Interesting
After the halving the profitability decreased by 25%
Today I’ve realized that NHOS has switched to ZHASH instead of the KAWPOW
If you are looking at profitability in fiat value, then it's quite self-explanatory. Bear market is already taking effect and in the coming days/weeks/months. Mining most alts will not yield any nice profit to keep you running. It's the period of time when one has to be ready to mine and wait for 2-3 years for a bull run to be able to sell off the stash at good price. I’m looking at profitably in BTC because NiceHash gives the profit in BTC regardless the coin you mine I know that all the cryptos has fallen now but l can wait for better times So I only compare the profitability for RVN in BTC and it has decreased radically since the halving has been done This could be the reason why NiceHash has switched to ZHASH since then because they also calculate in BTC |
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Interesting
After the halving the profitability decreased by 25%
Today I’ve realized that NHOS has switched to ZHASH instead of the KAWPOW
I’ll have a look at it tomorrow but interesting
I don’t know yet if Raven decreased or ZHASH increased, so which is the real reason
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So halving is complete I still mine raven but at the time of the halving there was some messing with Zhash algorithm in the NiceHash app but now it’s raven again I will have a close eye on the profitability in the coming days We’ll see  |
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For most graphic cards it doesn't matter, most cards are profitable on ETH mining and few like Rx Vega 56 and 64 are profitable for ergo mining, the 3070ti are good for ravencoin and TON coin so there you have it, all this depends on the cards you own
The question is interesting for me because l have a few older cards like 1050Ti and they can only mine Raven Today I can mine with them more or less profitable but I'm wondering what will happen after the halving |
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Most pow coins rise very fast and high before the halving and then crash a bit after the halving and keeps following the market in general, in my view profitability will stay the same relative to where the cryptomarket is going, meaning if bitcoin keeps crashing then everything will keep crashing, however that does not apply to ravencoin at moment because speculation on it is high, so I would expect it to keep going up till the halving and after that is unknown territory yet, I say it will crash a little depending how much it will rise prior the halving which I believe it will rise significantly. I have millions of ravecoins and I'm not planning to sell it yet, if ravecoin gets higher than 50 cents then yeah I'm willing to sell, if not, holding it for now. Is it possible to reach 50 cents or higher now, yeah, everything is possible, even higher.
Even if ravecoin does not rise to 50 cents now then it has a higher chance to rise on the last bulltrap before hehell that will happen in a month or so, bitcoin is bleeding now and will keep till manipulators create that last bulltrap that sheeps think that bitcoin will go to 100k and buy it all then manipulators will crash btc to hehell.
Thanks for you quick reply So despite of the half of the coins will miners get after the halving it still will be profitable for the miners That's good news I thought if miners will only get half of the coins every time this will cause that they will only be able to sell also half of the coins than before so they will get only half of the income they used to before the halving So if supply (new coins mined) decrease and the demand remains the same it can move price up theoretically |
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Hi guys Raven coin halving is around the corner and I’m wondering how it will affect the profitability of mining the coin? If I understand well, we’ll get half of the coins after the halving so miners will have the half of the income if every other condition remains the same. I know that the halving will affect the price of the coin and hopefully it will go up but will that be enough to let us mine with a profit after that? Thanks for your thoughts |
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I read sometime that 3GB can mine ETH only if they are combined whit 8GB gpu, is this still true?.
The only GPU i could consider being rasonable would be 1060GTX. other old cards dont put the MHS for the power draw.
https://minerstat.com/dag-size-calculator4.547 GB how are you going to use on a graphics card with 3 GB of RAM? Use your 3gb graphics cards to mine Ethereum Classic de mid next year. In June 2022, you will be able to repeat the combined mining method 8 GB + 3 GB to slightly extend the possibility of mining on 3 GB video cards. Have a look on here. It tells you what you can currently mine with a 3gb card (plus any others), and when the coin dag size will increase. (although as pointed out already, I don't believe rvn can't be mined with a 3gb card anymore even though the site suggests it can). I'm currently mining Rvn with a 1050 ti 3 gb card (kAWPOW) so it works definitely. I'm also interested in mining eth with an additional 6 gb card together with the 3 gb card 1050ti is 4gb not 3gb. Thats is why you are still mining RVN. thanks for the clarification that makes sense So I can mine RVN until the 4 Gb will be the bottleneck That's clean But I would like to get an answer to my original question if possible : Is it possible to mine ETH with the 1050ti if it's in a rig together with 6 gb cards? Or in that case the 6 gb cards will mine the ETH and the 1050 ti will still mine the RVN ? |
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I read sometime that 3GB can mine ETH only if they are combined whit 8GB gpu, is this still true?.
