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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26337061 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
philipma1957
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January 12, 2022, 11:55:00 PM
Merited by JayJuanGee (1), ImThour (1)

What is this? Sideways for ants?
Ant pumps are going for long and maybe now these ants have turned to big lizards so now stop CB please and give some boost out pumps to elephant's also Grin

Even if you want to make some tortoise moves then do it but make them in forward direction not around the circle of $41k-$43k.

C'mon have some btc food and spill out some pumps for us also Wink

To some extent, "it is what it is."   $43k and even touching upon $44k feels relatively better than when we had our dipping down to $40k and even touching into the upper $30ks.. even for how short of a time that it was... .. not a good feeling...

So, yeah getting a bit more UPpity should not be a bad thing, and maybe we cannot start resting assured about our bottom of $39,559 for this correction period being "in" until getting into the upper $40ks and even in the lower $50ks, but maybe we cannot really start to feel some kind of assurance that our distance from that $39,559 bottom is sufficiently great enough to be "in" until we get supra $52k or even supra $53k.. Currently, I am thinking supra $53k... even though getting above $50k could perhaps be enough.. I just feel it might not be enough to start to feel some confidence that the local bottom of $39,559 is "in."


Any mining expert can disclose how many machines or how much it currently would cost to set up a mining arrangement that produces 126 Terahashes (TH) of mining power?

1 th earns .2296 usd  a day
10 th earns 2.296 usd a day
100 th earns 22.96 usd a day

126 th earns 28.93 usd a day

1000 th earns 229.60 usd a day
10000 th earns 2296.00 usd a day
100000 th earns 22960.00 usd a day
1000000th earns 229600.00 usd a day


1260000th earns  289,300.00 usd a day just about 1 block if rewards were .15 btc as 6.40 x 44000 = 281600

so he earned about 10,000 days worth of coin rather than 1

best machines to get exactly 126 th would be say 3 antminer t17 units or 2 whatsminer m20s units.

So basically it was hitting a 10000 to one shot.
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January 13, 2022, 12:01:36 AM


Explanation
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January 13, 2022, 12:08:12 AM


Not sure many potheads can really make an impact on studies posted on pubmed by the National Institute of Health... but yea, Otherwise I understand your skepticism.

Those people went to uni. I also went to uni. I can tell you that it's not a stretch.
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January 13, 2022, 12:13:59 AM

Bye bye Firefox
I absolutely hate the modern world, and how everyone has to follow the same agenda i.e looking good to their customers. Looking like they care about the world, when really they're cherry picking things that they can do away with, but as mentioned above the very thing they cater to; the internet uses a tonne of resources, and will likely keep increasing massively in the future.

I just wish some companies were inspired, and brave enough to try something against the grain, and instead of removing something that is perceived bad, start to change the opinion of the population, and who knows even contribute to bettering the technology itself. You know, like a certain Cryptocurrency creator did...

Its very likely that this perception of the general public about how bad Bitcoin is to the environment, and how it effects climate change is partly the reason why its taken a little fall. I'm not really complaining too much about that to be honest, I get to earn a little more Bitcoin than I would have if it stayed where it was at, and I'm confident in the future we'll actually be able to largely reduce this reputation. Its just annoying to see brands, and services I prefer coming out with nonsense like this. I know they haven't completely removed it yet, since they're conducting a review, but they likely will after they feel the pressure from the public.

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January 13, 2022, 12:40:02 AM

Be careful out there, brothers.

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January 13, 2022, 12:56:37 AM

Bye bye Firefox
Its very likely that this perception of the general public about how bad Bitcoin is to the environment, and how it effects climate change is partly the reason why its taken a little fall. I'm not really complaining too much about that to be honest, I get to earn a little more Bitcoin than I would have if it stayed where it was at, and I'm confident in the future we'll actually be able to largely reduce this reputation. Its just annoying to see brands, and services I prefer coming out with nonsense like this. I know they haven't completely removed it yet, since they're conducting a review, but they likely will after they feel the pressure from the public.



The Mozilla foundation had already shown signs they'd been compromised. Fortunately, people are picking up on these things ever more quickly and the wait for alternatives gets shorter all the time.
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January 13, 2022, 01:01:26 AM


Explanation
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January 13, 2022, 01:28:04 AM

…..

