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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 13/01/2022, 14:05:56 UTC
⭐ Merited by JayJuanGee (1)
why not play 2 or 3 or 4 or even 10 dollars a day at a long shot when you earn the safe mining.  and the long shot mine plays way better then the cost. just takes time.

I know it's a rhetorical question, but if anyone cares - variance is the answer to "why not". The 1:3664 chance for the pool to find a block means it would take 10 years on average, but it's not a 100% chance in 10 years. I'm too lazy to calculate now but there's probably like a 10% chance that it won't hit a block in 20 years.

I'm not saying this is a wrong strategy - like you said, compared to casino gambling you have an edge here as long as the cost/difficulty ratio is favorable. It's still a massive gamble though.

I am not a very political person.  Some would say I am lacking principal.  But I will be uninstalling Firefox for sure.  Not sure what that accomplishes.  But I do not want to have ANYTHING to do with supporting the sorts of garbage they seem to be supporting.

If you're not political you should ignore the noise, uninstall Chrome/Edge/etc and support Firefox. Seriously, most of the other browsers are a steaming pile of garbage developed by the largest spyware company in the world.

No it is a low cost high risk high yield investment

a massive  gamble would be playing the 1300th at solo  vs the 15th at solo.

 a lot of people fail to understand the principle of

low cost high risk high yield investment

they think it is a gamble.

there is a huge difference playing

say NY lotto pick it a 10000 to 1 shot that pays  5000 to 1 = gambling don't do this

or a solo pool that is a 10000 to 1 shot  that  pays 30000 to 1   = low cost high risk high yield investment  do this