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September 28, 2023, 09:27:35 PM *
News: Latest Bitcoin Core release: 25.0 [Torrent]
 
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1  Economy / Computer hardware / Re: WTB 1080 or similar GPU on: August 28, 2021, 04:17:37 AM
I have a Zotac 1080Ti Amp! Extreme I might be willing to part with for 550+shipping. Bought it in the beginning of 2018, it mined for a couple of months and then was used in my workhorse PC for the rest of the time doing games and rendering.
2  Other / Beginners & Help / Re: Are scammers getting dumber? Or is it people they aim for are so na´ve? on: May 31, 2021, 09:54:11 PM
You also missed on of the stupidest ways where they tell you that you've won something big but in order to receive your prize you first have to make a deposit to cover the cost of them sending you that prize!

That's a variation of infamous "nigerian letters" which have been around for... well, as long as I remember LOL
3  Other / Beginners & Help / Re: Are scammers getting dumber? Or is it people they aim for are so na´ve? on: May 30, 2021, 05:20:58 PM
Those scams are obvious to you because you have spent a lot of time in Bitcoin community and is aware that there are so many scammers here. People who just joined it have absolutely different perspective, they send money to doublers because they believe that some millionaire whale could easily give away money to fellow crypto enthusiast. They fall for trading-related scams, because they really think that someone would share secrets with them, because they don't know what is crypto community like.

Not really. Replace "BTC" with "stocks", "paypal" ot anything else and you'll realize you've seen it all before.
4  Alternate cryptocurrencies / Mining (Altcoins) / Re: I want to become a big mining farm owner some day on: May 30, 2021, 09:12:01 AM
How much will the farm cost, on the income of which it will be possible to live in abundance?

Highly depends on your power cost. Even with the lowest rates you will see times when you mine for few cents daily or even at loss.
5  Other / Beginners & Help / Are scammers getting dumber? Or is it people they aim for are so na´ve? on: May 30, 2021, 08:06:36 AM
Almost every day I read a topic of someone been scammed out of money. Well, this is a course of life and scams will exist as long as exists human race. What makes me laugh though is methods scammers use lately. Nothing inventive, not even an attempt to make it look legit. "Successful trader will make you 50% in an hour". "BTC refund department". "BTC doubler". And dozens of others so obvious one has to be a newborn baby to fall for. I wouldn't be surprised if  soon there will be messages from "BTC Support Department" or anything along these lines. How can anyone sane fall for this?

I received a call from my "bank support line" a while ago. Now these people were real con artists, they had all my data, used correct chat scripts etc. It all sounded so legit I almost missed the moment they asked me for SMS confirmation code, at which point I realized it's a scam. Not being sympathetic to these guys but at least they were highly professional and inventive scammers, unlike those I mentioned above.
6  Other / Beginners & Help / Re: Social media advice to newbies on: May 30, 2021, 07:41:38 AM
Scamming methods never really change over decades. Spam emails with "unique dick enlargement investment opportunities, account "confirmation" emails, SMS with links in them, now it's all types of social media. While our ISPs are now very efficient at filtering out email spam social media and messengers don't have this option (well, unless you block messages from unknown contacts). Daily I receive 20-30 of these in Telegram, Discord and few other platforms I use. Why bother replying to these, just block and remove with couple of clicks and move on.
7  Alternate cryptocurrencies / Mining (Altcoins) / Re: What is your electrical cost/kWh on: May 30, 2021, 07:09:35 AM
Looking at rates in most countries I realize Thailand isn't that bad with $0.13-0.15/KwH. I'm thinking of solar panels but still can't convince myself it's worth doing in a rented house.
8  Alternate cryptocurrencies / Mining (Altcoins) / Re: I want to become a big mining farm owner some day on: May 30, 2021, 06:56:15 AM
By no means mining can be considered as a passive income, especially when you have more than just one or two rigs. Monitoring, maintenance, security, power issues... It all takes time and effort. And to answer your other question - no, it's not a good time buying cards now, prices are insane and profits are in decline. Rewards vary all the time due to few factors - block reward, network hashrate, exchange rate etc.
How is mining not a passive income? Is passive income not a gradual income that comes in no matter what? With mining your reward will not stays as fixed price, might be more or even lower that's the difference but you get paid always, to me mining is a good example of passive income