That's what happened to the lucky miner who got 6.25 BTC so soon. It was pure luck. The probability of you and me getting this lucky is practically zero, as was his.

Few understand this.
Yup.
Hence mining pools.

Fun fact…
I used to solo mine a shitcoin that could only be solo mined, no pools.
I did okay. Usually found about 5 blocks a day on average (about 2$ worth)with a 750ti.
Traded em all for bitcoin at end of every month. Fun stuff and kept me amused…

You suck!!!!!!
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January 13, 2022, 01:54:05 AM

…..

That's what happened to the lucky miner who got 6.25 BTC so soon. It was pure luck. The probability of you and me getting this lucky is practically zero, as was his.

Few understand this.
Yup.
Hence mining pools.

Fun fact…
I used to solo mine a shitcoin that could only be solo mined, no pools.
I did okay. Usually found about 5 blocks a day on average (about 2$ worth)with a 750ti.
Traded em all for bitcoin at end of every month. Fun stuff and kept me amused…

You suck!!!!!!

 #@$% shitcoin enabler.
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January 13, 2022, 02:01:26 AM


Explanation
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January 13, 2022, 02:15:46 AM
Merited by xhomerx10 (1), sirazimuth (1)

…..

That's what happened to the lucky miner who got 6.25 BTC so soon. It was pure luck. The probability of you and me getting this lucky is practically zero, as was his.

Few understand this.
Yup.
Hence mining pools.

Fun fact…
I used to solo mine a shitcoin that could only be solo mined, no pools.
I did okay. Usually found about 5 blocks a day on average (about 2$ worth)with a 750ti.
Traded em all for bitcoin at end of every month. Fun stuff and kept me amused…


couldn't help myself!
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January 13, 2022, 02:37:47 AM
Merited by JayJuanGee (1)

Any mining expert can disclose how many machines or how much it currently would cost to set up a mining arrangement that produces 126 Terahashes (TH) of mining power?

1 th earns .2296 usd  a day
10 th earns 2.296 usd a day
100 th earns 22.96 usd a day

126 th earns 28.93 usd a day

1000 th earns 229.60 usd a day
10000 th earns 2296.00 usd a day
100000 th earns 22960.00 usd a day
1000000th earns 229600.00 usd a day


1260000th earns  289,300.00 usd a day just about 1 block if rewards were .15 btc as 6.40 x 44000 = 281600

so he earned about 10,000 days worth of coin rather than 1

best machines to get exactly 126 th would be say 3 antminer t17 units or 2 whatsminer m20s units.

So basically it was hitting a 10000 to one shot.

Which means that, at the reference difficulty level, it can be expected to happen every 10,000 blocks * 10 min/block = 100,000 minutes.

That is, once in 70 days - or 10 weeks.

Definitely not a once in a lifetime event, if Philip's numbers are correct.
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January 13, 2022, 02:45:35 AM
Merited by d_eddie (1)

Any mining expert can disclose how many machines or how much it currently would cost to set up a mining arrangement that produces 126 Terahashes (TH) of mining power?

1 th earns .2296 usd  a day
10 th earns 2.296 usd a day
100 th earns 22.96 usd a day

126 th earns 28.93 usd a day

1000 th earns 229.60 usd a day
10000 th earns 2296.00 usd a day
100000 th earns 22960.00 usd a day
1000000th earns 229600.00 usd a day


1260000th earns  289,300.00 usd a day just about 1 block if rewards were .15 btc as 6.40 x 44000 = 281600

so he earned about 10,000 days worth of coin rather than 1

best machines to get exactly 126 th would be say 3 antminer t17 units or 2 whatsminer m20s units.

So basically it was hitting a 10000 to one shot.

Which means that it can be expected to happen every 10,000 blocks * 10 min/block = 100,000 minutes.

That is, once in 70 days - or 10 weeks.

Definitely not a once in a lifetime event, if Philip's numbers are correct.

Enough with the Math's & Sciences! What!?! You think you're a Llama now???
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January 13, 2022, 02:48:28 AM
Merited by xhomerx10 (1)

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January 13, 2022, 02:50:04 AM
Merited by philipma1957 (1), JayJuanGee (1)

Which means that, at the reference difficulty level, it can be expected to happen every 10,000 blocks * 10 min/block = 100,000 minutes.

That is, once in 70 days - or 10 weeks.

