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    Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 705093 times)

    • Mrpumperitis
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    May 27, 2018, 01:05:46 AM
     #15181
    ^ Hi E  Smiley
    Whats your thoughts on this?


    also another sad day from blockstreamcore rep Mow....
    https://twitter.com/Excellion/status/998762417470373888
    Collecting some gems for @SEC_Enforcement @SEC_News to take a closer look at @CNBCFastMoney @CNBC pumping and dumping altcoins on their viewers. Enough is enough. If you have more tweets, post below and I’ll add them to the Moment. ⚖️


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  • Mrpumperitis
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    May 27, 2018, 01:11:47 AM
     #15182
    Quote from: tomkat on May 26, 2018, 07:56:25 AM
    Quote from: Mrpumperitis on May 25, 2018, 06:02:36 PM
    Quote from: tomkat on May 25, 2018, 09:28:11 AM
    Quote from: Mrpumperitis on May 25, 2018, 08:30:03 AM
    https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
    Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
    “Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



    I said a few month back around $2k to mine 1 og btc...
    Probably going to go lower than that ( $800-$1400 possible )


    The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
    To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
    The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
    S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


    True for the average consumer(miner)your prices are probably accurate.
    However for industrial scale miners, its not, its alot cheaper.
    They buy asics in bulk and get cheaper elec, leading to huge savings.

    Also the producers of asics are always  ahead.
    While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


    Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
    Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
    We probably both right depending on the miner.
    I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
    Lets say $2700 is an average price ...that price will 100% happen for og btc and
    then more panic dumping can take its price lower than $2k, imo  

    I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley
    Bitcoin - Blockchain 1.0 (2009)
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  • tomkat
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    May 27, 2018, 12:48:28 PM
     #15183
    Quote from: Mrpumperitis on May 27, 2018, 01:11:47 AM
    Quote from: tomkat on May 26, 2018, 07:56:25 AM
    Quote from: Mrpumperitis on May 25, 2018, 06:02:36 PM
    Quote from: tomkat on May 25, 2018, 09:28:11 AM
    Quote from: Mrpumperitis on May 25, 2018, 08:30:03 AM
    https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
    Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
    “Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



    I said a few month back around $2k to mine 1 og btc...
    Probably going to go lower than that ( $800-$1400 possible )


    The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
    To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
    The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
    S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


    True for the average consumer(miner)your prices are probably accurate.
    However for industrial scale miners, its not, its alot cheaper.
    They buy asics in bulk and get cheaper elec, leading to huge savings.

    Also the producers of asics are always  ahead.
    While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


    Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
    Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
    We probably both right depending on the miner.
    I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
    Lets say $2700 is an average price ...that price will 100% happen for og btc and
    then more panic dumping can take its price lower than $2k, imo  

    I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

    Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided

  • sirsplashalot
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    May 27, 2018, 04:02:13 PM
     #15184
    Perhaps Bitcoin and other proof-of-work algorithms were created not only for global monetary decentralisation but also to encourage the use of alternative energy in financial production  Cool
    Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.

  • lsd400
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    May 27, 2018, 04:54:51 PM
     #15185
    As time goes on mining hardware effectiveness increase and energy consumption will decrease. And more hardware companies will enter mining industry which is good for consumers. More countries will offer discounts which should encourage big mining companies to start businesses in those countries.

  • gembitz
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    May 27, 2018, 06:23:00 PM
     #15186
    Quote from: tomkat on May 27, 2018, 12:48:28 PM
    Quote from: Mrpumperitis on May 27, 2018, 01:11:47 AM
    Quote from: tomkat on May 26, 2018, 07:56:25 AM
    Quote from: Mrpumperitis on May 25, 2018, 06:02:36 PM
    Quote from: tomkat on May 25, 2018, 09:28:11 AM
    Quote from: Mrpumperitis on May 25, 2018, 08:30:03 AM
    https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
    Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
    “Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



    I said a few month back around $2k to mine 1 og btc...
    Probably going to go lower than that ( $800-$1400 possible )


    The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
    To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
    The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
    S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


    True for the average consumer(miner)your prices are probably accurate.
    However for industrial scale miners, its not, its alot cheaper.
    They buy asics in bulk and get cheaper elec, leading to huge savings.

    Also the producers of asics are always  ahead.
    While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


    Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
    Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
    We probably both right depending on the miner.
    I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
    Lets say $2700 is an average price ...that price will 100% happen for og btc and
    then more panic dumping can take its price lower than $2k, imo  

    I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

    Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided


    BTI vs. BCH flippening occuring ~ more miners switching to Instantcoin Wink weeee

    ====>

    http://abe.getbitcoininstant.org:2750/chain/Instant

    https://freiexchange.com/market/BTI/BTC
    ©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!

