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Author Topic: Become a miner for FREE  (Read 150 times)
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High fees = low BTC price


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November 25, 2018, 08:27:51 PM
 #1

Yes that's right lads as mining rigs are being cached in for scrap metal

https://www.ccn.com/bitcoin-miners-are-selling-old-asics-for-scrap-metal-as-price-decline-hastens-obsolescence/

Quote
"Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence"

To some observers, the video and images demonstrated that crypto miners — even those located in China, where low energy rates provide greater profit margins — were beginning to feel the pinch from bitcoin’s prolonged bear market. If miners were dumping ASICs on the street, it not only meant that the bitcoin price had reached their “shutdown-mark,” the point at which miners can no longer turn a profit running the machines, but also that they didn’t think these devices would ever be profitable again.



Well OK you need to move to China to get the cheap energy to run this CPU war machines that do little more than waste CPU power doing useless hashing in a race
but they make good space heaters when it's cold

if mining is not for you then you could always open an online bank and charge not only transaction fees (must be lower than the $55 per transaction fee record set by Bitcoin) and also charge interest on Bitcoins needed to keep the Chanel open if you join the Bitcoin lightning network and call yourself a hub, not a bank, we hate that name.

Now on the other hand if your so called wealth has taken a dip and you want to preserve some profit then needless to say you know what to do by now since the writting
is already on the wall as you can see.

Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
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High fees = low BTC price


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November 25, 2018, 08:59:20 PM
 #2

Wow posts from hours ago with no more comments float back to the top of the forum but this one seems to have a lead weight on it.

Now being a financial advise I advise people to dump gold, buy lead because this place is using the place by the ton load !


Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
novikov433
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November 25, 2018, 09:14:49 PM
 #3

started with pocket miners, finished on an industrial scale) blue film + 1 luck)
troy.gold
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November 25, 2018, 09:59:18 PM
 #4

The majority of these are old miners which are now being scrapped, even when Bitcoin was close to its ATH, some of these miners weren't profitable then.
HabBear
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November 25, 2018, 10:03:39 PM
 #5

Becoming a miner doesn't actually cost anything. You can join a pool for free. Becoming a miner that makes a profit does cost something. Showing us a pile of busted mining machines doesn't do much to encourage enthusiasm for your message. Good luck to you.
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