chinese big farm use electricity that derivate from green source like hydro power plan, therefore they don't need themselves to run with green energy and it doesn't make sense anyway How do you know that? As far as I know, there are not many hydroelectric power stations in China (even despite the Three Gorges Dam being the largest power station in the world). According to this Wiki article, 73% of Chinese electricity production in 2014 came from burning coal. But coal-fired power stations are one of the most polluting electricity generating plants out there (even without taking into account the purported global warming) since coal is radioactive on its own there was a documentary on youtube where a big farm wa talking about how they are near a big dam and can have a better contract than other place, with very cheap electricity obviously not all of them use green energy but some yes, and remember that not all chinese farm are in china, they have different dislocation |
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The simple answer is no - in all countries that I know of. However, you do need to pay transaction fees for miners.
The simple and complex answer is absolutely yes. There may be a few places like Dubai where you may not have to pay taxes. But almost every country in the world has a tax that covers bitcoin. I don't know where people come up with this notion that bitcoin is not covered by tax law. Here in the U.S. all your money is taxable. If you found a dollar on the sidewalk you would owe tax on it. It's that simple, a gain in money triggers a taxable event. sure if i found a random dollar on the street is taxable, actually this is a bit stupid because in some country of europe they don't tax you for a small sum like that, like they don't tax the homeless people that receive 1 dollar a day by begging but let's assume that they are taxing even few cent, this is not equal to them knowing that i have found that cent which is simply impossible, thus i'm not obligated to declare anything if for them is impossble to find out |
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the price seems to not be affected too much, panic sellers learned they can't dump and pump forever for the same shitty news
i guess this regulatio was expected it will make bitcoin going better in china, after all this is solved the value should increase more above $1k
also if you see the volume on chinese exchange it did recover already, therefore chinese are not taking care too much about, they can still trade and leave their btc there...
Last time the price tanked after Coindesk wrote an article a few hours after it was on the forums. yeah ok, but don't look at the past look now, the price is increasing instead of being dumped panic sellers never learn and they are never going out of this market and when one goes out 10 new come in.
the difference now is that the panic sellers aka weak hands are flushed out of the market and they have not bought back in at higher prices yet. let there be a rise or a longer time of stability then we see them again.
which means that it will not possible for them to sell at these ranges by now, make the same trick at a higher value it's common for those accumulators |
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deep cold storage is the only option if you have a large amount of coins, it's mean securing the coins from real life thief too not only online hackers
i generally like more the usb stick where i directly store the wallet.dat, and own many of those usb in case of a failure, then you can put them in anti-magnetic box and bury in some secure area that is only known by you...
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Starnge situation whith cuda pascal mining. Run proxy, run miners for videoadapters, catch a block, and long silence for a next block... (low diff - pascal light). Again - run proxy...... catch a block - i think proxy for cuda have a bug...
you mean that you hit a bock faster if you restart the proxy every time? or just bad luck i suppose... |
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do you have low electricity? with that amount you can easily buy around 12 rig, and with cheap consumption it's possible to generate around 2.4 btc per month
but you need proper cooling and something like 10kw of power to run this little farm, i'm somehow interested in a partner because i have high electricity
if i could find someone to host my rig it would be good, but the trust is an issue, we need to overcome that
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you can say that it was for christmas but i can say that it was a delayed increase for the halving, the halving just happened few months back, it's not so difficult to think that it was related in someway
you have then that christmas helped of course and you can add all the other mini news that added up to additional increase
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i'm curious about how they are going to handle all the cash in the world, in fact removing cash from a single country isn't going to do much, you can always exchange your money with cash from another country pretty much like bitcoin if it isn't done in all the countrie it will not work, and governments are not tht good at working together.... a better alternative to pieces of paper, such as Bitcoin.
Bitcoin is fully traced with white and black lists and not fungible, which also in turn makes it a permissioned ledger. Bitcoin essentially is a part of the war against cash and against freedom unless someone magically makes it fungible overnight. No, not optional fungibility mixers or sidechains that "authorities" will claim is laundering, but fungible by default. only transaction are traced the sender unless he reveal his identity with a purchase or a dump is not traced or at least not all his bitcoin are traced |
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not worth the investment unless you can go very big, it's centralized as it get and not casual anymore
for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time
we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...
seems you have very high kwH cost at your place yeah but even with 5 cent you are still looking for a very long roi time, you need to factor a 10% diff increase if not more going small and buying one s9 for example doesn't make sense to me, making few satoshi and wait 1 year to recover the initial investment if ever it's better to buy bitcoin and wait for the value to skyrocket, much easier |
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like its war against drugs or radical Islam and was willing to spend upwards of a trillion dollars over the next several years to combat it?
well decades later radicals still exist and so do drugs. do you need more proof that governments cant do anything properly, thoroughly, effectively and permanently? but you forgot that drugs do not have "mining", every altcoin and bitcoin that rely on pow can be disrupted easyly by a terrorist attack this is the Achilles heel of this world, without minign you have effectively destroyed every alt, well altcoin are harder to destroy because they have gpu all over the world, not 2-3 big farm in china but still possible to cut a big hash there too |
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the price seems to not be affected too much, panic sellers learned they can't dump and pump forever for the same shitty news
i guess this regulatio was expected it will make bitcoin going better in china, after all this is solved the value should increase more above $1k
also if you see the volume on chinese exchange it did recover already, therefore chinese are not taking care too much about, they can still trade and leave their btc there...
