Hi
So I am going for Antminer S9. Is it a good decission?
it's really depend on your cost of electricity, but for now it's not abad investment the price of bitcoin is very high, your roi should be fast enough, at worst you can sell it after 3 months get back your money |
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i don't get all this alarms about the fee, really you can use bitcoin on purse.io and save up to 23%, which will kill any fee easily
also using bitcoin on expensive item, to purchase them online will make the fee not that relevant
and also bitcoin allow you to evade tax if you buy stuff abroad , because in almost all country bitcoin is not directly taxable for now, that's another huge saving, you can really save a lot with bitcoin
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i don't think that is the case, bitcoin was dumped for another reason(bitmain hard fork, random panic selling?) not because the money went to altcoin, and now they are going back to bitcoin
altcoin are too volatile, it's normal to have them all down and then all up at the same time it happened already some weeks/months go
also ETH did not lose anything, from 0.15 to 0.13, normal market behaviour, other alt are more prone to manipulation
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EWBF, why you don't release the source already?
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there is nothing to know about segwit2x it's just segwit with the weight limit changed, if i'm correct should be from 4MB to 8MB, which i remember was planned in the roadmap of 2016 for 2017 and 2018, but they changed their mind and aimed at pure segwit |
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I really want to know how to do this mining stuff, I have one right now which is prominer. I have read about the feedback about it and it's like fifty percent are positive. If given a chance I would like to invest in mining as long as it will help me earn money and hundred percent legit.
you need to buy a device called asic, this device is plug and play if you have the psu, which you can buy separately, it will earn money for you without doing anything, this is a plus that investors don't realize versus trading where the stress is higher, i prefer mining over trading because of this reason too, but before all this you need to look at your electricity rate the suggestion is to buy a antminer s9, other miners are not competitive, if you want to mine altcoin, the L3+ is a very good deal for litecoin |
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Is your electricity at or below 6 cents per kwh?? Can you set up & maintain ASIC miners?? If you had to buy a PC built for you,then you may get in over your head  you can easily see that at current earning, you can do well with a worse electricity than the usual "5 cent", the margin on roi is very high, with 0.1 cent you are still doing pretty good now also take into account that the value will increase much more in the future, you are also mining for speculation, basically like you do in trading |
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It's hard, I've tried it, and it does not work, most of the exchange will quickly respond to rising and declining bitcoin prices,
uh? exchange don't rise and decline the value that is something that happen because of supply and demand, yes there are manipulation, like with poloniex, or fake volume but it's not somethign that rigged you know, arbitrage like the thread started want, need to be done not manually but with a both, that make around 0.1%-1% +ev moves, each trade there are some example on youtube, some users are selling their both, i didn't try those, but i guess it need at least a try to see if it's working or not |
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even fi you can't afford to have one bitcoin, there will be always possibility for everyone to make big amount of bitcoin, this will remain true in the future
you wanna know why? because of altcoin, with the right decision, if you invest or mine the new coins you get a lot of profit, or if you are lucky enough to invest in that one coin that do 100x, you will be rich anyway
many are making an huge amount of bitcoin in this way, just look carefully for the altcoin with potential, not only the notorious one like ETH Zcash etc...
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At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment
bitcoin will always be considered a risky investment because the value is based on supply and demand, not matter the adoption, all the swings you are seeing today will happen in the future with a better value also but not it's the time to invest to have your seat for the great run that will make you rick, and make your investment worth it in the future, with gold you are only losing possible value |
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the bad thing is that bitmain is saying that they will shift their hashrate to their own shit coin bitcoin clone, so the network will be unsecure with a major hashrate dropping
i hope this is not something that can promote a 51% momentarily, because it would be a disaster, or bitmain itself would do it instead since they would not support bitcoin core anymore
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it's more than possible, bitcoin is already regulated in some country like japan for example and because of this they now accept it as a currency, regulation mean adoption it's a must for bitcoin to become world wide accepted Bitcoin exchanger can be banned but bitcoin users can't be banned. Their wallet are store privately no institution can disable the wallet or suspend it like a bank account. If you have a bank account the bank can suspend or limit your account. A government can also suspend a bank or close the bank due to some reasons. BUt Bitcoin wallet , Who will close it? In case your forget your pv key you may be suspended by yourself.
