monbux
Legendary
Offline
Activity: 1736
Merit: 1029
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January 04, 2015, 01:09:11 AM |
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Well, this investment just turned into horse manure.
haha, ikr. Too bad I wasn't reading this thread a couple days ago, I was actually planning to sell...
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dmcdad
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January 04, 2015, 01:26:45 AM |
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if mining capacity drops sharply, confirmation may takes forever and kill bitcoin That isn't the way the bitcoin protocol works. It will adjust to a 10 minute confirmation regardless of the direction difficulty goes.
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gog1
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January 04, 2015, 02:06:49 AM |
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if mining capacity drops sharply, confirmation may takes forever and kill bitcoin That isn't the way the bitcoin protocol works. It will adjust to a 10 minute confirmation regardless of the direction difficulty goes. If network hashrate drops by a small amount - then what you say is correct, if hashrate drops by 90% in an extremely short period of time, it'll take 140 days to confirm all the necessary blocks for the next diff adjustment.
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dmcdad
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January 04, 2015, 02:09:03 AM |
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if mining capacity drops sharply, confirmation may takes forever and kill bitcoin That isn't the way the bitcoin protocol works. It will adjust to a 10 minute confirmation regardless of the direction difficulty goes. If network hashrate drops by a small amount - then what you say is correct, if hashrate drops by 90% in an extremely short period of time, it'll take 140 days to confirm all the necessary blocks for the next diff adjustment. I'm not going to lose sleep over that scenario.
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galdur
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January 04, 2015, 02:20:08 AM |
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This bitcoin thing is devilishly difficult and more complex than any stock I´ve been in.
So, I´ve tried to make it as simple as possible for me there at Havelock.
I have this investment and also B.MINE a buy-side derivative. Its yield is good and
very importantly it´s totally constant between difficulty adjustments.
Then i simply rely on compound interest through reinvestments to keep my total dividend
yield ahead of drops due to difficulty increases and falling BTC. And I grab obvious
trading opportunities if they present themselves to bring my average down. This has worked
pretty well and due to the low Amhash price, dividends now give me 1.5% increase in share
number per day or compounded 25% in 14 days, between difficulty adjustments.
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galdur
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January 04, 2015, 02:35:27 AM |
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I can get B.MINE in two ways.
1. By purchasing B.EXCH where I get an equal number of B.MINE and B.SELL
the sell-side derivative. So far I´ve sold B.SELL right away.
2. By purchasing B.MINE directly on the market if it´s cheaper there than
B.M - B.S. in 1.
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galdur
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January 04, 2015, 02:46:32 AM |
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Needless to say the reason I post this is i hope to get more lively trade in these derivatives thus hopefully creating trading opportunities for me.
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jawitech
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January 04, 2015, 04:54:31 AM |
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Needless to say the reason I post this is i hope to get more lively trade in these derivatives thus hopefully creating trading opportunities for me. There's a lot of stuff to read, not so easy to understand. Could you please give a short summary how they work, when will which of them make profit?
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pumawolf
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January 04, 2015, 07:43:40 AM |
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Needless to say the reason I post this is i hope to get more lively trade in these derivatives thus hopefully creating trading opportunities for me. i perfer b mine as well, i dont have to worry about btc prices.i know what im getting. but the liquidity is dogshit over there,not much to play with. oh yea theres an end game,so becareful guys. the divdends come from a reserve fund. if ur good at math u will be fine.
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galdur
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January 04, 2015, 09:45:20 AM |
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Needless to say the reason I post this is i hope to get more lively trade in these derivatives thus hopefully creating trading opportunities for me. There's a lot of stuff to read, not so easy to understand. Could you please give a short summary how they work, when will which of them make profit? Read up on it here https://bitcointalk.org/index.php?topic=430137.0
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alevlaslo
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January 04, 2015, 11:10:52 AM |
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On the Hashnest farm 0.0003 today and S2 market 0.0002
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Sale the first NFT of the first foto
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jawitech
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January 04, 2015, 11:21:31 AM |
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On the Hashnest farm 0.0003 today and S2 market 0.0002 Wow. I bought some at .00049 and thought it would recover. Seems the christmas offer caused a lot of panic sells.
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galdur
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January 04, 2015, 11:22:15 AM |
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On the Hashnest farm 0.0003 today and S2 market 0.0002 Do they accept credit cards ?
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ajw7989
Legendary
Offline
Activity: 924
Merit: 1000
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January 04, 2015, 11:48:57 AM |
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On the Hashnest farm 0.0003 today and S2 market 0.0002 Wow. I bought some at .00049 and thought it would recover. Seems the christmas offer caused a lot of panic sells. If we want to see a boost in price bitmain needs to remove their gigantic "sales" at 0.0005 and the few slightly above it.
