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

[HairyMaclairy]

Battle to come at $4350 but looking strong at the moment

[LFC_Bitcoin]

Battle to come at $4350 but looking strong at the moment

Thanks HM, really enjoying your input in this thread. Interesting to read your analysis, just a little thanks for providing us with your charts/TA/predictions etc.

This is by far my favourite thread on here, I’m a cold bastard in life mostly but it’s a pleasure being a part of this thread with you guys over the years.

Here’s to many more years on here together!

[xhomerx10]

https://www.coindesk.com/bitcoin-mining-giant-holds-flash-sale-to-celebrate-price-bottom
Bitcoin mining firm Canaan Creative has revealed it is temporarily cutting prices across all of its crypto mining devices.
As part of its “flash sale” starting today, all of the company’s miners – from the Avalon 921 (20 terahashes per second) to the Avalon 851 (14.5 TH/s) – are all [sic] available at $200 each.
hmmmm

Is that cheap? Is it worth it? I haven't mined since the Antminer S3, maybe I should give it another go for the lulz.

P.S.: It basically says in its own page that it is unprofitable to mine with it. And... 1700Watts? That would be a very expensive PSU that I don't have. Think I'll pass on the offer.

Yeah I have stayed away from mining Sha for quite some time, it's too aggressive on difficulty and the equipment is all Enterprise style (loud as fuck fans over standard 110v power draw) GPU mining is even getting cut out more and more by fpga and I want to dip my toes in fpga but the up front cost is too damn high.

A quick calc on https://whattomine.com/asic

20Tera Hashes @ 1700W
Electricity @ $0.1/kWh

This generates $3.39 on Bitcoin mining, with an overall profit of -$0.69 / day.

I guess it may be a cheap way to heat your greenhouse in the winter, but not much else.

Yes, that's more or less the same calculations they give in their page: https://www.asicminervalue.com/miners/canaan/avalonminer-921

Maybe if you have free electricity. But the heat on the winter argument.... I have always said that electric resistance generated heat is 4.x less efficient that a heat pump, so no, not even in that case.

With that figures they would have to give them for free or even pay me to run it lol

 Okay but if you are paying 4.08 for electricity but can reduce the cost to .69 after your Bitcoin earnings, then the apparent efficiency of the obsolete-miner-heating method is  5.9x more efficient than resistance heating (or 1.475 more efficient than a heat pump)... at current Bitcoin prices - I think?

edit: to muddy the explanation further

[Wekkel]

https://www.coindesk.com/bitcoin-mining-giant-holds-flash-sale-to-celebrate-price-bottom
Bitcoin mining firm Canaan Creative has revealed it is temporarily cutting prices across all of its crypto mining devices.
As part of its “flash sale” starting today, all of the company’s miners – from the Avalon 921 (20 terahashes per second) to the Avalon 851 (14.5 TH/s) – are all [sic] available at $200 each.
hmmmm

1. Their website does not reflect the $200 price tags.
2. If I am correct, even if the miners are handed out for free, I still need a donation of $600 per month to stay even.

Only those who pay less than 0.08 KWh do not lose money.

[Last of the V8s]

I TRUST COINDESK AND CANAAN TO LOOK AFTER MY BEST INTERESTS. YOU ARE ALL CYNICAL PLEBS

[HairyMaclairy]

Thanks LFC.  Sometimes I just think that the pictures are pretty.

In the last couple of minutes since posting it looks like a tiny crack developing.  Worth keeping an eye on.



Edit:  things that make you go hmmmm

[bitserve]

I TRUST COINBASE AND CANAAN TO LOOK AFTER MY BEST INTERESTS. YOU ARE ALL CYNICAL PLEBS

Get the fuck out of here, you fucking shill! We are not interested in your scams. Tell your masters I would pay the $200 for this:

https://www.asicminervalue.com/miners/asicminer/zeon-180k

... And I am doing you a favour.

[Last of the V8s]

In other excellent news from my heroes at coinbase

Initially, we will support deposits from both transparent and shielded addresses, but only support withdrawals to transparent addresses. In the future, we’ll explore support for withdrawals to shielded addresses in locations where it complies with local laws.

[bitserve]

In other excellent news from my heroes at coinbase

Initially, we will support deposits from both transparent and shielded addresses, but only support withdrawals to transparent addresses. In the future, we’ll explore support for withdrawals to shielded addresses in locations where it complies with local laws.

