Who owns the reliable information that the network bitcoin uses more than 80% of the countries separately electricity. Bitcoin also multiplied by several times the amount of energy consumed in the last year. Is this really true, who will say? So there are thoughts that bitcoin in a couple of years will be a threat to the energy situation on the planet?
Not really. I think bitcoin mining electricity cost doesn't spend that much. Now we have many ASIC miners for bitcoin. ASIC is more effective than GPU. The energy consumption relative small if you compare with the very high hash rate in ASIC. So, i think the energy of the earth will be okay. |
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LOL i thought you really bought BMW using bitcoin at first read. Few weeks ago i heard that KFC has accepting bitcoin for the payment of their meals, now i heard BMW. It can't be avoid, many peoples and companies will using bitcoin someday in the future because cryptocurrency is a great technology. When everyone already using crypto, i think we don't need paper money anymore. |
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Hi
I am new on this digital form of business of mining bitcoin. No prior knowledge. I just install electrum software on my PC.
Now what should I do next inorder to initiate this digital bussiness. How to mine bitcoin using electrum?
How should I invite others to fund in bitcoin ?
All the fields are empty on my electrum page except my receiving address.
How do we get the transactions ? I will appreciate if someone guide me how to work on it.
Thanks
Ashan
Hi friend, first of all, welcome to the bitcointalk community. You just came in the right place. Here you can find much information about bitcoin and altcoins. If you want to learn mining, you can go to this section : https://bitcointalk.org/index.php?board=14.0 ( a bitcoin mining section ) You can ask everyone that expert in mining bitcoin there. You will need some mining tools. |
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Like BTC trends , i usually see always LTC follows the BTC trends , Do you agree ?
last year we have seen it , Price of BTC increases similarly LTC price too increased
In my opinion, LTC is the lite version of BTC, so it is no wonder that if LTC following the BTC price. There are some other coins that following btc price as well. Now cryptocurrency price is recovering in the market from few days ago. |
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Yesterday (Jully 17), when I opened MEW link, I didn't asscess . About 30 mins later, I asscessed but website have problem. I didn't do anything and anything was mixed .
after I deleted some of data and reset my computer. It became normal.
What happend? Is it dangerous ?
Maybe you can stop using MEW again from now. MEW is easy to use, but the security is very common. You can easily phished if you not careful enough. Instead using MEW, why not using metamask ? or if you have some money, you can buy hardwallet like trezor or ledger. |
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Hello; good day everyone; I want to setup an ethereum mining rig;
Therefore I want to know what is needed to set it up;
1. The materials needed.
2. The type of power supply needed; cause I plan to use solar;
3. The avenge investment and cost needed to achieve an effective operation.
4. Knowledge on how to build it.
5. What is the profit ratio.
Lastly is ethereum mining profitable
Hello, maybe you can go to the mining section in this bitcointalk here : https://bitcointalk.org/index.php?board=160.0Mining ETH is profitable indeed, but im sure you will find other altcoins that profitable for mining too. The material usually : GPU (VGA CARD), your PC, and mining software. |
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What have you been using your ETH for?
For trading
To buy ICO
For long term investment
Other - explain
i am doing 2 of your options with my ETH, trading and buy ICO. Both of them are risky. When you trading your coin, it means you must buy when it low, and sell when high. Buying ICO tokens is not profitable in a short time, you must have patience to keep holding the tokens. |
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as price is going down what is the best stredigy for for altcoin
When the price going down, of course you must hold your altcoin if you don't want to lose your money. Some altcoins like ETH, NEO, XRP etc, are good enough to hold when market bear. Except you hold some useless coin, just sell it when the price falling. |
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After reading their whitepaper then ask yourself these questions:
1. Does the document make sense to you? (Did you get a picture of the whole idea they are talking about?)
2. Is project going to provide any real solution to any problem? (scam projects usually provide vague solutions which normally does not point out the blockchain aspect in it)
3. Is the document having original contents (scam projects usually copy people's work)
4. How old is their official website (most scam projects usually have new websites)
5. What has the team done already towards the project.(scam projects usually do not have any detailed roadmap)
6. Check the team's profile on linkedIn and also their number of connections. (fake ones usually have low and no real connections.)
7. Check the token distribution. Is there equity and equality? (the scam ones usually allocate higher percentages to the team)
8. Did they give any abnormal price speculations? (i joined one bounty(Crestonium) who promised 3 times profit within 6 months else they are going to refund investors monies back to them. They ended up being a scam)
No matter how vigilant you are, you can still get scammed but at least, you can reduce the risk of being scammed. Enjoy your day
Of course always perform due diligence before you start to investing in any kind of project investment. Thank you for the points you write here, it helping some peoples who doesn't know what to find out. I usually checking their developers profile and their planning. |
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The International Monetary Fund (IMF) just recently posted a picture that shows the evolution of money that people have used since the beginning of human civilization. Will IMF consider Bitcoin as a new currency?  I think currency is a unit we used for trading something precious. If we talk about cryptocurrency, bitcoin will come into my mind. Why ? because bitcoin is the first cryptocurrency in our world. Many altcoins has been created because of bitcoin. |
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Securing your own asset is not easy, you need to find a way to protect your wallet from scammers and hackers.
