Claudiu
Newbie
 Offline
Activity: 7
Merit: 0
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October 28, 2014, 07:59:42 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
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ChartBuddy
Legendary
Offline
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 28, 2014, 08:00:34 AM |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 28, 2014, 08:28:24 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
bitcoin production price is atm 131 and sold as 351... it seem fair price to me |
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EhQ9FgrN
Newbie
Offline
Activity: 1
Merit: 0
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October 28, 2014, 08:31:47 AM |
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we are going nowhere but down
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magicmexican
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October 28, 2014, 08:31:58 AM |
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1d macd fail dump? Last time it happened there was a small rally to 650 -  |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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October 28, 2014, 08:42:16 AM |
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we are going nowhere but down
that's what she said |
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o0‡0o
Full Member
Offline
Activity: 227
Merit: 103
Have faith.
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October 28, 2014, 08:53:38 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
bitcoin production price is atm 131 and sold as 351... it seem fair price to me If you did not make a investment some time in the past, can you show me how to produce a bitcoin for 131 today |
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Totscha
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October 28, 2014, 08:59:35 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
bitcoin production price is atm 131 and sold as 351... it seem fair price to me I'm going to say this makes no sense. 170% is a nice profit margin. If this was the case we would not see the diff level off like it has in the last month. I would also like to see where you got those numbers from...  |
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ChartBuddy
Legendary
Offline
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 28, 2014, 09:00:35 AM |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 28, 2014, 09:45:01 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
bitcoin production price is atm 131 and sold as 351... it seem fair price to me I'm going to say this makes no sense. 170% is a nice profit margin. If this was the case we would not see the diff level off like it has in the last month. I would also like to see where you got those numbers from... here is my calculation : http://www.coinwarz.com/miningprofitability/sha-256/?hr=1400.00&p=990.00&pc=0.1000&e=Bitstampthe cost of one bitcoin is (just electricity) : we need 52 days x $2.38 for electricity -----> 52x2.38=123 usd (more or less) but this is without ROI cost, it only the electricity, and the operator work for free. PS: @ 1.4 T we need about 52 days to create 1 bitcoin. |
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JayJuanGee
Legendary
Offline
Activity: 3892
Merit: 11126
Self-Custody is a right. Say no to"Non-custodial"
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October 28, 2014, 09:46:00 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
bitcoin production price is atm 131 and sold as 351... it seem fair price to me I'm going to say this makes no sense. 170% is a nice profit margin. If this was the case we would not see the diff level off like it has in the last month. I would also like to see where you got those numbers from... Numbers gotten from: out of ass...   |
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JayJuanGee
Legendary
Offline
Activity: 3892
Merit: 11126
Self-Custody is a right. Say no to"Non-custodial"
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October 28, 2014, 09:49:53 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
bitcoin production price is atm 131 and sold as 351... it seem fair price to me I'm going to say this makes no sense. 170% is a nice profit margin. If this was the case we would not see the diff level off like it has in the last month. I would also like to see where you got those numbers from... here is my calculation : http://www.coinwarz.com/miningprofitability/sha-256/?hr=1400.00&p=990.00&pc=0.1000&e=Bitstampthe cost of one bitcoin is (just electricity) : we need 52 days x $2.38 for electricity -----> 52x2.38=123 usd (more or less) but this is without ROI cost, it only the electricity, and the operator work for free. PS: @ 1.4 T we need about 52 days to create 1 bitcoin. In other words, you took one of the costs (electricity), and calculated that one cost, and then you thereafter concluded that the one cost (electricity) was all the costs to produce a bitcoin while conceding that you had failed and/or refused to account for any additional costs (including other operational costs and equipment costs). In other words, you have NOT provided a complete and/or accurate accounting for how much it costs to produce an actual bitcoin in modern and/or real world times. |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 28, 2014, 09:51:31 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
bitcoin production price is atm 131 and sold as 351... it seem fair price to me I'm going to say this makes no sense. 170% is a nice profit margin. If this was the case we would not see the diff level off like it has in the last month. I would also like to see where you got those numbers from... here is my calculation : http://www.coinwarz.com/miningprofitability/sha-256/?hr=1400.00&p=990.00&pc=0.1000&e=Bitstampthe cost of one bitcoin is (just electricity) : we need 52 days x $2.38 for electricity -----> 52x2.38=123 usd (more or less) but this is without ROI cost, it only the electricity, and the operator work for free. PS: @ 1.4 T we need about 52 days to create 1 bitcoin. In other words, you took one of the costs, and calculated that cost, and then you thereafter concluded that the one cost was all the costs while conceding that you had failed and/or refused to account for any additional costs. In other words, you have NOT provided a complete and/or accurate accounting for how much it costs to produce each bitcoin. hmmm... but what if the electricity was free  |
