Bitcoin Forum

A big Congrats goes to all miners that kept mining Zilliqa coin even when it's not the most profitable coin to mine all this while, like I always said mining isn't a get rich quick way of making money that's its not for everyone, mine the good coins and hold, the reward is in future. Congrats 👏  once again ZIL made it to 0.17$.

You know that you could've mined the most profitable coin, sold that coin, then used the funds to buy ZIL... you would've gotten even more ZIL as a result. Unless difficulty was very low on ZIL and you really believed in the coin.

I remember years ago when ETH forked. So there was the original ETH chain which is called ETC now and there was the forked one which is ETH now.

I was renting my rigs out back then and I found it odd why people were paying money to mine the old dead chain. However word got out that there is an Ethereum classic coming and people started to mine it very quickly.

So if you still kept mining it on the old chain you would of been very rich since barely anyone was mining it at that time. The fact that the coin is still alive and well after all these years is amazing.

This is not called real miners, this is called real losers, people keep mining a coin because they need to protect that hashrate because they already have a lot invested on it. The real losers trying very hard not to be even big losers because if the hashrate drops, a 51% attack on it is closer and closer and then gameover. Real miners mine what is most profitable because in the end of the day they have bills to pay.

ZIL isn't the most profitable I wonder why anyone would mine this coin instead of mining Ethereum and exchange the ETH for ZIL, this will give you more quantities of ZIL, as a real miner always mine the most profitable coin first before anything else.

This isn't a real mining its mining at a big loss, I won't switch my rig to ZIL unless its the most profitable to mine at the moment, since how many years now I've never seen ZIL mining taking the lead on whattomine dot com or other calculators, only those that mine ETH + ZIL are lucky right now.

This is amazing, I had a million dollar sell order at 0.1989 on zil and it just hit, incredible ehhe, you trolls really love helping me out hehe, Thanks for whoever let me know about this amazing zil pump and for whoever pumped it hehe, incredible eheh, I just checked my account on binance ehhe, now I just need my ravencoin and eth sell order to hit, not sure if they hit, because I set them very high hehe, well we never know, this zil pump made me a happy believer man ehhe, from 0.04 to all the way to 0.1989 it was an amazing pump hehe, sometimes you win sometimes you lose, last time I had an eth sell order at 4890 usd and it got very close at 4830 and it did not hit then I saw it crashing to 2300 usd. It seems luck was on my side now ehhe

Next strategy is, use this money to buy other altcoins that were not pumped yet, last time zil was the first to be pumped too, maybe there is a correlation here.

I still haven't figured out why ZIL pumped this much, any updates on development or what? Any way congrats to those that held this coin all along I wish my turn will come someday too.

Nothing at all, this is likely because the eth merger is getting closer and closer, scammers will be pumping coins before anybody else in hopes that will trigger idiots into buying coins at the top or close to it, trapping them. Trolls should be very careful here, i think this will be big pumps and then big dumps and then bear market and then starting 2024, bull market starting again. I guess this is the last bulltrap scammers will do, anyway, nothing wrong playing the game, just invest a little, only what you can afford to lose.

Since last november I read here daily and since that time you always post about the last bulltrap before bear....like a broken record.

Follow their twitter channel to learn more about this ZIL project, I read online that they are going metaverse too, something called metropolis or so I'm not so sure but find their twitter channel through coinmarketcap, this is why the price pumped.

ehhe, the broken record got at least right 95.9%, they say the broken record gets right 50% of time. So it seems this is not a broken record ehhe, anyway i wished I listened more to what I said, sometimes I say and I dont do what needs to be done.

No miners have the plan of giving up until the electricity bill is taking all the 99% profits they are earning every day, they have no choice but to give up, I understand that the best time to accumulate some coins is in a bear market but if bills are high it makes no sense.

By buying coins right? because is proven that mining in bear market is mining at loss.