Makes sense that they don't support withdrawals to shielded addresses (KYC/AML), not so that they do for deposits... greedy fucks!

[encycrypto]

Thanks LFC.  Sometimes I just think that the pictures are pretty.

In the last couple of minutes since posting it looks like a tiny crack developing.  Worth keeping an eye on.



Edit:  things that make you go hmmmm

Hey son, we're not supposed to post bearish graphs in this thread! Stop acting childishly!

[bitserve]

After looking in more detail at the mining profitability here: https://www.asicminervalue.com/

I really can't understand how how that business is sustainable anymore. The fundamentals are complete shit right now.... an avalanche of bankruptcies coming in the next months?

[encycrypto]

I haven't been active here much, but I'm still alive. I will try to at least delete the worst shitposting. Reporting particular posts to me via PM is helpful.

We had a long holiday weekend here in the states, and then my wife delivered our first baby right after. Shit's been crazy - attending to work, baby, wife, and sleeping when I get "free time".

Kisses to my grandson!

[Last of the V8s]

Hey son, we're not supposed to post bearish graphs in this thread! Stop acting childishly!

Thought you lieked the children

I became a teen last year so not much lol, i guess i learned alot about crypto

I'm interested in knowing more about you... Are you fourteen right now?

Kisses to my grandson!

Blockchain election, based on tokens (such as ERC20), can easily be managed. But the question, will the government like to have transparency in elections? They'll try to ignore blockchain elections as much as they can, because of the fear of "people getting into their own control".

idiot

[realr0ach]

make much more using simplefx

Bucketshops are for idiots.  Simplefx, like every bucketshop on earth, if you bet big and win they'll just invalidate your trade entirely, walk it back, and tell you to go fuck yourself.  I've already heard stories of them doing that, not that I didn't know they would already.

Bitfinex = garbage bucketshop scam
Bitmex = garbage bucketshop scam
Simplefx = garbage bucketshop scam

As for other "to the moon" leverage sites like OKCoin, some of the clawbacks for socialized losses I've seen there are simply insane, making it pointless to even use.  You can occasionally make money at a bucketshop (I've done it), but the odds are stacked against you and they'll eventually just rob you anyway, deleting any type of gains you've made and then some.

[encycrypto]

Hey son, we're not supposed to post bearish graphs in this thread! Stop acting childishly!

Thought you lieked the children

I became a teen last year so not much lol, i guess i learned alot about crypto

I'm interested in knowing more about you... Are you fourteen right now?

Kisses to my grandson!

Blockchain election, based on tokens (such as ERC20), can easily be managed. But the question, will the government like to have transparency in elections? They'll try to ignore blockchain elections as much as they can, because of the fear of "people getting into their own control".

idiot

Show me respect, son!

[mindrust]

After looking in more detail at the mining profitability here: https://www.asicminervalue.com/

I really can't understand how how that business is sustainable anymore. The fundamentals are complete shit right now.... an avalanche of bankruptcies coming in the next months?

I remember in 2015 people were shouting "who teh fuck mines btc while the price is $200 wtff!!!", yet here we are. There will always be miners with free, prepaid (sun/wind etc) or stolen electricity who will mine btc no matter what the price is.

If those miners don't have free/prepaid/stolen ooor very very very cheap electricity (like $0.01 cheap or even cheaper) they are in the wrong business.

[Paashaas]

BTC buy support $143,608,942.

BTCABC just $2,563,529.

BTCSV? Shit Vision not supported.

https://coinmarketbook.cc/

[realr0ach]

I remember in 2015 people were shouting "who teh fuck mines btc while the price is $200 wtff!!!", yet here we are. There will always be miners with free, prepaid (sun/wind etc) or stolen electricity who will mine btc no matter what the price is.

Bitcoin - backed by the Italian mafia purchasing $1000 ASICs that return -$200 profit?

[realr0ach]

Roses are red
violets are blue
roach buys fake silver
and then calls me a jew

All Germans died during WW2
Nobody knows who lives there any longer
The only thing certain is they will all be raped by noggers

[LFC_Bitcoin]

Roses are red
violets are blue
roach buys fake silver
and then calls me a jew

All Germans died during WW2
Nobody knows who lives there any longer
The only thing certain is they will all be raped by noggers

Fuck lefties & tolerant weirdos, I was born in the wrong fucking era.