Beyond mining, I’m also looking for advice on how to generate income through crypto or Web3 projects in today’s environment. Whether it’s through development, DeFi, NFTs, or something else, I’m eager to learn from those who have experience in the industry. What are the best opportunities out there right now for someone like me? What should I focus on as I build my skills and portfolio? I appreciate any insights or guidance you can provide. Thanks in advance for your help! For that, checkout the Project Development area for NFT's, DeFi, etc. For altcoins start here in Altcoin Discussion area@Phil - ja, take out the unneeded spaces between lines und that definitely should be a sticky as a quick 'go here' reply. ... not that many new folks would pick up on it before making yet another thread asking that same damn question... Would be nice to have them be moved to the sticky post (hopeful to see that) that I tightened up every time they posted the question. That would be a good use case for ai.  to op I gave you a merit for your polite follow up. It is tough to answer that question 1000 times which we have done. But basically working a gpu to nicehash or rainbow-miner and maybe once you get some btc then rent from nicehash to get a block for ckpool it would be cool to integrate 1)gpu to nicehash. https://www.nicehash.com/algorithm/kawpow2) stack some btc in a wallet step one will do this in time 3) switch to nicehash rental of btc. https://www.nicehash.com/my/marketplace/SHA256ASICBOOST4)mine at ckpool for a solo block https://bitcointalk.org/index.php?topic=5237323.0that is a lot of steps that if all done in an automatic fashion would be a good project |
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Global silver reserves amounted to a total of 610,000 metric tons in 2023 while The World Gold Council estimates that all the gold ever mined, and that is accounted for, totalled 190,040 metric tons in 2019. If you compare prices per gram then gold is expensive than silver. People would love to hold gold instead of silver because gold is rare and many big companies hold gold with them.
note I rounded numbers below so gold is 2400 and silver is 30 an 80 to 1 ratio in value and silver is 600 tons to 200 tons a 3 to 1 ratio in weight. so the question is why is gold over priced or why is silver underpriced. logically silver should be ⅓ the price or 800 not 30 or 1/80 the price. back in the day say 1978 silver got close to 50 and gold was around 500 this was the tightest margin ever silver about 1/10 the price of gold. not the current 1/80 gold works better for electronics than silver gold would make the best car batteries ever they would last for 50 to 100 years. so is the real reason gold is pricey is it is a better industrial metal? |
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But I have had plenty of beef steak 🥩.
I really want to have some bear 🐻 steak 🥩.
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[...]
and if all mining of btc stops btc becomes frozen in the address it is in. unable to move digital across nations.
[...]
Theoretically possible, but highly unlikely. It's not a global on/off switch. If miners start shutting down, the difficulty will drop, giving more incentive for smaller miners to start mining, thus resuming the 1 block / 10 min target. It's a self-regulating closed loop. Can't speed it up, can't slow it down. It's been beating steadily for 15 years now. well much like gold or silver or oil companies will not full stop. the difference is btc in a wallet fully needs active mining to stay "alive" the oz of gold in the bar in my house does not need active mining to stay a gold bar. So when supply + demand people say it's all in demand for price. it is not the same fundamentals as the demand for gold. btc supply new and old needs active mining gold supply new needs active mining old does not. I think this is basically ignored in loyce and jjg's models for btc price. mining of btc can 2x affect supply which surely will affect demand directly much more than gold. yeah to think mining losing profit and dropping from 660eh to 330eh won't be a direct affect on price is quite naive. last time mining dropped 50% due to china price dropped 50%. and mining lead the drop in price. oh and a nice bart as price drops to 59k |
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To further argue the point. If all mining of gold stops. Gold will become more valuable as it will become rare.
and if all mining of btc stops btc becomes frozen in the address it is in. unable to move digital across nations.
So yeah mining does affect and control btc much more than it does gold or silver or precious material.
Not so much oil which needs continued mining to exsist.
In a way oil is a better model than gold for btc but the reality is neither oil or gold model the way btc does when it comes to the mining of it.
its why traditional supply and demand is not exactly correct to say that is controls btc price.
btc mining can directly influence supply across the board.. in and it can directly influence demand.
gold mining can only partially influence supply.
