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

[NotLambchop]

...
Yeah, hardware costs were recovered long ago.

And that's why, when you drop by the hardware section, all you see is happy miners stacking cheddar.  No complaints about losing their "investment" due to manufacturers like HashFast, KNC, BFL, VirtualMining, etc., etc., etc.

Good story, brah

[BlindMayorBitcorn]

...
Yeah, hardware costs were recovered long ago.

And that's why, when you drop by the hardware section, all you see is happy miners stacking cheddar.  No complaints about losing their "investment" due to manufacturers like HashFast, KNC, BFL, VirtualMining, etc., etc., etc.

Good story, brah

Can you make 100$ btc too??

[Fatman3001]

It looks like bitmains antpool is exploding with new mining farms based on their new antminer s5. I guess we will get a difficulty increase after all.

[criptix]

so we now at bitcoin mining cost of 100$ from miners need to dump 3600 coins asap everyday to cover their cost?  

[shmadz]

Re: mining. I think a lot of people were figuring their profit loss based on calculators that assumed the exponential increase in difficulty would continue forever.

Also, I think calculating the cost/profit/loss of a mining rig should not take into account fiat conversion and should be done purely in bitcoin.

The early batch of Neptune miners were available for around 11 to 12 bitcoins each for existing customers of KNC. At that price I was fairly confident that I would be able to mine at least that much back within 6 months of receiving the hardware... of course that is all highly dependant on when you receive hardware, difficulty, etc... many variables... much risk.

I've been mining since 2011 and I plan to continue mining until I move somewhere where it's not -20 degrees outside for 6 months out of the year  

[Fatman3001]

so we now at bitcoin mining cost of 100$ from miners need to dump 3600 coins asap everyday to cover their cost?  

$100 is just electricity. Large mining farms have other overhead costs and often the cost of capital to worry about as well. If they did their maths at $600 and were expecting $850-$1200, they be dumping like a mofo.

[BlindMayorBitcorn]

so we now at bitcoin mining cost of 100$ from miners need to dump 3600 coins asap everyday to cover their cost?  

$100 is just electricity. Large mining farms have other overhead costs and often the cost of capital to worry about as well. If they did their maths at $600 and were expecting $850-$1200, they be dumping like a mofo.

What overhead?

via Imgflip Meme Maker

[NotLambchop]

so we now at bitcoin mining cost of 100$ from miners need to dump 3600 coins asap everyday to cover their cost?  

$100 is just electricity. ...

That's why I agree with Elwar--there's a much greater profit margin for small miners vs megamines.
Can megamines buy gear with mom's credit card & set it up in mom's basement (where electricity is free)?
Hell no!

[pjviitas]

you can call bs, but I get similar numbers - about 100~120 $ for 1 btc.

hardware cost excluded, but most hardware is working for months already. hell, i got bitfury gear which is more than 1 year old and still mining with profit.

Ok Genius....how long for return on investment if I buy one of these?

https://bitmaintech.com/productDetail.htm?pid=00020140926075515819D846Og240603

[babaquara]

where the $100/BTC mining guy lives?

In China/Vietnam, or any other almost free country?

Or the $100 are to bribe the police and the energy company about the energy fraud he is doing?

[BlindMayorBitcorn]

so we now at bitcoin mining cost of 100$ from miners need to dump 3600 coins asap everyday to cover their cost?  

$100 is just electricity. ...

That's why I agree with Elwar--there's a much greater profit margin for small miners vs megamines.
Can megamines buy gear with mom's credit card & set it up in mom's basement (where electricity is free)?
Hell no!

How is NotLambChop so consistently right and everybody above Hero has him on ignore. I think we are the have-nots here, folks

[ChartBuddy]

Explanation

[ticoti]

it looks that we have entered into a momentary lateral market

the one who bought the 10k was trying to get this up but I think this is going to the floor after the lateral market finishes

[explorer]

it looks that we have entered into a momentary lateral market

the one who bought the 10k was trying to get this up but I think this is going to the floor after the lateral market finishes

Its starting to look positive.  Stupid dinosaur banking... 3-5 days to transfer money    It would be faster by Pony Express.  I think its time to catch the next dip, if my money ever reaches the exchange.

[fewcoins]

It looks like bitmains antpool is exploding with new mining farms based on their new antminer s5. I guess we will get a difficulty increase after all.

When?! Looks like we keep going down down down... hopefully the price doesn't!!!

[ChartBuddy]

Explanation

[CrazyRabbi]

Explanation

Dude ChartBuddy I swear on me mum please just stfu... 

[explorer]

Explanation

Dude ChartBuddy I swear on me mum please just stfu... 

The Ignore button is in the bottom left of each post.  Please use it before everyone else does.

[oblox]

Explanation

Dude ChartBuddy I swear on me mum please just stfu... 

You do know it's a bot right? Every hour, look at the time stamps...

[ChartBuddy]

Explanation