dulinivanrus (OP)
Jr. Member
Offline
Activity: 210
Merit: 1
|
|
November 14, 2018, 09:11:20 PM |
|
Chinese miners disconnected from electricity! Bitcoin 5570 $ How do you think our giant will recover from such a situation ?
|
✦ ZOPTAX ✦ ❝ Disrupting VOIP with Blockchain ❞
|
|
|
messito
Jr. Member
Offline
Activity: 154
Merit: 1
|
|
November 14, 2018, 09:29:49 PM |
|
I hope that yes because it is very much like the collapse of Bitcoin
|
[ M O B U ] The Investment Bank of the Future The Security Token Protocol and Licensed Security Token Exchange https://mobu.io/
|
|
|
|
Ranly123
Full Member
Offline
Activity: 952
Merit: 104
★777Coin.com★ Fun BTC Casino!
|
|
November 15, 2018, 01:14:50 AM |
|
Chinese miners disconnected from electricity! Bitcoin 5570 $ How do you think our giant will recover from such a situation ?
Bitcoin falling to $5500 is still not new to Bitcoin users. Thus it is still a large amount of price it has eventhough it drops for about 20% in just a day. I don't know how it would recover from this drop but I am certain that there is a way to be back to higher price. It's just a matter of time to realize it.
|
|
|
|
KingScorpio
|
|
November 15, 2018, 01:26:52 AM Last edit: November 15, 2018, 01:59:51 AM by KingScorpio |
|
Chinese miners disconnected from electricity! Bitcoin 5570 $ How do you think our giant will recover from such a situation ?
its going to continue to lose support no one except bitcoin miners and bitcoin holders have an interest supporting bitcoin. this forum lost last month 24% users coinmarket cap loses every month 10 million users. market decentralises away from bitcoin. its still a surprise since the us dollar is losing rappidly support and value as well.
|
|
|
|
remauto1187ma
Jr. Member
Offline
Activity: 234
Merit: 2
|
|
November 15, 2018, 01:32:18 AM |
|
Do you have any idea the cost of a solar and wind turbine system is just to support say 10K Watts of power supplies is? Do you know how much land/roof area you need to support 10kw worth of panels? False economy!
|
|
|
|
d5000
Legendary
Offline
Activity: 3962
Merit: 6646
Decentralization Maximalist
|
|
November 15, 2018, 01:59:30 AM |
|
Do you have any idea the cost of a solar and wind turbine system is just to support say 10K Watts of power supplies is? Do you know how much land/roof area you need to support 10kw worth of panels? False economy!
At least I know some approximate numbers In Germany, for example, there are a few solar parks generating electricity for about 4 cents per kilowatt/hour (most are generating at 6-8 cent, however). We're talking about a country with a relatively cloudy climate. In Mexico and Chile, solar power plants are being built with the operators guaranteeing prices of ~2 cent per kilowatt-hour. They're expected to get connected to the grid in the early 2020s (I think it was 2021). So no, massive solar mining is not as far away as you may think.
|
|
|
|
jseverson
|
|
November 15, 2018, 02:01:44 AM |
|
I didn't think a significant hashrate drop could affect the market this much. I always thought it'd be a non-issue because miners have already begun working on their operations distribution. Either way, I very much doubt this will have a lasting effect -- it's very much a short-term problem.
And before anti-China sentiments come in, the crackdown was apparently targeted towards miners that were using state-sponsored electricity. This is a logical move.
|
|
|
|
digitalcryptocoin
Jr. Member
Offline
Activity: 96
Merit: 2
|
|
November 15, 2018, 03:29:16 AM |
|
Chinese miners disconnected from electricity! Bitcoin 5570 $ How do you think our giant will recover from such a situation ?
its going to continue to lose support no one except bitcoin miners and bitcoin holders have an interest supporting bitcoin. this forum lost last month 24% users coinmarket cap loses every month 10 million users. market decentralises away from bitcoin. its still a surprise since the us dollar is losing rappidly support and value as well. According to current price of BTC, user such as newbies as well as past one who are involved in mining could get major impact on their ROI. And as per my thinking major impact of BTC price fail will disturb miners first then traders, because miner sell their BTC on exchanger by trading against fiat. But cut off of BTC mining maintenance could take miner towards loss not profit. So miner will shift towards other PoW coins. Many user are in trouble by investing BTC.