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Lagging around daily EMA 200 again  What is that supposed to mean? Personally, I am kind of looking forward to getting the BTC price back into the top 100 weight-traded average days (including the table that some of us are continuing to monitor), but we still have another $5k or so to get back to a weight traded average of $64.5k-ish. Frequently we cannot really work ourselves up in regards to how long it might take to get back into the top 100 weight-traded, and I am not really too overly concerned that it is going to take a long time, yet at the same time, it does not hurt to be prepared for a variety of scenarios that includes taking longer than expected (or preferred). We are still pushing the 200-WMA around $34-ish per day. it's important to remember that the average electricity cost of Bitcoin is around 60k. the likelihood of Bitcoin staying below these price levels for the long term is not very high  Fair enough point about some potential for the incentives to want to push BTC prices above the cost of production, even though hashrate does not really dictate BTC prices (which seems to be a point that our buddy Phillipma1957 and a few others like to unconvincingly make from time to time), and also even though I was not able to find that chart: https://capriole.com/charts/.. which I should not have to try to verify from where ever it might have had originated. . as long as it's the right direction I don't mind buddy doing a streak
That is also a fair point.. None of us should be too overly concerned about buddy streaking, so long as s/he/it is streaking UPpity rather than some other less exciting direction. .not that I am acknowledging buddy to be "sexy" in any kind of a commital way. it's important to remember that the average electricity cost of Bitcoin is around 60k. the likelihood of Bitcoin staying below these price levels for the long term is not very high Miners don't decide the price, the market does. If it's not worth mining, some will quit, the difficulty will drop, and the electricity cost per mined Bitcoin goes down. Hey good point Loyce. I was kind of thinking some kind of a thingie-ma-jiggie like that my lil selfie, but I was a wee bit fraidy kitty cat to speak up, you know shy in a kind of broken record kind of a way.. it happens sometimes, even to blabber-mouths, not that I fit within those kind of descriptors the best of us [I ask myself: "Self? should I try to be a wee bit moar humble?"].
big snip
Mining btc is not like mining gold. The btc that is mined needs mining to exsist. mined gold does not need mining to continue its existence. Btc is totally dependent on continuing mining. gold is not. to think mining has no effect on price and only demand moves price is to dent the fundamentals of btc as compare to gold or silver or any precious metal. |
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About having rich problems, a billionaire just died (along with others including his 18yo daughter) in the freak sinking of a superyacht.
Last year there was also the one (also with his 18yo kid) who died in a dodgy submarine...
I've done plenty of sailing and never came close to dying, oh well.
The sea is still a no go for me. It makes me feel small in the grand scheme of things Mountains do same, atleast it's fun to hike in group as long as none of you are too daring. The sea is cool if not going too deep  Never been to the mountains, but it seems more scary for me. I have been to both. They both can kill quite easy peasy. I prefer the sea. Nothing is cooler then laying on you back on a dark moonless night and staring at the sky so many freaking stars. You then get up and walk to the rail and the freaking stars are right down to the horizon. Those were really great things to have seen. Not so much a ton of stars but that they go right to the horizon all around the ship. Also watching dolphins glow in the water and play chase at the bow of the ship for hours at a time. All of the above are some upsides of the US Navy. My ship which I lived on from 1978 to 1981 https://en.wikipedia.org/wiki/USS_Dixie_(AD-14) https://en.wikipedia.org/wiki/USS_Dixie_(AD-14) |
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As I said if they liquid cool and pipe the heat to homes it would work.
Large cities in cold cities need lots of heat.
the need to heat the complex below is real they use old oil burners to heat them.
[...]
all of these all over the world could be heated by mining and liquid cooling burning the same fuel you do now.
the will of leaders is simply not there. the answer is real and would work
smallish city i worked in 20 years ago still had the steam pipes and distribution system from back in the day underground. everything was heated with steam.. all the building on main street and more all connect in multi level unground tunnels. steam and water pressure gauges from the 20s and 30s still there and working. point being some cities likely still have most of the infrastructure already there to experiment in. was way cool to explore. thank you. I had a childhood friend that had a union job as an engineer in NYC. He work in the Empire State building and it used water for cooling ie a 900plus foot swamp cooler. a concrete shaft buried in the buildings center. It also had hot water heat radiators. So yeah this could be used. It is unfortunate that governmental will to build and do good shit with tax dollars is dying off world wide. Other than building conventual weapons for wars like Israel vs Hamas or Ukraine vs Russia. |
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Woke up as Biden shut up. And buddy is looking to give us 61k very soon |
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buddy as biden puts me to sleep with a boring far too long a speech i thank you again for 60k+
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Please READ THE PLETHORA OF FREAKING OTHER POSTS here BEFORE asking this same damn question!
It does not matter how modern CPU/GPU's are it IS NOT POSSIBLE! Period.
why don't you give him the complete answer. A) it is possible, but it is a waste of money. B) if you want to not use an asic miner Than point the gpu or cpu at nicehash mine some alt coin that is good to mine and nicehash will exchange that hash into BTC. Actually this should be a sticky answer and all that ask the question could be pointed to the correct answer. Fuzzy I get why you answer the way you did. At the op go to this section and ask around https://bitcointalk.org/index.php?board=160.0btw I mine some gear to nicehash and get btc. look at this link https://www.nicehash.com/my/miner/bc1qvzdhqgkng5wpxyn99488jdqq97qx02nndty3pwI make 35 cents a day on a free power pc. I get paid it in btc around once every two months it is 1 gpu mining kawpow which is changed into btc and paid once I get to 0.001 btc that is about 200 days. I get 0.001 btc that card in that rig is a msi amd 5700 if i could manage to run my own pool privately that card would do under 1 penny a day directly mining btc. a modern card can do 2 or 3 gh burning a ton of watts 150 watts.
the cheap asic avalon burns 100-150 watts and does 3-4th. that is 1000x the hash power for the same watts.the pc i am running to nice hash in that link cost 350 to 400 to build. and runs hot at 150 watts so 150 x 24 = is 3.6 kwatts if free you clear maybe a penney. if you find a pool that runs it. if you really want to use cpus and gpus look into nicehash and mine alts like the link I showed you. or just buy a cheap ass avalon miner for 150 and burn 100-150 watts and get 3-4 th. rant over |
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About having rich problems, a billionaire just died (along with others including his 18yo daughter) in the freak sinking of a superyacht.
