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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 614042 times)
sirsplashalot
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May 27, 2018, 04:02:13 PM
 #15281

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.
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May 27, 2018, 04:54:51 PM
 #15282

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.
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May 27, 2018, 06:23:00 PM
 #15283

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 sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
sirsplashalot
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May 27, 2018, 06:47:57 PM
Merited by jbreher (1), Mrpumperitis (1)
 #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.
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.
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May 27, 2018, 07:21:12 PM
 #15285

Free stuff here


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


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Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw
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May 27, 2018, 08:37:57 PM
 #15286

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

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
 #15287

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

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
 #15288

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

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gembitz
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May 27, 2018, 10:23:32 PM
 #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

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 sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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May 28, 2018, 08:31:27 AM
 #15290

MoneyButton impl in Telescope wallet

https://youtu.be/GFrWktc5p1g


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 28, 2018, 05:05:22 PM
 #15291

EOS will be used by anyone/everyone in the world, on top of BCH.  People will create their own business/tokens in EOS, being backed in BCH as the global backed currency.  This “race” to be the dominant crypto was never real.  It was always Bitcoin (Cash) and now with the final piece being EOS.
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May 28, 2018, 09:29:08 PM
 #15292

I am very glad that the people prone to hate have blinders on to this coin.  This helps this community stay free from such evil & anti-social types.

Also I am glad those prone to nude emperor worship are blind to this coin.  That keeps us from having lemmings on the ground floor.

And lastly, I am glad that only those who seek and know the truth as relates to BTC vs BCH will see this coin for what it truly is.  This means our foundation is laid by those who possess a clear mastery of the material they are working with. 


                                                                                          I am truly honored to be among this class of individual,

                                                                                                 Best


P.s.  to BitCoin Cash




   

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May 28, 2018, 09:56:13 PM
Merited by mindrust (5)
 #15293

It's rather dead in here now

How's your fork coming along



may pop back in another week or 2 and check in
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May 28, 2018, 10:13:45 PM
 #15294

It's rather dead in here now

How's your fork coming along

may pop back in another week or 2 and check in



 the best measurement is trolls posting stuff.  So by your own posting of non-sense you are proving the threat BCH poses to your altcoins.  LOL

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May 29, 2018, 04:15:56 AM
 #15295

We're focused on EVERYTHING after the hard fork. We'll be able to run smart contracts and have our own tokens. Bitcoin Cash will absorb all of the best features of the other coins, something bitcoin core has been too scared to do
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May 29, 2018, 05:01:12 AM
 #15296

We're focused on EVERYTHING after the hard fork. We'll be able to run smart contracts and have our own tokens. Bitcoin Cash will absorb all of the best features of the other coins, something bitcoin core has been too scared to do

kill all tokens ~ smart contracts are stupid===> BitcoinInstant(BTI) is the only real legit bitcoin fork(*born in 2014*) Wink weeeeee

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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May 29, 2018, 06:41:35 AM
 #15297

EOS will be used by anyone/everyone in the world, on top of BCH.  People will create their own business/tokens in EOS, being backed in BCH as the global backed currency.  This “race” to be the dominant crypto was never real.  It was always Bitcoin (Cash) and now with the final piece being EOS.

https://medium.com/eostribe/eos-bp-security-statement-e8cbf0df72db


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May 29, 2018, 07:53:53 AM
 #15298

BTC will never have an 'upgrade hardfork ' because the devs and thought leaders have convinced everyone that hard forks are the devil that will split the community no matter what. Smiley

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May 29, 2018, 08:00:29 AM
 #15299

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

Some more (interesting) insights on mining from 1000-miners-owner perspective. Apparently, cooling is important but expensive

Quote
Using HVAC is the most expensive

Quote
Mid-sized miners are going to start turning off around $6800-7000

Quote
$2k is the ACTUAL BREAK-EVEN price for the biggest players

https://www.reddit.com/r/Bitcoin/comments/8mrher/ive_been_mining_bitcoin_for_30_months_here_are/

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May 29, 2018, 10:11:28 AM
 #15300

EOS will be used by anyone/everyone in the world, on top of BCH.  People will create their own business/tokens in EOS, being backed in BCH as the global backed currency.  This “race” to be the dominant crypto was never real.  It was always Bitcoin (Cash) and now with the final piece being EOS.

https://medium.com/eostribe/eos-bp-security-statement-e8cbf0df72db



I only use and hold real coins such as bitcoin, DASH, KMD, XVG like as long investment . All fork coins are the only copies from them and so I never highly appreciate those fork coins .


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