  • sirsplashalot
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    May 27, 2018, 06:47:57 PM
    Merited by jbreher (1), Mrpumperitis (1)
     #15187
    Quote from: gembitz on May 27, 2018, 06:23:00 PM
    Quote from: tomkat on May 27, 2018, 12:48:28 PM
    Quote from: Mrpumperitis on May 27, 2018, 01:11:47 AM
    Quote from: tomkat on May 26, 2018, 07:56:25 AM
    Quote from: Mrpumperitis on May 25, 2018, 06:02:36 PM
    Quote from: tomkat on May 25, 2018, 09:28:11 AM
    Quote from: Mrpumperitis on May 25, 2018, 08:30:03 AM
    https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
    Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
    “Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



    I said a few month back around $2k to mine 1 og btc...
    Probably going to go lower than that ( $800-$1400 possible )


    The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
    To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
    The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
    S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


    True for the average consumer(miner)your prices are probably accurate.
    However for industrial scale miners, its not, its alot cheaper.
    They buy asics in bulk and get cheaper elec, leading to huge savings.

    Also the producers of asics are always  ahead.
    While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


    Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
    Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
    We probably both right depending on the miner.
    I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
    Lets say $2700 is an average price ...that price will 100% happen for og btc and
    then more panic dumping can take its price lower than $2k, imo  

    I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

    Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided


    BTI vs. BCH flippening occuring ~ more miners switching to Instantcoin Wink weeee

    ====>

    http://abe.getbitcoininstant.org:2750/chain/Instant

    https://freiexchange.com/market/BTI/BTC


    I think the 0.08 BTC daily volume says otherwise. Ive seen more volume at a lemonade stand.
    Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.

  • hv_
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    May 27, 2018, 07:21:12 PM
     #15188
    Free stuff here


    https://www.bitcoinmarketinsider.com/free-bitcoin-cash-point-of-sale-platform/


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  • Mrpumperitis
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    May 27, 2018, 08:37:57 PM
     #15189
    Quote from: tomkat on May 27, 2018, 12:48:28 PM
    Quote from: Mrpumperitis on May 27, 2018, 01:11:47 AM
    Quote from: tomkat on May 26, 2018, 07:56:25 AM
    Quote from: Mrpumperitis on May 25, 2018, 06:02:36 PM
    Quote from: tomkat on May 25, 2018, 09:28:11 AM
    Quote from: Mrpumperitis on May 25, 2018, 08:30:03 AM
    https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
    Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
    “Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



    I said a few month back around $2k to mine 1 og btc...
    Probably going to go lower than that ( $800-$1400 possible )


    The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
    To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
    The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
    S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


    True for the average consumer(miner)your prices are probably accurate.
    However for industrial scale miners, its not, its alot cheaper.
    They buy asics in bulk and get cheaper elec, leading to huge savings.

    Also the producers of asics are always  ahead.
    While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


    Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
    Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
    We probably both right depending on the miner.
    I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
    Lets say $2700 is an average price ...that price will 100% happen for og btc and
    then more panic dumping can take its price lower than $2k, imo  

    I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

    Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided

    I know its from crazy John lols but  here is a recent comment(dec2017) from him regarding cost to mine a btc..
    John McAfee
    ‏@officialmcafee
    Replying to @MusicalKasparov
    The coin itself us a product costing $2,000 to make.   https://twitter.com/officialmcafee/status/938953574729637889?lang=en
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  • Mrpumperitis
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    May 27, 2018, 08:45:32 PM
     #15190
    Watched a recent Max keiser episode ...
    He and Stacy both were so keen to point out censorship resistant social media ...
    Max says he knows two twitter competitors on bitcoin..(memo,blockpress)...
    but both failed to mention the censorship on og btc  Cheesy and the censorship resistant social media platforms are on Bitcoin(BCH)

    Please max,stacy , you maybe trying to avoid taking sides, but you are confusing newbies..
    dont mislead your viewers into buying Bitcoin(btc) thinking that they can use these new censorship resistant platforms,
    when you clearly know they are for BCH..   Smiley

    https://www.youtube.com/watch?v=bKsPhtSjcuU - talks around 5min in.



