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

[Cassius]

Bitcoin is showing strength as the market has moved beyond $8.9k and seems intent on climbing higher. I expect consolidation down to $8.6k over the next few hours and then a possible push to $9.3k and perhaps beyond.
#dyor #btfd

A plunge at the 200 daily MA was always likely. If it pushes above it this time things should get more interesting. Right now it's pretty much touch and go I'd say.

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[mike4001]

Bitcoin is dead (Spoiler: hashrate more than doubled in just three months. Wow.)

https://blockchain.info/charts/hash-rate?timespan=all

Does anyone know what electricity costs are at the moment for big minigpools ?

Sometime ago I read about 3000 USD per BTC

But when the hashrate doubled so must electricity costs ;-)

[explorer]

Today's fresh caught train pic

[realr0ach]

[rafanadal]

https://www.youtube.com/watch?v=91YLkT2I66E

[realr0ach]

https://www.youtube.com/watch?v=91YLkT2I66E

Yes, I am not a member of the Molyneux cult, and his track record on the Jewish question borders somewhere around pathetic, but his tweet was pretty correct on today's issue.  As for him being a Jew or not himself, as we all know, Judaism is nothing more than an evil cult just like the Charles Manson cult.  The reason Jews have been kicked out of different countries over 100 times now is because they refuse to police their own kind (due to their cult claiming any crime is legal against "goyim"), which always results in collective punishment against them.

Certain accommodations can be made for the rare few that attempt to solve this problem and police their own, just like the large number of 1/4th - 1/2 ethnic Jews that fought on the side of Germany in WW2 (tens of thousands) because they knew international Jewry and the Pharisee money changers were the real problem.  Even though Trump is turning into kind of a flop, 3/4ths of Jews voted Hillary and 1/4th voted Trump, so I'd estimate 'only' 3 out of 4 Jews are a serious problem for the world at large.

[Jacques_Bittard]

The reason Jews have been kicked out of different countries over 100 times now is because they refuse to police their own kind, which always results in collective punishment against them.

Do you police everyone your own kind? Do you also deserve collective punishment for the crimes of your kind?

[realr0ach]

The reason Jews have been kicked out of different countries over 100 times now is because they refuse to police their own kind, which always results in collective punishment against them.

Do you police everyone your own kind? Do you also deserve collective punishment for the crimes of your kind?

Whites and Asians obviously police their own kind.  Jews do not because their cult claims crimes committed against "Goyim" (aka everyone who is not them) are okay.  They even claim stealing organs from other races is fine, which is why:

NYT Finds 'Disproportionate Role' of Israelis in World Organ Trafficking

https://www.haaretz.com/israelis-exposed-in-organ-trafficking-1.5259773

It is the Jew's own fault they force everyone they come in contact with into a scenario where they are forced to destroy or deport the Jews or be destroyed themselves.  

[bitcoinPsycho]

[Last of the V8s]

Unexpected eh? FUD suppressed 100%, BCH hashrate menace vanished and all. I am also slightly surprised, but actually not that much. There were too many of us predicting a regular weekend dump and then on Monday blah blah - starting from me! It's not like "I knew, y'all clueless morons!"

Now let's be paranoid for a while - as a thought exercise. If I were a nasty whale - bear or bull is no fit category for such beasts - I'd try to fool the average noncontrarian smart traders who think they've got it all figured out - yes, that's me. And I don't feel I am alone. How would I go about that? Just the opposite of what's predicted by the smart herd of cows. Let her go up, up. No weekend dump, see, nice eh? Moon coming, hehe. A slightly better than average Monday... and then a brutal dive on Tuesday or Wednesday. That's when a short hedge can have your back and piss off the whale.

Just thinkin' aloud. Food for debate.

It was only you and Hairy that I remember. Sorry but the short term trend has been up since the bottom and the higher low despite TERA's prediction-making traincrash. Maybe all that will come when the short and medium term trends collide, but maybe we also go on to challenge 11.4 a third time. First let's keep on busting up through local resistance levels until we see what fud if any they publish tomorrow night.

[Jacques_Bittard]

The reason Jews have been kicked out of different countries over 100 times now is because they refuse to police their own kind, which always results in collective punishment against them.

Do you police everyone your own kind? Do you also deserve collective punishment for the crimes of your kind?

Whites and Asians obviously police their own kind.  Jews do not because their cult claims crimes committed against "Goyim" (aka everyone who is not them) are okay.  They even claim stealing organs from other races is fine, which is why:

NYT Finds 'Disproportionate Role' of Israelis in World Organ Trafficking

https://www.haaretz.com/israelis-exposed-in-organ-trafficking-1.5259773

It is the Jew's own fault they force everyone they come in contact with into a scenario where they are forced to destroy or deport the Jews or be destroyed themselves.  

