I don't think most women are going to be thrilled with getting a gold or silver bar. They much prefer it to be in the form of jewelry, which comes at a high mark up. Throw in a few shiny stones and a blue box, and they'll be even more delighted. |
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hello all,
how much money miner make from mining btc vs bch?
pretend lightning networks works well for btc, then miners wont be needed for btc network? bc mostly transactions would be done off main chain?
then most miners will mines other coins, whichever coin that generate more revenue?
This sight should help. https://whattomine.com/asic. Since BCH now retargets every block, profitability is pretty close to parity with BTC these days. if mining profits similar in Btc and Bch, then why transaction costs much more in btc, yet slower? basically, people paid more in btc transactions than in bch transactions, so where the extra revenue goes to if miners make similar profits? Some people mine to speculate on future performance. Some people mine to accumulate their favorite coin. Some people are just brand loyal. Not everyone mines to dump for fiat, ASAP. |
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R0ach only advocates that you buy the actual bullion, not pieces of paper. Therefore, your argument isn't going to fly.  Tungsten. R0ach actually favors silver over gold. So the Tungsten argument is only going to be dismissed. Why don't you suck roach's dick too?   Spouting off Roach's trolling talking points as if any of them were "insightful" or relevant to this thread (except to the extent that such relevance could show that PMs are old school and likely to be largely surpassed and surplanted by the many advantages of crypto currencies - especially the one that matters, our little friend, bitcoin).  I'm only reminding everyone of the same old tired arguments that have been used. So FUCK off. No wonder lots of people have you on ignore. That insult you just lodged at me really triggers me. Who do you think you are telling me to go suck someone off? Don't even bother responding. I have you on perma-ignore now. Not going to be insulted by a snot nose kid. |
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hello all,
how much money miner make from mining btc vs bch?
pretend lightning networks works well for btc, then miners wont be needed for btc network? bc mostly transactions would be done off main chain?
then most miners will mines other coins, whichever coin that generate more revenue?
This sight should help. https://whattomine.com/asic. Since BCH now retargets every block, profitability is pretty close to parity with BTC these days. |
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After all, I find it really strange that all I need to do is have a conversation in the same room as my Iphone and all of a sudden, the google adds match what I was discussing. Apple denies this, but it seems to have happened to me way too often to be a coincidence.
Are you serious? Holy crap. I know those in-home smart devices like Amazon Echo and Google Home are for sure doing it. Which is why I will never own such a device. Just never heard of an instance where phone is capturing voice like that off-calls. Wouldn't surprise me though. A scary invasion of privacy and personal security. Yes, I have had a conversation with my partner about a local restaurant we enjoy. No google search on any device. No recent posts on social media about the restaurant. Suddenly, up pops the ad on Facebook for this restaurant. (Not a national franchise.) May be a feature of the Facebook app though. But if a Facebook app can do it, not sure what would prevent any other app from doing it as well. Or even the firmware of your Iphone. http://www.dailymail.co.uk/sciencetech/article-5200661/Is-phone-listening-word-say.html |
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I don't own a cellphone.
As if we needed any more proof that Roach is the man we need for the 20th century. Isn't it clear that R0ach's main goal is to disappear off the grid when all hell breaks loose? That is just not possible with a cell phone. After all, I find it really strange that all I need to do is have a conversation in the same room as my Iphone and all of a sudden, the google adds match what I was discussing. Apple denies this, but it seems to have happened to me way too often to be a coincidence. Plus, it is quite possible to track you, even if you have the location service shut off. All you need to do is make the mistake of actually using the thing, and they can triangulate your position. |
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R0ach only advocates that you buy the actual bullion, not pieces of paper. Therefore, your argument isn't going to fly. Tungsten. R0ach actually favors silver over gold. So the Tungsten argument is only going to be dismissed. |
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Because Bitcoin is digital gold
Let me get this straight. You're telling people that centralized, valueless, imaginary tokens are better than gold and silver, yet in order to try and trick them into believing you, you're forced to use the word "gold" in your sentence and claim that bitcoin is "gold". Talk about bad propaganda. You're right, gold isn't even gold anymore, because the thing it used to be has been completely destroyed by Central Bank manipulation. Bitcoin is a "digital commodity." Gold is just a shiny rock dug up from the ground. There, fixed. For all intents and purposes, gold and silver still work as perfectly fine as ever. The term you're looking for is rehypothecation. Lots of people who believe they're holding gold or silver hold none because the bank has rehypothecated them and given them worthless digital numbers instead, so the only people who hold any type of value are the ones who hold physical in their possession, while everyone else has been robbed by the bank. Yeah, they give you a piece of paper and say yes we are holding your gold, and then you feel safe....WHY!!!!! I buy a bitcoin, I can track it monitor it, etc etc etc on a trusted ledger this is beautiful R0ach only advocates that you buy the actual bullion, not pieces of paper. Therefore, your argument isn't going to fly. |
