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Author Topic: Naija Novice Hangout {Newbies introduction & Orientation} Thread.  (Read 686742 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (40 posts by 1+ user deleted.)
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March 09, 2021, 09:35:22 AM
Merited by AB de Royse777 (25)
 #641

Nigeria no be country for mining except the miner get another means to generate him personal electricity and security. That go even too dey expensive to maintain. Untill when government need make him improve electricity supply and availability of security personnels, a lot of things go still dey pass us by.
Nigeria has issue of power generation and transmission, check these statistics


https://www.bbc.com/news/amp/technology-56012952

Nigeria is not even among the first 30 countries that generate most electricity in the world while South Africa and Egypt are still among.

Population estimate as of 2019 amount the three Africa countries

Country                 Population Estimate         Power generaion
Nigeria                         200,963,599                     11,165 MW
South Africa                58,558,270                       58,095 MW
Egypt                            100,388,073                     24,700 MW

I do not know how recent this is:
Nigeria has 12,500 MW of installed generation capacity, being largely dependent on hydropower and fossil (gas) thermal power sources; 12.5% and 87.5% respectively. Although it is important to note that currently only 3,500 MW to 5,000 MW is typically available for onward transmission to the final consumer.

See how too African countries have low power generation, while Nigeria that has the highest population generates lowest among the three and not seen in the list of first 30 in the world.

That is a shame on Nigerian government as corrupt as they could be. But there are still some towns that have good electricity supply in Nigeria because electricity is not even/equally distributed in which those towns can favour mining.

Any miner dey dis country self I doubt, me don reason am tayahh if by God grace I mistakenly get my hands on mining equipment e don be for all miners for oyibo oh. The electric something no go be problem, we go go illegal although for this side na indigene something nobody go reason you. Where problem fit dey na to learn am but we go still run am, abi no be just computer pressing something lol.
I think learning it is not that hard, but I think the problem na because Naija no know much about the mining aspect, and because no miners manufacturing in Nigeria that can bring exposure and easily making people go into thinking about mining. If having good electricity, I too go with your idea.

Wetin be bitcoin problem self, e no wan fall small make we use our useless naira wey dey bank buy, e dey pain me ehh. Now e dey $50k plus. E no dey even carry e brothers along well, e just dey show dem small small love no major rubbers.
E go dey hard for bitcoin to decrease. Recently (like almost two weeks or a week ago now) was a report about exchanges bitcoin volume decreasing and whales moving bitcoin to wallet, recently was a report the volume of exchanges decreased by 20% in 12 months
https://cointelegraph.com/news/the-number-of-btc-held-on-exchanges-crashed-20-in-12-months/amp

One of the biggest trends in recent months has seen Bitcoin flow out of exchanges into wallets. Generally, this is interpreted as a bullish sign — indicating that investors are optimistic about further growth in cryptocurrency prices.

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March 09, 2021, 11:22:18 AM
 #642

Any miner dey dis country self I doubt, me don reason am tayahh if by God grace I mistakenly get my hands on mining equipment e don be for all miners for oyibo oh. The electric something no go be problem, we go go illegal although for this side na indigene something nobody go reason you. Where problem fit dey na to learn am but we go still run am, abi no be just computer pressing something lol.

Wetin be bitcoin problem self, e no wan fall small make we use our useless naira wey dey bank buy, e dey pain me ehh. Now e dey $50k plus. E no dey even carry e brothers along well, e just dey show dem small small love no major rubbers.

Assuming the love been much Ethereum for don blow go far na, anyways other get any coins una eye set for make person do small waka for the coin head see if I fit buy small.

Plenty issues dey but this one be one of the major ones wey dey drag us down currently. Bitcoin no wan dey put body with all these amateur coins dem wey person for fit smile small.
See;
i. Bake
ii. TWT
iii. SFP
All these things suppose put person for track if bitisi allow BNB to follow body, but Baba say No. Tor, we no get options na we just dey buy mumu ones provide liquidity for 1inch aggregator as dem wan do airdrop but the allocation too small  sha.

