we're mining 5000-7000 coins a day
by the way the quoted mining number was from earlier days when the difficulty was in the 60-80G range. I think it has tripled since.
A lot more actors are in the cloud mining game now it seems.
There is no big buy wall support here..Price will down to 130K I think...
Are kidding me?
Quote
0.00160000 24201.54008983 38.72246414
How big do you want?
That wall could be eaten any time. Yesterday 43 BTC buy wall at 0.002+ was destroyed in a single sale and i guess the dumper is probably Christian. His team is mining roughly 50% of newly minted BBR each day with his private GPU mining script. If he is happy to dump at 0.002, there is a chance he will continue to dump at 0.0016. He will keep doing so as long as he still make profit.
Not us. We're seldom holding more than 10000 BBR at a time. Also we're not interested in crashing the price (should be obvious).
Also note the majority of our BBR mining is actually CPU. The GPUs on EC2 aren't actually all that powerful.
The biggest sell order I've seen thus far was for 47000 BBR, but it wasn't executed while I watched. But it shows how many coins some people have amassed in their wallets. Probably whales with lots of BTC who bought in early and cheaply. I suspect one of these whales cashed out part of their holdings, destroying that buy wall yesterday. We were amazed like everyone else.
Christian
My question would be, what are you doing with all the coins?? Not that it's any of my business, but the trading volume seems to suggest you are holding them.
A combination of trickle sale and putting them for sale above the current market price.
I don't think we've ever held more than 10000 BBR at once.
Christian