Richy_T
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Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 11, 2021, 02:36:04 AM |
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One interesting thing to consider in the rise of the alts is that many smaller coins have been skating by on being too small to be worth attacking. Things could get interesting if someone decides to take a competitor down a peg or two. Doge and Litecoin are neck-and-neck on scrypt right now and I assume they are the two largest (?)
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Biodom
Legendary
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Activity: 3906
Merit: 4365
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May 11, 2021, 02:36:29 AM |
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blockstream 2000th =0.01btc a day for 14days=0.14btc difficulty adjustment 5%=5% less per fortnight
daily fortnightly 0.01000000 0.14000000 0.00950000 0.13300000 0.00902500 0.12635000 0.00857375 0.12003250 0.00814506 0.11403088 0.00773781 0.10832933 0.00735092 0.10291287 0.00698337 0.09776722 0.00663420 0.09287886 0.00630249 0.08823492 0.00598737 0.08382317 0.00568800 0.07963201 0.00540360 0.07565041 0.00513342 0.07186789 0.00487675 0.06827450 0.00463291 0.06486077 0.00440127 0.06161773 0.00418120 0.05853685 total after 9month 1.68779991 total after 36month 2.73029601
so they want you to pay them 3.448btc now ($200k at~$57k/btc) to receive 2.73btc in 3 years
anyone see the problem 3.448 in...2.73out
well, it is not my fundraise, so I am just a poster, but 5% adjustment per period is questionable going forward. In fact, there were similar calculations pooh-pooing buying of miners (s17, t17) before and immediately after the last halving. They paid off spectacularly, even in btc. Plus, it is aimed at those with euro, not btc. Mining smoothes out the return ( you are not buying a lump sum of btc at the current price). They just have a price a bit too high, we both agree on this. About 20% less would have been prudent.
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franky1
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Activity: 4368
Merit: 4742
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May 11, 2021, 02:39:54 AM |
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One thing I will put in is that the size of a block is independent from the power put into hashing it. So if one wanted to be eco friendly, it would not be hard to increase the transactions per Watt. I leave how to your imagination any household node.. even a raspberry Pi can process block transaction data. no issue even the devs have said 4mb of data is not an issue for he network asic miners do not process transactions. block size is NOT dependant on miners whether a block is empty or has 20 terrabytes of data per block. the hash that is sent to an asic is the same length every time an asic only touches a hash. not the block data it does not cost miners more to process more transactions hashrate has no correlation or impact on transaction count limit transaction count has no correlation/impact on hashrate
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xhomerx10
Legendary
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Activity: 3990
Merit: 8707
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May 11, 2021, 02:48:01 AM |
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blockstream 2000th =0.01btc a day for 14days=0.14btc difficulty adjustment 5%=5% less per fortnight
daily fortnightly 0.01000000 0.14000000 0.00950000 0.13300000 0.00902500 0.12635000 0.00857375 0.12003250 0.00814506 0.11403088 0.00773781 0.10832933 0.00735092 0.10291287 0.00698337 0.09776722 0.00663420 0.09287886 0.00630249 0.08823492 0.00598737 0.08382317 0.00568800 0.07963201 0.00540360 0.07565041 0.00513342 0.07186789 0.00487675 0.06827450 0.00463291 0.06486077 0.00440127 0.06161773 0.00418120 0.05853685 total after 9month 1.68779991 total after 36month 2.73029601
so they want you to pay them 3.448btc now ($200k at~$57k/btc) to receive 2.73btc in 3 years
anyone see the problem 3.448 in...2.73out
$200k now for $2.73 mill in 3 years seems pretty sweet. Of course, you could just buy the $200k worth of bitcoin now and wait; forego the mining, electricity cost and pain in the ass.
