What if the coin goes DOWN?
Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.
Purchase miner for 0.75BTC. Mine 0.375BTC. BTC goes down to say $100. You have 0.375BTC worth $37.50. Don't purchase miner, keep the .75BTC. BTC goes down to say $100. You have 0.75BTC worth $75.00. No matter what happens with the exchange rate of BTC or whether it goes up or down, 0.75BTC is always more than 0.375. At this point I simply refuse to believe that anyone can be this obtuse or ignorant. You must be trolling. I thin it's YOU who is trolling... BTC @ $600(USD) I Buy 1 coin BTC @ $600(USD) I buy mining equipment for 1 coin BTC @ $550(USD) My one coin is worth $550 BTC @ $550(USD) My mined amount can go OVER $550 because I can mine 1+BTC with it.Are you so obtuse or ignorant that you cannot understand something this simple? So you're finding the magical miner that makes more BTC than it's initial outlay. Not one BFL device did that. Not one Cointerra. Not one Hashfast. Not one Black Arrow. None of the Avalon B3s. THe first 2 Avalons, the first KNC Jups, and the first S1s did this. Dragon, Rockminer, SP30s won't. Good luck. you are assuming quite a bit saying a dragon will not do roi in btc. it could. you have no idea of power cost for someone. put in 1th with 0 power cost it will get a lot of coins. also there is a power wall for asics. and it will be reached when it is reached growth will slow to a crawl. if power wall is .2 watts diff will max near 600g since no one could earn money even with 8 cents a watt. and if the power wall is .35 watts diff maxes near 400g at 8 cents so at a diff of 600g and free power the dragon keeps earning money. So free power people with smaller rigs will never disappear. I made roi with s-1's purchased in may 3 for 1.15 btc how did i do it. power at an 84 % discount. 14 cents a kwatt cost me under 2.5 cents. So I will never be fully pushed out of mining due to my power discount. Well you're obviously the exception to the rule. Maybe the OP was overstating it by saying it's "impossible". But the sentiment is still true for 99% of us. yeah spot mining at home with a power discount will work. figure ways that the heat works for you not against you. make deals with people that have access to low power costs. >>>> big upside if you find them.. I have the one spot 14 cent power is discounted 84% down to 2.24 cents. I must not run more then 800 watts. I must make the gear quiet. There are places that s-3's will pay to run. I know of 2 developments near my home in Howell NJ that use electric power to heat their home. Old school baseboard heat heating bills are 300 a month in small 4 room homes. I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit. While Antminers aren't known to catch fire, be careful with extending out your liability to other people's homes. It's one thing to mine in your own house and keep an eye on your equipment. It's another to have somebody else's home go up in flames due to a power supply failure - and that probably won't be covered by the homeowner policy. |
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Im new , how can I be good at day trading?
If you're going to trade, just trade BTC/fiat on an exchange. There's no point involving ghash.io in the middle and having them take profits each way. On an exchange it's just you and the fiat price of you coin, mines trading fees of course. |
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Meh and the S3 batch 1 sold out quickly. Oh well, too late to jump on now. I'm sure if I order 10 now I'll get mine delivered just in time to witness a large difficulty spike when they arrive  |
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its been last 5 days watching over this bitcoin thing and i have some extra cash so i just wanted a suggestion that if i start mining today by buying the hardware would i be in much profit or its just a decent profit??
and i dont have hell of cash its just my pocket money which i would be investing.
so finally is it profitable for a beginner to start mining today?
and i see the difficulty rate increasing like anything day by day..
if yes plez just suggest some hardware which is ecnomic and will pay back in few months.
No miner pays off in a few months. Exceptions are: your power is really cheap and or free. You run a business that uses electrical power to dehydrate food.You use electrical kilns to dry lumber. You buy today and coins go up like mad.-------------mining in this case makes usd / fiat profit. not btc profit. say 1 coin at 620 usd or .5 coin at 2000 usd. buying and hold a coin may do better but faces different tax law then mining for a coin. Oh I don't think you could use miners for food dessication. The mines emit too many VOCs and they're not certified food handling equipment, so at least in the US it would be a no no to do it for sale. Could you dry your own beef jerky at home, yeah, but just don't sell any food because the fines are insane. you would need to use the hot air from the miners to heat a coil. then use a fan to blow on the coil. thus the air used to cool the miners never touches the food. I have penciled a few designs that use this approved rack http://www.lemproducts.com/product/stainless-steel-dehydrator/jerky-food-dehydratorsthis is an 800 watt rack . if you do no use the heating element and use 3 s-3's the key would be to transfer the heat and not the air. I have a few ideas on how to do it. This is an invention waiting for this industry here is an item that burns 800 watts of power for heat. Combine the s-3 with this and make a safe dehydrator. That's asking for 2 points of heat transference which is not particularly efficient. Heat is most easily transferred through solids or liquids. A better solution would be to liquid cool the miners and use the heat given off by the radiator to dry the food. As long as the radiator has no reactive paints or chemicals on it's surface it should be certifiable. |
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Unfortunately tidal power is very unreliable compared to solar and wind. There are fewer places where tidal changes are reliable enough to generate sustainable power. Hopefully that will change in the near future.
