IT'S OVER
MINERS SWITCHING OFF
Leo Nguyen
Oliver Jenkins
SELL SELL SELL
Gavin Johnson
>MINERS SWITCHING OFF
Based.
Joseph Lee
NO NEW BLOCKS IN 13 MINUTES NOW
IS BITCOIN dead!!
Jeremiah Wilson
its fucking over
Ethan Wood
watch to see if they switch to bch
Grayson Williams
can this shitcoin just go to 0 already
Gabriel Stewart
UHOH
Kevin Hill
we won't know if they switched off, takes 23 fucking hours to do anything on bitcoin
Nathan Russell
thats it, please tell me the next bubble to invest in
Blake Long
if the price goes down to like 4k can Chinese miners even make a profit?
Alexander Lewis
LOOOOOOOOOOOOOOOOOOOOOOL
Ethan Kelly
Jace Bailey
...
Jaxon Roberts
Imagine being the cuck with BTC after there aren't enough miners to process the transactions. A week later, the exchange claims they may get to your "request" to sell the BTC and withdraw sometime within the next 60 days. Of course it never happens and they go bankrupt first. When you demand your money back, they answer with a basic introduction to investing.
Matthew Nelson
but is liquidity important?
Landon Lewis
They're buying HEX
Luke Jackson
bch hash rate increased by 0.4%
Dominic Davis
No. They need it at about $5500.
It's even gayer if you look at it in terms of loss of profit.
Going from 8.5K to about 3K to produce = maybe 4.5K in profit after servicing loans, employees, landlords, bribes, all that shit.
Now that's about 2K in profit after costs. So more than 50% loss.
For other mining firms, they've gone from $4K profit to $0.5K profit. That's more than 85% decrease in profits.
The chain will consolidate in China unless... the chain slows to a crawl to freeze BTC out of exchanges, then some crabbing happens to break margin positions, then wash trading happens to set a new floor for as little slippage as possible. Add in something like cryptokitties to freeze most of USDT, and money would have to enter the system to break the wash trading. Would be so awesome to watch it all melt.
Bentley Brown
it's illegal for an exchange to allow more trades than their available btc
Parker White
That's fine, I don't hate BCH, indifferent to it really
I'm not buying any, but I hope BCHfags make it I guess
Kevin Howard
hmm, the few alts i hold just popped versus BTC...
Carter Lee
The Chinese care if something is illegal?
Isaac Sanders
They're heading to CKB like I did a year ago. Get in.
Carter Cook
>ervicing loans, employees, landlords, bribes, all that shit.
>china
you mean 1 guy who has 8000 gpus running in a cold warehouse noone cares about in siberia that doesnt need to worry about overheating in the climate
Evan Bailey
Cool! Shame NOBODY accepts Bitcoin Cash/SV
Tyler Martinez
40 minutes since last block
spiral of death confirmed
Landon Gomez
this is what i love about UBT.
it's blockchain middleware like LINK so it doesnt matter about the platforms underneath it. as long as one of them works then we'll keep chugging along and theres so many options now that they cant all fail.
Ryan Cooper
It can't be >50% more profitable
Another creg lie!
Zachary Russell
I forgot to look at the hash before halvening, we lost what, 10 EH ?
Levi Harris
Nope, because the cost of BTC mining is arbitrary. They can always just reduce the difficulty, making the whole process cheaper. The whole thing is a joke.
Isaiah Turner
bitcoin is so flawed lol.
imagine if someone attacked the main miner warehouses now that have the newest equipment. It could take a month before they manage to get to the new difficulty adjustment.
Maybe they'll never fucking get there. lol.
Lucas Nguyen
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHH SHIT SHIT SHIT FUCK
Mason Perry
you have one of the shittiest logos ive ever seen. Just want you to know that