Bitcoin Forum
July 01, 2024, 01:57:03 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Economy / Economics / Re: Choosing the one | What I think! - Real Job or Full Time Crypto! on: August 19, 2018, 11:01:53 AM
One thing that not that many people are talking about is that the most lucrative ways to earn money with crypto require some money in the first place. This applies to trading and mining, at least. It's best to move gradually. You need to study lots while you still have another income, then get into different things that can start making you money. If you're mining, for example, you can just start with a small rig, then gradually build it up as you continue working and earning money. Perhaps after a while you'll see that you're making as much or more through crypto. Then you can decide to leave your main job and dedicate more to crypto. This will most likely result in you making even more money in crypto than when you were working. The two don't need to be mutually exclusive.
2  Economy / Trading Discussion / Re: Do you trade for money or emotional satisfaction? on: August 18, 2018, 08:07:44 PM
If you just want emotional satisfaction, maybe you should play online poker without putting any money in. I suppose you could also just invest in a virtual market, without real money. As soon as money gets involved it can become quite stressful if you don't have set rules in place. In trading, minimizing emotional decisions is critical. You can have too many emotions involved. That's just a recipe for failure. People don't trade just because they don't have anything else to do. It's always to make money.
3  Economy / Economics / Re: When will smartphones used for bitcoin mining? on: August 17, 2018, 08:11:07 AM
i think it has been happened, especially samsung that make bitcoin mining from 40 smartphones. look at this: https://motherboard.vice.com/en_us/article/3kvdv9/samsung-upcycling-galaxy-s5-bitcoin-mining-rig 
This is actually quite an interesting article. I never thought that much about using old phones. For some reason I was thinking about people using their personal device or purchasing phones specifically for mining. It's quite interesting that it was actually Samsung itself that did it. I'm sure they have the most access to phones. Haha. They said that 8 Galaxy S5 phones could mine better than a standard desktop computer. It still seems like it would take a long time to get more value out of the phones than you could sell them on eBay. Using old phones for different projects is really cool though. I liked the fish tank bit at the end of the article.
And 8x Galaxy S5 costs? It costs way more than a standard desktop computer. And to think that you can only get them in secondhand, it's going to die rather quickly. Why do people keep on pushing the mining with Smartphone idea when you can just build a PC for mining if you wanna mine bitcoins? I mean I get the idea that it's cool to mine with something that we already have but even if it's become possible, it's just not worth destroying your phone for something that you think is cool.
Well, I still don't think it's that practical, but S5s may cost less than you think. I'm not pushing the idea, but I do think it's an interesting one. There are millions of phone that eventually just get thrown out, when they could be used for something productive. There actually are some new S5s still for sale, but that would certainly not be an effective use of your money (they seem to go for about $200). I check used S5s on eBay though and they're selling for $60-130. Most are going for around $60. So, for $480 you could have 8 of those phones. I would say that's a bit less than a decent desktop computer, though I know you can get them cheaper. I see that some S5s with broken screens have been selling for about $30. I don't know exactly how a phone mining system would work, but I feel like having the screen work is not actually critical. Thus, perhaps you could get 8 S5s with broken screens for $240. If they could make you even $30/month, it would just take 8 months to get your money back. As far as I know, the most common thing to go on phones is the battery. If you are always working on direct power, then you wouldn't have to worry about the batteries.
4  Economy / Economics / Re: When will smartphones used for bitcoin mining? on: August 15, 2018, 02:01:51 PM
i think it has been happened, especially samsung that make bitcoin mining from 40 smartphones. look at this: https://motherboard.vice.com/en_us/article/3kvdv9/samsung-upcycling-galaxy-s5-bitcoin-mining-rig 
This is actually quite an interesting article. I never thought that much about using old phones. For some reason I was thinking about people using their personal device or purchasing phones specifically for mining. It's quite interesting that it was actually Samsung itself that did it. I'm sure they have the most access to phones. Haha. They said that 8 Galaxy S5 phones could mine better than a standard desktop computer. It still seems like it would take a long time to get more value out of the phones than you could sell them on eBay. Using old phones for different projects is really cool though. I liked the fish tank bit at the end of the article.
5  Economy / Economics / Re: When will smartphones used for bitcoin mining? on: August 14, 2018, 10:41:30 AM
You never know! With the help of nano technology we may be able to achieve smaller chips that produces as much power as a full sized mining rigs in future. I mean that is not the reality now but it may become in future. If you were 80's kid, did you ever think that you can carry a computer in your pocket? Because what computer we have seen that time was Pentium one and it required an air conditioned room to run that. Nano technology achieved that impossible and now we carry a smart phone inside our pocket.

