GAWMiner Hashlet Discussion Thread

[DARKANGEL6415]

so i am going to ask a question in general since i mostly post on these forums. I would like to know everyone opinion " with out the troll or negative unfounded answers " what do you all think is going on with bitcoin. Seems like it has been dropping like crazy i mean we not near any holidays or anything like that so what do you all think. Once again please no troll answers or people mad who bought btc at like $600  and now it has dropped.

thanks     

[lyth0s]

As more merchants adopt it the price will go down. This is because now there is more places to spend bitcoins, those merchants are using services like coinbase or bitpay that take those bitcoins and then resell them for cash on exchanges like bitstamp thus lower the price of bitcoin.

Bitcoin price probably wont go up again until there is more consumer for demand for the coin or until these business can start paying their suppliers in bitcoin and thus less will be converted to cash on exchanges.

The price lowering is further fueled by large scale miners. As each bitcoin becomes worth less the miners have to sell more and more of their coins everyday to cover their operating costs, once again further lowering the price of bitcoin.

[Deadstock]

How many months for hashlets to ROI at these prices?

[DARKANGEL6415]

As more merchants adopt it the price will go down. This is because now there is more places to spend bitcoins, those merchants are using services like coinbase or bitpay that take those bitcoins and then resell them for cash on exchanges like bitstamp thus lower the price of bitcoin.

Bitcoin price probably wont go up again until there is more consumer for demand for the coin or until these business can start paying their suppliers in bitcoin and thus less will be converted to cash on exchanges.

The price lowering is further fueled by large scale miners. As each bitcoin becomes worth less the miners have to sell more and more of their coins everyday to cover their operating costs, once again further lowering the price of bitcoin.

so let me get this straight bitcoin is trying to get accepted world wide for different reasons but mostly get away from fiat. Am i good so far? ok so now the more this dream comes true and more and more large merchants accept it the lower the price " may " go. If that is the case i really hope places like walmart accept bitcoin lol .... just my 2 cents ... now if those merchants learn to hold and not sell asap then it might be good 

[suchmoon]

As more merchants adopt it the price will go down. This is because now there is more places to spend bitcoins, those merchants are using services like coinbase or bitpay that take those bitcoins and then resell them for cash on exchanges like bitstamp thus lower the price of bitcoin.

Bitcoin price probably wont go up again until there is more consumer for demand for the coin or until these business can start paying their suppliers in bitcoin and thus less will be converted to cash on exchanges.

The price lowering is further fueled by large scale miners. As each bitcoin becomes worth less the miners have to sell more and more of their coins everyday to cover their operating costs, once again further lowering the price of bitcoin.

so let me get this straight bitcoin is trying to get accepted world wide for different reasons but mostly get away from fiat. Am i good so far? ok so now the more this dream comes true and more and more large merchants accept it the lower the price " may " go. If that is the case i really hope places like walmart accept bitcoin lol .... just my 2 cents ... now if those merchants learn to hold and not sell asap then it might be good 

I think that's pure speculation - but that's what you asked for . So here some more.

It could easily go the other way. The more bitcoin is accepted, the more demand will there be for it albeit temporarily at least for the purposes of money transfer. 99% of the population (I'm generous here, probably 99.999% or something) don't hold BTC so they will need to buy the coins if they want to take advantage of the quick low cost worldwide money transfer, whether it's from your bank account to Walmart, or Walmart then using it to pay their Chinese manufacturers, or for person-to-person transfers, or for some other purpose. Think of it as a PayPal alternative (or even PayPal itself using it transparent to their customers) more so than an investment vehicle. Think of all that wave-your-card-at-the-cash-register garbage that banks have been pushing unsuccessfully for years, bitcoin can replace that without users even knowing it's bitcoin underneath. I'm sure there are many other uses people way smarter than me and you can come up with. Some of it might even stick and make us rich

[EvilPanda]

so i am going to ask a question in general since i mostly post on these forums. I would like to know everyone opinion " with out the troll or negative unfounded answers " what do you all think is going on with bitcoin. Seems like it has been dropping like crazy i mean we not near any holidays or anything like that so what do you all think. Once again please no troll answers or people mad who bought btc at like $600  and now it has dropped.

thanks    

Several reasons for the drop:
1. Panic induced by a whale selling since the beginning of September. (regular dumps of ~1000BTC between 5 and 8 UTC on bitstamp).
2. The innitial sales broke below $340 which was the old bottom and caused even more people to bail out.
3. There was a bearish trend since the double top at $660 (stamp price) in July, which only maade things easier for the dumpers.
4. Some sad whale tried to manipulate the price by moving a $30k sell wall on stamp. Just a few hours ago the wall was eaten and we came back up over $300, which is bullish.

