I guess you question is not correct asked, the price of bitcoin is not determined by electricity or such other factors than the factors that can directly or indirectly affect the price of bitcoin. But, I guess your question is what is the profit of bitcoin mining after considering all factors that can lessen the profit', factors like electricity cost and the likes. If that is the case, you will need to talk more about your region because the cost of electricity will be costier from one region to another.

For example
If you are in a cold region, you will spend less on electricity because your cooling equipments will not be used often
Also available of equipments like miners and other mining hardwares
The cost of electricity itself
Cost of labour in case you employ people to do one work or the other for you and pay them

Then, after determine these, you can be able to determine the net profit of bitcoin mining.

If you are working for a company and contributing good and being paid for that, will you be guilty of being contributing good while the company is paying you?

Will you be guilty of not disobeying the company rules and receiving payment?

So far you have service to render and being paid for the service will not bring you guilt but happiness.

That is exactly what the OP would want to pass across but it is in a confusing and wrong way. But, not only exchanges but any other wallets that are providing custodial services fall into this category. If the user do not have the private key to ethereum wallet, this would lead to coin lost if ERC20 token is sent into the ethereum address.

But not only that, for complication not to happen, sending ethereum to some noncustoial wallet could be wrong until you import the ethereum private key into ERC20 supported wallet. Blockchain wallet is a good example for this, like if ERC20 token is sent to blockchain wallet address, nothing also will appear on the blockchain wallet balance.

We need to make sure we know the wallet we are using support ERC20 tokens before using its ethereum address for ERC20 token.

Bitcoin is not a currency, although regarded as a cryptocurrency not currency. Currency is regarded as the physical form of what we can spend just like paper money, the instrinsic value of a currency is money. Money has instrinsic value while bitcoin do appreciate  All these makes bitcoin to be a cryptocurrency, money and asset but not currency. About bitcoin cloning, it will be a critism from the novice side because only 21 million can be in total circulation, not fake ones can be made. Bitcoin price do fluctuates but not a bubble but an asset because over a long time period, the price would hava net increase.

You are right, but these are not the only reasons why bitcoin is not banned. Despite these, bitcoin is banned in some countries, there are strict ways governments can make sure people do not really make use of bitcoin. But, what I have noticed is that bitcoin is liked by people, and many government officials are even having bitcoin and will do their best not to ban it. What really make bitcoin successful are what you commented that it is decentralized, but also deflationary.

Backup of private key on email is not advisable because anything on email is anything online. There are many series of reports of peoples' email being compromised, and in this case can be an easy way for the hackers that compromised the email to lay hand on the seed phrase or private key. So, storing sensitive information on emails is not safe at all.

Storing seed phrase or private key on a phone or computer is not also also safe, not safe because the device can be damaged beyond repair in a way someone can lose the seed phrase or private key.

The best way to go is to store your seed phrase or private key offline, no hackers can know what is offline online which makes it safe. But, there will still be need to safe it from offline attackers and damages. Also, triplicating it offline will be best by also keeping the three backup in three different locations.

What if bitcoin price do not decrease? Nobody knows if it will decrease or not but the institutional investors makes the price hard to decrease. If you check bitcoin price very well now, you will see the support price I have once commented about, it is around $22750. If institutions still support bitcoin, then they will be the one to increase the marketcap that will reflect on the price as increase. Very possible bitcoin will still surpass $25000.

This is so serious. Firstly, we need to know the fact that Google is the home to scam apps while the government that suppose to make google safe for users are not doing anything but looking what google are doing by not having effective measures to finally free their app store fake apps. Secondly, some people do comment about open source codes wallets, that such wallets can easily be mimicked and have fake ones, but why trust wallet which is close sources like this too in a way there are many fake trust wallets.

It depends on you. Some people are long term holders while some are traders. The price is not easy to predict at all in which not knowing if bitcoin price will fall now or continue to increase. Today's bullback could just be deceive as analysts have predicted bullrun to come which could possibly trend up bitcoin price to a price above $25000. If $25000 is achieved, and support is at that point, that means it is possible for bitcoin to get to $30000. This may not be the end of bullrun, and the strategy you use can be to sell now which is dfferent from holders strategy of not selling now and still ready to hold. The price of bitcoin at $22750 now as the support level in short term may still make the price to increase above $23000 again and rallying to $24000 in which could result to achieving $25000 or more.

* Never share the 24 words of your recovery phrase with anyone under any circumstances.
* Never validate a transaction on your Nano if you are not the author of this transaction.
* Ledger can not and will not deactivate your device. Ledger is not in a position to 'block' or 'deactivate' your device. Any request asking you to do this is a scam attempt
* Ledger will never contact you via text messages or phone call.
* Always make sure that you interact through Ledger’s official channels, not the fake ones that might even resemble the real ones, you must be careful.

Authentic Ledger domain names are:
@ledger.fr
@ledger.com
@ledgerwallet.com
@ledger.zendesk.com

For more details and to know about the 'ongoing phishing campaign'
https://www.ledger.com/phishing-campaigns-status

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Ledger users personal data was compromised in June 2020, and after then as being many reports of phishing attempts and in which many users lost huge amount of bitcoin and other cryptocurrencies.

https://cointelegraph.com/news/ledger-users-threaten-legal-action-after-hacker-dumps-personal-data
According to a tweet from network security firm Hudson Rock's Alon Gal, a hacker allegedly behind the breach of personal data from hardware wallet Ledger in June has made all the information they obtained available online. This reportedly includes 1,075,382 email addresses from users subscribed to the Ledger newsletter, and 272,853 hardware wallet orders with information including email addresses, physical addresses, and phone numbers.

