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My opinion is that unless you have free electricity its not worth buying any of these ASICS. The ROI time on this is years and it will most keep increasing as the difficulty continually rises. Even if you expect coins to rise in price you will be better off just buying coins instead of mining hardware. At the end of its lifespan you will end up with a worthless brick.
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Amazon doesn't even accept payal, doubt they will accept bitcoin anytime soon. I suspect its easy to buy Amazon giftcards for 20% off value because of people doing return scams to get free Amazon credit. Happens all the time but they just bite the bullet since its a small percentage of total customers.
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Mcafee is off his rocker, I mean this dude is really insane. Don't believe anything he says, this guy is just an attention seeker that is fueled by heavy drugs. He is a smart guy for starting his antivirus company but that doesn't mean he has any morals.
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Ripple is losing momentum, as bitcoin and ethereum continue to rise XRP remains stagnant. Many investors are starting to realize that ripple was a centralized scam from the start. The thing is that its not even really a crypto currency and should have never been listed on any coin tracking websites in the first place.
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Binance could have operated completely fine without their own coin. It wasn't needed at all and was just a money grab by them. I'm not too optimistic about Binance anymore either, they are de-listing projects in a sketchy way and their fees are higher than many other exchanges.
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In the bearish market, no strategy is going to work in your favor. The best way is to hold some good altcoins and wait until the market goes in bull trend then things would automatically improve.
Holding won't work all the time even during bear season, we only just hold those potential ones but those who aren't have that future, there is no need to hold them instead to trade it into leading coins. It is really hard to manage our portfolio at bear trend but we can't just give up because of this, we should be strong cause it will be gone sooner. Holding is the best strategy if you are holding solid coins with a bright future. Its also the least stressful thing to do, just store your coins in cold storage and forget about checking prices constantly. |
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Its no secret that a lot of posters from impoverished countries are using this forum as their main income source. I don't think many will be posting here telling everyone.......
I agree with The Pharmacistt, if you are already active poster on this forum and like to engage in discussions there is no reason to leave money on the table by not joining a campaign you agree with.
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This is our very own Elwar. I very much hope he makes it out of there safely... It's depressing for the whole seasteading movement. The dream is/was to be able to have many tiny sovereign seasteads ("let a thousand nations bloom"), but this makes me think that we may in practice need larger, more defensible seasteads along with guaranteed-autonomy agreements with governments. Or maybe someone needs to create a large private military that is a credible threat against countries like Thailand, and sell "invasion insurance" to seasteads. Also, I thought there were reports from the Seasteading Institute that Elwar had gotten permission from Thailand.
I remember that Blue Frontiers had some sort of an agreement with French Polynesia; I don't know about Thailand. A private military is the only way to show these governments you mean business. Without one they will just continue to walk over anyone attempting to break away from their control. |
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The majority of new businesses fail in every industry. This is just how business works, this isn't a special case in crypto. Just go back and look at the dot.com boom and see how many failed companies there was and how much money people lost.
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From experience, I can say that being a minimum wage earner with benefits and insurance is way better than having to rely on cryptocurrency earnings. Back in the days, the money I've used to buy my first bitcoins came from my minimum wage job. I managed to allocate a hefty sum of that wage to buying bitcoins and got extremely lucky to have sold initially when bitcoin was priced @ $2900 a piece. I profited a lot, yet remained in the company for the next year until I decided to tend to my business and go to another job (which pays quite good). Crypto earnings are big but extremely unstable plus no security whatsoever, so yeah, you get the point.
Most jobs these days have very little security, companies are quick to fire people and replace them with robots or cheaper workers. I saw a survey that said very few people expect to stay at their jobs long terms. Those days when you could spend your life at once company and be taken care of are over. |
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Maybe the question is, why are those exchanges supported BSV in the first place if they believed that Craig Wright is not Satoshi? Hmmm. So it's a bit scary that exchanges now have the power to delist if they don't agree with the people behind, just saying.
I know and SV still has high trading volume, there is something shady going on here because exchanges aren't one to turn down money from trading fees. There is a coordinated attempt to destroy a coin which is very scary if you don't agree with the particular project. |
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Hey thanks all for the messages and help.
For why im even considering this is because my electricity deal is quite cheap, only 0.0575€/kWh so...
I will try to test the waters when the GPU arrives and if im doing profit, then probably im investing in some rig.
I was about to ask why not use water cooling on rigs but that would raise ROI even more...
Will post more when the GPU/memory sticks arrive.
Bagge
Thats not cheap compared to what the big farms are paying. Sure, it looks like a good deal for normal residential rates but I still don't think its worth it for you. You have to strongly consider how much the difficulty will continue to rise so your expected daily profit will not last long. |
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This is why its worth keeping a some very cheap buy orders set just in case a flash crash happens. I've seen this happen a decent amount of times when bots go off and a cascading trigger of stop losses are set and the price drops to almost nothing.
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IF you are on the players side it should always been seen as entertainment, only way to consider it an income source if you own a casino or are employed by one. People that think they can make any guaranteed amount of money are delusional, casinos would be out of business if they could consistently be beaten.
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Not sure how to feel about this, the delisting is giving more credability to BCH as it continues to rise because investors are leaving SV. Some say its a free market when exchanges choose what to list but this shows how much power they truly have. They can work together to destroy a coin which is pretty scary.
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Yea, I agree with freebitcoin since they provide free lotteries. I never won anything though for more than a year rolling like stupid. However, at least it won't suck your money, only suck your time and a little bit of energy to click.  Thats even worse, time is valuable and one of the few things we can't buy more of. These websites aren't a charity and they are making a profit off all of the visitors. |
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CSW has been able to deceive some very rich and powerful people. Just goes to show that charm and personality and charm can go a long way in persuasion. He has said that the dead partner held the keys to those early addresses, awfully convenient isn't it.
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Your saying that you are a full time trader but you did not making money? How come you became a full time trader if you are not earning a money? don't make us laugh about that. If you are a active trader or a full time t rader must earning money although it's low. If you are a trader you must makin a money so that you may called a full time trader in which you are making a job is a trader.
Just because he says full time doesn't have to mean he is making a profit. Lots of full-time volunteers, hobbyists,interns and retired people. IF he enjoys doing this let him be and maybe he will start making more money once he gains more experience. |
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First of all congratulations. I don't know much enterpreneurs who are brave enough to take Bitcoin as a payment method. It's still rather risky anf often connected with some difficulties. I beleive that implementation wasn't that easy but I hope with time this would become usual thing for many businesses. This should be one of examples how to implement cryptocurrencies in real life.
Your making crypto sound like a hassle to accept when it is not. It is very easy to accept crypto payments for your business, the only real downside is the volatility but that can often work in your favor when the price skyrockets. Credit cards charge high fees from the seller's pocket so crypto helps negate this. |
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You can find many honest sellers right here on this forum and then you won't have to pay any exchange fees. Just make sure they have a good trust history and if not use escrow to be safe.
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