I obviously know what is cloud mining. But Stormgain claim that they use the power of your computer along with their cloud powers. However, unlike normal cloud mining services they do not offer any kind of cloud mining subscriptions which means that their cloud mining works only to maintain a free browser mining button. I still didn't see anything that can justify such business model.
I would say the latter, considering their claims about mining up to 0.0318 BTC in a day using their cloud mining service. From what I understood, this is how it works: you get some free cloud mining package in order to hook you up, and then to speed it up you have to trade on their platform. The more trading volume you have, the more mining speed you get. Maybe they are legit exchange, but their story about cloud mining seems like a total bs and that alone is a reason enough to stay away from them.
I didn't see any kind of subscription. Your loyalty level grows based on your current balance. Seems like it was initially built as an exchange platform. This is what actually creates a feeling that this is more an exchange with a faucet rather than mining service. Also, I have no Idea if stormgain is actually mining something via my laptop and it is not just a fake faucet created to attract users to scam exchange service. I would say the latter, considering their claims about mining up to 0.0318 BTC in a day using their cloud mining service. From what I understood, this is how it works: you get some free cloud mining package in order to hook you up, and then to speed it up you have to trade on their platform. The more trading volume you have, the more mining speed you get. Maybe they are legit exchange, but their story about cloud mining seems like a total bs and that alone is a reason enough to stay away from them. Or maybe someone knows a better service?
Avoid cloud mining services and instead just buy BTC. And if some cloud mining platform offers you a free BTC that means that you are a product. I was looking for anything to mine on my own pc, this service just popped up. I have no idea what part of their business is actually on the cloud. |
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I've been looking for a service that would help me to mine thru my browser. I want to use it on my work computer so it is important to have like a simple on/off button for a fast setup.
I have managed to find a platform stormgain.com that have such feature bur I didn't manage to find any serious feedback on that. Also, I have no Idea if stormgain is actually mining something via my laptop and it is not just a fake faucet created to attract users to scam exchange service.
Anyone got any thoughts on them? Or maybe someone knows a better service?
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First of all, I see many business news from Forbes / NYT / Bloomberg in my feed that are mot related to crypto. I don't know if you intended to make it like that or there is an error with your filter and I like reading business articles ( 95% of crypto texts are complete bullshit, it is a pleasure to read something written by pro journalist in Bloomberg) but for a crypto news aggregator maybe it is worth moving them into separate feed?
Also, it would be nice to have a short list of top trending news somewhere on the side of the article (maybe somewhere under "hone" and "follow us" sections..
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Check the newer Bitmains miner which is the Hydro s19 pro+ according to ASICminer value you can earn 26$ daily the ROI would be around 1 year and it also depends on the price of Bitcoin. The difficulty increases from time to time so it depends on the price of Bitcoin if you can get less ROI reach or ROI more than 1yr.
You can find other ASIC miners from asicminervalue.com if you are looking for a higher profit with less ROI but don't buy on their 3rd party sellers listed there only buy directly from the manufacturer or verified distributors.
Did you exclude the electricity price from your number? As per mining calculator, with s19 pro and electricity price like 0,06$ per KWh (which is a low price) you will earn 17,5$ daily. So even with low electricity price it requires 1,5 years of non-stop work (may be longer if you consider halving) of s19 pro that costs 9,5$k + probably some other expenses. So generally, OP is right. According to mining calculators, purchase of asic miner would pay off in about 2 years depending on your electricity price. Right now, crypto mining is not a free money. For single individuals mining profitability depends on upcoming BTC price. If it rallies anytime soon then your purchase pays off faster. spam
Reported. Burn in hell. |
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Kucoin recently sold another round of their mining contracts. I have calculated that buying a contract and hodling mined BTC for all 220 days would get the same revenue just as if you bought BTC for roughly 36k$. Right now it seems like a good deal but it was not so clear when people bought contracts while BTC was at 40k$.
Generally, if you find a legit service provider then you may try it. If BTC goes up then you are cool.
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These ads are pretty efficient since such events like a serious tennis game are making the service look more legit. But it doesn't seem like this type of ads is moderated by at least someone. I've recently read that there is a well-known russian semi-scam betting website 1xBet and one time their service was advertised by Barcelona FC. So if it works like that with high level players then I guess that they wiukd advertise anyone who pays required amount of money. No matter if it is a crypto exchange or a local bakery.
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From what I've heard, major exchanges are splitting their balance between multiple addresses in order to secure at least a part of these funds. Also, exchanges are making their own emergency funds that chould help in case of hack. So even if it happens, only a part of coins would be stolen and users would get a repayment.
It is definitely a red flag if the owner of the company have uncontrolled access over user's assets.
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I have 2 grow lights, which I've used for years.
The light has to be positioned as close to the plant as possible to be effective.
