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not goig to happen, japan is buying bitcoin like no tomorrow, this alone will make the current value the new bottom, add that segwit is winning against bu and you have a clear piccture of what boost we may have in the upcoming months
there are high chance of a new rally for $1500+ than going lower again for the third time to $600, which would only consolidate the value and make it even stroger, but the past experience taught me that we need only to touch the value two time to make it rock solid
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I don't think that high price of bitcoin is possible to achieve and even if it does then there will be very people who would be holding their coins as most of the users will sell their coins even if it hits $5k in near future.
not really true, a very high value of bitcoin mean that the distribution is spreading correctly, therefore i the value increase to 1M it mean that eveyrone is holding a fraction of bitcoin which is better than what we have now with many guys holding 100k coins and other holding zero, bitcoin must increase in value to ensure that everyone will have some of it |
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No, no they aren't always there. There aren't Decreds laying around. It's getting lucky once in a blue moon. That's why it's such a big deal when someone exposes one of those coins, because there aren't that many of them and when one of them craps out, you're subpar earnings for quite awhile. AMD has niches as well in addition to much more solid everyday earnings.
I like how you have no idea how many 'niche coins' there are, but you're sure AMD has 'less of them'.
Emission rate isn't everything. I thought you would've learned better Amph padawan. If a coin emits $10,000 a day and has enough hash on it that it's completely saturated (like SIA), it doesn't matter. Emission is also heavily dependent on volume. If a coin is value really highly, but doesn't have buy orders to back it up, it doesn't matter.
Yes, you literally gave the definition of a 'lottery'. Mining random coins hoping one of them ends up big is literally gambling.
yes they are always there, you can find new shit coin each day, some are worthless other not, and yes i have checked all the coins that have a value on all the exchange, like cryptopia and coinexchange etc plus the ann thread each day i'm prefectly aware of all the coins in existance that have still some value, and only zero is pro amd for now(because no nvidia miner...), all the other are better to mine with nvidia emission rate is everything to know if the coins is worth mining, what sia have to do with my argument, stop talking about big coins that can be dual mined, they have zero value for me and worse profit than what i'm mining now, much worse than what you call "lottrery coin" also for emission rate i mean emission rate in bitcoin you know not in the amount of coins itself, if a coins have 2 btc emission rate, it's clear that it have the buyers that back it up, if there is no volume it has not that emission rate of course.... btw mining all the shitcoin, isn't gambling, because it's assured at 100% that some of them will have a value, and the value of few of them will be so huge, that even if the other are worth zero it doesn't matter You aren't the only one that sorts coinmarketcap by Volume or looks at the most traded coins on exchanges (all of which relate to volume). That's not hard to do. Emission rate just talks about how many coins per day are put out. That doesn't include market price, market volume (buy/sell walls), or difficulty. No 'emission' isn't everything. SIA is a coin that has a high emission rate and large trade volume, but hashrate is very high so it doesn't matter. Emission != Volume. I've talked about volume many, many times in this thread. If you're talking about emission that's different from volume. Instamining IS NOT the same as mining a shitcoin. Very different things. You still have to compete for coins with difficulty. Instamining is trying to get around that by getting in first. There are plenty of coins that never gain any sort of value and there are plenty of people who randomly mine them just like you. there is no instamining anymore, the only thing that you can do now, is earlymining, which mean mining a coin with no exchange and wait for the pump(or do private trading which are always profitable), which happen at least on one of these coin that you mine talking about emission rate make sense only if there is volume of course, that was implied in my post, if there are no buyers, the coins is dead You can instamine any new coin. Simply get on it when it launches. Not all coins ramp up either. There are plenty of shit coins. Yeah, 'implied' that you meant a completely different word instead of another over pages of posts... Nah. You can also have volume and no emission (Joincoin for example). They both matter, just as much as difficulty does. Volume which I've talked about for ages in this thread is a pretty good health indicator, but not the only one. dude you can't anymore, all the alt now have zero reward on the first blocks, where ever you been lately, i think you are not watching closely the ann for small coins the emission rate matter more, even with low amount of buyers i can dump for higher profit than other coins and leave that coin quickly |
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i won't simply do it at this point, there is no real room for profit, too much competition, and too much money to invested for a little gain, it's better to buy bitcoin directly with the money you would invest in your farm
adn these large mining operation need in the first place, a large building with proper cooling solution and dissipation, which alone cost already too much, also yes it must be build near an idro generator to have a rate lower than 0.5 if possible
the mining with bitcoin is a dead horse, your only way now is to buy few miners just to have a rounded income added to your salary, but not as a main income
I rather have a few hundred thousand invested in a gpu farm then a few hundred thousand in s-9 gear. Antminers suck they break. Avalon 741's are good they don't break but the use a lot more power. I could run a 100 rig gpu farm with ½ amd gpus and ½ nvidia gpus. My guess is over the next year it will be better then asics for btc yeah i concur, the bitcoin network is as secured as it get, no place for casual mining all is in big farm now gpu are now producing the same amount of bitcoin that all the bitcoin nethash is producing per day gpu are not limited to a whole day production based on reward like with the bitcoin emission, but based on demand, which mean that there is a chance to have a very high profit if bitcoin keep growing i feel like bitcoin should have remained with gpu, would have a better distribution now |
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the worst case would be a split, on which you can dump 2x the amount of coin, nd destroy the value of bitcoin, no one would hold in a "double spending" scenario like that Market will determine their fates, right?
