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

[noobtrader]

i wonder where he get the magic number 15%  ?

this  https://bitcointalk.org/index.php?topic=28632.0
show that there are about 10-12.5 % inflation atm

I think i see the problem

[...]
(These are made up numbers)
[...]

sarcasm on

yeah riiight... the math behind bitcorn is  just a made up numbers...

sarcasm off

That's not the math behind bitcoin, "(These are made up numbers)" is quoted from the link you have provided.

https://blockchain.info/charts/total-bitcoins?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

you can calculate this yourself, see how much btc at the start then how much at the end and how much % increase... its not made up number

[noobtrader]

...
ah yes, hashrate is nearing ATH again !
shhh... when will the price get to ATH instead

The hashrate has been consistently at the ATH, because until the last two difficulty adjustments it has been climbing.  Hashrate dropping means miners are shutting off their gear.

nope they are not, a lot of them are mining paycoin... now that paycoin goes into pos, they were back... yay... ATH again

I'm surprised by the transparency of bitcoin shilling in this thread, was hoping for a more mature discussion.

https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:   39,457,671,307
Estimated Next Difficulty:   40,614,805,447 (+2.93%)
Adjust time:   After 173 Blocks, About 1.1 days
Hashrate(?):   321,214,650 GH/s
Block Generation Time(?):   
1 block: 9.1 minutes
3 blocks: 27.2 minutes
6 blocks: 54.5 minutes
Updated:   

Dec 17 2014   39,457,671,307   -1.37%   282,449,013 GH/s
Dec 02 2014   40,007,470,271   -0.73%   286,384,627 GH/s
Nov 18 2014   40,300,030,328   1.76%   288,478,854 GH/s
Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s

[ChartBuddy]

Explanation

[Silverspoon]

i wonder where he get the magic number 15%  ?

this  https://bitcointalk.org/index.php?topic=28632.0
show that there are about 10-12.5 % inflation atm

I think i see the problem

[...]
(These are made up numbers)
[...]

sarcasm on

yeah riiight... the math behind bitcorn is  just a made up numbers...

sarcasm off

That's not the math behind bitcoin, "(These are made up numbers)" is quoted from the link you have provided.

https://blockchain.info/charts/total-bitcoins?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

you can calculate this yourself, see how much btc at the start then how much at the end and how much % increase... its not made up number

I quoted the post you have provided.  Please follow your link to read the words "(These are made up numbers)."

[Silverspoon]

...
ah yes, hashrate is nearing ATH again !
shhh... when will the price get to ATH instead

The hashrate has been consistently at the ATH, because until the last two difficulty adjustments it has been climbing.  Hashrate dropping means miners are shutting off their gear.

nope they are not, a lot of them are mining paycoin... now that paycoin goes into pos, they were back... yay... ATH again

I'm surprised by the transparency of bitcoin shilling in this thread, was hoping for a more mature discussion.

https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:   39,457,671,307
Estimated Next Difficulty:   40,614,805,447 (+2.93%)
Adjust time:   After 173 Blocks, About 1.1 days
Hashrate(?):   321,214,650 GH/s
Block Generation Time(?):   
1 block: 9.1 minutes

http://www.coindesk.com/data/bitcoin/
"Avg. time to mine a block 08m 37s"

[noobtrader]

i wonder where he get the magic number 15%  ?

this  https://bitcointalk.org/index.php?topic=28632.0
show that there are about 10-12.5 % inflation atm

I think i see the problem

[...]
(These are made up numbers)
[...]

sarcasm on

yeah riiight... the math behind bitcorn is  just a made up numbers...

sarcasm off

That's not the math behind bitcoin, "(These are made up numbers)" is quoted from the link you have provided.

https://blockchain.info/charts/total-bitcoins?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

you can calculate this yourself, see how much btc at the start then how much at the end and how much % increase... its not made up number

I quoted the post you have provided.  Please follow your link to read the words "(These are made up numbers)."

yes the link of my first post were estimate, but its not too far from blockchain data.  15% is the made up number

[noobtrader]

http://www.coindesk.com/data/bitcoin/
"Avg. time to mine a block 08m 37s"

Last 24 hours

Number of blocks 164
Avg. blocks per hour 6
Avg. time to mine a block 08m 46s
Latest block creation time 2014-12-29 15:49:26
Time taken to mine latest block 20m 36s
Avg. transactions per hour 3,271
Number of transactions

 
are we talking about 1 year timeframe or 24 hour timeframe  


if you were honestly want to know how much inflation btc had this year at least you will see this

http://www.coindesk.com/data/bitcoin-total-circulation/

[JimboToronto]

I'm surprised by the transparency of bitcoin shilling FUD spamming by noobs in this thread, was hoping for a more mature discussion.

ftfy

[Silverspoon]

 
are we talking about 1 year timeframe or 24 hour timeframe  

In the past 24 hrs, the average time to solve a block is down to 8 min. 37sec.  10 min. blocks would yield 10% inflation, longer=lower inflation; shorter=higher.