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JayJuanGee
Legendary
Offline
Activity: 3892
Merit: 11126
Self-Custody is a right. Say no to"Non-custodial"
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October 28, 2014, 09:53:55 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
bitcoin production price is atm 131 and sold as 351... it seem fair price to me I'm going to say this makes no sense. 170% is a nice profit margin. If this was the case we would not see the diff level off like it has in the last month. I would also like to see where you got those numbers from... here is my calculation : http://www.coinwarz.com/miningprofitability/sha-256/?hr=1400.00&p=990.00&pc=0.1000&e=Bitstampthe cost of one bitcoin is (just electricity) : we need 52 days x $2.38 for electricity -----> 52x2.38=123 usd (more or less) but this is without ROI cost, it only the electricity, and the operator work for free. PS: @ 1.4 T we need about 52 days to create 1 bitcoin. In other words, you took one of the costs (electricity), and calculated that one cost, and then you thereafter concluded that the one cost (electricity) was all the costs to produce a bitcoin while conceding that you had failed and/or refused to account for any additional costs (including other operational costs and equipment costs). In other words, you have NOT provided a complete and/or accurate accounting for how much it costs to produce an actual bitcoin in modern and/or real world times. hmmm... but what if the electricity was free What if? If the electricity is free then there are more profits; and those are incentives for mining and incentives for dumping coins, but mining costs also are NOT a reflection of the totality of factors that affect current bitcoin prices. |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 28, 2014, 09:56:40 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
bitcoin production price is atm 131 and sold as 351... it seem fair price to me I'm going to say this makes no sense. 170% is a nice profit margin. If this was the case we would not see the diff level off like it has in the last month. I would also like to see where you got those numbers from... here is my calculation : http://www.coinwarz.com/miningprofitability/sha-256/?hr=1400.00&p=990.00&pc=0.1000&e=Bitstampthe cost of one bitcoin is (just electricity) : we need 52 days x $2.38 for electricity -----> 52x2.38=123 usd (more or less) but this is without ROI cost, it only the electricity, and the operator work for free. PS: @ 1.4 T we need about 52 days to create 1 bitcoin. In other words, you took one of the costs, and calculated that cost, and then you thereafter concluded that the one cost was all the costs while conceding that you had failed and/or refused to account for any additional costs. In other words, you have NOT provided a complete and/or accurate accounting for how much it costs to produce each bitcoin. hmmm... but what if the electricity was free What if? If the electricity is free then there are more profits; and those are incentives for mining and incentives for dumping coins, but mining costs also are NOT a reflection of the totality of factors that affect current bitcoin prices. thats why i was sayng the price above 300 was fair, i didnt said that the miner get 140% profit or anything... pls check again |
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ChartBuddy
Legendary
Offline
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 28, 2014, 10:00:35 AM |
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JayJuanGee
Legendary
Offline
Activity: 3892
Merit: 11126
Self-Custody is a right. Say no to"Non-custodial"
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October 28, 2014, 10:07:35 AM |
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one cant know if it is cheap or not, because the price is not included in the protocol
bitcoin production price is atm 131 and sold as 351... it seem fair price to me I'm going to say this makes no sense. 170% is a nice profit margin. If this was the case we would not see the diff level off like it has in the last month. I would also like to see where you got those numbers from... here is my calculation : http://www.coinwarz.com/miningprofitability/sha-256/?hr=1400.00&p=990.00&pc=0.1000&e=Bitstampthe cost of one bitcoin is (just electricity) : we need 52 days x $2.38 for electricity -----> 52x2.38=123 usd (more or less) but this is without ROI cost, it only the electricity, and the operator work for free. PS: @ 1.4 T we need about 52 days to create 1 bitcoin. In other words, you took one of the costs, and calculated that cost, and then you thereafter concluded that the one cost was all the costs while conceding that you had failed and/or refused to account for any additional costs. In other words, you have NOT provided a complete and/or accurate accounting for how much it costs to produce each bitcoin. hmmm... but what if the electricity was free What if? If the electricity is free then there are more profits; and those are incentives for mining and incentives for dumping coins, but mining costs also are NOT a reflection of the totality of factors that affect current bitcoin prices. thats why i was sayng the price above 300 was fair, i didnt said that the miner get 140% profit or anything... pls check again Based on my fairly quick perusal, whatever point(s) your making, those points do NOT seem to be based on very complete cost calculations.... that's my main point in responding to your posts. |
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paul2000
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October 28, 2014, 10:10:11 AM |
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When FinCEN says that virtual currency payment systems and trading platforms are money transmitters, FinCEN says that virtual currencys are money.
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solex
Legendary
Offline
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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October 28, 2014, 10:10:55 AM |
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hmmm... but what if the electricity was free Like at mom & dad's house? |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 28, 2014, 10:14:02 AM |
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hmmm... but what if the electricity was free Like at mom & dad's house? more like if your boss paying for the electricity. or solar power |
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