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That with coinbase is their own stupid fault they chose to inefficiently store the transactions making it more expensive to move they are welcome to go and bloat the BCH chain as much as they want with their incompetence these sort of things should be punished and not rewarded Bitcoin is a useless coin that can not be spent, I laugh in your face haha BTC is not "useless." It can actually be used. It's just overly priced to use at the moment. If you are willing to pony up the sats, you can get your transaction confirmed in a relatively short amount of time. I will concede that it's not frugal at all to use BTC at the moment. But if you are a spendthrift, then it's great.  |
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bcash joke of 2017, I wonder if peoples are really buying it
Yes, people are really buying it. There are many people who are on the side of bigger blocks to solve the scaling problem. Given the state of the other chain's current tx backlog for about a month or more, many more are looking at bigger blocks as a more expedient solution. Yes, Blockstream is working on rolling out LN "soon;" however, there are people who actually want to use BTC to pay remittances and engage in transactions for goods and services, today, and can't wait for "soon." Furthermore, if a small investor wants to buy just 100.00 in BTC, this is not practical anymore. They either have to leave their coins on the exchange or pay an exorbitant fee to transfer safely to their own private keys. Yes, I realize one could buy Ripple or LTC or any of the other upteen shitcoins. However, less merchants accept these shitcoins as viable payment alternatives, and if you are paying employees with remittances, which employee is going to willing accept these shitcoins as payments? Furthermore, why should a small investor that just wants to wade their toe in the water be relegated to doing it with shitcoins? |
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i am seriously considering no more cloud mining, whats the point of mining if in time i have less "cripto" i am mining when i want to sell the hash, its good when the new machine are at stock, maybe also now *big maybe", but i am so scared investing any little mini cripto, if not only to make some scalp *but also dangerously when want to withdraw and not possible", seriously i think it aint worth it in present time, am watching on the sidelines...
You are definitely correct. In retrospect, I would have been better off buying the LTC and HODL rather than using the LTC to buy L3 hash. |
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Yes, they start with funds on both exchanges. They execute the trades... and now they have to transfer the funds the other way around.
They could only avoid that when there is also volatility on the spread, and can go +5% to -5%... so they just do the inverse trade... BUT that's usually not the case, and spread remains for a long time. Remember the usual +10 / +15% of Mtgox in its last months?
In fact, arbing is all the time hapenning in all exchanges. The spread you see is usually the point where they consider it is not worth for whatever reason (they are dedicated to that activity, so they must know better).
I really wasn't around for Mt Gox. It was before my time. I was aware of BTC, because I mined it for charity with my GPU in 2013. But ASICs killed that project. In 2014, a BOINC project came up that allowed use of ASICS. I noticed the price of BTC kept going down during that time. I didn't decide to just try and mine for myself and play around with BTC and alts until November 2014. |
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Any particular reason why Arb bots are not buying BTC from finex and selling them on Bitstamp, Gdax and Gemini. Surely a spread of 5% plus that Finex had for quite some time would be worth it. I would think the arb bots would be bringing these markets closer together. What is Spoofy up to?  Bitfinex prices are not real USD but USDT, which is at this moment 2% over USD. That reduces 5% to 3% profit. Also Bitstamp doesn't do USDT. I think Gdax and Gemini neither. That 3% is probably not worth arbitraging in a so volatile moment like this and Bitfinex adds too much third party risk over other exchanges (which also have some third party risk). Lastly, you can only do that once if you have the funds already in both exchanges. After that, you need to transfer the funds, pay tx fee's, wait for only god knows how long until the exchange release the withdrawal and it gets enough confirmations on the receiving exchange. So... in the end a theoretical 5% spread is not that much when all factors taken into consideration. I thought the arb bots don't actually transfer coins via exchanges very often. I thought they have both assets on both exchanges and simply make the exchanges simultaneously on both exchanges. For example, I use my USDT on Bitfinex to buy BTC and at the exact same time sell some of my BTC on Bitstamp or Gdax. The only time that I would have to worry about transfers is if the supply of one of my assets is low on one of the exchanges. My understanding was that arb bots do not do"all in" trades, but many small trades, so they don't get stuck having to transfer assets too often. |
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Any particular reason why Arb bots are not buying BTC from finex and selling them on Bitstamp, Gdax and Gemini. Surely a spread of 5% plus that Finex had for quite some time would be worth it. I would think the arb bots would be bringing these markets closer together. What is Spoofy up to? |
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It is possible to synthesize silver with modern equipment, though. Although I concede that the production cost would end up being magnitudes of order greater than any value received. Our civilization would have to be on the Dyson Sphere level to even come close to making that economical.
