IS THE PEOPLES CURRENCY REVOLUTION AT HAND? (IT COULD BE) WILL EARLY ADOPTERS REAP UNTOLD RICHES? (MANY ALREADY HAVE) OR WILL FRAUD - AND THE POWERS THAT BE - (YEP, CERTAINLY THE ENEMIES) CRASH CRYPTOCURRENCIES TO ZERO? (IT COULD JUST HAPPEN)

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Showing posts with label bitcoin value. Show all posts
Showing posts with label bitcoin value. Show all posts

Monday, April 11, 2016

ETHEREUM CRASHES....ALL ALTS CRASH IN Bloody Sunday Of Red

It was a bloodbath as the Crypto traders got a taste of what inviting the BIG money does when playing the Crypto Currency game of the wild wild west. All that said, here's some of the news lately... 
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Has support been found for a new uptrend?

Each can be dependent on the other as you know

other coins too.... does the downward trend continue?

Blockchain News
Can we assume TPTB might have another opinion?

It's started .... find out how and where

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Other News

could it?

perhaps a base price after the hardfork?

will it continue to be a storehouse of value?

or... too daring a solution not sought by the powers that be 

he's got 4 days I guess
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Thanks For Your Readership






Tuesday, April 7, 2015

Bitcoin Dreams..... Prior To Sept 2016

I began this post weeks ago... it's a deeper one.... sorry for the lack of posting as I have been active in crypto and have more stories to share beyond this post. Also, this blog is now getting over 1,000 page views a day lately... much traffic from Germany too... thanks.
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Tis the season for Bitcoin `pipe dreams' --- those who fancy that the new currency could again `take off' in a straight upward move in value. But, will that ever happen again... or are there now constraints via the marketplace (including options) to dampen that occurrence. And, what about the coming `halfing' of the block reward in Sept. 2016... will a panic set in then... 3 months before... 6 months before?

And, these pipe dreams I refer to in bitcoin value are not limited to a spike from a couple hundred to 1,500 like before... these are the dreams of each coin worth 50 thousand or even 100 grand or more. BITS of dreams. But, what is it that makes value? Is it literally JUST The value of the electricity? Some interesting ideas are to be found in this very deep look at the value of Bitcoin and the value of the alternative currencies too. http://bravenewcoin.com/news/bitcoins-value-mining/ Indeed, I will be looking deeper now at some of the tenets contained in the article... providing some feedback I've gotten about the article from two coin developers... and examine what value really is... perhaps.

This is how the article begins: RED is my emphasis
Bitcoins Value: Mining
Posted by Adam Hayes on 15 March 2015 | Comments
In my previous article empirical research analyzing the data from a number of cryptocurrencies found that value formation occurred at the margin. In other words, it is how many units of a cryptocurrency can be found over some interval with a given amount of mining effort. What's more is that because only Bitcoin has practical use-value for real world applications, a rational, profit-motivated miner will only mine for an altcoin if they can earn effectively more BTC/day than directing their hashing power at Bitcoin directly. As a result, altcoins find themselves always offered in the Altcoin/BTC marketplace and have the tendency to fall in price over time relative to Bitcoin. In fact, this is what has been observed in the market: over the past six months Litecoin is down 41%; Dogecoin -25%; Peercoin -50%; Reddcoin -50%; Namecoin -43%; Nextcoin -40%;  Blackcoin -91%; and so on. The Altcoin200 Index, a BTC-denominated market-cap weighted index of the largest 200 cryptocurrencies excluding Litecoin and Ripple is down over 20% since the start of the year.
So the first point is the seemingly downward trend compared to the last 6 months in the pricing of the alt market (after it's EXPLOSION into existence... so perhaps not really a fair correlation) as it finds A RELATIVE value for coins beyond their `trading value'.... Indeed I highlight the above saying that ONLY Bitcoin has `real world applications'..... as IMO that isn't true and a number of coins can now be spent and used in a variety of manners. 
And, additionally IMO... some will be finding a value outside of a direct tie to exchanging for bitcoin (but everything is interchangable of course). I think of coins that are moving into the banking arena and such. Other coins for gaming... others for perhaps a Nation such as Maza coin... or even the various niche coins that might serve a noble purpose or two.
The marginal cost, in the case of Bitcoin, is energy. Because miners cannot (yet) pay for their electricity costs in BTC, the dollar- (or euro or yuan etc.) price of electricity becomes an important variable. The energy efficiency of the mining hardware is also important, as it determines how much electricity will be consumed per unit of mining power. Today, the world average price of electricity is somewhere around 12.5 to 13 cents per kilowatt-hour (kWh), and the average efficiency for an ASIC mining rig deployed today is around 0.9 – 1.0 watts per GigaHash/second (or Joules per GigaHash). Knowing these two values, a miner can determine their cost of production per day:
$cost/day = ($price per kWh x 24 hr/day x W per GH/s) x (GH of mining rig / 1000)
It is the average cost across the entire network of miners which regulates the marginal cost for mining. There will be individual mining operations with very low cost of electricity, perhaps in Iceland, or with the latest cutting edge energy-efficient hardware. There will also be miners still running obsolete equipment or in regions with very high electricity cost in hopes that the price of Bitcoin will one day increase sufficiently to cover their daily operating losses. What matters is the average.
This fine article then goes on to point out the seemingly direct price correlation currently to the price o BTC and the price of electricity... not taking into account that the `median' price may not be where BTC is being produced and that therefore many other assumptions get called into question about the ultimate value. But without question slowly the move to efficiency and low production takes place... making the market even more valid and profitable.
The article later continues with:
This is only an objective calculation, and a reasonable explanation of why the actual market price trades consistently above this value is that there exists a number of subjective motivations for mining that also confer value. There is certainly a speculative premium, and many miners hoard either all or part of their production. The assumption in the objective production model is that all miners bring their product to market for sale each day, which is certainly not the case for everybody. Individual decision makers may undertake mining even at a loss if they believe that there will be a large enough potential upside at some point in the future. Others may be drawn to the anonymity or decentralized nature of Bitcoin.
Bingo the `objective' production model assumption is NOT true and is too much of a basis for this total speculation about the ultimate value.

