Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Supply reduced by 10400 BTCitcoins since halving!
Just that thought makes the growing pains of miners grow!
I was actually thinking of convincing everyone from a 100 kilometer radius to use their personal computer to start mining and make miners life harder!
Imagine if we could just educate 1 million people with strong personal computers to mine and decrease the supply the big miners receive! That would create an interesting shortage and price spike!
Just that thought makes the growing pains of miners grow!
I was actually thinking of convincing everyone from a 100 kilometer radius to use their personal computer to start mining and make miners life harder!
Imagine if we could just educate 1 million people with strong personal computers to mine and decrease the supply the big miners receive! That would create an interesting shortage and price spike!
With ASICs I don't think it would matter if you convince a whole country to mine with computers, because they would get just a small hashpower and would mine nothing in practice
It is not about the gain! But for many... just like me I keep the computer On and running for 80-90% of the time all month! And even if I get 0.0005 per day or even per week! It would still be worth it.
And having 1 million people doing the same thing ... That would mean 182500 coins per year! ... Who cares? It is just electricity! We pay it anyway! Spiting the mining supply is a good reason enough!
Current mining rewards from 400 MegaHash GPU
per Month 0.00001565 BTC $0.01
Also, your pc being on is very different from your pc being under load. You will spend $50 to make $0.01.
So ... a 14 TeraHash mining thingy costs 2000$ ... that will make 0.00182583BTC per day based on your number! And 0.66642795BTC per year... But considering the difficulty increase... 0.4BTC would be more appropriate! ... But...
But I am not talking about short term profitability... I'm talking about throwing money on the window for a future possibility!
...Meaning that with those 2000$ it would probably be more advantageous to just buy 3x 666$ coins... Now!
And I knew someone would bite! I lured you in guud!
... Meaning if we convince a few million people to buy coins... Especially if sometime in spring it will be somewhere between 10.000$ and 50.000$ per coin... that 14TH gizmo will be better then, than now... And it will force the price to go to 100k$ faster.... and probably by the year 2021 - 2022 ... for each 1xBTCitcoin will be worth somewhere near 2-3$ millions per coin?Sorry if I was misleading ... I do not advice anyone in buying useless mining equipment! I was just proving a point! For people to understand the situation with a much broader perspective! The solution is just buy and hold to create a shortage! It would be a better solution for the pumping of the price! Also if people could create a small business or if they already have a small or big business... they should accept bitcoin to homogenize and secure the future!