Wait a minute, maybe you meant another adjective other than reliable. The tides are connected directly to the motions of the moon and the earth and their relative position to the sun. What's more reliable than the fact that the earth turns on it's axis? Maybe you're talking about the fact that the size of the tides varies a lot from locale to locale. Have you seen the worms and floater and other devices that are trying to capture tidal power? Most of them are not based on the coast since that land value is too high to warrant putting a plant down. Most will be further in the water. They need the constant wave action which is not always guaranteed except in some areas. Same could be said for wind to a certain degree. Solar is much more reliable (steady) compared to these 2. To be honest I don't know much about those devices at all. But the way you describe them makes them sound like they aren't relying on tides so much as on swells and surface waves. If you put a turbine underwater at the mouth of a bay you can guarantee the rate of water running through the turbine based on the tides. If you're talking about putting a bobber on the surface and using the up/down action of the surface waves that doesn't seem directly tied to the tides (excuse the pun). Pretty much every environmental group would be opposed to putting a turbine at the mouth of a bay considering how ecologically sensitive such an area would be. As noted above any use of tidal or wave action would require off shore deployment. |
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Cloud mining allows companies to take your money and make profits with it. The end user does not make profits from cloud mining.
In what scenario have you ever seen companies give away profit? Companies like Pizza Hut will allow you franchise, but you have to do work to make a profit (and they still get their take). Why would a mining company readily give up free profit that requires no real work?
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Because in this world intelligence is not require to obtain wealth. The scammers utilize this group as their tool and are capitalizing on their victims lack of intelligence or due diligence.
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Today's qualified participants have been paid.
commandrix - 0.05BTC - 23ac917b75dcd999e517ce6d70357e49014b1b094ffc94ea97074a684bc6062e
mezmerizer9 - 0.05BTC - 26888d222ce97eb7f0f86c1acb4bfa53f5be3b3fba044b27985a9ce3c9fb9fd9
hodlmybtc - 0.05BTC - 21d4ced28493789881b723f84b5ee02fda34b82d3292b55f3ebaedd4225a8fd1
Bitsaurus - 0.05BTC - 653888177d9bf14b721495b9c9cc6974f0b89f7fd565bf65198787ed67dfc815
Received and gave you positive trust. Thanks! |
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Even if it is unprofitable to mine at home people may still do so if they have a sizable investment in BTC and would like to help keep it decentralized. I'm losing money mining but I still do it since I have a heavy BTC investment.
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I don't want to be prudish, but it might turn off the few women on here, like myself, who are into mining. I understand it's in jest and that's the same name as the thread on this forum, but other women may not be so receptive.
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Unfortunately those older computers don't really support modern GPUs so you can't GPU mine. The CPUs are too old to mine CPU coins since they don't have the instruction sets.
The only thing it would be good for would be hosting some ASICs, and even then those CPUs are so old you cannot run a 64 bit OS, only a 32bit OS.
So in short, no you can't mine. Sell them for a couple bucks.
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3G shouldn't be an issue as long as the latency isn't too bad.
Keeping the miners happy without them overheating might be an issue since you are forcing the heat to a "pressurized area" rather than free expansion like an exhaust vent.
You would need a little thermal engineering for that and some isolation from 1 room to the other.
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Well there's Joe Biden's son joining on Ukraine's oil board essentially so no, there's no hanky panky going on - not even a smidgeon
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The Obama administration has essentially decided that no one is going to be criminally prosecuted over this scandal. Which translates into they want and intend to continue targeting opponents. Signalling this in the fashions they have will likely result in short term ten times the corruption. The Obama administration has aggressively opposed any kind of dissent on many fronts, from the IRS harassing groups that oppose it's views, to tapping the phone lines of reporters who receive information from leakers in the administration to the supreme court who was potentially going to overturn Obama's unconstitutional health care law. Well now media has become paid shills of the corporate owners. Very few journalists now, and even fewer people who seek out the news rather than opinion. People want news they can agree with, not news which disturbs them. You will find this scandal pushed under the rug like all the other phony scandals. |
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No major change in the usage of energy since the beginning of the last century. We still rely on power plants built 1/2 a century ago. Cars run on the same hydrocarbon fuels, except now we can lug around heavy batteries too.
For every 1% increase in efficiency the world is using 2% more energy.
Yep Jevon's Paradox the more efficient the technology the greater the consumption. At least it means we are finding efficiencies though take the nuclear energy industry no new capacity since the 1970s but it still retains the same market share due to improvements over the decades. I'm hoping India's thorium projects will provide some critical success and show an alternative to the current fuels used in modern reactors. That is a project that has a 50 year vision, not the week by week energy policy of the US. |
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Just be warned with new signature campaigns. They can have you advertise for a month and then disappear without paying. The income for sig campaigns should be incidental - you should not post spam posts and "me too" or "+1" replies to pad your post count.
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Coinbase is very convenient but know that all the purchases and sales are being tracked and most likely will have a 1099 issued.
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Hello
I recently deleted a wallet by accident but I still have the 12-word password.
I'm wondering two things:
Do the 12-word passphrases work for any wallet or just the one that it came from?
How do they work? I tried searching for it and I couldn't find my coins!
Thanks!!
Is this an Electrum wallet? Negative. So that 12 words is really your password rather than the wallet seed. OP, Sorry to hear your loss. You could prevent the loss if you have made backups for your wallet file. Having backups of the wallet.dat file is good, but having the keys on some paper or spread across 2 papers and keeping multiple copies would be even better. It's not worth it for $50, but for 2.5BTC it's worth the effort. |
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It will always work for the private keys that are included in the back-up. But remember, if you regularly create new addresses, make transactions, etc, you must back up your wallet regularly. Otherwise, new private keys generated may not be included in your original back-up.
Thanks, yes this is the point, how many transaction can be done before the old wallet.dat must be updated? wallets allow you to create unlimited amount of addresses with the same original backup. +1. It is very easy to make backups with deterministic wallets (like Armory and Electrum) as you only need to backup the seed. Plus, the seed would be enough to generate all the addresses you created and to be created in the future. Also adding to this, once you have a paper backup of your wallet with the seed, you can restore the wallet anytime even if you forget your passphrase on the wallet.dat file. So many people post here stating they forgot their password or must have entered it wrong. |
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