Going to buy a lot if ether goes down to 0.005. I believe it in long term.
0.005 is about $2. If the price can hold there for a few months and consolidate, it is good for the future rise.
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BoardOff-topic
Re: Earning a living with bitcoin?
by
Blue_Panda73
on 18/02/2016, 08:26:24 UTC
I think the market for bitcon related business is too small. Not many retailers accept bitcoin. If they can pay suppliers with bitcoin, it will be good for earning bitcoin.
With the exception of the early years, mining has always been like that. In fact, even in the early years it was like that as well as bitcoin was only worth a few cents. The people who made money just happened to be in the right place at the right time (they had a lot of BTC early when it shot up), because even when bitcoin started to creep up in value, so did the miners.
But for the past few years, mining is always chasing the tail end of the race. Big companies develop new hardware, mine with them a few months, then once they made profit, sell it off to consumers as the latest and greatest. Antminer S8's are probably pumping away right now in private, and in a month or two will be announced as new and sold off to the public once the S9's are working in private. Rinse, repeat, but in the end the small miner ends up getting the shaft as they barely eek out the cost of their investment. Sure, low electricity can help, but even there it is only minimal.
Larger gains could have been made by simply buying BTC last August at or slightly under $200. A $4,000 investment (@ $200/BTC) would have netted 20 BTC. Now 6 months later you would have doubled your money ($8,000). I don't think a $4,000 investment in the S7's back in August September would have made the same returns.
I think so. The mining business is very difficult for home miners now. Your new miner will only have usable life a 6 months or less.
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BoardAnnouncements (Altcoins)
Re: [ANN] Expanse (EXP) - Fair Launch, No ICO, Community DAO, based on Ethereum
Bitcoin in itself is safe. What makes it insecure is the way the user holds it and uses it. The protocol can be attacked in some ways (just like that annoying malleability attack) but on wallets, I think it's the user's fault and not bitcoin.
It is the vulnability of the computer systems, not the Bitcoin itself. If you download a virus, it will control your computer.
The bitcoin it self is very safe for sure, but if you look at online wallets is less much safe this is because online wallets can be hacked. You can create a paper wallet or use a wallet from the blockchain and make sure you will use multiple wallets.
Online wallets or exchanges of bitcoin is not very safe. Somebody in the service can steal the coins from you.
For now i earn a lot of free bitcoins fast from gambling. It's like around 5 days i gambling and i got profit 0.2++ bitcoin. and i hope i can reach my target 1 bitcoin.
You are very lucky in gambling. I hope you can achieve your target of 1 bitcoin soon. When you get that 1 bitcoin, can you report back?
In some countries the money that a Hero member earns from posting monthly on this forum can be a lot of money, enough for the basic living. It will depend on witch country do you live, and what services you think that are basic for your level of live.
A hero member can get 0.4$ per post. If he posts 200 per month, he can earn $80 per months. But the quality could be low.
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BoardMining (Altcoins)
Re: I am looking for a GPU miner for Quark algo Coins
by
Blue_Panda73
on 15/02/2016, 08:22:23 UTC
You can rent the hashing from NiceHash or other renting sites. It is much safer for the person who rent you the mining power.
To make a living with bitcoins isn't impossible. You just need to hold the right amount and have a good idea.
Yeah, let bitcoin be a passive income, and keep on earning at a moment, if you collect more bitcoins at a moment that would be more useful and profitable in future.
Yeah, earn more then spent less today and everything else would be a preparation for the future,,,its good when we keep our coins moving in investments instead of spending it..
I mine bitcoin. I save most of the coin and use some of that to cover my mining cost. I believe the future of bitcoin.