/2018 mikenz 31/12/2018 melman2002 01/01/2019 Spaceman_Spiff_Original 12/02/2019 FractalUniverse 21/04/2019 gentlemand 20/02/2020 romneymoney 18/12/2021 luckygenough56 UPDATE AND GOOD LUCK can't wait to visit all the new hights ..... i'm just not a very patient person only on BTC i remain to stay patient ....... the rewards are so big for just beeing patient
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Rosewater Foundation
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March 19, 2018, 02:29:30 AM |
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Well good afternoon Bitcoinland. Just got online after successful surgery Friday. I see I missed some excitement while I was away... big dip and big recovery... currently $8172USD/$10700CAD (Bitcoinaverage). It's pretty much back to where it was before I went in. Woke up and decided to fire up the laptop just in time to catch the end of the rally. I guess my bladder alarm still works. Nothing to do now but relax in the Mexican sun and convalesce until I get my sutures removed on Thursday. I can't fly for at least a couple more weeks but at least I can head out to the jungle later this week. I'm currently toothless with very fragile gums after bone grafts to my jaws. Needless to say, I'm on a totally liquid diet. Ever have pork tacos pureed in a blender? Delicious! Did anybody actually read Jimbos post ? Jimbo, i apologise in behalf of all these money orientated people here, they have nothing other than money in their brain. You heartless bunch. I find ice cream's easy to eat after having a tooth extraction, and it helps stop any bleeding by freezing wounds. Maybe it also works for bone grafts to the jaws. Also be careful of antibiotics. The enteric nervous system is fragile.
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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March 19, 2018, 02:35:34 AM |
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Well good afternoon Bitcoinland. Just got online after successful surgery Friday. I see I missed some excitement while I was away... big dip and big recovery... currently $8172USD/$10700CAD (Bitcoinaverage). It's pretty much back to where it was before I went in. Woke up and decided to fire up the laptop just in time to catch the end of the rally. I guess my bladder alarm still works. Nothing to do now but relax in the Mexican sun and convalesce until I get my sutures removed on Thursday. I can't fly for at least a couple more weeks but at least I can head out to the jungle later this week. I'm currently toothless with very fragile gums after bone grafts to my jaws. Needless to say, I'm on a totally liquid diet. Ever have pork tacos pureed in a blender? Delicious! Did anybody actually read Jimbos post ? Jimbo, i apologise in behalf of all these money orientated people here, they have nothing other than money in their brain. You heartless bunch. I read it...the dude is chillin in the sun sippin on some blended tacos. Livin it up!
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xhomerx10
Legendary
Offline
Activity: 3892
Merit: 8303
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Well good afternoon Bitcoinland. Just got online after successful surgery Friday. I see I missed some excitement while I was away... big dip and big recovery... currently $8172USD/$10700CAD (Bitcoinaverage). It's pretty much back to where it was before I went in. Woke up and decided to fire up the laptop just in time to catch the end of the rally. I guess my bladder alarm still works. Nothing to do now but relax in the Mexican sun and convalesce until I get my sutures removed on Thursday. I can't fly for at least a couple more weeks but at least I can head out to the jungle later this week. I'm currently toothless with very fragile gums after bone grafts to my jaws. Needless to say, I'm on a totally liquid diet. Ever have pork tacos pureed in a blender? Delicious! Did anybody actually read Jimbos post ? Jimbo, i apologise in behalf of all these money orientated people here, they have nothing other than money in their brain. You heartless bunch. I read it...the dude is chillin in the sun sippin on some blended tacos. Livin it up! Pureed pork tacos, eh? Chillin in the sun you say? It seems more like JimboToronto is preparing for a clandestine mission to the moon! Godspeed.
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Lontonbit
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March 19, 2018, 02:50:40 AM |
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Get better soon jimbo:)
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pfrtlpfmpf
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March 19, 2018, 03:04:24 AM |
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Well good afternoon Bitcoinland. Just got online after successful surgery Friday. I see I missed some excitement while I was away... big dip and big recovery... currently $8172USD/$10700CAD (Bitcoinaverage). It's pretty much back to where it was before I went in. Woke up and decided to fire up the laptop just in time to catch the end of the rally. I guess my bladder alarm still works. Nothing to do now but relax in the Mexican sun and convalesce until I get my sutures removed on Thursday. I can't fly for at least a couple more weeks but at least I can head out to the jungle later this week. I'm currently toothless with very fragile gums after bone grafts to my jaws. Needless to say, I'm on a totally liquid diet. Ever have pork tacos pureed in a blender? Delicious! Did anybody actually read Jimbos post ? Jimbo, i apologise in behalf of all these money orientated people here, they have nothing other than money in their brain. You heartless bunch. I read it...the dude is chillin in the sun sippin on some blended tacos. Livin it up! Wait, one day you will be toothless. Don´t believe me ? Just wait ! And it will be no fun, guaranteed . . .
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Vlada69
Jr. Member
Offline
Activity: 238
Merit: 5
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March 19, 2018, 03:25:36 AM |
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Talk all you want about Mt.Gox but Putin just won the Presidency of Russia again and let me remind you he will be introducing tax law from July 1st on crypto currency in Russia which is main bear force currently going on. How do I know that? Well there were few of Russians asking to invest in exchanges in Belarus and in my country Serbia.
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jojo69
Legendary
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Activity: 3220
Merit: 4387
diamond-handed zealot
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March 19, 2018, 04:00:39 AM Last edit: March 19, 2018, 04:37:30 AM by jojo69 |
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oh man a test at 6000 looks cooked in at this point
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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March 19, 2018, 04:39:48 AM |
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Just another day in bitcoin land.
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Anon136
Legendary
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Activity: 1722
Merit: 1217
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March 19, 2018, 04:44:59 AM |
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oh man a test at 6000 looks cooked in at this point I don't usually find "drawing triangles" to have any use. But that triangle seems to match up perfectly with the next area of support. Maybe you found the one triangle that actually means something!
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Lontonbit
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March 19, 2018, 04:46:33 AM |
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That triangle is fake lol 😂
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