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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 597028 times)
abdulaziz07
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May 26, 2018, 01:58:38 AM
 #15281

Shouldn't both move up with btc??? At least thats what happened historically OR bth makes its run after.
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May 26, 2018, 07:08:51 AM
 #15282

Shouldn't both move up with btc??? At least thats what happened historically OR bth makes its run after.

Think most altcoins follows bitcoin price, Bcash and most other alcoins, in bear/bull markets. Thus, lets hope of btc price to gradually increase over time

UCHAIN
The Next Generation Distributed Smart Network: Blockchain for the Sharing Economy
https://uchain.world/
jojo69
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no FOMO


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May 26, 2018, 07:19:31 AM
 #15283

anybody else bank on that fat finger a few hours ago


ca...ching

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
tomkat
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May 26, 2018, 07:56:25 AM
 #15284

https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
“Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



I said a few month back around $2k to mine 1 og btc...
Probably going to go lower than that ( $800-$1400 possible )


The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


True for the average consumer(miner)your prices are probably accurate.
However for industrial scale miners, its not, its alot cheaper.
They buy asics in bulk and get cheaper elec, leading to huge savings.

Also the producers of asics are always  ahead.
While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
Ingramhb
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May 26, 2018, 08:00:40 AM
 #15285

Bitcoin Cash as a whole, it is still the advantage of the air force. Although BCH is worth holding for a long time, it is not the best time to buy it. Learn to wait.

▰   SEMUX   -   An innovative high-performance blockchain platform   ▰
■▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬■
Github   -   Discord   -   Twitter   -   Telegram   -   Get Free Airdrop Now!
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May 26, 2018, 10:45:10 AM
 #15286

Have some fun and individual thinking with that one


https://youtu.be/3wKwb33urtQ


Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw
The simple way is the genius way - in Moore and Satoshi we trust.
estenity
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May 26, 2018, 02:51:58 PM
 #15287

https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
“Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).

Hmm. Central banker misunderstands where the value of a currency comes from. Defines it in terms of trade balances between nations. Yet in a frictionless environment, it will not be the 'nations' that choose their adopted currency. It will be the people therein.

Personally, once most people understand the nature of a currency that cannot be inflated upon a whim, I belive they will choose such an immutable currency.

Which bodes poorly for his position.

Lastly, if he wants to ascribe correspondence between currency and 'nation', then fine. We are the nation named Internet. Deal with that, central banker dude.
What you say will happen, i agree, but not yet.
I believe it was the central bankers that made og btc so over priced in the first place.
(Davos ,world economic forum 2016 is where it began, btc price was around $500 , they were buying a few month before , around Nov2015 before the forum in 2016 at around $250)

Its very easy for them to scare away people from crypto(short term) by causing huge price manipulation...making fiat seem like the safer choice.


this is the critical discussion.
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May 27, 2018, 01:05:46 AM
 #15288

^ Hi E  Smiley
Whats your thoughts on this?


also another sad day from blockstreamcore rep Mow....
https://twitter.com/Excellion/status/998762417470373888
Collecting some gems for @SEC_Enforcement @SEC_News to take a closer look at @CNBCFastMoney @CNBC pumping and dumping altcoins on their viewers. Enough is enough. If you have more tweets, post below and I’ll add them to the Moment. ⚖️


 Undecided Roll Eyes







I got red trust because i speak the truth....This thread shows why many long term users are being tagged red, ...https://bitcointalk.org/index.php?topic=2399315.msg24593043#msg24593043 , chk theymos comment.
Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
Mrpumperitis
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May 27, 2018, 01:11:47 AM
 #15289

https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
“Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



I said a few month back around $2k to mine 1 og btc...
Probably going to go lower than that ( $800-$1400 possible )


The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


True for the average consumer(miner)your prices are probably accurate.
However for industrial scale miners, its not, its alot cheaper.
They buy asics in bulk and get cheaper elec, leading to huge savings.

Also the producers of asics are always  ahead.
While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
We probably both right depending on the miner.
I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
Lets say $2700 is an average price ...that price will 100% happen for og btc and
then more panic dumping can take its price lower than $2k, imo  

I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

I got red trust because i speak the truth....This thread shows why many long term users are being tagged red, ...https://bitcointalk.org/index.php?topic=2399315.msg24593043#msg24593043 , chk theymos comment.
Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
Crypto_Prophet
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May 27, 2018, 05:21:24 AM
 #15290

New service for BitcoinCash(BCH) full ANN here https://bitcointalk.org/index.php?topic=4311308.new#new

https://bchadspot.com

Regards
tomkat
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May 27, 2018, 12:48:28 PM
 #15291

https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
“Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



I said a few month back around $2k to mine 1 og btc...
Probably going to go lower than that ( $800-$1400 possible )


The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


True for the average consumer(miner)your prices are probably accurate.
However for industrial scale miners, its not, its alot cheaper.
They buy asics in bulk and get cheaper elec, leading to huge savings.

Also the producers of asics are always  ahead.
While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
We probably both right depending on the miner.
I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
Lets say $2700 is an average price ...that price will 100% happen for og btc and
then more panic dumping can take its price lower than $2k, imo  

I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided
sirsplashalot
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May 27, 2018, 04:02:13 PM
 #15292

Perhaps Bitcoin and other proof-of-work algorithms were created not only for global monetary decentralisation but also to encourage the use of alternative energy in financial production  Cool

Bitcoin Cash (BCH) - A P2P Electronic Cash System Built for Everyday Global Use.
lsd400
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May 27, 2018, 04:54:51 PM
 #15293

As time goes on mining hardware effectiveness increase and energy consumption will decrease. And more hardware companies will enter mining industry which is good for consumers. More countries will offer discounts which should encourage big mining companies to start businesses in those countries.
gembitz
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May 27, 2018, 06:23:00 PM
 #15294

https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
“Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



I said a few month back around $2k to mine 1 og btc...
Probably going to go lower than that ( $800-$1400 possible )


The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


True for the average consumer(miner)your prices are probably accurate.
However for industrial scale miners, its not, its alot cheaper.
They buy asics in bulk and get cheaper elec, leading to huge savings.

