despite your hate towards me i'm still mining at your pool, i have no grudge toward you, maybe your should improve yourself other than the miner
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this soon will change, the pattern cant hold up for ever, many traders will get burned
what if they are not trading but just buying? since japan accept bitcoin as a payment, they could be the oen leading this pump by buying to use bitcoin mroe thna their currency yes a dump will occur but hwat matter is that the value will keep climbing eventually Does anyone have a link to a graph that shows the growth of the market cap of all altcoins (maybe including bitcoin) over time. The information is available for most coins, but I'm looking for something that sums the market cap of all coins over time.
https://coinmarketcap.com/charts/
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doubling your money in fiat against bitcoin is easy, just hold, what is hard is doubling your bitcoin, which would lead to 4x in the same of holdin for getting more fiat out of it
the only way is with altcoin, mining or trading do good if you know what you are doing, what i do is following the hype of some coins, if you see that many jump in an ANN and the attention is where it should be you knowthat soemthing will happen for that coin
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I think there are other option than mining bitcoin because the difficulty right now is too high since the price of bitcoin is increasing i think mining bitcoin is a good idea but depends in your electricity consumption. My other opinion is to mine altcoin instead build your own rig high gpu and high cpu specs and mine altcoin like monero..
the problem with altcoin mining is that while 'tis more profitable it does not support the bitcoin network make it more resilient to various attack if oyu have 5 cent electricity you can mine bitcoin, chinese mega farm can mine with that electricity and have their profit another bad part abot altcoin, if you want to go big, is that you would increase the diff and compete against yourself, there is not this problem with bitcoin, unless you want to invest billions and billions which i doubt everyoen here have...
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that is something that belong to you, since you were the first one to ignore me, ignoring someone else is childish in my view
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please go away
i'm letting you know about this errors, seems that it was ignored or maybe undiscovered
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not getting this with 1.8.3
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seems that epsylon is not aware thta JHA is broken in his last version, i get memory errors when i try to use it
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I solo mine as it's cheaper than the lottery and better odds, plus it's fun!
yeah but it pay way less than the lottery and you need to invest in your asic you know, therefore i can't see how it is heaper than the lottery, when i can just go outside and buy one for 5 euro with a potential winning of 500k euro or more but i agree that mining is more fun, i do it for this reason, it's remind me of gaming sone times
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Of course you can always lie to the IRS and pay less in taxes than you should according to their regulations.
If you do not get caught then all is well - you are a winner!
If you get caught then you lose and you face:
Paying the taxes anyway Paying interest on all the taxes you did not pay Paying huge fines Going to jail for tax evasion
This is true whether you hide income and capital gains using gold, Bitcoin, good old fashioned US dollars or any other means.
the point is that they will never know, it's more easy to hide with bitcoin, especially if you hide your coins in other altcoin, simply impossible for them to trace all that shit with gold it's far more easy to get caught, everythign about gold or fiat is traceable, cash the same, people think that cash are anonymous, but they are not, to get cash you need an ATM which is traced everything that run on visa or mastercard is traced I wouldn't bet that your Bitcoin transactions are quite as hard to trace as you think. As soon as you have done a KYC verification somewhere, your info is in the system. They can track the coins, I mean that is the point of the blockchain! Once you get into alts they will get you by auditing exchanges. We are lucky in Germany that if you buy and hold for 1 year, tax isn't an issue. I think tax could be what destroys bitcoin in the future, it is so complicated for businesses. i just never expose my address in the public if i was serious about hiding my identity, i'm not now, i don't care i was just giving an example if for example i want to purchase something i would use every time a new wallet(not a new address) that hold only a tiny fraction of my total bitcoin, those coins would come from mining not purchase on exchange and if you mine all your income is very anonymous, esspecially with altcoin and their anon features
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That's a 7-fold increase, congratulations. Hope you had more than just $7 in BTC at the time elsewhere. That would mean even bigger profits.
