i understand that he could be payed to post, there are some user here that without signature earn a lot just by spamming other shit equal to what signature poster post
but is everyone which has a different idea from your a paid shill, now? i see that some members must find a reason to the fact that they are think they are always right and the other are wrong
by this logic everyone could be a paid shill here
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i don't know what you are talking about but big banks don't ever care about bitcoin, bitcoin is peanuts to them, they are more worried about the economy crysis that is affecting the world now
some of them will go bankrupt for sure, this is their primarily concern, and in fact it's risky to save money in bank now, bitcoin/gold looks far safer
even if bitcoin will gather enough attention i'm sure they will find a way to take profit from it, like creating bank for bitcoin only that give interest on your deposit etc....
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regulation, come to my mind first, after all amazon and other are not accepting bitcoin because of no proper regulation, japan did experienced an increase after they regulated and accepted it as a payment
if every government follow what japan did, you can be assured that bitcoin will be successful
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not easy to find specific used 1080 like palit SJS...
I would be happy with any 1080 that has more than 2 years warranty left to local dealer. Must resist, must resist... i need a good cooling card now that summer is approaching, sjs are fabulous in that, very silent also
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And if you yesterday bought lbry instead of 1080ti you would have made 7.6% x $800=$60.80. No electricity costs, no fighting with hardware...
yeah but your gpu isn't worth zero you know, you still have the value of that plus $6 each day No it isn't but it is worth 10% less than yesterday so actually -$80 + $6 first day earnings, first 2-3 weeks just covering losses. LBC nethash is going to catch soon so there are not so many $6 days left. Two used 1070/1080 would be better business. 2-3 weeks are not that much in crypto, your gpu will mine for months, the difference is that with trading you have a big risk of losing if the coin is dumped, with gpu you never lose anything, in fact i never lost anything by mining not easy to find specific used 1080 like palit SJS...
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1080ti single card $6.26 per day And if you yesterday bought lbry instead of 1080ti you would have made 7.6% x $800=$60.80. No electricity costs, no fighting with hardware... yeah but your gpu isn't worth zero you know, you still have the value of that plus $6 each day
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i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you
At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little thank you very much for your info, that to produce 1 btc in a month i need around 66 TH/s and cost of buying hardware of 5 antminer S9to need $10,500 ..wowww it is very surpricing for me and it is very expensive for me. you need to look at the roi time, with the current value of bitcoin, investing 10k is not that bad, because you are looking for 10 months, roi which is standard in crypto if you factor that bitcoin can go to 2k this year it look even better, but thee diff will increase long before that making the possible increase of the value kinda pointless if you can afford those antminer, a good strategy would be to mine until 66% of roi and then sell the asic, they should retain a good price in 6-7 months okey, i want to ask you, if i buy a piece Antminer S9 does it will produce a consistent amount of btc everyday base on the Hashrate production of that antminer s9 . i have calculated using alloscom bitcoin mining calculator that a piece of antminer s9 with 14 TH/s in todays difficuly will produce about 0.006759 BTC everyday, my question is do a piece of antminer s9 will produce 0.006759 btc everyday for me? no it will not produce forever that amount, this is the problem, or mining bitcoin would have been much better, there is something called difficulty, and increase, because of competition between miners, they apparently love to steal each other some bitcoin difficulty now increase 10-20% on average per month, in fact last time i checked the earning for a s9 was 0.008xx now is 20% less or around that "no it will not produce forever that amount" = Okey, i see, it will not produce 0.006759 btc everyday the reason is mining difficulty factor, am i right? "because of competition between miners,= i understand about miners competition, but what you mean about "they apparently love to steal each other some bitcoin"....i dont understand " in fact last time i checked the earning for a s9 was 0.008xx" is this an earning for a day or a month? thank you very much Mr. Amph, for your info it is very clear for me if miners where clever, they would sit now on the same amount of coins generated per day, but since they are greedy they add hash power to "steal" bitcoin from the other if for example there are only two big farms mining, and both are doing half of the total emission coins, which is currently 1800 btc per day, it mean that each one is mining 900 now one of these farm is more greedy and want to mine 1000 coins per day, this farm then add 10% hashrate and begin to generate 1000, while the other only 800, this is what i call stealing because then the other farm will do the same, and they are again mining 900 each, but guess what, the consumption is now higher, they are now, only killing their own profit... unless the value keep increasing of course and in this case it won't be "stealing" anymore
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i'm not doing any solo with that hash but according to the calculator around one week with 4 peta and two weeks with 2 peta
this one week and two weeks with bad luck can be easily extended to 1 month or more, better to solo only if you can find a block per day, to reduce variance, which require a bit less than 30 peta
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i've alwasy thought the same, everyone nowadays run a big badass end gaming computer, what a full node should do to this beast? nothing also with the last cpu you can run a full node easily, and the IPS around the world all give 10-20MB already as a minimum unless maybe you are in third world country or something Quadcore from 2008, 8 gigs of DDR2 ram, 1 TB 7200 rpm, 9 mb internet connection. If they raise the blocksize to 2mb i will probably give up on running a node because today I can deal with it but I cannot be bothered if I have to download twice the amount and store twice the amount. Let alone higher blocksizes.
