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In my oppinion, general and global adoption will come once governments adopt it and tell people that they have to use it...
until then, adoption will keep rising but it will always be an "alternative" form of money used by some... unfortunately I really doubt that general people will embrace something different unless they have to...
it is called resistance to change (we all have it)... this resistance is natural and undoutebly will be rock solid when it comes to money
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Do you really believe that?  There are so many fake news out there that we need to start by thinking a bit just before believing it... How could mining gold have less cost than mining bitcoin? Gold can be mined in several ways, and on the easiest, they dig massive holes, and wash all the dirt to separate it from gold... if we take into account the landscaping, fuel and electrical consumption, massive machinery, manpower, etc.... is it possible that this is less expensive than setting up a few ASICs? And how about the blasts? or the places where gold is embedded in other rocks and they use deadly chemicals to extract it (mercury if I am not mistaken) - ending up in water flows? Which methods and examples are being used to consider the 1$ gold production cost? So, let's say that these guys are only speaking about energy cost, and I will say only 3 things: - energy cost to produce $1 worth of BTC - is this considering prices in December 2017, or August 2018, or when? - how may large mining facilities run on renewable energy? how many small mining facilities run on renewable energy? I don't have the direct answer to this, but checking the renewable energy developments in some countries and the constinued rise of hashrates, we can get some clues... - energy cost on gold extraction is by far the lesser problem... and on BTC is the ONLY problem So, how many gold mining facilities, or production plants run on renewable energy? |
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not all new projects are bad, but the ongoing bad impression has reasons behind it... a lot of people lost money to scammers and shitty projects... of course it is always partly our own fault if we are scammed or allow ourselves to believe in crazy dreams, but we can't blame them for being mad about it.
Crypto is paying the price as it's user base is primarily focused on grabbing money fast... lately there are a few good new projects arising, but for months I've scrolled the pages on BTT forum and found copies and copies of the same stuff... exchanges, dapps, ultimate cash... with nothing new, jut trying to grad some cash
But for things to evolve, we need new projects... and exchanges will evolve, and privacy coins also (beam and veil are examples of it), even BTC will someday loose it's position to a new improved project...
So I suggest that people try to investigate and show interest on their investments, search the tech part, the team, etc... this way they'll be able to support new projects with high potencial and avoid scams...
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As much as I hate banks, they are already adjusting... so it seems they are not going away, at least easily...
there are a lot of news about banks starting to develop blockchain applications and in some cases, testing crypto use... I think this will be a matter of time, at the moment they are betting on FUD and accumulation, and then the next step will be adoption, but I think it will be a kind of adoption in which they dictate the rules...
The system can easily fight back, for example, creating national cryptos controlled by governments...
and people will use what they are told to use
so we walk on a fine line, and all these people comming into crypto looking after quick cash and doing nothing, they all should be worried in building something solid and don't allow crypto space to turn into the same shitty system we have on the outside
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I use Visa/debit card from wirex, you have a fiat account and you convert your BTC into EUR or GBP or USD, and then use your card on an ATM machine to get your fist bills... a nice service, but lately not working properly with a lot of down times...
you can also check the accepted exchanges by the national banking authority on your country, around here Coinbase is one of them, and them you link your fiat bank account to the exchange and just send money from one to the other like any normal accounts
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If you look at the chart, there were recent moves that were a lot more "strange" as the dump/pump was higher... I am recalling for example last christmas...
People just go with the flow and refuse to think about things... how many users on crypto-space? and from these, how many hold a decent amount of BTC? The total volume is nice but still a child in comparison with stock markets... So we come to the quick conclusion that there are just a few large holders and it is fairly easy for these market makers to do whatever they want with the price...
Have you thought that these chart gurus that are all over the web drawing lines and supposedly predicting the behaviour of BTC, are just spreading what the market makers want, it would also be fairly easy to send a few signs on the charts and then liquidate positions...
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You have very cheap electricity!! A friend of mine is mining with 3x 1050Ti rigs (6 GPU rigs) and he is paying electricity at 0.15/kw.... he's still making profit but he needs to work hard to find good projects to mine, and of course, your game needs to be accumulation instead of daily selling. This guy also has the 3 rigs on his own bedroom (T0), exactly to keep him warm during winter time... the noise is not much, maybe similar to an old desktop PC On summer time, he moves the rigs due to excess heat... Having profit in mining is possible... hell, more than possible... but it takes hard work and strategy to acomplish!! And don't forget that a lot of people here are miners, and they often try to keep difficulty low by scaring away other potential miners...  |
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Sometimes small details can make a difference. The air intake should be as close to the floor as possible in order to capture the coolest air. The exausts should be as close to the ceiling as possible as the hot air rises and this way you'll be able to create a flow that will sweep the room efficiently from one lower end, to the other higher end.
