Yeah, I`m aware the whole mining opertors to pause is just a hopeful thinking lol.
But, people obviously cant speculate the on price jump.
I personally just gave up mining all together have some on SP partnered cloud mining, and been just buying instead. I just feel like me selling normal items for bitcoin is also just a better route as well.
Items such as iphone 5 in bulk through a liquidation site, and fixing them.
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If you head over to zoomhash, they actually have quite a few used miners at forum prices.
And you can use your credit card. Also you mention spoondoolies, they actually have a partner for cloudmining if you want to dive that since most of their miners come from SP which they also get constantly mentioned.
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I suggest you take a look at sites like zoomhash, but know these units are sold used.
So its a bit of gamble if you dont get a really dirty miner you have to clean. But, they offer decent comparable forum prices with the whole credit card option.
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Regardless at what country has the lowest price, eventually you`ll want to start not wanting to pay at all.
Which then you`ll start to consider getting free electricity through methods mentioned like the solar panels, so why not just do this from the start.
The only problem is days that dont offer the sun like rainy days, youll have consider to pay for those times.
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Whoah, I thought it was going to be at least spoondoolies, but you need to add some info under that link.
So no one else needs to waste their time.
No one is really looking for 60 gh/s since it requires way more hashes then that.
The minimum these days is 1-2 TH/s.
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I feel like most of these moves are based on bigger institutions that dont want bitcoin to grow.
If a country bans something, usually they expect others to follow hence why US has strict rules. Most of these transactions are gambling related anyways, so the only impact at this moment are those gambling operators.
If they cant move money, its harder for them to operate. Theres not much impact in overall value since everyone has their own view why they hold bitcoin, but this is based on what I see.
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Id wait it out until it settles to one side.
And seeing if there is some sort of upwards trend. Thats only short term thinking though, but I`d invest small amounts cause its needed for people who do money laundering this includes big btc sites like primedice, but its more severe on the online gambling sites that also accept fiat.
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You cant takeaway the entire system, you have to change their policy or their operations of someone to oversee them.
It also needs to be a private company with a governmental approved, since most government staffing lacks in these areas. The better the oversight the better reduction of more less fiance mess, the credit agency was doing this role until they started getting paid to give AAA ratings on all investments.
The oversight needs to be in 2 places, or just 1 on the credit agency either way works.
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Why not just do gyft, it seems the best scenario without any hassle.
And if you were short, couldnt you just get a microloan?
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I congratulate on your sales but a full coin hasn't been bought at this rate yet. If and when that happens on multiple accounts, I believe that will be time for walking on sunshine. It's bullish nonetheless considering premiums for purchasing are like tips at this point. It's so amazing and incomprehensible that people can't get a coinbase wallet w/ 2FA and buy their shit at market price. Either way, rock on!
Its actually understandable, since coinbase does the whole verification procedure, only after all that to determine honor your buy request or not. Most people got fed up with them since they failed to do so, or they faced buyers limitations based on their risk assessment plus how they handle their support which seems the main reason as well with those situations.
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Being rich happens actually overnight, but the hindsight is whats left unsaid like putting in 11 years of hard work to build a company.
The variation of time length depends on what the type of business maybe, but that just only means they sold something existed to americans / everyone in general what existed but it in a nicer way.
Their actions are the same, since they see existing exchanges like bitstamp.
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Wouldnt it be opposite then since you said btc does not print to infinity, therefore value increases automatically based on users understanding a limited supply.
Outside from manipulators, the reason why its so hard to speculate bitcoin is wondering how many tranasactions and what its used for.
To me, honestly would be good 70% illegal online gambling sites, and current gambling btc sites that make up the majority purpose for money laundering since they really need it the most esp when they accept fiat money.
You combine that, its the other online gambling sites that need it the most.
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I would say its better to buy bitcoin when its dirt cheap like this when its on a downtrend.
When you mine, youre assuming you get most of the miners paying electricity, which is the main concern. Since you took away this element, its not a matter of how many blocks of work you can get, hence your performance.
You mentioned s-3`s, but if you do a bit more diggings you can actually get $200 or less for a spoondoolies and they perform 1 TH/s per unit compared to the s-3`s.
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I have the feeling gold may be indeed forever, but it doesn't automatically mean Gold is #1 forever. BTC is much better in a lot of ways, we never know how society will evolve in the future and its perceptions towards what is and what isn't the standard for wealth.
The one question that is most interesting, I believe, is: What is going to happen first: Gold can be reproduced cheaply, or the algorithms (esp. hashing functions) used in Bitcoin can be reversed or undermined - and no new functions are being found to replace them? I don't really know where to place my bet on this one! Thats actually something that most havent even considered lol. But effects the outcome immensely, since but I feel like gold will always somewhat harder since its not a digital thing. A miner has to dig several feet in the earths surface, only to filter through the sand for flakes, that eventually add up reasonable weight. As a algorithm can be changed by coders several seconds if the hackathon comes up with an idea area to focus on.
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I`m calling it`ll be in the 100ish.
I say more of $180ish or if something drastic happens with a sell off, could prop to a lower value. The only way I see bitcoin retaining value always regardless of what people say would be illegal transactions.
This includes money laundering for online gambling sites that accept fiat more mainly.
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If bitcoin was $10, then wouldnt it be used constantly? Promoting everyday use similar to a credit card concept.
Only since the price value has gone up, there isnt much of the everyday mico transactions, but if the value was such low like that why would we want to compete something that people already see no benefit plus re-education.
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I wouldnt do 50% nore 70%, there needs to a lower percent option lol.
I would choose probably 5% at most, and buy more depending on the price. The rest of my money would be in notes that earn me a better principal regardless on the future at a fixed rate. I rather be certain on how much I make 1st, then to speculate profit.
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Didnt they say something similar back way in 2013 or several years back.
And they say something similar now is a bit weird to my eyes. The question is, how is china suppose to sell off their american debt? if our dollar value is reasonable being lowered every year.
I doubt they are completely out of the game. China has massive amount of people, and if they see some form of benefit they`d seize it.
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I feel like the era of mining can happen again only if several big operators stop and pause.
But other then that, the average user cant really get much.
Unless you take advantage of the paused operation you fill in the similar risk that they took, but you take it on a smaller scale.
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Stop suggesting people to gamble in order to double their coins. That's just a horrible advice. You'll always lose in the long run.
Nothing beats Bitcoin trading if you have patience. Buying low and selling high will be the safest way, especially if you understand how markets work.
the trading hides always a bit of gambling inside it, you can't now for sure what is the low and what is the high, also i think it's better to sell first and then buy, because in the worst case you gained something at least It's a safer gamble than actual gambling, but less fun tho. Most altcoins are just a straight gamble, it's a waiting for the pump game, and you may miss it and end up with useless dead coins. I learned the hard way, I have in my portfolio at least 10 dead coins that nobody would buy nowadays even for 1 satoshi. You cant hide gambling, its the same way I look at it. Trading and all the TA you can gather still can come out to be a wrong result, I might as well take it as a 90% win rate and do a 1 bet run then stress out on when to buy and sell out 90% day traders lose. Its either you want to deal with higher stress or less in my view.
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