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lophie
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June 09, 2013, 12:54:28 PM |
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Lophie is back again with the weird connections and questions.  Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_ BTC? <Answering myself: Go home lophie you are drunk. Please don't spend your dividends on excessive booze it is bad for your health> |
Will take me a while to climb up again, But where is a will, there is a way...
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bobboooiie
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June 09, 2013, 01:05:41 PM |
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Lophie is back again with the weird connections and questions. Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_ BTC? <Answering myself: Go home lophie you are drunk. Please don't spend your dividends on excessive booze it is bad for your health> Why would they? That would be just stupid, they just need to hope price rebound back and hold onto coins. They just cannot sell them for immediate profit |
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lophie
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June 09, 2013, 01:09:45 PM |
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Lophie is back again with the weird connections and questions. Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_ BTC? <Answering myself: Go home lophie you are drunk. Please don't spend your dividends on excessive booze it is bad for your health> Why would they? That would be just stupid, they just need to hope price rebound back and hold onto coins. They just cannot sell them for immediate profit I rest my case |
Will take me a while to climb up again, But where is a will, there is a way...
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Eric Muyser
Full Member
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Activity: 224
Merit: 100
You can't kill math.
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June 09, 2013, 01:10:18 PM |
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I like how TAT.ASICMINER is pretty much holding up.  |
@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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stripykitteh
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Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
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June 09, 2013, 01:16:22 PM |
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Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here. No, if you are long on btc it's clearly a bargain. No, that's exactly like just buying BTC and not spending them. If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD. I accept your argument that the btc:usd rate doesn't affect return. However, the cost of entry to the product has lowered, making it affordable to more people. I would expect that to drive sales up. Imagine the corollary. If btc:usd went up to $1000, a blade would now cost $49,990 cash price. How many do you think AM will sell per week at those prices? |
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SOSLOVE868
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June 09, 2013, 01:29:10 PM |
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Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here. No, if you are long on btc it's clearly a bargain. No, that's exactly like just buying BTC and not spending them. If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD. I accept your argument that the btc:usd rate doesn't affect return. However, the cost of entry to the product has lowered, making it affordable to more people. I would expect that to drive sales up. Imagine the corollary. If btc:usd went up to $1000, a blade would now cost $49,990 cash price. How many do you think AM will sell per week at those prices? No affect on the demand of BLADE...as long as the return of BLADE maintaining the same level. only things will affect is who buys the BLADE ,and how to buy the BLADE. if a BLADE cost $49990 ,its return remains the same, then its potential buyers will switch to rich one ,or group buy. |
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Lohoris
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June 09, 2013, 01:32:27 PM |
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No, that's exactly like just buying BTC and not spending them.
If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD.
I accept your argument that the btc:usd rate doesn't affect return. However, the cost of entry to the product has lowered, making it affordable to more people. I would expect that to drive sales up. Imagine the corollary. If btc:usd went up to $1000, a blade would now cost $49,990 cash price. How many do you think AM will sell per week at those prices? I see your point, and while it does make sense, I don't think it weights so much. I guess that this kind of "market" would auto-adjust, and if the price of BTC would go up too much, people who wanted to spend less would just either buy a minor product (i.e. USB miner) or buy shares such as PTs or virtual mines. So, yes, sales could be slightly affected by such a thing, but not as much as someone might imagine. |
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Transisto
Donator
Legendary
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Activity: 1731
Merit: 1008
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June 09, 2013, 01:38:09 PM |
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What's the roadmap to increasing the hashrate ?
Current hashrate is now less than 30%, more like 20%.
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velacreations
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June 09, 2013, 02:18:22 PM |
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100 shares on BF for 2.3? Are people crazy? wtf?
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Eric Muyser
Full Member
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Activity: 224
Merit: 100
You can't kill math.
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June 09, 2013, 02:36:07 PM |
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100 shares on BF for 2.3? Are people crazy? wtf?
Look at all the stocks and most have only taken a 10% hit tops, but AM is where most people have their money that they wanna get out so it's taken the largest undeserved hit. |
@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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elefter
Member
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Activity: 67
Merit: 10
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June 09, 2013, 02:37:59 PM |
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100 shares on BF for 2.3? Are people crazy? wtf?
Look at all the stocks and most have only taken a 10% hit tops, but AM is where most people have their money that they wanna get out so it's taken the largest undeserved hit. bought all i could.. price on the rise now again... |
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Eric Muyser
Full Member
Offline
Activity: 224
Merit: 100
You can't kill math.