Your rig stops mining, you spend half a day sorting it out and there goes your payment.
9  Alternate cryptocurrencies / Mining (Altcoins) / Re: NERFED CARDS ARE IN CIRCULATION on: May 30, 2021, 06:48:14 AM

Man I wish I had a hundred or so of the 3060ti's when they came out back in 2020 a fortune was made by the right miners with the right connections.

they were listed are 400 you could have mined Nov to June 8 months  paid the card off 3 times and sell them for  2x the price right now.

They are so fucking costly here in the states.

Stop complaining mate, where I am they want over $2000 for these now. I guess we can do some scalping business Smiley  

Prices are complete nuts.
10  Alternate cryptocurrencies / Mining (Altcoins) / Re: NERFED CARDS ARE IN CIRCULATION on: May 29, 2021, 09:23:47 AM
FWIW I came across some information that only non-original cards will have LHR chips, reference cards madу by Nvidia will have old GPU chips with no limitations. Haven't seen any proof to that though.
11  Alternate cryptocurrencies / Mining (Altcoins) / Re: I want to become a big mining farm owner some day on: May 29, 2021, 07:48:57 AM
By no means mining can be considered as a passive income, especially when you have more than just one or two rigs. Monitoring, maintenance, security, power issues... It all takes time and effort. And to answer your other question - no, it's not a good time buying cards now, prices are insane and profits are in decline. Rewards vary all the time due to few factors - block reward, network hashrate, exchange rate etc.
12  Economy / Speculation / Re: Bitcoin starting to recover on: May 28, 2021, 08:12:41 PM
I wouldn't call it a recovery. IMO it'll go to 25-28k mark before stabilizing there.
13  Bitcoin / Bitcoin Discussion / Re: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? on: May 28, 2021, 07:55:36 PM
Did anyone mention his late agenda regarding "green" mining etc in the US? Given that this guy is one of the largest manufacturers in solar power equipment I find it hard to believe he won't try to push his "green" stuff to miners, while lobbying legislation supporting it.
14  Alternate cryptocurrencies / Mining (Altcoins) / Re: Eth moving away from POW- Will GPU mining be lucrative on: May 28, 2021, 05:22:38 AM
Today Net Hashrate

ETH : 600 TH/s ~ 20.000.000 RX 570 8G
RVN : 5 TH/s ~ 384.615 RX 570 8G
ERG : 15 TH/s ~230.769 RX 570 8G

If ETH go to PoS, you will see all PoW coins become unprofitable. And 60-70% miners will left

And why would they all of a sudden become unprofitable? Care to explain yourself?

It's very simple actually.  The massive influx of hash power applied to lesser coins that will result from Eth going POS, will result in a massive increase in difficulty.  Higher difficulty = lower earnings.  These are simply inarguable facts.  Or to put it very simplistically, the same size pie will be cut into a thousand times more pieces so each hash will generate 1/1000 the earnings than before.

I find the blind optimism that the Eth POS will be a mere blip in mining profitability to be somewhat bewildering.  Only the strong will survive the aftermath.  "Strong" in this case meaning those with the latest gpus and/or the cheapest electricity.

I don't think so. First, AMD cards suck on most algos, so strike them out, what's the percentage of those mining eth use red ones, I guess more than half. Second, have you ever tried to compare combined hash rate of other coins with eth?
15  Alternate cryptocurrencies / Mining (Altcoins) / Re: Eth moving away from POW- Will GPU mining be lucrative on: May 27, 2021, 07:05:54 AM
Today Net Hashrate

ETH : 600 TH/s ~ 20.000.000 RX 570 8G
RVN : 5 TH/s ~ 384.615 RX 570 8G
ERG : 15 TH/s ~230.769 RX 570 8G

If ETH go to PoS, you will see all PoW coins become unprofitable. And 60-70% miners will left

