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what is your electricity rate? this will make the big difference here, if 5 cent then yes, go for antminer s9, you will roi fast and a good profit is awaiting you after that
if it's high better to look at a mining rig in the altcoin section that can be profitable even with 50 cent electricity
i would not suggest to buy over mining ever, especially with current profit, only someone who can not do mining because of other reason like space very very high electricity etc, would do a wise decision by buying instead
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wow 0.15 BTC/month?? woow
i read it was 1BTC per 3 months... this 0.15 makes 1 BTC every 6 and a half months.
I'm evaluating to start a Mining Biz here in Chile but according to the new difficulty factor you can get 0.15 BTC per month.
With that and the high cost of electricity here 0.18kW i was estimating arround usd$300 in electricity per unit (Antminer S9) per month... and with 0.15 BTC a month you get arround usd$350...if everyting works perfect......
something wrong in your math, if an antminer s9 consume 1.4 kw/h for 24 and for 30 days, running this thing, you will end with 1000 kw/h per month 1000 kw/h at 0.18 cent each, is only $180, the miner make $400, so you have $200 net of profit, which is 6-7 months for roi |
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The reason why they are saying that Bticoin is a garbage? Is mainly because the rapid population growth of these Altcoins, for example ETH has been the top Altcoin now, and there are rumors that ETH will soon replace BTC. But that's not the case because BTC has already been using in countries that have already accepted it as payment. Why are you saying that BTC is a garbage?
Altcoins aren't going to replace bitcoin. And there is no "rumour" that suggests that ethereum is going to be the "new bitcoin". All it had done is simply come close to bitcoin's market capitalization which in my opinion will probably not be the case in the near future as more and more people move their funds out of ethereum and into bitcoin in search of better liquidity and trading opportunities. He has some good points in his article, but they are not properly researched and it's extremely biased coming from a central bank supporter as their author. Its a realistic possibility that one or several altcoins will become bigger than bitcoin, but I agree with you in one area and that is that it doesn't and won't replace bitcoin. In my opinion there is room in the market for them to be bigger than bitcoin and work alongside it. several? uh i don't think so, only ETH is big enough to pose a threat, but still ETH is not suiteds for daily used, it's more of a "support" coin for me that would help the grow of other coin, in fact many coin are based o smart contract for the ETH platform |
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well who buy bitcoin know thta bitcoin is in an unfinished state, some thing are needed to fix the current issue, so who is willing to buy, should not care much about fee
the majority also buy for speculation and not for usage, i guess bitcoin now work well for purchasing expensive item, so you can't feel the weight of the fee
also work well online on purse io because with the discount you can save a lot and it would be like avoiding the fee
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pow diff = 48? are you serious? unminable
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no sense to buy if [add something here]
Hahahaha, no sense to buy. If and but and then some more buts and ifs... southern mathematics. you pay those xcn the cost of your electricity which is far lower than buying on market with bitcoin
Miner is always late. Always. well almost everyone here have 10 rig right? everyone here already roi'ed with his rig, minus newcomers which doesn't matter i'll make an example, when xcn was at 20 satoshi, with 10 rig you could have mined 1 million a day, instead of buying the same amount for 0.2 btc or $500 i would have paid only 1 day of electricity to mine that 1 million...which is basically free coins |
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hmm I sold 20 000 000 Verge @ 3 satoshi 1 year ago.
I saw it peaked at 200 + a few days ago..
Now trading @ 145 satoshi. Around +5000%
Crypto histories, we never know what is gonna happen. Even if you held such amount of this altcoin, you just couldn't sell / dump all this into exchanges, there would be not enough buying orders to you, a trade bot would be applicable. that's why it's better to hold everything, and risk to lose on 99 coin, but then get 5000% return on a single one PS. speaking about 100x, pallas is currently sitting on something very interesting.
XCN? If polo or bittrex list it again, we can se a spike in the price.. ...and 100 days later it is 100x against btc and 250x against usd. $400 invested in a gpu 100 days ago 100 x $8= $800 $400 invested in xcn $400 x 250 = $100,000 Butbutbut you can always sell that gpu to gamers... no sense to buy if you have a big farm running already that hit roi multiple times your comparison doesn't make much sense you pay those xcn the cost of your electricity which is far lower than buying on market with bitcoin |
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seriously dude,100k/week?many people can got 0.005/week from faucet
500k? i'm not usre it's even possible with a rotator, mayeb only if you have a bot or you pay someone to solve the captcha like 2captcha, that have a very low cost for solving captcha in the past was possible to do 0.01 a day but the value was way lower, the faucets were paying more, but only with a bot not manually maybe you are talking about that coin that allow you to "mine" with solving captcha, was called raidblock or something? that was very profitable not long time ago |
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assuming everything goes well, in the next halving the value would be stable at $10k at least, like we are now perfectly fine at $1k, there is no way we are going lower than that anymore
there is a theory behind which the value will increase tenfold each halving, and i find it reasonable and in line with satoshi's prediction
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i'm not very sure about the possibility of reducing criminal activity, if anythign with bitcoin criminal activity are increasing, but other than that the thing that are certain, with full adoption, is that bitcoin would allow for less cost overall One major financial problems we have in all our society is criminality and greedy. Bitcoin and others crytocurrency can resolve this problem by using this great technology to reduce crime and criminality. Cashless society do reduce physical attach on attempt to get fiat from the owner.