|
|
|
|
Colan Zolo
Jr. Member
Offline
Activity: 336
Merit: 1
https://saturn.black
|
|
November 15, 2018, 03:40:32 AM |
|
Bitcoin goes down and this is a good opportunity to have but has all the altcoins. At present all coins have a low value for and affect all altcoins. So this bitcoin price affects all crypto prices.
|
♛ SATURN♛ Liquidity providerfor crypto markets Cross-chain Exchange & OTC trading Platform
|
|
|
sinkfish
Jr. Member
Offline
Activity: 252
Merit: 1
|
|
November 15, 2018, 07:08:01 AM |
|
bitcoin price taken a hit from China pull plug. seems the drought is longer than ever.
|
|
|
|
NeuroticFish
Legendary
Offline
Activity: 3710
Merit: 6432
Looking for campaign manager? Contact icopress!
|
|
November 15, 2018, 07:15:54 AM |
|
The Chinese government conducts a very strict fiscal audit of the mining companies This gets me to the idea that maybe some of that dump was made by the mining companies in order to get out fiat and pay the overdue taxes and penalties... And since they had to sell anyway, a bit of dump + re-buy can make part of their loses get supported by the traders.
|
|
|
|
ridertiger
|
|
November 15, 2018, 07:18:35 AM |
|
I am sick and tired of hearing about China, I think bitcoin will do way better when we get rid of it completely. Chinese miners disconnected from electricity! Bitcoin 5570 $ How do you think our giant will recover from such a situation ?
|
|
|
|
Pursuer
Legendary
Offline
Activity: 1638
Merit: 1163
Where is my ring of blades...
|
|
November 15, 2018, 07:39:58 AM |
|
Bitcoin hashrate fell by 20%
are you sure? checking the hashrate chart I do not see any new change that indicates a drop worthy of discussion here. there still is the same fluctuations of hashrate which is near the same medium hashrate around 50 EHS. these ups and downs don't mean anything or indicate miner shutting down ... you can see the chart below: https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m
|
Only Bitcoin
|
|
|
null-zero-sum
|
|
November 15, 2018, 07:42:18 AM |
|
It seems logical that hashrate will fall if price of bitcoin is as well. Profitability and price goes hand in hand.
|
ALL COINS!! ONE PLATFORM! BEST PRICES! The number 1 aggregator of crypto liquidity where you can trade over 10,000 cross rates in one place!
|
|
|
satosibtc1000
Jr. Member
Offline
Activity: 182
Merit: 1
|
|
November 15, 2018, 07:44:51 AM |
|
I think it's a temporary phenomenon. Does anyone know why the power supply to China's miners was cut off ?
|
|
|
|
btyco
Copper Member
Jr. Member
Offline
Activity: 364
Merit: 4
|
|
November 15, 2018, 07:49:49 AM |
|
With less bitcoin being mined you would think the price of bitcoin would rise due to a decrease in supply. Perhaps it will take a few days or weeks until we see the effects of this
|
|
|
|
Pursuer
Legendary
Offline
Activity: 1638
Merit: 1163
Where is my ring of blades...
|
|
November 15, 2018, 07:53:22 AM |
|
It seems logical that hashrate will fall if price of bitcoin is as well. Profitability and price goes hand in hand.
first there has to be at least a couple of days from the actual drop before the miners decide to change their mind and shut down their miners so that hashrate drops. and price drop is not even 24 hours yet. it is about 12 hours if I am not mistaken that price dropped! not to mention that if you look at the hashrate chart you can clearly see that there actually was a rise in the past 24 hours!!!
|
Only Bitcoin
|
|
|
ivannalog814
Jr. Member
Offline
Activity: 182
Merit: 1
|
|
November 15, 2018, 08:13:10 AM |
|
I think that falling prices and a ban on the production connected among themselves but I also believe that a good fall was to occur before the inflammation of growth.
|
VIDY 👅 (https://www.vidy.com) Video Layer for Ads ▶ https://www.vidy.com (https://www.vidy.com)
|
|
|
franky1
Legendary
Offline
Activity: 4270
Merit: 4534
|
|
November 15, 2018, 08:15:46 AM Last edit: November 15, 2018, 08:32:25 AM by franky1 |
|
pools moving to next gen asics. which are more efficient so dont need as many. costs to run them are cheaper so able to sell coin rewards for less.
also some traders were VC and had a 12 month contract so buying in november 2017 meant cant sell until november 2018
both contributed to this event. its that simple
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
|