Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds. While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI.
even with the 1070 i still mine currently for ~ $ 5/day/card - the cards will be payed off soon and then i still have plenty of currencies to mine on profit  the 1080ti has roughly the same mining power per $ investment costs like 1070. I think you are overestimating the 1070 revenue. It is more like $2-3 per day. i think you mine the wrong coins  it just went down a bit since yesterday as BTC went down now but i expect that to go back latest beginning of august and till then i keep the BTC No, he didnt mine the wrong coin since we do have the same profits on daily basis which means the current payout for entire days would be on those range. It would really go even lower considering that the price of Bitcoin is slowly decreasing the same time on ETH too which means we can see the difference and this is the part of the risk when we do mining. Difficulties would really rise up just as expected but 25% jump up is really too big for me. |
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Even when I use something like Veracrypt to encrypt my seed keys, I'm still worried about the security.
If the whole seed key is stored in its original format, all it potentially would take would be someone or malware to take a screenshot or keylog my computer, and they'd get access when I decrypt my Veracrypt drive.
I know hardware wallets are more secure, but when you're trading altcoins etc most of these can't be held on hardware wallets
I've been thinking of possibly saving half my seed key in one location, and half somewhere else.
However this causes the additional problems of more backups and more passwords to remember.
What are other peoples thoughts?
I just don't like having my whole seed stored in one location
If you are holding huge amounts on altcoin then it would really somehow give us chills on securing our keys because we are afraid on getting hacked and lose all those coins but its not really a big problem after all. If you do actively use those coins then hardware wallet would not be a best choice and you idea regarding on splitting them would do but you should really keep it on mind on where you do store it because once you lose the other half then say goodbye to your coins too. |
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that is how they survive!
all these ICO and scam coins pay them to be listed on their website. and then when they die the exchange owner fires up the fake bots and fake pumps the coin while ignoring any order that a human makes and make money from anybody who is fool enough to buy it!
Very well said and thats how that Scam Exchange do work and since from the start i dont really join those ICO that they mention on their newsletters on emails because i do know what would be the ending on those people who do engage with it. Im once a victim on buying a shitcoin back in the past when im still a newbie and until now im still holding that shitcoin that its price didnt even move even 1 sats. Ridiculous. |
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It looks like all altcoins dump 10-20%. What is the reason?  I am very sad  Theres nothing new about it buddy since those movements do commonly happen on cryptoworld which prices do really move on both ways either ups or downs and moving on a percentage on a single day is really possible thats why you shouldnt be shock after all. If you do decide to jump in on crypto then you should get used to it so that you wont be in doubt later on when you see moving prices ahead. |
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What happen to this? Its on everybody or just me? 404 Not Found nginx/1.4.6 (Ubuntu) when i did try to access the link that shows up. However, i dont have any knowledge on freewallet since i do make ether wallet on myetherwallet.com.. |
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I used to mine a while back and have two 2GB sapphire r9 270x, now I'm back and scrypt is all ASIC.... X11 is ASIC.... ETH can't be mined with 2GB cards.... most of the new ALTS I see being created are now ICOs on ETH and not mineable currencies... is there a list of coins still mineable with GPU?
Hi, I would like to say that you GPU is quiet old already but it can still mine but expect to give very low mhs which would generate you very very small potential amount earning on mining alts however theres a calculator that i would give regarding on those coins that can be mine by GPU but i dont know which one would suits on your card to have the maximum profitability. https://www.coinwarz.com/calculators |
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When is then best time to buy bitcoin and when do you think is the best time to sell?
I think its a great time to buy now but when is a good time to sell (if you have any idea please share)
If you are planning on making investment for long term then this time would be the best time to buy even though its somehow expensive but still better because we can already see its potential on whats ahead on bitcoin but if you are just longing for short term profits then active buy and sell would be a tough thing for us traders and seeing on the current price its stabilizing between 2400-2500 and there is upcoming event on august 1 which we wont know if it would pump even more or make a dump on the price. |
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using multiple address is useless they are all linked if in the same wallet, in fact i only use one now, privacy is still safe because the address it's not linked to your name you know
if you want real privacy you need to use a new wallet each time not creating a new address, it's also true that some hidden addresses are not showed in the explorer...
Im confused that those hidden addresses cant be detect by explorer. Are they mostly the newly created? which doesnt have much transactions which explorer cant detect. Multiple address on a same wallet is still fine since there are wallets that do have an option if you would like to link on a main wallet or create a new one which doesnt have relation on the main. |
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Pretty sure the people with 1-2 gpus won't stop mining way after the large farms disassemble their rigs.