[noobtrader]

 
are we talking about 1 year timeframe or 24 hour timeframe  

In the past 24 hrs, the average time to solve a block is down to 8 min. 37sec.  10 min. blocks would yield 10% inflation, longer=lower inflation; shorter=higher.

i see... now i agree with you
indeed new ATH in hashrate  makes bigger inflation...

[findftp]

Holding is a good strategy.

Strategy for what?

Profit.

Never saw holding doubling my coins.

[Wandererfromthenorth]

Holding is a good strategy.

Strategy for what?

Profit.

Especially during this 2014:

Very strategy, much bear market, many profitz, wow.

[ChartBuddy]

Explanation

[dakota neat]

Holding is a good strategy.

Strategy for what?

Profit.

Especially during this 2014:

Very strategy, much bear market, many profitz, wow.

Have strong hands and don't sell low. Learn that or lose money. I'm happy with my +2297.74% in two years.

[aliro38]

What if I told you that the real monetary inflation for BTC is actually even higher than most people think?
That's because a lot of BTCs from the early days are totally lost (so nobody owns the private keys anymore, it's like they never existed).


2 million BTCs (minimum) are very probably lost:

http://onbitcoin.com/2013/12/07/bitcoin-spoilage-2-million-bitcoin-likely-lost-old-hard-drives/




The supply of BTC in circulation is actually smaller than believed, that means that the inflation is actually higher.

Hmmm....
So, is it theoretically possible to reconstruct those lost wallets and to get ahold of coins?
Sorry if it sounds so noob-ish (my excuse is I am a noob by all applicable criteria  ) but I can not imagine many holding-water hypotheses for explaining the craziness of mining race. An attempt to crack the wallets (and I assume that for doing the trick a large pool would be needed too) would explain the completely irrational hash-rate increase.
Also, power companies selling their electricity at 3-5x (for now; it used to be a lot higher, maybe 10-15x) market price would explain the hash-rate increase.
And also, another explanation would be the old 'ponzi' etc etc. but I'm not buying that kind.

Please, I'm really interested to get a knowledgeable answer and I'll try to do my best following any references, if provided. I'm asking because for a long time the hashrate is having wild variations, often over 50% in 12-36h and it seems to me that it can not be pure coincidence or statistical variance but rather that someone big is maybe trying something important...
Many thanks!

[dakota neat]

Holding is a good strategy.

Strategy for what?

Profit.

Never saw holding doubling my coins.

You sold your coins. Now you plan to buy back and turned bear troll. You really think you can influence the price by posting nonsene all day in a forum, don't you?

[noobtrader]

What if I told you that the real monetary inflation for BTC is actually even higher than most people think?
That's because a lot of BTCs from the early days are totally lost (so nobody owns the private keys anymore, it's like they never existed).


2 million BTCs (minimum) are very probably lost:

http://onbitcoin.com/2013/12/07/bitcoin-spoilage-2-million-bitcoin-likely-lost-old-hard-drives/




The supply of BTC in circulation is actually smaller than believed, that means that the inflation is actually higher.

Hmmm....
So, is it theoretically possible to reconstruct those lost wallets and to get ahold of coins?
Sorry if it sounds so noob-ish (my excuse is I am a noob by all applicable criteria  ) but I can not imagine many holding-water hypotheses for explaining the craziness of mining race. An attempt to crack the wallets (and I assume that for doing the trick a large pool would be needed too) would explain the completely irrational hash-rate increase.
Also, power companies selling their electricity at 3-5x (for now; it used to be a lot higher, maybe 10-15x) market price would explain the hash-rate increase.
And also, another explanation would be the old 'ponzi' etc etc. but I'm not buying that kind.

Please, I'm really interested to get a knowledgeable answer and I'll try to do my best following any references, if provided. I'm asking because for a long time the hashrate is having wild variations, often over 50% in 12-36h and it seems to me that it can not be pure coincidence or statistical variance but rather that someone big is maybe trying something important...
Many thanks!

if you want to reconstruct wallet then you should go for the rich list
http://bitcoinrichlist.com/top100

not some unknown smallish lost coin and even if its possible. 

[Silverspoon]

I'm happy with my +2297.74% in two years.

But you've only joined this forum in June and were buying in the 600s?  Can you explain how you calculate your profits?

[ejinte]

USD is up against almost all other currencies, not only crypto, I find this strange.

[dakota neat]

I'm happy with my +2297.74% in two years.

But you've only joined this forum in June and were buying in the 600s?  Can you explain how you calculate your profits?

I'm doing fine, don't care about me.