I think the fact that years ago, everyone knows that solar energy requires massive amount of silver and yet silver failed to stage even a meaningful rally is quite bearish. Even China, which is on Silver Standard for a millennium and was one of the largest silver producer in the world (still is), doesn't care about silver. It just means that silver has been demonetized. A study on why something would be monetized (like bitcoin) or demonetized (like silver) is an interesting topic in itself. But now days, I just give away those silver maples/eagles as souvenirs. Pretty much no one has a clue on how much these lovely coins are worth. As for Dyson Sphere, I suspect that if they are ever built, they would be for powering bitcoin hashing rather than synthesizing silver at the rate we are going with hashrate. If silver is required for solar energy, than a Dyson Sphere would need lots of it. You can't build massive solar collectors (which are what dyson spheres are), out of Bitcoins. |
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Silver can be produced through the s-process in larger stars and can also be produced in normal supernova through the r-process. The two neutron stars colliding is just an extreme way to get the r-process going.
Unless you plan to hold a cup out on earth while standing in the blast zone of a supernova raining down on you, the semantics of that equation are not so important concerning the mostly closed ecosystem of this planet. It is possible to synthesize silver with modern equipment, though. Although I concede that the production cost would end up being magnitudes of order greater than any value received. Our civilization would have to be on the Dyson Sphere level to even come close to making that economical. |
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I'm talking about above ground investment grade silver that can be delivered to market. You're talking about so called "deep storage" silver, which isn't even economical to extract. Even so, you referenced (the largest below ground silver reserve in the world?) and it's only $60.8 billion. But that's like saying trees aren't valuable because I saw a tree over there we haven't cut down and dragged to market yet.
It requires two neutron stars colliding to make that silver, so unlike the tree, once that largest in the world silver reserve is gone, you aren't getting another one. And mostly unlike gold, civilization actually needs that silver to function and uses it up all the time. It also might take some astronomical time span like 20 years to extract the silver you referenced, and might cost an order of magnitude higher silver prices for it to happen.
Silver can be produced through the s-process in larger stars and can also be produced in normal supernova through the r-process. The two neutron stars colliding is just an extreme way to get the r-process going. |
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It was no joke, I actually did the calculation:
Current Bitcoin price: $15.000
Reasonable Average Lambo Price: $300.000
So for 1 BTC to be worth $300.000 we would need a 20x
If you have a somewhat fragmented wallet you can end with a $100 fee right now for "premium delivery". Note: You are a Lambo purchaser, so you don't want to look cheap, you go for premium of course.
$100*20x=$2000
Well, I have seen good condition second hand Fiats for less. So, there you go, 1 Fiat fee for a 1 Lambo purchase.
P.S.: Some figures slightly rounded for easy of comprehension. Some additional factors that could worsen or alleviate network congestion not taken into consideration. No animals were harmed during the making of the calculations. This is not investment advice.
I do not know whether to laugh or cry. I also do not know what to expect at this point: whether to accept the situation and resign myself to thinking that bitcoin has turned into digital gold and money from large financial institutions, or to continue waiting for some "solution"; and I'm not just talking about LN, because if we continue like this, inevitably opening and closing a channel will cost $ 1000 in fees. If I spend all of the BTC that I have in a channel, I don't need to worry about closing it. That would be the other guy's problem. No? LN is not for HODLs. It's for people wanting to either use it as a cheap and easy arb channel or because they want coffee. I definitely wouldn't HODL my BTC in a LN channel. Are you kidding? |
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2 billion oz above ground silver = $32 billion
bitcoin market cap = $242 billion
Come on man. Peru alone has 120,000 MT of silver reserve. That's 3.85 billion troy ounces. I think your numbers are way off. The "reserves" are not above ground, yet. |
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