Correct, unless they have access to 100% free electricity which isn't even possible, using the grid power illegally has big consequences so I advise against this act, mine if you have solar panels or don't mine at all.

there are other instances where you might still continue mining if 0 profit besides from speculation

- having coins that are completely non-KYC / anonymity

- not having to bother with fiat transfers for buying coins / tx fees

anyway profit should be good enough for the hassle so there is no way around expensive electricity cost, just don't mine if that is your situation.

I think the most important reason people are still overpaying for btc is corruption, they take illegal money from government offices and buy cryptos, governments can't trace many cryptos, then they flee the country and use cryptos for early retirement hehe

This is why regulation is a must but since crypto existence is to make decentralisation works it may be hard for crypto to get fully regulated.

That is the issue, very hard to regulate every country in the world, plus crypto was created for this reason, privacy, nobody knows what you have. Although few coins follow that principle, not even bitcoin itself follows that.

Looks like BTC will still face some upcoming wars in future because this can't keep going, once the rumours are everywhere that even the government and politicians are using crypto to rob people and embezzled money things won't look nice anymore.

Bitcoin and every coin will die if they dont follow what govs want. The mafia will always win, right now cryptos are walking without any regulation because there is not a single power that controls everything yet but we will have that and then no more freedom.

BTC is one step ahead of this idea, who is Satoshi Nakamoto? No one knows, the whole power of the government can't hunt down the BTC creator I'm sure Nakamoto saw this coming that's why he vanished and make himself unknown.

Bitcoin has been facing wars since its birth, but look where we are. It just keeps getting stronger and stronger as more people start believing in the movement. There is nothing Governments and mafias can do about its growth.
We have seen propaganda and bans from exchanges to mining, yet it remains unshaken.

They can do the 51% attack and kill it if they want however will be very expensive to do but for govs that is cheap. You trolls should be very careful saying btc is untouchable, the truth here is, govs are letting btc to go for now and like I said before since there is not a single power that controls everything yet then why attack it. BTC has become a political material to be used.

I agreed, the government now benefits from BTC itself there is no reason to hunt it down but about the 51% attack do you think this is possible? Can the government set up a huge mining network just to kill BTC? It's not going to be possible anymore since its network has already spread around or there is something I don't know.

Any coin can be killed with a 51% attack, that is why you have to be very careful where you invest your money into, never go full retard and invest 100%, diversifying your portfolio is the most intelligent way to be safe, in case one coin dies, you have others. Can be a mass cryptocoin killing? Yes, but that is possible only if the world has a single power, the globalists for example want to control everything and that is dangerous for cryptocoins in general or any decentralized network.

Judging from previous numbers of crypto bans that took place it shows that some countries are in full supports of BTC while some aren't, few later changed their mind and join BTC but the only way to get rid of BTC is if all humans on the surface of the earth come together and do the same thing, stop investing in BTC, stop mining BTC, direct all your bashing power to one single pool to plan 51% attack, only the people have the power.

Intel and the USA goverment can kill btc right now, joint operation, intel with the chip and the USA with the work and means, right now the most efficient chip is from Intel, for the USA gov to get to 51% is pretty easy. The easiest way would be to purchase some hashrate and the rest inhouse. There is nothing that the people can do if govs want to kill btc or any other cryptocoin, reason I always say, be extremely cautious, never go full retard.

Then why are they not killing it?

I mean, Bitcoin has proved a big headache to several Governments and Big corps that we all think have lots of money since it's inception, and yet they have failed to do anything. Why? Because the truth is that they can't do anything right now.

And so most of these companies are now joining the crypto market.
They realized that no matter what, it will proliferate even without their presence.
So if you can't beat them, join them, right?

And I don't think a single government can kill this now, even if it is the USA.
If they can, they may have done that already. But no one can.

Like I said before, for "political" reasons, they are not doing anything to it, not only the US, all countries are in the same both. If political reasons is no more then gameover.

