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dlowings (OP)
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January 13, 2015, 10:48:43 PM |
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How do you feel about ROI now and for future hardware purchases when BTC is sub 150 ?
Anyone starting to see the light yet >
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BTC donations welcome:- 1BrersvQubEKt4m2hBXDNvU1B4RiYe6J4i - Feel free to visit wiki.chainminer.com for free hardware listings, and mining info. - IRC on freenode #wiki.chainminer.com
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Tupsu
Legendary
 Offline
Activity: 1218
Merit: 1003
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January 13, 2015, 10:53:28 PM |
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I bought today 10 BTC
To buy soon more miners.
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MyRig
Donator
Hero Member
Offline
Activity: 792
Merit: 510
support@myrig.com
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January 13, 2015, 11:00:38 PM |
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+1  Couldn't resist... sorry  I bought today 10 BTC
To buy soon more miners.
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Antminer & DragonMint Repair E-mail: support@myrig.com T: @MyRig_com Return Address: MyRig 3700 Quebec Street, Unit 100-239, Denver, Colorado 80207, USA |
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dlowings (OP)
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January 13, 2015, 11:07:42 PM |
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I'm sorry I had to laugh…. remember when we all talked about alt coins being a pump and dump …
Don't look now but 2014 was the dump year for Bitcoin … and with Russia out of the game I suspect we will see little if any pump in 2015 ….
sorry guys ...
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BTC donations welcome:- 1BrersvQubEKt4m2hBXDNvU1B4RiYe6J4i - Feel free to visit wiki.chainminer.com for free hardware listings, and mining info. - IRC on freenode #wiki.chainminer.com
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PolarPoint
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January 13, 2015, 11:25:30 PM |
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I bought today 10 BTC
To buy soon more miners.
Buying a miner in btc still may not ROI in btc. Unless you plan to sell mined bitcoin and calculate profit in fiat. Then, why not just hold the btc and not mine? |
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philipma1957
Legendary
 Online
Activity: 4312
Merit: 8868
'The right to privacy matters'
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January 14, 2015, 12:16:36 AM |
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I bought today 10 BTC
To buy soon more miners.
Buying a miner in btc still may not ROI in btc. Unless you plan to sell mined bitcoin and calculate profit in fiat. Then, why not just hold the btc and not mine? If you have any belief in this at all you should : 1)buy btc with fiat today 2)hold some 3)spend some 4) you should mine 5) holding some of the btc 6) spend some of the btc. If you want to make money on this, I would say the bears are out. So play this like a bear market. |
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Korbman
Legendary
Offline
Activity: 1064
Merit: 1001
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January 14, 2015, 02:21:58 AM |
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Don't look now but 2014 was the dump year for Bitcoin …
Understandably so. For the most part, 2014 was the year of industrial mining. They're not in this game to hold onto Bitcoin, they're in it to dump what they mine and reach their breakeven projections as soon as possible. When you're working with a few million $$ in hardware, holding Bitcoin for the potential to have a higher return doesn't make sense. |
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xstr8guy
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January 14, 2015, 02:51:33 AM |
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As painful as this drop feels, maybe we will see industrial mining start to wane if the price stays low for a few months.
But my instincts tell me that this will barely hurt the strongest manufacturers such as Bitfury, at least in the near-term. They strongest may even continue to take a larger percentage of the network as the weaker competitors dropout and home mining stops completely. And I think that will destroys the future of bitcoin as we know it.
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alh
Legendary
Offline
Activity: 1848
Merit: 1052
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January 14, 2015, 07:57:57 AM |
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Bitcoin price nearly in free fall for a while tonight:
$187.55!!!
Lots of thinking to do at this price for a whole lot of miners.
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mavericklm
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January 14, 2015, 01:16:25 PM |
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Best thing to do is lay back with a pizza and some beer! When it hits 100$ i'll buy some for the future of my kids  |
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xstr8guy
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January 14, 2015, 03:03:52 PM |
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Best thing to do is lay back with a pizza and some beer! When it hits 100$ i'll buy some for the future of my kids Let's hope for your kids sake that it's not 1 BTC = 1 school lunch. |
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wpgdeez
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January 14, 2015, 04:23:42 PM |
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I bought today 10 BTC
To buy soon more miners.
Buying a miner in btc still may not ROI in btc. Unless you plan to sell mined bitcoin and calculate profit in fiat. Then, why not just hold the btc and not mine? If you have any belief in this at all you should : 1)buy btc with fiat today 2)hold some 3)spend some 4) you should mine 5) holding some of the btc 6) spend some of the btc. If you want to make money on this, I would say the bears are out. So play this like a bear market. Because the buy and hold method worked so well in 2014. |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3015
Welt Am Draht
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January 14, 2015, 05:28:56 PM |
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I'm sorry I had to laugh…. remember when we all talked about alt coins being a pump and dump …
Don't look now but 2014 was the dump year for Bitcoin … and with Russia out of the game I suspect we will see little if any pump in 2015 ….
Russia has never counted for shit in the crypto space. |
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Dalkore
Legendary
Offline
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
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January 14, 2015, 07:20:20 PM |
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As painful as this drop feels, maybe we will see industrial mining start to wane if the price stays low for a few months.
But my instincts tell me that this will barely hurt the strongest manufacturers such as Bitfury, at least in the near-term. They strongest may even continue to take a larger percentage of the network as the weaker competitors dropout and home mining stops completely. And I think that will destroys the future of bitcoin as we know it.
I doubt it, it is too easy for the ASIC manufacturers (that are solvent) with their own hosting capability to pick up the slack of any drop in difficulty. |
Hosting: Low as $60.00 per KW - LinkTransaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
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nwfella
Legendary
Offline
Activity: 1610
Merit: 1000
Well hello there!
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January 14, 2015, 07:57:05 PM |
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If you think these recent price drops aren't seriously negatively impacting the major ASIC manufacturers bottom-lines (yes, even Bitmain) your completely off your rocker imho. If your a large mining farm current price levels are basically a death knell insofar as profitability is concerned. There are going to be quite a few mining operations shutting their gear down in the coming weeks/months I suspect.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1474
LEALANA Bitcoin Grim Reaper
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January 14, 2015, 09:19:23 PM |
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Best thing to do is lay back with a pizza and some beer! When it hits 100$ i'll buy some for the future of my kids Commendable. Investing in the future. Not sure if we will hit $100...and if we do it may not stay there very long as I would buy in also along with a ton of whales waiting to scoop up coins. Bitstamp i'm sure is trying to buy back those 18,000 btc they lost. |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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dlowings (OP)
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January 15, 2015, 04:11:35 PM |
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Funny how they crushed the winter months for BTC … Fall and Winter was suppose to be the most profitable months for home miners… As it turns out, looks like the winter months will be where home miners take the biggest loss …
Funny how whoever is manipulating BTC played that hand ...
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BTC donations welcome:- 1BrersvQubEKt4m2hBXDNvU1B4RiYe6J4i - Feel free to visit wiki.chainminer.com for free hardware listings, and mining info. - IRC on freenode #wiki.chainminer.com
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newIndia
Legendary
Offline
Activity: 2226
Merit: 1052
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January 15, 2015, 04:15:34 PM |
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Best thing to do is lay back with a pizza and some beer! When it hits 100$ i'll buy some for the future of my kids Commendable. Investing in the future. Not sure if we will hit $100...and if we do it may not stay there very long as I would buy in also along with a ton of whales waiting to scoop up coins. Bitstamp i'm sure is trying to buy back those 18,000 btc they lost. Bitstamp is buying back what BFL is selling. |
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