@Charles-Tim, Baba Which site person fit get the mining machines and how much on estimate using the current Dollar-Naira rate e fit cost person?

R


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Charles-Tim
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March 09, 2021, 02:44:53 PM
Last edit: March 09, 2021, 09:02:57 PM by Charles-Tim
 #643

@Charles-Tim, Baba Which site person fit get the mining machines and how much on estimate using the current Dollar-Naira rate e fit cost person?
I have tested out some sites online to check for mining products, especially ASICs, specifically Bitmain Antminers. I found AliExpress looking more promising, the company is also owned by Alibaba Group which is based in China, I see the company to be one of the best sellers of such miners. You can check the site out, but ASIC are expensive, although the old ones like S9 are not that expensive, but consume more electricity than usual, it can be alternative forgo but I only see the new miners on the site.

You will need to check out the miners yourself on the site in which the hashrate generate are included
https://mbest.aliexpress.com/m/promote.htm

I have also heard that Antminers can be ordered directly from bitmain, but I do not see any product available on their site, you can in this case make use of their customer support for any solution.

Note: I have not ordered for any miners before, also you may like to purchase Graphic cards for altcoins, but for Bitcoin ASIC are better, try out AliExpress.

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March 10, 2021, 02:23:57 PM
 #644

Nigeria no be country for mining except the miner get another means to generate him personal electricity and security. That go even too dey expensive to maintain. Untill when government need make him improve electricity supply and availability of security personnels, a lot of things go still dey pass us by.

Any miner dey dis country self I doubt, me don reason am tayahh if by God grace I mistakenly get my hands on mining equipment e don be for all miners for oyibo oh. The electric something no go be problem, we go go illegal although for this side na indigene something nobody go reason you. Where problem fit dey na to learn am but we go still run am, abi no be just computer pressing something lol.
Nigeria get the lowest electricity bill in the whole world we dey operate 0.07 per kilowatts hour for household so from de economical point of view e dey profitable to set a mining pool in this region. But De issues na be say the light is not steady, it's not reliable

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March 11, 2021, 11:52:29 PM
 #645

if by God grace I mistakenly get my hands on mining equipment e don be for all miners for oyibo oh. The electric something no go be problem, we go go illegal although for this side na indigene something nobody go reason you. Where problem fit dey na to learn am but we go still run am, abi no be just computer pressing something lol.
Na still this country go fight you indirectly. With the fact say, Mining require light wella and we know say, na Nepa light be the best if e for steady and the bill dey affordable o but, we naija no be like that for the light way. Na there you gat turn your own Nepa o and even as e be like that eh and with all the bitcoin catacata way dey the country, na once government go carry you do office o. Na to use you do side hustle fir government. Make you dey fund federal government wallet privately...

But then, e fir sure o, say one miner from here kwa.



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March 12, 2021, 02:47:29 PM
Merited by CryptopreneurBrainboss (1)
 #646

Lol. Nobody fit advice this government to encourage anything that would aid the wellbeing of her citizens, just take a look at the regulation placed on crypto exchanges and banks. Omo, if person set mining equipments/firm for 9ja government go off him light I swear make we no use keyboards dey deceive ourselves. Mining no go work for 9ja.

R


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March 12, 2021, 11:16:58 PM
 #647

Nigeria get the lowest electricity bill in the whole world we dey operate 0.07 per kilowatts hour for household so from de economical point of view e dey profitable to set a mining pool in this region. But De issues na be say the light is not steady, it's not reliable

Ya. The fact say na we get the lowest electricity bills no really mean much since the light sef, you go hardly see am. That's why e just be like say our bills high coz you go just dey reason say you dey pay bills for services you no receive.

