That's the main reason. Even for 1080 Ti, Zcash was one of the most profitable coins to mine, but those times are long gone.


According to whattomine.com, Cryptonight V7 is not going to save the OP. It suggests Lyra2REv2 and X16R as somewhat better options, but the differences are small.

I used to mine with 1080 Ti and it was really profitable. It is sad to see how quickly the GPU mining situation has changed for the worse.

This just proves one of the basic principles of every currency: consensus about future value. If enough people believe that they currency they have will be valuable in the future, it will. It is all it takes to be successful. Look at paper money. All that paper money has is this consensus. We all believe that the paper money we use every day will be valuable tomorrow. Despite the fact that the government changes the rules as they deem appropriate and increases the total supply as they please. The technology is just a plus. If there is no technology, any currency can still function as a currency just based on this consensus of value.

This. The numbers you have shown us are so low that, depending on your electricity bill, it could make mining questionable. Some people want to continue mining at a loss in hope for a future price rise. This may very well be true, but then again why not buying the coins directly on an exchange? Unless the latter is too complicated or impossible, in which case you are already doing all you can.

Very nice guide. Good to have them all at one place.
 

What's the situation with Binance presently? They are moving their HQ to EU (Malta), if they haven't already done so. Does that make them an EU exchange?

You should be careful when using the stop loss feature. Institutional investors use the fact that many people set stop losses (as they are usually taught to do) to artificially engineer liquidity in the market. Moreover, they intentionally trigger the obvious stop loss levels by pushing the price toward them. For example, if their real intention is to go long, they may push the price below a certain level they know most of the retail investors set their stop losses at, and then, when these levels are triggered they can have enough liquidity to go long. If you don't want to get burned in such a way, better learn how these things work and how to identify institutional manipulations before getting into this stop loss feature.

Sure, you can use the above indicators/strategies, but if you want something less complicated and very easy to implement, how about

Pivot Reversal Strategy

In essence, it's a Tradingview indicator (usually you won't find it on the exchanges' internal charts) which does nothing else but indicate when to buy and when to sell.

It looks to me that most of the time you won't be making much money, but, as far as the ease of use is concerned, there's no match. Here is a youtube tutorial for scalping using this indicator:

https://www.youtube.com/watch?v=XLz0xUkD2LE

Disclaimer: I haven't tried it myself, so, how useful it is, I have no idea. If you decide to use it, combine it with other signals from other indicators/strategies.

I wonder if there is a way to take advantage of this fact. For example, the first thing that comes to mind is arbitrage trading. If you know someone in Iran and if you can move money across the border, probably you can. The other question is if this is just a temporary spike.

I think one should carefully consider using blockchain technology on a case by case basis. For example, does health care need a patient database on the blockchain? I'm not convinced. See for example these potential problems. Other areas may have other problems. I know that the word "Blockchain" is very fashionable these days, but does every business need a blockchain? IMO, not all of them do. Only when you absolutely need decentralized consensus should you use a blockchain. And when you use it, there are some obvious downsides to it. Why would you use a technology which is (still) inefficient and slow in achieving consensus if high degree of decentralization is not needed? Just because it's fashionable? Not a reason good enough. There are many areas when a simple client/server architecture can solve all your problems. In any case, I'm looking forward to following the progress of blockchain technologies and their application in the future. While I think the monetary and banking sector will be changed forever, I'm not sure if that's true for all of the above examples.

Here is a list based on the book Mastering Blockchain (you mentioned the first two):

Proof of Work - based on users having spent computational resources
Proof of Stake - based on users owning enough stakes in the system
Delegated Proof of Stake - based on voting, which is based on stakes owned
Proof of Elapsed Time - Hyperledger technology, not sure how it works
Deposit-based consensus - based on security deposits
Proof of importance - like PoS but how the users use their coins also comes into play
Federated consensus - publicly trusted validators decide on the consensus
Reputation-based mechanisms - electing a leader based on reputation

If you do that, you will just waste your time and learn nothing about bitcoin.


