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Author Topic: [XMR] Monero Speculation  (Read 3312578 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
smooth (OP)
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January 14, 2015, 08:48:17 PM
 #2241

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.



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January 15, 2015, 12:34:35 AM
 #2242

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.





Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.

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January 15, 2015, 01:11:12 AM
 #2243

If it was because of a mega bubble I think you would be having fun Cheesy
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January 15, 2015, 01:19:56 AM
 #2244

... or some people decide to save on their heating costs http://listsbuzz.com/top-10-coldest-countries-in-the-world/

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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January 15, 2015, 01:25:03 AM
 #2245

... or some people decide to save on their heating costs http://listsbuzz.com/top-10-coldest-countries-in-the-world/

You've said that many times and I just now connected it with your name Embarrassed
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January 15, 2015, 01:50:44 AM
 #2246

... or some people decide to save on their heating costs http://listsbuzz.com/top-10-coldest-countries-in-the-world/

Well energy is cheap enough in Russia (which has the majority of the population of that list) that investment electric heaters in the form of CPUs probably wouldn't be attractive compared to natural gas or oil unless there's a megabubble anyway.

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January 15, 2015, 03:14:21 AM
 #2247

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.





Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.
Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.
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January 15, 2015, 03:17:34 AM
 #2248

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.





Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.
Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

I was speaking from the perspective of a professional miner who had switched from mining BTC to a CPU coin.

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January 15, 2015, 03:22:08 AM
 #2249

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.





Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.
Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

I was speaking from the perspective of a professional miner who had switched from mining BTC to a CPU coin.
Ah ok.
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January 15, 2015, 03:25:49 AM
 #2250

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.





Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.
Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

I was speaking from the perspective of a professional miner who had switched from mining BTC to a CPU coin.
Ah ok.

Yeah, I wouldn't mind an extremely high priced XMR and a billion computers mining it at all. Grin

Year 2021
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January 15, 2015, 03:34:17 AM
 #2251

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.





Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.
Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

I was speaking from the perspective of a professional miner who had switched from mining BTC to a CPU coin.
Ah ok.

Yeah, I wouldn't mind an extremely high priced XMR and a billion computers mining it at all. Grin

Yes yes!!! Especially if they were all full-node non-pool CPU miners.

< Track your bitcoins! > < Track them again! > <<< [url=https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/] What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! @@@@ FUCK ALL THE PROFITEERS! PROOF OF WORK OR ITS A SCAM !!! @@@@
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January 15, 2015, 04:52:00 AM
Last edit: January 15, 2015, 05:02:45 AM by jehst
 #2252

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.





Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.
Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

I was speaking from the perspective of a professional miner who had switched from mining BTC to a CPU coin.
Ah ok.

Yeah, I wouldn't mind an extremely high priced XMR and a billion computers mining it at all. Grin

Yes yes!!! Especially if they were all full-node non-pool CPU miners.

An additional side-effect of a billion people each gaining small amounts of XMR is a billion potential customers for a business that accepts XMR. In the current situation, 3600 bitcoin is awarded to perhaps a few thousand professional miners per  day. The miners need to sell a portion of those BTC to cover costs. The rest is profits going to a few thousand people.

In a situation where a billion CPUs dominate XMR mining, you'd have hundreds of millions of people whose equipment and electricity costs are basically negligible sunk costs. They're just receiving XMR and they will spend it all kinds of things. A real economy. The endgame of a CPU/GPU coin is drastically different in ways few people have thought about.

The near-term game for both is the same. 99%+ speculation.

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January 15, 2015, 04:20:51 PM
 #2253

XMR is dirt cheap now. I'm buying small amounts daily
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January 15, 2015, 04:49:35 PM
Last edit: January 15, 2015, 07:41:37 PM by jehst
 #2254

back to 0.0011 or even 0.001 ?
monero looks weak, are all the big fish concentrated on btc? or even on chf ?  Grin

who is buying? who is selling?

i buy slowly slowly Cool
`
I have already reached my long-term XMR holdings goal as a percentage of the eventual ~18.x+ million, so I am not going to support the price here at .001. If anything, I'll donate more to the XMR projects. But if we reach .0005 to .0008, it might be too tempting to resist picking up some more.
Keep in mind where we're going to be in the medium term. Look at the numbers. Bitcoin will likely have another major rally sometime around its blockhalving.

Emission:
https://bitcointalk.org/index.php?topic=702140.msg8108185#msg8108185
When bitcoin has its blockhalving in ~July 2016, XMR's emission is going to be down to ~8,000 coins per day instead of today's ~17,000.  What does that mean?

8,500 * .001 * $500 ( Let's be optimistic and say that bitcoin has recovered to $500 before it starts its next major rally.) = $4250 per day to buy every coin.

$4250? How many XMR supporters do you think it would take to dry up the entire daily supply of XMR and push its price upward during a bitcoin rally in 2016? It's simply not realistic to have a ~8,500 coin/day XMR emission and a .001 price. The price is going to go up and no one is going to be able to complain about anything because we are bumping these XMR threads every day and telling everyone exactly what's going to happen.

EDIT: Fixed numbers.



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January 15, 2015, 04:56:33 PM
 #2255

back to 0.0011 or even 0.001 ?
monero looks weak, are all the big fish concentrated on btc? or even on chf ?  Grin

who is buying? who is selling?

i buy slowly slowly Cool
`
I have already reached my long-term XMR holdings goal as a percentage of the eventual ~18.x+ million, so I am not going to support the price here at .001. If anything, I'll donate more to the XMR projects. But if we reach .0005 to .0008, it might be too tempting to resist picking up some more.
Keep in mind where we're going to be in the medium term. Look at the numbers. Bitcoin will likely have another major rally sometime around its blockhalving.

Emission:
https://bitcointalk.org/index.php?topic=702140.msg8108185#msg8108185
When bitcoin has its blockhalving in ~July 2016, XMR's emission is going to be down to ~3,500 coins per day instead of today's ~17,000.  What does that mean?

3,500 * .001 * $500 ( Let's be optimistic and say that bitcoin has recovered to $500 before it starts its next major rally.) = $1750 per day to buy every coin.

$1750? How many XMR supporters do you think it would take to dry up the entire daily supply of XMR and push its price upward during a bitcoin rally in 2016? It's simply not realistic to have a ~3,500 coin/day emission and a .001 price. And no one is going to be able to complain about anything because we are bumping these XMR threads every day and telling everyone exactly what's going to happen.


+1 - I too have reached the amount I want to hold, given current prices. Of course a 50% dip from here could definitely change my mind. In the meantime, the emission rate is what it is - a distribution mechanism and given the decreasing prices, I would imagine that XMR should end up being distributed relatively widely.

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January 16, 2015, 02:00:20 AM
 #2256

what do you think will be the price of xmr in 2016? its confusing with all those numbers
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January 16, 2015, 02:12:43 AM
 #2257

what do you think will be the price of xmr in 2016? its confusing with all those numbers

Yet another number  Undecided
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January 16, 2015, 02:14:36 AM
 #2258

what do you think will be the price of xmr in 2016? its confusing with all those numbers

Yet another number  Undecided

well im hoping it will be simple like 0.1/0.001/0.5. like that figures
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January 16, 2015, 10:23:14 AM
 #2259

what do you think will be the price of xmr in 2016? its confusing with all those numbers

Yet another number  Undecided

well im hoping it will be simple like 0.1/0.001/0.5. like that figures

Let's just say that, in 2016, XMR price certainly won't be 30 cents.
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January 16, 2015, 10:26:33 AM
 #2260

What price should we reach to break the long term down trend that was resumed recently?

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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