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I have no clue what forum to post this in, because it's on finance.
We have a couple of clients in the US in the Cannabis sector that have about $20 MM in physical cash and they want to move it to crypto. The problem with moving that much cash into a bank is the FDIC regulated banks have issues with money from cannabis and other community banks that handle cannabis won't take in this much cash at once.
Any clues on banks or institutions that can help with this transaction?
thanks (except for the smart ass comments that will follow of course. ha)
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Does anyone know of any GPU hosting locations for a small number of rigs? I have 6 rigs that have 12 3080 cards each. I'm looking for a reputable place to have them hosted.
thanks
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Any thoughts on the LT5 miner which can mine DogeCoin and LTC? Is there any reason that this isn't a good one? The return is about 9 months at current pricing.
What about KD5 for the Kadena? Currently about a 12 month return?
I'm leaning towards the LT5 though. Any drawbacks with these coins or the mining?
Thanks!
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Can anyone recommend any good and reputable hosting facilities in the US for GPU miners that handles maintenance/monitoring, etc..? I only have 8 rigs and most places seem to want 100+ as a minimum.
Thank you!
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Is there any way to share a wallet with someone else? If I download MEW Wallet and keep a wallet/account on my phone and then someone else can access it on theirs as well? I can't find any documentation on this really.
I'm mining ETH with someone else (we split the cost) and want to both be able to see the account.
thanks!
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I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?
Thanks!
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Now that Mining is supposedly illegal in China (or will be), will that increase the amount of payouts to existing miners of btc,eth, etc.. ?? They currently mine 60% of the coins out there, right?
Assuming they actually stop mining when they have to; or is that logic not correct?
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I don't know if this is the appropriate place for this post, but I have 6 rigs, each with 12 boards of the RTX 3080 for sale and at a place for hosting. Never been used. If interested in buying these, send me a PM. Built by a group in Canada that has a big setup and good name.
Thanks
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Thanks - when PoW is done, is that only for Ethereum or is it also for all the other coins on that network?
it is good question ... I think it is only eth but I got no idea really ... I hope that ETC will remain mineable ... can somebody smart shed some light on it ? Nobody knows its an internal war, certainly POS is oligarchy while POW is equitable to little guys, but what difference does it make when there is a Chinese ASIC for all 10k shit-coins Lot's of way to deploy your gpu rigs, I use them to hack bitcoin and once I turn off all my ETH miners, and deploy them to hacking btc, it will be a blood-bath of lost coins, In the past I kept my best cards like rtx-3070 where I can make good money earning ETH, but if they come out with a bitmain ETH miner, then our gpu rigs are worthless, they already have Z-asics, so zcoins are out, there is essentially nothing left other than hacking btc for profitablility ---- so why would GPUs become worthless when the ASIC miners come out? The GPUs still do the same tasks that they did before - ASICS will just do them better and earn more ETH more efficiently. Would GPUs somehow produce a ton less? Everyone is competing with everyone and if you're in a pool, then it's aggregated and split up based on hash rate? Lastly a lot of people are just moving over to ETC ethereum-classic, as its the real deal, but doesn't have the $$$ IMHO there should be a ETH-CLASSIC2, where they fork right now, an the miners all move to this, that way we get the best of all worlds modernized ETH, but don't move to Proof of SNAKE ( rich guys controlling crypto )
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Thanks - when PoW is done, is that only for Ethereum or is it also for all the other coins on that network?
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I was looking at buying some of the new Innosilicon A11 Pro for ETH mining, but I was told that Innosilicon have a lot of issues and high defect rate. Does anyone know anything about this?
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I was told this from a group that sells bitcoin miners and didn't want to supply and ethereum miners. Is this true? I was looking to buy a several more ETH miners, but if this is true, that's not good.
"Over the next two months EIP1559 will be cutting ETH mining revenue in half over the next two months due to TX fee burning. "
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With the hardware wallets, if you lose the usb wallet, then you are screwed, right?
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Is it better to join mining pools versus standalone?
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ok, thanks for the explanation and that link!
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Is there a chart that shows historically the difficulty level increase of BTC mining? Or is there any comments on how often and by how much mining will decrease? 5% per 3 months, or 1% per 2 weeks.. or etc??
I'm buying rigs and want to know more about it.
thanks
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I'm buying a bunch of miners this week for ETC, BTC, SIA and in the near future DOGE/LTC and KDA.
I want to have 1 wallet that can hold them all, versus a brokerage. Can anyone recommend the best one for this? Also, do I need to create addresses separately for each of these, or will these apps do it for me?
I looked up HyperPay, which seemed good, but then there were a ton of bad reviews for it.
I was considering the wallets in Crypto.com and BitMart, but I think it's not suitable for mining where a little bit hit the account each day or throughout the day.
Thanks!
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Has anyone used the Panda Miner B8 before for ETH? I was looking at getting several of them, but not sure if they're good/reliable, etc... They only have a 90 day warranty as well.
Thanks!
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