I personally prefer to choose exchanges with more lax verification or none at all, which led me to largely use BitMEX and Binance until the former stopped letting American customers trade on their platform. Having a somewhat longstanding reputation and decent volume is something else I like to see in an exchange, as I don't trust exchanges that are exceptionally new or have low volume.
Good support and quick transactions are also things I look for in an exchange. Errors do occasionally pop up for any service, and when they do, it's important that you can get assistance as quickly as possible for an issue.
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Absolutely agree- there's basically no cloudmining scheme out there I'd touch now with Hashnest discontinuing all their current products (S9, L3+) and Bitdeer coming out (a huge downgrade compared to Hashnest due to how the system works), and the current bear market doesn't spell well for mining as a whole. I'm personally sticking to buying coins instead of mining for the most part as most of my miners are now barely profitable or in the red. Wouldn't be a bad thing if this bear market makes some cloudmining services go out of business before the next bull run occurs.
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Another big red flag I've seen popping up more and more is lower-ranked members (typically newbie or Jr. Member) posting links to Telegram or Discord, likely intending to deal outside this forum and to scam people while they are outside of this forum. If you're ever making a deal for hardware, all communications should be done on this forum, and escrow should be from a reputable member on this forum. I'd only consider buying an item without escrow from a very reputable member on this forum, and most people don't fit that category on this forum.
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I also have used BitMex to short in the past, though they don't accept customers from the USA or Quebec anymore- sucks because I liked to short coins, and the other major platform I know of where you can use leverage (Bitfinex) requires you to go through pretty strenuous verification. Kraken also allows you to short, but I haven't used their platform before and I can't give you much feedback on that.
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I don't see any major complaints against the site as of now, but it does seem like the Bitcointalk account that owns the site has been inactive for a few months; however, I do see that the site does have some pretty great longevity having opened in 2012, though this doesn't mean it's completely not a scam. I'd advise gambling with a small amount of money you're okay with losing on the site if you really want to play on it for safety- I don't see anything that sets this site apart from others, as the site seems a bit old and other larger casinos have the same games with better quality.
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Keeping things updated is one of the things I suggest you do if you start a casino reviewing site. An online casino can stop paying out users at any time and it may not be immediately visible to everyone, but if you keep up with the times and make changes as necessary to your review of a casino that may be having issues like not paying out as soon as possible, you're doing something good for the crypto gambling community as a whole.
If you do choose to add advertisements and reflinks to your site, don't make them too obtrusive. I hate an ad-cluttered site more than anything, but I'll gladly disable adblock for a site that I support that doesn't have ads that cover up half the page.
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Deals through outside applications like Telegram are usually a red flag that there's fishy things going on anyhow. Half of the scams I see on this forum nowadays relate to people talking and making deals outside of this forum, especially through Telegram. I wouldn't trust my money with a new user on this forum either. If you're ever trying to convert BTC to a fiat currency or vice versa, always use escrow if absolutely possible, and try not to use reversible methods of payment (prepaid cards, PayPal, etc.) except with people you trust.
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This new Avalon miner could sell pretty well and replace the now-aging R4 units Bitmain made (though this thing likely needs 220v+ to run) and run nearly 2x faster than the R4s, though the efficiency on both the R4 and this heater seems to essentially be the same. I wonder what the dimensions for this miner are compared to the R4s- I assume this thing's larger, but it's still a quiet miner according to the Eastshore review. Seems like this thing relies on a liquid cooling system judging by the review stating that purified (I assume distilled) water needs to be added in for it to run. I also wonder how undervolting might fare on these units.
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Can't you buy bitcoin on Coinbase with paypal?
Nope, you can only withdraw on Coinbase with PayPal- I assume this is because of the risk involved with PayPal transfers into the site, as lots of stolen or fraudulently acquired funds go through PayPal daily. This forum's still a good place to transfer PayPal to BTC. Can I buy cryptocurrency or deposit fiat using PayPal?
Currently, customers are only able to use PayPal to withdraw or sell, and transaction availability depends on region. Coinbase does not support the ability to purchase digital currency using your PayPal account.
Link to full post from Coinbase
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I have a BFL 60 ASIC that didn't catch on fire - that's pretty rare because the other 4 units just like it all either blew caps, fried their boards or flat out burst into flames.
Maybe I can someday find Josh at throw it at his head.
But their PSUs work pretty well on 220V power. https://smile.amazon.com/gp/product/B0733JRFVL/ref=oh_aui_detailpage_o02_s00?ie=UTF8&psc=1$75 for the APW3++ right now on Amazon. Order some decent 6 pin to 6+2 pin adapters and they become useful for GPU builds. If you order on Amazon, at this price they will typically offer you 3 to 4 years of SquareTrade insurance type coverage for $2-3. Crazy. Does SquareTrade actually honor the warranty for the PSUs if there was some sort of failure in the PSU during normal operation and the thing happened to break? I've never bought the warranty from SquareTrade anywhere before, but this seems like a great deal compared to getting used APW3s on eBay for a couple bucks less especially with Prime. I might just get one with the money I have left over in my Amazon account if so- 3 years of protection for a buck and a half seems great. Just worried they might not cover something like this.