    Its all in the ticker...
    2 Bitcoins..
    BTC - old limited tech, no dapps
    BCH - new evolving tech , lots of dapps

    Simple  Smiley
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  • operabit
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    May 27, 2018, 08:59:01 PM
     #15191
    So whether bitcoin cash will get worse after seeing the bitcoin charts are getting degenerate, let alone the weekly chart will be formed soon and it is not easy. Smiley

  • gembitz
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    May 27, 2018, 10:23:32 PM
     #15192
    Quote from: sirsplashalot on May 27, 2018, 06:47:57 PM
    Quote from: gembitz on May 27, 2018, 06:23:00 PM
    Quote from: tomkat on May 27, 2018, 12:48:28 PM
    Quote from: Mrpumperitis on May 27, 2018, 01:11:47 AM
    Quote from: tomkat on May 26, 2018, 07:56:25 AM
    Quote from: Mrpumperitis on May 25, 2018, 06:02:36 PM
    Quote from: tomkat on May 25, 2018, 09:28:11 AM
    Quote from: Mrpumperitis on May 25, 2018, 08:30:03 AM
    https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
    Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
    “Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



    I said a few month back around $2k to mine 1 og btc...
    Probably going to go lower than that ( $800-$1400 possible )


    The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
    To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
    The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
    S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


    True for the average consumer(miner)your prices are probably accurate.
    However for industrial scale miners, its not, its alot cheaper.
    They buy asics in bulk and get cheaper elec, leading to huge savings.

    Also the producers of asics are always  ahead.
    While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


    Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
    Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
    We probably both right depending on the miner.
    I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
    Lets say $2700 is an average price ...that price will 100% happen for og btc and
    then more panic dumping can take its price lower than $2k, imo  

    I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

    Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided


    BTI vs. BCH flippening occuring ~ more miners switching to Instantcoin Wink weeee

    ====>

    http://abe.getbitcoininstant.org:2750/chain/Instant

    https://freiexchange.com/market/BTI/BTC


    I think the 0.08 BTC daily volume says otherwise. Ive seen more volume at a lemonade stand.

    watch as BTI goes higher while fake satoshi and roger ver circle jerk BCH to zer00000000 Wink weeee
    ©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!

  • hv_
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    May 28, 2018, 08:31:27 AM
     #15193
    MoneyButton impl in Telescope wallet

    https://youtu.be/GFrWktc5p1g
    Carpe diem  -  understand the White Paper and mine honest.
    Fix real world issues: Check out b-vote.com
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    May 28, 2018, 05:05:22 PM
     #15194
    EOS will be used by anyone/everyone in the world, on top of BCH.  People will create their own business/tokens in EOS, being backed in BCH as the global backed currency.  This “race” to be the dominant crypto was never real.  It was always Bitcoin (Cash) and now with the final piece being EOS.

  • Bitbobb
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    May 28, 2018, 09:29:08 PM
     #15195
    I am very glad that the people prone to hate have blinders on to this coin.  This helps this community stay free from such evil & anti-social types.

    Also I am glad those prone to nude emperor worship are blind to this coin.  That keeps us from having lemmings on the ground floor.

    And lastly, I am glad that only those who seek and know the truth as relates to BTC vs BCH will see this coin for what it truly is.  This means our foundation is laid by those who possess a clear mastery of the material they are working with. 


                                                                                              I am truly honored to be among this class of individual,

                                                                                                     Best


    P.s.  to BitCoin Cash




       
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  • tekmobile
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    May 28, 2018, 09:56:13 PM
    Merited by mindrust (5)
     #15196
    It's rather dead in here now

    How's your fork coming along



    may pop back in another week or 2 and check in

  • Bitbobb
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    Less hops. More wins.


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    May 28, 2018, 10:13:45 PM
     #15197
    Quote from: tekmobile on May 28, 2018, 09:56:13 PM
    It's rather dead in here now

    How's your fork coming along

    may pop back in another week or 2 and check in



     the best measurement is trolls posting stuff.  So by your own posting of non-sense you are proving the threat BCH poses to your altcoins.  LOL
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  • yidudian10
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    May 29, 2018, 04:15:56 AM
     #15198
    We're focused on EVERYTHING after the hard fork. We'll be able to run smart contracts and have our own tokens. Bitcoin Cash will absorb all of the best features of the other coins, something bitcoin core has been too scared to do

  • gembitz
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    May 29, 2018, 05:01:12 AM
     #15199
    Quote from: yidudian10 on May 29, 2018, 04:15:56 AM
    We're focused on EVERYTHING after the hard fork. We'll be able to run smart contracts and have our own tokens. Bitcoin Cash will absorb all of the best features of the other coins, something bitcoin core has been too scared to do

    kill all tokens ~ smart contracts are stupid===> BitcoinInstant(BTI) is the only real legit bitcoin fork(*born in 2014*) Wink weeeeee
    ©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!

  • Bitbobb
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    May 29, 2018, 06:41:35 AM
    Last edit: May 29, 2018, 07:00:55 AM by Bitbobb
     #15200
    Quote from: saheng on May 28, 2018, 05:05:22 PM
    EOS will be used by anyone/everyone in the world, on top of BCH.  People will create their own business/tokens in EOS, being backed in BCH as the global backed currency.  This “race” to be the dominant crypto was never real.  It was always Bitcoin (Cash) and now with the final piece being EOS.

    https://medium.com/eostribe/eos-bp-security-statement-e8cbf0df72db
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