So keep your hope high as we don't know where the technological achievements can take us!
Yes, theoretically, in the future a smartphone may have the same amount of processing power that a mining rig has now. We can see that smartphones now have much more processing power than they first computers from the 1980s that took up a whole room. You have to realize though that mining rigs typically use the best processors and video cards. This means that they are very powerful and it'll take much longer for phones to get to that level of processing power. Now it is far from practical to use a smartphone to do mining. Smartphones cost a lot of money, but a lot of that cost is due to the fact that they have to fit so much into such a small device. It's all much cheaper if you buy bigger versions. Usually you don't need your mining farm to be portable. Just get stationary hardware. It's by far the most economically viable option.
6  Other / Off-topic / Re: Do you know your role in the society? on: August 13, 2018, 04:14:26 PM
A polite citizen who is paying taxes.
I think my role is to pay taxes, so our country will be able to afford public services. Maybe my role is also to add to the country’s population. But I always like to think I am here to be a difference. It's hard to know the future but once you are there, you would know. It's up to you if you are willing to do what it takes or not.
Wow. Doesn't anybody else find this alarming? How can people's first response for what their roles is in society be to pay taxes? It seems like the government is teaching people "well". Give us your money and we'll take care of it, they say. Governments are getting far to big. They are far too wasteful with taxpayers' money. I think there are many much more beneficial things you can do for society, than to pay taxes to the government.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum question on: August 12, 2018, 12:18:18 PM
Hello,
I would like to ask you how many total Ethers will exist? I can´t find this information and it seems that number of Ethers will be unlimited? So Ethereum is created to be deflation currency? And what will happen when we switch the consensus to Proof of Stake? Many people will earn free Ethers and many people will want to sell they earned Ethers. So for me it seems that Ether will be cheaper and cheaper in the future.
What is your opinion, please?
I don't understand it all that much, but I found a Quora question about it: https://www.quora.com/Is-there-a-limit-to-the-supply-of-Ethereum. It seems like there is no actual limit. Here's a quote from the founder, Vitalik Buterin:
Quote
So here is a thought. Currently, because of the PoW ice age, the block time is scheduled to start increasing in mid-2017, and past around 2019 the increase is going to grow exponentially. The mining reward does NOT increase proportionately. Hence, there is already an exponential slowdown in the growth of the ETH supply built into the protocol; my script shows:

    Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
    Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
    Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
    Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
    Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
    Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
    Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19

    Hence, in the foreseeable future, the supply will not go far above 100 million.
Basically the difficultly of Ethereum just increases exponentially. This means that even though there is technically no limit, the mining difficulty will basically put a natural cap on in. Blocktimes will be so long long that there will hardly be any increase.
8  Other / Off-topic / Re: Countries For Imigration With Very Low Taxes - Which Ones Are The Best ? on: August 11, 2018, 03:31:22 PM
There are many countries worldwide with low or even zero taxes, where you can imigrate. But it is not so easy to decide, which one is the best one ? Real estate prices, climate, permanent visa or even citizenship are just some important questions for decision. Here are just some of them - American Samoa, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia. But which ones are the best ?  Huh 
It looks like South Korea has a 17% tax rate for foreigner. I'm sure it's a fine country to live in, but that doesn't sound extremely attractive. I would certainly at the United Arab Emirates to your list. They have income tax, no sales tax, no inheritance tax and no capital gains tax. I think it would be a nice country to live in, at least for a while. Monaco is quite expensive, but if you have the money, I think it'd be a nice option too. They have no income tax and no capital gains tax. Then you have all of Europe open to you too. It depends on what kinds of taxes you're worried about and what kind of place you like. What are you preferences?
I think climate is one of most important things. Even country speaking language and malaria can be very important. It is not so easy to give precize preferences. If country speaks French, you must either also speak French or prefer another, but English speaking country.  Wink
Haha, you prefer malaria? I take it that you don't want to be in a country with a lot of malaria. Climate is important to you? I think everybody has different preferences. What kind of climate do you like? What languages do you speak? Do I understand you correctly that you want to be in a country where you already speak the language?
9  Other / Off-topic / Re: Countries For Imigration With Very Low Taxes - Which Ones Are The Best ? on: August 10, 2018, 01:57:13 PM
There are many countries worldwide with low or even zero taxes, where you can imigrate. But it is not so easy to decide, which one is the best one ? Real estate prices, climate, permanent visa or even citizenship are just some important questions for decision. Here are just some of them - American Samoa, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia. But which ones are the best ?  Huh 
It looks like South Korea has a 17% tax rate for foreigner. I'm sure it's a fine country to live in, but that doesn't sound extremely attractive. I would certainly at the United Arab Emirates to your list. They have income tax, no sales tax, no inheritance tax and no capital gains tax. I think it would be a nice country to live in, at least for a while. Monaco is quite expensive, but if you have the money, I think it'd be a nice option too. They have no income tax and no capital gains tax. Then you have all of Europe open to you too. It depends on what kinds of taxes you're worried about and what kind of place you like. What are you preferences?
10  Other / Off-topic / Re: ONE WISH IN YOUR LIFE on: August 09, 2018, 11:22:01 AM
This may seem narrow sighted, but I think that I might wish for money. I could wish for the health of my family. I could wish for world peace or something. I think that if I had a few millions dollars, it would be way more than I need to live even on interest. If I can wish for anything, I might as well wish for 60 billion dollars or so. Then I would have all my time completely freed up. I could provide my family with the best healthcare available. I could use the money to help people all around me. I would be able to do some great charity projects. I could study anything I want and offer my family the same. That would be pretty cool.
11  Other / Off-topic / Re: Do you know your role in the society? on: August 06, 2018, 06:20:41 PM
Our society is the culmination of different individual's summary of life, culture, character and practices that is governed by law and order in order to function as one for the betterment of all person living within it.

