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

[adamstgBit]

So I heard the Chinese are good at ping pong
http://www.bit-sky.com/index.php/english/663-nongovernmental-currency

lol yes! that much is clear.

[klondike_bar]

unless I am a large scale ASIC producer.
...
I could dump all the coins I produce and make really fast and big profits.

  Even if hardware is free, which it is not, exponentially rising difficulty means it will cost more than $500 in power alone to produce 1 btc this time next year.  It would be utterly insane to sell mined coins into the market.  You only sell if you have a contractual obligation with a fund.  I know miners who do have such obligations.  Their customers are not selling those coins at these prices, no sir.

There's some big operations using renewable power now, I've not done the sums but they should be profitable at much lower levels. Imho its the only direction mining can take as electricity costs translate almost directly into profits.

Renewable energy is expensive to generate and the valuable but somewhat perishable ASICs can't be sitting idle when the sun doesn't shine and the wind doesn't blow. I'd like to see the cost calculation of these renewable miners. I highly doubt it makes sense.

i've been looking into solar for fun
and it seems to me pretty much any size system will take about 10years to pay itself off
It almost makes more sense to buy into some guaranteed 1-3% investments...
But there are some real advantages to owning a solar system, when there's a power outage your pretty much unaffected... hmm that is all i guess.
cleaner for the environment is some what debatable took a lot of energy to build the system, the batteries certainly aren't environmentally friendly...
pretty sure solar doesn't make much sense.

one thing that ive rarely seen come up in solar power conversations is the fact that you are capturing a huge fraction of the solar energy onto the black panel, rather then reflecting it back into the air/space like if it hit water or hit green foliage. Solar Panels effectively act like blacktop pavement in that regard.

MO, the future is wave power and nuclear.

[ChartBuddy]

Explanation

[BBmodBB]

unless I am a large scale ASIC producer.
...
I could dump all the coins I produce and make really fast and big profits.

  Even if hardware is free, which it is not, exponentially rising difficulty means it will cost more than $500 in power alone to produce 1 btc this time next year.  It would be utterly insane to sell mined coins into the market.  You only sell if you have a contractual obligation with a fund.  I know miners who do have such obligations.  Their customers are not selling those coins at these prices, no sir.

There's some big operations using renewable power now, I've not done the sums but they should be profitable at much lower levels. Imho its the only direction mining can take as electricity costs translate almost directly into profits.

Renewable energy is expensive to generate and the valuable but somewhat perishable ASICs can't be sitting idle when the sun doesn't shine and the wind doesn't blow. I'd like to see the cost calculation of these renewable miners. I highly doubt it makes sense.

i've been looking into solar for fun
and it seems to me pretty much any size system will take about 10years to pay itself off
It almost makes more sense to buy into some guaranteed 1-3% investments...
But there are some real advantages to owning a solar system, when there's a power outage your pretty much unaffected... hmm that is all i guess.
cleaner for the environment is some what debatable took a lot of energy to build the system, the batteries certainly aren't environmentally friendly...
pretty sure solar doesn't make much sense.

we have an 'on grid' system and it makes heaps of sense...folks here can't get a system quick enough...power costs have close to doubled in the last 12 months and are set to rise further...we only have six panels but make enough power that our bills are going down.  Many are getting 12/15 panels and actually getting credits. But we get more sunshine hours than most

As for the investment, it will take about 6 years to 'pay off' in our example but you also have to remember that it adds considerable value to your property both economically and socially.  Most people also report getting a good feeling by doing the right thing environmentally (but I know most here care little for the environment)

Battery systems are a different beast.
Power goes out...play cards, talk to each other, enjoy the lack of 'hum'.

I can see how it would make tons of sense in area where you get a lot of sun and power cost are high.
not sure it makes much sense here in the north.
i'm hoping the tech improves a bit, then i might be incline to set up a small system and help the environment in a small way, getting a good feeling by doing the right thing, is almost as good as BTC profits, almost!