Lol. Nobody fit advice this government to encourage anything that would aid the wellbeing of her citizens, just take a look at the regulation placed on crypto exchanges and banks. Omo, if person set mining equipments/firm for 9ja government go off him light I swear make we no use keyboards dey deceive ourselves. Mining no go work for 9ja.

Omo there's no need to still dey hope on this government especially since all government know na to dey concerned about anything wey go only benefit them. Mining for work for this country but government make the simple process turn into an overly complicated one. Mining fit still work but e go involve putting together many missing pieces.

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March 13, 2021, 09:31:52 AM
 #648

Lol. Nobody fit advice this government to encourage anything that would aid the wellbeing of her citizens, just take a look at the regulation placed on crypto exchanges and banks. Omo, if person set mining equipments/firm for 9ja government go off him light I swear make we no use keyboards dey deceive ourselves. Mining no go work for 9ja.

No be lie oh, I no believe mining go fit work self, the challenges much. First you go need government approval so you fit get constant light on a low budget because if you wan run am yourself e go be for your head, dem go use bill kill you. You know say even the oyibo miners self dem no dey too profit like that immediately unless bitcoin just provoke run dey go up and e be say dem been dey hold the previous coins dem mine.

Make we just leave the mining matter as na dead end. If the OG's wey dey the game for nigeria never reason am, e must get why maybe dem don waka for am see say no way that side oh. If you noticed all of dem go trading and promotion like ambassador can of thing for projects wey relate to the industry. If you think say mining fit work for nigeria, air you own opinion, convince us wella.

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March 13, 2021, 12:29:22 PM
 #649

Lol. Nobody fit advice this government to encourage anything that would aid the wellbeing of her citizens, just take a look at the regulation placed on crypto exchanges and banks. Omo, if person set mining equipments/firm for 9ja government go off him light I swear make we no use keyboards dey deceive ourselves. Mining no go work for 9ja.

No be lie oh, I no believe mining go fit work self, the challenges much. First you go need government approval so you fit get constant light on a low budget because if you wan run am yourself e go be for your head, dem go use bill kill you. You know say even the oyibo miners self dem no dey too profit like that immediately unless bitcoin just provoke run dey go up and e be say dem been dey hold the previous coins dem mine.

Make we just leave the mining matter as na dead end. If the OG's wey dey the game for nigeria never reason am, e must get why maybe dem don waka for am see say no way that side oh. If you noticed all of dem go trading and promotion like ambassador can of thing for projects wey relate to the industry. If you think say mining fit work for nigeria, air you own opinion, convince us wella.
I thank God say you sef dey reason the same way with me; if e truly go work, I believe many Nigerians go done dey do am. See other sectors sef wey no need power supply and much government approvals sef still dey suffer to blossom, talk more of mining wey involve plenty electricity consumptions.
Setting the firm up as a sole proprietorship go still hard you. Reasons plenty for ground, people for your backyard fit dey do amebo give government. Government too no come dey friendly with the crypto industry. The only thing wey go work properly na to find small money enter countries within Africa wey no too dey harsh to crypto with their policies and then get better electricity supply and crime rate low for there.


Person no need dey Nigeria to survive by all means, you fit dey anywhere dey make your money and our people talk say Anywhere you find peace, try make am your home
Na my own two cent be this, in case anybody dey plan set up the firm reason all these points wey just join together first.

Baba, you see as BTC dey fly dey go Baba dey para gan.

R


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March 14, 2021, 06:46:14 AM
 #650

Baba, you see as BTC dey fly dey go Baba dey para gan.

Wida dat manchi na, e just dey do do, btc own don too much self even me, I dey fear as if e fall now eh, all alts go bleed and me I dey trap for alts oh. Na this institutional investors oh dem dey play with the market, make una dey cautious oh, if you no get stop loss better put am because when the bloodbath go occur e go bloody die.

Within be ethereum problem self, e no dey see wetin e brother dey do. Ethereum just dey vexs me, I go soon sell dem off if e mumu for another one week. Anybody dey ride the NFT wave belike another Defi kind of madness they load for NFT.

