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I'd take a vouch to see what OP's method is all about. If OP wants people to trust him a honest review would help.
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Time and time again, we've seen that the number of nodes means absolutely nothing. It's very easy to fake those numbers by setting up fake nodes in bulk, so don't even bother monitoring nodes stats.
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If you can get free/near free electricity, the older miners will be cheaper and return pure/nearly pure profit.
Sort the electricity supply first, consider solar, consider a group buy of miners, get your friends involved.
If you are going down the hardware miner route.
If you are considering cloud mining, You need something with lifetime contract.
"Free" as in paid by someone else is not common but not impossible either. But a solar investment along with bitcoin miners would only affect reliability and cause the overall ROI longer. I'd also suggest OP check electricity costs, but if his house doesn't allow for miners to be profitable to consider the possibility of housing miners somewhere else, perhaps a hosting facility. |
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It can be profitable in theory but in practice home mining has become increasingly harder to profit from ever since bitcoin became more mainstream. Miners have kept getting bigger, more efficient but also more expensive too. Mining has come a long way ever since people could ming with their GPUs.
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Anyone know of where I can find a coin dev for a simple coin and project ?
Services board of this forum, and so Reddit.com/r/jobs4bitcoins. Just make sure you have a clear enough deal with them and perhaps use escrow. |
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How do you associate the use of the wallet with buying said psysil coins? In theory, you could use any wallet to transact BTC if that is what you want but I'm not sure if that's your goal here.
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Many GC sellers come here thinking they can offload fraudulent GCs for irreversible cold hard BTC and launder money this way. Some buy high activity accounts to seem more trusted and ask users to message them on other platforms so that there is no evidence in case of complains. Just avoid discounted cards in general if you want to be safe and deal with things that are 100% legL without question.
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Are you using a network that is not controlled by you? You could run your wallet through a proxy or use a VPN if you think you could be under set limitations by the system's admin.
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They are not losing control of their own currencies. They are losing power because of the other asshole central banks who print more money than they do.  BoJ for example no matter how many bills they print every year, they can't stop deflation. They lost the control once because of the asshole FED. ECB, FED, BoE, BoC are in a money printing race. Whoever prints the most FIAT will win. When they stop printing, people will buy the other CB's cheaper stuff . They can't stop printing. They won't. That'd be an argument against more centralization if we are to assume that competition is bad among central banks. IMHO, the fact that certain currencies have less inflation could be perceived as an advantage at times of financial stability but sadly that's not the kind of phase the global economy is currently going through. |
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I don't thing that buying steam items in bulk is secure or sustainable for that matter either. Valve reverses transactions involved with fraud in a snap and provided that many people try to launder money with bitcoin you wouldn't want to be on the receiving end, sending bitcoins for a reversible means of payment such as virtual items.
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Bitcoin markets are under heavy pressure right now as the recently reached $1200 levels are getting closer to being breached by sizeable sell orders. A large downward spike can be observed with BTC/USD rates going down instantaneously. The premium on Bitfinex might have reached a margin close to a $100 difference from market prices but the ongoing sell off seems to also hold its roots in the troubled exchange https://www.crypto-news.net/bitcoin-price-crashes-in-what-could-be-the-beggining-of-a-selloff/ |
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What's up with witch hunt threads lately? OP is included in an equivalent self moderated thread by someone from the other side. If you disagree with things people say, don't expect others to follow you just because you have labeled said people. At the very least, don't self-mod your thread if you want to promote discussion... |
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Litecoin serves as proof that voting alone can't and won't do the trick. It's a big move that the coin would have to go through and it'd require efforts from all parts of its community. Speculation has surely helped traders and bagholders profit greatly, and perhaps that's what miners were hoping to achieve. Now that quite a bit of bagholded litecoins have changed hands LTC could easily be let in a corner to go die (as it was heading to anyway) by miners.
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Yobit is considered to be the lowest tier of altcoin exchanges. More than 90% coins on Yobit are coins create to earn scam people, with no real purpose.
Trading, volume and rates are totally fake, bot driven and unpredictable in any way, pure gambling. Yobit is only good to trade scam/idiotic coins like PutinCoin, TrumpCoin.
I thought that people know that already and stopped using this exchange long time ago...
True. Yobit used to add coins with no criteria at all. I'm pretty sure that ICOs running there are even worse. I wonder why anyone would consider such things to put money in. The risk is just too great and the exchange itself can't do much to weight it. |
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If the price is pushed up by the premium formed at Bitfinex we could see a spectacular crash if things turn bad there... There's a positibity that Bitfinex was never really solvent, and the "hack" put them at an even worse position. It's up to question what lead them to buy back token supporting the exchange post-hack only to block withdrawals just a few weeks later.
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Have you used Tether.to to withdraw USD to a bank account? If so when?
I'm pretty sure you can't do that. Here's some reassuring terms from here https://tether.to/legal/"PURCHASE AND REDEMPTION OF TETHERS: The Site is an environment for the purchase and redemption of Tethers. Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers." Would you entrust your money to something with those terms? It is however back to dollar parity. Those terms probably aren't too far off the terms of many other more legit places, but 'more legit' is the key phrase. You're right, that's not possible. Tether might be long running and hence many people trust the system with their money but it is nevertheless a trust based system so if you're into bitcoin's trustlessness that's not something you'd get from Tether USD. |
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Well, that'd depend on what you're looking to mine. Specific forum websites and forum threads can be more helpful at times. I wouldn't trust a single source with all the downloads and information about mining. It'd be too tedious to collect them about all altcoins anyway.
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You can move Coinjar Swipcard up the list I will vouch for them, been using mine for almost 2 years now without a single problem.
Coinjar also has some of the best customer service I have ever had to deal with, very professional.
Thanks for sharing your experience. Actually, the accusation against CoinJar was more about the trustworthyness of its founder. Ok i see, i do know about these accusations and Roger is always sure to mention it when i talk about Coinjar but all i can ever say is the experience i have had with the company has been flawless. At the end of the day it is still an online wallet and i would never recommend anyone keep btc in an online wallet for long and i sure don't do it myself. Secondly when i transfer funds to my Coinjar swipcard it is then out of the control of Coinjar so it would be another company i would have to chase if the funds went missing in between. Great list by the way  So their service allows users to load cards and have a balance stored in them? I agree that this might be better in terms of security. But nevertheless some people prefer live conversion so trust is an important factor when it comes to debit card services. |
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Cloud mining in general is the worst kind of investment. Margins are fixed against you, the provider has no risk because you carry it all. Users take the loss every time there's any and it's almost guaranteed that the mining will stop being profitable through your cpntract's span so the provider can essentially run away with user funds.
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If you are too scared to use debit card services because you think they are unreliable what you could do is open an e-bank account like the ones Leupay provides and load it with Bitcoin sales. It's nor as convenient but sure more trustworthy.
Other than that, there are reputable providers among the bitcoin debit card services. Coins bank for example have experience in the field for years now and no open accusations against them that I'm aware of.
Dear Alani123 I'm more focused on spectrocoin I will transfer and test, Which one are you currently using? Many thanks for the tips. Thanks Almir I would advise against using Spectrocoin with large sums of money due to the plethora of unaddressed accusations against them. Other providers have a better track record. |
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