I do not think it is 'shit' I make good income from it, I like google adsense revenue.
how much? this is the point, if the reveue you earn is very low like the task that you do with bitcoin, those small tasks that pay you shit, it's shit yes as i can see, the only good option to make a real shitload of money is having some luck with youtube, and view |
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One big reason about companys doesnt pay with bitcoin is the volatility of bitcoin as the fact you must exchange your bitcoin into fiat since you cant buy a potato with bitcoin yet.The other side is if you earn 2000dollars and you got paid on that day base ,and next day bitcoin drop you will get pissed as hell,and if the bitcoin up on the next day the boss will get pissed as well soo these are maybe the questions about being paid or not with bitcoinl
That is why you have to exchange your bitcoins to FIAT almost instantly after receiving your payment if you want to to keep value of your wage on the same level. It is not so hard, and 95% of bitcoin accepting merchants are doing it anyway. The good side of it is that you can exchange say, 70% of your wage and keep the rest stored as investment! i would keep everything now that the price in increasing, exchanging now would be idiotic, also you cna use bitcoin directly on various site, so why exchanging and wasting time and money? not to mention that some of those site offer a big discount if you use bitcoin with them, so you save even more money |
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Well, first of all hi to everybody, i'm a newbie in this cryptocurrency thing, so a lot of doubts are in my mind these days.
I have this question, looking here for the answer I didn't found yet, basically the subject says it all.
If bitcoin transactions are irreversible, why some platforms (online wallets, exchanges, etc) need X confirmations to "validate" a transaction?
You answered yourself. Exactly due to fact that bitcoin transaction are irreversible it is wise to wait for at least 1 confirmation of the network. Unless there is 1 (or more confirmations) there is a risk of 'double spending' of bitcoin. Even with 0 confirmations the risks of double spend are insanely overblown. Unless you are paying a lot for something really important, then chances are you can be perfectly ok with 0 confirmations and sleep better at night, certainly better than credit card transactions. The risk is not zero though. Double spends can happen so why not prevent them? With waiting for a few confirmations you stop double spending, and assure you receive the BTC. So I think it's worth it and we will people continue to wait. they actually happened a couple of times, and i remember one of them was with okpay https://bitcointalk.org/index.php?topic=152348.0 |
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you can try with new coin first, if you have a gpu, so you know how everything work, but even for altcoin you need asic, for scrypt especially
other algo like x11-x13-x15 etc, are not profitable anymore, maybe you can find some new algo which is profitable for a short time, but that's it
scrypt coin and btc have somehow the same profit as it is right now, but for scrypt is incoming a true best that will make the clear winner here
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Can someone give a legit site to do some task to have Bitcoin?
they all pay a very low amount, so low that is not worth it, pretty much like spamming captcha on faucets join a signature you will earn more even as newbie |
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no unfortunately, i was thinking of 500+ as a target, 600 like they said, but it was a lie obviously...
i'm trying to do it right now with this second pump, but the price is not moving like the last one, we are again stuck
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I have had an antminer s5 miner on Hashnest which was 1GHs. I liked the service so about an hour ago, I invested 10 mbtc on antminer s3s and have already made 600 satoshi profit!
I have 40GHs of s3s now! At 2200 satoshi per GHs.
Seems that this may have good ROI (so long as the bitcoin value continues to increase!)
how you can buy a so small amount they do not permit it, maybe it was in the past? for pacmic you can put from 1 tera to above and the same is for their hash contract |
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yes if there is a proper signing of the address and the account does not come with trust, to not allow for scamming
they are usually used only for sig campaign at this point
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Yeah, I love it. Basically all the cancers and leeches of Bitcoin joining together and hopefully pissing off to a "fork". VC money and the payment channel leeches have been trying very hard to end cypherpunk Bitcoin for about 2 years in full force. So much drama for a single variable increase to allow more people to use bitcoin. this isn't the case with xt, they are adding other crap like ip identification, and unless they changed that shit, it's very relevant to the dismissing of the xt |
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However how would one enforce people to pay taxes in a decentralized environment? I don't really see that happening. A lot of people would just skip taxes just because they want to keep that money. Government would go bankrupt pretty quick.
Yes of course bitcoin also hav taxes,, because its a virtual currency,, maybe its not much, but it pays taxes bitcoin itself is not taxable, only when you exchange it, and surely for small amount it will be hard to track the owner, especially face to face, just to tax it in the usa they said that even if you pay with bitcoin only they will tax you, for big amount at least, i'm curious if there is someone that was taxed in that way... How would governments enforce said taxes? If I recall correctly big mining farms have to pay taxes in some parts of the world, but even that becomes quite a task if the farm wasn't being honest. It requires tremendous trust to make that happen, one which was taken care of banks before bitcoin. Even if bitcoin becomes traceable who say's those who want anonymous transactions won't move over to a alternative crypto coin. All in all government is pretty much done for if they would try to enforce taxes on a decentralized system. miners like everyone else need to pay the taxes, only on what they convert, to pay the bills or what they want not on the bitcoin accumulated this is true for everyone, they cannot simply taxing the keeping of bitcoin |
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i think paypal have to much online time and have taken title for shopping payment processor
maybe bitcoin come up behind it one day
it's already behind it, easily surpassable  |
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Okay, but the question was not about "weighing" the new devices (s7) against the old ones (s5) in the current conditions in the industry. The question was whether the new miners will be as profitable after the halving as the old miners are today, i.e. before the halving...
