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

[xhomerx10]

Working on it...
Don't worry @Hueristic.  I'll use the network hash rate in my calculation to ensure the energy usage from all miners is included.

edit: SMF seems to insert superfluous breaks when translating BBcode to HTML.
edit2: Wow.  Tables really suck in BBcode.
edit3:  

Yeah these tables are rough...

I have no Idea how you can differentiate between base systems, gpu miners, fpgas and asics over time. The overlap is huge and due to locations their profitability is widely varied so you would have to make massive assumptions. Literally this could take a person a lifetime to get within a small tolerance of error.

Not to mention it is widely believed satoshi (and others) used custom FPGAs and how those could be calculated is beyond me.

 It's certainly going to take a while to compile the data we'll need but I think we're going to find that recent mining of blocks far outweighs earlier mining in terms of the power requirement.  My hope is that it will be enough of a difference to make the error very small even with the assumptions that will have to be made.

[Hueristic]

It's certainly going to take a while to compile the data we'll need but I think we're going to find that recent mining of blocks far outweighs earlier mining in terms of the power requirement.  My hope is that it will be enough of a difference to make the error very small even with the assumptions that will have to be made.

I've been dealing with migraines for awhile now and just trying to think on this is making my head hurt,

Good luck man, I can't wait to see what you come up with!

[philipma1957]

It's certainly going to take a while to compile the data we'll need but I think we're going to find that recent mining of blocks far outweighs earlier mining in terms of the power requirement.  My hope is that it will be enough of a difference to make the error very small even with the assumptions that will have to be made.

I've been dealing with migraines for awhile now and just trying to think on this is making my head hurt,

Good luck man, I can't wait to see what you come up with!

we use 5000 to 7000 megawatts an hour for sept 14 2020

which is 120,000 to 168,000 megawatts a day.

based this on

135eh at 50 watts a th that is 6750megawatts an hour

second estimate based on

135eh at 40 watts a th that is 5400 megawatts. an hour.


add five percent for servers, cooling,and network resources.

maybe 5400+270=.  5670 low
and.     6750+ 330= 7100 high


lots of power.


now lazy sloppy number for all time is 168,000/2 x days we mined and i think it will be too high.
i also think 120000/2 x days we mined is too high.

i get those long estimates by using 0 for day one and 168,000 for today which gives an average of 84,000

or the lower one of 0 + 120,000= 120,000/2 = 60000

i am thinking the life long estimates will not be correct. at all.

but the estimate for today sept 14 is decent.

[JayJuanGee]

Don't worry @Hueristic.  I'll use the network hash rate in my calculation to ensure the energy usage from all miners is included.

Whoaza!!! 

I am feeling muchos MOAR buddenings of warm and fuzzie tingilies #nohomo finding out no miner left uncalculated, whether s/he, [they](sic), it be block winner or no.   

[earlier contributions edited out]


......

.......

yeah..allergic to cats.....hot girls allergic to me...the wheel of FUD and despair continues...... ;(

I am glad that this back and forth brainstorming session seems to be working towards identifying the problem (which therefore should lead to potential solutions).

In other words, the problem does not appear to be internal to you, Searing.  It's either las chiquitas or perhaps there is some kind of application that you would be able to apply towards solving such real world issues.

In other words, you should be able to employ some of your BTC towards obtaining some kind of remedy, such as a powder, oil or pheromone that causes las chiquitas to magnetize towards you rather than against you... changing the gravitation field or otherwise moving celestial bodies, if you get what I am saying...  (Disclaimer: Surely, don't go full bill cosby on us, only a mild form of bill cosby (Pg-13 form), if necessary, will do).  

Check back in with the WO brainstormers (advisors) once you have acquired such products (not the snake-oil ones) and attempted applying such solutions towards one or more real life chiquitas.  There might be a movie in this.

[BobLawblaw]

Observing some profit taking in the $10.7k range. Looks like we may be in for a bit of sideways action before $11k.

I give it 24 hours.

[Cryptotourist]

I suppose that that is the difference between a slut and a whore. ;-)

Bingo!

A whore does it for money. She might enjoy or she might not. If it's a male whore - most likely not.
Whereas being a slut, male or female, you do it for the pleasure of things, and the chances of actually enjoying it are exponential.
If you're a whore and a slut, I guess that makes you a model, and I'm no model.


Speaking of models, where is my shorting star?
I swayed yesterday upon her post, but decided to give it a pass.

[Karartma1]

Observing some profit taking in the $10.7k range. Looks like we may be in for a bit of sideways action before $11k.

I give it 24 hours.

Unless some wild Bart Simpson movements will move it up or down in minutes. Let's wait 24 hours: confirmed.

[Last of the V8s]

An interesting question just popped in my mind:
How much kWh was used to create the current Blockchain?
Should be somehow possible to calculate it based on the given mining hardware and mining difficulty.

https://twitter.com/blockbain/status/1305539345991036933



a fair few

[bitcoinPsycho]

[...] caught nearly the exact top(for now anyway )! nice

Im in around 60% profit right now, will take some profit to cover fees in case we go back to my entry to stop me out (moved stop to entry)

Playing with FIRE (not the early retirement one). But good luck to you SS123, nice catch.

