Parasites

[SolarTwin]

Whatever it is, it's not sustainable. The Wild West days are going to succumb to regulation that makes sense. But cryptos will live on, I just can't imagine in what form. It's almost impossible to ban them and mining, which is the whole point I guess

 

[S2007S]

Wont these miners stop mining once the cost of these fairytale coins cost less than the cost to mine each one.....they are setting up huge Warehouses paying thousands a month in electricity to mine..once Bitcoin drops in value the cost to mine will outweigh the value of each bitcoin....the cost to mine doesn't drop based on the value of each magically delicious coin!!!

Less than 24 hours this appears

Bad news for bitcoin miners: It's no longer profitable to create the cryptocurrency, by one estimate

• "Bitcoin currently trades essentially at the break-even cost of mining a bitcoin," Fundstrat's Thomas Lee said in a report Thursday.
• "In some cases the miners may simply turn off the machines until the price comes back a bit," said Shone Anstey, co-founder and president of Blockchain Intelligence Group.
• Miners' earnings have roughly halved this month from December due to a surge of interest in bitcoin mining, as measured by hashrate, said Charlie Hayter, CEO of CryptoCompare.

https://www.cnbc.com/2018/03/15/bad...-profitable-to-create-the-cryptocurrency.html

 

[S2007S]

Bitcoin has dropped to a point where it's not that profitable to produce, according to some estimates.

"Bitcoin currently trades essentially at the break-even cost of mining a bitcoin, currently at $8,038 based on a mining model developed by our data science team," Fundstrat's Thomas Lee said in a report Thursday.

 

[SolarTwin]

Bitcoin has dropped to a point where it's not that profitable to produce, according to some estimates.

"Bitcoin currently trades essentially at the break-even cost of mining a bitcoin, currently at $8,038 based on a mining model developed by our data science team," Fundstrat's Thomas Lee said in a report Thursday.

And now the move to asset-based cryptos begins. This is the only one that I know of so far: http://community.chainblx.com/t/chainblx-outline/225

 

[SunTrader]

There has been period of times gold was not profitable to mine.

Doesn't stop it from being traded.

And this is called EliteTrader Forum not EliteMiner Forum, ummmm right?

 

[S2007S]

There has been period of times gold was not profitable to mine.

Doesn't stop it from being traded.

And this is called EliteTrader Forum not EliteMiner Forum, ummmm right?

Comparing gold to a magical fairytale coin


Haaaaaa


Can't even compare the two!

 

[DaveP648]

And this is called EliteTrader Forum not EliteMiner Forum, ummmm right?

good points all around. Ok, on the subject of trading: Do you think we'll be able to go directly from cryptos into stocks, and back, with no conversion to dollars in the middle? Or will this never be legal?

 

[SunTrader]

Comparing gold to a magical fairytale coin

Haaaaaa

Can't even compare the two!

You can't compare them because you don't trade.

That is what trading is all about, comparing one against the other. Buy, sell, hold, step aside.

Fahgetaboutit over your head.

 

[SunTrader]

good points all around. Ok, on the subject of trading: Do you think we'll be able to go directly from cryptos into stocks, and back, with no conversion to dollars in the middle? Or will this never be legal?

Most likely but who knows really.

That won't stop the know-it-alls from chirping.

 

[S2007S]

You can't compare them because you don't trade.

That is what trading is all about, comparing one against the other. Buy, sell, hold, step aside.

Fahgetaboutit over your head.

I don't trade magical coins and stopped trading gold a long time ago.....