d_eddie
Legendary
Offline
Activity: 2660
Merit: 3552
|
|
November 21, 2018, 07:05:22 PM |
|
I'm waiting to see what happens when the some of the hashrate on the BCH chains goes back to BTC.
|
|
|
|
|
Kylapoiss
Sr. Member
Offline
Activity: 616
Merit: 292
I don't know where I'm going, but I'm going.
|
|
November 21, 2018, 07:13:38 PM |
|
Giga Watt, formerly known as MegaBigPower company Where do they get these company names I would have an extremely cautious approach towards a company with such a name, doesn't raise much trust.
|
|
|
|
rolling
|
|
November 21, 2018, 07:24:57 PM |
|
This just goes to show how electricity is only one of many costs associated with mining. Don't believe the FUD about the electricity only cost of mining a bitcoin (~$3000). The real cost of mining is double that at least. The electricity in Douglas County Washington is less than $0.03 per kWh and they still couldn't stay in business. Every miner in the world is mining at a loss at these prices.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
November 21, 2018, 07:28:32 PM |
|
Where do they get these company names I would have an extremely cautious approach towards a company with such a name, doesn't raise much trust. You joking? It sounds FUCKING MASSIVE. If it's big it must be good. Here's an interesting metric - Casascius capitulation - https://twitter.com/realLudvigArt/status/1064832260124303360There's also a tweet in there which reckons one of them is Roger Ver's, though I've no idea how they know, which makes it desperation instead.
|
|
|
|
realr0ach
Sr. Member
Offline
Activity: 924
Merit: 311
#TheGoyimKnow
|
|
November 21, 2018, 07:30:49 PM |
|
Don't worry, goyim. I promise bitcoin is some type of currency and not a surveillance system.
|
|
|
|
Dig Bicks
Member
Offline
Activity: 348
Merit: 22
|
|
November 21, 2018, 07:31:03 PM |
|
This just goes to show how electricity is only one of many costs associated with mining. Don't believe the FUD about the electricity only cost of mining a bitcoin (~$3000). The real cost of mining is double that at least. The electricity in Douglas County Washington is less than $0.03 per kWh and they still couldn't stay in business. Every miner in the world is mining at a loss at these prices. Here is why it doesn't matter. Governments are secretly mining bitcoin with public resources, they don't care about making a profit. Crypto mining is also being used to launder money, so these guys see the loss as just a money laundering fee. They mine clean coins and turn their money clean.
|
|
|
|
marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
|
|
November 21, 2018, 07:33:10 PM |
|
BAKKT exchange delays opening again ... i think this could become the new "China bans bitcoin again"
they'll milk these delays (blame it on regulators, lawyers, blawblawblaw) to drag out the bear/accumulation phase as long as possible .... until they start losing credibility for looking incompetent
|
|
|
|
Kylapoiss
Sr. Member
Offline
Activity: 616
Merit: 292
I don't know where I'm going, but I'm going.
|
|
November 21, 2018, 07:35:31 PM |
|
Where do they get these company names I would have an extremely cautious approach towards a company with such a name, doesn't raise much trust. You joking? It sounds FUCKING MASSIVE. If it's big it must be good. Here's an interesting metric - Casascius capitulation - https://twitter.com/realLudvigArt/status/1064832260124303360There's also a tweet in there which reckons one of them is Roger Ver's, though I've no idea how they know, which makes it desperation instead. Should we be worried?
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
November 21, 2018, 07:37:42 PM |
|
Should we be worried?
That they know something we don't? Doubtful. Just bored of it all I presume. If one of them is Roger then that's some impressive barrel scraping.
|
|
|
|
HI-TEC99
Legendary
Offline
Activity: 2772
Merit: 2846
|
|
November 21, 2018, 07:38:08 PM |
|
I'm waiting to see what happens when the some of the hashrate on the BCH chains goes back to BTC.
I understand dropping hashrate is causing slower Bitcoin blocks, but does anyone know why there's sometimes huge gaps between blocks, then loads mined within minutes of each other? Is that just random chance, or miners playing tricks?
|
|
|
|
Kylapoiss
Sr. Member
Offline
Activity: 616
Merit: 292
I don't know where I'm going, but I'm going.
|
|
November 21, 2018, 07:41:01 PM |
|
Should we be worried?
That they know something we don't? Doubtful. Just bored of it all I presume. If one of them is Roger then that's some impressive barrel scraping. Would be nice if he'd be out of ammo so soon, this BCH nonsense has to stop. Or maybe someone has bills to pay.
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
|
November 21, 2018, 07:42:17 PM |
|
|
|
|
|
goldkingcoiner
Legendary
Offline
Activity: 2212
Merit: 1959
A Bitcoiner chooses. A slave obeys.
|
|
November 21, 2018, 07:44:26 PM |
|
If 4k holds by the end of the month, I am buying more coins. Right now its all about if the weekly BB stretches any further....
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2660
Merit: 3552
|
|
November 21, 2018, 07:49:06 PM |
|
I'm waiting to see what happens when the some of the hashrate on the BCH chains goes back to BTC.
I understand dropping hashrate is causing slower Bitcoin blocks, but does anyone know why there's sometimes huge gaps between blocks, then loads mined within minutes of each other? Is that just random chance, or miners playing tricks? I don't know the answer to this question. Can it be that lower hash power brings higher variance? I somehow doubt it. However, if Roger is really scraping the bottom by selling Casascius Coins, it might mean his miners are about to switch. My own implicit question gains weight: what can reasonably expected to happen now?
|
|
|
|
Raja_MBZ
Legendary
Offline
Activity: 1862
Merit: 1505
|
|
November 21, 2018, 07:51:56 PM |
|
|
|
|
|
realr0ach
Sr. Member
Offline
Activity: 924
Merit: 311
#TheGoyimKnow
|
|
November 21, 2018, 07:52:26 PM |
|
Apparently Roger missed my explanation years ago that in event of rough consensus attack, the only logical game theory move is either sell both forks or keep both forks. If you're the one causing the rough consensus attack, it doesn't really change anything.
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2674
Merit: 13090
BTC + Crossfit, living life.
|
|
November 21, 2018, 07:54:13 PM Merited by BobLawblaw (10) |
|
Everyone needs to hit this bowl of Skittles with me and chill the fuck out.
Everything will be fine.
Relax, brothers.
via Imgflip Meme GeneratorBOWL if you say so i do so ......
|
|
|
|
realr0ach
Sr. Member
Offline
Activity: 924
Merit: 311
#TheGoyimKnow
|
|
November 21, 2018, 07:58:36 PM |
|
Micgoossens, we're going to have to have a talk about your instagram bimbo habits of taking pictures of your food, strategically placing your arm in every picture to try and get people to look at your random prison tattoos, amongst other issues. This is very poor nazi behavior.
|
|
|
|
Spaceman_Spiff_Original
|
|
November 21, 2018, 07:58:51 PM Last edit: November 21, 2018, 08:16:56 PM by Spaceman_Spiff_Original |
|
So, does anybody know why adamstgBit left?
Let me guess, he pulled a DeathandTaxes, MnW or cypherdoc type scam and left? That’s usually how the old guard chooses to leave.
Who is MnW? DeathandTaxes' scam thoroughly disappointed me. He was such an insightful guy, one of the smartest and most knowledgeable posters around imho. I thought he came across as a standup guy, but clearly my judgement of him was very flawed.
|
|
|
|
|