firetreeactual
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Activity: 952
Merit: 1003
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August 02, 2016, 07:40:42 PM |
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I think most of us on this board know better...we've sure discussed the crap out of it. I lost 1K BTC at Mt. Gox. Never again.
1K BTC, that sounds very painful. It was. Quite. Of course, that was back in "the day" when that much BTC basically got me a cup of coffee at the local joint. You could mine with a decent laptop (which was what I did for a while in the beginning...then a Radeon R9, then an S2, then the S3s, then the S7s...now, hopefully a couple of Avalons). Today...well, I wouldn't be living where I am (subsidized, a nice but small "hooch" in paradise, and 30A of service...) if I had that still, but I don't cry over it. I had to start over not because of Mt. Gox (although I know someone who did have to do that...they still haven't really recovered), but because of the market crash in '07, and a medical crisis. I lost everything. I'm quite OK now, and moving on. Retirement isn't so bad, even when it's sorta kinda forced on you.  |
To infinity and beyond...on two 741s and one of only 3...nope, make that 4...full nodes in Hawaii...on <30A. (I have other gear on the Hoth ice planet)
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gpicasso
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Activity: 8
Merit: 0
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August 02, 2016, 07:42:12 PM |
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Just wondering what the thoughts are on the current BTC price, if the price stays below 600 who is buying any S9's. Unless your electric is under 5 cents your not making any money. Rentals is a total waste at this price. The pain point is here , I am just wondering how much people are willing to lose.
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wolfen
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August 02, 2016, 07:48:03 PM |
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I think most of us on this board know better...we've sure discussed the crap out of it. I lost 1K BTC at Mt. Gox. Never again.
1K BTC, that sounds very painful. It was. Quite. Of course, that was back in "the day" when that much BTC basically got me a cup of coffee at the local joint. You could mine with a decent laptop (which was what I did for a while in the beginning...then a Radeon R9, then an S2, then the S3s, then the S7s...now, hopefully a couple of Avalons). Today...well, I wouldn't be living where I am (subsidized, a nice but small "hooch" in paradise, and 30A of service...) if I had that still, but I don't cry over it. I had to start over not because of Mt. Gox (although I know someone who did have to do that...they still haven't really recovered), but because of the market crash in '07, and a medical crisis. I lost everything. I'm quite OK now, and moving on. Retirement isn't so bad, even when it's sorta kinda forced on you. Sounds like you have a good gig. Retirement would be cool. |
For those about to block we salute you! AC->BTC
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wolfen
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August 02, 2016, 07:50:23 PM |
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I think it is just a bunch of panicking traders. You just cannot give up your keys. You have to have some level of basic security.
Aug 19 2015 bitfinex did it also.
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For those about to block we salute you! AC->BTC
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Sierra8561
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August 02, 2016, 08:14:42 PM |
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kinda funny difficulty dropped and of course btc price did as well.
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thedreamer
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Activity: 1694
Merit: 1002
Go Big or Go Home.....
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August 02, 2016, 08:15:31 PM |
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LOL.. Hack my behind. They needed some spending money.. .AGAIN...
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Go Big or Go Home.
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Heppe
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Activity: 112
Merit: 10
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August 02, 2016, 08:17:02 PM |
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Will the bitmain Hardware cost the same in the Price drops?
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firetreeactual
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Activity: 952
Merit: 1003
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August 02, 2016, 08:45:07 PM |
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They quote in USD. Whatever the BTC is will vary, of course.
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To infinity and beyond...on two 741s and one of only 3...nope, make that 4...full nodes in Hawaii...on <30A. (I have other gear on the Hoth ice planet)
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Heppe
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Activity: 112
Merit: 10
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August 02, 2016, 09:00:40 PM |
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 So what to do with the BTC while the Price drop? Waiting?
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firetreeactual
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Activity: 952
Merit: 1003
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August 02, 2016, 09:15:01 PM |
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So what to do with the BTC while the Price drop? Waiting? Don't do anything with it. Why? Panic? Don't. Bitcoin is not for the faint of heart. It's like any other capital investment; it can lose relative value, or gain it. I hold BTC and don't spend it if I don't have to. It's worth 205% more now than it was several months ago, and that's a damn good ROI for any venue. In the meantime...  |
To infinity and beyond...on two 741s and one of only 3...nope, make that 4...full nodes in Hawaii...on <30A. (I have other gear on the Hoth ice planet)
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philipma1957
Legendary
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Activity: 4144
Merit: 7958
'The right to privacy matters'
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August 02, 2016, 10:37:43 PM |
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I purchased some btc today.