Cashless society will be more controlled by the government. It's bad. If people would speak out against the government is enough to turn off the Internet and people will not be able to even buy food. The more non-cash the greater the demand will be for gold. not if you use bitcoin, which is the reason of this topic, and the government can't turn off the internet, it doesn't work like that, there are law that are above what the government can do, unless you live in a dictatorial regime country |
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This could explain why hashrate is coming down overall according to bitcoinwisdom... Quite unexpected, but there's probably going to be another farm built soon. Difficulty will drop a little and go back up.
the chart on blockchain don't show any drop in the diff, there must be a very small farm there when they shut down, will not put any dent on the diff, and besides other faarm will keep adding machine the diff at this point will never go down, unless antpool shut down his farm or whatever, also with the two weeks adjustment, you can't probably notice it, if they can setup again new machine in two weeks |
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Since I see that you are a noobie. Iam going to reccomend you do not do this.
Search up how much the difficulty rises on coins. You will see it is very unprotittable to mine coins. It is almost always better to buy the coins right now and hold them for awhile.
With mining the difficulty goes up every 7 to 10 days for bitcoin. Say the difficulty goes up by 10%, your 100TH miner is now only mining at 90%. Next difficulty happens, now your 100THs is like 75%.
What I am saying is, when you have 100TH and difficulty goes up, it is harder for your 100TH to get the same reward. If you were getting .1 BTC every day you are now getting .09. Next update happens you are getting .075, then .06 then .045 then .033 then .02. You usually will lose money due to this. Each time difficulty goes up your reward goes down, which means you have to keep buying mining equipment. Your electiricty cost will soon become more expensive than your mining profit because you don't live in china where it is cheap.
you are pointing it to altcoin, but he is talking about bitcoin mining, and no it's not unprofitable to mine bitcoin or altcoin, otherwise no one would mine it's the opposite it's more wise to mine than buying but not everyone can do this so there are investors, if the diff go up it's because there is a huge margin on profit currently, with the very high value of bitcoin the bad thing about asic mining is tht you need to stay always competitive by adding other asic, with gpu is different you can stay there with 1 rig forever and have the same earning |
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Still no one on the dev team considers this an issue?
I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..
Blockchain.info now has 2 different fee modes to send, both of which are high.
Ethereum will take over Bitcoin if this keeps up.
So sad that the dev team are not doing anything about it. It has been an issue for the high price for every transactions we make. And we'll never know too, if and if Ethereum will take over Bitcoin and will become over populated do you think this issue won't happen all over again? they are doing what they can but the ultimate decision is based on consensus, not on centralized team behind bitcoin that decide everything, and the OP is forgettign that ETH also has under the table a thing like raiden network that will work like the LN this mean that they are not in a position to de-throne bitcoin without any addition Still no one on the dev team considers this an issue?
I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..
Blockchain.info now has 2 different fee modes to send, both of which are high.
Ethereum will take over Bitcoin if this keeps up.
yeah ethereum the best way for make a transaction for right now. its only about 2-3 minutes. not accepted in any shop like bitcoin, therefore having a cool time on tx means nothing to me, it's a useless coin for now |
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If this is true it is theft,how can a company decides to close down the account simply because they are from one particular state,they must warn the users and let them withdraw the coins and ask them not to use it rather than closing their account and stealing their coins,this is the main reason why everyone is telling to keep your coins in your own wallet and never trust any web wallets.
they can if they find suspicious activity, maybe some of those account were stolen or they were using stolen debit card falese bank account remember that coinbase is in touch with IRS, you can't cheat there, i think they are just investigating |
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I know a lot of people think "whales" do this. But I am not at all convinced. I have met with many of the largest traders and I assure you they do not do foolish things like this. Wealthy people did not get their money by buying low and selling high. There would be a slim chance that the price would fall low enough for enough time to buy back. The far more likely outcome would result in a loss.
Now why on Earth would I take that risk? Especially with an asset that is growing hundreds of percentage points per year. It is not logical and pros ONLY act logically.
i also agree on this, but only with the current situation, i think in the past whales, were actually doing what the thread is about, because it's was very easy to manipulate bitcoin back then, the market was small now it' different it's no possible for a single entity to do anything on the market, so eveyr crash from now is genuine |
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litecoin doesn't make sense as a threat for bitcoin, litecoin has been here from many years and never was a threat, the real threat is ETH, which is the only one that in the future can do well against bitcoin
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can someone post me trhe last binary with no issue?
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decentralized services actually don't have any cost, take open bazar for example, the cost are near zero, you just download the client and buy stuff that other user sell
trust can also be overcome with the right escrow, always in open bazar they use one, this is also no different than calling an esrow to sell or buy items here on the market section
i believe decentralization is the future, everything eventually will be decentralized
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not falling just price correction, i'm not selling or anythign i'll simply wait the value to return where it was, bitcoin is only at the beginnign now, holding is the best strategy you can have for the time being
just buy more on the dips, and take your cheap coins, before we jump again at $3k, also with the current massive adoption you can't really go wrong with bitcoin, it's the safest and the most lucrative investment you can have
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