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3341  Alternate cryptocurrencies / Mining (Altcoins) / Re: ETH hash rate hits all time high, mining it is 3X more profitable than BTC on: October 07, 2020, 01:31:19 PM
Mining BTC without an ASIC is completely useless and wasted time.
And even though there are also ASIC for the ETH algorithm around it is still the most profitable coin to mine for most GPU and therefore extremely attractive for any GPU Miner.
That being said, mining itself is still hardly profitable if you have to pay 0,20 € per kW/h, which is the average electricity cost in the EU and if you have to buy the GPU first.
3342  Other / Archival / Re: DeFi hyip is over? on: October 06, 2020, 03:10:35 PM
Yeah seems like the defi hype slowly comes to an end. There are still appearing new crappy yield farming projects every day but they have a hard time getting any attention or funding unlike a few weeks ago.
It will be interesting to see how many of those defi projects are still around in 1 year.
I bet a few will be because they have a solid team and use case but most of them will vanish. Those people who made a lot of money with this hype will not care about that of course  Smiley
3343  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi - The Scam Engine? on: October 06, 2020, 01:45:52 PM
For me that's just the usual process of a new hype or trend. First some new projects emerge with a new and interesting technology or business model or whatever.
Investors are crazy about it and those projects create huge hype and the price rises and makes early investors rich.
This attracts scammers that also want to have a piece of the cake with little to no effort. They just copy an existing project and jump on the hype train.
Defi is not different to any other trends or hypes that happened before, f.e the ICO trend in 2017.
3344  Alternate cryptocurrencies / Altcoin Discussion / Re: Will You Trust a Project Announce BY A Legendary Member on: October 05, 2020, 07:49:50 PM
I would definitely have more trust when a legendary announces or recommends a project than a newly created account.
That being said, until the switch to the merit based system it was pretty easy to reach legendary status in a certain time.
Only 1 week before i reached Sr. Member ranked they introduced the merit system  Lips sealed.
So being a legendary member doesn't mean that he knows what he is saying by default.
3345  Alternate cryptocurrencies / Altcoin Discussion / Re: interesting coin page on: October 05, 2020, 05:05:36 PM
I just took a quick look at their webpage and i would never invest in this project they offer nothing new and their website look really horrible.
There are so many template websites out their they could have used and created a 10x better looking site with very low effort.
I understand their approach is to be a community coin and gain traction based on that, but that is nothing new either.
3346  Local / Altcoins (Deutsch) / Re: welche bountys signaturen lohnen sich am meisten??? on: October 05, 2020, 09:38:57 AM
Das Spreadsheet der Radix-Signature-Bounty ist jetzt mal wieder aktualisiert worden und nachdem ich jetzt schon längere Zeit mit jemandem vom Radix Team und dem BM hin und her geschrieben habe,
sind jetzt endlich 13 Teilnehmer gestrichen worden, die zwar nichts gepostet haben aber trotzdem jede Woche ihre Stakes bekamen.
Jetzt sollten für uns anderen Teilnehmer ein paar $ mehr bei rumkommen.  Smiley
3347  Alternate cryptocurrencies / Altcoin Discussion / Re: Decentralized exchange volumes hit $23.5 billion in September on: October 04, 2020, 07:39:00 PM
For me that is a good sign. The times where projects had to pay up to 1M$ just to get listed on a decent exchange seem to be over.
Nowadays any project can create a pool on uniswap or other swap protocols by themself. Thats a huge improvement in my opinion because now that 1M$ can flow into the development of the actual product.
But that also means every shitcoin can be listed without further checks. So people need to know and double check if they invest in the right project.
3348  Alternate cryptocurrencies / Altcoin Discussion / Re: Where can I sell ERC20 coins? on: October 04, 2020, 12:48:29 PM
ERC 20 tokens are probably the easiest tokens to sell of all that exist. Just go to any DEX and sell your coins.
You need to check first if there is enough liquidity to sell off all your tokens if you have a big amount of them and if they are from a small or dead project that has not much volume.
If you have big and known ERC 20 tokens than there are also alot of CEX's where there are traded.
3349  Alternate cryptocurrencies / Altcoin Discussion / Re: Was 2017 the "Golden Year of Crypto"? on: October 04, 2020, 10:54:45 AM
As of now i would say yes. 2017 was crazy, back then i was part of a signature campaign and the coins i earned there were worth mor tan 100k $ at the height of the bullrun.
Of course i didn't sell and now they are worth less than 2k  Roll Eyes.
But who knows it's quite possible that we will experience a similar bullrun than in 2017 in the future. All the regulations that happen in the crypto space will help to make it more attractive to new users.
3350  Alternate cryptocurrencies / Altcoin Discussion / Re: if there is a 10-year 1000x token, are u going to buy? (This is Ad) on: October 03, 2020, 10:52:19 PM
I definitely would buy a token that would give me a guaranteed x1000 in 10 years and so would everybody else i guess.
