KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2438 blocks

[Steamtyme]

Nice, they'll be even nicer when my extra 741's show up next week.

Found someone holding an unused pallet. Their sales dried up after the FOMO, so I got 3 at a decent price

Keep the blocks coming

[BSGMiner]

BTClock of the morning to ya!

BTCig BTClock weekend has officially arrived!!!

[clgrissom3]

Block by sidewinder!

Yay block!

This is our 1st of BLOCK FRIDAY!

[MKMiners]

Block by sidewinder!

Yay block!

This is our 1st of BLOCK FRIDAY!

Yah, let's get 1-2 more under the belt before Friday goes over...

[A.Delaney]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

[rifleman74]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Time to make some choices....

[Shazam!!!]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

[ccgllc]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

Happen to know what the relative difficulty was this time last year?  e.g.  1/3rd of what it is today?  I'm just curious what the difficulty-adjusted price was this time last year vs. today.

[swanny88]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

Happen to know what the relative difficulty was this time last year?  e.g.  1/3rd of what it is today?  I'm just curious what the difficulty-adjusted price was this time last year vs. today.

It's nine days away but next difficultly looks like it's going to go up between 5 and 10 percent.  These are difficult days to be a miner.

[rifleman74]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

Happen to know what the relative difficulty was this time last year?  e.g.  1/3rd of what it is today?  I'm just curious what the difficulty-adjusted price was this time last year vs. today.

Probably was less than that a year ago. 

[Yrth]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

Happen to know what the relative difficulty was this time last year?  e.g.  1/3rd of what it is today?  I'm just curious what the difficulty-adjusted price was this time last year vs. today.

It was
Jun 17 2017    711,697,198,173

About 1/7th of what it is now.

[swanny88]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards. NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.

Happen to know what the relative difficulty was this time last year?  e.g.  1/3rd of what it is today?  I'm just curious what the difficulty-adjusted price was this time last year vs. today.

It was
Jun 17 2017    711,697,198,173

About 1/7th of what it is now.

Just think, it could go up by 711,697,198,173 in nine days...lol  It's crazy

[BSGMiner]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

I have an Avalon6. Mine is no longer profitable.

MINE ON (ANYWAY)!!!

[BSGMiner]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Time to make some choices....

In a year from now, people will be saying exactly what they were saying a few short months ago:

"Ugh! I wish I would've started mining when BTC was a fraction of what it is now! If only I would've had the foresight to see it was about to skyrocket! Miners are sooo cool, but I'm a stoopit loser for not being smart like them! Whaaa!!!" <Falls to ground in the fetal position sobbing uncontrollably>

Ha! We can dream, can't we?

[A.Delaney]

I refuse to pull the plug at this point and I won’t sell my miners. However if it gets around 3k I’ll just buy it.

[BSGMiner]

I refuse to pull the plug at this point and I won’t sell my miners. However if it gets around 3k I’ll just buy it.

The only reason why I don't just buy is the paper trail. Unless I'm missing something, I feel like it's defeating the privacy factor.

[kano]

This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.

Time to make some choices....

In a year from now, people will be saying exactly what they were saying a few short months ago:

"Ugh! I wish I would've started mining when BTC was a fraction of what it is now! If only I would've had the foresight to see it was about to skyrocket! Miners are sooo cool, but I'm a stoopit loser for not being smart like them! Whaaa!!!" <Falls to ground in the fetal position sobbing uncontrollably>

Ha! We can dream, can't we?

That happens every so often - and has happened a number of times over the past 9 years

The first big 'bubble' early 2011 was to around $30, then before the end of that year it was a down to $2 ...

The price goes up and down - and up and down and up and ...

[mercurye]

At what price do the large miners sell % over the cost of production? That would be the main supply of new coins.

I can't understand why market prices can be sold at cost of production. If large miners were to hold out for 50% of margins, prices would jump. However that is not happening.

 

[Vlada69]

At what price do the large miners sell % over the cost of production? That would be the main supply of new coins.

I can't understand why market prices can be sold at cost of production. If large miners were to hold out for 50% of margins, prices would jump. However that is not happening.

 

Out of 17 million dug out so far, 50% of it are in control of Chinese. Take a wild guess who is controlling the market and the price.

[BSGMiner]

At what price do the large miners sell % over the cost of production? That would be the main supply of new coins.

I can't understand why market prices can be sold at cost of production. If large miners were to hold out for 50% of margins, prices would jump. However that is not happening.

Out of 17 million dug out so far, 50% of it are in control of Chinese. Take a wild guess who is controlling the market and the price.

What's more annoying is the market manipulation by all the speculation, futures trading, etc.

If I was in that business, I'd demand taking delivery of every won future contract just like I would for all the precious metals. It's a scam! They don't have that silver, gold, or BTC! They just buy it out when they realize they lost that wager on their long/short sell. What a racket! <Steps away from soap box>