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Twitter has lots of people promoting airdrops.
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I'm a newb, and curious what happens to bitcoin after they're all mined (considering that it's mostly wealth to absurdly wealthy people mining them now and has been for a while, aside from cloud mining sure but that's not that many is it? IDK), but curious what is the vision 10-15 years down the road it's possible that most the very wealthy people own BTCs? Seeing how more and more transactions are going to be paid via bitcoin (and rich people own most of the companies that GET paid in these transactions) - so I'm curious how it's going to be different?
Thanks!
I think people would have moved on to another coin if the flow of BTC were restricted to the wealthy/government. Long answer is the miners need to be profitable to mine, so they will wind up selling a large portion of the BTC they mine. There is no point in holding everything they mine, they need to contribute to the BTC world. When there is no more BTC to mine then the transaction fees might make up for the lost revenue. Basically, the miners need customers. |
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Most of us have a daily responsibilities.
How do you manage your time in trading and in bounty campaign as well as researching for the news and updates of your favorite altcoin?
This can be very tricky. I have a lot of interest in staking coins, so I follow a bunch of guys on Twitter that focus on staking coins. This way I don't have to continuously search for new coins which frees up time for other activities. So start a Twitter accout and start following coins that interest you! |
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As you can see I am newbie ( my account too).
I am very interested to mine altcoins like eth but don't have any knowledge.
I am learning about mining from online sources, so please don't suggest me to learn first ..........
Here are my questions:-
My budget is $1k , which hardware I should buy. ( No problem of electricity)
From where I can buy( please post links)
I can mine multiple coins at once in one hardware?
If not then I can change mining coins? ( I means if now I am mining ETH and then I want to mine LTCI can change it to LTC or not?)
Any vedio tutorial from starting to end about mining tutorial.? Link please.
You are mining then please share pics of you rigs .
Waiting for replies hope I can learn more from here
Some guidelines for you... Use the online profit calculators to help you determine if a coin is profitable. Older ASICs might be an option if power consumption is not a problem. Where I am the cost of electricity is more than I would mine if I used older ASICs Make sure whatever coin you mine has an active community so you can reach out to them for help if need be. If you are going to mine with multiple GPUs, start with one first and confirm it works before adding more. |
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Growers International is a coin you need to look at. GRWI $1.1M Market Cap - 1,024,180 GRWI Circulating supply - 5% POS in a couple months, currently on a staking schedule now. At 0.7 per stake, will increase to 1.8 per stake and then after that it will be 5%. http://growersintl.com/coin/ |
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Hey all, Putting inn my last savings to give mining a chance!  Help me pick the gpus that is going to turn my life around and make me rich once for all! *XFX Radeon RX Vega 64 Black Fan HDMI 3xDP 8GB = 640 $ *Gigabyte Aorus Radeon RX 580 HDMI 3xDP 8GB = 384.62$ *Sapphire Radeon RX 580 Nitro+ SE - 8GB =410$ *INNO3D GeForce GTX 1070 Twin = 480$ (anyone tryed this Inno3d before) ? *Gigabyte GeForce GTX 1070 Windforce 2X OC = 444$ *1080Ti around 950$ This is what i can pick from online where i live atm. Plz find the time and give me some tips:) going for 4-6 or maybe more cards! Scratch the 1080 TI off the list. It's too expensive for the performance you will get. The 1070 is a better option when comparing against the 1080. Having said that, Draceus0 is correct, consider the 1060 too if available. |
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That is true, most people use bitcoin for being involved with crime, or just to steal money. If you join to the deep web, everybody is selling stuff for bitcoins, or just selling credit cards, hacked paypal accounts, and everything. Bitcoin is used for money laundering, that is why nobody can buy bitcoins with credit cards without Identity identification.
I think the bit about not being able to buy with credit cards isn't because of money laundering but because it would make it a lot easier to commit fraud. |
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Good afternoon all,
So after reading about how people are only getting 400 h/s to low mh/s using GPUs.
I am thinking about getting GridSeed Orb boards manufactured. If I can find a manufacturer to make them of course.
I figure if I could get these boards manufactured and then put into a blade configuration inside a case, these would hash great at a lower total power cost and initial cost for entry level scrypt miners.
Thoughts???
Sincerely,
CointoHash411
Scrypt Asics that are out now are driving the hashrate up. Any smaller devices you would bring to market would have an uphill battle. Make them with solar cells and cheap and you might have something. |
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I noticed the burning smell might be coming from the GPU. Is there anything I can do about that or should I just buy a new PSU?
