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Author Topic: Why do Difficulty increases feel like being ass raped??  (Read 2727 times)
xstr8guy
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June 28, 2014, 11:12:14 PM
 #21

soon prices will rise to account for the rise in difficulty, just hold on tight.  Cool

Ridiculous. There is absolutely no correlation between mining difficulty and BTC exchange rate.
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June 29, 2014, 03:42:53 AM
 #22

soon prices will rise to account for the rise in difficulty, just hold on tight.  Cool

Ridiculous. There is absolutely no correlation between mining difficulty and BTC exchange rate.

Prices may have correlated early on when more that 1/2 the people buying coins were miners, but now the market is so diverse that the two have separated.  The price could tank to $10 and most miners would probably continue to mine for a short time considering the ASIC is a sunk investment cost as opposed to GPUs.

BTC: 1AMfUrM37cCHcAvyYGx9bsJWjt6rdCu7sj
ETH: 0x427f41c3a6b79ca643210195a33cdbaa714177aa
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June 29, 2014, 03:48:38 AM
 #23

Because they are, because if you weren't an early adopter in 2009 or whatever you stand no chance unless you can afford to buy $2000 plus machines that pound out high GH/S.

You could always try the donation route, but then people will label you as a scammer, when you are legit in need. Like for instance, no doctors are accepting patience in the area I live, yet I was diagnosed formally as being disabled in my hometown. Therefore I have to pay out of pocket to get any of my medicine, and see a doctor. I don't have insurance, my teeth are falling apart, but I just might be a scammer (warning bitter and satire here)

So basically you are getting your ass raped. In 2011 when they were $14 bucks I was facing one of the worst periods of my life, and I didn't think then to buy maybe one or two when right now I could be holding the future of my life.

Not that there are any generous people on this fucking forum who could take in consideration I've got a fucking grandmother who has 3-6 months to live, a mother going through chemo and my father who might have melanoma.

Anyways, yeah it's an ass rape.

What else could I say?
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June 29, 2014, 08:14:16 AM
 #24

soon prices will rise to account for the rise in difficulty, just hold on tight.  Cool

Ridiculous. There is absolutely no correlation between mining difficulty and BTC exchange rate.

you can believe that if you choose to .  Many don't think you are correct. I think you could be correct.    So I will toss this one out.


 No  30 year fed bonds that pay 8% are for sale.

 8% interest is no longer available .

 The entire BTC/ Alt coin  creation was a reaction to the worldwide lowered interest rates.

Since these coins offer a chance to get better return rates as long as interest rates are very low  these coins have the potential to jump back up to 1k and beyond.


Since the market cap for BTC is well under 10 billion  3 or 4 large speculators can push the price over 1k pretty easily.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
kendog77
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June 29, 2014, 03:58:14 PM
 #25

It is a myth that large miners have an advantage over small miners unless large miners can buy hardware at a lower cost / GH, which is often not the case thanks to companies like Bitmain.

If a large miner buys 100TH at $1.5/GH, and a small miner buys 1TH at $1.5/GH, and they have the same overhead costs per TH, their return per dollar invested will be exactly the same on a percentage basis (the large miner will make 100x more profit, but the large miner invested 100x more capital at the beginning).

I can see mining hardware manufacturers having an advantage over the small miner because they can get hardware at cost, which is why we're seeing KNC and BitFury build such huge farms.

In some ways, small miners with cheap electricity who can run miners in their home have an advantage over large miners because overhead costs will be lower, but the small miner will be very limited in how much they can expand due to power and cooling limitations.
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June 29, 2014, 05:03:30 PM
 #26

Because they are, because if you weren't an early adopter in 2009 or whatever you stand no chance unless you can afford to buy $2000 plus machines that pound out high GH/S.

You could always try the donation route, but then people will label you as a scammer, when you are legit in need. Like for instance, no doctors are accepting patience in the area I live, yet I was diagnosed formally as being disabled in my hometown. Therefore I have to pay out of pocket to get any of my medicine, and see a doctor. I don't have insurance, my teeth are falling apart, but I just might be a scammer (warning bitter and satire here)

So basically you are getting your ass raped. In 2011 when they were $14 bucks I was facing one of the worst periods of my life, and I didn't think then to buy maybe one or two when right now I could be holding the future of my life.

Not that there are any generous people on this fucking forum who could take in consideration I've got a fucking grandmother who has 3-6 months to live, a mother going through chemo and my father who might have melanoma.

Anyways, yeah it's an ass rape.


this will change your life more than a couple bitcoins if you actually want it and work it. And thats a FACT.
http://www.daveramsey.com/new/baby-steps/

I'm addicted to hashpower and horsepower.
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