Yes anyone can change that but if they change that then the protocol is completely different and its a completely different coin. It would basically fork all the main chain. So you can compile your own Bitcoin, change the next block reward to something crazy and mine a block, however what will happen is that you would only get the large amount of coins on your own chain which nobody else is using. The main chain the reward given to you would be the original 50 BTC or so.

Bitcoins and all cryptos are open source, you can easily modify the code however if nobody runs YOUR code then there is not much that can be done really. So you don't have to worry about someone changing the code and giving themselves an unlimited amount of coins when nobody would be running that particular client.

Well if you are fine with 15% premium you can always go to a local Bitcoin ATM in your area. They usually charge 10-15%. However keep in mind that lots have changed recently with Bitcoin ATMs depending on your country and region you might have to KYC before you can use it.

Years ago you could go to any Bitcoin ATM and buy any amount you wanted and was anonymous. However now with money laundering laws some Bitcoin atms require you to show ID first. So you might as well use an exchange and avoid the 15% service charge all together.

Just go to TradingView or download the app and you can see prices for all cryptos on there. And there is a section called “ideas” where “pros” and there is a reason why I used quotation marks, they post their “not financial advice -opinions”.

So you can see what their analysis is and it’s free. Will it help? It might or might not. Keep in mind these are just regular individuals and not some million dollar traders, they probably do it as a hobby. So take their advice with a grain of salt.

When you enter a position in the futures there is always some liquidation price listed. If you are using some crazy high leverage like 100x then you will be liquidated when the market goes 1% against you (minus trading fees and maintaince margin). If you don’t want to be liquidated at 42K you need to either use less leverage or put more margin in your account when it gets closer to $42K and you won’t be liquidated.

Like others have said here. It’s risky and you need to be careful. And always use a stop loss. You’ve seen how Bitcoin can have these 10-15% daily swings and take you out. It’s better getting stopped out then liquidated, if you don’t use a stop but rely on liquidation engine instead you will take a larger hit. Always use stops.

One thing to consider is that an iPhone 4 was much much cheaper than an iPhone 13. I think the iPhone 4 was only like $500 but how much is the iPhone 13( not mini) it’s basically double that pretty much. I know there is inflation and all but for it to be double is just nuts.

I think the reason they get away with this is because people just get a plan and basically pay for it monthly like it’s a mortgage or a car loan, which is pretty crazy in my opinion.

The new phones are nice and all but I usually just wait until they are about 3-4 years old and buy them second hand for $100-$200. Most people keep it in a case so it looks brand new and the battery is usually about $10 to replace on Amazon.

The proper way to run 2 PSU at the same time is to make sure they are grounded together somewhere and make sure you are not sharing any 12V rails between the PSUs, or else you will blow one up. Basically if 1 GPU requires 2 PCIe connectors make sure they are connected to the same PSU not from one of each because you will get a current feedback loop.

Next is you need to get a paper clip and short those 2 pins so the PSU will turn on. Forgot which ones they are so just google it.

Then what you do is start them both at the same time, if you start one too early or late it won’t detect all the GPUs. Also maybe attach a fan or 2 so the second PSU doesn’t run without a load which can also damage the PSU.

Good luck.

My memory might be hazy but when the profits were like 0.25 per GPU which was pretty much either $0/day net profit or even a slight loss I think Phil was mining at his friends place which had solar panels. However I might be wrong. As far as I understand whether bull or bear market he is always mining.

Don’t know if he will remember or not, but me and a bunch of other guys from 2016 told him to get back into ETH mining, we told him to diversify. And low and behind, I remember he posted a photo of a old Radeon 7950 GPU with a zip tied case fan attached sitting on a motherboard which was sitting on a cardboard box. The rest is history, I think he mined ETH non stop since then.

$500 a month is certainly possible these days but you would be surprised how many people I know which will say “only $500 a month? I thought crypto was going to make me rich”! And even if the $500 was guaranteed with little investment most wouldn’t go for it.

The issue is in my tight circle of friends, most that made lots of money in crypto mined when mining was not profitable. One guy I know mined with an ASIC that he bought for $20 on Craigslist and he mined at a loss everyday. However he knew back in 2015 that BTC is the future and he will get at least $10000 a coin. He used like 500watta of power and he only made like 0.003 BTC a day, which was nothing but then but he kept it all forgot about it and I think he didn’t sell at $10K but sold at $3K.

How many people do you know in 2021 that will mine at a loss and hold it for $250K? Probably nobody willing to do that. They just want their $500 a day, now and that’s it.

There are a lot of coins out there but most of them, especially the mid to large cap coins are not mineable. We all wish we could mine XRP but we never could. This shift started sometime in 2016 when ETH talked about importance of POS and since then most tokens followed that route.

POW is pretty much rarely used for any new projects. Most products are just tokens these days because that way the developers have better control of the market share. Back in the day devs would launch a coin with a 5% premise and nobody would mine it because it seemed risky due to dev dumping a large portion of the coins but now you got tokens where the dev has even more control of the supply and no one bats an eye.