The only GPU i could consider being rasonable would be 1060GTX. other old cards dont put the MHS for the power draw.
https://minerstat.com/dag-size-calculator4.547 GB how are you going to use on a graphics card with 3 GB of RAM? Use your 3gb graphics cards to mine Ethereum Classic de mid next year. In June 2022, you will be able to repeat the combined mining method 8 GB + 3 GB to slightly extend the possibility of mining on 3 GB video cards. Have a look on here. It tells you what you can currently mine with a 3gb card (plus any others), and when the coin dag size will increase. (although as pointed out already, I don't believe rvn can't be mined with a 3gb card anymore even though the site suggests it can). I'm currently mining Rvn with a 1050 ti 3 gb card (kAWPOW) so it works definitely. I'm also interested in mining eth with an additional 6 gb card together with the 3 gb card |
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You can see for the banks N26, Revolut, Kraken .... (European based) services are dealing with !
Such services that eu based and provide users with eu bank accounts
Revolut has started to let people withdraw and send in BTC directly but only for the UK customers. They think about widening the list of the countries in the EU, but it need time and some feedback from the UK market. But this is only valid for direct transfer of BTC to and from Revolut. If someone needs a bank account only, Revolut is fine. But I'm also 100% sure that they will go thru the KYC and AML checks for the customers. |
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In the eastern part of Central Europe you can buy a new house with a little garden if you have 2,5 bitcoins, but not in the capital. In the capital, the prices are doubled, so you need to have 5 BTC to buy a house, and in the luxury part of the capital, you need even more. I would like to refer to Kakmakr's post above: ... Based on the Bitcoin price today at $57,460 ..those 2,739 bitcoins will be valued at roughly $157,382,940  (So even if the property market boomed like crazy, you will never see an increase in the value of that property at that rate over the same period.) The other scenario is this... IF the Bitcoin price drop to say $1000 ....those bitcoins will still be worth $2,739,000... but the property will be worth a lot more.  Everything depends on your expectations in connection with BTC price. If you think BTC will double in a few years, it doesn't make sense to buy anything expensive, but to wait. If you expect the BTC price to collapse, you should sell your BTC, so you can buy your dream house or anything similar. But you won't be able to predict the future, so time will tell something about your decision |
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Azt nézem, hogy kb. havonta van egy post itt, na most már épp aktuális szeptemberre egy Talán most a nyári szünet után ide is visszatér valami élet Ha nem akkor tévedtem  |
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I mean, if the Nigerian prince scam continues to work to this day, why wouldn't new, uneducated crypto users fall for a scam involving coins?
That's what I also don't understand... How could people fell for the Nigerian scam systems today? It has already proven/documented/written/etc... that these kind of stories are always scam... But people just don't learn from the other people's mistakes, they only learn about losing their own money... and after they blame everyone but themselves... So unless people learn how to handle their greed with rationalism and learning about things they want to spend their money for, these scams will be here to stay... |
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To answer in a really simplified way (if I understand it right)
Bakkt will be the first trusted/legally accepted 3rd party who will link companies/people with bitcoin, solving the problem of the big investing funds and other investors who are not familiar (and in the future don't want to be familiar) with bitcoin and just want to trade it.
This is not the original peer-to-peer version of the usage of bitcoin but if we need this for mass adoption and acceptance, well, let's see how it will happen...
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I am wondering what is this information based on. PayPal, WeChat, Neteller, Skrill are no surprise, but some other services were unexpected. Not to mention that localbitcoins did not make it to the list... Like some others, I've never used any payment method from the list. If I want to buy/sell BTC, I use a local online exchange with direct transfers between bitcoin addresses and bank accounts. It requires no KYC, it's easy to use, and there's a useful website in case of my country that evaluates the exchanges based on customer reviews in real-time. As for some of the most popular payment methods according to this list, they are mainly unavailable or have limited functionality in my country anyway.
Does your bank happy with the wire transfers coming from bitcoin exchanges? You can read several times here on the forum that the bank account was suspended/restricted/etc... because of incoming fiat wire transfers associated with bitcoin. If it's fully legal and accepted in your country, you're lucky |
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As Carlton says, there was a 1 hour 16 minute gap between blocks 596166 and 596167. These kind of gaps have happened before and are not only possible but entirely expected given how mining works.
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In the hour before this gap, 10 blocks had been mined, which is way above average. Then we had a period which is way below average. If you look at the block production over several hours or days, it all averages out. Nothing happened except entirely normal random fluctuations, and people who don't understand how bitcoin works jumped on it as being some big news story.
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Gaps happen quite frequently... Last time I managed to see a gap (took nearly 40 minutes) was just after when my transaction got into a block and had to wait for that 40 minutes for another confirmation... after it, 3 block had been found in 5 minutes time. So yes, in the end it all averaged out, but those 40 long minutes were really long for me that time |
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I seriously doubt that even those who preach "buy the dip" will be buying by themselves at this time.
