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Rizla2345
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January 14, 2015, 06:01:50 PM |
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There is definitely no reason to panic. The $150 level is a full 25 dollars away.
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Mabsark
Legendary
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Activity: 826
Merit: 1004
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January 14, 2015, 06:15:19 PM |
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There is definitely no reason to panic. The $150 level is a full 25 dollars away.
$135 at current difficulty. Learn to read too. |
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Rizla2345
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January 14, 2015, 06:19:10 PM |
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There is definitely no reason to panic. The $150 level is a full 25 dollars away.
$135 at current difficulty. Learn to read too. Yes, they´ll probably stay open until the payout is at 0.00000001. Not. |
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Mabsark
Legendary
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Activity: 826
Merit: 1004
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January 14, 2015, 06:21:23 PM |
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Yes, they´ll probably stay open until the payout is at 0.00000001. Not.
Why wouldn't they? If the calculated payout after fee substraction is less than or equal to zero, the contract will be suspended. If the number of subsequent days suspended reaches 10, the contract terminates.
0.00000001 > 0. (Because you're so bad at maths) |
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Rizla2345
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January 14, 2015, 06:49:36 PM |
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Perhaps Mabsark has sunk money into this mess after all. He seems a little tense.  |
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Chris_Sabian
Legendary
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Activity: 896
Merit: 1001
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January 14, 2015, 06:56:56 PM |
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Yes, they´ll probably stay open until the payout is at 0.00000001. Not.
Why wouldn't they? If the calculated payout after fee substraction is less than or equal to zero, the contract will be suspended. If the number of subsequent days suspended reaches 10, the contract terminates.
0.00000001 > 0. (Because you're so bad at maths) Don't feed the trolls. Use the ignore button  |
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Mabsark
Legendary
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Activity: 826
Merit: 1004
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January 14, 2015, 07:07:38 PM |
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Don't feed the trolls. Use the ignore button Ignoring trolls when they're spreading FUD is a bad idea. New users won't necessarily know they're trolls so it's better to correct the FUD. |
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Rizla2345
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January 14, 2015, 07:08:35 PM
Last edit: January 14, 2015, 07:20:15 PM by Rizla2345 |
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Yes, it´s always "trolls" if people dare to oppose these shills.
The bottom in BTC has been in constantly for a year now according to experts on these threads. How often have you seen people who have dared to doubt that denounced as trolls spreading fud?
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elasticband
Legendary
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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January 14, 2015, 07:10:32 PM |
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shills vs trolls..... story of life
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thevictimofuktyranny
Legendary
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Activity: 1092
Merit: 1004
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January 14, 2015, 08:14:29 PM |
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ASIC manufacturers (Cointerra) stops operations?
CEX.IO suspends mining?
Why is network hash still so high? Whose is mining to sell at a loss?
Network hash has dropped by 2.9%, so far.
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ttf0
Newbie
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Activity: 5
Merit: 0
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January 14, 2015, 08:20:58 PM |
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Mining at a loss does not imply selling at a loss. Why is this such a prevolent idea? Nobody can have a cash reserve to bet on the long term, mine now, sell later?
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pumawolf
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January 14, 2015, 08:35:05 PM |
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love the low power cost, if btc stays this low we can out last the competition, amhash still has a little better power cost than s4 across the street, but its close. i loaded up by the way. i dont no if were gonna be ok but were in better shape than the rest of the field.
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DARKANGEL6415
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January 14, 2015, 09:44:28 PM |
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love the low power cost, if btc stays this low we can out last the competition, amhash still has a little better power cost than s4 across the street, but its close. i loaded up by the way. i dont no if were gonna be ok but were in better shape than the rest of the field.
yeah i agree and the best part i see they predict that the difficulty will drop down between 9 - 12% here in next cycle as many people seem to be shutting down. Then like i said some people still running jalapenos cause he running all for free power where he has them set up in school housing |
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tsm13
Member
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Activity: 95
Merit: 10
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January 15, 2015, 12:16:33 AM |
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so doing some maths, if the avg btc gets to 136$ over 24hr period this will equal the maintenance fee
1Th/s = $1.555/day earning @ current difficulty and btc = $136
We are on track of difficulty decrease but that not going to happen for ~13 days
If I was an AM Hash holder, I would be asking myself whether I think BTC will drop below 136 and be sustained for 10 days(AMHash terms the contract)
Let me know if my maths isn't correct
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Korbman
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Activity: 1064
Merit: 1001
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January 15, 2015, 12:36:51 AM |
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so doing some maths, if the avg btc gets to 136$ over 24hr period this will equal the maintenance fee
1Th/s = $1.555/day earning @ current difficulty and btc = $136
[...]
Let me know if my maths isn't correct
You're correct. 1 TH/s generates roughly BTC0.01144 per day at the current difficulty, and with a maintenance fee of $1.551 an equilibrium is reached at ~$135.61. Mining at a loss does not imply selling at a loss. [...]
...what does that even mean? If you're mining at a loss, you're essentially "buying" Bitcoin at a higher price than you otherwise could on the market. If, for example, mining a single Bitcoin has a prime cost of $200 (energy, space, cooling, etc) and the current price per one Bitcoin is $180 on the open market, it makes more financial sense to power off the mining gear and purchase Bitcoin directly. If you choose to sell that Bitcoin you just mined, you'd end up with a loss of $20. |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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January 15, 2015, 01:05:42 AM |
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so doing some maths, if the avg btc gets to 136$ over 24hr period this will equal the maintenance fee
1Th/s = $1.555/day earning @ current difficulty and btc = $136
[...]
Let me know if my maths isn't correct
You're correct. 1 TH/s generates roughly BTC0.01144 per day at the current difficulty, and with a maintenance fee of $1.551 an equilibrium is reached at ~$135.61. Mining at a loss does not imply selling at a loss. [...]
...what does that even mean? If you're mining at a loss, you're essentially "buying" Bitcoin at a higher price than you otherwise could on the market. If, for example, mining a single Bitcoin has a prime cost of $200 (energy, space, cooling, etc) and the current price per one Bitcoin is $180 on the open market, it makes more financial sense to power off the mining gear and purchase Bitcoin directly. If you choose to sell that Bitcoin you just mined, you'd end up with a loss of $20. IF the $ stays low. A big farm has inertia. Leases, payroll, possibly other contracts. It's not like pulling the plug, then plugging back in 12 days/weeks/whatever later as it > breaks even again. |
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jawitech
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January 15, 2015, 07:41:43 AM |
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I have just received my payment from AMHash. Thank you, AMHash!
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omererdogan
Newbie
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Activity: 31
Merit: 0
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January 15, 2015, 08:18:50 AM |
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5.4TH profit 0.01BTC  but thank you they don't shut down the machines and payment |
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HarmonLi
Sr. Member
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Activity: 350
Merit: 250
Honest 80s business!
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January 15, 2015, 05:24:26 PM |
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Why is today's payout lower than yesterday's? The BTC price went up in the meantime and yet the payout went down? How does that work!? I though it was derived from Bitstamp's mean daily price!
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Mabsark
Legendary
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Activity: 826
Merit: 1004
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January 15, 2015, 05:50:26 PM |
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Why is today's payout lower than yesterday's? The BTC price went up in the meantime and yet the payout went down? How does that work!? I though it was derived from Bitstamp's mean daily price!
Well then, wouldn't today's payout be based on the past 24 hours, and yesterdays payout would be based on the previous 24 hours. The last 24 hours have seen lower prices than the 24 hour before that. |
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