Its hard to say because alot of it has external factors. For example, I can easily see ATH before 2022 if there is some catalyst such as

1) ETF approval
2) Large company put BTC on Balance sheet like Tesla
3) Stock market indicies keep making new ATHs

However its hard to say what will happen without a catalyst. We had a big rally and people are already expecting $100-$250K or so. I don't think this is a dead cat bounce however without the proper catalyst and volume, it would be hard to reach something like $100K. We could just do 2013 all over again and peak again sometime in late Nov-Dec and 2022 might be nothing more than a decline cycle.

Generally the Q4 for crypto is very bullish. And this is what everybody is hoping for. Similar to how everybody in 2018 was assuming Q4 would be bullish and would push us away from $6K and into a new ATH of $20K and instead the opposite happened.

Its hard to say this will happen. What is different now from 2018 is that back in 2018 if I recall the funding rate is neutral or a little positive, right now its the opposite. Its either neutral or little negative. Which means in 2018 people were leveraged long and now people are leveraged short a little. Usually when this happens the complete opposite is in store for the bear. However I really think that we might get a 2013 repeat where we peaked in April and then peaked again in November. However I am unsure if we can breach $100K. Maybe top will be like $80K or something similar.

Is this Defi staking? I’m guessing it must be considering the crazy high interest rate of 30%. I thought about staking also however the more research I did I learnt that there are too many risks.

One of the most common risks is the underlying token goes down in value like it did for you. Another reason is called impermanent loss, read about this. This is very common with tokens which got low liquidity and high interest rates. Some value can dump the token on Defi and lead to a huge loss for all the liquidity providers.

Another is the protocol you are using such as Uniswap might have some bugs in it which aren’t discovered yet. Look at how many exploits in the past have happened to other tokens. It might get hacked and your tokens can all be stolen.

Mining is much much safer.

It’s not only you. There are many people who going back to 2016 were faced with this dilemma. I also got a few friends who are upset with me because I told them that ETH might be unmineable in the future and your GPUs won’t be able to mine ETH then it kept making ATH after ATH and they are upset.

The issue here is more with the unpredictable schedule of the ETH Dev foundation. You would think as the coin got more and more popular they would hire more devs to get the work done sooner, however it seems the opposite has happened. So nobody knows even Vitalik himself when ETH will go pure POS.

The q4 just started, and most know that q4 is usually very bullish for crypto. And we are off to a good start with the recent rally we just had. However remember 2018… most weren’t around back the however people assumed it would also be a bullish quarter and what happened instead… complete opposite.

So what you think is going to happen mostly likely won’t. And with mining and GPUs is no different. We all assumed GPUs would be cheaper because profits went down a little but it’s not the case with GPU prices and mining difficulty.

Only thing clear about the future is nobody knows what will happen.

This is nothing new. Been going around for months. Didn’t you notice when the difficulty all of a sudden decreased for ETH and BTC a few months back? It was due to China ban. And now it’s months later and nothing really happened.

Just made it difficult to mine in China and that is all. Most of the equipment was shipped elsewhere and the difficulty came back up. So with mining pools shutting down don’t be surprised. The entire world is not China. There are many other countries that don’t set these restrictions and most people don’t worry. Just use another pool and you will be fine.

No one knows exactly when it will go POS. They have been saying POS is right around the corner and they always run into some issues. Could be a few more years. I think your bigger worry is the way the difficulty is climbing rather than POS launch.

What to mine after POS? My advice, sell the GPUs 3 months prior. Because I just don’t think the profitability will be there anymore since most high cap coins are all either ASICS or POS tokens already. If you wait until it’s already POS it will be harder to sell your GPUs due to huge supply.

I think what he wants to do is get someone to host his GPUs for him. Seems he already has the GPUs but doesn’t have space or time for getting them up and running.

From what I know there are some hosting places, there are a few that only do ASICS because GPU mining requires more maintaince and many will require you to keep it enclosed in a case and can’t do open air. Reason why is they need to exhaust the heat properly and can’t do that with an open air set up.

So I am sure they are companies out there in Europe which can host your rigs.

I tried these stock trading online courses over >10’years ago and i will save you the hassle and tell you they are scams. Some are structured very well so you can get a basic understanding quicker however whether you will actually make money is something completely irrelevant.

They teach you basic TA however they don’t teach experience which is what you will need.
Some will make it, most will fail. I think they are good as an intro but the 99% of the work will be on your own.
Nobody can teach you how to trade for profit except yourself.

Yes this thread along with the comments is difficult to read. Most of the comment don’t really answer the OP question, perhaps it’s because English might not be their main language and for some it’s difficult to understand what they are trying to say.

So you got people who took a few keywords like “Binance, trading, futures” and they are replying posting basic comments which aren’t even remotely related to the original post.

I posted my reply and have no idea if the OP understands because his comment makes it seem like he thinks Binance will go bankrupt if he keeps making winning short trades and keep taking Binances money.

The reason why China banning Bitcoin was more severe in late 2013 was because it was speculated that the run up from like $30 to $1100 was the Chinese buying Bitcoin. And China has strict capital controls and Bitcoin threatened that since many could easily take money out of the country that way.

So when China banned it finally, people called the top because they knew BTC would go down since there would be no buying pressure left. Combined with the MtGox mess it’s what started the 2014-2015 long bear market. These
Days China is not as relevant.