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Bitcoin is based on math what secret can it have? you are talking no-sense, the only thing satoshi might reveal if he still alive is that he is working on bitcoin 2.0 or upgrade or a very nice feature to solve all btc issues
besides this i believe satoshi is dead, because i see no reason for him suddenly disappearing and not reappering now for a crucial moment where we need help to fix the scalabitlity for example
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I think it might be a good way to mine for people who already have good devices, but I'm not sure if it would be worth investing in equipment to mine it. I would like to hear feedback on this, and with regard to electricity costs. Is anyone getting good results?
It depends on your individual situation...if you're looking to mine and dump or looking to hold if you think BURST is going up (I do). Personally I had about 12 TB available already, my computers are already on 24/7 anyway...it's as close to free money as you get for me. About 4 months of mining and I'm at about 100k BURST (I'm holding). that would give you less than 0.02 per month after electricity but i suspect the calculator online is wrong so it's actually less, therefore you are not making an amount that different from a faucet... Not sure how you're doing your math but it's 12 TB not GB in my example...which has yielded about 100k BURST in a little less than 4 months. At current rates that's over $80. well i was right, $80 in 4 months is exactly $20 in 1 month = 0.02... I guess I'm not following what you're saying then. .02 is 2 cents usd? we are in bitcoin forum i only refer to bitcoin here, with 0.02 i mean 0.02 btc of course |
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I think it might be a good way to mine for people who already have good devices, but I'm not sure if it would be worth investing in equipment to mine it. I would like to hear feedback on this, and with regard to electricity costs. Is anyone getting good results?
It depends on your individual situation...if you're looking to mine and dump or looking to hold if you think BURST is going up (I do). Personally I had about 12 TB available already, my computers are already on 24/7 anyway...it's as close to free money as you get for me. About 4 months of mining and I'm at about 100k BURST (I'm holding). that would give you less than 0.02 per month after electricity but i suspect the calculator online is wrong so it's actually less, therefore you are not making an amount that different from a faucet... Not sure how you're doing your math but it's 12 TB not GB in my example...which has yielded about 100k BURST in a little less than 4 months. At current rates that's over $80. well i was right, $80 in 4 months is exactly $20 in 1 month = 0.02... |
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Is profitable ? how mutch with 1 gtx 1070 @ day .
gtx 1070 standard clocks, and standard tdp. (With the best config I've found so far.) Etherum only: $1.09 (27MHASH) Etherum+pascal: $1,46 zcash: $1.44 With tdp of 80% I get 8% more poweusage with etherum+pascal. with tdp of 55% ethereum+pascal does $1,12 @ 95 watt.. mining is approaching another dead time it seems, i think we need a reset, there are too many miners |
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I think it might be a good way to mine for people who already have good devices, but I'm not sure if it would be worth investing in equipment to mine it. I would like to hear feedback on this, and with regard to electricity costs. Is anyone getting good results?
It depends on your individual situation...if you're looking to mine and dump or looking to hold if you think BURST is going up (I do). Personally I had about 12 TB available already, my computers are already on 24/7 anyway...it's as close to free money as you get for me. About 4 months of mining and I'm at about 100k BURST (I'm holding). that would give you less than 0.02 per month after electricity but i suspect the calculator online is wrong so it's actually less, therefore you are not making an amount that different from a faucet... |
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central bank aren't building their own bitcoin with centralized blockchain? they are not going to buy bitcoin because of this
if they are going to buy bitcoin anyway it would icrease the value dramatically depend on the amount they are investing
the only reason for them to enjoy bitcoin is to make it more centralized and have something that people already recognize instead of doing it all over again with their bad own bitcoin copy...
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do not start a btc lending only if you know what are you doing, otherwise you'll get scammed by a ton of people.
easy avoidable by requesting the corret collateral, and maybe avoid account as a collateral and only request altcoin for example, the best oen that do not lose value quickly i would say that with escrow account can be still good to accept as a collateral |
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not worth the investment unless you can go very big, it's centralized as it get and not casual anymore
for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time
we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...
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i would avoid any possible detrimental change like this, people will naturally adopt, eventually to the usage of submultiples prefix, because it will be harder and harder to afford a whole btc
not to mention that there is already an eays way in the wallet to show mbtc without changing anything, just use that...
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