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Blockreward

Plotting bitcoin and doge supplyTrading view calculates the market cap for bitcoin and doge. I don't know how the market cap is precisely calculated by them. However, for the sake of exploration, I'm going to assume it is simply taking the available supply and multiplying it by the price of one coin. From there, we can use arithmetic to plot the total supply. market cap = supply * price supply = market cap / price That is the line plotted in the indicators underneath each chart. It tracks coins supply denominated in millions, 18.7M bitcoin and 129,427.06M doge. What we see for the bitcoin chart makes a lot of sense. Supply is growing steadily and linearly. Every day about 900 bitcoins are mined (6.25 every 10 minutes approx.). The graph shows that consistent growth at an almost precise 45-degree angle. What we see for the doge chart is puzzling. Every day about 14,400,000 doge coins are mined (10,000 every minute approx.). The daily minting rate is fixed just as with bitcoin. So, I would have expected a similar plot with linear growth. Instead, for the most part, the graph is relatively flat. And for the past 25 days, it is entirely flat. To my surprise, the last value does match with what coinmarketcap reports as the supply: 129.53B What am I missing here?
Education
by yalla-yalla-habibi
The Full Bitcoin Game Plan by HawkI have detailed everything on the chart, however I will add a note here. -Every bull run is decreasing in intensity by about 66%. -Every bear market drops by about 85% -Precisely one year before every Block Halving, we experience the start of a new bull market. This is mostly due to the fact that there's an increase in scarcity, which means that miners need to charge more for each Bitcoin for it to be profitable to mine (Aside from basic Supply / Demand). - Fibonacci Time Zones are lining up, pointing towards a new bull market (I didn't add it on the chart, because it's already quite cluttered). I'm expecting the bull market to start in June / July 2019, and end in the first half of 2022 at around $144,000. Expected trading range for the next 3 months: $3,100 - $5,600 with a potential liquidation dip to $2,800. Don't let your emotions control you! Media might try hard to scare you with China FUD or whatever else, but remember to stay vigilant and stick to your game plan. I am fairly a beginner in trading and chart analysis, so this is not financial advice - just my 2 cents. -Hawk
BNC:BLXLong
by spyxo2x
lowest bitcoin price based on fundamental accoding to the whattomine (simple website to etimate bitcoin mining profit) : we need to have 35000 Antminer S9 with 14 TH specification to build a Bitoin during an hours, if each Antminer used 1.372 kW per hour this system need 48 MW power !!! a- If you are able to prepare this power source you have to paid 48000 KW * power cost KWh b- we assumed typical power cost 0.1 $ we should pay 4800 $ for preparing a bitcoin c- if you are able to build this mining farm you have 35000*14 TH = 0.49 EH on bitcoin network proof to above statements from another view: ============================== today Bitcoin network have 42 EH (variable upon to miners but when last time difficulty adjusted network speed was 37.04 EH ) mining network speed and bitcoin network adjust himself by difficulty according to his rules to make a block during 10 minutes. note that every block generate 12.66 BTC rewards for solver. during an hours typically we need 6 blocks so we have 12.66*6= 75.96 BTC. 75.96 BTC generated when u used total network speed ( 37.04 EH) so for 1 BTC we need roughly 0.49 EH Above information drive me to this thought bitcoin can not maintain below 4800 $ more than an hours. ============================== Residential rates in the U.S. range from 8.37¢/kWh to 37.34¢/kWh. The average (residential) national electricity rate rate is 11.88¢/kWh. From (a) we can estimate lowest bitcoin price 48000 KWh * 0.1188 $/KWh =5702 $ //////////////////////////////////////////
BITFINEX:BTCUSDLong
by MSHLFX
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