To put it differently, will the new equipment make up for the loss of revenue due to halving?
yeah it will, and by a by far, i've done a good post about this in the speculation section, the result was 75 in profit for the s7 even after the halving https://bitcointalk.org/index.php?topic=1255965.msg13083425#msg13083425I don't find that post of yours "good", mildly speaking. You are obviously shrinking from taking into account the capital expenditures. But please don't say that you can sell your old miner to buy a new one. This is irrelevant, since you would still need exactly the same amount of money. It doesn't matter where you obtain the money from if you want to estimate the profitability of a given piece of equipment. You could just save up the amount required off your wages, rob a bank, win a lottery, steal from your grandma, or just sell something else, lol... And you are confusing revenue (income) with profits at that it's a strategy that is always used in the mining scene, selling your miners to buy the new efficient one, i dunno from where you come but it worked always like that, and it's not irrelevant at all no and i'm not confusing revenue with income, the $75 is the net profit per day, the income is the 300+, all clear in that post, which explain well if for capital expenditures you mean the initial investment, this count nothing for big farm, because they can roi on each new equipment ina few hours, since they roied on the other already |
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it will increase , they have no choice aside from the sidechain, but miners are pro the increasing and merchants have no reason to be against the increase since it will help adoption
personally i would simply fork core and increse it to 2 then 4 then 8 and so on, without adding something else
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It seems that your definition of efficiency is heavily lopsided. My understanding of efficiency is entirely economic, i.e. I don't care about power consumption and hashrates as such. All I care is the balance of costs and revenues. In other words, the miner that incurs less cost and brings in more revenue is more efficient (i.e. does more with less) than the one that does the opposite...
That's what all technical parameters ultimately boil down to
my definition is different, talking about the initial investment as efficiency is a no-sense, the efficiency is only related to consumption, and the s7 consume half of the s5, so x2 efficiency The problem is it doesn't in the least guarantee that with an s7 you will profit twice as much as with an s5 given only its half as much power consumption. Initial investment (aka capital expenditure) as a part of fixed costs defines your break-even point. You still have to shell out on the equipment first, whether you love it or not. Your personal opinion (lol) that you can sell your miner is not related to this, and I highly doubt that you will get for it the same price which you bought it at after a few months of operation (and more so before the halving)... Even if you personally will be lucky to sell your device at its original price tag in fact the profit is much higher than a s5, becuse you need also more psu for the s5 since it consume more i've done the math about it and it was highly in favor of the s7 Okay, but the question was not about "weighing" the new devices (s7) against the old ones (s5) in the current conditions in the industry. The question was whether the new miners will be as profitable after the halving as the old miners are today, i.e. before the halving... To put it differently, will the new equipment make up for the loss of revenue due to halving? yeah it will, and by a by far, i've done a good post about this in the speculation section, the result was 75 in profit for the s7 even after the halving https://bitcointalk.org/index.php?topic=1255965.msg13083425#msg13083425 |
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keeps printing the dollars will end up cause a big inflation and we will be all in big trouble (look at the US debt! There are a lot of zeros in it)
well it's what they have done in all those years, they exceeded by a long shot the maximum limit to not cause huge inflation but despite this it seems that this year the infaltion is negative, which is strange |
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a video of your mining equipments, not random fake photo, probably your nation id and everything we need to track you back, and call the police if you escape with our money
nothing else is needed from my point of view
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you should compare that value with other chinese exchange and see if it is not an isolated case, because if it is then i would consider it too much, it could an error or someone playing heavily with the market
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Without altcoins bitcoin would be very low in activity...Without the massive exposure that altcoins bring from big investors, would set bitcoin back a long way. As well as technical issues that altcoins have managed to solve for bitcoin
the marketcap of bitcoin would be bigger without altcoin, because it work like this bitcoin sucks money from fiat, and altcoin sucks money from bitcoin, by heavily diluiting the market |
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Saving money is not easy in this time of future.
We need to pay alot of things. But just save 25% of your money if you can.
you can buy and saving at the same time with bitcoin, just use purse.io there is up to 50% discout which is crazy but even with 15% discount on something expensive like a 4k monitor, you save a lot of money |
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If your electricity cost is low and you can afford from your capital then holding coins is the best option for you. Hold until block halving -or the next big pump- then cashout when the time comes.
he is speaking about altcoin, block halving mean nothing aside form litecoin, and with instamine(not sure if it work at present) electricity work nothign also |
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