What is the worst-case scenario? Are they acceptable to you?
Miners will determine their fates and chain with major support will survive while minority will suffer from 51% attack for several times Miners would be irrelevant I mean miners from the opposing camp after the split comes about. It is actually not about whose... chain is longer. If you were a miner you could continue or start mining any chain of your preference, and as long as you won't be alone, there shouldn't be any issues with that. After the split a new altcoin (or just coin) will be born, and their paths won't intersect in the future. In fact, the chains could be reemerged later but that is said to wreak total chaos in Bitcoin and unless someone is actually looking to kill Bitcoin, that's unlikely to happen either well miners can attack the short chain and make it irrelevant, so miners being irrelevant is a moot point, they always retain their power, unless you chage the algo, but you are effectively making an altcoin And how are they going to attack it? When they would (should) be busy mining their new longer chain to keep it longer? As soon as they start attacking the shorter chain their own chain may become shorter in a very short time, and then their attack is set to lose while their efforts ultimately wasted. You seem to look at only one factor while in reality you should consider all relevant factors and take into account all possible combinations of them as well as their interdependence. This is not to say that my assumption is right, I just point out where yours has gaping flaws it depend if they have 76% they can direct 26 % which is higher than the remaining 24% and do a 51% to the short chain while maintaining a 50% on the longest which is more tha enough to avoid any counter 51% attack |
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i think people realized already that they can live on bitcoin, but the point is that until their government accept it as a currency they are not going to risk possible task evasion and all the other unsecurity that come by using it in fact you see by the time the japan government accepted it the masses which is what matter, started to use it more btw that girl had 1000 btc, imply that japan are buying en mass, which is nice boost tot he value, they are probably leading the market right now I'm glad this experience wasn't one of those "no, I must only spend directly from Bitcoin to Bitcoin" types of deals that others have done only to conclude that Bitcoin is difficult to spend.
Living on Bitcoin means having bitcoins and spending them. Even if you need to go through third party services.
I imagine if someone were to do an experiment of "I'm only going to spend dollars" and use actual cash they would experience more limited options. Some places in the US do not accept cash anymore.
