BTC Warning
- Thread starter Wilson Grant Fisk
- Start date
Billy Batts
BANNED
- Dec 16, 2016
- 5,883
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Cryptohipsters, anyone with half a brain would have known it will never work with hundreds of coins. The BTC is like the EU, the idea was good, the execution horrible.
Wilson Grant Fisk
Elite Member
- Nov 10, 2012
- 15,677
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elavmunretea
I think @elavmunretea did a post on mining, he should be able to give you more details.
D
Deleted member 969102
Guest
Probably the most misleading article ever. You would know, If you read the article they link to as a source.
"Most expensive countries to mine Bitcoin
South Korea — $26,170
Niue — $17,566
Bahrain — $16,773
Solomon Island — $16,209
Cook Islands — $15,861
Least expensive countries to mine Bitcoin
Venezuela — $531
Trinidad and Tobago — $1,190
Uzbekistan — $1,788
Ukraine — $1,852
Myanmar — $1,983"
* Takes most expensive country > Writes article about how it's unprofitable *
Regardless of the fact that the article is terribly misleading, whether it is profitable to start mining NOW has no bearing on the price. Why should people holding BTC be worried that for the average joe it's not as profitable as it used to be?
I mine, and have made my money back many many times within the first year.
I didn't expect a CFO of a company that loses money every time someone uses BTC over their service to have a balanced view, to be honest.
It's like one SEO seller leaving a bad review on another's BST.
Just like how the Bank of England's chief cashier doesn't like contactless payments... go figure.
http://www.dailymail.co.uk/news/art...s-chief-cashier-doesnt-trust-contactless.html
This is almost as stupid as attributing Snapchat losing $1.3bn due to Kylie Jenner.
http://money.cnn.com/2018/02/22/technology/snapchat-update-kylie-jenner/index.html
Dropped before the Tweet.
This change by Google etc. is to make Crypto safer. I don't see why banning ads that were often scams is something to be worried about.
Can't see that article.
I give as much reasoning behind my points as I can. I'm not afraid to criticize crypto when it's shitty, which is often.
I don't however, just link to whatever articles come up first on Google.
https://www.blackhatworld.com/seo/b...-with-mass-adoption-is-it-in-a-bubble.991544/
No. I looked into this.
My rigs use 1000-1500w and cost around £3k. I've pretty much 5-10x'd as I got in at a good time, mined Verge and a few other coins etc, but without that and with a "meh" BTC price they would have broken even in ~150 days.
If you built one now, without electricity costs, you're looking at closer to a year.
Then you have the fact that hardware stays profitable for 1-2 years.
Dropping 30k (Remember, you need 1kw minimum 24/7 not just daylight hours per rig) for the sake of "free power" isn't worth it.
I have seen some people with solar panels already in mining with hybrid farms though (solar in the day, normal electric at night)
fasttrak
Elite Member
- Sep 12, 2016
- 3,514
- 3,988
Well said that man. I would have thought the US Congress' first subcommittee hearings on ICOs yesterday would have got more attention and at least been a little more credible than some of these stories, but hey ho.
The House of Representatives Financial Services Committee began a session on “Examining Cryptocurrencies and ICO Markets” at 10 AM yesterday that was streamed https://financialservices.house.gov...al&utm_source=twitter.com&utm_campaign=buffer.
Some of the witness quotes made me chuckle.
SwiffJustus
Power Member
- Feb 22, 2013
- 545
- 353
Yes, when it comes to that they act as if the have a BIT of zombie in them... Just to coin a phrase. Or maybe not, I mean the coining of phrase thing, not sure about that but I am pretty sure about the Zombie reference tho
drogon
Elite Member
- May 28, 2010
- 2,812
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Also strange that @Asif WILSON Khan only posts negative articles and threads about BTC and does not consider positive ones. Still waiting for that ONE positive BTC article / thread from you!!
Unreliable Witness
Senior Member
- Apr 21, 2016
- 837
- 627
Like the one about how BTC gives hope to young burger flippers that a $10 "investment" will buy a life of fast cars and fast women?
Sorry, the story relates to investment experts, not burger flippers. My bad.
Last edited by a moderator:
Wilson Grant Fisk
Elite Member
- Nov 10, 2012
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Not true at all, I have stated many times that I am interested in Cryptos and that I hope BTC succeeds.
Not really any positivity in a Ponzi scheme.
- May 2, 2010
- 9,939
- 16,037
Quite a few articles from google are quoting this death cross, it might be an opportunity, but if there is one thing we know about bitcoin is that
opinion is split down the middle, so it could quite easily be nothing, bitcoin seems to sort of stabilized a bit, I haven't really heard an answer to the question
of what we will do once its all mined, and people still want to buy their underground vitamins and minerals.
opinion is split down the middle, so it could quite easily be nothing, bitcoin seems to sort of stabilized a bit, I haven't really heard an answer to the question
of what we will do once its all mined, and people still want to buy their underground vitamins and minerals.
jazzc
Elite Member
- Jan 27, 2009
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And what exactly in your opinion is going to be the problem once it's all mined?
Wilson Grant Fisk
Elite Member
- Nov 10, 2012
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... and just because I hope something succeeds doen't mean it will, especially if you can see the potential pitfalls. Unlike the over optimistic traders floating around this section who can't bear the thought they might be wrong.
I picked up the stories from here: http://bitcointicker.co/news/
jazzc
Elite Member
- Jan 27, 2009
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4 attempts in this thread so far and no one's biting. Are you losing your edge?
Wilson Grant Fisk
Elite Member
- Nov 10, 2012
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I had hoped this thread would be more entertaining and @BOB JAMES the Crypto Investment Expert might weigh in with his opinions!
