Board index » The IRISH PROPERTY BUBBLE » The Central Bank

Post new topic Reply to topic  [ 1995 posts ]  [Go to page]   Previous  1 ... 194, 195, 196, 197, 198, 199, 200  Next
Author Message
 Post subject: Re: Bitcoin
PostPosted: Sat Nov 10, 2018 2:05 am 
Offline
Real Estate Developer

Joined: Jun 13, 2008
Posts: 826
Depends on electricity cost and value of the coin.


Top
 Profile  
 
 Post subject: Re: Bitcoin
PostPosted: Wed Nov 21, 2018 2:17 pm 
Offline
Too Big to Fail
User avatar

Joined: May 6, 2008
Posts: 4875
Location: the nearest faraway place
Bitcoin dropped around 30% in value in the last week, any ideas what happened?

_________________
Every single frozen corpse in the Death Zone on Everest was once a highly motivated person.

Those who don't study history are doomed to repeat it. Those who do study history are doomed to watch everyone else repeating it.


Top
 Profile  
 
 Post subject: Re: Bitcoin
PostPosted: Thu Nov 22, 2018 11:05 am 
Offline
Under CAB Investigation

Joined: Feb 27, 2007
Posts: 1869
catbear wrote:
Bitcoin dropped around 30% in value in the last week, any ideas what happened?


There's a 3 way fork being argued over in Bitcoin Cash. That's one reason I hear touted.


Top
 Profile  
 
 Post subject: Re: Bitcoin
PostPosted: Thu Nov 22, 2018 12:19 pm 
Offline
Real Estate Developer

Joined: Jun 13, 2008
Posts: 826
Probably the bitcoin cash hard fork spooked a lot of folks .There are two major groups duking it out . Not directly related to bitcoin but they may be spending bitcoin to fund their hashwar.

It was unusually stable for a few months prior.


Top
 Profile  
 
 Post subject: Re: Bitcoin
PostPosted: Sat Nov 24, 2018 11:58 pm 
Offline
Planning Tribunal Attendee

Joined: Nov 8, 2006
Posts: 1315
Touching $3800 now


Top
 Profile  
 
 Post subject: Re: Bitcoin
PostPosted: Sun Nov 25, 2018 12:05 am 
Offline
Too Big to Fail

Joined: Aug 23, 2008
Posts: 3775
Location: Bogtrotterland!
Are they in negative equity (energy cost to "mint") yet?

_________________
Our whole economy is based on planned obsolescence, and anyone who can read without moving his lips should know it by now: Brooks Stevens.
Planned obsolescence, one of the largest contributors to the man made element of climate change, but the one least discussed: dolanbaker
"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild


Top
 Profile  
 
 Post subject: Re: Bitcoin
PostPosted: Sun Nov 25, 2018 12:18 am 
Offline
Planning Tribunal Attendee

Joined: Nov 8, 2006
Posts: 1315
dolanbaker wrote:
Are they in negative equity (energy cost to "mint") yet?


Saw something about $4k being the threshold for it being profitable to mine, be interesting to know if that is a reliable figure.


Top
 Profile  
 
 Post subject: Re: Bitcoin
PostPosted: Mon Nov 26, 2018 11:20 am 
Offline
Nationalised

Joined: Oct 29, 2007
Posts: 11800
Location: Multiverse
beattie wrote:
dolanbaker wrote:
Are they in negative equity (energy cost to "mint") yet?


Saw something about $4k being the threshold for it being profitable to mine, be interesting to know if that is a reliable figure.


Assuming the miners can no longer operate, what are the implications ?


Top
 Profile  
 
 Post subject: Re: Bitcoin
PostPosted: Mon Nov 26, 2018 11:40 am 
Offline
Property Magnate

Joined: Nov 8, 2006
Posts: 519
mr_anderson wrote:
beattie wrote:
dolanbaker wrote:
Are they in negative equity (energy cost to "mint") yet?


Saw something about $4k being the threshold for it being profitable to mine, be interesting to know if that is a reliable figure.


Assuming the miners can no longer operate, what are the implications ?


I think the "target" value will not go up as quickly if hashing power in the network decreases, so as to maintain the ten minute block mining rate.


Top
 Profile  
 
 Post subject: Re: Bitcoin
PostPosted: Mon Nov 26, 2018 11:45 am 
Offline
Under CAB Investigation

Joined: Feb 4, 2011
Posts: 1516
Location: A rock drifting aimlessly in the north atlantic
https://www.ccn.com/bitcoin-wont-last-b ... d-snowden/

Quote:
That belief is how cryptocurrencies move enormous amounts of money across the world electronically, without the involvement of banks, every single day. One day capital-B Bitcoin will be gone, but as long as there are people out there who want to be able to move money without banks, cryptocurrencies are likely to be valued.

_________________
"Don't let it end like this. Tell them I said something...."
Last words of Pancho Villa


Top
 Profile  
 



Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1995 posts ]  [Go to page]   Previous  1 ... 194, 195, 196, 197, 198, 199, 200  Next

    Board index » The IRISH PROPERTY BUBBLE » The Central Bank

Who is online

Users browsing this forum: No registered users and 4 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Follow, Retweet @dailypinster



Pyramid Built, Is Better Built! - Latest Property Discussions www.thepropertypin.com