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franky1
Legendary
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Activity: 4368
Merit: 4742
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May 11, 2021, 02:54:41 AM |
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.. =0.01btc a day for 14days=0.14btc difficulty adjustment 5%=5% less per fortnight ... total after 36month 2.73029601
so they want you to pay them 3.448btc now ($200k at~$57k/btc) to receive 2.73btc in 3 years
anyone see the problem 3.448 in...2.73out
but 5% adjustment per period is questionable going forward. In fact, there were similar calculations pooh-pooing buying of miners (s17, t17) before and immediately after the last halving. They paid off spectacularly, even in btc. Plus, it is aimed at those with euro, not btc. Mining smoothes out the return ( you are not buying a lump sum of btc at the current price). They just have a price a bit too high, we both agree on this. About 20% less would have been prudent. in the last 6 months. there have been a few difficutly adjustments exceeding 10%. so 5% was quite fair. i also have looked into some asic studies of this month. such as slush pool 'active workers' have a 25% using s19 and 75% using s9..so there is still alot of hardware upgrading to do yet oh and the pitch is not about euros Dr.Back"If you hold Bitcoin or your business relies on it, you have an incentive to directly participate in mining" seems he is preaching to those that already have coin.. not euros but if you only hold euros. and you done some maths and worked out you can get 2.73btc but only if you hand in a lump sum now. and wait 3 years.. or buy up 3.448 now. .. no delay. no risk of loss no risk of company liquidating no risk of 'we been hacked' which would you choose $200k now...3.448btc now no delay $200k now... 2.73btc later. maybe with many if's
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franky1
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Activity: 4368
Merit: 4742
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May 11, 2021, 02:59:59 AM |
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$200k now for $2.73 mill in 3 years seems pretty sweet. Of course, you could just buy the $200k worth of bitcoin now and wait; forego the mining, electricity cost and pain in the ass.
... you hope btc is $1m each in 3 years.. but lets say it was as you say 3.448btc now($200k) = $3.448mill in 3 years so which will you prefer $200k now for an if.maybe.hope of 2.73btc $200k now for guaranteed 3.448btc i know what im choosing remember.. if a company can make profit. why would they give it all away.. those outside their internal group of special investors(themselves) wont get as much out as those in the internal group they dont give money away for nothing
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Richy_T
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Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 11, 2021, 03:20:42 AM |
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Of course, you could just buy the $200k worth of bitcoin now and wait; forego the mining, electricity cost and pain in the ass.
I didn't realize there was any requirement to interact with Greg Maxwell.
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Biodom
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Activity: 3906
Merit: 4365
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May 11, 2021, 05:10:04 AM |
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OT: ICP, lol. A monstrosity creature of the Valley venture capitalists. Those who invested in the seed (not myself, unfortunately, missed it by 2wk of not paying attention) made out like bandits, but going forward $210bil fully diluted, he he. ...and they were complaining about little doggie.
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xhomerx10
Legendary
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Activity: 3990
Merit: 8707
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May 11, 2021, 05:47:10 AM |
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$200k now for $2.73 mill in 3 years seems pretty sweet. Of course, you could just buy the $200k worth of bitcoin now and wait; forego the mining, electricity cost and pain in the ass.
... you hope btc is $1m each in 3 years.. but lets say it was as you say 3.448btc now($200k) = $3.448mill in 3 years so which will you prefer $200k now for an if.maybe.hope of 2.73btc $200k now for guaranteed 3.448btc i know what im choosing remember.. if a company can make profit. why would they give it all away.. those outside their internal group of special investors(themselves) wont get as much out as those in the internal group they dont give money away for nothing Why do people say, "if a company can make a profit why would they give it all away"? How about if you make a deal to sell me a mining device, shipped to me by a certain date and then I pay you in advance for that miner so you have the funds required to make it all happen (and make yourself a nice little profit on the deal), then you fucking send me the device as promised and not fuck around mining with the devices and making all manner of excuses while waiting for more "parts" to make your customers' miners. I believe that's called fraud. It's water under the bridge now but in the early days of mining, they were nearly all scammers - taking pre-order money and mining with the first devices off the press. KNC's first device was the model for what miner sales should be like - they even shipped on time and with a better hashing rate than promised. It was downright refreshing to say the least. I imagine many people were able to make more bitcoin than they might have been able to buy at the time of sale with their money on those particular miners. It didn't take long for Sam and Co to slide on over to the dark side though. Once video cards were useless for mining bitcoin, I considered myself lucky enough to be screwed over a couple of times very early by ASIC manufacturers/sellers. With very few exceptions, it's never been worth it to mine as opposed to buying bitcoin since that time - the only thing that makes it seem attractive is the fact that the price of bitcoin continues to rise. So you would have been able to buy 40 block eruptors and 4 X 10-port USB3 hubs for ~ $1100 (10 BTC at the time... hypothetically speaking) only to have them become useless for mining in mere months due to the difficulty increases after pumping out just under 1 bitcoin for you. It's all good though because bitcoin went from $90 to $1200 during November that same year - you feel redeemed anyway. I know some people claim to be able to make a profit mining but you need to be able to find really cheap energy in order to eek out a profit from mining. In fact, I remember reading an article where NG Zhang of Caanan said that margins were very tight due to the competition in the mining business - 10% if you were lucky. I choose not to mine ever again - I'm not even interested anymore. I'll just leave that to the amateurs who don't know any better and the pros who do. Remember.. fraudulent misrepresentation.