but disabling exanche may hinder very well the adoption, it would be very hard to sell your coin without any exchange, especially to foreign people |
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what is your electricity rate? this will make the big difference here, if 5 cent then yes, go for antminer s9, you will roi fast and a good profit is awaiting you after that
if it's high better to look at a mining rig in the altcoin section that can be profitable even with 50 cent electricity
i would not suggest to buy over mining ever, especially with current profit, only someone who can not do mining because of other reason like space very very high electricity etc, would do a wise decision by buying instead
At 50 cent electricity, how can ROI be possible? because mining altcoin is very profitable one gpu can deliver up to $200 per month, and consume only $20 with 18 cent, so even with 50 cent you are comparing $60 against 200 it's clear that even at 100 cent you are in profit, but of course it's not recommended to mine with such electricity, would be bad if in the future the profit go down, better to have a margin |
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GPU based rigs tend to be pretty quiet, if you set them up properly.
it depend what gpu and if or not with additional front fant that are loud, especially now in summer, but soem gpu like palit with dual fan and not 3-fan are very quite indeed, other brand like asus are not silent |
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If fees goes down because transactions are falling then it is bad news. Less people using Bitcoin = lower value.
i don't think the usage as to do with the value now, because people are simply buying for hoarding, what make the value stronger are big investors loading their usd wallet into bitcoin common people investing few cent to buy their coffee will not increase the value, while increasing the usage |
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don't go too much overboard with this, just buy 3-5 usb stick and put the wallet.dat there you are done, and use an isolated machien to load your wallet.dat
use a machine only configurated to run the bitcoin client or any other client you want to use, don't browse and don't download anything there, this is the best security you can have
also on exchange don't hold more than 1%, and i usually withdrawal very fast everything
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crypto attract new investors because it's a new territory to be discovered, and investors like to invest in something new that have potential like crypto especially bitcoin and ETH
the value will continue to increase which will bring more increase, i believe crypto is the safest bet now, there is no other better return on any investment out there
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doesn't make sense , the legalization is done by a central authority and will help bitcoin getting more recognized or adopted, people also want to be controlled it seems... Who cares if bitcoin is declared legal or not in your country? I'm not using bitcoins because my government said it's OK I'm using it because I can make my own decisions with my own money.
well if it's not legal you can't use it without trouble, it would hinder adoption, and no one will buy it locally for example, altought you can still use it on the web for purchasing stuff abroad, outside of your country |
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well almost everyone here have 10 rig right? everyone here already roi'ed with his rig, minus newcomers which doesn't matter
i'll make an example, when xcn was at 20 satoshi, with 10 rig you could have mined 1 million a day, instead of buying the same amount for 0.2 btc or $500
i would have paid only 1 day of electricity to mine that 1 million...which is basically free coins
Bad trolling, sorry about that. But your math still sucks. And your example sucks even more and you know that )) Here's the full quote: PS. speaking about 100x, pallas is currently sitting on something very interesting.
XCN? If polo or bittrex list it again, we can se a spike in the price.. nah too old, and it's better to buy price is almost dead, you can buy 1M with 0.08 or less So you didn't buy? )) To be more on topic, how is your xcn hashrate poolside? 1070 should do at least 15-16MH but can you see that on pool? at that time was different, the profit was very bad, the diff was very high and the value lower, but now is't different nitpicking from the past to prove a point in the future is a mistake my example doesn't sucks, there is nothing wrong about what i said, it's better to mine if you have already the gear that roi'ed, buying is utterly stupid in that case |
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