So as a part of this community or your community, to be precise, what do you think is your contribution to your nation and society? What can you do and your worth in making a unified and healthy community?

Let me know about your thoughts.
I hope that I can be an example of doing what you want. It might seem simple, but it seems to me that so many people around me don't really do what they want. People often do what other people want them to do. Sometimes they even just do things because they think that other people expect that of them. I think it's important to follow your passions. If you love something, do it. Don't worry about what others think. If you don't like what you're doing, stop it. Find something you enjoy.
12  Economy / Trading Discussion / Re: How ethical is it? on: August 05, 2018, 12:56:17 PM
So, I have some bitcoinred (btcred). I received the new revolution or whatever coins. I am now trying to decide if I should sell my old btcred coins. They 0.20 USD a pop.
I do not want to sell something that if the buyer does not know that they are not valid anymore. On the other hand, you can never be sure. Maybe they wanna buy it anyway.
Any help on the ethical implications of selling an ended coin?
I'm still new in the world of crytocurrency. I may not give great advice. The way I understand it though, it can be okay. I once sold a car that had problems. The transmission didn't work properly. The top gear wouldn't work. I listed it on the internet and described all the problems I know about in detail. I immediately got several calls and sold it in the morning. That person will probably have problems with the car in the future. I feel a bit bad, but I was completely transparent in the sale. If somebody wants to buy your ended cryptocurrency and they know what they're getting, I think it's fine.
13  Other / Politics & Society / Re: What are your thoughts on Anarchism? on: August 04, 2018, 12:42:58 PM
Humans are tribalistic. We form hierarchical societies spontaneously, so I don't think anarchy would last long before being replaced with some form of government. If anarchy could be sustained then I think it would fail for the same reason that every other system of government has failed: We are inherently are selfish.

Crime is punished to disincentivize crime. Unfortunately, high-profile criminals often outrank the courts of law. I think that good education and parenting are excellent methods for decreasing crime. Children who understand morality will often carry those morals throughout their life, or even expand upon them  Smiley I suspect that a child who is treated with fairness or respect is more likely to treat others with fairness or respect.
I agree that humans seem to spontaneously form governments. Even in small groups, people seem to choose a leader. Either that or the leader just chooses himself and nobody complains. I'm wondering how the parenting part and crime is connected to anarchism. I guess that in anarchism there wouldn't be an official punishment for crimes. You are concerned that if there was not judicial system, criminals would be rampant? I agree that children who are raised well will be more likely to do good as adults, but how does that relate to anarchism? Wouldn't that be true in both anarchism and other political systems?
14  Other / Off-topic / Re: How do you Manage your Budget? on: August 03, 2018, 02:48:47 PM
Keep your budget in crypto. It`s a better way to save them.
I can see that having money in crypto would make it less convenient to spend money. This could be a good place to keep some of your saving. I don't think it is really an answer to the question though. It can only be part of the answer. A budget is a financial plan. It needs to account for what income you will have and was expenses. You use to to make sure you have enough money for all the things you need/want. I would be careful with your suggestion, as crypto markets don't seem very stable. It would be sad to lose all your savings in crypto currencies.
15  Other / Off-topic / Re: Why Smart People Never Bring Smartphones Into Meetings! on: August 02, 2018, 12:27:09 PM
Do you bring smart phone to meeting? Meeting Etiquette is important and being able to focus in the conversation is the key to show your team that you listen. What has been effective for me is to set some ground rules at the beginning of an important meeting. I.E. If you need to brainstorm and need full attention from your team.

https://www.linkedin.com/pulse/why-smart-people-never-bring-smartphones-meetings-bradberry/?trk=eml-email_feed_ecosystem_digest_01-recommended_articles-9-Unknown&midToken=AQF4gMRRhbvvWQ&fromEmail=fromEmail&ut=31vT9FbqW1WEk1

