Pakistan

[saif313]

Guys please note that mining depends on which coin you are going to mine. Nawazish does not like BTC. He mines some alt coin. So what he writes about is his experience with that alt coin.

Mining bitcoins with GPUs is not profitable. Mining with ASICs is very profitable. ASICs are not available in Pakistan and you have to buy them from this forum or get them from China. Note I am not a miner. I have just shared what I learned from this forum. Please do your own research before spending any money on this.

I wonder whether there are any other resident Pakistanis on this board? So far I haven't encountered any but according to bitnodes there a few bitcoin users in Pakistan and I know of at least one miner.

Anyway let's see if any show up  

This was mine so how you take this I am very confused about this

I created a thread in this forum. You or someone else created another thread about Pakistan. The mods merged the two threads together and I guess because my thread came first it got the first post.

what is mining and how can we do this is this very profitable and can any person do this if yes then please reply me i am waiting thanks

[nawazish1]

Guys please note that mining depends on which coin you are going to mine. Nawazish does not like BTC. He mines some alt coin. So what he writes about is his experience with that alt coin.

Mining bitcoins with GPUs is not profitable. Mining with ASICs is very profitable. ASICs are not available in Pakistan and you have to buy them from this forum or get them from China. Note I am not a miner. I have just shared what I learned from this forum. Please do your own research before spending any money on this.

I wonder whether there are any other resident Pakistanis on this board? So far I haven't encountered any but according to bitnodes there a few bitcoin users in Pakistan and I know of at least one miner.

Anyway let's see if any show up  

This was mine so how you take this I am very confused about this

I created a thread in this forum. You or someone else created another thread about Pakistan. The mods merged the two threads together and I guess because my thread came first it got the first post.

what is mining and how can we do this is this very profitable and can any person do this if yes then please reply me i am waiting thanks

Read pages 1 and 2  of this thread I have replied to faiza for the same question.

[saif313]

few days back something happen here but now suddenly again too much silent why can we have some good and positive discussion for better things happen to us

[nawazish1]

few days back something happen here but now suddenly again too much silent why can we have some good and positive discussion for better things happen to us

I am always ready to have a positive talk. But am quite busy now a days with my coin and also got a job
+ Passed the IELTS test with 7 bands trying for a Visa.lol

[saif313]

thanks for at least reply I want to ask I am doing here work for my signature and posts is this ok and can I do any other work with this also for increasing income I am jobless for last 2 years and now have access to this site few days back

[nawazish1]

thanks for at least reply I want to ask I am doing here work for my signature and posts is this ok and can I do any other work with this also for increasing income I am jobless for last 2 years and now have access to this site few days back

To be honest this signature work can't earn you much money. You will hardly get 2500 Rs per month. And will need to post like hell. The one and only way is to start mining alt with your CPU. You can still do your signature work besides that. And keep this in mind that you need to keep the coins for long term. You can't earn much by CPU mining.

[saif313]

as the electercity crisis going here can we do this if yes then how and what is total cost of this mining and all things available in pakistan for this mining

[nawazish1]

as the electercity crisis going here can we do this if yes then how and what is total cost of this mining and all things available in pakistan for this mining

Electricity is a big problem but I still started it and am keeping the coins as an investment. Read this post for estimation of price https://bitcointalk.org/index.php?topic=232519.msg2930947#msg2930947

[balanghai]

How's the bitcoin regulations there? Is it legal?

[saif313]

as the electercity crisis going here can we do this if yes then how and what is total cost of this mining and all things available in pakistan for this mining

Electricity is a big problem but I still started it and am keeping the coins as an investment. Read this post for estimation of price https://bitcointalk.org/index.php?topic=232519.msg2930947#msg2930947

thanks I understand first step and now as I have these things all then I send you message for second phase of softwares and now try to send you message here daily for intouch and more posts its good and fun have a good time

[nawazish1]

as the electercity crisis going here can we do this if yes then how and what is total cost of this mining and all things available in pakistan for this mining

Electricity is a big problem but I still started it and am keeping the coins as an investment. Read this post for estimation of price https://bitcointalk.org/index.php?topic=232519.msg2930947#msg2930947

thanks I understand first step and now as I have these things all then I send you message for second phase of softwares and now try to send you message here daily for intouch and more posts its good and fun have a good time

I want to share a great thing I learnt in this Hostile Forum. "Only invest what you can afford to loose".

[faiza1990]

short sentence big message

[saif313]

short sentence big message

agree         

[nawazish1]

Good luck to you guys. May God help you to get in on time. There are some serious regulation coming toward this cryptocoins world. And I can see many coins dying because of legality issue. Hope you find the best coin. BTC And LTC can definitely survive this attack of FEDs. But they can no longer give the new comers a benefit.

[saif313]

Good luck to you guys. May God help you to get in on time. There are some serious regulation coming toward this cryptocoins world. And I can see many coins dying because of legality issue. Hope you find the best coin. BTC And LTC can definitely survive this attack of FEDs. But they can no longer give the new comers a benefit.

what regulation coming in this feild ??

[nawazish1]

Good luck to you guys. May God help you to get in on time. There are some serious regulation coming toward this cryptocoins world. And I can see many coins dying because of legality issue. Hope you find the best coin. BTC And LTC can definitely survive this attack of FEDs. But they can no longer give the new comers a benefit.

what regulation coming in this feild ??

Read this.

http://www.forbes.com/sites/kashmirhill/2013/08/12/every-important-person-in-bitcoin-just-got-subpoenaed-by-new-yorks-financial-regulator/

[rampantparanoia]

The coins will live on, the exchanges would be shut down. No matter how much regulation comes into play, there will always be a black market for coins. The issue would be how to cash out.

More than likely, BTC & other cryptocoins, if outlawed by the FED, will trade in F2F transactions instead of online exchanges. Would make it harder to get coins, but also that much more valuable.

If you're using a web based wallet when the hammer drops... watch out.

[nawazish1]

The coins will live on, the exchanges would be shut down. No matter how much regulation comes into play, there will always be a black market for coins. The issue would be how to cash out.

More than likely, BTC & other cryptocoins, if outlawed by the FED, will trade in F2F transactions instead of online exchanges. Would make it harder to get coins, but also that much more valuable.

If you're using a web based wallet when the hammer drops... watch out.

Agreed. But still some Exchanges can live. And I know them. But can't share.

[saif313]

The coins will live on, the exchanges would be shut down. No matter how much regulation comes into play, there will always be a black market for coins. The issue would be how to cash out.

More than likely, BTC & other cryptocoins, if outlawed by the FED, will trade in F2F transactions instead of online exchanges. Would make it harder to get coins, but also that much more valuable.

If you're using a web based wallet when the hammer drops... watch out.

Agreed. But still some Exchanges can live. And I know them. But can't share.

I want to ask is mining in winter more profitable then in summer because of less use of electercity ??

[nawazish1]

The coins will live on, the exchanges would be shut down. No matter how much regulation comes into play, there will always be a black market for coins. The issue would be how to cash out.

More than likely, BTC & other cryptocoins, if outlawed by the FED, will trade in F2F transactions instead of online exchanges. Would make it harder to get coins, but also that much more valuable.

If you're using a web based wallet when the hammer drops... watch out.

Agreed. But still some Exchanges can live. And I know them. But can't share.

I want to ask is mining in winter more profitable then in summer because of less use of electercity ??

This only applies to the people who have huge mining farms or at least have 6-7 rigs in a room. And it is about heat not the electricity. You can't run the GPU on its extreme in summers because of heating.