Bitcoin Forum
September 26, 2018, 05:54:26 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: End of an Era  (Read 4231 times)
carm
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
November 12, 2014, 06:22:08 AM
 #21

it makes some effect for bitcoin prices or not if 1 of the big pool closed?
No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining.

This has been stuck with me for a few days.

Is it due to the volatility, arbitrage market,  that miners see an affect from fluctuations?
1537941266
Hero Member
*
Offline Offline

Posts: 1537941266

View Profile Personal Message (Offline)

Ignore
1537941266
Reply with quote  #2

1537941266
Report to moderator
1537941266
Hero Member
*
Offline Offline

Posts: 1537941266

View Profile Personal Message (Offline)

Ignore
1537941266
Reply with quote  #2

1537941266
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537941266
Hero Member
*
Offline Offline

Posts: 1537941266

View Profile Personal Message (Offline)

Ignore
1537941266
Reply with quote  #2

1537941266
Report to moderator
1537941266
Hero Member
*
Offline Offline

Posts: 1537941266

View Profile Personal Message (Offline)

Ignore
1537941266
Reply with quote  #2

1537941266
Report to moderator
VulgusMan
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile
November 12, 2014, 06:05:39 PM
 #22

i do not understand...
btcguild close or not???

hope someone can clarify

alh
Legendary
*
Offline Offline

Activity: 1540
Merit: 1011


View Profile
November 12, 2014, 11:37:53 PM
 #23

it makes some effect for bitcoin prices or not if 1 of the big pool closed?
No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining.

This has been stuck with me for a few days.

Is it due to the volatility, arbitrage market,  that miners see an affect from fluctuations?

Large scale miners are affected because most of their inputs to mining (e.g. electricity, rent, cooling, staff, hardware) are priced in USD (in the USA). That means when it comes time to pay the electric bill, or staff wages, or rent, they may need to sell some BTC to do so. They may find they have less, or possibly no, BTC left over. Small scale home miners don't have the same constraints, but they may also decide not to subsidize their mining "hobby" forever.
picolo
Hero Member
*****
Offline Offline

Activity: 882
Merit: 500


https://www.localcoinswap.com/


View Profile
November 14, 2014, 08:37:52 PM
 #24

it makes some effect for bitcoin prices or not if 1 of the big pool closed?
No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining.

yup, if the bitcoins drops again most miners would be forced to close

Some have huge margins so it would just mean they are not making much money out of their investment or suffering a small loss but most will keep mining hoping for a higher price in the future.
If the price stays relatively low mining farms will slow down investments and not replace hardware; there will be less new farms and they will be smaller

                 ▄▄██████████████▄▄
             ▄███████████████████████▄
           █████████████████████████████
         ███▀▀█████▀▀ ██  ██  ▀▀██████████
        ██▀ ▄  ▀      ██  ██      ▀█████████
       █▀ ▄██▀        ██  ██        █████████
      ▀ ▄███▌      ███████████▄▄  ▄███████████
      ▄████▌        ▀██████████████████████████
    ▄██████     ██▄   ▀███████████████████████████▀
  ▄████████    █████▄▄  ▀███████████████████████▀
▄██████████    ████████▄  ▀███████████████████▀
    ███████    ██████████▄   ▀██████████████▀ ▄█
    ███████    ████████████▄▄  ▀██████████▀ ▄███
    ███████▌    ██████████████▄  ▀██████▀ ▄████
     ███████      ██████████████▄  ▀██▀ ▄██████
      ███████▄      ▀██████████▀      ████████
       ████████       ██  ██        █████████
        █████████▄    ██  ██     ▄██████████
          ██████████▄▄██▄▄██▄▄▄███████████
            ████████████████████████████
              ▀██████████████████████▀
                  ▀▀████████████▀▀
                  