Although, if someone can know about phishing attempts he can be able to avoid being scammed by not

1. Giving out his seed phrase or private key
2. Not clicking on links on the phishing emails and personal messages

But what about peoples personal or home address that is known to public and which hackers can now link to ledger wallet users.

Ledger nano phishing attacks are too common these days, it is all common, and heard all over the news. Although, it is good to be careful of phishing attacks by not click on phishing emails and text messages, but how about peoples that their home addresses and phones numbers are known? Possibly these scammers can link ledger nano wallets to personal identities which could be far and also more risky as others could be. I think noncustodial wallets should be in a way it can not be linked to someone's identity but these phishing attacks making this very possible which is very dangerous.

There was a report that emails from over 1 million users that subscribed to the Ledger newsletter were compromised, also during the process of buying the ledger hardware wallet, some users gave out some details such as emails, home addresses and phone numbers, which were also leaked. Many peoples home addresses are linked to having ledger wallet, and home addresses are known to the public which can be a possible threat later that can possibly result to kidnapping of ledger wallet users.

Coinbase would probably still reply you, but with your complaint about account restriction, I will suggestion you to use a wallet that you will have full control over in order to avoid this from being happening again. If you have the full control over your wallet by using noncustodial wallet that generate you private key, you will be able to do anything with your funds at anytime you want unlike custodial wallets which you do not have full control over in a way the party providing the service can let you not to have any control over it.

It will be good to check this below:


There have been some vulnerabilities that were reported about trezor too at one point in past times. But, many hardware wallet scam victims were scammed during phishing attempts.

So far you do not have any issue before with your trezor and ledger nano, you do not need to bother yourself. Just make sure to be careful of malware.

Satoshi created bitcoin to be completely decentralized in a way he himself or they themselves remained pseudonymous since 10 years ago. With what people are thinking, Satoshi's work has been completed to create bitcoin and was successfully created. Satoshi's work is not to give people bitcoin.

But, people that like and wants to give bitcoin can give it. Just see bitcoin as an asset and a real money with intrinsic value. So far commodities like gold can be given by anyone while fiat can also be given by anyone, also bitcoin can be given by anyone. No need to centralize this on Satoshi Nakamoto. Although, he created bitcoin but not the owner of bitcoin.

People should also be careful of scammers, because there is nothing scammers can not do to steal bitcoin from someone, for example during free giveaways.

I am not a fan of blockchain, but according to blockchain wallet support writeup, I found this:


Normally, miners are the ones that determine the fee in accordance to mempool congestion. While you are not able to edit the fee on blockchain wallet and yet sending with the estimated fee by the blockchain wallet itself, the transaction ought to be fast which should be 10 minutes in average with high fee. The conclusion is just that blockchain wallet fee esitmate is poor.

Use better wallet, if you can not buy hardware wallet like trezor or ledger nano, you can still make use of electrum wallet which have good and standard fee estimation. You can even still make use of fee customization in addition unlike blockchain wallet.

Yes, there are guru on this forum that can help you with restoration question of any wallet you want. But about myetherwallet, did you back up the seed phrase that was generated by the wallet while setting up the wallet on your device. If so, to recover your wallet as a whole is not an issue, just download another myetherwallet on the device of your choice, and use the recovery phrase to recover back your wallet.

To help you more with this, are you using a computer or phone? Which one did you want to use to recover back your wallet?

A trader can buy at anytime the coin he wishes if provided that he has made appropriate analyses that signals buying time for profit. Taking for example that holding is completely different from trading entirely, traders are both concerned about pumping and dumping prices and making use of it to make gain. Traders should just be making sure they are well disciplined and not having greed at all because the market price can favour and while good trader can take advantage of the little gain by closing his trade, a new trading with low level of experience which do not have such experience can later lead to the market not to favour at a point in time again which can lead to selling at low price and losing certain amount of money.

Although, I registered my Bitcointalk account this year but I have heard before I register my account about 'HODL', that the special way that is referred to holding of bitcoin for long term which is HODL is said to originate from this forum. I have never seen this post before but this would definitely be the post. The day is unique and should be remembered and what the OP said are all true. As at 2013, those that hold bitcoin up till now are now millionaire or more.

Before bitcoin cash hard fork, the issue was the fact that bitcoin cash community were demanding for block size to be increased which later led to hard fork that resulted into bitcoin cash creation. But, bitcoin community that see bitcoin as an asset still defended this fact and yet all the hard fork coins even after are nothing before bitcoin today. My opinion about bitcoin is that it is an appreciating asset, no need to increase the transaction fee because bitcoin itself will increase against fait in such a way miners will see mining profitable. If bitcoin possibly is increasing in value (price) which could also probably increase more in value (price) in later time, with the increase, it will be able to sustain miners to mine profitably. Only bitcoin to be an appreciative asset is enough for bitcoin to defend itself after all bitcoin are mined.

What I am trying to comment is the fact that bitcoin being an appreciative asset will make the mining fee to increase in fiat prices but not increasing in bitcoin itself. People that find it difficult to pay for onchain fee will later be resorting to lightning payment possibly.

This was anounced three day ago or so, if exchanges are adopting bitcoin lightning, it can be a great move towards lightning adoption generally. But we should still not to forget that this type of exchanges are custodial exchanges.