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Congratulations shills. We're back at $225! (self.Buttcoin)

TulipCoinsanti-social marketer[M] が 投稿

$225 is a psychological hell for butters. A number that means mining is highly unprofitable and should force miners to dump more coins causing increased downward pressure. Further squeezing of butts is obviously 'good for bitcoin'

I tip my fedora to all of you. Congratulations. They'll no doubt be a healthy bonus at the end of the month. Corporate are extremely happy.

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[–]c3739 5ポイント6ポイント  (0子コメント)

Finally, stability.

[–]goalkeeperr 3ポイント4ポイント  (0子コメント)

1 BTC = 1 BTC! always, checkmate statist!

[–]Hold_And_Pray 3ポイント4ポイント  (0子コメント)

It's good seeing this dangerous new technology getting slowly crushed to death under the iron-heeled boot of state oppression.

[–]smog_alado 2ポイント3ポイント  (1子コメント)

A number that means mining is highly unprofitable and should force miners to dump more coins causing increased downward pressure.

Whats so special about $225 in this regard? Don't mining costs depend on electricity costs?

[–]ButtersBeButtin 1ポイント2ポイント  (0子コメント)

Just did some math.

To make ~$225 a day by mining, you would need 110,000 GH in mining power.

110,000 GH * 10 Watts/ GigaHash * 1 kiloWatt/1000 Watts * 24 hours = 26,400 kWh in power a day.

If you're paying US$0.009 per kWh (well below the US and even global average, think Chinese miners using heavily subsidized power) it will cost you around $235 a day in electricity.

So $225 is that point where it's fallen below the B/E and doesn't seem to be picking back up quickly. This causes miners to dump their coins to cover costs, putting further downward pressure on the price.

[–]BartKoen 1ポイント2ポイント  (0子コメント)

Don't forget to say "thank you" to our colleagues from China for the exemplary job they did at Huobi.

I was watching that 20K coins dump live and it went through the order book like hot drill bit through butter before it switched to CHEAP COINS! phase. Did somebody get "hacked" again, or is some miner a weak hand and quitter?

[–]JeSuisEuphorique 1ポイント2ポイント  (0子コメント)

I cannot hear you over the sound of me skullfucking a dead bull.

[–]SooperModelsDotCom 0ポイント1ポイント  (0子コメント)

Now is a great time to buy!

Cheap coinz!

[–]GAW_CEO 0ポイント1ポイント  (0子コメント)

good job everyone.

[–]Cyrius 0ポイント1ポイント  (0子コメント)

I've been assigned to organize the celebratory "pizza" "party". What does everyone want?

[–]smedwed 0ポイント1ポイント  (0子コメント)

It's the Goatse that did it.