The exaust diameter should be larger than the intake.
Sometimes, the direction in which you mount your machines in relation to one another can also affect the temp (for example, on GPUs it is more efficient to mount them blowing into eachother - in line). You need to imagine the air currents generated inside your container and try to conduct them efficiently
I would also consider previous comments related to intake/exaust volume
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Do you really believe that if any government would want to ban Bitcoin or crypto (like China), they couldn't do it? Of course they can  Even in the remote case that it would be technically impossible (and this is remote), banning the use of BTC makes it marginal and downsizes the user base to a few "darknet" participants... People advertising Bitcoin will say what they need to keep the marketing going, but the truth is that the institutions will have to be on board for massification, otherwise remember that governments hold the power plug, the internet plug, etc |
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Let's face it, nice words don't cover it, all around people are discussing BTC prices to exaustion and drawing lines like Picasso because most people participating in crypto-currencies is only after one thing: CASH
There is no turning away from this fact.
We are all speculators, buying or mining in the hope to sell it for a higher price.
Of course there are some that are interested in the technology, check the projects with a different view, and in these cases, we can say that tech and value walk hand-to-hand.... but most people don't even look at that side, they are just after the quick cash... that's why there are so many scams, it is easy to feed people what they want...
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this is a bold and general statement! I agree that new coins are having more trouble in entering the market than one year ago, but this is just consequence of the never ending number of coins that purpose to do the same thing, the huge number of scams, etc... the market is adjusting to this chaos so a lot of coins die at birth, and a lot others die not long after. Choose your projects well and you'll be safer. This is a natural evolution, or did you think that it was just a matter of choosing any coin and you'll get rich? Really good projects are still meeting their goals and developing well... some ICOs still reach hard caps |
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People say what they are instructed to say... most of them no longer think, they just repeat what the TV or newspaper said... like it or not, crypto currencies are here and are not going away, no use to turn your back to it... In my country, in the old tales about the explorers that went sailing the world, there is an old man that always shouts that they will die, that it is dangerous, that they shouldn't do it... this represents the fear of the unknown... if we talk about BTC, we talk about money...so the fear of the unknown will be overwelming for some people |
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Seems you have a plan!! I agree that the 1070's are a good choice, if I was setting up a rig at this moment I think those would be my choice... Have you checked thourougly the power consumption? I would feel better with a 1500W PSU... always better to have a bit more than risking a bit less...  get a pack of extra risers and don't forget these need to be powered risers... Good luck and don't forget to send word about how everything is going... cheers |
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well, your poll is a bit strange... to invest, win or speculate all end up in the same class I guess that everyone, although supporting the technology or a specific project, will be definitely looking for a profit outcome from their investment... this is nothing bad... it is just a natural fact... (Although it might be possible for someone with tons of money to be doing some crypto purchasing and trading just for fun) In my case, I am in love with crypto for the evolution it might represent, for the power to change the world, for the opportunities that it gives to everyone, and of course, for the opportunity to make enough money to stop being just a slave of the fiat system |
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We definitely need regulations... crypto space is almost the wild west... mass adoption will only start at that point... We should also avoid emotional reactions and fud that only serve others individual interests Crypto space needs people that are willing to build and not just after the quick cash... this is an important point and something that everyone can do for BTC... learn and evolve so that you can build instead of just looking for profits comming from others work... cheers |
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thanks for this usefull post!
I think that IEOs will very soon have the same problems as the ICOs... the main problem is the same - human greed...
As exchanges are popping up everywhere (greed!), very soon any exchange will conduct an IEO, and verification standards will drop...
There are a few platforms like Binance that will be able to conquer the trust of their users, but the rest will eventually end up in the same chaos as ICOs...
IEOs are undoubtedly a better financing system, but to solve the chaos, people need to change their view and be willing to search, analyse and learn... this is the only way to protect crypto world from ICO chaos...
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mistakes belong to those who do things.... these people eventually make mistakes and learn from them, carving a path that leads to success... But there are a few things that need to be taken into account, you need to be able to recognize your mistakes in order to improve yourself and learn (some people have trouble in recognizing own mistakes), and you need to consider the risk factor and evaluate the possible outcome only risking what you can loose (only make the mistakes you can support) If yu never do anything because you fear making mistakes, you'll never learn and you'll just stay stagnant... |
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