Me self I never enta the market sha, I just dey observe how e go be so I pick some bag of NFT tokens soon.

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March 14, 2021, 06:56:15 AM
 #651

Me self I never enta the market sha, I just dey observe how e go be so I pick some bag of NFT tokens soon.
Funds no too dey my hand na this paint be talking the town now.
https://www.coingecko.com/en/coins/murall
NFT tokens just dey para gan. You fit still stock am up sha. E get plenty many potentials to deliver.

R


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March 14, 2021, 08:14:47 AM
 #652

<...>
MurAll (PAINT) at $0.00399200 in your link above, having a marketcap of $38,384,559, also having a circulatory supply. This makes me think NFT can also work on trading the way normal coins are working, which means I can buy NFT or sell for trading purpose in which the price may increase or decrease depending on demand and supply?

Christie's sell an NFT by digital artist Beeple for $69m recently, this sound like those Mona Lisa painted by though non fungible, this kind of NFT are not for such trading purpose like MurAll (PAINT) because it is bought by only one person?

Which best article can I know the A-Z of NFT? Never mind my question if not correct, I do not know much about NFT.

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March 14, 2021, 11:45:09 AM
 #653

When ppm come the Niaja, I think say na for light to dey as person want o, like something way be say, you go just switch off and on depending on when you want the light to dey shine the deck but e con be say, na only for you to keep track with bill. Naija light matter cast no be lie.Aside say government na the greatest reason why this mining matter no fit work for we naija, the light matter eh, e be like person fit fine way to subsidise am o. Make we check am na, how banks dey use keep there ATM working 24/7. With subscribed solar to some companies way dey light them up. Though, them dey switch between the solar and gen sometimes shah.

Watin I no know be say, if e go dey economical when e be about mining for naija abi another thing way go sick money follow kwa.



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March 14, 2021, 06:00:14 PM
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Top 10 Posters abeg if you no see your name put more effort.


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CryptocurencyKing
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March 14, 2021, 08:58:36 PM
 #655

<>
No be play o, statistics like this come board for the forum and I no merit am o,,, no be merit as merit via forum o, I dey imply as to make or enter the list, anyhow you understand am.
E go well shah, at least from here, people way believe in the struggle of the forum like mua go buckle up.
Na when every body put body dey dey talk-talk for this our small corner go make this our corner stand. Una way make the list dey actually try and Brainboss don dey active in switching topics now. So, talk no for dey finish for person mouth for just one topic.
No wahala, make we dey see how e go be.

I salute una my people and congrats to people way make the list.
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March 15, 2021, 08:20:48 AM
Last edit: March 15, 2021, 08:38:24 AM by Josefjix
Merited by Charles-Tim (1)
 #656

<...>
MurAll (PAINT) at $0.00399200 in your link above, having a marketcap of $38,384,559, also having a circulatory supply. This makes me think NFT can also work on trading the way normal coins are working, which means I can buy NFT or sell for trading purpose in which the price may increase or decrease depending on demand and supply?

Christie's sell an NFT by digital artist Beeple for $69m recently, this sound like those Mona Lisa painted by though non fungible, this kind of NFT are not for such trading purpose like MurAll (PAINT) because it is bought by only one person?

Which best article can I know the A-Z of NFT? Never mind my question if not correct, I do not know much about NFT.
Be like NFT be like those Picasso arts and drawings. NFT na their virtual representatives. See how much CZ Binance sold one of his tweets as he converter it to NFT. I never really study the industry but it is likely  going to be the next biggest industry in the crypo sphere. The era of Defi is fast fading off.