What do you do with your phone if you do bring it into the meeting? I agree that they can be distracting, but I don't think you need to leave them. The trick is just to get in a habit of turning off the sound on your phone. I also don't think smartphones should be on the table in from of you. It seems so common that even on a date or a business meeting people have their phones in front on them. Not that we have always-on screens, people can often get distracted. This can make the other person feel like you're more interested in the phone that him/her.
16  Other / Off-topic / Re: How do you Manage your Budget? on: August 01, 2018, 02:06:33 PM
I plan my budget according to my income and reduce all unnecessary expenses which will exceed my income

I do not agree, spending should not be reduced.
but income should be added.
I agree that increasing your income is a very good thing to do. I don't think, however, that one's income should be raised to meet one's expenses. We need to always strive to keep our spending within the restrictions of our income. If we feel like those restrictions are uncomfortable, then we should work to earn more money. People who are in the habit of spending more than they make will often keep spending more than they make, no matter how much they make. This is just a recipe for debt!
17  Other / Politics & Society / Re: How should a world government look like on: July 31, 2018, 01:10:16 PM
Hi guys,

I am a big fan of democracy and wonder if it could work if the whole world would be united in one giant union.
Would such a government consisting of more than 100 nations even be able to act anymore?

I think to be able to effectivly rule, there is a need for a few people who have real power, like the roman triumphirate, At least for the administration. They should be elected for a few years, maybe for a lifetime. But the parliament should be able to unseat them.

Seperation of power is necessary to imho.

What are your opinions on that? How do you imagine such a government?
I think there are definitely people high up that would like to have a world government. I heard that a North American Union could be the start of something like that. I definitely think that one world government is a bad idea. It would give too much power to a small group of people. Every region and country has their own problems and concerns. There's no way that some group of people in one place in the world could care for the problems of all people in the world. They would be far too distant. I'm sure there would also be many countries against it. How would you get those countries "in line"? By force?
18  Other / Off-topic / Re: How do you Manage your Budget? on: July 30, 2018, 10:57:30 AM
I manage the budget by prioritizing by critical and non-critical things.
Critical things are rent/mortgage, food, car and car insurance, utilities (water, gas, electric), at least one cell phone, and internet because I work from home.
Food shopping and mortgage are probably the biggest bills I have. I'm pretty frugal with food shopping, try to buy in bulk, and portion out meat by serving or meal before it goes in the freezer.
Instead of paying hundreds of dollars on a fancy cellphone & contract, I use a tracfone. Spent $20 on a dumb phone and maybe spend on average less than $15/month on service. I use an old iPhone for apps on wifi. Quit cable and get Netflix or Amazon Prime subscription.
Don't go out to eat. Cook from scratch. Stop buying coffee from DD.
Dive into thrift shops for "new" clothes or miscellaneous things around the house.
Going from "abundance living" to frugal living takes some adjustment. You'd be surprised how much you can save.

This is some good advice. I thought I'd just elaborate on your critical/non-critical idea. Cutting expenses is a great idea. There are a lot of ways to do it. The priority though should first be to establish how much much you have and how much you spend. Figure out how much your critical things cost first. Pay the things you absolute must as soon as you get your paycheck. This would be rent, insurance, utilities, monthly bills (internet, cell phone). They you'll see how much money you actually have left to spend. Pay off any consumer debt you have ASAP, starting with the the debts with the highest interest. Writing everything down will help more than anything. Then you can figure out have much you have to spend on food and whether or not anything will be left over.
19  Other / Off-topic / Re: Female centered development policies on: July 29, 2018, 05:17:26 PM
This is definitely a sensitive topic. I agree that we have seen a lot of this. Women have definitely had a lot of limitations to their rights in the past. Many woman fought so hard that, in some cases, the pendulum has gone in the other direction a little bit. In some cases, women have more rights or at least they are given more favor than men. criza said it well above, feminism should be about equal rights, not more rights. I've been surprised in the past when as woman was upset that I held the door open for her. She said she can open the door herself. That's definitely taking it too far. On the other hand, there are things that men can do that most women can't, like things that require a lot of physical strength. Woman, obviously, can bear children, while men can't. We just all need to respect one another and be considerate.
20  Other / Off-topic / Re: How do you Manage your Budget? on: July 28, 2018, 11:29:37 AM
The most important principle in budgeting is to spend less than you earn. If that's a problem for you, but maybe want to consider looking at the same idea from another perspective. Earn more than you spend. How to keep track of everything is the question. For some people, it may seem extreme, but I keep a detailed record of every penny I spend and every penny I earn. I made a convenient spreadsheet in Google Sheets where I write down every expense I make and every time I earn something. All of my expenses are categorized. I can can easily see where my money is going and how much more I am earning than I am spending. I love it. It may seem intimidating at first, but, once you get in the habit, it doesn't take much time at all.
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!