yes but i can't see the reason to use third party you can easily use bitcoin with only your core client, you can scan qr code from there and pay anyone like the girld did |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
It makes no sense because Altcoins keep springing up but all of them one way or the other forks part of Bitcoin and if this scenario continues I doubt if any could replace Bitcoin but they can exist as good coins but not to take the place of the premier coin. Yes as we know that bitcoin is the first and master crypto currency and all other coins are the copies of bitcoin then how can a copy replace its original. It is hard for any of other crypto currency to replace bitcoin and to become the first crypto currency of the world. Bitcoin is like the founder of cryptocoins, there are many crypto currency out there because bitcoin. Without bitcoin, all cryptocurrency will never happen. But, i think bitcoin can be replaced by another cryptocurrency IF something bad really happen into bitcoin. Other popular cryptocoins will rise and replace bitcoin like Doge, eth, dash and many else. Just look at the value of bitcoins and compare it to those altcoins and those altcoins are not anywhere in the list to compete with bitcoins so I don't think that any altcoin can be that powerful that can replace bitcoins in near future. ETH is pretty big to be honest, 1/6 of the marketcap of bitcoin is no joke, if another big coin like ethereum start to be used like a currency i could see bitcoin in danger to be replaced or at least not the standard the facto anymore it's all coem to the usage and merchants accepting the new currency, which is tied to people first using it more and the marketcap, which attract interest from merchants and other business |
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Visa is neither fast nor cheap
right. i don't think many people realise the amount of time and steps that it takes for a visa payment to end up as real cash in the merchant's account.  it's a real shame bitcoin is such a hard sell to consumers, because for merchants it's almost perfect. People are idiots and don't understand actual confirmation in VISA takes several days yet they cry and complain about lightning network being "too centralizing". Go figure. We could beat the entire banking industry with segwit+LN+sidechains but a couple idiots are blocking progress. not several days but months, because you can do chargeback up to 180 days, which is insane compared to bitcoin they can't udnerstand that the electronic money they see coming fast on their bank account are there because there is a guy changing a little number on his computer for you that numbers has zero value, and the real money connected to it come much later, but to speed this process up they do this trick |
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many where thinking about strating their own forum for bitcoin, but the truth is that even the messaging of bitcoin is centralized, because everyone post here in the end
maybe if you can add something that we can't find here, little niche things like a like button for example or an ignore that ignore even if you quote someone else that quoted that ignored user, etc...could at least attract some users from here
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private pool is mining this, nethash too big to be only gpu, 100% baikal miner are in
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a new even stronger gpu from nvidia, how greedy, i'm curious about the hashrate on zcash, should be near 800 sol, which is insane, but still the price is too damn high even for that hash |
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immagino che anche per il mining non ci sia da dichiarare è esatto? anche perché sarebbe assurdo considerarlo attività di impresa, perché chiunque può avere accesso oggigiorno a 1-2 rig di gpu e scaricare altcoin per bitcoin...
forse la cosa cambia se uno si fa una farm grossa...
A parer mio l'attività di trading (intesa come compravendita di bitcoin contro altre valute al fine di generare dei profitti) e il mining sono soggetti a tassazione. Per quel che mi riguarda ho chiesto al commercialista di considerare come inserire i profitti avuti su Simplefx e 1Broker (forex in bitcoin) assieme agli altri ottenuti sui broker in valuta, anche perché altrimenti avrei avuto difficoltà a giustificare alcuni trasferimenti da Kraken. ma se ha appena detto il contrario, scambiando bitcoin non sussiste tassazione ne dichiarazione, e lo dice l'ADE, non pinco pallino Guarda che bisogna sempre distinguere se questi generano un reddito o no. È un discorso simile al forex è ovvio che generano reddito, è implicito, dal momento che hai fatto arrivare soldi sul tuo c/c dall'estero hai generato reddito perché hai venduto per generare plusvalenza, a meno che tu non sia stupido e vendi in perdita... |
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immagino che anche per il mining non ci sia da dichiarare è esatto? anche perché sarebbe assurdo considerarlo attività di impresa, perché chiunque può avere accesso oggigiorno a 1-2 rig di gpu e scaricare altcoin per bitcoin...
forse la cosa cambia se uno si fa una farm grossa...
A parer mio l'attività di trading (intesa come compravendita di bitcoin contro altre valute al fine di generare dei profitti) e il mining sono soggetti a tassazione. Per quel che mi riguarda ho chiesto al commercialista di considerare come inserire i profitti avuti su Simplefx e 1Broker (forex in bitcoin) assieme agli altri ottenuti sui broker in valuta, anche perché altrimenti avrei avuto difficoltà a giustificare alcuni trasferimenti da Kraken. ma se ha appena detto il contrario, scambiando bitcoin non sussiste tassazione ne dichiarazione, e lo dice l'ADE, non pinco pallino |
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immagino che anche per il mining non ci sia da dichiarare è esatto? anche perché sarebbe assurdo considerarlo attività di impresa, perché chiunque può avere accesso oggigiorno a 1-2 rig di gpu e scaricare altcoin per bitcoin...
forse la cosa cambia se uno si fa una farm grossa...