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jawitech
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January 04, 2015, 12:36:32 PM |
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On the Hashnest farm 0.0003 today and S2 market 0.0002 Do they accept credit cards ? How can I pay for my order? Can I use credit cards, Paypal or Western Union? USD bank transfer has been added for the S4, however for all other products only Bitcoin payment is accepted. Besides, we also accept USD wires. Please email us at info@bitmaintech.com to get USD remittance info when placing an order to be paid by USD bank transfer.
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AirWolf
Full Member
Offline
Activity: 140
Merit: 100
Havelock robbed me 170BTC
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January 04, 2015, 01:21:05 PM |
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BTC price = 287 on Bitstamp. Are we facing a bump upcoming or BTC is dying. $ 286.81 (-8.98 %) Estimated Next Difficulty: 45,872,728,865 (+12.87%) Adjust time: After 1337 Blocks, About 8.4 days "These are the times that try men's souls." like the man said. The market is always right. For a year it has been trying to wash out excess mining capacity. But still it balloons. The question is what it takes. Maybe $250, 225, 200 who knows. Something has got to give. I concur with Galdur, the main reason bitcoin keeps devaluing is that it is being over mined, now if all the major mines would come together in a guild or pact to limit the damage to the bitcoing ecosystem and keep the mining capacity at some calculated level, the result will be that mining contracts prices will rise, difficulty will decrease and bitcoin price will rise. The original intention of the mining was to be rewarded for processing transactions, Satoshi Nakamoto knew of this and there are some references around that says that in the end mining for the profit will become irrelevant and the reward should come from the transaction processing, of course that will happen if the transaction volume will rise 10 fold of what it is today, but the hard cold truth is that the greedy Chinese looks incapable to grasp this wise view of the ecosystem. They know that they have until mid-2016 to mine the shit out of bitcoin, after that, mining becomes economically unpractical at the difficult levels we are seeing just today, coupled with electricity prices and maintenance, so the Ragnarok will surely come when reward halves in mid-2016. Until then, bitcoin will lose more value and supporters, the general faith will erode, and the Chinese will keep pumping more money into new mines to get even less money back and then we will be left with a bitcoin which average price is about $150 or less. Bleak... again the only constant in the Universe is human stupidity...
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HAVELOCK ROBBED ME MORE THAN 170BTC - BEWARE OF THIS THIEVES!
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elasticband
Legendary
Offline
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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January 04, 2015, 01:28:49 PM |
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regardless of mining power 3600BTC(roughly) will still be mined per day.........
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Blazed
Casascius Addict
Legendary
Offline
Activity: 2128
Merit: 1119
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January 04, 2015, 02:25:28 PM |
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BTC price = 287 on Bitstamp. Are we facing a bump upcoming or BTC is dying. $ 286.81 (-8.98 %) Estimated Next Difficulty: 45,872,728,865 (+12.87%) Adjust time: After 1337 Blocks, About 8.4 days "These are the times that try men's souls." like the man said. The market is always right. For a year it has been trying to wash out excess mining capacity. But still it balloons. The question is what it takes. Maybe $250, 225, 200 who knows. Something has got to give. I concur with Galdur, the main reason bitcoin keeps devaluing is that it is being over mined, now if all the major mines would come together in a guild or pact to limit the damage to the bitcoing ecosystem and keep the mining capacity at some calculated level, the result will be that mining contracts prices will rise, difficulty will decrease and bitcoin price will rise. The original intention of the mining was to be rewarded for processing transactions, Satoshi Nakamoto knew of this and there are some references around that says that in the end mining for the profit will become irrelevant and the reward should come from the transaction processing, of course that will happen if the transaction volume will rise 10 fold of what it is today, but the hard cold truth is that the greedy Chinese looks incapable to grasp this wise view of the ecosystem. They know that they have until mid-2016 to mine the shit out of bitcoin, after that, mining becomes economically unpractical at the difficult levels we are seeing just today, coupled with electricity prices and maintenance, so the Ragnarok will surely come when reward halves in mid-2016. Until then, bitcoin will lose more value and supporters, the general faith will erode, and the Chinese will keep pumping more money into new mines to get even less money back and then we will be left with a bitcoin which average price is about $150 or less. Bleak... again the only constant in the Universe is human stupidity... If you really believe in Bitcoin then the USD is irrelevant long term...atleast I keep telling myself that
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galdur
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January 04, 2015, 02:27:10 PM |
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regardless of mining power 3600BTC(roughly) will still be mined per day.........
There never is any meaningful volume. BTC on a good 24 hours maybe turns over what 50 million dollars. That´s like 1/60th of Facebook volume in a 6 1/2 hr. market session. But IF BTC is to amount to anything in the future then massive volume will come in at some point. With such a tiny float a billion dollars could send it up dozens of percent in virtually minutes.
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galdur
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January 04, 2015, 02:34:24 PM |
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But of course big money isn´t going to put any meaningful capital
into "exchanges" where you really have to withdraw all funds daily
because the operation might be gone the morning after.
The libertarian system looks good on paper but when it´s put into
practice you get all this criminal garbage like shitflies on dung and
it totally destroys market confidence.
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