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Is mining on GPUs still profitable for you guys? I have pretty much given up on GPU mining at the moment due to the market downturn.
Not too much for me personally as my electrical rates aren't the greatest, but I've also sold off most of my miners in the current crypto bear market and difficulty on most algorithms continuing to rise or stagnating. At least prices on most coins have risen a bit in the past week and we might be at the beginning stage of a market reversal. I still have most of my ASICs as profitability could rise pretty quickly on them if the price of a coin goes up significantly in a short period of time though.
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Scroll through this section and also the Gambling section for a few pages, click on a gambling site thread and look through to look for any negative feedback for the OP of the thread and also the casino, and you'll be on your way to finding legit gambling sites. Besides FortuneJack which I represent, some places like NitrogenSports are legit, as well as PrimeDice and YoloDice to name a few. Almost all of the older sites on here are legit, and you won't have many problems with those sites. Where most people start to find problems are on newer sites that don't have as much reputation and longevity.
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I bet you could try to trade BTC for a steam gift on Paxful for a decent rate at ~70-75% (seems there are many active trades for steam gifts there at a discount), but selling can be difficult there if you don't have a lot of rep already there, and scams are everywhere on that platform, a big reason why I don't personally use the site much. SteamGamesBTC does sell $50 Steam codes at a discount, but that discount's just $0.50/card. SteamGamesBTC's legit and I've used them as my main source of getting steam GCs in the last year however.
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It's really just the entertainment value that makes gambling worth anything in the end. Long-term you should not expect any significant profit and you'll actually lose money because of the house edge built into most casinos (which can be rather high on certain online crypto casinos), but like Goldleader said, some sites have slightly better odds for you to win than others. In the end, I personally pick the casinos that have the best games that I enjoy, or I bet on esports matches and watch them as I value entertainment over anything else in gambling, though it's indeed satisfying when I rake in a temporary profit from a good roll or a good pick.
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Absolutely wouldn't do it, Philip provides the relevant math to discourage you from investing in the site if you don't believe us. Cloudmining does look attractive, but you do have to remember that we're in a bear market and a difficulty rise or coin price drop can easily make the contract you're buying into no longer profitable as you pay for maintenance fees upfront, which means the risk in the contracts is completely offset to you and Bitdeer gets essentially free money. I have used Hashnest in the past (with relatively few issues), which seems like the predecessor to Bitdeer the way Bitmain is advertising Bitdeer, and their way of cloud mining was less risky (albeit still risky) compared to Bitdeer, but this is completely different.
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what about other algorithms ? like Equihash , NeoScrypt , CryptoNightAlloy , ..... ? can i get the 660 Hash/s on another algorithms to?
Nope, the hashrate for the cards is different on every different algorithm. If you go to https://whattomine.com/ and enter in one RX 470 card, you'll get an approximation for how fast a 470 can hash on the various algorithms that are listed on the site. It's unclear to me whether or not the numbers given are for a 4GB card or 8GB card, but they should be about the same for your 4GB 470s.
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I've personally designed miner boxes from cooler boxes for the various ASICs I operate (L3+, etc.), and I've found they all work well as long as you have a way to ventilate the air the miners create, and you monitor temperatures as needed so you can add fans to increase intake or exhaust or up fan RPM so the miners don't overheat. I've seen people design miner boxes that twist around apparently to trap sound and to allow air to flow, but in reality those designs restrict airflow too much to be useful. Always make sure to test what you make over an extended period of time to ensure your design can work 24/7.
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Having a deep understanding of the game you're betting on as well as the team is what I use for CS:GO betting (a popular esports game if you didn't know), and this has helped me make some good profits on the lower-tier North American CS:GO matchups. There's obviously some level of luck in betting as with any type of gambling, and I don't always make the best predictions for matches every single time, but having a basic knowledge of the game you're betting on greatly helps out. I've found that my match prediction accuracy has increased as I have gotten better at CS:GO.
I also personally know some of the people in lower-tier NA CS:GO matches, and knowing the players and their recent scrimmage results and such helps me predict matches more accurately than if I didn't have the connections I currently have.
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The recent upwards price movement is still not a good indicator that we're now out of the bear market we've been in since the ATH, and this bear market may well not be over- there's still high selling pressure everywhere (we failed to break $4300 twice yesterday), and we could very well be down to retest the mid-$3000s in the next few days or weeks. We're still in uncertain waters, and I wouldn't call the end of anything just yet, not even this pump.
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Holding coins can be less risky than trading if you're not experienced at trading and you're blindly making moves or trading largely emotionally, but both holding and trading have risks baked into them. At the end of the day, both trading and holding are perfectly viable ways of attempting to make a profit in crypto, but holding's easier to do for most people.
Most of my long-term coins I hold are major cryptocurrencies, as holding smaller coins usually doesn't give the best results. There are indeed coins that shoot up from a few cents to a couple dollars, but you have to also remember there are thousands of coins out there, but few will rise in the long term. There's just so many shitcoins out there still.
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