I'm always wondering those who preach "buy the dip" how exactly know what is a dip (or which is the bottom of it, or just the halfway, or the beginning/end...). I don't really trust TA... Everyone can see if the price goes down but nobody can be sure where is the end of the way down, nor where will be the end of the rise if the price recovers... |
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I wonder if this machine that can be found in 7 11 stores in the Philippines can be considered as a Bitcoin ATM because I can buy Bitcoins thru this machine. As long as theres a line of communication, this machine is online and you can buy Bitcoins through Coins.ph, if not then here in the Philippines I guess theres only 1 Bitcoin ATM.
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I think these kind of machines are also counted. In South Korea, or somewhere near there there are normal bank ATMs where you can (or will be able to) buy bitcoins, but you can't sell bitcoins there. If you count these ATMs too, the rise in the numbers is understandable. Also, I understand if you sell bitcoin at the BTM, it requires ID or KYC or anything, because you'll get fiat in the end and you can use that fiat for nearly everything everywhere. But why the KYC or ID scan is needed when you buy bitcoin? You have your fiat money (in cash or coins) and it's anonymous (you can prove the origin or you can't it doesn't matter now). You buy bitcoin with it which is also anonymous (pseudo, I know). You can't do whatever you want with your bitcoins, but because of the few exit possibilities of the bitcoin system (exchanges, localbitcoins, bitpay at webshops, etc.. not much thought) if you really want to spend your bitcoins for something everyday thing, you have to exchange it back to fiat, where KYC is required again... |
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Beware of malicious USB cables. They can come with hidden software/hardware built in that can download and execute malicious software once plugged into your device. Read more about the threats here and here. Best to avoid buying cheap knockoff cables or using public charging kiosks, which are prone to juice jacking attacks. Holy sh.t.... I was not aware of these kind of risks before... thanks for sharing and pointing it out... Now, I can ask myself why I haven't already thought about this very evident way of attacking USB powered/connected devices.... It's terrific, because 99% of the people won't think about this also, before they become the victim of this kind of attack... |
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It's been a decade since Bitcoin emerged as a decentralized digital currency for the people. While it's no secret that Bitcoin and other cryptocurrrencies have some drawbacks, they're still a great alternative to Fiat when it comes to making payments without a centralized entity in charge of our funds. With latest advancements such as DAGs, smart contracts, Layer-Two scaling solutions, Dandelion Protocol, Zero Knowledge Proofs, and more, it's becoming more evident that crypto will someday replace traditional payment processors like PayPal, Apple Pay, and Android Pay. Yet, Blockchain technology is still struggling with user adoption and regulatory compliance. Nonetheless, do you believe that there's hope for Bitcoin to beat traditional payment processors or will those same payment processors adapt to the Blockchain in the future?  For wire-transfer or sending money across borders, its already a winner. As a payment alternative it covers most scenarios. Something you buy online and go pick up later (or is sent to you) is already working perfectly well. ... Future depends on merchant willingness. Often, you can talk directly to a seller and ask if he/she would accept bitcoin, and chances are getting better and better everyday that in fact they do. Its often their trading platforms that won't, due to "fear" or regulation. It can be a winner for international money transfer between individuals. When a company wants to send money to another foreign company (e.g. company A wants to buy a specific car from company B, where company B is in a different country). Company A wants to check that car physically before buying it, so they will travel to the foreign country. They inspect the car and found out that is's fine for them. So they want to pay for the car, before anyone else pops in and buy the car by cash before their payment arrives, which means e.g. 2 working days outside SEPA (in the SEPA area it's 'only' 1 working day)... I know that there's earnest money which you pay to hold that car for you but that's only good against the other buyers, but you still have to camp there in a hotel or in your car to wait for the payment to get finalized via the SWIFT or SEPA system... So bitcoin seems to be a winner when a company wants to pay for another company... But there's regulation, and in most of the countries, companies don't have a clear guideline where to put bitcoins when it's about book keeping. Also they don't really know how is it possible to prove that there was a real payment (in bitcoins) and it's not something in connection with money laundry... So companies will mostly wait for a fiat wire transfer instead of using the quick bitcoin network for international payments now... But if the countries will implement permissive regulations in connection with bitcoin (e.g. Germany in the EU), this situation can become better for the companies, not only for the individuals |
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... Plus lol, aren't they beautifull crypto goods to collect for the pleasure of it ... That's the only reason why I would consider to buy that card but won't use it for the original purpose to store any coins on it, because of the above mentioned things... The card is pretty cool looking but that's all, you can't stop the greed, if this card becomes widespread among people, sometime an employee of the company will realize how much bitcoins are loaded to the cards and their system is developed by humans, and humans are greedy... They will find a way to take some bitcoins, not all bitcoins of course, but that's the way life is... So it will remain a fancy collectible thing for bitcoin lovers |
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