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Author Topic: BTC Beginning of the End !  (Read 6662 times)
igorr
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January 17, 2014, 01:30:42 PM
Last edit: January 17, 2014, 01:44:35 PM by igorr
 #1

Mining factor fell to 22 cens per 1Gh at 24h, and the Bitcoin price continues to fall.
For next 7 days we will have the new mining factor -30% in the best case 15 cents per 1Gh at 24h.
(if BTC price stay at 900 USD)

View Screen Capture

Producers ASIC technology will massively to leave the Bitcoin mining,
when mining factor reach red line of 5 cents per Gh at 24h, and there is the beginning of the end.


Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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LanYu
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January 17, 2014, 01:39:30 PM
 #2

"Beginning of the end"? I see it more as "everything going as planned"
Buffer Overflow
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January 17, 2014, 01:40:56 PM
 #3

OP, what are you babbling on about?

igorr
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January 17, 2014, 01:42:10 PM
 #4

"Beginning of the end"? I see it more as "everything going as planned"


Do not look at the present, look to the future  Huh

Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
cdooer
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January 17, 2014, 01:49:02 PM
 #5

"Beginning of the end"? I see it more as "everything going as planned"


Do not look at the present, look to the future  Huh

That definitely sounds fortune cookie-ish. There's no way you came up with that yourself.
 
fonzie
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January 17, 2014, 01:49:38 PM
 #6

We´re going to have a dumptastic weekend.  Smiley

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January 17, 2014, 03:57:27 PM
 #7

Miners have been too profitable for too long. It's ok for them to have smaller revenues. Too many just became wealthy out of this.

Also, mining in current setup harms BTC, because they mine in pools. Let the solo mining begin (again)!

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
igorr
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January 17, 2014, 04:01:53 PM
 #8

Miners have been too profitable for too long. It's ok for them to have smaller revenues. Too many just became wealthy out of this.

Also, mining in current setup harms BTC, because they mine in pools. Let the solo mining begin (again)!


Do you think, that we are robbed,  by manufacturer ASIC hardware ?

Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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January 17, 2014, 04:06:59 PM
 #9

Miners have been too profitable for too long. It's ok for them to have smaller revenues. Too many just became wealthy out of this.

Also, mining in current setup harms BTC, because they mine in pools. Let the solo mining begin (again)!


Do you think, that we are robbed,  by manufacturer ASIC hardware ?

What do you mean? I don't understand, sorry.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
igorr
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January 17, 2014, 04:10:43 PM
 #10

Do you think that we are too expensive to pay Bitcoin ?

Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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January 17, 2014, 04:14:38 PM
 #11



This is the end
BTC friend
This is the end
Only one spend, the end

Of deflationary plans, the end
Of currency that stands, the end
No safe keys or new highs, the end
I'll never order hardware to mine... again
piramida
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January 17, 2014, 04:14:57 PM
 #12

I think that you are insane.

i am satoshi
proudhon
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January 17, 2014, 04:16:10 PM
 #13

Mining factor fell to 22 cens per 1Gh at 24h, and the Bitcoin price continues to fall.
For next 7 days we will have the new mining factor -30% in the best case 15 cents per 1Gh at 24h.
(if BTC price stay at 900 USD)

View Screen Capture

Producers ASIC technology will massively to leave the Bitcoin mining,
when mining factor reach red line of 5 cents per Gh at 24h, and there is the beginning of the end.



Wow!  This is certainly frightening confirmed bad news.  Thank you for letting us all know.  To help consolidate all the bad news into one place so that people can easily see just how bad things are, please post your news here.

Posting your bad news there will give it the most visibility and will help the greatest number of people know how bad the market is so that they can intelligently choose to SODL all their bitcoins and SHOTR bitcoins if they don't have any.  Thank you for your service to the community.  Please continue to post more confirmed bad news as you discover it.

When I use the word "higher" in a sentence I actually mean lower.
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January 17, 2014, 04:17:25 PM
 #14

OP, are you delusional? Exactly how would mining costs (in terms of $ per GHs) influence Bitcoin at all?

If mining becomes cheaper, more people will mine, thus mining will become more expensive.
If mining becomes more expensive, less people will mine, thus mining will become cheaper.
Natural balance is natural.

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
igorr
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January 17, 2014, 04:19:43 PM
 #15

Mining factor fell to 22 cens per 1Gh at 24h, and the Bitcoin price continues to fall.
For next 7 days we will have the new mining factor -30% in the best case 15 cents per 1Gh at 24h.
(if BTC price stay at 900 USD)

View Screen Capture

Producers ASIC technology will massively to leave the Bitcoin mining,
when mining factor reach red line of 5 cents per Gh at 24h, and there is the beginning of the end.



Wow!  This is certainly frightening confirmed bad news.  Thank you for letting us all know.  To help consolidate all the bad news into one place so that people can easily see just how bad things are, please post your news here.

Posting your bad news there will give it the most visibility and will help the greatest number of people know how bad the market is so that they can intelligently choose to SODL all their bitcoins and SHOTR bitcoins if they don't have any.  Thank you for your service to the community.  Please continue to post more confirmed bad news as you discover it.



This is the reality

Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
igorr
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January 17, 2014, 04:22:53 PM
 #16

OP, are you delusional? Exactly how would mining costs (in terms of $ per GHs) influence Bitcoin at all?

If mining becomes cheaper, more people will mine, thus mining will become more expensive.
If mining becomes more expensive, less people will mine, thus mining will become cheaper.
Natural balance is natural.

This is a massive conspiracy theory, which leads to destruction

Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
e521
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January 17, 2014, 04:23:06 PM
 #17

Mining factor fell to 22 cens per 1Gh at 24h, and the Bitcoin price continues to fall.
For next 7 days we will have the new mining factor -30% in the best case 15 cents per 1Gh at 24h.
(if BTC price stay at 900 USD)

View Screen Capture

Producers ASIC technology will massively to leave the Bitcoin mining,
when mining factor reach red line of 5 cents per Gh at 24h, and there is the beginning of the end.



Wow!  This is certainly frightening confirmed bad news.  Thank you for letting us all know.  To help consolidate all the bad news into one place so that people can easily see just how bad things are, please post your news here.

Posting your bad news there will give it the most visibility and will help the greatest number of people know how bad the market is so that they can intelligently choose to SODL all their bitcoins and SHOTR bitcoins if they don't have any.  Thank you for your service to the community.  Please continue to post more confirmed bad news as you discover it.



This is the reality

igorr this is not the reality at all, in the past people mined at tiny margin / loss and they have been well paid on the next bubble. This is not the beginning nor the end of anything

wobber
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January 17, 2014, 04:23:33 PM
 #18

Do you think that we are too expensive to pay Bitcoin ?

Yes. There is a saying (actually a solid business principle):

When all the people search for gold, sell hammers and pans.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Miz4r
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January 17, 2014, 04:27:20 PM
 #19

Do you think that we are too expensive to pay Bitcoin ?

Yes. There is a saying (actually a solid business principle):

When all the people search for gold, sell hammers and pans.

There is also a saying that says:

When wobber is all in fiat, it is time to buy.

Bitcoin = Gold on steroids
igorr
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January 17, 2014, 04:27:34 PM
 #20


igorr this is not the reality at all, in the past people mined at tiny margin / loss and they have been well paid on the next bubble. This is not the beginning nor the end of anything

Ok, then I'll sell this card for only $ 10 usd, when difficulty comes at 1000 bilion.

http://www.butterflylabs.com/monarch/

Do you want to buy it ?
Does the manufacturer wants to produce a new card 600 Gh/s for the selling price of 10 USD ?

Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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