Definitely not a once in a lifetime event, if Philip's numbers are correct.

Once in 10k days, not blocks.
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January 13, 2022, 03:01:36 AM


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January 13, 2022, 03:04:15 AM
Merited by vapourminer (1), Copetech (1)

Which means that, at the reference difficulty level, it can be expected to happen every 10,000 blocks * 10 min/block = 100,000 minutes.

That is, once in 70 days - or 10 weeks.

Definitely not a once in a lifetime event, if Philip's numbers are correct.

Once in 10k days, not blocks.

Good of you to set me straight, @suchmoon.
Hm, so Philip's numbers were correct, but apparently my lucidity was a bit off.
I should really have left the math to the llamas.
philipma1957
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January 13, 2022, 03:13:38 AM

Any mining expert can disclose how many machines or how much it currently would cost to set up a mining arrangement that produces 126 Terahashes (TH) of mining power?

1 th earns .2296 usd  a day
10 th earns 2.296 usd a day
100 th earns 22.96 usd a day

126 th earns 28.93 usd a day

1000 th earns 229.60 usd a day
10000 th earns 2296.00 usd a day
100000 th earns 22960.00 usd a day
1000000th earns 229600.00 usd a day


1260000th earns  289,300.00 usd a day just about 1 block if rewards were .15 btc as 6.40 x 44000 = 281600

so he earned about 10,000 days worth of coin rather than 1

best machines to get exactly 126 th would be say 3 antminer t17 units or 2 whatsminer m20s units.

So basically it was hitting a 10000 to one shot.

Which means that, at the reference difficulty level, it can be expected to happen every 10,000 blocks * 10 min/block = 100,000 minutes.

That is, once in 70 days - or 10 weeks.

Definitely not a once in a lifetime event, if Philip's numbers are correct.

my numbers are based on 1 day of mining ie 144 blocks

not on 1 block that would be 144 x 10000 = 1,440,000 to 1 for a block

or 10,000 to one for a day.

I used the daily payout for 1 th at viabtc.

to get the numbers.
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January 13, 2022, 04:01:27 AM


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January 13, 2022, 04:26:28 AM
Last edit: January 13, 2022, 04:45:54 AM by hisslyness
Merited by vapourminer (1)

Any mining expert can disclose how many machines or how much it currently would cost to set up a mining arrangement that produces 126 Terahashes (TH) of mining power?

1 th earns .2296 usd  a day
10 th earns 2.296 usd a day
100 th earns 22.96 usd a day

126 th earns 28.93 usd a day

1000 th earns 229.60 usd a day
10000 th earns 2296.00 usd a day
100000 th earns 22960.00 usd a day
1000000th earns 229600.00 usd a day


1260000th earns  289,300.00 usd a day just about 1 block if rewards were .15 btc as 6.40 x 44000 = 281600

so he earned about 10,000 days worth of coin rather than 1

best machines to get exactly 126 th would be say 3 antminer t17 units or 2 whatsminer m20s units.

So basically it was hitting a 10000 to one shot.

Which means that, at the reference difficulty level, it can be expected to happen every 10,000 blocks * 10 min/block = 100,000 minutes.

That is, once in 70 days - or 10 weeks.

Definitely not a once in a lifetime event, if Philip's numbers are correct.

my numbers are based on 1 day of mining ie 144 blocks

not on 1 block that would be 144 x 10000 = 1,440,000 to 1 for a block

or 10,000 to one for a day.

I used the daily payout for 1 th at viabtc.

to get the numbers.

This is not a once in a 70 Day chance, if it was we all be hearing about it and everyone would be solo mining... You will need about 17,500TH to be hitting a block every 70days.

You are using a PPS method to calculate the above. Statistically it is what you would generate with the current network difficulty.

Excluding fees/cost/etc and any network diff changes, you are earning 0.00065BTC a day

If difficulty was to never rise and fall, it would take approx 9,615 days to generate 6.25BTC or approx 26 Years.

Here are some numbers and facts to drool over...

Every hash has an equal chance of hitting a block
There is approx. 175,000,000TH or 175,000,000,000,000,000,000 Hash
126TH  or 126,000,000,000,000 Hash is approx 0.000072% of the over all hash rate
Remember, statistically speaking, you will never hit a block, but that doesn't mean you will not get lucky. (glitch in the Matrix)

So yes it is a once in a life time hit.





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