[DARKANGEL6415]

so i am going to ask a question in general since i mostly post on these forums. I would like to know everyone opinion " with out the troll or negative unfounded answers " what do you all think is going on with bitcoin. Seems like it has been dropping like crazy i mean we not near any holidays or anything like that so what do you all think. Once again please no troll answers or people mad who bought btc at like $600  and now it has dropped.

thanks    

Several reasons for the drop:
1. Panic induced by a whale selling since the beginning of September. (regular dumps of ~1000BTC between 5 and 8 UTC on bitstamp).
2. The innitial sales broke below $340 which was the old bottom and caused even more people to bail out.
3. There was a bearish trend since the double top at $660 (stamp price) in July, which only maade things easier for the dumpers.
4. Some sad whale tried to manipulate the price by moving a $30k sell wall on stamp. Just a few hours ago the wall was eaten and we came back up over $300, which is bullish.

regular dumps of 1000 btc dam that must be nice i wish i had 100 to dump... who am i kidding i will prob hold them lol to a brighter future of over $5000.00 a coin 

[Pilotseye]

https://hashtalk.org/topic/10903/josh-going-live

Live Stream if someone is interested 

[EvilPanda]

Nice vid, they said some interesting things.
The part with Josh starts at 5:40.

[Mesterlovesz74]

I am selling my 5 Mhs ZenHaslet solo. Of course through the hashlet market, but I can set the price if anyone give me a reasonable price for it!

[DARKANGEL6415]

to above post you might want to list seller name on there and the amount you selling them for. Might make it easier to lacate them in case anyone on here wants to buy them. Just trying to help out i personally am not interested in purchasing them good luck

[diptis]

How long does the delivery take for Hashlet Solo? It's been few hours.

[suchmoon]

How long does the delivery take for Hashlet Solo? It's been few hours.

It should be instant. Where did you buy it?

[BootstrapCoinDev]

The service is bad for Litecoin, because they pay out in Bitcoin…which means they dump every single Litecoin they mine for Bitcoin, to pay their “subscribers” (because that’s what you are – you’re not mining, you’re being paid a “royalty” basically). Constant dumping of Litecoin for Bitcoin is super unhealthy.

[rayzer_br]

The service still being profitable to whom buys new accounts?

I'm wondering to invest in a 250MH/s HashletSolo. Due to the math, I thinking that with this investment could be possible to have a full return at end the first month... Is that right?! 


Thank you in advance,

[dquancey]

The service still being profitable to whom buys new accounts?

I'm wondering to invest in a 250MH/s HashletSolo. Due to the math, I thinking that with this investment could be possible to have a full return at end the first month... Is that right?!  


Thank you in advance,

Nope.

You're missing the $600 maintenance fee you'll pay each month.

Maintenance = $0.08 per MH per day. Based on 30 days, is $600
BTC Return = 0.00025511 BTC x 250 a day x 30 days = 1.913325 BTC ($746.20)

So your total profit per month would be $146.20(based on current BTC price)

So if everything stays the same(it won't) current ROI would be just shy of 12 months.

Enjoy.

[troy112]

The service is bad for Litecoin, because they pay out in Bitcoin…which means they dump every single Litecoin they mine for Bitcoin, to pay their “subscribers” (because that’s what you are – you’re not mining, you’re being paid a “royalty” basically). Constant dumping of Litecoin for Bitcoin is super unhealthy.

What makes you think they are mining Litecoin? They have mentioned on the forum, that they rent mining power to big companies. And most probably they don't mine themselves.

[flyingplows]

from all I read its hard to roi these days with hashlets, its only if you bought them from the start when they were cheap and got primes or first zens... did you hear anything about their new upcoming hashlet for hashcoin or smth, maybe if we buy this one early we could make some profit too  when will it go for sale?

[troy112]

from all I read its hard to roi these days with hashlets, its only if you bought them from the start when they were cheap and got primes or first zens... did you hear anything about their new upcoming hashlet for hashcoin or smth, maybe if we buy this one early we could make some profit too  when will it go for sale?

The only way now people are thinking of getting ROI is with Zen and primes mining hashpoints.
Today's rate is 1mhs pays 19 hashpoints per day.
Also, after the ico of hashcoin, GaW ceo said  1 hashcoin will be equal to $20 and 400 hashpoint equal to 1 hashcoin
So, this is the best hope for roi.

[galdur]

100 BTC Open Bet
To all cloud mining companies:

Very soon we will launch the most profitable miner in the world, by a long shot.

I will bet any cloud mining provider that our new miner, (and our Hashlet Primes,) will remain more profitable than any cloud miner you can offer.

You may choose the time frame -- 6 months, a year -- it does not matter to me.

If you accept my challenge, please email me and post your reply here. You all know how to get ahold of me. :grinning:

https://hashtalk.org/topic/18177/100-btc-open-bet