Bitcoin Forum
December 08, 2016, 06:06:27 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bloody Monday in the bitcoin?  (Read 1205 times)
Bigpiggy01
Hero Member
*****
Offline Offline

Activity: 616



View Profile
August 29, 2011, 09:33:02 AM
 #1

This post is inspired by https://bitcointalk.org/index.php?topic=39604.0

I just had to see how this feels  Grin



The question still remains though if it will or will not be? Me thinks not once the US wake up but atm it is looking a bit bloody  Embarrassed at least when going by the color on bitcoincharts.

1481177187
Hero Member
*
Offline Offline

Posts: 1481177187

View Profile Personal Message (Offline)

Ignore
1481177187
Reply with quote  #2

1481177187
Report to moderator
1481177187
Hero Member
*
Offline Offline

Posts: 1481177187

View Profile Personal Message (Offline)

Ignore
1481177187
Reply with quote  #2

1481177187
Report to moderator
1481177187
Hero Member
*
Offline Offline

Posts: 1481177187

View Profile Personal Message (Offline)

Ignore
1481177187
Reply with quote  #2

1481177187
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481177187
Hero Member
*
Offline Offline

Posts: 1481177187

View Profile Personal Message (Offline)

Ignore
1481177187
Reply with quote  #2

1481177187
Report to moderator
Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
August 29, 2011, 11:48:34 AM
 #2

The question still remains though if it will or will not be? Me thinks not once the US wake up but atm it is looking a bit bloody  Embarrassed at least when going by the color on bitcoincharts.

Probably not much of nothing.  The price will continue to hover around $9.  But I'm waiting for the excuses as to why the price is once again in single digits.  Maybe someone will mention Hurricane Irene, and how all those New Yorkers are without power and/or Internet, therefore they can't feast on the ridiculously cheap bitcoins on offer.  It's a bank holiday in England too, so they can't get money into exchanges either.  If only they could, the price would go up...  There's always the time honoured weekend reasoning too.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
hmongotaku
Full Member
***
Offline Offline

Activity: 168


View Profile WWW
August 29, 2011, 08:16:44 PM
 #3

IT's down to 8. As long as it's profitable no cries yet guys. I calucated my profitbility is 4usd/btc.

kwukduck
Legendary
*
Offline Offline

Activity: 1565


View Profile
August 29, 2011, 10:18:55 PM
 #4

The hell guys...
I had to stop mining when it dropped under 15 USD...
You guys have free electricity or what? :S

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
phorensic
Hero Member
*****
Offline Offline

Activity: 630



View Profile
August 29, 2011, 10:45:42 PM
 #5

The hell guys...
I had to stop mining when it dropped under 15 USD...
You guys have free electricity or what? :S
Why yes, yes I do  Grin
Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
August 30, 2011, 12:23:25 AM
 #6

The hell guys...
I had to stop mining when it dropped under 15 USD...
You guys have free electricity or what? :S

No one has free electricity.  It's 'free' to the user but someone, somewhere pays.  If it's a flat fee or part of a rental agreement it'll get reset when someone notices thousands of extra kilowatt hours being consumed.

My magic number is $9.  Anything under that means it's not profitable to mine (high power costs, 6 series cards instead of 5 (not available for 6+ months here), currency conversion costs, very weak US dollar, etc).

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Ricochet
Sr. Member
****
Offline Offline

Activity: 373



View Profile
August 30, 2011, 12:59:29 AM
 #7

I stopped mining at around the $1-2 mark I think >_>

Not exactly much you can do with a total of 5 MHash/s today, though back then it was worth a few pennies an hour.  "Free" electricity was provided by my college flat-rate per-semester rent figure.

EDIT:  Okay let's make this more accurate.  I stopped mining right at the very beginning of March, which was right after BTC had come down from its $1 parity level, mining at about 0.10 BTC per day (then worth $0.10 per day).
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!