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Author Topic: Please Read!! Help Stop This Madness.  (Read 7445 times)
An amorous cow-herder
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December 05, 2013, 06:51:56 PM
 #101

Is this really necessary? It's up to each individual miner if mining is worth it. Leave it to them.
Its currently basicly about long term sustainability, not short term bubbles. The actual value of the bitcoin network is as a secure transaction network. And the real value are the transaction fees. Those have to cover the costs for the mining network long term.
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December 05, 2013, 06:53:41 PM
 #102

Is this really necessary? It's up to each individual miner if mining is worth it. Leave it to them.
Its currently basicly about long term sustainability, not short term bubbles. The actual value of the bitcoin network is as a secure transaction network. And the real value are the transaction fees. Those have to cover the costs for the mining network long term.
And they do. I won't even explain how, you should already know as sure of yourself as you sound.

Look inside yourself, and you will see that you are the bubble.
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December 05, 2013, 06:59:26 PM
 #103

And they do. I won't even explain how, you should already know as sure of yourself as you sound.
Ok, then again. At $25k/day on average that about $750k/month. And the mining manufacturers sell far, far more equipment. Obviously, since the big part of the mining income is still block generation income.
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December 05, 2013, 07:09:28 PM
 #104

So you're telling me that your link
https://blockchain.info/de/charts/network-deficit
, labeled network deficit and explained as
Network Deficit Per Day - Shows difference between transaction fees and cost of bitcoin mining.
 
is "the simple difference of payouts per day (calculating BTC in USD) vs income generated via transactions"

Sir , You are obvious an Idiot.
Ok, then tell me just one little thing. Why was the network deficit in April a lot bigger? Graphics cards were a lot more expensive in April? No? Oh right, there was a price surge of BTC.
I think there is an obvious idiot here, and i got a hunch it aint me.

Wrong hunch.
And to end it once for all.
Taking into account those 42k , they will cover the running cost for enough knc miners to bring the difficulty to 21PH.
Do the math or go back to your cave since i got a felling you like to troll.

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December 05, 2013, 07:24:58 PM
 #105

Ok, then tell me just one little thing. Why was the network deficit in April a lot bigger? Graphics cards were a lot more expensive in April? No? Oh right, there was a price surge of BTC.
I think there is an obvious idiot here, and i got a hunch it aint me.

Wrong hunch.
And to end it once for all.
Taking into account those 42k , they will cover the running cost for enough knc miners to bring the difficulty to 21PH.
Do the math or go back to your cave since i got a felling you like to troll.
Ok, 21PH at KNC (PREORDERS! for Q1/Q2) Neptunes have 4.33GH/s (13k value for 3TH/s). In other words 21PH/s cost 91M. ($13k/3TH/s=$4.33/GH/s and 21,000,000GH/s*4.33$/GH/s=$91M).
$91M/$42k/day=2166day=72months. Now, those $42k were the ATH for transaction income for now, not the average.
I did the math. Back to you.
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December 05, 2013, 08:22:07 PM
 #106

Quote from: An amorous cow-herder
In the long term the transaction fees have to pay the maintance cost, since no more BTC are "printed" or "mined" or however you want to call it.
The income from transactions fees is still very low, not enough to maintain the network at current rates by far.

Idiot not understanding what running costs are.


Ok, then tell me just one little thing. Why was the network deficit in April a lot bigger? Graphics cards were a lot more expensive in April? No? Oh right, there was a price surge of BTC.
I think there is an obvious idiot here, and i got a hunch it aint me.

Idiot not knowing how to read a graphic.
Idiot not knowing what a deficit with - (minus) means.

Time to hit the ignore button.

An amorous cow-herder
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December 05, 2013, 08:43:58 PM
 #107

Idiot not understanding what running costs are.
Idiot not knowing how to read a graphic.
Idiot not knowing what a deficit with - (minus) means.
Hello, i am Dr. Sbaitso. Would you like to tell me more about your problems?
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