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File: 109 KB, 640x360, bitcoin-mining-farm-1.jpg [View same] [iqdb] [saucenao] [google]
7366813 No.7366813 [Reply] [Original]

"Bitcoin to remain profitable in China as long as it's price stays above $6925"
How long until the hash rate
crashes?
express.co.uk/finance/city/902724/bitcoin-mining-China-Bloomberg-New-Energy-Finance-electricity-cryptocurrency

>> No.7366866

What a pointless waste

>> No.7366871

about the same time they commercialize quantum computers for my 4d porn

>> No.7366886

Governments don't even need to ban the things, smart guys ran off with all the money a month ago.

>> No.7366893

what is more interesting how is bitmain an rest cashing out with all exchanges banned in china.

>> No.7366975

okay less supply not a problem

>> No.7366983

Whats the bad thing about the hashrate crashing? The difficulty will adjust and txn speed will stay the same. Miners will get JUSTed but they will probably just cuntinuing to mine and wait for better days

>> No.7367046
File: 980 KB, 227x221, 1517470419924.gif [View same] [iqdb] [saucenao] [google]
7367046

>>7366813
Is the FUD mine really this desperate? Default is 1 antminer s9. Assuming electricity costs are 1/2 the average in the US, BTC has to drop by a factor of 5.57. After doing the math that comes out to $1152. The absolute state of journalism boggles the mind.

t. former miner/trader who sold his cards at 2x new and dumped his stack at 14k BTC avg.
https://whattomine.com/asic

>> No.7367065

>>7366813
>remain above 6925$

It's well below that by now, does that mean chinese miners are now going to seppuku?

>> No.7367098

>Less miners
>difficult decreases
so whats the problem?

>> No.7367115
File: 10 KB, 121x134, JUST.jpg [View same] [iqdb] [saucenao] [google]
7367115

>>7367098
Difficulty on BTC core takes 3 weeks to adjust. Prepare you anus.

>> No.7367239

>>7366893
offshore companies.

>> No.7367375
File: 1.01 MB, 640x360, 1516082106891.gif [View same] [iqdb] [saucenao] [google]
7367375

>>7366893
there are probably some private offshore whale exchanges. wouldn't worry too much about them cashing out

>> No.7367442

>>7367098
>CHAIN DEATH SPIRAL

these places run green many months, you'd expect them to run at least a month of losses before they pack it up. and i thought mining was already banned in china?

>> No.7367443
File: 46 KB, 736x655, 1517430517079.jpg [View same] [iqdb] [saucenao] [google]
7367443

>>7367375
Are my bags heavy, filthy weeb lao wai?

>> No.7367459

>>7366871
>wanting quantum computers for porn
>not for playing Dwarf Fortress instead

>> No.7367473

>>7366813

inb4 these chink whales get tossed in prison and having their btc redistributed to peasant people

>> No.7367501

>>7367442
They say they're going to ban it so the price crashes so they can buy BTC for cheaper. They've done it like 4 times now. Only thing that's different this time around is India's banning it, or at least saying they're going to.

>> No.7367541

>>7366813
I wonder if I could get a cheap 1080 now

>> No.7367550
File: 368 KB, 894x894, 1514498264546.jpg [View same] [iqdb] [saucenao] [google]
7367550

>>7367473
>implying china is communist
>implying communism benefits peasant scum

WEW
E
W

>> No.7367584
File: 416 KB, 442x496, 1517611044189.png [View same] [iqdb] [saucenao] [google]
7367584

>>7367541
Does 1.5x over new for a card I've been raping for a year and a half count as cheap?

>> No.7367869

>>7367501
No, we won't. election is coming. Ruling party won't risk. People already angry about Demonetization and Price hike and extra Taxes.

>> No.7367979

>>7367501
you need to learn to seperate what headlines say compared to what is actually said.

India never said they were banning.

>> No.7368649

>>7367046
>>7367584

Was it 2x or 1.5x? or do you live in a vivid memory like those in century village.