^why my hydrogen miner keeps overheating!scrrrrrr =(

[Pruden]

one thing that ive rarely seen come up in solar power conversations is the fact that you are capturing a huge fraction of the solar energy onto the black panel, rather then reflecting it back into the air/space like if it hit water or hit green foliage. Solar Panels effectively act like blacktop pavement in that regard.

MO, the future is wave power and nuclear.

You made me look it up. Solar panels albedo are equal to Earth's average, 0.3, much greater than new or even worn asphalt. I guess this is why it rarely comes up in solar power conversations.

Also, are you thinking of putting solar panels on water?  

 http://www.treehugger.com/renewable-energy/ask-pablo-do-solar-panels-contribute-to-the-heat-island-effect.html

[fonzie]

Someone call a doctor, quick!

[podyx]

 

[tarmi]

Someone call a doctor, quick!

so much interest for cheap coins.

[fonzie]

Someone call a doctor, quick!
--

so much interest for cheap coins.

 

[macsga]

[podyx]

guy who had wall at 510 moved it to 505

still keeping up though

bullish imo, i really do believe we gonna see an uptrend in a couple days/weeks

fucking finally

[BBmodBB]

one thing that ive rarely seen come up in solar power conversations is the fact that you are capturing a huge fraction of the solar energy onto the black panel, rather then reflecting it back into the air/space like if it hit water or hit green foliage. Solar Panels effectively act like blacktop pavement in that regard.

MO, the future is wave power and nuclear.

You made me look it up. Solar panels albedo are equal to Earth's average, 0.3, much greater than new or even worn asphalt. I guess this is why it rarely comes up in solar power conversations.

Also, are you thinking of putting solar panels on water?  

 http://www.treehugger.com/renewable-energy/ask-pablo-do-solar-panels-contribute-to-the-heat-island-effect.html

PEM-FC(MINER?) >> http://www.caer.uky.edu/catalysis/research/research.shtml


;-)

[ChartBuddy]

Explanation

[aminorex]

Gox is not out, they still admit to hold 1/3 of the money, the quiestion now is when will they pay back? I don't really understand what's going on with them, they lost some BTC and still hold some, why not redistribute those among their clients to at least show some good will?

It's not up to them now, it's up to the court.

[silverston]

a couple days/weeks

months/years/....  

[JayJuanGee]

..... 16,000,000 USD is still not a powerful number in this market, be it long or short. but not to contradict myself, I believe short squeezes will affect the market not because there are more or less of them, but because of who has gone short, and where they have gone short. The key is panic, panic moves the market by market orders.

Those traders sitting quite content with longs are not necessarily going to be squeezed if they prove to be stout, 16 million USD can be ignored.

What I see is that the market found a natural bottom after panic selling. that pressure has been relieved, and there is no more until something bad is confirmed by the chinese govt, and even then, the market is partially prepared.

I keep thinking if Bitcoin can get into the 100 billion dollar market cap, then the manipulation will become a lot more difficult... but if the market is still driven by 200 million on the exchanges, then the exchanges can drive some of the volatility b/c it does NOT take a lot of money to manipulate... even compared to gold.. with approximately a 7 trillion dollar market cap.

[S3052]

big move coming soon, probably in the next 48h

[Hypnoise]

big move coming soon, probably in the next 48h

Oh yeah baby something exiting .....

But right now it looks like orthopedic bed, hate it.

[JayJuanGee]

I believe we'll see consodilation for some days or maybe even weeks before we start a new uptrend and a new journey to a new ATH (my guess is $6k)

When we gonna get to 6k?  

I am sorry but I proclaimed that I was a HODL kind of guy... however, if we get to 6K very quickly, as in within the next year, I am going to have to SODL a bit in order to relieve myself somewhat... and then buy in again at $4000... he he he... .. but then if we convert to mBTC, then that will only be $6 per mBTC and $4 per mBTC respectively.. .what a bargain!!!!!!!

[JorgeStolfi]

big move coming soon, probably in the next 48h

Of course, in 48 hours we will probably know whether the "PBoC ban" rumour is true or not.  Either way, we can expect a large change in price.