Mining at a loss can be a great option if you have the ability to pay your electricity bills without cashing out. A lot of people mined bitcoin when it was unprofitable and they came out millionaires. Plus right now is a great time to pick up miners extremely cheap.
Somebody already pointed out how messed up your reasoning is but let me explain it to you again because you "mine at a loss because moon" people are misguided. I mined bitcoin at a loss back in 2011 and 2012 simply because I didn't have access to a reliable exchange. I mean it was pretty much MtGox or private sales on the forum here. Had I spent my electricity funds on purchasing the coin I would have at least 20% more BTC than I do now. But I was not presented with that opportunity - back then it took Dwolla 2 weeks to funnel bank account funds into MtGox. With the sheer number of exchanges and some countries openly accepting BTC as legal tender there is no reason to mine at a loss unless you want to hide your coins (privately generate your own blocks). It has nothing common with mining, however once I was able to profit a lot because I couldn't exchange coins (don't had access on internet and got late payment). This was when bitcoin's price begin to rise from 10K to 16K and from this, 60% is a solid profit. And now what's about mining, if you believe that coin will rise, you have to continue mining and try your best and pay electricity bills from your pocket but I know some people who can't think much and mine less profitable coin with that hope while they can mine most profitable coin and then exchange it and buy their beloved coin, please don't do the same. |
|
|
|
|
Maybe this rise was unexpected for people and wasn't nice for others but today there was a massive rise for ethereum too, it was 20% rise which is a huge despite the fact that ethereum's price was nearly 160$, low on another hand. To my mind btc's price will play between 6000-7000 usd this month, I highly believe it won't fall below 6000 usd.
|
|
|
|
Hello guys,
The website is now under maintenance. To be fully transparent with you, we are not planning to sold the website. Almost all withdrawals have been paid and I apologize to all of you for the delays. Our support team and dev team tried their best to answer to all the tickets and fix the issues.
We will let you know within few days about the Bitsler's future. Thanks for your support.
Cheers,
William
Thank you for clearing the doubt. Many people were mentioning that the website going to shut down and new management is going to take over so, this official statement was pretty much needed in this predicament. It is good to hear that almost all withdrawals have been paid out. We are waiting to hear what's next.. Maybe they will shut down, no one knows what will happen because with this action they open gates their players to search for other casinos, this possibly means it will take some time to return all customer. Bitsler is a very popular website, hope they won't end up like rollin.io I think they'll return once every technical problem is solved and there is a harmony between bitsler team members. |
|
|
|
You can't learn trading, you have to read a lot, see statistics, have some luck and measure risks. Trading isn't knowledge at all, it's luck because statistics will always give you a reason to make a mistake and it happens when you follow bars/charts. And if you want to learn something, follow this man: https://bitcointalk.org/index.php?action=profile;u=290195;sa=showPostsAltcoin mining boards can help you if you want to learn mining, I already wrote how to learn technical things. |
|
|
|
I wouldn't immediately call them "haters" though. I think it's probably just because a lot of scams has used their hosting services in the past so they're just making sure there won't be more same incidences.
Anyway, try out Vultr.com
Unlikely from you, I would call them haters because this hosting service provider with godaddy is pure shit. They offer unlimited space but if you exceed 500mb, you get a warning from them (I was developer and had many websites). OP personally I like namecheap, resellerclub and hostnine too but first one is better in overall. Also germany based hosting providers like hetzner aren't strict. |
|
|
|
|
Curious but there are more than 4000 bitcoin ATM worldwide. Why curious? Because fees of those ATMs are very, very high and it doesn't worth to use them. I highly doubt people use them often. Maybe some bitcoin enthusiasts just test them and then go away because you have to be crazy to accept their exchange rates. But still interesting if anyone has statistics of how much bitcoin has withdrew from those ATMs.
|
|
|
|
|
It's funny to see what they are doing, they want to make encryption illegal? How? Someone tell them that there is always a way to surpass any problem. When you get someone out from their comfort zone, be ready that they'll find better one. This better one will become best when you give them a reason to develop and this happens when you are strict.
To sum up, their attempt is very poor.
|
|
|
|
There is still a huge amount of people mining, very few even at loses (which is dumb and utterly stupid). Most ETH hashrate is related to ASIC mining and free or nearly free electricity , specially in China.
In Europe , you should be counting the people mining with your two hands (considering they are not stupid)
The real question is: will ETH recover?? my bet is NO. it will die, and it's dying fast. I stopped mining months ago, when profit after electricity costs was less than 100$.
Total hashrate , by this time, should have been no more than 100.000GH/s
Asic is a new thing in ethereum mining and can't agree you that most hashrate comes from asic mining. It comes from GPUs, for this reason it was almost impossible to buy gpu in normal price, everything was out of stock immediately. Ethereum has some good features and is better than some other popular shitcoins but I have the same question: Will eth recover? I highly hope it will but current statistics makes me very pessimistic. |
|
|
|
|
Bitcoin can't be considered as a good alternative for investments, huge investors don't like huge risks, 1% movement is a lot for them and it happens daily on bitcoin. It can even decrease by 10% or rise the same in one day. Also there are a lot of plans to recover from market crashes but just imagine why will stock holders invest money in bitcoin? It's a question of doubt but I highly believe that won't happen.
