MEGA note to newbies.. we are NOT in the era of mining using PC's.. so its now based on ASICS equipment the figure of venezuela's 'cost' is just the electricity price. and does not consider the cost of the ASIC's needed. also its not really a geography lessoon its a math lesson (note anyone that was following my asic cost/btc maths a few months back... ASICS were $3k a unit last batch) for those that love math get the network hashrate(30,616,246) based on recent stat on https://blockchain.info/charts/hash-rateget the price of a S9 ($3000) - - previous batch get the price of a S9i +PSU ($938) - - next batch delivered June https://shop.bitmain.com/?lang=enthen basing it on a 1 year longevity of the s9 before upgrading knowing bitcoin makes ~1800btc a day *365days =657000btc/year 30,616,246 /14 = amount of asics running the network =2186875 asics ................................ .. but i will say as ASIC farms update thier equipment as old equipment fails/farms expand and re-acess their costs. if the whole network was to do a complete swap out in june(not gonna happen that quick so relax) then by time they are all running, then. the hashrate would need to be about 60exahash(60m terrahash) to keep a mining support above $6k/coin the hashrate would need to be about 90exahash(90m terrahash) to keep a mining support above $9k/coin but again. without knowing how many asic farms will switch in june. and what the actual hashrate would be.. ill leave the future price support lines to speculators to estimate this project promises to bypass the performance of all existing ASICS in two, it is also the geography of bitcoin. where and which countries will start making equipment that will become the flagship of the mining industry and will change the geography of the main bitcoin mining. Own mining hardware and infrastructure and cheapest electricity in China and Canada are main benefits of Advanced Miners company. With these advantages you'll find incredible opportunities in mining business in 2018-2019 year. China and Canada their choice |
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Why, until now, government all over the world still doesn't trust bitcoin?
Government may or may not trust Bitcoin bt it certainly will not be able to ignore Bitcoin completely as of now. Since its adoption rate is increasing per year. They will sooner or later try to control it as far as possible! bitcoin will not implement KYC, which means that governments will not be able to work with bitcoin and unknown transactions and network members. It remains only to wait for who will win this confrontation. |
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If you want to get a bitcoin, you have to have at least a computer in your hand and you know about the technology you are using as well as you have to have electrical power for the task of charging, besides you have to have internet connection.
the idea of bitcoin mining with the help of your own computer has sunk into eternity. now bitcoin can be mined only in factories and plants for the production of bitcoin. Therefore, the geography of bitcoin mining comes in first place. The location of the plant and the mining factory must have many factors, both economic and political. |
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to mine bitcoin you need electricity, internet, equipment (ASIC and cooling) and a place to put all these. so any place on earth that you can have all these in, you can also mine bitcoin there.
being profitable is another discussion though. you need to see how much it will cost you to mine bitcoin and maintain this operation and how much you will earn. then see if it is profitable. for example the most obvious cost is the electricity cost which is different in every country and sometimes different cities/regions in the same country. and also you may have to pay taxes to mine bitcoin.
the geography of bitcoin mining depends on the profitability of the mining site. it is possible to produce profitable in the mountains, where you can build your own hydroelectric power station and have cheap electricity, for a balshy plant for bitcoin mining, to organize a good Internet access will not be difficult. |
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I'm sure that the future of bitcoin will continue to improve as the number of users continues to increase, we can see that the daily transaction volume of bitcoin is never less than $ 10 billion per day, and even once reached $ 40 billion per day so bitcoin is a very good prospect.
the growth of bitcoin turnover is a good indicator, but from what is the turnover growing? unfortunately the entire turnover is mostly buying selling and transferring bitcoin from one to another, it would be better if the turnover growth of using bitcoin transactions as Ethereum for business transactions, but the cost of transactions in bitcoin is high, and after 2022 will be even higher at least at least twice. The cost of transactions and turnover are two indicators that will greatly affect its future, as well as smart contracts of third companies. |
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you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.
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Why is GNO so underrated? If I compare the number of available coins (only 1.1million) with other projects GNO should be at price of >$800. This Coin is listet on so many popular exchanges but the 24h trading volume is about $200k?!?!  How do you get to this conclusion? I think it's still overvalued, because I doubt the real use of this coin. Still market cap is above 100m which is just too high this IСO has been going through with great fanfare, the team has long been known, had a lot of ambitions in the forecast markets, but having received a large capitalization, began to change their ideas and got lost in the General market. it's time to just shake and move the product again. |
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I am in Nairobi and here we have cheap electricity that enables us to mine and get better rates. I pay about $ 0.1 per 1 kwh which is very cheap as compared to many countries.
I guess making bitcoins in Africa could be a very profitable project for heavy hardware investors. What are the rates in your country ?