Not everyone here is wealthy, some of us are modest working class guys. Its not in my plan to upgrade my computer, it does everything I need just fine. I will also be dumping BTC when I cant run my own node, since if you cant run your own node then bitcoin is pointless (by the time I will have upgraded, but the moral of the story is, conservative blocksize is preferred so as much people as possible can run nodes).
How much do you actually earn with solo mining? I thought it's not profitable to do solo mining? only in bitcoin, soem altcoin can be solo mined easily, but not that profitable either, still they give a decent return some times
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the impossibility to know how many users there are go together, with the enhanced privacy that bitcoin give over fiat, this prove the pseudo anonimity already
i remember that not long time ago the numbers was estimated around 3 million, based on lost coin and other factors related to exchange and identification, right now i believe it's much higher due to india, japan joining in heavily
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mining is done to add transaction to the blockchain which then need to be confirmed, miners ensure the security of the network
miners mine new generated blocks, that is generated every time the previous block is solved, and they are rewarded for this of course, with an amount that is halved every 4 years
i still feel that satoshi should have come up with somethigng different than fee as a way to keep the mining reward forever, which is causing all sort of trouble with capacity, and also i would like that node are rewarded for their support
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i believe satoshi said something like, lost coins are considered a donations to the other users holding bitcoin, and i agree with him, it only make bitcoin more rare and more valuable
i also concur that if many(like the majority let's say 0%) of these coins were lost, it could start a trouble, because then you really need to increase the supply, as there would not be enough bitcoin for everyone
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my opinion on this is that the value of bitcoin should be equal to the one needed to secure the nertwork by miners, since miners are the "guards" you need to pay them
this payment is the true value of bitcoin, anything below that and the network will fall and begin to be unsecure
the minimum value should be no less than the one needed fro an antminer to pay for the consumption and earn something for the miner
now you need 5-6 antminer to have the same revenue of one antminer in the past, this is due to the diff that keep increase, this is no different than having a single antminer consuming 5-6 times more....
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i'm selling if someone want, don't ask for stupid cheap price like 1000 satoshi
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i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you
At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little thank you very much for your info, that to produce 1 btc in a month i need around 66 TH/s and cost of buying hardware of 5 antminer S9to need $10,500 ..wowww it is very surpricing for me and it is very expensive for me. you need to look at the roi time, with the current value of bitcoin, investing 10k is not that bad, because you are looking for 10 months, roi which is standard in crypto if you factor that bitcoin can go to 2k this year it look even better, but thee diff will increase long before that making the possible increase of the value kinda pointless if you can afford those antminer, a good strategy would be to mine until 66% of roi and then sell the asic, they should retain a good price in 6-7 months okey, i want to ask you, if i buy a piece Antminer S9 does it will produce a consistent amount of btc everyday base on the Hashrate production of that antminer s9 . i have calculated using alloscom bitcoin mining calculator that a piece of antminer s9 with 14 TH/s in todays difficuly will produce about 0.006759 BTC everyday, my question is do a piece of antminer s9 will produce 0.006759 btc everyday for me? no it will not produce forever that amount, this is the problem, or mining bitcoin would have been much better, there is something called difficulty, and increase, because of competition between miners, they apparently love to steal each other some bitcoin difficulty now increase 10-20% on average per month, in fact last time i checked the earning for a s9 was 0.008xx now is 20% less or around that
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it's true that the L3 isn't a bitcoin miner, but nowadays everything can be turned into a "bitcoin miner", just mine on nicehash, you will get payed in BTC directly, it's really no different than mining bitcoin directly
the only difference is that you are not supporting the network of bitcoin, but another one, and btw the L3 is not available until june, due to the fact that bitmain screweed up the value and the roi time was to short, they are now mining with it of course
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i searched for this for months, i was in need to find someone to host some rig, with almost no electricity, but the problem here is always one, trust
and escrow can't work, because you need the money to buy the stuff, and surely i can't escrow a rig, also the one who is in charge of the host can always run away at any time or still your profit, and you can't do anything
the onyl thing that might work is, sending the money to the hoster(escrowed), he buy the rig or asic with his own pocket money, then the money in escrow will be released slowly, each time my roi time on those machine diminish
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i'm lucky that i don't like coffe, and i don't do microtransaction basically never, unless we are talking about food, but even then you can buy food in bulk
with bitcoin i think i'll do every shopping online in bulk, with a minimum threshold far higher than what i'm doing with visa this should at least alleviate the problem a bit
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altcoin are definitely helping bitcoin more than trying to overtake it, you can see that with all the alt, there are more money involved in crypto
also some alt attracted tons of investors in the past like doge coin for example, they are a good magnet for newbie investors that are approaching bitcoin world
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with all the bots there are there error like this can happen, some of those bots can trade with virtually instantly and soem times some order are made with almost no volume
this is not the firstcase that soemthing like this happen, well not that drastic, but ti did happen when bitcoin was at $400 and returned for a second to $150
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