If your PSU smells then you must assume it will fail. Do not use subpar off-brand cheap power supplies. When power supplies fail they have the potential to take the whole system with it. |
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ASRock AB350 Pro4, $90 - https://www.newegg.com/Product/Product.aspx?Item=N82E16813157761&cm_re=am4-_-13-157-761-_-ProductASRock Fatal1ty AB350 Gaming K4 , $104 - https://www.newegg.com/Product/Product.aspx?Item=N82E16813157759&cm_re=am4-_-13-157-759-_-ProductASRock Fatal1ty X370 Gaming K4, $149 - https://www.newegg.com/Product/Product.aspx?Item=N82E16813157758&cm_re=am4-_-13-157-758-_-ProductMSI X370 GAMING PRO CARBON, $179 - https://www.amazon.com/MSI-X370-GAMING-PRO-CARBON/dp/B06WGS4FJL/ref=sr_1_6?s=pc&ie=UTF8&qid=1488707250&sr=1-6&keywords=am4ASUS Prime X370-Pro, $170 - https://www.amazon.com/Prime-X370-Pro-Ryzen-Motherboard-Lighting/dp/B06WD4N297/ref=sr_1_5?s=pc&ie=UTF8&qid=1488707250&sr=1-5&keywords=am4By the way, R7 1700 is 500h/s in XMR, https://forums.servethehome.com/index.php?threads/monero-mining-performance.12116/Does anyone has these mobos and can test them for mining? I'm tempted to go with the cheapest ryzen cpu when Vega launches (Ideally 4C4T, but it might not launch before vega). It brings some XMR mining ability, the ability to cpu mine new coins and handle high cpu load unoptimized miners (like in the early days of zcash) and imo, slower depreciation and easier resell of the cpu and mobo. It will be good to know if 6 gpus work. I have 2 X of the Fatal1ty AB350 Gaming K4. Great boards, easy setup, however I am unable to get either one to recognize more than 4 GPU's. I have 4X 1070's on one and 4X 1060's on the other. If I add more it just gives me a black screen and reboots every minute or so. Happens with both. Using Win10 Pro, 16GB RAM, 2 TB HD, Ryzen 1500. I have no solution yet as I haven't had time to test. Yes, adequate power supplies! |
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Go slow and steady. The cons that crash today might go back up tomorrow. Do not expect instant gratitude. This is a waiting game.
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I submitted my claim before the deadline, have not gotten anything regarding acceptance or rejection yet. I emailed them for a status update at the end of 8/31 and heard back from them on 9/13. It was generic but basically said disbursement would probably start Q1 2018. They didn't say I was or was not included. I'll give it through the weekend and email again if I don't hear anything.
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It's really a case by case basis. As others have said high risk and high reward. One way to do it is to spread your investment around so it's not all in one basket.
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Since all this this ban of exchanges in china the next logical move is decentralised exchanges.
I believe associated coins will definitely moon.
Komodo (KMD) has BarterDEX. |
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Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?
Hold. Forget about it for a while and obsess over another coin for a while. That's what I do. Just check upon it every so often. |
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Hi, I was wondering if I should quit my job and focus more on bitcoins? Because I think it might get me even richer without a job?  Stay with it until you earn just as much, then ask again. The thing about a job is it is more or less dependable. Anything could happen in Crypto. |
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Bitcoin is sometimes touted as a flight to safety, but what I'm interested to learn is, if you feel the BTC market is due for a correction, what would your choice be for shelter from the storm, that allowed you to quickly get back in the market when you feel the bottom is in?
In the country I stay in they put severe capital controls on limiting the amount of money that can exit the system (conveniently they have no restriction on how much you can bring in).
I was thinking of something like Tether, but it doesn't appear to have much traction, and the hardware wallets that I have (Trezor and a couple of Ledgers) don't support it so far as I know.
So if you have more coins than you are comfortable parking on an exchange (essentially, any amount above zero for me), and you wanted to go to something with low volatility for a few days/weeks/months, what would be your choice?
Diversify your portfolio with some staking coins, buy gold and silver, or just hold (paper wallet). No need to move it unless you might need the liquidity on short notice. If you have some staking coins you can take the profits and roll them into BTC as they stake or just let the magic of compound interest do its thing. Edit: If you just want to keep your BTC off an exchange then something like Bitkee might be an option - bitkee.com |
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Masterluc a Legendary Bitcoin Trader
now predicts that Bitcoin will reach $15,000 before the end of this year. What’s more, he believes that Bitcoin will reach a price of $40,000 - $110,000 by the end of this bull run. He gives a timeframe of 2019 for that price target.
While these numbers seem absolutely extraordinary, many traders have noted that the recent “bubble” doesn’t seem so bubbly after all. Bitcoin has not yet gone parabolic as it did at the end of previous bubble cycles.
No guarantees
Of course, as any investing prospectus will tell you, past performance is no guarantee of future gains. It remains to be seen if masterluc is correct in his predictions. If--and it’s a big if--he is correct, there are going to be a lot more Bitcoin millionaires by 2019.
Do You Agree?
I can't agree or disagree, but I can hope! Having said that, I do believe that BTC will continue to rise in value over time. |
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A government declares something illegal, takes over the "illegal" business.. only to continue running it.
Lacks principle. Big Hypocrisy and very immoral
Why would that stop them though? All China has to do is declare that Bitcoin is a foreign currency and for the Good of the People (!) they are going to take it over and nationalize it. |
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you can make fast coins till Nov1 thats all - after that inactive coins from past wallets get deleteed + masternodes will come - i think.
oh and be quick, till nov1 you get like 19.7% a day and after Nov1 its 1.97%
Any idea of how many coins will be burned? |
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