Last year there was also the one (also with his 18yo kid) who died in a dodgy submarine...
I've done plenty of sailing and never came close to dying, oh well.
yeah lots of time at sea for me and still here. |
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thank you buddy for 60k+ again
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As I said if they liquid cool and pipe the heat to homes it would work. Large cities in cold cities need lots of heat. the need to heat the complex below is real they use old oil burners to heat them.  all of these all over the world could be heated by mining and liquid cooling burning the same fuel you do now. the will of leaders is simply not there. the answer is real and would work |
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dude i have seven hammers.
all for various tasks. Ask me how many of my neighbors did i ever hurt with my hammer 🔨 s.
answer none. why is that ? because i care about people and practice the following rule “ do onto others as you would have them do onto you”
now on saturday in near by NEW YORK CITY three a-holes used a hammer to torture a couple.
Do we ban hammers no. we punish the a-holes.
you use cops and laws to do that.
it is not complicated.
the issue is not the hammer (btc) it is the way a-holes used it.
lucky in NYC the cops got the a-holes.
now in texas the law says small fines and restrictions on law suits. So basically texas is allowing people to use btc like a hammer of sound.
if btc did not exist the same texas a-holes would use scrypt and do the same thing or ai or folding or some other loud ass mis use of crypto mining
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I figure 200k or bust in the next 8-9 months
Something like this?  (image credit - Twitter Handle top left) yep |
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Thanks very much, when I saw the word “fatal” I feared the worst. But I will try your suggested actions and report back.
Follow up and let us know please. |
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I figure 200k or bust in the next 8-9 months |
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I will give up chicken livers right now, for free - just for my WO buddies so as of now, I'm finished with chicken livers. Don't say I never did anything for you.
and ill give up broccoli. for the cause! I like broccoli I will keep that on my list of wants and needs. |
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but how many 100 watt or 200 watt or 300 watt miners are running
avalon on medium speed is 100 watts.
I will run my two until they break. but that is about 210 watts and 7th
even if a million do it it is
7,000,000 th or
7,000. ph or
7. eh
the interesting thing is will we get the 100 million people level doing this.
if we do it could really help btc down the road.
stopped mining gpu/fpga coins when eth went pos. sold that shit for corn. i do miss the hum haha. but i did i mined btc on gpu/fpga in 2011/2012 and even continued at a slight loss. guess what, those btc coins i mined at a slight loss are where probably 60 percent of my stack today came from. because i kept mining. wasnt worrying about the money, btc was cool thats all i needed. of course i did folding at home which where multi gpu rigs just for funziesi for free so i was used to power bills and such. so i said all that to say this: but i still have a dedicated 20amp outlet that i can run derated at what 16 amps. and as long as they are somewhat quiet i might still give a go. i think many small miners that can be used in basements and garages etc are the way to go. Biggest mistake of my life -- not mining back in the day. Total anonymity and tons of fresh, untainted coins to be had for practically nothing. I did some F@H at the time, GPUs number-crunching @ 100*C, not regretting it, always nice to contribute to science. I remember I did try to set up a Bitcoin miner back in 2010/11, but it was a complex (for me) Linux setup process and I wasn't so good at it back then. Gave up. Should have tried harder... It's still so mind-boggling to me, that, back in 2010, Laszlo Hanyecz was able to mine 35,000 BTC in two months, and added another 80,000 BTC soon after. Saylor-level quantities available to anyone smart enough to recognize and willing to embrace the opportunity. Not really complaining though. I try not be too greedy and be happy with what I have. It could have been much, much worse. Just imagine a no-coiner today. Esp. one that knew and understood it all when it was happening, but did nothing. This must be a hell of a mental pressure to be able to live with... I first heard about BTC around 2013. I remember reading a post here around then (just lurking) about someone spending 50 BTC on some regular coffee he was buying.  50 BTC.  I'd fricking give up coffee for the rest of my life for an extra 5BTC added to my stash. Luckily for me the top of 2013 was higher (with all the hype in the media back then) than I eventually and finally bought into some years later. Wait, wait, wait... what's this about giving up coffee? Not for all the tea in China! Hmm no coffee but endless Tea. Well I do both and would prefer both in fact I had 2 coffees today and just made 1 cup of tea. could I do without one of the two yeah but since I have btc and 5 btc is not that much more than I have. I will take the tea and the coffee as much as I want. If offered 100btc I would let you pick which on of the two I have to quit. |
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