Ok.
Who sold 100 000 bsy coins at 2 satoshi each? That's around 1.20 USD
Crazy!, now folks who will want to buy this coin will think any price more than that is too expensive.
100 000 banksy takes ages to mine and the amount of power etc you use, and the amount of coins in a block would mean that selling them at 2 satoshi is just crazy.
Why do people try and sell at lower and lower prices...??
People were buying at a certain price, but then people set up sells that are almost half that. Crazy!
Think about how much energy you use up to mine, the amount of coins in a block.. When you see them for such little amounts, you are not gonna get the money back for the energy you are paying for, mining it in the first place and you are just letting whales with lots of money, just hoover them up for basically, nothing.
Take me for example, it tells me in the pool that I will get around 450 bsy coins a day at my current hashrate, which is 715 Kh/s. So if people are just selling them at 2 satoshi each, I might as well just mine a coin that gets 1000s of coins in a block as might have more chance of getting a profit, what is the point?
Just have to look on the bright side and look forward to the coins I might be getting in the give-away.
Sorry, just having a rant! lol
Who sold 100 000 bsy coins at 2 satoshi each? That's around 1.20 USD
Crazy!, now folks who will want to buy this coin will think any price more than that is too expensive.
100 000 banksy takes ages to mine and the amount of power etc you use, and the amount of coins in a block would mean that selling them at 2 satoshi is just crazy.
Why do people try and sell at lower and lower prices...??
People were buying at a certain price, but then people set up sells that are almost half that. Crazy!
Think about how much energy you use up to mine, the amount of coins in a block.. When you see them for such little amounts, you are not gonna get the money back for the energy you are paying for, mining it in the first place and you are just letting whales with lots of money, just hoover them up for basically, nothing.
Take me for example, it tells me in the pool that I will get around 450 bsy coins a day at my current hashrate, which is 715 Kh/s. So if people are just selling them at 2 satoshi each, I might as well just mine a coin that gets 1000s of coins in a block as might have more chance of getting a profit, what is the point?
Just have to look on the bright side and look forward to the coins I might be getting in the give-away.
Sorry, just having a rant! lol