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Awesome to see Amoveo listed on yet another crypto exchange, Graviex. We have a FPGA bitstream for VEO. It is one of the most profitable coins right now!
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Amoveo coin - VEO now listed on Graviex exchange!
Big news for the prediction market startup! Looks like an awesome coin to mine? what do you all think?
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It is a pitty, that the whole altcoin mining theme has recently turned into a pessimistic - “I switched off my rigs, mining is dead and selling hardware “ pool. Mining is not dead. And you are right, might be difficult for the first time miners to see the perspective for ROI. And you are right, there are still ways to make profit. We have all been spoiled and used to a quick alternative to make a good profit. Times have changed and we have to adopt. The ones who have lost hope, start rendering, AI and other ways of using supercomputer powers and one day, you will eventually come back to mining.
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I don’t think it’s about the beginners. First, it’s the perception of information given in the media, unsupported by actual knowledge of a person listening. Secondly, why should you be motivating your colleges to work with crypto? When a person is interested, he starts asking questions, looking for a potential growth, gaining knowledge and coping with whatever unfriendly interfaces there seem to be. Nothing is given for granted and no revenue comes easy. But, never try to impose your own beliefs on other people
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I am very interested in those miners, who have been mining ETH. I am NOT asking those, who have switched off their rigs.
Those of you, who keep mining - have you switched algos? Or changed your rig setup? Do you feel relieved? Or maybe, you regret doing that? What have you improved to survive harder times?
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We were all used or even spoiled by terrible popularity of and a dramatical growth of cryptocurrencies. BTC, ETH growing up to 7.000%, mining was blooming. Now, when the market has slowed, prices dropped, somehow it is translated as death. That is not. Basically, the revenue is low or close to zero, but that is not the end. Stop panicking, patience will be rewarded.
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Many forum members here are still mining, especially the ones who have reached their ROI and keep mining just with a smaller profit.
The profit now is very dependable on various factors - electricity costs, rigs and cards you are mining on.
P.S.: it is also important that you have high quality components on your rig, so that by the time you achieve your ROI, it’s parts have not degraded, making you lose your profit.
Most of the miners here say - “stopped mining the profit is too low”, which proves that there still is profit, we were just spoiled by another mining tempo for the last couple of years.
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The question was posted in mid September and it was interesting to go through the whole comment thread, to see the tendency now, in November 2018. The thread is definitely a “believer place”, some skeptical, but still searching for a grain of trust in the coin.
Main cryptocurrencies always went in waves - going up and down in irregular cycles. Even Bitcoin was once worse a pizza. We might never see the drama again - a 13.000% growth that it had in 2017. But it is still a comparatively young platform and its potential and applications could be limitless.
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Hello everyone,
I would like to hear if any of you know of places (not online) where I can invest my bitcoin to make it grow in this shitty market?
I'm going crazy!
Thanks in advance
Dear fruchiantejacob, the only thing that should be growing now is your patience. There is not much you can do to grow your bitcoin in the moment. If you look back, Bitcoin grew and fell back in waves. The first wave was 2009/2010, then 2013, 2016 and 2017. In the beginning Bitcoin was barely worse a pizza, now, it has a value. Probably, not the one you’ve planned for, but still.. so, grow you patience, build your trust, look around and keep your eyes open for other opening possibilities and you will be fine. |
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I will agree with many replies above. First, congrats, you’ve reached ROI and covered your investments. I hope, you’ve also had some income cashed out. Now, even with the electricity costs, cryptocurrency fluctuations and the world not being able to predict the coin prices, you can still keep mining and have a good return. Keep mining ETH with the majority of your rigs, but also look around and change the algos for some of your rigs to mine some new coins, which might (or might not) have a bit speedier potential. Good luck!
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When I was new to the crypto world, which was a few months ago, my bank offered me to invest in their stock market. I had doubts because at that time the stocks are down. Besides, with stock market, you either win or lose. You rely on someone else. So I decided not to go through it. Crypto is also a bit risky, but at least I have some control over my money, right?