How am I playing with fire? I already took profits and set my stoploss as such I cannot lose money anymore, and even if I hadn't caught the top, when my stoploss hit I would've only lost 1%

Nice fantasy

[bitcoinPsycho]

[...] caught nearly the exact top(for now anyway )! nice

Im in around 60% profit right now, will take some profit to cover fees in case we go back to my entry to stop me out (moved stop to entry)

Playing with FIRE (not the early retirement one). But good luck to you SS123, nice catch.

How am I playing with fire? I already took profits and set my stoploss as such I cannot lose money anymore, and even if I hadn't caught the top, when my stoploss hit I would've only lost 1%

Lol I wish i was as clever as you  

[JayJuanGee]

Observing some profit taking in the $10.7k range. Looks like we may be in for a bit of sideways action before $11k.

I give it 24 hours.

I don't see it.

Largely, the BTC price has been moving up for the past week from the low of $9,825 on 9/8, and got us to $10,838, just 5 hours ago...

And sure we had a bit of a correction from $10,571 to $10,215 two days ago on 9/13... but hey.. where are we at now?  bouncing between $10,640 and $10,838 for the past 18 hours..

I would hardly label our current price location as any definitive sideways move, yet... way too early to know or to say... "shucks, it stopped".. whine whine whine...      

Sure 24 hours might give us a wee bit of a better picture upon where we are at... and sure we might still be here, and we might go down and we might go up... that looks like a 33/33/33 to me rather than leaning towards any particular outcome, as I type.

The $10,838 price was a high price from just 5 hours ago, so we just got here.. why cannot we enjoy a bit instead of whining that it stopped?

Furthermore,  we had not seen that level of high price since 9/3.. so seems to be a good thing, and at the current moment, the BTC price seems as if it is in a kind of UP inclination for more than anything.. but, hey, yeah, sure, the UP movement could stop at any moment.. maybe 33/33/33, and that is in the range of expectations that there could be stop of upwards movement when the price had not been here for 12 days.. go figure?

Nothing really to say that the price going up actually stopped or that it is going to stop, and still, we seem to continue to bounce around at a kind of top end of an uncertain price range, as I type.   Stop will it?  maybe 33/33/33 or some close variant of that I will proclaim as another one of those soothsayer wannabes.  

[Gyrsur]

does the amount of Tor network nodes increasing?

I assume gov is planning to take over Tor. 

[Last of the V8s]

hello and welcome to oldgreybeardcointalk

https://youtu.be/ZVZxRMAeIdo Why Bitcoin Now: David Chaum and Adam Back Reflect on the Crypto Wars - Ep.186

David Chaum, the inventor of eCash and CEO of xx network, and Adam Back, the inventor of Hashcash and the cofounder and CEO of Blockstream, discuss their involvement in digital currency well before Bitcoin existed. In this episode, they discuss:
how they each became enamored with the idea of digital currency years before such an idea was widely discussed
the crypto wars of the 1990s and the U.S. government’s attempts to control access to advanced cryptography
Digicash, the creation of eCash, and the difficulties of implementing the system with the technology available at the time
the innovation of blind signatures used in eCash
what caused the demise of Digicash, and David's role in that
the development of Hashcash and the problems Adam was trying to solve by creating it
their initial reactions to learning about Bitcoin for the first time
how they think Bitcoin might improve in the future
the stock-to-flow Model, and where they believe the Bitcoin price might go next
why the Hashcash proof-of-work mechanism became so widely used

with other useful links re the history in the show notes

[Last of the V8s]

https://twitter.com/jameskoutoulas/status/1305584521170104323

Our team served @brockpierce for securities fraud at his rally in NYC.

Pro tip- when you’re trying to avoid getting served for a multi B fraud case, maybe lay off outlandish presidential campaigns

As we Progress in holding this conman accountable, feel free to reach out if you lost money after buying eos in the ICO or on exchange

nice video of Brock being served

[nullius]

The joke:

The punch line:

Confirmed maths and science yield a 98.2962642% probability that this is true.

Source:  Unprofitable, and therefore “retired”.  Just like you, so very soon.  —Yes, they were the original parody of “motivational” posters.  I recall that they almost made a billion-dollar IPO in the original dot-com bubble—just kidding—I think.

[600watt]

$11200 incoming. today? now?

[Indymoney]

$11200 incoming. today? now?

Look like we can touch this figure today any time.

[Last of the V8s]

billion dollars being swapped from tron to erc20 chain
https://tether.to/explained-chain-swaps/

look over there ---------------->

[proudhon]

[Xinarae*]

$11200 incoming. today? now?

#Bitcoin crossing 13000$ with in few days Rocket


https://twitter.com/cryptoo_moon/status/1305824244178153472