1.What are NFTs? How to mint an NFT? Why are NFTs valuable? - Starting guide to NFTs
2. What are NFTs? How to mint an NFT? Why are NFTs valuable? - Starting guide to NFTs



3. Your guide to non-fungible tokens:
Some NFT site links;
i. https://www.nbatopshot.com
ii. https://www.viv3.com
iii. https://link.medium.com/eJClXeYUveb
iv. https://youtu.be/Xdkkux6OxfM


R


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Charles-Tim
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March 15, 2021, 08:50:57 AM
 #657

<...>
I know NFT are non fungible (virtual) like digital paintings. But what makes me confused is that, for example, MurAll (PAINT) at $0.00399200, how is it sold? NFT owners owns a token to prove the authenticity of the artwork, in this regard, will you be the only one that will buy MurAll (PAINT), or others will buy it and use it to trade?

Let me make it more understandable. Assuming I bought $6 million worth of NFT and I have the token with me which proves me to be the right owner, can I list it on exchanges so that people can trade it like bitcoin and other crypto assets like ethereum and litecoin?

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March 15, 2021, 09:59:18 PM
 #658

Top 10 Posters abeg if you no see your name put more effort.


Omo I no know about others but I feel really good to see say my name follow for we community thread. Anyway, you too much for the update. It just put a smile on my face.


~Snipped
Assuming I bought $6 million worth of NFT and I have the token with me which proves me to be the right owner, can I list it on exchanges so that people can trade it like bitcoin and other crypto assets like ethereum and litecoin?

I don't know much about NFTs but from the little I know,  you can't list them like other crypto asset classes. Instead, you can place them for sale on NFT marketplaces like OpenSea and others.


@Josefix you try to drop that NFTs update. I go take time read through am. Hopefully it's not too late to join the trend.

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March 16, 2021, 08:48:26 AM
 #659

Yes ooo as the matter dey hot 9ja youths have celebrated  our two Afro bits music stars in person of Oluwa burna and star boy WizKids as they both hustled hard and brought home the Grammy awards, this one sweet our belle wella even we presido Buhari congratulate them who say hard work no dey pay?
How far about Npower matter all hustle na hustle oooo hope una don do the test goodluck: drop your reply back to back.
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March 16, 2021, 10:12:37 AM
Last edit: March 16, 2021, 10:25:16 AM by Charles-Tim
 #660

How far about Npower matter all hustle na hustle oooo hope una don do the test goodluck: drop your reply back to back.
I no know the latest about N-power, na when you post now I go check about it. I wan make the information about the latest one which na the Batch C clear. I check ham for BBC.



Di Minister of Humanitarian Affairs, madam Sadiya Farouq give dis informate during di process of recruiting and posting of di 500,000 Npower Batch C beneficiaries.

Di N-power scheme dey created for unemployed graduates and non-graduates wey dey di ages of 18 and 35. Di programme na for only two year, during dis time, goment go attach di beneficiaries to any goment job for di state dem dey stay and dem dey pay dem 30,000 thousand naira every month.

N-power get six categories; N-Teach, N-Health, N-Agro, N-Build, N-Creative and N-Tech. N-Teach and N-Health na only for graduates wey don complete di compulsory one year NYSC programme while N-Agro, N-Build, N-Creative and N-Tech dey available to graduates and non-graduates. E get 3 batches, A, B, and C.

Di programme start for 2016. Goment for 2019 say dem don spend about N279bn and about 800,000 young Nigerians don benefit from di scheme.

For 2016, 200,000 beneficiaries na im dey di Batch A and dem spend 43 months instead of di 24 months wey dem suppose dey engaged. For 2018, di goment engage 300,000 beneficiaries for Batch B and wen e reach time for dem to comot for 2020, small drama bin play out as some of di beneficiaries claim say goment still dey owe dem money.

Di latest Batch C na 500,000 beneficiaries.

Reactions, criticisms of di N-power programme
Plenty hailing and condemnation don follow dis programme since e start for 2016. Some see am as better employment and development strategy, odas say di process no pure and e dey stressful plus di money wey e dey gulp too much as dem fit take am build industries for dis youth to dey permanently employed.

Please, I think this should be read
https://www.bbc.com/pidgin/tori-56365022.amp

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