/biz/ - Business & Finance

>>21491042
Never sell. They only collect taxes on your gains. Stake and live within your means.

Bitmain CASH

What the fuck is happening?
>Bitcoin profitability at zero
>difficulty adjusts up yesterday
>suddenly, mining spikes
>fees shoot through the bloody roof
>bitmains mining pools over 40% hashpower, slushpool drops below 10%

Bitmain is obviously only able to keep mining profitably thanks to an unreleased gen of ASICs. Basically.. is this the precursor to the flippening?

Why are you betting against the guy who makes the ASICs?
Notice how despite the insane unprofitability of mining, the difficulty is still slated to increase tomorrow? SOMEONE is still mining enough to drive other people out of the market. I wonder whether that is because they have a next generation of ASICs that they are using before bringing them to market, so they have a competitive edge?

Bitmain being one of the largest mining firms AND ASIC manufacturers has the entire bitconomy around their little finger.

One of two things is going to happen next:
>A. They will release the next generation of ASICs which produce more hashes per second at lower energy consumption, which will allow early purchasers to sell at a profit again, further driving up the difficulty and further cementing their hardware monopoly, which they have already been using to squeeze the market
>B. They will use this power to maliciously push everyone else out of profitable mining, and ditch the main chain, causing the BTC chain death spiral, and most likely staging a BCH coup.

Either way, I am not betting against the man with all of the power. I am all in BCH.

>>6282903
>anyone here know where i can find the smart contract info. so i can add the custom token

anyway, this.

>>5277981
It meant fuck your mother if you want to fuck.

Get comfy folks, this is the official flippening thread.

Pour yourself a nice cup of joe and watch the chaos unfold. For those of you not holding any BCH, it's not too late, we're going x2 minimum in the next few days.

Watch the BTC chain choke on it's own vomit here:
https://blockchain.info/unconfirmed-transactions

Nice dose of reality here for corecucks:
https://cointelegraph.com/news/bitcoincom-cto-denounces-bitcoin-ive-switched-to-bitcoin-cash

>>4848539

It's not over.

I beleev in Roger and Jihan.

BCH is just better than BTC right now. It's that simple OP. We can speculate all we want about potential future scaling solutions but in this moment, BCH has lower fees and quicker confirmations.

People are naturally conspiratorial and like to over-complicate things, and that's what you're doing OP. BCH will win because it's objectively a more usable network right now and will continue to be for the foreseeable future. That's really all there is to it.

>>4511083

The delusion is strong in this thread.

Look at the roadmap on the PowerLedger website. This token will be totally useless for the entirety of 2018. Look at how big the marketcap is already. The price is going drop 75% in the meantime while everyone cashes out to chase other pumps like BCH or whatever the flavor of the week is.

>hurr BTC was $7000 dollars so if the flippening happens then BCH will be $7000 dollars

This is what cash cucks actually believe. What they fail to realize is that a large part of the price increase for BTC in recent month was due to institutional investors entering the game. Do you think they're going to see their losses in BTC, which are a result of very transparent market manipulation, and then move an equal amount of capital into BCH? No you dumb fucks, they are going to exit the market and never look back.

LITERALLY MAKING ALL TIME HIGHS

On Jan. 1st

Thank

https://www.youtube.com/watch?v=RVl_sjUrNQE

>>3227671

The only way to get coins into your wallet is to mine it yourself, duh. Get with the program retard.

>>3208688

>What causes the BTC value to go down?

Pic related.

How can crypto be saved from the chinese?