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Unlikely to happen. Bitcoin would need the scaling debate to end with a beneficial result for the price to exceed 2k, let alone 3k.
not sure, i think the block limit debate is not really hindering bitcoin value at the moment, with the recent japan acceptance of bitcoin as a currency, the value could skyrocket without reaching any consensus on the block size also the value could increase without people moving more coins, i mean there isn't really a correlation between number of transaction per day and the bitcoin value, especially at these low stage of value, perhaps this could be more true above $10k... |
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No, no they aren't always there. There aren't Decreds laying around. It's getting lucky once in a blue moon. That's why it's such a big deal when someone exposes one of those coins, because there aren't that many of them and when one of them craps out, you're subpar earnings for quite awhile. AMD has niches as well in addition to much more solid everyday earnings.
I like how you have no idea how many 'niche coins' there are, but you're sure AMD has 'less of them'.
Emission rate isn't everything. I thought you would've learned better Amph padawan. If a coin emits $10,000 a day and has enough hash on it that it's completely saturated (like SIA), it doesn't matter. Emission is also heavily dependent on volume. If a coin is value really highly, but doesn't have buy orders to back it up, it doesn't matter.
Yes, you literally gave the definition of a 'lottery'. Mining random coins hoping one of them ends up big is literally gambling.
yes they are always there, you can find new shit coin each day, some are worthless other not, and yes i have checked all the coins that have a value on all the exchange, like cryptopia and coinexchange etc plus the ann thread each day i'm prefectly aware of all the coins in existance that have still some value, and only zero is pro amd for now(because no nvidia miner...), all the other are better to mine with nvidia emission rate is everything to know if the coins is worth mining, what sia have to do with my argument, stop talking about big coins that can be dual mined, they have zero value for me and worse profit than what i'm mining now, much worse than what you call "lottrery coin" also for emission rate i mean emission rate in bitcoin you know not in the amount of coins itself, if a coins have 2 btc emission rate, it's clear that it have the buyers that back it up, if there is no volume it has not that emission rate of course.... btw mining all the shitcoin, isn't gambling, because it's assured at 100% that some of them will have a value, and the value of few of them will be so huge, that even if the other are worth zero it doesn't matter You aren't the only one that sorts coinmarketcap by Volume or looks at the most traded coins on exchanges (all of which relate to volume). That's not hard to do. Emission rate just talks about how many coins per day are put out. That doesn't include market price, market volume (buy/sell walls), or difficulty. No 'emission' isn't everything. SIA is a coin that has a high emission rate and large trade volume, but hashrate is very high so it doesn't matter. Emission != Volume. I've talked about volume many, many times in this thread. If you're talking about emission that's different from volume. Instamining IS NOT the same as mining a shitcoin. Very different things. You still have to compete for coins with difficulty. Instamining is trying to get around that by getting in first. There are plenty of coins that never gain any sort of value and there are plenty of people who randomly mine them just like you. there is no instamining anymore, the only thing that you can do now, is earlymining, which mean mining a coin with no exchange and wait for the pump(or do private trading which are always profitable), which happen at least on one of these coin that you mine talking about emission rate make sense only if there is volume of course, that was implied in my post, if there are no buyers, the coins is dead |
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i won't simply do it at this point, there is no real room for profit, too much competition, and too much money to invest for a little gain, it's better to buy bitcoin directly with the money you would invest in your farm
and these large mining operation need in the first place, a large building with proper cooling solution and dissipation, which alone cost already too much, also yes it must be build near an idro generator to have a rate lower than 0.5 if possible
the mining with bitcoin is a dead horse, your only way now is to buy few miners just to have a rounded income added to your salary, but not as a main income
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so the more you consume the more you pay, it doesn't look like expanding your farm would be a wise decision with that rate of electricity that get bigger
also a sigle anminer s9 is already consuming 1000kwh per month, which make your consumption with the highest rate based on your post, and it's clear that it's not profitable for you
it's better if you start looking at the altsection, where you can have profit even with 0.2 cent electricity at least if not more, there is definitely more margin there
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i don't trust who is supporting bitcoin only for his own business and profit, you can't trust chinese miners as they primarely reason to exist is to milk yuan from bitcoin
there fore you can't trust their signaling for BU, what is left to trust? only core, but i'm always open for better proposal like the extention block for example, which on paper look better than segwit+LN
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if i was a government i would enforce the rgulation of bitcoin instead of banning it, bannning it doesn't make anything for me, instead regulating and makign people pay tax for me can increase my income as a government of any country
would be stupid for them to miss this opportunity and ban their own new way of revenue, they could also tax big farm with additional % because of business income
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