SGMC Update [5 Nov 2013]

Current holdings are shown below.  Do note that we have USD$1000 in transit via international wire transfer to a local bank.  I haven’t checked yet but should take a few days to arrive.

Current Difficulty 390,928,787
Current SGD (In-hand) -($615.51)
Current USD (Exchange) $631.31
Current SGD (Exchange) $276.33
Current BTC (Wallet) 0.01099002
Current BTC (Pool) 0.75414233
Current NMC (Pool) 27.62580494

There is going to be another difficulty retarget later today in approx. 12-14 hours.  Definitely > 25% difficulty jump.  On another note, BTC as of now is trading at USD$241.

Personally, I feel that the PRCs are really into the BTC craze.  I love to look at their exchange volume at  They have impressive trade volumes and based on the meagre knowledge I have on currency trading, I have a gut feel the Chinese are pushing the envelope.

On the Bitcoin hardware side of things, recently Hashfast delayed their shipments and caused some unrest in the community.  Fortunately for us, it keeps the mining window open for a while longer for the KNC owners to milk the Bitcoin cow for everything they’ve got!

KNC November shipment are rumored to have shipped, though there is no proof but it is definite that the November batch will go out on time as compared to the Sep/Oct batch.

Well, I hope that Hashfast & Cointerra (the 2 upcoming and most-likely-to-produce-miners shops) all the best in their launches.  It’s going to be a crazy end to 2014 and here are my biased speculations.

  • BTC price crashed as everyone cashes out for X’mas, falling to a low of USD$120.  Weeks later in early January 2014, China investors take another huge dump for Chinese New Year, dropping BTC even more.
  • Hashfast & Cointerra folds due to the drop in BTC price and close to 1 bill difficulty, forcing all their customers to refund their pre-orders.
  • KNC miners prices on eBay shoots up due to KNC being the only viable hardware platform to mine BTC efficiently.
  • Thus, after the dust settles, only Bitfury, KNC & a handful of ASICMINER USB/Blades will be the only hardware keeping BTC decentralized and up.

Update again after the difficulty retargets with the new daily rate based on the rise.



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