It's great ppace for cryptocurrency mining. But need extra cooler there. Electricity price is not the only one aspect that we have to concern in. We should consider about other aspect like weather or political condition. I think it could even be better with a solar farm since Africa is generally hot and the electricity fee could be negligible should serious miners adapt to using solar energy to power their miners in africa. in Africa, too, comes night.  For the production of solar energy will require significant system reserves power for the night. also, we have security in Nairobi, whether the price of protecting high value targets is needed. How long will the mining farm payback period for 5 megawatts of electricity? |
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So cool that the listing happens right after ICO! Though, think I'm gonna hold my tokens for 6-8 month)
if the listing goes early, it means that the developer has confidence in his product, it will be difficult to keep the price for 6-8 months if the project will live together with the common crypto market. |
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what is the meaning of this update on facebook .....
Important news!
In connection with general decline of crypto market and insufficient rate of fundraising, we announce termination of Pre-ICO and look for other sources of financing.
We are sorry.
Thank you all for your activity, time and attention!
the distribution of tokens? or the project, not only will not conduct a fundraiser, but also the application uses the token also will not start in testing and use. very unfortunate if everything is not continued and maybe this project is less fortunate and appropriate in promoting a good idea where when bitcoin has a very significant decrease in the current situation, it would be worthwhile to continue testing the product, thereby creating a community around the project, which would then become the main investor of the project, otherwise everything will have to start from scratch. |
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I'm all new here. How is ACTIVITY calculated?
in the current situation forum needs not in activity newcomers, and in deserved activity. when you write a little, but nice and good, with a large amount of information necessary to the participants of the forum. |
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I am in Nairobi and here we have cheap electricity that enables us to mine and get better rates. I pay about $ 0.1 per 1 kwh which is very cheap as compared to many countries.
I guess making bitcoins in Africa could be a very profitable project for heavy hardware investors. What are the rates in your country ?
there are countries with a cold climate, where electricity costs $0.016. it is unlikely that you will compete with them, except for the costs of bitcoin production you will have a large share of the costs of cooling this production. |
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We should have realized that your purportion was right compared to the time of your thread, that Bitcoin had left that unfortunate Dip, and it is over time now steady. As at the moment, Bitcoin value stands at $8098.38, of which we are all still expecting its stability and volatility by the third quarter of this year to be as high as that $20, if not more than by then. All to be done now is to hold on to whatever amount we have and be cautious of buying at this point in time.
the bottom has not yet been reached to launch a rocket to the moon, you need to land all the planters, now too much believe in the big growth of bitcoin, the crowd on the moon does not fly, as soon as there will be estimates in the crowd and start with the rocket to jump on the move it's time to take off. |
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I would recommend you to invest in bitcoin in the long term. This is my investment strategy, and I recommend it to everyone because it seems to me that it will bring a good profit in the future.
it is possible that you are right, but in this case you have a risk of 2022 years, when the bitcoin network is waiting for a strong shake-up due to the reduction in the cost of the block. will he survive? risks it is always better to put in different baskets and and portfolio investment should help. |
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The team believes in a future of decentralized infrastructure and market network, where Big Data, HPC, IoT, and AI applications, highly valued data-sets, and computing resources (storage, CPU, GPU etc.) will be monetized on the Blockchain with the highest level of transparency, resiliency, and security. iEx.ec will be the key platform powering this future.
I will be ready to agree with this statement when this super computer will be able to mine its first million bitcoins. if there is now more profitable super combing ready to participate in such calculations. any supercomputer must generate income for the user and then for the owner. |
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all good, but we dont know the ROI for being masternode ...
Sonm is a non-mineable cryptocurrency. On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight. The buying of enough SONM for a master node is some kind of risk now. It will worth the buying if SONM will succeed in the future, while if it is not popular the investment will be in a loss. Highly doubt it will be a loss, this company aint going anywhere. Read between the lines, do some research on fog computing then rethink that statement. Good thing about MN's is you are still the holder of the tokens...so it being a loss would mean snm price will only go down from here...again not happening. This is not another shitcoin, real world use cases keep popping up with the tech.. moon is an understatement. Mark my words freezing 500k whatever the ROI, a big risk, because you become a hostage of the team. the super computer itself was built for use and if 500k coins from use will give income more than become a masternode, why become a masternode, and if less, then who will then exploit this supercomputer from the team, working at a loss. so I choose mining on this super computer, which should bring more profit than the node and I always have the opportunity to easily stop if losses. |
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I think because bitcoin is unknown to its creator, no one is responsible for bitcoin, has no regulation and rules, very fluctuating bitcoin values so at risk of loss, bitcoin is anonymous, and bitcoin is widely used for criminals. maybe this is some reason the country / government does not trust bitcoin.
You really believe in the ananimity of bitcoin accounts, as long as it is imaginary and there are ways to establish who and when used this account, and if the account is put under monitoring, it is easy to find its owner. tembolee now many themselves reveal data passing KYC. |
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I thonk that The price of a coin is very distressing to its users, first of all because of the huge number of coins issued! Also, it is not clear with the clinics whether they will take dentacoin or not.
this coin pleases its users, but periodically, and their number is small, because there are no decimal places. it can take only integers that confuses your amount of coins. |
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I think a good strategy for investing in bitcoin is to buy when the price is low and hold it for long term because holding for the long term will be more profitable and have a smaller risk
I do not see bitcoin in the long term, only in the medium term until 2022, will continue to change the value of the block and possible calaps in its production and maintenance of the network. |
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