I'll tell you a little secret. Racism or any other expression of generalized hate is mostly created by criminals, who want to hide specific criminal names and faces in this opaque fog of generalized hate. Crooks never care about anyone but themselves. They don't care about others, with who they share their race, nationality or culture either. They mostly work with other crooks, not caring about their race and background either. The only thing they care about is how useful other people can be. Crime is without borders and colors like that.
People who spread racism are very useful to the same crooks. If someone is attacked by loud racists without substance long enough, then this someone will eventually be also immune to constructive criticisms. If someone is attacked with nonsense long enough, then others expect that all attacks towards that person is nonsense, even if it isn't.

[Sitarow]

Bitcoin is dead (Spoiler: hashrate more than doubled in just three months. Wow.)

https://blockchain.info/charts/hash-rate?timespan=all

Does anyone know what electricity costs are at the moment for big minigpools ?

Sometime ago I read about 3000 USD per BTC

But when the hashrate doubled so must electricity costs ;-)

This figure is nonsense.

There is better investment oportunities than mining bitcoin at the present price never lower.

What you should be asking is why dispite that fact are there large mining investment still going strong.

Here is a small hint and it has very little to do with power costs. Legal tax avoidance by reinvesting into mining the portion that would have been paid in tax.
To produce one bitcoin a day using the latest hardware from Bitmain would take an investment of $2,366,417.19 USD or about 250 BTC to secure a quantity of 1,020 S9 13.5 TH ASIC mining units. That equals a total hash rate of 13,770TH or 13.77 PH.

As you can see if you factor in just hardware loan repayment and power costs never mind any other type of costs and you run at a loss at $9500.00 edit if your pa $0.10 per kwh and still have to pay back hardware costs never mind other overhead costs - There are far better investments you can do than invest 2.3 million USD instead of hardware.

At 0.03kwh there is profit at 9500 if you factor in power and hardware but even still that doesn't include any other overhead.

However those that do mine know that BTC at this price is a buy opportunity rather than investing in hardware.

Document: https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing

[Last of the V8s]

the latest hardware from Bitmain would take an investment of $2,366,417.19 USD or about 250 BTC to secure a quantity of 1,020 S9 13.5 TH ASIC mining units.

Pretty sure you could get 1k S9's from Bitmain at somewhat less than retail.

[Sitarow]

Pretty sure you could get 1k S9's from Bitmain at somewhat less than retail.

Honestly you would get a better deal from bitfury.

However pay attention to the return even with free power and hardware.

For some hardly worth getting out of bed.

Edit: if you do factor the overhead of real life operating costs minus hardware and power costs. You also have taxable gains and since you have no hardware and power costs you can't claim those operating costs that normaly lower the tax burden.

[Last of the V8s]

Pretty sure you could get 1k S9's from Bitmain at somewhat less than retail.

Honestly you would get a better deal from bitfury.

However pay attention to the return even with free power and hardware.

For some hardly worth getting out of bed.

Edit: if you do factor the overhead of real life operating costs minus hardware and power costs. You also have taxable gains and since you have no hardware and power costs you can't claim that to lower the tax burden.

Yes I like your tax points.

What's so weird is bitmain's gear has never been predicted to be profitable, by your or anyone's mining calculators. Yet maybe 6 out of 10 (of the proper ones) have been absolute beasts, printing money worse than the Fed, and resale values on ebay are wtf madly profitable anyway. In the end, I trusted them to price gear correctly more than my own calculations. But that era is over, with boards conking out more and more often, and altcoin asics ruling the roost.

[Sitarow]

Pretty sure you could get 1k S9's from Bitmain at somewhat less than retail.

Honestly you would get a better deal from bitfury.

However pay attention to the return even with free power and hardware.

For some hardly worth getting out of bed.

Edit: if you do factor the overhead of real life operating costs minus hardware and power costs. You also have taxable gains and since you have no hardware and power costs you can't claim that to lower the tax burden.

Yes I like your tax points.

What's so weird is bitmain's gear has never been predicted to be profitable, by your or anyone's mining calculators. Yet maybe 6 out of 10 (of the proper ones) have been absolute beasts, printing money worse than the Fed, and resale values on ebay are wtf madly profitable anyway. In the end, I trusted them to price gear correctly more than my own calculations. But that era is over, with boards conking out more and more often, and altcoin asics ruling the roost.

There is larger more efficient hardware that is not practical for home grown operations that are more efficient j/gh than is listed in the chart.

[Last of the V8s]

such death cross very non-event

[HairyMaclairy]

such death cross very non-event

Hasn’t crossed yet yes?   They are saving it for Saturday night. 

[becoin]

That's not true at all.  The variable of liquidity alone forces it into a TBTF mega-bank model. 

Wut? Who prevents you from buying bitcoins now and be as liquid as you wish in the future?

[Last of the V8s]

such death cross very non-event

Hasn’t crossed yet yes?   They are saving it for Saturday night. 

No it hasn't. I just guess certain people are waking up, looking at their chart, and pre-empting the perceived future pain.