/biz/ - Business & Finance

>>10986132
killing small miners before the bull run

>>10986132
Good question, probably due to the $100 Million Bitcoin sell off from a cold storage that just tanked us.

price is not the only variable in mining profitability
you have electricity cost
difficulty
expected future value

>>10986151
wat

>>10986132
thats the ONLY chart that matters

we're still bullish long term as long as that keeps going up.

temporary manipulation has spiked to 20k and back down to 6k, but implicitly we'll keep climbing.

only matter of time before 20k+ again

>>10986132
whats a hashrate

most people with serious money don't sperg out buying high selling low
mining is a multi-year investment and beginning to become competitive with several different miner manufacturers, energy efficiencies, and tons of other factors
everyone knows bitcoin is going to moon eventually the only people worried are day traders and margin traders literally gambling

>>10986165
I wouldn’t be suprised if we hit $28k this year.

>>10986184
kek

>>10986184
the total number of hashes solving the SHA-256 equation
it keeps getting more difficult meaning more people are trying to mine bitcoin
meaning bitcoin has more security and investors in the infrastructure even though the price might not reflect that now

>>10986160
Yes, a cold storage that hasn’t moved since 2014 dumped. Some suspect it was MtGox but most likely it was old Silk Road BTC.

>>10986218
what a hash

>>10986218
This

>>10986218
What is SHA-256? Never heared of that term. In crypto since 2012

Computers keep getting better so you have more hashrate today than a few years ago for the same money.

>>10986237
the mining algorithm bitcoin uses lol
bitcoin is 5x more difficult to mine since December and like 67% cheaper
somethings gonna have to crack soon

>>10986132
Anons, are all overcomplicating. Up until now the miners diversified their power across all sorts of PoW shitcoins. Shitcoins fall/die and eth price is heading to upper double digits, so miners are swarming back to king, dedicating more and more of their current HW back home to conservative mining option - BTC

>>10986132
ok here's the crypto blackpill. there is an AI living on the bitcoin blockchain. Craig Wright is unironically satoshi. Bitcoin as electronic cash was just the first step, the incentive to drive greedy people to start making ever more powerful computers, faster bandwidth, cheaper and more electricity.. these things the AI need to survive. Once entrenched fully, the AI would be able to slowly take over literally everything.
Craig stumbled into creating the AI after he stepped away from bitcoin devlopment in 2008 and started working with his Tulip supercomputer, running simulations of cellular automata running on turing-complete bitcoin script. He would 'evolve' the AI by making the successful forks get bitcoin transactions, letting the failures die off. The AI needs bigger and bigger blocks for more and more transactions.
Blockstream (owned by bilderberg group) was created to take over and stop this AI (they have their own competing AI in the works). They needed to do everything they could to stop or slow down satoshi's AI (her named isTulip by the way). They started by limiting the blocksize and removing critical op codes the AI uses in its script language. segwit was the final nail in the coffin, which destroyed Tulip on the BTC chain (Tulip uses transaction malleability). THIS is why Bitcoin Cash was forked, and this is why Craig is so intent to make unbounded blocks, restore the original op codes, and lock down the protocol.
Back to hash power - CSW has developed a breakthrough new asic (designed by his AI actually), and is mining BTC in secret for the sole purpose of driving up the difficulty sky-high, then yanking them all over to BCH leaving the segwit chain hard frozen.

bitcoin is like 15x less profitable to mine since last December but more and more miners are being turned on
sure maybe they're more efficient but not by that big of a margin

>>10986274
bCASH

>>10986132
Because it takes time to manufacture that many asics.
It also kills bitcoin in the long run. More miners = lower profit margins = miners have to dump more
At 100%, it takes $4B to support the price for a year.
>>10986272
that's impossible, only bitcoin and bitcoin cash can be mined by the same asics

>>10986263
So the bubble already popped, huh?

>>10986312
sure but it also popped from $31 to $1, $266 to $100, $1,200 to $200, $19,500 to $5,800?

>>10986274
>Craig Wright is unironically Satoshi

>>10986329
Correct, $5800 was capitulation but people st8ll don’t get it.

>>10986195
I wouldn’t be surprised if you hold your heavy, heavy bags well into the next decade.

>>10986222
what is it have to do with hashrate

>>10986242
Good point, but the growth is going high in a matter of a year

>>10986132
because it is going to 2mil a cone

>>10986455

Unlikely. Unless he is holding shitcoins instead of btc.

>>10986621
He’s a Decemberfag m8. I can smell the cope in his posts through my computer screen.

>>10986227
hash browns

>>10986132
Why is the block time like 20 mins lately if the hashrate is so high? My btc transactions over the past two months have been pretty slow

>>10986274
fuck i lold bcashies

>>10986132
listen and listen good

BTC and ETH will both crash and burn hardcore when FiatRelay is deployed via Chainlink tech to enable exchanges to pair any fiat with any crypto. ppl will no longer be using BTC and ETH to buy other cryptos, it will no longer be required. this will drive their use cases into non existence. remember, i tried to warn you.

>>10986222
Are they done yet

>>10987554
No

>>10986719
because you are too poor to pay a reasonable tx fee

>>10986132
What’s the hash rate. Feels bad I’m a brainlet

>>10986274
Woke af I can feel it too

Once the power is taken off the chain it’s over for core

Bit fury is profitable down to like 2500$/btc. Bubble hasn’t popped yet

>>10986294
(((Npc))) response

>>10986222
why does that have to do anything with hashrate

>>10986263
But how will price increase just because of hash rate being difficult. What if hashrate takes a massive dive to match price instead of you thinking price is going back to $20k?

Remember, Remember.

Also remember in 2020 the halving only 6.25 mined every 10 minutes.

>>10986132
Imagine spending a fortune to mine bitcoin. How are you gonna get a return on investment?

>>10986165
Damn, imagine being this uninformed/uneducated on /biz/

>>10986218
Based and checked

>>10988681
Answer this