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  1. #2221
    Trainwreck Trainwreck is offline

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    Quote Originally Posted by johnnypockets View Post
    About 2k. Wouldn't surprise me to see it dip well below that.
    Hmmm, I think you are a long way wide of the mark there. This is for the US. It seems to vary from around $3,000 up to $7,000. Check out Hawaii - $9,000!

    And electricity in the US is a lot cheaper than in Ireland or anywhere in Europe.



    https://www.marketwatch.com/story/in...ate-2017-12-15
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  2. #2222
    johnnypockets johnnypockets is offline

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    Quote Originally Posted by Trainwreck View Post
    Hmmm, I think you are a long way wide of the mark there. This is for the US. It seems to vary from around $3,000 up to $7,000. Check out Hawaii - $9,000!

    And electricity in the US is a lot cheaper than in Ireland or anywhere in Europe.



    https://www.marketwatch.com/story/in...ate-2017-12-15
    Can't remember where I read it but the figure quoted was 2k(maybe worldwide average?) and that also included the person's time to do it.

    (everything in Hawaii is ridiculously expensive)
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  3. #2223
    Supra Supra is offline

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    Quote Originally Posted by johnnypockets View Post
    Can't remember where I read it but the figure quoted was 2k(maybe worldwide average?) and that also included the person's time to do it.

    (everything in Hawaii is ridiculously expensive)
    Someone is getting over paid.
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  4. #2224
    sadcitizen sadcitizen is offline

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    Quote Originally Posted by ymmek View Post
    If BITCOIN is so good how come one can buy it?
    If you're asking why miners don't just horde Bitcoin rather than selling it, they can/do. If you mean "why isn't it so highly sought after that it's unaffordable", because people lack foresight. If you mean "why is it open to everyone", this is how it was purposely designed, and why it will remain valuable. No greasy Irish politicians can ever get their hands on your Bitcoin.

    Who owns all the BITCOIN that exists that was not bought
    The person/pool who mined it

    who benefits from each purchase of BITCOIN?
    Miners, and intermediaries such as exchanges. Btw you can mine them yourself at home if you're interested, it just wouldn't be profitable with Irish energy costs. There are no designated miners, and permission isn't required. The system is completely open/transparent/accessible.
    Last edited by sadcitizen; 13th February 2018 at 02:36 PM.
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  5. #2225
    sadcitizen sadcitizen is offline

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    Quote Originally Posted by johnnypockets View Post
    Can't remember where I read it but the figure quoted was 2k(maybe worldwide average?) and that also included the person's time to do it.

    (everything in Hawaii is ridiculously expensive)
    That 2k figure is for an efficient mining operation, as quoted by Mcaffee who runs one. The picture above is if you ran it at home inefficiently.
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  6. #2226
    Watcher2 Watcher2 is offline

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    Quote Originally Posted by libertarian-right View Post
    For what it's worth I've thrown a few yoyos into IOTA last summer. The only project I can get behind. Couldn't care about all the bitcoin clones.

    Just note that the dot com bubble burst at about 10 trillion. We haven't hit 1 trillion in this "market" - yet to see mainstream money in it. Will be watching this wild wild west rollercoaster for the foreseeable future.
    You dint have one IOTA mate.

    I'll get my coat.
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  7. #2227
    Supra Supra is offline

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    Quote Originally Posted by sadcitizen View Post
    If you're asking why miners don't just horde Bitcoin rather than selling it, they can/do. If you mean "why isn't it so highly sought after that it's unaffordable", because people lack foresight. If you mean "why is it open to everyone", this is how it was purposely designed, and why it will remain valuable. No greasy Irish politicians can ever get their hands on your Bitcoin.



    The person/pool who mined it



    Miners, and intermediaries such as exchanges. Btw you can mine them yourself at home if you're interested, it just wouldn't be profitable with Irish energy costs. There are no designated miners, and permission isn't required. The system is completely open/transparent/accessible.

    The greatest trick the Devil ever pulled


    Politicians and central banks are all over this.


    https://www.pastemagazine.com/articl...nipulatin.html
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  8. #2228
    silverharp silverharp is offline
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    junior was complaining that its putting up the cost of buying graphics cards
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  9. #2229
    mr_anderson mr_anderson is online now
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    Quote Originally Posted by silverharp View Post
    junior was complaining that its putting up the cost of buying graphics cards
    It did.
    But with the price going down, you're going to get far less miners.
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  10. #2230
    sadcitizen sadcitizen is offline

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    Quote Originally Posted by Supra View Post

    The greatest trick the Devil ever pulled


    Politicians and central banks are all over this.


    https://www.pastemagazine.com/articl...nipulatin.html
    I'm sure they are but IMO the reasons stated in that article don't really signal it. Regardless, the protocol can't be manipulated. You may be taxed at an exchange level, but they wont be able to take your Bitcoin or stop you from using it.
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