Exactly. You will click here and there all day long, doing meaningless manual labor, earning next to nothing.



At least you admit that on the linked page: This is exactly what they are and you should probably find something else to do with your free time. 

It would be helpful for this discussion if the OP could define which socialist countries they have in mind. Because after the cold war, the situation has changed dramatically.

For example, if you search "socialist countries" on google here's what comes up at the top:



Denmark, Ireland, Scandinavian countries, even Canada. As far as social benefits and living standard goes, these countries have already fulfilled many of the ideals of socialism.

You can use Electrum as a desktop (and android) application for creating a 2 of 2 multisig wallet.

Here are some guides to get an idea how it works:

Create a pair of 2-of-2 wallets

Help setting up 2-2 multisig wallet, using laptop and phone

Nobody can help you but the exchange.

You have to be patient. If they told you to wait for such a long time, it could be an issue they have hard time solving. Sometimes exchanges need help of the coin developers, so it takes time.

Well, the risk is always there. I don't want to give you false hope, but I once waited for a couple of months before I was able to withdraw my coins (it was another exchange though and a different coin).

This strategy for early retirement seems to revolve around being frugal, saving of a good portion of your income, and possibly investing as well. This is exactly the opposite to what most people do, being wasteful, buying things they don't need, and going into debt most of the time. Using fiat money also doesn't help, because fiat is being debased year after year.

This strategy makes sense if you can pull it off efectivelly, and crypto can certainly help.

Bitcoin has already helped a huge number of early bitcoiners. I'm sure, many of them has retired in their 20s and 30s.

All the rest can still use this system in combination with wise investing (in crypto of course). Also, given the deflationary nature of bitcoin, the FIRE movement followers could start to hold most of their savings in BTC. The only thing that can spoil this is the volatility of cryptocurrencies, but maybe the volatility won't be such a huge issue in the future.

I totally agree and that's why this kind of attack is not really a viable threat, because if you need 50% hashrate you can do whatever you like.

I found this realistic model of selfish mining (as opposed to hypothetical theoretical models):


Source: https://medium.com/@ProfFaustus/the-caner-that-is-the-selfish-mining-fallacy-ed65c20a6ce7

where we can see that the selfish miner revenue (orange line) surpasses the honest miner (blue line) revenue very close to 50 percent hashrate.

If that's so, no point even discussing this kind of attack.

Great read. I didn't know spoofing was present to such an extent. So how can you know for sure what percentage of liquidity is real and what artificially inflated? That's why good sense in trading demands to take seriously only the most immediate bids. All the rest can be inflated.

As a side note: Do exchanges themselves use bots to engineer liquidity?
 

The only thing where hashrate enters the story of selfish mining is when you ask yourself:

"What is the necessary hashrate that the selfish miner has to have in order to be successful?"

As already explained, selfish mining is temporary withholding of newly mined blocks.

When you selfish mine, you deviate from the default strategy to announce the new block immediately. All this in hope that you will find your second block faster than the rest of the network can find their first block. If you can do that, you have a huge advantage, because when the rest of the network finally finds their first block, you can announce your 2 blocks, effectively winning the race.

So you can imagine that you need huge hashrate on your side to be able to do that.

How big? Probably at least 50% of hashrate, which is why it was never observed in practice and possibly never will. BTW selfish mining can be easily detected by the increased number of orphaned blocks.

For example you can try these:

https://cobinhood.com/

https://abcc.com/markets/adabtc

I haven't used them personally, so do your due diligence before using. Make sure there are no hidden fees, withdrawal limits, KYC, or any other potential problems. BTW, what's the reason you would want a zero fee exchange?

No, that was not the reason. Please read the entire thread before responding. And please, don't quote the entire OP.

As a fork with a premine, there was no way the Bitcoin community would support it.

As for the announced delisting, here is another thread discussing it:

https://bitcointalk.org/index.php?topic=4990248.msg45015825#msg45015825

It only goes to show how unstable these forks are to 51% attacks. Weak blockchain networks = weak coins = delisting.