LocalCoinSwap
   World's Most Inclusive 
         Cryptocurrency Marketplace
[]
██████████████
█████████████████
██░░░░░████████████
██░░░░░██████████████
█████████████████████
██░░░░░░░░░░░░░░░░░██
█████████████████████
██░░░░░░░░░░░░░░░░░██
█████████████████████
██░░░░░░░░░░░░░░░░░██
█████████████████████
█████████████████████
TELEGRAM
TWITTER
FACEBOOK
REDDIT
INSTAGRAM
MEDIUM
LINKED IN
STEEMIT
Jeremias
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
November 16, 2014, 04:51:39 AM
 #25

btcguild is not closing down, it is official, as per the announcement on their website.
VulgusMan
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile
November 16, 2014, 03:46:11 PM
 #26

btcguild is not closing down, it is official, as per the announcement on their website.

thanks jeremy!

elliwilli
Sr. Member
****
Offline Offline

Activity: 307
Merit: 250


et rich or die tryi


View Profile WWW
November 16, 2014, 03:54:16 PM
 #27

Damn, i dont mine BTC anymore but i used to mine on that pool. shame to see them go realy...

picolo
Hero Member
*****
Offline Offline

Activity: 882
Merit: 500


https://www.localcoinswap.com/


View Profile
November 16, 2014, 06:51:24 PM
 #28

Btcguild planning to shut down by January 31, 2015.

https://bitcointalk.org/index.php?topic=49417.msg9395478#msg9395478
http://www.reddit.com/r/Bitcoin/comments/2kwmhd/btcguild_shutting_down/

Wow, is it really the mining farms getting on the bitcoin economy? What started out as P2P now getting converted to B2C. Now, the regulations will come in place slowly.


It is the end of an area in the Bitcoin mining landscape but it is comforting to know you are leaving ahead and paying everyone

https://bitcointalk.org/index.php?topic=49417.msg9395478#msg9395478

                 ▄▄██████████████▄▄
             ▄███████████████████████▄
           █████████████████████████████
         ███▀▀█████▀▀ ██  ██  ▀▀██████████
        ██▀ ▄  ▀      ██  ██      ▀█████████
       █▀ ▄██▀        ██  ██        █████████
      ▀ ▄███▌      ███████████▄▄  ▄███████████
      ▄████▌        ▀██████████████████████████
    ▄██████     ██▄   ▀███████████████████████████▀
  ▄████████    █████▄▄  ▀███████████████████████▀
▄██████████    ████████▄  ▀███████████████████▀
    ███████    ██████████▄   ▀██████████████▀ ▄█
    ███████    ████████████▄▄  ▀██████████▀ ▄███
    ███████▌    ██████████████▄  ▀██████▀ ▄████
     ███████      ██████████████▄  ▀██▀ ▄██████
      ███████▄      ▀██████████▀      ████████
       ████████       ██  ██        █████████
        █████████▄    ██  ██     ▄██████████
          ██████████▄▄██▄▄██▄▄▄███████████
            ████████████████████████████
              ▀██████████████████████▀
                  ▀▀████████████▀▀
                  

LocalCoinSwap
   World's Most Inclusive 
         Cryptocurrency Marketplace
[]
██████████████
█████████████████
██░░░░░████████████
██░░░░░██████████████
█████████████████████
██░░░░░░░░░░░░░░░░░██
█████████████████████
██░░░░░░░░░░░░░░░░░██
█████████████████████
██░░░░░░░░░░░░░░░░░██
█████████████████████
█████████████████████
TELEGRAM
TWITTER
FACEBOOK
REDDIT
INSTAGRAM
MEDIUM
LINKED IN
STEEMIT
-ck
Moderator
Legendary
*
Offline Offline

Activity: 2660
Merit: 1143


Ruu \o/


View Profile WWW
November 16, 2014, 09:29:13 PM
 #29

Please stop the confusion, it's been stated multiple times that for the time being, Eleuthria is NOT closing btcguild.

/locked

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!