not to mention, that while is good to just hold bitcoin and waiting for the value against fiat to increase, it's never a good thign to let your bitcoin sit there do nothing, that is losing money invest them in crypto or in mining and make more bitcoin out of them it's a better strategy, you can easily end with 100x in a certain time frame
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i see a nice pattern here, remember the last ATH? was in 2013, a year after the first halving 50 to 25 in 2012, now a year after the second halving we had a second ath $1700+
would not be so unlikely to thin that in 2021 there will be a new ath , perhaps above 10k, after we make rock solid this one, and we have plenty fo tiem for that to make the market grow
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A chinese btc holder Da Tou ( if translated literally, menaing" big head) shared his story, saying once you jumped in the world of cryptocurrency, there is no returning back. u spend time and energy, but still can't figure out what’s going on with the market. It is so complicated and so bizarre. He locked himself at home studying bitcoin all day. http://news.8btc.com/cryptocurrencies-are-sirens-luring-you-to-a-journey-of-no-returnhe said the point of btc is that it helped open a door onto a whole new world for us. Crypto markets are the same as every market: If you want to make money you have to buy low and sell high. Simple as that. not really the same as other market, for example you can't buy cheap stocks like you can with altcoin, and do 100x without any risk basically one good example was XCn that was priced at 10 satoshi now 150, with 0.01 which is only $15 or so, i would have made 15x easily, these coins are always bound to increase they are a target from many investors with stocks and forex you only play on the spread, which is boring
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No its not him
He doesn't have a face of satoshi
you know how the face of satoshi is? last tiem i've checked satoshi is still anonymous, and no satoshi isn't japan just because his name is satoshi... while i do believe that Carmack isn't satoshi either, we have no real proof who satoshi actually is also satoshi was tagged as a group of people, just a code name for that, there is in fact no proof that he is was alone, i think he was not
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Anything new about relaunch ? I will fully support !
sweepstakecoin is the relaunch
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May not be a big deal it looks like it is just a bit better then the Nvidia 1070
How are you judging that? It reportedly uses 250w vs a 1070's 150w, but at twice the tflops (I admittedly have no idea what that may or may not mean for mining speed) It does look like they will be at least somewhat near in price though. I compared it on the bench tests in the link above. It was close to the 1070. Granted like you I am not sure a bench test is best to determine how a card mines. usually that is a good indicator even for mining, just compare all the bench of the previous card and see hwo they perform in mining, it's the same, but there can be few exception like with ETH
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i think it's not worth the offer for now, i woudl wait for the next asic generation before taking in consideration bitcoin mining, there more valid better option to choose over bitcoin mining now
which give a far better return and have far less consumption, which again is a pain in the ass to handle, due to the cost of cooling and big infrastructure that you need for a farm
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The 51% actually just gives you a higher possibility to mine a block before everyone else.... So that attacker may have the opportunity to hide the newly mined block, make changes to the block, double spending or start working on the subsequent blocks earlier etc.
You can actually perform the attack with any % of hashing power lower than 51%, but the probability of success decreases with less hash power. This is why BU will not HF with a 51% hashing power, but 75%.
those attack are only possible with some lower numbers of confirmations like the finney attack, they ar enot possible with 6 confirmations, but 51% ensure a proper attack even with 6 confirmations
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one huge difference is probably that with a business you are obliged to declare your income to the IRS if you are in the USA, with casual mining not so much
i don't think they will ever check a random dude running a single antminer s9 in his mommy basement...
the other is releated to the cost and a proper place to run the miner with proper cooling solution, there is a huge investment to do with the business way
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Of course you can always lie to the IRS and pay less in taxes than you should according to their regulations.
If you do not get caught then all is well - you are a winner!
If you get caught then you lose and you face:
Paying the taxes anyway Paying interest on all the taxes you did not pay Paying huge fines Going to jail for tax evasion
This is true whether you hide income and capital gains using gold, Bitcoin, good old fashioned US dollars or any other means.
the point is that they will never know, it's more easy to hide with bitcoin, especially if you hide your coins in other altcoin, simply impossible for them to trace all that shit with gold it's far more easy to get caught, everythign about gold or fiat is traceable, cash the same, people think that cash are anonymous, but they are not, to get cash you need an ATM which is traced everything that run on visa or mastercard is traced
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