The problem is such things don't exist. No one can guarantee you that you make this much of a profit.
But i like that you put the Ad disclaimer in your threadtitle and not try to make a shady shill of your own project.
Now we need more infos about what you are trying to do.
3351  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple the next bitcoin? on: October 03, 2020, 05:05:47 PM
Ripple is probably one of the most hated cryptocurrencies out there.
Main reason is that it is centralized and is meant to be used by banks.
So it's basically on completely contrary to anything that cryptocurrencies are supposed to stand for at the beginning.
Decentratlisation and to be used bye normal people.
3352  Alternate cryptocurrencies / Altcoin Discussion / Re: There is coin who Will compete with very soon on: October 03, 2020, 01:43:17 PM
I don't really get your post OP but i think you want to promote monero.
Well monero is no new project and is around for a few years now so i don't understand it when you say "it will compete very soon".
Monero was made to enable it's users to do anonymous transactions, therefore its very popular in the darkweb and sometimes used to buy and sell illegal stuff.
3353  Alternate cryptocurrencies / Altcoin Discussion / Re: HOW CAN ONE KNOW A FAKE AIRDROP? on: October 03, 2020, 12:33:48 AM
First of all i think that most so called airdrops nowadays are no real airdops anymore because for most of them you have to follow twitter or do something else.
Real airdrops are for free. You just enter your adress and get free tokens.
Yesterday is saw warnings in telegram about a fake airdrop that deletes you telegram account if you click on the telegram link.
So i would always double check if an airdrop is for real or not. In telegram and on the internet.
3354  Alternate cryptocurrencies / Altcoin Discussion / Re: airdrop bounty project idea website question on: October 02, 2020, 08:34:29 PM
Sites like that already exist. There are website that list all the projects which have an upcoming ICO or an other form of token offering with links to the projects websites, informations about the token sale and rankings.
I wouldn't trust those project rankings blindly though... who knows if projects get a good score if they pay.
There also are sites from which you can quickly join ongoing airdrops and sometimes even offer exclusive airdrops.
So you really have to offer something new or more sexy than the rest to succeed.
3355  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Is UniSwap the most powerful in the Defi market? on: October 02, 2020, 08:27:24 PM
Uniswap was definitely the place to go if you wanted to invest in any of those defi projects that appeared in the last weeks and months.
I mean its obvious you don't need to wait for a CEX to approve your application. You just open up a pool yourself and provide liquidity and thats it.
This also means though that anyone can add his scam coin to uniswap without further checking.
3356  Alternate cryptocurrencies / Altcoin Discussion / Re: Hello everyone! Do you still have confidence in altcoin? on: October 02, 2020, 10:55:12 AM
I still believe that there are still great altcoin projects out there and new good altcoin projects to come. Only bitcoin alone can not serve every demand that the financial industry and the average user has.
It becomes more and more hard to choose the right altcoin though now that there appear no altcoin projects everyday and of course at least 90% of those won't survive a year.
3357  Alternate cryptocurrencies / Altcoin Discussion / Re: Former PM of Denmark and Concordium connection? on: October 01, 2020, 03:26:40 PM
Sounds cool that maybe a former leader of a country is now an advisor of a crypto project.
On the other hand it's normal that former politicians work in the economy once their live politics.
And as it is always said: Most capable people don't even want to become politicians in the first place, because you can make way more money in the free economy.
3358  Alternate cryptocurrencies / Altcoin Discussion / Re: Blockchain and Bitcoin adoption globally. What is the cause of the slow pace. on: September 30, 2020, 05:51:24 PM
It seems like big companies still hesitate to use blockchain for their purposes. Their are some edge cases where blockchain is implemented or tested but so there is no real widespread adoption.
I think the main reason is that for people outside the cryptospace it seems that cryptos are still considered as edgy or shadowy.
But you can't blame them, just look at the all the stuff that happened with Defi and all those scam clone projects that emerges.
3359  Alternate cryptocurrencies / Altcoin Discussion / Re: My take on DeFi bounties on: September 30, 2020, 01:40:09 PM
Defi became very popular in the last weeks and months, therefore there are a lot of imposters that want to board the the defi hype train with their own defi clone project.
Then some of those make a bounty and promise you like 500k$ worth of XX token in the bounty, but those 500k number is just based on a completely unrealistic valuation of their project.
Then most of those projects never make it to an exchange and all bounty hunters get nothign for their work.
3360  Alternate cryptocurrencies / Altcoin Discussion / Re: It is not easy to make money in cryptocurrency on: September 29, 2020, 09:22:47 PM
I also think that the time were money was made easily with cryptocurrency is over for a few years now. It is still possible but way harder to find a real good project out of all those scams that occur everyday.
But i also don't think that it was easy as an early btc investor, i mean it wasn't clear at all that BTC would become so popular.
So everyone who invested like 1000$ ten years ago or so, really deserves to be a millionaire now.
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