Win or lose is pretty much the same in both cases. Though, the company itself may keep existing, being profitable, making a good turnover and growing in shares. Whereas, IPO together with its shares entitles you to assets and gives you the right to vote. While, in the case of an ICO, the investor will have a claim to the usage of that token but have no equity in the underlying corporate entity nor a voting power. |
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Because women are not that good when it comes to business and technical things. It's an evolutionary thing. Men were taking risks by going for a hunts etc. and women stayed in a cave and protected their home/ children. It's still valid. Of course there is lot of women that will take risks and lot of men who won't, but not majority.
You do realise you are generalising even though you want to make it appear as if you are not. I personally know a group of crypto enthusiasts where the women are actually in majority. They have stated they won't expose themselves as women online though, because first of all in crypto gender does not matter and there is so much prejudice against them. The dude you are debating with may easily be a woman. Same as in online gaming, there are many women that won't reveal their gender because it simply does not matter and they don't have to listen to some sexist bullshit. Gender hardly matters anymore in most areas of human life except of course in family planning and some other. I would agree. Even considering the fact that gender is irrelevant as long as you have a set of skills, qualifications etc, there is a certain prejudice which makes some female not reveal their gender. And if you can keep a conversation on the same level, who cares, right? |
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Hold on to a diversified strategy, like with any other investments. Hold some big and stable coins, try some young, small and perspective and you will have a better chance of not losing anything at once! No one can give you a definite answer about the most perspective coin. I guess, you have to be able to analyze and have some trust in your own guts
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The good coins to mine, are the ones you chose to mine after doing your own research. There are plenty of topics here discussing coins and the opinions differ. Also, that is a hard time for mining, therefore you need to research the algorithms, rigs (build your own or buy plug’n’mine), electricity costs in your country, and based on that make up your mind. Don’t start mining before you do a proper calculation. Good luck
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If you are already saving on electricity bills, I wouldn’t be saving on equipment, which is a core in mining. Build your own, or buy a good plug’n’mine and get a good result. Otherwise, it is not worse it. The equipment, especially the cards outdate very quickly and you need a good cooling system for stable mining, which will keep you your stable hashrates. Good luck!
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They say - the more you know, the more you don’t know. So, even if it looks easy for you, the whole subject of cryptocurrencies and blockchain is quite complex::
- go through the whole forum, or at least the Bitcoin section
- google and google the internet (financial news, crypto news, crypto blogs, other forums etc)
- watch video reviews and news
- there are some good books too
- get some basic financial literacy
And if it still makes you think that Bitcoin is simple - that’s ok, at least you will have a basic knowledge to keep working with it. Good luck!
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The post you made here uses quite simple and useable phrases, which are well understood and correctly translated. But as soon as you will start posting on specific themes with thermonology, the translation will be so ridiculous.. As soon as you can see that and make it readable enough, I guess, that is ok. Otherwise, no one wants to read absurd texts.
Try, pull up you language, make it one of your crypto-goals! Good luck!
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Talking and doing are two different things. I am sure that even if all the forum members try to “cryptomonetize” the world they would never be able to do that. Majority of the worlds’ transactions are still happening in fiat. At it will take a long time for that to change. Poverty in underdeveloped countries is rampant. Cryptocurrencies are still banned in some countries, some are sceptical. Cryptocurrencies don’t have a regulation system, which makes it difficult for the countries to legalize them. There are so many coins - which ones exactly to legalize?
So... one day it will happen, but not fast and not soon
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First, don’t invest all of your money in cryptocurrencies. Secondly, and you will see this discussed a lot of times on all forums - diversify. Invest in the coins with reputation, but also do the research and try some smaller cryptocurrencies.
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Would be interesting to see the statistics of number of transactions paid in crypto, compared to regular. I guess, this percentage is still so small that it will take a very long time for crypto to replace the notes. Also, all the countries would have to change their policies towards cryptocurrencies. And very poor countries are very far from buying bread with bitcoins. Therefore, there’s a long way to go
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