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igorr (OP)
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December 17, 2013, 08:20:29 PM |
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Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s, because mining factor constantly decreasing from 2009 year to until today. Mining factor was 150 USD/24h@1GHash/s, 2009 year, and today is 0.4 USD/24h@1GHash/s, When mining factor comes at value 0.01 USD/24h@1GHash/s, then it will bitcoin definitely be dead, and probably the much earlier. Here is all history data. Link: http://blockchained.com/ |
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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jaked
Member
 Offline
Activity: 60
Merit: 10
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December 17, 2013, 08:30:05 PM |
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A gram of sugar costs 0.001 USD, yet sugar is a multi-billion USD industry.
Your analysis makes no sense.
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12648430
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December 17, 2013, 08:44:02 PM |
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Are you saying no one will mine because there will be too much competition?
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igorr (OP)
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December 17, 2013, 08:52:01 PM |
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Bitcoin prices can not follows the increase that follows the difficulties, consequently mining factor decreases.  View Screen Capturefor next 3-4 days diff rise over 1.13 bilion, What when diff comes at 1000 bilion, anyone want to pay bitcoin per his real price, 100 000 usd or much more ? |
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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Vigil
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December 31, 2013, 02:15:08 AM |
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Bitcoin prices can not follows the increase that follows the difficulties, consequently mining factor decreases. View Screen Capturefor next 3-4 days diff rise over 1.13 bilion, What when diff comes at 1000 bilion, anyone want to pay bitcoin per his real price, 100 000 usd or much more ? People will pay whatever bitcoins are worth. |
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Eryxx
Newbie
Offline
Activity: 3
Merit: 0
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December 31, 2013, 07:21:02 PM |
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People will pay whatever bitcoins are worth. Not to be contrary, but it's actually exactly the opposite, Bitcoins are worth what people will pay for them. |
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maursader
Sr. Member
Offline
Activity: 509
Merit: 250
Disrupt the banking system!
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December 31, 2013, 07:23:13 PM |
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Plus, second to none, Litecoin would then become a very.. very viable option to transfer wealth over to.
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igorr (OP)
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February 19, 2014, 12:06:13 PM
Last edit: February 19, 2014, 12:17:29 PM by igorr |
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the end is coming, today mining factor is 0.09 USD/24h@1GHash/s  View Screen Capture |
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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Automatic
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February 19, 2014, 12:07:37 PM |
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Refer to:- Are you saying no one will mine because there will be too much competition?
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Please ask for a signed message from my on-site Bitcoin address (Check my profile) before doing any offsite trades with me.
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igorr (OP)
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February 19, 2014, 12:13:13 PM |
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Refer to:- Are you saying no one will mine because there will be too much competition?
The price is three times was artificially raised by mining hardware manufacturer in cooperation with MtGox currency exchange. Now manufacturers mining hardware no have any interest that raising prices !  View Screen Capture[/quote] |
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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InCoinsITrust
Member
Offline
Activity: 112
Merit: 10
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February 19, 2014, 01:07:10 PM |
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Refer to:- Are you saying no one will mine because there will be too much competition?
The price is three times was artificially raised by mining hardware manufacturer in cooperation with MtGox currency exchange. Now manufacturers mining hardware no have any interest that raising prices ! View Screen Capture[/quote] So what are you saying, manufacters are not interested in price grow ? |
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igorr (OP)
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February 19, 2014, 01:25:53 PM
Last edit: February 19, 2014, 01:43:57 PM by igorr |
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that it is in their interest, but it is no longer possible ! Difficulty to end 2014 year will be about 700 bilion. For 9 days +23% or 3.8 bilion !!!  View Screen Capture |
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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