BITCOIN IS HEADED TO $548.00 on 9/2016?
BUT IS ARMAGEDDON COMING?
Unlike most commodities where the supply can change quickly to accommodate fluctuations in demand, the supply of bitcoin is hardwired at a steady rate of one block every ten minutes with the difficulty setting adjusting up and down to maintain that linear rate of production through time. If miners are not able to supply enough new coins to meet an influx of new demand, the market price can see increases while the cost of production remains largely the same –  inducing more miners to increase their mining efforts. This will cause the difficulty to increase, raising the cost of production until presumably a new break-even level is reached.
One final insight that could have sizable consequences for the objective value of bitcoin relates to the block reward amount and how changes in it will impact BTC/day production. When bitcoin was launched, each block mined was composed of 50 bitcoins. That amount is set to halve every four years, and in 2012 the block reward became 25. The block reward will again halve to 12.5 bitcoins per block, expected mid-September, 2016, and will again in the year 2020 and so on. If we refer to the illustrative example above and substitute a 12.5 BTC block reward for the current 25, the expected BTC/day' becomes half of 0.010604, which is 0.0005302 per 1,000 GH/s. Given that new BTC/day', the break-even price for a bitcoin increases to $548.30, holding all else constant (the difficulty and cost per day remains the same). If the market price of bitcoin does not increase in turn, it will suggest that the break-even efficiency will also decrease by half. This could have the effect of eliminating all but the most efficient producers all at once.
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So alot could be coming in regards to the value and pricing of Bitcoin... meanwhile... some say things such as will BTC go to 100,000 or will 1000 coins go to 1000? The stuff dreams are made of Bitcoin Dreams.
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More BTC Links Worthy Of Your Read
Mazacoin gets mentioned
100,000.00 Pipedream?
is this to be the NEW standard? (I like it)
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Thanks For Your Readership
MORE VERY SOON

Thursday, September 26, 2013

Atheism Starts A Worldwide MegaChurch

With the slogan of `Live Better, Help Often, Wonder More' - it's off and running (supposedly coming to a mall near you)... started in the UK.... find out more The Sunday Assembly --- hell, start your own.
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In other news
isn't this simply the 1% of one percent playing their games regardless of ideology?
Young Now Unhappy With BROKEN Economic System In America
nasty stuff the MSM has no intention of covering on The BS
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Staying In The `Better' Mode
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As `confidence' wains in our political economic system
The BS has been all over the BitCoin (see labels)
will it be worth 20k in 15 years?
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But, you are here for beauties like this!
Daniela Florez
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The place below will buy your books
Sell textbooks online at Cash4Books.net

Sunday, July 14, 2013

Zombie Apocalypse Distractions

Zombies and Politicians - Somehow It Does Make Sense
261857_1111_vampire_BR_300x250And, Sexy Stunt Distractions Too
http://i.imgur.com/ZYoM8ry.jpg
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Politics - Sex - Paranormal
the slippery slope of all of them

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Entertained Yet?
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The BS --- Continues
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Introducing......
yes, it's exactly what it looks like
The design, called Stand, is already in use in several European countries.
yummy
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A PUSHBACK Editorial Written On
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The BS - Does Politics
over 800 posts in the archive as good as this one
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The BS - Does Sexy Photos
So Sweet
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Real Effects of Bike Laws
Increases Head Injuries In OTHER Cycling Sports
gotta love it
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Speaking of Cycling
Cyclist at sunset
Modern Beautiful Moments Laced With Chemtrails
unhelmeted freedom seeker
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Indeed, The BS
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You need to be aware of this number - The Bitcoin ATM machine is coming to an area near you soon! (A reverse ATM BTW - it's you who puts in the money and get a piece of paper.)
What's A Bitcoin Worth?
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Should someone tell the MSM?
More Americans See Snowden As Patriot Than Traitor
of f'ing course they do
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And, finally..... A bit of BS Beauty
white clffs to Blue sea
http://classic.wunderground.com/wximage/viewsingleimage.html?mode=singleimage&handle=randel52&number=7305&thumbstart=1&gallery=CURRWEATHER
United Kingdom, White Cliffs
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