Billbags
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August 14, 2014, 03:38:30 PM Last edit: August 14, 2014, 03:57:18 PM by Billbags |
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It all adds in there, but most people I know sold a lot last month so they could buy at this month's prices. Around July 24 we got a good indication of low prices that would start and stay through August. Most of us sold. It's almost time to start the buying again. And I'm ready. Once the buying starts, it will stimulate the market with all the buying transactions of the non-hoarded coins and that will help drive the price back up, mabey even higher than it was.
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bobsav2121
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August 14, 2014, 04:13:29 PM |
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It all adds in there, but most people I know sold a lot last month so they could buy at this month's prices. Around July 24 we got a good indication of low prices that would start and stay through August. Most of us sold. It's almost time to start the buying again. And I'm ready. Once the buying starts, it will stimulate the market with all the buying transactions of the non-hoarded coins and that will help drive the price back up, mabey even higher than it was.
I was looking thru the blockchain last night and there were a LOT of big $$ transactions, I'm talking 5 and 6 figure, a lot more than I've ever seen before. Bob
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bozo333
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August 14, 2014, 04:14:31 PM |
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It seems because of difficulty is going up and in the same time now bitcoin price is going down AntMiner S1 will be worthless to run sooner rather then later... Only good possibility is in cold winter to overclock them if your electricity is "free"... you can use them as electrical heater in the same time... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) You can upgrade your S1 to be just as fast and same efficiency as the S3 for .46 btc. https://bitmaintech.com/productDetail.htm?pid=0002014081313175081722f1GeUO063F JT From their home page: The sale of S1 Upgrade Kit is 0.46 BTC each including international shipping, which starts on September 20th or earlier. Now do your math...The next ~25% diff. increase in a few days plus 2 more until you get your kit (assuming on time delivery 9/20). So diff. at about 29,000,000,000 Daily BTC before expenses around 0.0076 then, after power cost (10c Kwh) thats $2.98/day...for about 2 weeks then next diff. increase. You are paying about $250 (using today's low exchange rate) to mine slightly more than double than you get with an over clocked S1 now. OK, some power savings but not huge. So the question is how much did you pay for the S1? If you got it for next to nothing this upgrade can be a good deal. If you bought if for over $250 like a month ago you are now in for $500 and will likely only break even (if at all) after 6 months or more. If BTC goes over $650 again things look a lot better. Over $1,000 and hurrah!
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Billbags
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August 14, 2014, 05:00:19 PM Last edit: August 14, 2014, 09:21:48 PM by Billbags |
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It all adds in there, but most people I know sold a lot last month so they could buy at this month's prices. Around July 24 we got a good indication of low prices that would start and stay through August. Most of us sold. It's almost time to start the buying again. And I'm ready. Once the buying starts, it will stimulate the market with all the buying transactions of the non-hoarded coins and that will help drive the price back up, mabey even higher than it was.
I was looking thru the blockchain last night and there were a LOT of big $$ transactions, I'm talking 5 and 6 figure, a lot more than I've ever seen before. Bob Good job Bob, it looks like some big players were creating a quick flash crash, buy selling so much at the same time so they could buy today/tomorrow at a really cheap price. The ritch keep getting ritcher it seems, they don't care who or what they hurt. It would be nice to figure out who they are and get VOD all over those guys!!!! http://www.cryptocoinsnews.com/news/happened-bitcoin-price-bitfinex-today/2014/08/14?utm_source=rss&utm_medium=rss&utm_campaign=happened-bitcoin-price-bitfinex-today^Methods used in bitcoin trading. Please note there are different ways to trade Bitcoin. Not everyone trades how we are used to on the normal exchanges.
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jterry211
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August 14, 2014, 05:20:07 PM Last edit: August 14, 2014, 07:58:55 PM by jterry211 |
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It seems because of difficulty is going up and in the same time now bitcoin price is going down AntMiner S1 will be worthless to run sooner rather then later... Only good possibility is in cold winter to overclock them if your electricity is "free"... you can use them as electrical heater in the same time... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) You can upgrade your S1 to be just as fast and same efficiency as the S3 for .46 btc. https://bitmaintech.com/productDetail.htm?pid=0002014081313175081722f1GeUO063F JT From their home page: The sale of S1 Upgrade Kit is 0.46 BTC each including international shipping, which starts on September 20th or earlier. Now do your math...The next ~25% diff. increase in a few days plus 2 more until you get your kit (assuming on time delivery 9/20). So diff. at about 29,000,000,000 Daily BTC before expenses around 0.0076 then, after power cost (10c Kwh) thats $2.98/day...for about 2 weeks then next diff. increase. You are paying about $250 (using today's low exchange rate) to mine slightly more than double than you get with an over clocked S1 now. OK, some power savings but not huge. So the question is how much did you pay for the S1? If you got it for next to nothing this upgrade can be a good deal. If you bought if for over $250 like a month ago you are now in for $500 and will likely only break even (if at all) after 6 months or more. If BTC goes over $650 again things look a lot better. Over $1,000 and hurrah! I realize the economics behind it all i was just saying. I guess i forget sometimes i dont pay for power. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I use solar / power and cooling from my server room at work. JT
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jterry211
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August 14, 2014, 10:17:08 PM |
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Free power or not if there is no work then no one is making money.