For securing your coins, you need a good wallet to do transactions, otherwise you still have a possibility to getting phished or hacked.
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Successful currencies meet three criteria:
(1) they are in widespread use as medium of exchange
(2) they serve as unit of account
(3) they are a stable store of value.
Most sovereign currencies fully meet all three criteria.
What about Bitcoin?
I think bitcoin as a currency still not very well done in cryptocurrency world. Bitcoin often used as an investment instrument, or trading. You can see the volume of bitcoin in the exchange, it is very huge. I think this is because many peoples trades bitcoin. |
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Right now, price of ETH is low, is there again rise in the ETH ? I can see eth going above bitcoin because of combination between drop in the price of bitcoin and increase in the price of eth.
ETH is not the next generation of BTC. I like to consider LTC is the other version of bitcoin because it has same algo, but with fast speed. About ETH, for now indeed it is low on the market. But this is because the entire market of crypto still on the bottom. Once the crypto market rise, ETH and other coins will increase as well. |
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How, do you make your own research ?
Well, you need to do some research in their background company, team profiles, advisors, and their planning in the roadmap. More research about their project, their token supply and price, and some other stuff as a complement. This is aim to make you safe from scammer. |
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Which are the best competitors to Ethereum, and why do you think so?
(I know on top of my head that Cardano and IOTA try to challenge Ethereum,
although they still haven't proved much from my understanding?)
I thought the best competitor of ETH is EOS, but now i am a little confused about EOS RAM trading. The ETH smart contract is the best for doing multiple transactions in eth network. But the problem is eth network often congested because some peoples using the gas fee too high. If some new coins want to compete with ETH, they must have smart contract, and the fast network. |
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Newbie here... I've been thinking about buying my first crypto. I think I want to buy ETH, but wondering if I missed the boat already? Primarily I'm choosing ETH because I think there are less foreseeable limitations than BTC, and it seems like ETH is basically accepted everywhere BTC is. Plus its cheaper  Is now a good time to buy it? Should I wait? for now, it seems still a good time to buy ETH and accumulate more before the bull run start in this year. because what i know, the market of crypto in from the beginning of this year was bad, and even until now, still on the bottom. So, if we buy a good coin like ETH now, we can expect the bull run later. |
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Some people think it won't crash, other has been saying "tomorrow" for the past years.
But looking at the gains the last few months its hard to see this continuing for years to come. Can there be a long (3-6 months) bear market now to correct or is crypto too hot and will increase crazy up til implosion?
I'm thinking maybe 6-12 months of crypto craze left. Then crash (90% of coins loose 90% of value) and a few years of bear market before successful crypto projects starts making money. Pretty much .com again.
What do you think?
I think the market won't crash, it is only a correction that have to be made so the cryptocurrency price is not too high in the market. The 2018's bear market still continuing even now. But now, the price of bitcoin is slightly increase on the market although the altcoins price still the same. |
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I received the shock of my life when someone asked me for an investment advice and Ii told her that the future of all time investment is to invest in bitcoin.Seriously she told him that is for occult people and she will not consider that option.I tried all angles but it did not work.So I came to a conclusion that some people cannot to rich due to over religious believes.views
Seems like the false religious believe is the limitation that can restrain peoples from the wealth. Occult and bitcoin is very far in difference. Many peoples say bitcoin is ponzi or bubbles, but occult ? This is the weirdest thing i have seen today. |
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I hopeall of us are eagerly waiting for the bullrun a similar one which we have experienced last year ? Most profitable investment was ethreum and I am just wondering if it's going to be the same this year? Is it the right time to reinvest into ethreum?
Reinvest in ETH is not a bad choice, ETH is the most well known altcoin in the cryptocurrency world. Another good thing about reinvest in ETH is, you can reinvest your ETH into some good ICO. Investing in ICO usually bring you many profit, but if you only invest in the right and real ICO. |
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I am seriously considering it.
There is no future in a small market cap that is pumped and dumped!
In addition, trading bots are running the show: milking everyone!
Not at all. Pumping and dumping in crypto market is a common thing. if the market dumping, you just need to buy more and accumulate them in your wallet. when it pumping, you can sell it for instant profit, don't bother to holding it if you don't want to. |
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