They are gamers primarily and they bought the GPUs for gaming and don't really care about ROI.
Agreed, we do have different interest some may mine for altcoins not for the sake of earning profits or reaching roi buy they do love to explore new things and feels this excitement as a hobby on mining them. 2 gpu wont really be sufficient if you are really putting up a serious goal on mining but still would do when you are just starting up to explore new things. |
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Its quiet surprising for a Hero member do ask this thing when it comes to trading matter. Prices do really drops which is normal on cryptoworld we do see most reds and later on we do see mostly on green.Its just on alternate position no matter what would be the reason is since they are all volatile depending on the activity of its users and as of now i cant see any news related on going red on most coins.
It's really more surprising to see a hero member asking this "recurring" events in cryptoworld than seeing those red marks. But then, I am expecting a green marks as we approach the August 1 event. Maybe the OP is asking if there is a specific event that might affecting crypto's going red that he is not aware of. There's no negative news that's going around. People are just simply cashing it out or just waiting for Aug 1 to happen before investing again in the crypto's. And just like we preached, we really don't need to panic at this time and sell our reserves. We all know too well that crypto's specially bitcoin have the capability to bounce back.
@xianbitsNothing is surprising here... It is not compulsory to have all the news as a hero member. Though I became hero about 30-40 hrs ago. Last few weeks I am very much busy in my real life businesses. So I am not getting much time to follow crypto world. I was feeling so tensed this evening when I saw the price of SiaCoin. Because few days ago I have invested some amount in SiaCoin. I also asked for suggestion in their official thread yesterday regarding the price drop. But today price dropped much more than yesterday. And then I noticed almost every coin in polo has a negative value... Almost all red.. Then I checked at coinmarketcap..... the result was same.. So I became curious to know what is happening exactly in crypto world...? Why almost all coins are red? So created this thread. I am just undecided what to do with SiaCoin.. Put more investment to recover the loss from previous investment or wait till August 1. Just trying to look for answer.. I hope no one minds that... @joshy23Thanks for understanding. Yes, i do understand your points since we do have our own busy life and we cant really know all things- sorry for that and it seems you do buy Siacoin on its pump which you can really think off on to sell those coins to cutlose and you entered to late on Sia. Diversifying on cope uping the lose is a good move but we should still be careful to avoid more loss. If i were you buy after August 1 event. |
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I'm sure there's a new thread every day asking which Alt-Coin is going to be the most profitable and what you should invest in today. That's all fine, I'm interested in that too. Today however I'd like to cast a wider net.
As a n0ob with cryptocurrencies, I'm convinced I'll make some errors and I'm sure there are things that I've misunderstood; Feel free to correct my if I mess things up.
From what I've seen, Bitcoin is without a doubt the dominant cryptocurrency out there. Bitcoin is also fairly slow and resource hungry. Bitcoin also has a cap at 21MBTC.
Could it be that Bitcoin will become the equivalent of digital gold?
Everyone recognizes gold as very valuable but it's not used for everyday transactions.
I've seen people describing LiteCoin and Etherium as digital "silver" if BTC is the digital gold.
But silver isn't used in everyday transactions either.
Is there a cryptocurrency out there that has what it takes to become the "digital dollar"? A cryptocurrency suitable for everyday transactions...
What makes it/them suitable?
IMHO the concept is a bit awkward.
The Dollar (and any other Fiat currency out there) is constantly being diluted with freshly printed Fiat, and that is the exact opposite of what we want from a cryptocurrency.
But if a currency only has a fixed amount of units, it'll be in a perpetual deflationary state, that's not necessarily a positive thing either.
When do bitcoin gained the title of being a digital gold? I cant really think of that this thing can be considered knowing that gold do have somehow a strong price it not too volatile unlike on bitcoin. If we are talking about US digital dollar then the thing comes to my mind if USDT and next is DigiByte. Seeing on peoples choices here we do have different views on this one. |
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What is happening in crypto world? Why all the coins prices are dropping? Screenshot from polo  Also checked at coinmarketcap... First page is full of red.. Is there anything unexpected going on? Its quiet surprising for a Hero member do ask this thing when it comes to trading matter. Prices do really drops which is normal on cryptoworld we do see most reds and later on we do see mostly on green.Its just on alternate position no matter what would be the reason is since they are all volatile depending on the activity of its users and as of now i cant see any news related on going red on most coins. |
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Just as expected on the field of trading there is no win-win situation here. If theres someone who make profits then its equal that there is one who are losing money too which means its all equal thats why its called trading on which do sellers and buyers doing a tug-of-war. Getting big amounts on trading is really possible but depending on your skills and knowledge on making good trades and it isnt really easy to learn that skill and it does really require much time in able to master it and the thing that make it hard for traders is the unpredictable market which is always a challenge for us.
