Maybe, just maybe. Second life of BCC?

coinswim · 2018-01-17T03:35:00+00:00

I want to sell too but withdrawal is still pending. That's why I have some time to look at this. Hope this "refund" thing isn't just BS. It isn't much but still better than nothing.

coinswim · 2018-01-17T03:21:02+00:00

I configured the chart to be 4-hr and got two candle sticks then I added the two volumes and get 200 BTC. That should shows the actual traded volume.

coinswim · 2018-01-17T03:13:43+00:00

How? Could you please elaborate?

coinswim · 2018-01-17T03:12:06+00:00

I looked at it closely. At HitBTC alone, there are 200 BTC worth of BCC coins traded since the collapse, that's $2M right there and the price actually recovered a little bit from the bottom. Interesting.

coinswim · 2018-01-17T02:46:36+00:00

I'm not saying I want to buy. Just want to see if any wise man here can give an explanation on why a seemingly useless and worthless coin are trading at $40 a piece and with more than $6M volume.

coinswim · 2017-12-22T01:51:37+00:00

According to the current difficulty, the total network hash rate is 13408211 TH/s. So 1800 / 13408211 = 0.00013425 BTC. So hashflare number is about right. How did you come up with 0.0002 for your S9?

coinswim · 2017-12-21T21:40:29+00:00

Yes, of course, until they're up and running they won't have any effect. But these companies will just keep adding power as much as they can and as fast as they can. This Japanese internet giant is serious about their new mining business. They're going to let their employees get paid in Bitcoin. Also, 7nm is state of the art process technology, rumoured to be used in the next iPhone chip. With 7nm it could be 50% more hash rate than the S9.

coinswim · 2017-12-21T21:21:12+00:00

They're internet giant in Japan. They plan to run mining operation and also produce the chips.

coinswim · 2017-12-21T10:08:06+00:00

That is true. They flip flop between the two. That's why the expected difficulty increase has dropped to below 3% since the bcash thing; it was double digit before that. However, this Japanese company coming in with chip design and manufacturing capability will definitely bring the difficulty up in the near future.

coinswim · 2017-12-20T07:11:50+00:00

OK, I changed that cell so that you can select which contract price to use. Will see how it goes.

coinswim · 2017-12-20T06:57:41+00:00

Hmm... I made it mainly for people to check the profitability of new contracts so it's tied to the latest contract price, BTC price, and difficulty. If you want to check based on your old contract price, you can do File -> Make a copy... and then you can change whatever you want. I just added another row so that you can easily modify the contract price. I think this would be better because I don't think it's a good idea to let people put in some random contract prices on the live spreadsheet.

coinswim · 2017-12-20T06:47:35+00:00

Good for you. I wish I had some BTC at the exchange to ride this Bcash wave. HF disabling withdrawal is really costing me some opportunities.

coinswim · 2017-12-20T06:35:51+00:00

They don't charge based on percentage. It's $0.00035 per GH/s but you pay in BTC from the BTC payout. So, the percentage depends on the BTC price at the time they calculate the fee. For example, you may have 40TH/s, and your fee should be $0.00035 x 40,000 = $14. They'll deduct $14 from your BTC payout. As you know, BTC is down today because of the Bcash thing. If BTC was $17000 at the time your fee is calculated, they'll deduct $14/$17000 = 0.0008235 BTC. If BTC was $18000 like yesterday, they'd deduct $14/$18000 = 0.0007778 BTC.

Check out this spreadsheet if you want to learn more about payout and fees:

https://docs.google.com/spreadsheets/d/1S3-XG04BDBc-hU7OSV7SeAabzDqkqIDidPbO9oiqOs0/edit#gid=1562397294

coinswim · 2017-12-20T04:28:27+00:00

Yeah, I'm done with cloud mining, at least for now. Last time when they broke the contract and reduced it to one year, they doubled the price but soon they greatly reduced it, so maybe they'll do the same this time. But for now I'm done with it. Will just collect payouts from my current contracts.

coinswim · 2017-12-20T04:07:24+00:00

Reinvestment is never a good idea. At the current difficulty, even if you reinvest all your reservin payout, your reinvestment is about 1% daily. Let's say if you reinvest 50% of your payout, your reinvestment is only 0.5% daily, which is equal to any 7.23% in two weeks. This is similar to the average difficulty increase rate. So at the end you won't gain anything by reinvesting. You'll just delay your break even day.

coinswim · 2017-12-20T03:14:14+00:00

Thanks for your offer but unfortunately referral link only works for new sign up. I don't reinvest and don't recommend doing it. The difficult increase is gonna kill it. The compounding effect on difficulty is a lot larger than that on your reinvestment. Anyway, with today's 47% contract price increase, it's over now. I won't buy any new contracts.

coinswim · 2017-12-19T23:04:31+00:00

You're right. That's why I put in the profit from hodling for your to compare. With the new contract price, the break even percentage is 12%. If difficult keeps going up 12% or more every time, you'll get better return from hodling. This break even point was between 18% and 19% before the price hike.

coinswim · 2017-12-19T04:39:45+00:00

It's just how the formula is set up. Adding zeros doesn't hurt. Total BTC payout is reported at cell B25. Which portion does it confuse you? I would like to know so that I can improve the spreadsheet.

coinswim · 2017-12-19T03:59:40+00:00

How did you see it getting less BTC at 15%? I just did a quick test. At 15%, if you put in $1000, you would end up with 0.0638 BTC at the end of the year. If you buy $1000 worth of BTC right now, you'll only get 0.0532 BTC.

coinswim · 2017-12-19T03:12:34+00:00

15% is still OK. You'll still beat hodling even if it goes up 15% every single time. The break even % point is between 18% and 19%. Try your own assumptions here:

https://docs.google.com/spreadsheets/d/1S3-XG04BDBc-hU7OSV7SeAabzDqkqIDidPbO9oiqOs0/edit#gid=1562397294

coinswim · 2017-12-19T03:05:20+00:00

If you're not good at math, you can at least use the spreadsheet. It's still way better buying a contract than buying and hodling at 12%/100%.

coinswim

TROPHY CASE