Have you tried to calculate how many ASICs Intel needs to release in order to perform a 51% attack? Or do you think that mining pools will support a 51% attack and then lose their business?
It's probably cheaper for them to ban bitcoin by law.

This argument makes me remember Monero struggles in 2020 when some powerful entity claimed they will ruin Monero's security network and Privacy, I kinda forget the name lol but later on they let go with zero prove that they actually found a back door or anything.

I remember when China banned crypto mining, I thought it will affect crypto honestly because China has the biggest hashrate on BTC and ETH but in just a matter of weeks the power was shifted elsewhere, Metroid try to learn from this, BTC mining difficulty is insanely big, this is not a small thing that a country can mess with, they will waste too much of money and power.

Who cares if mining pools will support this or not, a 51% attack is a 51% attack, create your pool, turn your asics on and create the hashrate till you hit 51%, remember the more hashrate the less profitable btc is because the more difficulty, so in reality will get a point where others will stop mining because there is no profit and a 51% attack to whoever will be much easier because they can mine at loss, others who are entirely in for profit will stop mining, remember hashrate only increase because it has profit in there, if no profit it will not increase, whoever wants to kill btc dont care about profit.


What do I have to learn from this? I dont get your point but the more difficulty it is the less profit it is, so in turn people will stop mining and that will make things easier for whoever wants that 51% attack. I really dont understand why you trolls think is so hard to do a 51% attack on btc or any other coin, is not, it's easy but for "political reasons" they don't do anything till a new world order is created ehhe and that is not a conspiracy theory eheh, it's the truth. You will do what they want you to do ehhe. The truth is, the same thing goes for political power, if you elect 51% of a party they will control that place, in society the same thing, actually everything in life is like that. Look at the US senate, parties always try to get the majority in the house which is 51% hehe to control it. A new world order just needs 51% of the world population to side with them then destroy the other 49% then gameover your freedom and everything.

these are what is needed to do that:
- someone has to have a computing tech (where it can't be available to miners(private or company))
- electricity facility/ties to waste

other factors (price related):
- bitcoin diminishing rewards is making BTC ...scarce
- peasants already into BTC a lot already wanted it ...scarce
- non-peasants wanted more BTC ..scarce

scarce that is wanted makes the price increase.. justifying mining whether you mine .01xx that is like around 100$ in the past or .002xx that will becomes 100$ right now



yup new world order is coming with their CBDC's (central bank digital currencies).

if it is the "whole world" order then things will get ugly but if it is only a "few" countries in their "world order", they will probably have not enough time if crypto wins first as money in "digital realm"

exiting times...of course i'll side with crypto for a lot of reasons..you can't be a shitcoiner with CBDC coins LOL 

@Metroid I wish you are the president of the USA, I would have begged you right now to bring it on, try to kill BTC just to prove me wrong, I think this is a faded dream already, BTC is power to the people not the government.

What "political reasons"?
Let's look at them.

You think Governments care about the feelings of their Citizens? Well, if they did, we wouldn't have Governments fucking and killing their citizens every day or even trying to ban crypto trading and transactions.

If there is a "political reason" stopping a country from destroying the Bitcoin network, then why are they trying to make several unsuccessful bans each year in the first place?

I mean look at China, an antagonist of the US and one of the biggest superpowers is not happy with Bitcoin but with all the money they have all they could do is just ban mining and trading. Nothing more.
FBI wasn't happy with Bitcoin from its infancy, but still they did nothing to stop the network, why? ... they couldn't.

Forget the people, neither one of them care about the people. They only care about total control, they want to steal your freedom as much as possible.

The very one thing that the government hate the most is the progress of its people, lack of freedom will make people surrender and rely on the government but Bitcoin and crypto have changed the lives of millions of people, it brings hope and opportunities too so I expected that the government shouldn't be at good terms with crypto, sigh, I expected more.

so are you guys planning to setup new rigs or update existing ones ?