Bitcoin Thread - 2018

Mr.Ree

Well-Known Member
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Jun 13, 2016
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378
I heard someone saying it’ll hit $6900 - $7400 today in the afternoon and that’s bottom..
 

saturnz

Honorary Master
Joined
May 3, 2005
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12,172
How low can it go?
as low as it can go to process bitcoin related activity, so basically the cost of electricity, servers, real estate, labour and whatever else is required to keep these things going

once those costs can't be recovered, its not viable to process bitcoin and it would then shutdown
 

Temujin

Executive Member
Joined
Apr 18, 2015
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6,441
as low as it can go to process bitcoin related activity, so basically the cost of electricity, servers, real estate, labour and whatever else is required to keep these things going

once those costs can't be recovered, its not viable to process bitcoin and it would then shutdown
Not at all, diff just adjusts, if there is one person on the planet mining it'll be back to 1 core cpu mining;)
 

Temujin

Executive Member
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Apr 18, 2015
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[video=youtube;XbZ8zDpX2Mg]https://www.youtube.com/watch?v=XbZ8zDpX2Mg[/video]
:D
 

Countcrypto

Senior Member
Joined
Jan 20, 2018
Messages
543
I heard someone saying it’ll hit $6900 - $7400 today in the afternoon and that’s bottom..
Holding pretty steady over 8. If it keeps these levels until the yanks wake up it should go over 10 today imo.
 

saturnz

Honorary Master
Joined
May 3, 2005
Messages
12,172
The shutdown, it'd get so low and cheap and easy you could mine it powered by some wires plugged into a potato
mining is not the only thing required to process bitcoin activity, whats the point of mining if nobody uses it for transactionary purposes?
 

Temujin

Executive Member
Joined
Apr 18, 2015
Messages
6,441
mining is not the only thing required to process bitcoin activity, whats the point of mining if nobody uses it for transactionary purposes?
/shrug The thousand or so ****coins do just fine:D
 
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