And why would they all of a sudden become unprofitable? Care to explain yourself?
16  Economy / Economics / Re: How to protect from inflation? on: May 27, 2021, 07:01:43 AM
From that list I'm not familiar with most investments, so I can't say how good each of them is. But from my experience I think bitcoin is the best way to protect your money against inflation nowadays and one reason for that it's because it is easily reachable for anyone and you can invest small amounts of money and still have decent chances to turn it into profit on long run, while protecting your money against inflation.
Another investments demand a lot more money if you want to turn it into a considerable profit or passive income, furthermore there is also much more bureaucracy to be fullfiled. Such inconveniences only worth if the person is going to invest a lot of money. Without any doubts for the average joe bitcoin is the best option.

If you have just a little you wouldn't care about inflation.
I think everyone should worry about inflation, even those who save little, because futurely their savings will be wasted if they don't do it in the correct way, that is avoiding fiat at all costs.

What we think is irrelevant, people still do weird things Smiley

Quote
If you have more, then gold is still considered as the best investment by majority of people, especially in Asia, where it's common to buy it when you have extra cash and sell it whenever you need. Absolutely no paperwork is required. Unfortunately crypto can't take that place due to its volatility, you can only consider it as a long term investment.
Yes, if the goal is to keep the money's value on short run, gold is a good idea, because it's a pretty stable investment, so you can avoid fiat's depreciation and crypto's high volatility at same time. On the other hand, it's not possible to make much profit from this investment. On this aspect crypto is superior.

And nice to see people in Asia are educated to invest their money this way. Where I live the common sense is to just spend money until the last penny is over.

I'd take that with a grain of salt. Asians love to show off, so when someone buys gold here first they usually make sure everyone sees them wearing it but next day things change and they sell it back to use the cash. Strategic planning isn't a strong thing here either.
17  Other / Politics & Society / Re: Israel is evil. Finish them off! on: May 26, 2021, 09:06:55 PM
Whenever I see posts like that about israelis I'm always tempted to ask who in OP's opinion is more evil, jews, shia or sunni.
18  Other / Politics & Society / Re: Do ALL vaccines kill people? on: May 26, 2021, 09:00:30 PM
It is also a fact that 100% of people who ever ate carrots eventually died. Avoid carrots at all cost.
19  Economy / Economics / Re: How to protect from inflation? on: May 26, 2021, 07:06:46 PM
From that list I'm not familiar with most investments, so I can't say how good each of them is. But from my experience I think bitcoin is the best way to protect your money against inflation nowadays and one reason for that it's because it is easily reachable for anyone and you can invest small amounts of money and still have decent chances to turn it into profit on long run, while protecting your money against inflation.
Another investments demand a lot more money if you want to turn it into a considerable profit or passive income, furthermore there is also much more bureaucracy to be fullfiled. Such inconveniences only worth if the person is going to invest a lot of money. Without any doubts for the average joe bitcoin is the best option.

If you have just a little you wouldn't care about inflation. If you have more, then gold is still considered as the best investment by majority of people, especially in Asia, where it's common to buy it when you have extra cash and sell it whenever you need. Absolutely no paperwork is required. Unfortunately crypto can't take that place due to its volatility, you can only consider it as a long term investment.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Holding 5 years a just a imagination on: May 24, 2021, 07:36:50 PM
If you want to hold coins for 4-5 years long, altcoins are very risky to keep. Because they can drop down easily even when you least expect it. Yes, if that so, you can try shifting your coins and convert into bitcoin. This time, you will feel more confident to hold even more than 5 years i think. Because bitcoin no matter how often or long the dump season will be, it will always find way to recover and the best part is it's bount to set for its new ATH after it recovers.



True that, but sometimes alts can really, really surprise you. I bought some BNB when it just came out (I think I got a few as an airdrop too), and that was a very pleasant surprise. Same with few tokens I've decided to keep since ICO hype. Of course majority just went to hell but the remaining ones covered the rest and brought nice profits.
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