Many place the light 2 or 3 feet above the plant, which is too great a distance.
What plants are you growing? Parsley? Dill? These light might be fine for vegetation but I can hardly believe that after flowering it may give a decent weight. If you ever decide to buy new lights then consider buying a good samsung LED quantum board with dimmer. It would be better than both of these Chinese LED combined. Using them is a real pleasure.
The light has to be positioned as close to the plant as possible to be effective.
It could burn your plants to ashes if these lamps had real 600wt or 1000wt of power. Did you try to measure the power or lm of these chinese lamps from the 1st pic? I'm curious what is their real power. |
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I don't think that FED would somehow decide to make a free currency. They 100% need to remain control over it in order to impose different monetary regulations since it have significant impact on export and there is almost no way to do it with crypto.
I think central banks may eventually offer CBDC funds which payout annual APY % similar to a bank account. That's one area they're established and can offer FDIC and other forms of insurance to cater to consumer brand name trust. It is also an area where crypto currencies have difficulty competing due to lack of FDIC and similar industry guarantees.
This feature doesn't seems like something groundbreaking that should make people switch to CBDC. If it is the best they can do then CBDCs are screwed. |
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These growlights from Hydrogen's screenshot are complete garbage. There are so many people buying them on aliexpress and then wondering what da hell is wrong with their plants  Growing is a great hobby but in case with current situation in the world, most food shortages are happening due to demand deviation, not because humanity is running out of food. Seems like we can't avoid such situations. |
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Hihi, let's hear from the guy himself: https://twitter.com/paultang/status/1508375282712993792So the identity of unhosted wallet-holders needs identification - just like you need to identify yourself when you deposit money at the bank. And we want authorities to be notified in case any one person receives a total of €1000 + from unhosted wallets. This is a red flag. 4/ So, in case I send 1000$ to mikeywith, I need to identify myself, he needs to do the same. It's not about crypto services, it's about transfers between every! single person. Oh lol. Then I wish him a good luck with non-custodial wallets. I'm pretty sure he will fail with them or at the worst case they would be somewhere outside of EU jurisdiction. Nothing can be seriously changed there. But with custodial services there is nothing new, they all already have KYC (some of them have $ threshold and another require KYC just to use their service). Government would probably try to enforce some extra regulations but I can hardly expect anything game changing. |
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It is pretty logical if he is talking regarding businesses accepting crypto as payment. For some people it is pretty naïve to believe that companies start accepting thousand $ worth of crypto. It doesn't work like this with fiat and there is absolutely no reason to change it for crypto. Seriously, try to take lots of cash and try ty make an expensive purchase somewhere in US or EU. Lovely visit to the police is guaranteed.
This guy is talking about KYC for crypto services which we already have and €1,000 threshold for it which is a fairy high number ( at least better than complete KYC for all crypto transactions).
This is already happening to some extent. But for some p2p services and if you are using a trusted platform, there's no need of full KYC. There are some instances that you do need to disclose your identity especially if you are using a legal 3rd party service provider that are operating under their government's jurisdiction. And most centralized exchanges are now also asking for compulsory KYC, so this is not new anymore. Though there are still services that we can pay anonymously but the number of merchants requiring KYC for crypto services are now growing. Even p2p platforms are having KYC today. There is almost no way to buy crypto without leaving your data. At the best case you will still have to pay with your card which would still reveal your identity. It shouldn't harm the normal users but is someone is trying to cheat KYC then most likely this person needs this btc for illegal activities. This guy is talking about KYC for crypto services
It doesn't say so. I guess he means so. I just highlighted the general topic since many people are imaging crypto apocalypse when reading something about possible restrictions. "Just like bank transfers, transferring crypto like Bitcoin should be accompanied with information about the person sending and receiving the funds,” he wrote on Twitter earlier today."
They are talking about all transfers, just like the last regulation of Coinbase, if you reside in Canada, Japan, or Singapore you are required to provide information about the recipient even if you were sending them to an individual. This actually seems like one of the possible KYC options. Hardly imagine this would somehow apply for non-custodial wallets and their transactions. |
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The Russian rubble (as well as many other fiat currencies of the work) have been on a steady decline since the past five years, no wonder Russia is now looking to turn to BTCitcoin for help.
Sounds like you truly believe that price increase is the main purpose of currency's existence. Believe me or not, but it is not true and these monetary things are a bit more complicated rather they seem.
Meanwhile on the other hand, BTCitcoin has been on a steady rise in the past five years, BTCitcoin is the digital Gold.
Wrong timeframe, dude. If you switch to 5y timeframe you are talking about, then you'll see a picture that reminds a rollercoaster. P.S. News from russian prime minister are most likely fake. |
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Did you also notice that the second cycle was 43% longer than the first cycle and the third cycle has been shorter (incomplete)?