Btw if they would invest in bitcoin in 2008 year, it would be a huge success for them.
|
|
|
|
|
Usually bitcoin is sold in USD or EURO, even locally when you exchange, firstly you get bitcoin exchanged in one of them, it depends on which currency has major impact on country's economy. Bitcoin -> USD/EURO -> Local currency. There is no need to bring physical money, have a card like Xapo or debit cards with good terms, can't see any idea in your proposal.
Oh, also if you only hold bitcoin, you don't know how will price change, so better to avoid any unwanted issues.
|
|
|
|
I'll take the slot "e", been in the market for a Huawei lately. Been having a strange time getting one reliably in USA. How did the phone manage to accumulate small scratches from daily use, and managed this daily use without a charger?  Ah well, I suppose chargers aren't that expensive anyways. Might grab another ticket or two depending on the interest and how quickly it fills up. Huawei p9 and up series are great, there is a good combination of quality and price. But I adore sony's design, huawei m4 aqua has amazing design. Maybe I'll buy ticket here (my luck stops me from taking it lol) but why don't you include box? I ask this because in need, legally it's impossible to pawn a smartphone. |
|
|
|
|
To be fair I have never interested in blockchain based gambling websites but I am a huge fan of blockchain technology because it's really amazing, it's future. But I can't agree you in one task: A Casino that integrates crypto isn't more progressive to new technologies than others who doesn't. Usually owners do this because there are less opponents in crypto market, they are more anonymous and they have one payment way which is pretty easy to handle.
|
|
|
|
|
It's funny to read what others post here, let me state my true (I think so) opinion:
After all USD is most widely used currency and we convert bitcoin in usd. Without crypto exchange, it would be impossible to determine it's price and no one would use it. What is crypto? Just virtual thing. From it's nature, price is determined by last buyer overally, it's decentralyzed. Also people need price in usd behind bitcoin to use it in real life.
|
|
|
|
|
If you are honest person, do only legal things and think you won't have problems in future, then banking is safe in any way. But on another hand, bitcoin of course. For example if anything happens, bank can freeze your account and funds, no one can freeze your bitcoins when you own them on cold storage. If you are getting caught and you run away, escape somehow, your only relationship with money can be done by bitcoin. I think everything is clear now.
|
|
|
|
|
Usually such threads are useless but now to my mind it's really good time to discuss about it. See price of ethereum, it's lower than bitcoin cash and also lower tham 200 usd as of currently. To my mind bitcoin's price won't go high currently but 200$ ethereum isn't a solid price so what do you think guys, will it double soon? Another coin I think to buy is ripple, it's prettly low in price too.
|
|
|
|
|
It may sounds that Bitcoin.com is trustworthy yeah? Since it Top Domain? No man, a big NO. This website is owned by a bitcoin cash slave called Roger Ver. This website is untrusted from this community and believe me bitcointalk is N1 here than roger's failure. So they try their best to promote bitcoin cash, you'll read a lot of silliness on their website regarding to bitcoin. Why I posted this? To know you, this website isn't something you have to visit, so nothing to buy from them, all they try is to sell and promote bitcoin cash.
|
|
|
|
|
Where do you live? I ask this because usually some countries don't ask you to pay taxes on earned money which comes from outside (it's usually on small countries). Also some country doesn't take care of online income seriously.
Your only problem can be if you get a huge amount of money regularly on your account, if your monthly profit is 1000$ and so low numbers, then I highly doubt you'll have problems but still everything depends on where you live.
|
|
|
|
|
Have you heared anything about company called "Bitmain"? They are so shitty that they invented ASIC miner for ethereum and for this reason GPU mining slowly does (mostly ATI cards since Nvidia 1070+ is optimized for neoscrypt). Well, I may speak a lot but if you have something potent, better than bitmain, bitfury and baikal can create, then you have possibility to become billionare. You know what to do after that...
|
|
|
|
|
It's even hard to find Ivory Tower child board when you visit bitcointalk's main page, lol, also disabling of signatures isn't a big deal.
One way I can think is to not count post/activity on bitcoin discussion, trading discussion sections (some others too) and also remove send merit option on posts on these boards. After this I have no idea why the hell to post and abuse these sections? Ehh, what about to just hang on?
|
|
|
|
|
It's really hard to have a strategy. For example you can do following: When you see that price drops and you are in loss, sell bitcoins, wait a little bit, if you are lucky and price continues to fall, then buy it. This way you'll have more bitcoins and main idea here is to hold as much as possible and wait for high price. For me it's gold rule: Bitcoin will always reach it's all time maximum price.
Other thing you can to do is sell bitcoins and buy altcoin you think it will rise and then move again on bitcoin or hold the same amount and wait.
|
|
|
|
|
Show Posts