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thewaterloggers
Jr. Member
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Activity: 31
Merit: 7
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May 11, 2021, 06:43:00 AM |
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Your short post history is pretty much the same. This way, I think you are not going to become very popular here.
Not looking for popularity from an Internet Forum. Only sharing innovative ways to promote Bitcoin to the community via education and ecology. Take it or leave it. If the innovation is too much for moderators, they can continue deleting Anyone else managed to promote Bitcoin on Mothers Day or just me? I hope that was a long enough comment for you to share knowledge. I smell a Cuntonian... Have you ever heard about Kathleen's bike? I have no idea what you mean. All I know is that I still love & wear the hat you gave me sometime ago You did give hats out to a lot of wronguns though. You have yourself to blame as to why I'm here
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aesma
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May 11, 2021, 07:10:58 AM |
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Hello all. Anyone trying to trade the current back and forth ? I'm bad at trading so I'm only using fiat, and fiat I don't need. So either I earn more fiat (and can keep the earnings in either fiat or BTC or a bit of both) or if the price goes down I'm holding "expensive" BTC.
No leverage of course.
I started a few days ago and so far it has worked well.
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El duderino_
Legendary
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Activity: 2660
Merit: 13000
BTC + Crossfit, living life.
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May 11, 2021, 07:15:07 AM |
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Why no szuckerpump
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Arriemoller
Legendary
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Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
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May 11, 2021, 07:30:28 AM |
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Your short post history is pretty much the same. This way, I think you are not going to become very popular here.
Not looking for popularity from an Internet Forum. Only sharing innovative ways to promote Bitcoin to the community via education and ecology. Take it or leave it. If the innovation is too much for moderators, they can continue deleting Anyone else managed to promote Bitcoin on Mothers Day or just me? I hope that was a long enough comment for you to share knowledge. I smell a Cuntonian... Have you ever heard about Kathleen's bike? Ahh, Kathleens bike. https://www.youtube.com/watch?v=3sxLp9YRpg8
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Farmer Bill
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May 11, 2021, 09:09:13 AM |
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Tested 53k again and held. Desperadoes lining up to give away their coin to both the shakers and Mrs. Farmer who stacked a little more at $53.8k
Ignore the troll - 'altogether grews'.
Coffee finished long day ahead.
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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May 11, 2021, 09:10:30 AM |
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Why no szuckerpump ... it all depends on what Zuckerberg does with his goats I'm guessing, it's a kind of too-clever-by-a-half cryptic message? ... like what if he is a goatzucker? ... does he go Max all-in Bitcoin? ride it like a maniac while screaming Gemini-Winklevi!?
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Farmer Bill
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Why no szuckerpump ... it all depends on what Zuckerberg does with his goats I'm guessing, it's a kind of too-clever-by-a-half cryptic message? ... like what if he is a goatzucker? ... does he go Max all-in Bitcoin? ride it like a maniac while screaming Gemini-Winklevi!? 1 merit for making me laugh out loud, that insane image will stay in my head for the rest of the day.
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LoyceV
Legendary
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Activity: 3458
Merit: 17495
Thick-Skinned Gang Leader and Golden Feather 2021
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May 11, 2021, 09:28:44 AM |
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So, the lizard posts his food!
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shahzadafzal
Copper Member
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Activity: 1694
Merit: 3021
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May 11, 2021, 09:59:11 AM |
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What these lizard men are doing? Any idea? Edit:77% Yes Who are these goats voting for doge dog??
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BitcoinBunny
Legendary
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Activity: 1540
Merit: 2766
Far, Far, Far Right Thug
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May 11, 2021, 10:21:23 AM |
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Parazyd
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May 11, 2021, 10:23:34 AM |
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Wish I had merit to send for this +1 WOs Merit at least!
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