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June 09, 2013, 02:42:01 PM |
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100 shares on BF for 2.3? Are people crazy? wtf?
Look at all the stocks and most have only taken a 10% hit tops, but AM is where most people have their money that they wanna get out so it's taken the largest undeserved hit. bought all i could.. price on the rise now again... Me too but if we test $85 then expect to drool at a 2btc AM share. |
@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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bobboooiie
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June 09, 2013, 02:42:23 PM |
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Well people probably had too much invested into BTC and AM so ther are panic selling parts of their holdings as BTC was falling rapidly today
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elefter
Member
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Activity: 67
Merit: 10
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June 09, 2013, 02:48:50 PM |
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Well people probably had too much invested into BTC and AM so ther are panic selling parts of their holdings as BTC was falling rapidly today
Yes that why i dont put any more than i can loose in these things ..Seen enough of these panic sales not to panic anymore... |
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joele
Legendary
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Activity: 1022
Merit: 1000
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June 09, 2013, 02:57:47 PM |
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Dropped of bitcoin price, AM paying the maintenance bills in fiat money, so it need more bitcoins, therefore less dividend next week, went panic to some investors.
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Eric Muyser
Full Member
Offline
Activity: 224
Merit: 100
You can't kill math.
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June 09, 2013, 03:00:05 PM |
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Dropped of bitcoin price, AM paying the maintenance bills in fiat money, so it need more bitcoins, therefore less dividend next week. went panic to some investors.
Nice site btw: How
Buy at least 1 Bitcoin @ $94.602 USD rate at BTC-E.com
Withdraw 1 BTC from BTC-E.com and transfer to MtGox.com address, with 0.01 BTC fee
Once transferred, sell 0.99 BTC @ $92.99999 USD rate from MtGox.com
Withdraw $92.070 to MTGox USD Coupon
Transfer MtGox Coupon to BTC-e.com via BitInstant.com with 1% fee
Earn a profit of $-3.453 lol |
@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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joele
Legendary
Offline
Activity: 1022
Merit: 1000
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June 09, 2013, 03:10:11 PM |
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Dropped of bitcoin price, AM paying the maintenance bills in fiat money, so it need more bitcoins, therefore less dividend next week. went panic to some investors.
Nice site btw: How
Buy at least 1 Bitcoin @ $94.602 USD rate at BTC-E.com
Withdraw 1 BTC from BTC-E.com and transfer to MtGox.com address, with 0.01 BTC fee
Once transferred, sell 0.99 BTC @ $92.99999 USD rate from MtGox.com
Withdraw $92.070 to MTGox USD Coupon
Transfer MtGox Coupon to BTC-e.com via BitInstant.com with 1% fee
Earn a profit of $-3.453 lol lol, never updated yet, I will remove that section, it was old codes when mtgox was always higher to btc-e, it will be replaced next week with btc/ltc arbitrage prices |
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boyohi
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June 09, 2013, 03:42:32 PM |
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Dropped of bitcoin price, AM paying the maintenance bills in fiat money, so it need more bitcoins, therefore less dividend next week. went panic to some investors.
Nice site btw: How
Buy at least 1 Bitcoin @ $94.602 USD rate at BTC-E.com
Withdraw 1 BTC from BTC-E.com and transfer to MtGox.com address, with 0.01 BTC fee
Once transferred, sell 0.99 BTC @ $92.99999 USD rate from MtGox.com
Withdraw $92.070 to MTGox USD Coupon
Transfer MtGox Coupon to BTC-e.com via BitInstant.com with 1% fee
Earn a profit of $-3.453 lol Perfect! |
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tkone
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June 09, 2013, 04:00:24 PM |
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cheap asicminer shares for a cheap usd/btc rate?
CANT GO WRONG!!!!!
new round of millionaires incoming???!!!
lets do it!
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runeks
Legendary
Offline
Activity: 980
Merit: 1008
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June 09, 2013, 04:12:22 PM |
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Lophie is back again with the weird connections and questions. Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_ BTC? <Answering myself: Go home lophie you are drunk. Please don't spend your dividends on excessive booze it is bad for your health> Why would they? That would be just stupid, they just need to hope price rebound back and hold onto coins. They just cannot sell them for immediate profit Stupid would be mining at a loss and hoping for a increase in the exchange rate. Sensible would be to stop mining at a loss, and buy BTC for USD instead, if you think the price is going to rise. |
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