Bitcoins are currently $106.7744 each.
- Thread starter Odio
- Start date
Denver
Veteran XX
So hit 140$ just now.
also don't mine BTC, mine LTC they have now 10 times more "perceived value" than they did a week ago, and their ratio to USD is sky rocketing (also blockchain is much newer, so miners are reporting huge profits of even 1k/day)
LTC at 4.5$ now.
EDIT: by new blockchain, I mean the difficulty is much lower than in BTC mining.
also don't mine BTC, mine LTC they have now 10 times more "perceived value" than they did a week ago, and their ratio to USD is sky rocketing (also blockchain is much newer, so miners are reporting huge profits of even 1k/day)
LTC at 4.5$ now.
EDIT: by new blockchain, I mean the difficulty is much lower than in BTC mining.
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ASIC miners are so unprofitable there's an 8 month wait to get one.. right..
TP's Bitcoin Calculator
Plug in 30,000 MH/s (that's the $650 ASIC miner.)
See what happens.
Code:
Earnings ฿ $
Hourly 0.093886 10.902953
Daily 2.253258 261.670879
Weekly 15.772808 1831.696151
Monthly 67.597747 7850.126364
Annual 822.439256 95509.870757
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holy shit.
I think the ceiling is way higher than anyone thought. I think everyone had a mental block about $100+, but once it hit it, it's gone.
Denver
Veteran XX
Need to see a little larger picture here, when they blockchain is mined dry there will be 21 million BTC. For 21 million of anything to have any influence on the economy one units value must be pretty high. at 100$ a piece the impact of BTCs to economy is not very large (total value of all bitcoins being 2.1 billion. which bill gates himself could buy out without even breaking his bank).
To really be a political and economical factor in shaping our future the value needs to be 100 or even 1000 times bigger. If worlds economy is taking a huge dump like it seems to be (especially here in europe) and people get tired of bailing out private banks, I don't see any reason why bitcoins would hit 1k before the end of the year (like you predicted) and in next 5 years 10k .
Of course US government could fuck this up in quite many ways as would big private banks. Don't really care either way, I've made enough money of this to plan a 2-months scuba diving & climbing vacation on Asia.
how do i sell this shit short...
its crashing. at 129 atm.
$30 up from a yesterday is "crashing"
lemme know when it gets to $50 i might buy a few
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yes because computer processor power has reached its peak now..
There was a fork in the chain caused by one version of the software accepting a mined block that wasn't compatible with another version that many people were running, so one continued on what it considered a valid blockchain and the other version had a different blockchain. It was caught almost immediately, notifications went out to miners and vendors on what to do to correct the blockchain and to not accept transactions until it was resolved. There was a 3-5 hour window where the price dropped about 15-20% as people paniced and it had fully recovered within 12 hours. Most of North America slept through it.
Miners who received bitcoins on what became the "orphaned" blockchain were compensated by the BTC developers from a fund they had set aside for something(I'm not sure what it was originally intended for). There was one public occurance of a double spend which was resolved shortly thereafter.
Everyone has a video card, not everyone is going to spend $1000 on an ASIC for mining BTC that's not good for anything else. The few that do will make their money back early.
until they hear shit like "you can make back your $ in 3 days" lol