Lordlucas, I've been in cryptocurrencies for 6+ years, and I've seen a lot of mining technology evolve, prices swing up and down, and so forth.  I've done tons of research and have seen miners get all excited, invest huge sums, and then give up, when if they had HODL'ed, they would have been ok.  The most famous of which was JRose120 from Florida, in early 2014 on the Litecoin forums.  He got excited, did not think it out properly, took $50K of a relatives' money, and blew it, eventually dumping his GPUs on ebay for cheap.

Long story short, you are a complete and total FOOL to invest a penny in building a farm.  It doesn't matter how cheap your power is.

You will make a lot more profit with a lot less anxiety and work if you watch the coin market prices, buy the dips, and HODL.

Then when the market manipulators decide it's time for the next big bitcoin price boom, you can ride it to big PROFITS.

But mining is not the way to do it.  Difficulty has risen from 7 trillion to 12.7 trillion in only the past few months because people are throwing lots of money at buying miners and are not thinking rationally.

And all that aside, if you do buy miners, do you really think you're getting the new hottest versions?  You aren't.  The Chinese manufacturers keep those quiet while they mine with them, and when their next generation is ready, they sell the old gen as the NEW miners.  So they make money coming and going!

I've been around for a long time, I'd be scamming and scheming if I had more resources, so they don't fool me.  I see their game.

EDIT - I just noticed that Lordlucas hasn't posted since February, so his plan and himself obviously came to nothing.  But this post I just made here has great info for anyone else thinking of making a mining farm.  Don't bother.

I didn't calculate anything.  He asked a stupid question, so I gave a stupid answer!   

20 quad core PC's?  On NiceHash that has the potential to earn you $400 to $600 per week, depending on Bitcoin prices at the time.  Calculation based on a $10,000 BTC price.

Get those bitches mining!!!

I successfully "bought the dip" in december-january, when many coins were bottomed out.

Like others, I never knew for sure, I just read coin price articles each day, and considered the time of year.  I felt that many people would sell their coins by the end of December to claim a loss on their taxes.

Turns out, that's the way it went. 

No matter what prices BTC and alts rise to, it won't stay.  The profits on coins come from volatility.  Buy low, sell high.  And the lower it gets and the higher it goes, the more money you make!  That's pretty much my investment strategy.

The only people who "know" the high and low prices are the people behind the scenes manipulating the market.  Remember the two BTC price dips we had recently?  Someone sold 25000 BTC and bought them back shortly after?  That's what I'm talking about.  The numbers I saw on one of those dips said about a $15 million dollar profit was made and they still have their coins.

All the bitcoin whales who are artificially inflating the bitcoin prices (of course it is happening, what kind of naive fool are you to think otherwise?), what's your plan for the top prices we will see on this wave?

We jumped from $4000 to $12000 pretty damn quickly and easily this market cycle, it took 6+ months to do this in 2017.  And we are not yet seeing local tv news stories about bitcoin prices, things that would get the general publics' interest and cause un-coin-educated fools to mortgage their houses and buy in at ATH prices like last time.

So I think we will be looking at price tops in the $30-$50 K range over the next 6-8 months.  And since alt coins tended to trail BTC to their ATH prices in the last market cycle by a month or so, and I am invested in alts, I am hoping for some huge price gains.

To those of you who are making / manipulating the current market prices - Ethereum, Litecoin, Stellar, Tron, Cardano, XRP, and EOS.  Those are the coins that I need to see HHHUUUGGGEEE price increases in to make a sizable profit.  I'm looking for at least a 15X gain in each one, please.  If each one gets pumped and dumped one at a time, that's okay, just PM me here and let me in on the plans so I can make maximum profits.

LOL too late noob.  Should have bought 5 months ago at $3500!!!

I have some of my coins on my Ledger Nano, and it wouldn't be hard to transfer other coins that the Nano can't store (Stellar, Tron, Cardano, etc) into Bitcoin for putting it on the Nano, if the Nano has a way to debit card the funds out of it.  There is a Bitcoin ATM in my area, I could cash out there.

I wonder if I could use funds from a big exchange, like Coinbase, to pay my credit card,  then just use the credit card to buy things and keep paying it off from Coinbase.

Yes, the buying gold idea is good, if my plan is to HODL the cash long term.  I have looked at Perth Mint for this purpose.

I know where there is a bitcoin ATM machine, but the cut they take is ridiculous, like over 10%.  I'm not paying that.  Is there a normal debit card I can buy at a store which can be loaded with funds from coinbase, then cashed out at an atm?

Yeah I know there other sites and I go to them, but I was used to the bitcoinwisdom one for a long time.

Believe it or not, I made an error.  This is the page I was referring to, it is a top choice when I type "Bitcoin Difficulty" into google:  https://bitcoinwisdom.com/bitcoin/difficulty

This is what needs to be kept updated.

BitcoinWisdom.com hasn't been updated in months, what the hell is going on here?  How hard is it to update the damn site?  DO IT!!!!!

I have received zero invites in my messages here.  Any pump-and-dumpers out there wanna let me in on a little inside info?

That's not what I said, you illiterate bastard.  I asked the people who are manipulating the markets to share a little information with me so I can get some decent profits for myself, and in exchange I will promise to keep it quiet.

So far no one has messaged me to tell me which coin to buy or sell and when or at what price.

What's the generally accepted procedure for cash in the mail?  I send my bitcoins off to someone on the internet, then cash never arrives?

I bought crypto coins during the winter of 2018-2019 when prices were bottomed out.  So when the next big price surge tops out, I'll have some nice PROFITS.  I've got accounts on several exchanges, like Coinbase, Gemini, and others.  All seem to be reputable with the FDIC banks, and I'm confident I can withdraw my cash from exchanges to banks and then get cash from the banks.

BUT -- I don't think I want the banks knowing all my business, and I certainly don't want to pay too much in taxes.  Some ok, but not everything.

So what are my options for transferring numbers in my exchange account to cash in my hand, nice and anonymous and tax-free like?  I've heard of gift cards being charged up with exchange funds and withdrawn from ATMs.

Any details to share?

No one has sent me a PM to invite me to one of these inside information channels yet.  Looking for the inside track on pumps and dumps to make a few extra bucks here!!!

I mentioned I wouldn't reveal the trades of details to others if I had them, because I presume the person giving me inside info would not want me to.

All that aside, I have not gotten any PMs yet from whales to give me inside info on which coins to buy and sell and when.

Incorrect.  It was 20,000 BTC spread across 3 exchanges, or around 7,000 BTC per exchange.  Not 60,000 BTC.

As we saw yesterday, someone coordinated a 20,000 BTC buy across 3 exchanges all at the same time.  

No big deal, I could do the same thing with my desktop pc and 2 laptops.  But the point is that someone with $100 million to play with is out there working the markets.

And I say good.  Pump the price of all alt coins so I can make a nice profit!

All I ask is that these market manipulators PM me and let me know which coin to buy before they pump it, and when to dump it.  I'm not going to share the information with anyone, that wouldn't be good for my profits!  Thanks!

Anyone know about this?