What I think is that this cycle was incomplete. For example if we go on based on the duration this cycle should end (the bubble) at least by the end of this year. If we go by size, the bubble should be $450k at least.
so the only conclusion I have made is that the 4-year cycle trend is either broken and we are seeing an entirely new trend ahead of us or there are still some months left (maybe 6+ months) in it to reach that bubble and burst final stage.
These cycles are different each time. Previously we had lots of ICOs that created a huge bubble. However, the latest growth was partly due to increased adoption and increased amount of institutional investors. No one knows if we are currently in the bubble or if we should expect correction anytime soon but hopefully, during the last bull run we got more of "legit money" and this time we might not get a miltiple-year downtrend. |
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It is pretty logical if he is talking regarding businesses accepting crypto as payment. For some people it is pretty naïve to believe that companies start accepting thousand $ worth of crypto. It doesn't work like this with fiat and there is absolutely no reason to change it for crypto. Seriously, try to take lots of cash and try ty make an expensive purchase somewhere in US or EU. Lovely visit to the police is guaranteed.
This guy is talking about KYC for crypto services which we already have and €1,000 threshold for it which is a fairy high number ( at least better than complete KYC for all crypto transactions).
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Using the vehement stance of György Matolcsy( Hungarian Central Bank Governor) as an instance; he feels crypto should not be even considered, as it could be used by some members of the EU to fund illegal businesses.
No shit! Some Hungarian dick said something. Breaking news! Seriously. Hungarian Central bank is not the most influential authority and their governor have a smaller scope of work since they got their own Forint. This guy's opinion regarding crypto doesn't have any weight. There is no reason to expect someone like FED to change their policy after that. |
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I did not understand how it works, but - why does APY decrease with increasing time?
- The return on one day is higher than 5 days, is it not assumed that the longer the time, the higher the prediction of the bitcoin price becomes, and therefore the risk increases, which means that the profit will increase?
- Where will the difference come from?
- Is there a specific POOL? Margin or what?
I have no knowledge of the derivatives market but it is supposed to be Earn Up to 56% APY and not more than 100%. APY is decreasing because the settlement price is higher in such case. Therefore, you have more control over which currency you gonna get in the end. High APY is a bit tricky thing. For 1 day contracts it is harder to guess the closure price. Therefore, you got a higher reward but since it is just 1 day contract the actual reward would be pretty small. This small reward would be recalculated like if you've been investing 24/7 for a year (you probably wouldn't be investing like that) and show a huge APY. |
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The difference between competitive production costs within your country, or your products becoming overpriced abroad is perhaps not about nominal inflation or deflation, but how people react to it.
You sell your product for X amount of BTC, then exchange rate has doubled. Is there any reaction that efficiently stops deflation in that case?
Who has pricing power, will workers go on strike and demand more increase than current inflation, or will they just do nothing about it.
What I'm trying to tell you, is that with deflation you will loose the market due to high prices and your workers will go home. What they can do with deflation? Make a strike to lower their salaries or what?
In deflationary spiral, the country could also buy products and labour for cheap from countries that have printed too much fiat. In the end, nothing will be permanently overpriced due to deflation.
It is so funny to see many people here seriously thinking that inflation is only about money printing  So this is how you think the perfect crypto economy should work? You are having a deflating currency and you can just sit tight, scratch your balls and order all goods and services from abroad for BTC profits. |
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You probably would not be able to earn interest on LTC on decentralized platform (same with BTC but you can switch it to WBTC). And most of their staking options that offer insane outcome are provided only for shitcoins and it is a huge doubt if it worth investing on these alts at all. The best thing you can do is stick to anything reliable like ETH there. I like exodus wallet with built in staking/rewards. Not sure about decentralized exchanges or staking platforms though.
I guess they are providing staking on blockchain, not on DEX. |
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In 2018, china announced it would denominate oil transactions in its native currency, the yuan. At which time, people referred to it as the petro yuan. China also initially announced it would offer yuan exchange for gold, to setup something resembling a gold standard. Unfortunately, this aspect of the announcement never materialized.
Seems like they have change their minds on it. Years have passed and we still didn't hear anything about yuan as international currency.
Today it seems russia is prepared to sell natural gas and oil in bitcoin. Could this signal the beginning of a petro bitcoin? Russia also seems to be offering to sell its natural resources in exchange for precious metals like gold. A move which precious metals supporters who have long called for a return to a gold standard might approve of.
Most likely this claim was just said for sake of saying it. Low tier legislators in Russia often say different bullshit in order to get quoted in the media. However, if it really happens. Then it is possible to use Bitcoin liquidity to support bitcoin transactions but then we might get another wave of bans or shutdowns due to sanctions. US politicians would easily choose to confront cryptocurrencies in order to shit russia. |
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