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I randomly bought a RX 470 4gb for gaming last year, and recently found out its been heavily used for mining.
I took an interest in altcoin trading and just all around learning about BTC/Cryptocurrencies a while back but never got into mining.
Was wondering if I can setup to start mining (even if for low profit) with just my normal PC/GPU and slowly work my way into more GPU's.
I might even be able to straight up buy another one with money I had saving for a better gaming pc anyways.
Its better to use that GPU solely on gaming because if you decide to mine using that then expect you wont able to run your gaming pc because it will surely hang up when you use it unless if you have a spare gpu and also its possible to start on just gpu but it would be a waste of time because the amount to gain isnt really worth on your gpu cost and together with electricity cost. |
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why not invest my money in ICO?
I already of then invest in ico and that very profitable. i like it
Don't get mistaken and extrapolate from this time period to the future. Currently, almost all tokens are profitable, call it a bubble or not but it won't last forever... A lots of ICOs are profitable. But the OP advice is good for 1 reason: 1. you invest in a profitable ICO (money+) 2. you invest in a profitable ICO (money++) 3. you invest in a profitable ICO (money+++) 4. you invest in a scam (money zero) Investing is okay, but just don't fall in a mania that will make you lost everything. The most common reason why do people tend to hop on ICO is on making money and theres only 1 reason why we do such thing but we should be keen on selecting knowing that there are lots of ico's out there we wont know whos legit or not and if you are a wise investor you will eventually identify which do have the potential or not. I usually checked first their whitepaper,roadmap developer transparency and lots of other stuffs needed to be known before putting money into them. |
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Limitation on gambling is everything for which you would able to avoid unexpected bad things to happen ahead on playing gambling and we should strictly implement of follow this rules into ourselves so that we would lessen the risk on getting addicted to gambling because once addiction would overcome yourself its really hard to get out and you will surely suffer the consequences ahead.
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Interesting Idea for a new casino bitcoin game. but i was expecting some action as the time says duel, but when i try its just a five circles and players needs to have more reds than the house/player. but everything is smooth but the gameplay is too slow.
I too just tried a game with faucet money and can't get any other people to play with them so after few minutes switch to play with house and seed created almost instant but it shows the results, it takes few seconds to display those five colour circles. I think they need to make this part bit faster because many people don't want to wait so long to see the results. The different idea and looks good. You would really need to wait for someone to join and if theres no other players then expect no one would able to duel with you. I havent tried to play the site but the way you mentioned about showing hash results do takes time isnt really good at all and as you said players dont really like to wait specially on this kind of fast paced games and as mentioned this ann thread is way too simple. |
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Username: stomachgrowls Rank: Sr. Member Current number of posts: 939+1 Bitcoin Address: 1Myvs6ALdFP2n3172nYYkNJMBhZY31tWNU Giving again a shot to join on the campaign...Willing to accept full member payment Change signature once accepted  |
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I have been buying bitcoin when the price was around 400$-450$.Most of my bitcoins are bought at that price around 40 BTC and remaining at less then 600$ price.i have been holding btc in paper wallet since then and already my stash in usd is 6 times. here is one of my tx  what i want to know is please suggest some ways to invest my bitcoin at zero risk to earn some profit.Even 0.8% to 1% profit per month is good for me but it should be risk free.i don't mind the profit percentage but risk should not be there.if you have some suggestions please post that too,if i should keep holding for more years and if yes how long should i hold? Theres no risk free on this world when you are pertaining on making investment and lucky for you that you did able to buy cheap coins wayback before which do already give you enourmous profits as of now on the current rate.If i were you if you dont like to risk on investment since that 0% risk doesnt really exist at all and even holding your bitcoin on paper wallet do still have some risk on losing it. |
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Btc price have been slowly recovering now which its price going back again on 2500 area which is good and seeing on the trend of the price when seeing the chart we are on uptrend which means the current price would be the best time to buy even more bitcoin. It cant still be sure because price crash would really happen anytime and thats the risk involve on buying bitcoin. Since its too volatile we cant still be sure.
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