interesting article for newbies like me

Over the centuries, gold has been considered as an object of value by many different groups of people all over the world. It’s important to note that gold in itself has no value - it’s just a piece of shiny metal. Its value comes from the (somewhat perplexing) fact that everyone just agreed that it has value, and therefore it becomes valuable. The reason they chose gold versus other objects is important - gold has certain characteristics that make it a better ‘store of value’ (as it is commonly known) than other objects:
For one, it is rare, which means it has limited supply(there is only a certain amount of gold in the world - if it was too abundant everyone would have it and then it would have no value). It is malleable (it can be melted and made into smaller units i.e. coins, and importantly the per unit value doesn’t change when you break it into smaller pieces, unlike things like diamonds). It is stable and doesn’t degrade, it’s easy to recognise and very importantly, difficult to counterfeit.
As it turns out, Bitcoin has all of these same characteristics, and more. It has limited supply (only a specific amount of Bitcoin exists and will ever be produced). It can be made into smaller units without losing unit value (1 Bitcoin = 100,000,000 Satoshis - the smallest unit into which a Bitcoin can be broken down to, similar to the cents in a Dollar or pennies in a pound; this is also why one can buy less than one Bitcoin at a time). Its technology makes it very stable, it won’t degrade, and it’s impossible to counterfeit. On top of this, and unlike gold, you can move Bitcoin to any place on earth within minutes, no matter how big or small the amount. That’s why many people say that Bitcoin is not just digital gold, but a better version of gold.
On top of that, Bitcoin has value as a payment system in itself, which gives it even more value. The more people use Bitcoin for payments, the more valuable this system becomes. It’s a bit like buying shares in Visa and then using those shares to buy a coke at your local 7-11. Because you used the Visa shares to pay, Visa (the payment system) becomes more valuable, and Visa shares become worth more. In this way, the value of Bitcoin comes from both its gold-like characteristics as well as its payment system abilities.

marketshare is something i had not considered ... thanks

loud ....  hahaha me and my mate will find out come end of Febuary ... due to go in his cellor

makomako thanks for the help I appreciate it


is that something that you do ?   maybe on nicehash

from the reading i have done (lots) and reaading peoples posts ect ... it seemed to me that there was no point in mining Altcoins , but why would so many people do it if it was pointless , hense the thread question

when you says its easyier do you mean easyier to get started    and/or more effient in turning over BTC coins than asics machine

thanks for the reply Troy

***  And finally, while BTC is a coin meant to be used as a currency, not all altcoins are the same. Many have a purpose, application, goal for the future. Alot of people simply believe in the projects and mine to support them.

thats a good point and a fair one ...    believing in the projects and supporting them does interest me ... profit does aswell though

i bought one M3 on order ... still very much interested in alt coins and i think i missing atrick somewhere

lots of folk on the forum seem to play there cards tight to there chest with their mining activities

        Mining Altcoins Vrs Mining Bitcoins


What is the benefit to mining Altcoins over BTC

Why do people mine for altcoins. I dont see much profit in mining Altcoins, with the kit you have to buy for decent hashrate why would people not just buy asics kit to mine BTC

Please if anyone could explain the basic benefits of mining Altcoins, much appreciated

Sounds fun and I good place to start. Promising

Please put me down for a a few for Europe Region

interested , please could you send me info ..i'll message you back when my 2 available message a day replenish

I e mailed them to ask if I could buy ten ( being deluded I wanted to ask in case they had stock )

Hello ********

Thanks so much for your inquriy.

For your information, all the orders must be placed from our shop page: www.pangolinminer.com/557-2
The maximum order quantity is 5pcs for each batch, and payment only accept bitcoins, sorry for any inconvenience.
We will release new batch next time, please subscribe to our newsletter for getting latest information. https://mailchi.mp/d32431804546/pangolinminer-subscription


On Tue, Jan 9, 2018 at 4:07 AM, TEAM PANGOLINMINER

apologies going off topic a tad

https://pangolinminer.com/   are limiting next batch to 5 units per person which is a good shout to help how things seem to be 

putting aside power is there any value machines that have the TH/S .... do you personally run any GPU set ups

thanks HaggsFIN for taking the time to compile the detailed review, helpful comments in this thread and other hardware threads for that matter

thanks to Phillipma1957 for the video's and comments on this thread and again helpful comments in other threads

as a new starter in the UK yet to buy the reviews and comments really do help and give a bit more confidence.  when trying to buy for the first time it feels like every firm is/could be a scam and trying to rip you off

I would love to buy 10 x M3 's as they fit the bill, my budget, seem excellent value Vrs other machines

if anyone has any advice on similar priced alternatives please give me the heads up. I have been researching for couple weeks....... still any advice is v.much appreciated in getting set up!

Group buy from c.uiniverse or Canaan ?   ( in UK also )

Will the PSU for the A741 work with the 821