Also the producers of asics are always  ahead.
While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
We probably both right depending on the miner.
I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
Lets say $2700 is an average price ...that price will 100% happen for og btc and
then more panic dumping can take its price lower than $2k, imo  

I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided


BTI vs. BCH flippening occuring ~ more miners switching to Instantcoin Wink weeee

====>

http://abe.getbitcoininstant.org:2750/chain/Instant

https://freiexchange.com/market/BTI/BTC

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote free services for bitcoin community
sirsplashalot
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May 27, 2018, 06:47:57 PM
Merited by jbreher (1), Mrpumperitis (1)
 #15295

https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
“Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



I said a few month back around $2k to mine 1 og btc...
Probably going to go lower than that ( $800-$1400 possible )


The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


True for the average consumer(miner)your prices are probably accurate.
However for industrial scale miners, its not, its alot cheaper.
They buy asics in bulk and get cheaper elec, leading to huge savings.

Also the producers of asics are always  ahead.
While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
We probably both right depending on the miner.
I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
Lets say $2700 is an average price ...that price will 100% happen for og btc and
then more panic dumping can take its price lower than $2k, imo  

I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided


BTI vs. BCH flippening occuring ~ more miners switching to Instantcoin Wink weeee

====>

http://abe.getbitcoininstant.org:2750/chain/Instant

https://freiexchange.com/market/BTI/BTC


I think the 0.08 BTC daily volume says otherwise. Ive seen more volume at a lemonade stand.

Bitcoin Cash (BCH) - A P2P Electronic Cash System Built for Everyday Global Use.
hv_
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May 27, 2018, 07:21:12 PM
 #15296

Free stuff here


https://www.bitcoinmarketinsider.com/free-bitcoin-cash-point-of-sale-platform/


 Grin

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw
The simple way is the genius way - in Moore and Satoshi we trust.
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May 27, 2018, 08:37:57 PM
 #15297

https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
“Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



I said a few month back around $2k to mine 1 og btc...
Probably going to go lower than that ( $800-$1400 possible )


The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


True for the average consumer(miner)your prices are probably accurate.
However for industrial scale miners, its not, its alot cheaper.
They buy asics in bulk and get cheaper elec, leading to huge savings.

Also the producers of asics are always  ahead.
While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
We probably both right depending on the miner.
I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
Lets say $2700 is an average price ...that price will 100% happen for og btc and
then more panic dumping can take its price lower than $2k, imo  

I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided

I know its from crazy John lols but  here is a recent comment(dec2017) from him regarding cost to mine a btc..
John McAfee
‏@officialmcafee
Replying to @MusicalKasparov
The coin itself us a product costing $2,000 to make.   https://twitter.com/officialmcafee/status/938953574729637889?lang=en

I got red trust because i speak the truth....This thread shows why many long term users are being tagged red, ...https://bitcointalk.org/index.php?topic=2399315.msg24593043#msg24593043 , chk theymos comment.
Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
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May 27, 2018, 08:45:32 PM
 #15298

Watched a recent Max keiser episode ...
He and Stacy both were so keen to point out censorship resistant social media ...
Max says he knows two twitter competitors on bitcoin..(memo,blockpress)...
but both failed to mention the censorship on og btc  Cheesy and the censorship resistant social media platforms are on Bitcoin(BCH)

Please max,stacy , you maybe trying to avoid taking sides, but you are confusing newbies..
dont mislead your viewers into buying Bitcoin(btc) thinking that they can use these new censorship resistant platforms,
when you clearly know they are for BCH..   Smiley

https://www.youtube.com/watch?v=bKsPhtSjcuU - talks around 5min in.



Its all in the ticker...
2 Bitcoins..
BTC - old limited tech, no dapps
BCH - new evolving tech , lots of dapps

Simple  Smiley

I got red trust because i speak the truth....This thread shows why many long term users are being tagged red, ...https://bitcointalk.org/index.php?topic=2399315.msg24593043#msg24593043 , chk theymos comment.
Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
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May 27, 2018, 08:59:01 PM
 #15299

So whether bitcoin cash will get worse after seeing the bitcoin charts are getting degenerate, let alone the weekly chart will be formed soon and it is not easy. Smiley
gembitz
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May 27, 2018, 10:23:32 PM
 #15300

https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
“Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



I said a few month back around $2k to mine 1 og btc...
Probably going to go lower than that ( $800-$1400 possible )


The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


True for the average consumer(miner)your prices are probably accurate.
However for industrial scale miners, its not, its alot cheaper.
They buy asics in bulk and get cheaper elec, leading to huge savings.

Also the producers of asics are always  ahead.
While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
We probably both right depending on the miner.
I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
Lets say $2700 is an average price ...that price will 100% happen for og btc and
then more panic dumping can take its price lower than $2k, imo  

I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided


BTI vs. BCH flippening occuring ~ more miners switching to Instantcoin Wink weeee

====>

http://abe.getbitcoininstant.org:2750/chain/Instant

https://freiexchange.com/market/BTI/BTC


I think the 0.08 BTC daily volume says otherwise. Ive seen more volume at a lemonade stand.

watch as BTI goes higher while fake satoshi and roger ver circle jerk BCH to zer00000000 Wink weeee

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote free services for bitcoin community
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