JT
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kkurtmann
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August 15, 2014, 12:49:13 AM |
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Free power or not if there is no work then no one is making money.
JT
how would there be no work?
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TvaiX
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August 15, 2014, 08:36:33 AM |
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It seems because of difficulty is going up and in the same time now bitcoin price is going down AntMiner S1 will be worthless to run sooner rather then later... Only good possibility is in cold winter to overclock them if your electricity is "free"... you can use them as electrical heater in the same time... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) You can upgrade your S1 to be just as fast and same efficiency as the S3 for .46 btc. https://bitmaintech.com/productDetail.htm?pid=0002014081313175081722f1GeUO063F JT I forgot about this option, because I did not like it. Not taking in mind that it will ship in 20/9 maybe, I`m located in eastern Europa and fastest I something receive from China is 3weeks, sometimes even almost 2 mount with economy shipping. But, what there is in package, how I understand I can buy russbery pi those boards to run and not disassemble S1. And mine idea what I concern about is that S3 has shell what directs air. S1 does not, its huge difference in my mind.
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Billbags
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August 15, 2014, 09:13:54 AM |
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bozo333
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August 15, 2014, 12:52:47 PM |
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New record hashing power at Slush's?
Today the hash power is 5785484.687 but I have seen 58+... is this record territory?
Just wondering if the new SP30's coming online might be an explanation.
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Fieel
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August 15, 2014, 01:57:32 PM |
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alh
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August 15, 2014, 04:22:44 PM |
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Searing
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August 15, 2014, 05:22:59 PM |
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heh....87% luck for the month ...47% luck for today...it is like Slush's Pool is screaming down the freeway at high speed LOST... but damn we are making good time in the wrong direction! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Searing
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Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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starsoccer9
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August 15, 2014, 05:29:34 PM |
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Hopefully we can get a bit higher to 100%.
Just curious but does anyone know why slush stopped with mergemining?
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kkurtmann
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August 15, 2014, 06:16:35 PM |
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Hopefully we can get a bit higher to 100%.
Just curious but does anyone know why slush stopped with mergemining?
If you search back in this thread, you can find out for yourself. But iirc it is because namecoin is not supported by the devs anymore.
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Fieel
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August 15, 2014, 07:40:33 PM |
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Ahah, thank you! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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kkurtmann
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August 16, 2014, 12:35:33 AM |
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at least the BTC to USD price is dropping enough to make some people stop using their old unprofitable hardware now
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dbbrummel
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August 16, 2014, 02:08:08 PM |
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Hopefully we can get a bit higher to 100%.
Just curious but does anyone know why slush stopped with mergemining?
If you search back in this thread, you can find out for yourself. But iirc it is because namecoin is not supported by the devs anymore. Speaking of merged mining, I have been balancing between Slush and Ghash. Now I have like 200 Devcoins. What the heck can you do with Devcoins?
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nocroom
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August 16, 2014, 02:18:21 PM |
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pkobse
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August 16, 2014, 03:09:15 PM |
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Hopefully we can get a bit higher to 100%.
Just curious but does anyone know why slush stopped with mergemining?
If you search back in this thread, you can find out for yourself. But iirc it is because namecoin is not supported by the devs anymore. Speaking of merged mining, I have been balancing between Slush and Ghash. Now I have like 200 Devcoins. What the heck can you do with Devcoins? Sell them, invest them, or just keep them there, until you don't have more.
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BTC 1C9FGy8kUTF1R21bhLyzXQHDjm87xoRenn, LTC LXZ7xhLYJU4K8zdtdYc89o81NgwXbSwEbC or DOGE DKJDnR8deKGRRbFWCnsSDz15ha5t43B75B. :-)
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