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Mikestang
Legendary
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Activity: 1274
Merit: 1000
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August 02, 2016, 11:02:36 PM |
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So what to do with the BTC while the Price drop? Waiting? I purchased some btc today.
If you like playing the market, follow Phil and buy a little coin, set it aside until the price climbs back up, and sell it off. Otherwise, unless you run your miners on a tight budget that is dependent on btc market value, nothing to do but keep on mining. Enough of these hacks have happened that the market reaction can be predicted, generally, and I expect it will bounce back shortly. |
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traxor
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August 02, 2016, 11:05:51 PM |
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I'm holding off on purchasing for "right now". Holding the coin that I still have. Currently, Bitfinex has stated that they lost 119,756 Bitcoin (around $74,000,000 USD at the time of the hack). They are probably insolvent at this point. I trade on the exchanges as a natural extension to mining. I won't get into my personal situation -- but it isn't good.  |
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gpicasso
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Activity: 8
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August 02, 2016, 11:07:13 PM |
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Well today is a full on sell off, maybe time to buy but not time to mine:(
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sorry2xs
Legendary
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Activity: 924
Merit: 1000
Dark Passenger Bitcoin miner 2013,Bitcoin node
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August 02, 2016, 11:07:36 PM |
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So what to do with the BTC while the Price drop? Waiting? Don't do anything with it. Why? Panic? Don't. Bitcoin is not for the faint of heart. It's like any other capital investment; it can lose relative value, or gain it. I hold BTC and don't spend it if I don't have to. It's worth 205% more now than it was several months ago, and that's a damn good ROI for any venue. In the meantime... it's down to 514.xx us  Edit: 485.xx us  |
Please tip the Node 1MPWKB23NsZsXHANnFwVAWT86mL24fqAjF; KO4UX
THAT NO GOOD DO GOODER BAT!!!
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-ck
Legendary
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Activity: 4130
Merit: 1636
Ruu \o/
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August 02, 2016, 11:09:07 PM |
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I purchased some btc today.
Too early. Wait a bit more from the looks of it  |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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firetreeactual
Legendary
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Activity: 952
Merit: 1003
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August 02, 2016, 11:13:36 PM |
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Depends on which exchange you're looking at, I guess (re spot)...but it's around 500. I'm not worried at all. I'll have to buy some (I hope) tomorrow to pick up on a couple of A6s. The seller is really getting the better end of it, perhaps.
EDIT: I do, however, agree with Con that it's a bit early if you're doing it for ROI. I'm buying because I have to. Otherwise I'd just hold for now.
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To infinity and beyond...on two 741s and one of only 3...nope, make that 4...full nodes in Hawaii...on <30A. (I have other gear on the Hoth ice planet)
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gpicasso
Newbie
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Activity: 8
Merit: 0
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August 02, 2016, 11:29:13 PM |
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Depends on which exchange you're looking at, I guess (re spot)...but it's around 500. I'm not worried at all. I'll have to buy some (I hope) tomorrow to pick up on a couple of A6s. The seller is really getting the better end of it, perhaps.
EDIT: I do, however, agree with Con that it's a bit early if you're doing it for ROI. I'm buying because I have to. Otherwise I'd just hold for now.
What i do not understand is a A6 is 3.5- 4th...at current price thats 79.00mo based at 527.00BTC electric based on 7cents @ 1.1kw is 56.25. Thats not much of a margin for error at this time. |
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VRobb
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August 02, 2016, 11:37:06 PM |
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Well we did get a block amongst all the angst!
Cheers to hjry for cracking the latest!
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I don't believe in superstition because it's bad luck: 13thF1oor6CAwyzyxXPNnRvu3nhhYeqZdc
These aren't the Droids you're looking for: S5 & S7 (Sold), R4B2, R4B4 (RIP), 2x S9 obsolete, 2xS15-28, S17-56, S17-70
Pushing a whopping 1/5 PH! Oh The SPEED!!!
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Sierra8561
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August 02, 2016, 11:39:48 PM |
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Depends on which exchange you're looking at, I guess (re spot)...but it's around 500. I'm not worried at all. I'll have to buy some (I hope) tomorrow to pick up on a couple of A6s. The seller is really getting the better end of it, perhaps.
EDIT: I do, however, agree with Con that it's a bit early if you're doing it for ROI. I'm buying because I have to. Otherwise I'd just hold for now.
What i do not understand is a A6 is 3.5- 4th...at current price thats 79.00mo based at 527.00BTC electric based on 7cents @ 1.1kw is 56.25. Thats not much of a margin for error at this time. With the price of btc today the S7 and A6 aren't profitable for most miners. If this continues watch the difficulty drop substantially. EDIT: .09 cent power and higher are losing money |
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