I do have experience buying used miners and I bought it just for fun it is Zeus Hash with 1 MH Scrypt. Short answer Is profitable? the short answer would be no. is worth it? no, unless you mining just for a hobby and paid full electricity from your own pocket. Long answer is profitable? it could be if you rent your rig to https://www.miningrigrentals.com/ and sell it @ high price but the chance is slim to get picked. is it worth it? yes if you have free electricity and mine solo maybe you get luck and take home lot of money |
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1. It is located near Ulaanbaatar, the capital of Mongolia.
2. Electricity rate $0.02/kwh (floating)
Sounds like a great plan, cheap and stable energy is the best foundation to get started. However, let me just take into account the halving coming in less than a year for your profitability calculations. is actually a good plant but the Electricity rate is floating and like you have said next year is halving so the OP should need an efficient miner so he can back the Break-even point in less than a year. Oh also don't forget about reliable internet connection 1. very obvious advantages, why there are not many farms there?
2. Is the Mongolian government trustworthy?
3. Stable coal supply electricity and the government recognizes bitcoin mining as a legal industry.|
if like you have said "government recognizes bitcoin mining as a legal industry." why you have to worry about if legal just fill the gov. paper and start doing your business. Im rarely know there is farm in Mongolia but i do hear farm in kazakhstan |
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I agree with this You can earn by holding bitcoin if its value increases.
Looking for other ways to earn from Bitcoin will lead you to fall for scams which takes your coins and offers you promises or staking rewards.
Tho if you still want to take the risk there is dozen app out there that provide Bitcoin staking especially the Centralized Exchange. CEX with Earn program usually had Bitcoin Staking but you must know the risk. Secondly staking on third part on Decentralized Exchange but it carries risk too that you need wrapped your original bitcoin to wrapped version on destination chain that carries risk of being de-pegged so the better choice is only have it on your wallet |
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All these Bitcoin Spot ETF applications...   Update :   Mr gary seems dont like the bitcoin etf |
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The end of 2024 maybe we can see the bull run happen maybe start from November to December 5-6 month after halving mini bull run will occur.
The only different between 2021 ATH and 2017 ATH is the percentage from the previous ath occurred at 2017 the bitcoin only up around 200% tho it still crazy number
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I've never heard that bitcoin can be frozen, because bitcoin is different from the stablecoin which can be frozen from a smart contract.
Yeah bitcoin can be frozen in centralized exchange. |
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the everyone's dream was that bitcoin would touch the 100K at the end of 2024 hahaha. But my dream is simple get a passive income from the Bitcoin tho is not the simplest right hehehe I just vote, but why there is no one pick illegal stuff because some of crypto usually buy for some illegal stuff  |
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Can DEX Replace CEX as the Future of Crypto Trading? My answer will be NO.
Because both of them has plus and minuses I know that a lot of people said that Centralized Exchange is bad and we don't have control over our money but in some government only Cex that can comply with government I mean as a "legal" exchange while Dex will not going to get the license because they are basically decentralized
Tho to country who ban bitcoin and there is no rule about crypto Decentralized Exchange will always be the number one exchange that comes to privacy and security.
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I have never used Bitcoin ATM although I watch different from youtube videos on how to use it and In my country bitcoin ATM did not exist back in 2014-2015 there is one or two in Bali but I don't know if today still exist. Although would be great if we can use bitcoin atm so we can deposit and withdraw bitcoin very convenient. Tho the last time I hear the news about bitcoin ATM is one of the biggest operator in the US is trying to IPO and the thread is here - https://bitcointalk.org/index.php?topic=5458190 |
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Neither Senior or Junior it will contribute to bitcoin or crypto ecosystem the fact is cryptocurrency is still at early stage this is a new technology so we need dozen of people to join the network.
but maybe one thing is sure in future junior crpyto will get a lot benefit from the senior crypto but of course the junior crypto will keep evolve the network for better ways
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Hahaha, Life is self actually gambling mate  full of risk and we want hope of a desired result. Just like you said and also life basically a game that involves money.  But seriously if you consider crypto is gambling that stock and other investment platform is another gambling right? |
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In addition to knowing everything, they may also want to collect taxes. Isn't that what most governments wanted to do all along? They also know that P2P cannot be blocked. Let's say there are 100 people and they heard the news. If 90 out of 100 people do what they are told, it means both auditing and tax. The remaining 10 people can transfer as they wish. I think that's the point.
Yes, on the bright side, there is no ban on Bitcoin.
Yes totally right in my home country Indonesia Crypto is considered like a commodity and there is a government that ruled them and the benefit for the government is they collect taxes from the company's profit and from the traders and the bright side is no ban on Bitcoin. Win-win solution like this that we need to another country:D. But yeah P2P will not ever be gone |
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radiation??? (facepalm)
asics do not produce radiation. its jsut the amount of electric flowing through metal circuits so fast it heats the metal.. the same as a coffee kettle or any electric heater operates..
Yeah I just thought it will be harm to our body like I heard on the internet that home microwave is actually emit radiation to cook our food but after I quick search "Microwaves are non-ionizing radiation, so they do not have the same risks as x-rays or other types of ionizing radiation." - https://www.fda.gov/radiation-emitting-products/resources-you-radiation-emitting-products/microwave-ovensSo probably it will be going safe to use but will take a long time to heat the cold water |
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Bitcoin ATMs have been widely spread around the world that support Bitcoin. in the US there are also Bitcoin ATMs but some are also not operating.
There may be feature updates from Bitcoin Depot which will be launched on Nasdaq on July 3.
Yep, its already spread if the company really going to the Public they will get "fresh cash" from the Initial Public Offering maybe they can even expand more. But I hope a company like this expanding to outside the united states For example, it would be great if they can expand to our home country Indonesia right , I think bitcoin is fully comply to government rule since the function is only buy and sell right |
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why hasnt the SEC gone after all the BSV influencers
They will not ever come to BSV influencers because BSV is not a security and besides that, the BSV is the original of Bitcoin the satoshi vision they will not ever get chase by the government here is the update |
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I am amazed at the number of mixes that come from Russia, is the demand for cryptocurrency that high?
Maybe like Icopres said that many countries that speak Russia is a lot or the high demand after dozen of sanctions from the West and people do not want their assets got freeze or get tracked Privacy first  |
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I think the idea of using ASIC miner for the heater is not new I found a similar post in the Bitcoin Mining Section and I also found on the internet like this image shown below.  and its pretty much a good idea though because heat from the miner is a waste of energy and if we can use it properly it benefits us Interesting, now can anyone clarify if this is safe to use on the human body? Is this healthy? Also do you think it makes sense to decide to use your Asic miner to heat up your bathing water when you can follow the normal everyday routine?
But I am also curious about this one since the heat maybe contain some radiation |
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If they really approve of cryptocurrency as a regulated financial activity it would be a great great news. Maybe there is one or two exchange than need to be under government license that need KYC but if this happen it will huge impact rather banning the crypto for no reason.
If UK approve crypto and example Bitcoin ETF this will huge leap since UK is a great country in Europe maybe other country will start following.
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