So much jive talk!


This is very good news.

It will take about 3 days for it to sink in.

Bitcoin USD $200K maybe within the next 10 days!


Booya!

Buy iBit calls or get real Bitcoin could be a winning strategy

Ancient Astronaut Theorists Agree!

Buy Buy Buy!

Some guy made a Crypto Christmas Tree using a whole bunch of Moonlander 2 USB miners


https://youtu.be/Et3jgHnTjZ8

Here you go - this tells you everything you need to know perhaps?

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FCRvcXVn.gif&t=581&c=x_Jl1lnr9nd-gw

BCC cannot be withdrawn from Hashnest - withdraw button is greyed out. 

Anyone else notice this problem?

PM sent

There are many more factors involved that need to be considered.    I'd say that there is definitely a place for cloud mining, and it can be a win-win situation.


Consider some of these factors - perhaps you have, but maybe not all of them.    There may be other factors I haven't thought about also:

1.  The cloud mining outfit makes some of it's profit through maintenance fees.   For example,  what if they pay $0.02/Killowatt and sell it to you for $0.12/Killowatt?   You might consider the $0.12 per Killowatt to be a good rate - depending on where you are located, yet the cloud mining operation is making good money reselling electricity to you.  It's a win-win in this case, and this is what is happening.

2.  It is currently impractical to mine with current hardware for many people.  Noise and limits of electricity supply.   Maybe you can run a few S9's in a garage, but the noise issue makes it very unappealing.

3.  The time lost in the Transportation of mining equipment takes time away from the mining equipment's lifetime.   Time cannot be replaced.   The miner must run 24/7 if possible.

4.  Import duties add to the expense of physically controlling your mining equipment, so again - a "premium" price for cloud hashes can be viewed as a bargain from a different point of view.

5.  Businesses may be able to deduct mining expenses with a physical miner, but there are many complications to think about when you bring businesses into the mining field in general.  It's interesting stuff and not everything is obvious until you get a deeper understanding of the possible finance issues and scenarios.  

6.  By selling cloud hashes, the miner may be hedging on the price of the mined crypto currency.   By selling in fiat vs selling with Bitcoin, every transaction can be a hedge - depending on how you look at it.  

7.   Miners who are also manufacturing or assembling mining hardware have many many more hedges at play.   When is the S10 coming out?   With BCC/BCH maybe another year or two has been bought for existing mining hardware!  How?   Think it through, you might understand why global BTC hash rate dropped the difficulty 500 and some blocks ago from today.  Why and How?   Think it through, it relates to cloud mining and mining in general


If anyone wants to hire me as a consultant, let me know.  

It's a great question, and it should be answered by the developers.

Here is my answer:

The Rich List numbers might come from exchanges (since the coin is primarily handled on exchanges presently).

If you install the wallet and stake your coins, you can see that there are options for "cloaking".   It's not like every transaction has to be "cloaked" - this is how I see it.  

Not a very good answer, I know, but I did think you asked a good question and thought I'd take a crack at it.   Too bad so many things are "half baked" in crypto land.



EDIT - I see someone else answered your question also!  haha - didn't see that.    Anyway - that's a good thing!   

I'd like to say that Bittrex and Hashnest both call Bitcoin Cash "BCC" and NOT "BCH".

So can you explain why you call it BCH and seem to imply that BCC is not Bitcoin Cash?  

I noticed this naming issue and I am puzzled about it.


  

My thoughts are that mining BCC is worthwhile right now and that's where the hashes went to.

I would strike out any offensive text from the invoice and initial it.   

Then I would send the marked up (edited) invoice and ask the vendor to re-issue it and append an update to the invoice number

For example the original invoice was INV #2017101, so ask vendor to re-issue the invoice with the edits as version #2017101b

In this way the companies can both see the business logic flow in the invoice versions. 

The bank would be dealing with INV 2017101b as you request it.   



If you wanted to send a large Bitcoin payment and it makes you nervous, I would suggest that you send about 10% of the total and wait for the first confirmation and then send the second 10% and again, wait for the first confirmation.    Do this a total of 10 times and you will have sent the full payment.    It might take you a day, but that's OK.  This method of sending multiple partial payments arguably minimizes your risk of loss.    It is more clerical work, but that is OK - you get what you want and you reduce the risk of making one big irreversible mistake.


Good Luck!

1pTF5ypCY2Kg9cvEpmM4GsFc51V5x7YR6    Large tips always gratefully accepted

Yes their "shop" is sold out, but you can buy from the "market" link on the website.

Current price is 0.000068 or so.    Multiply by 12500 and that is the same as buying "One S9". from the "shop" - except the price will work out to be something different due to market demand. (and also reflecting the fact that they are presently "sold out" at the shop - so this is the only way you can buy in)

To get your head into it, go buy some tiny quantity and watch it for a few weeks and you'll eventually get up to speed and can figure out what is what.

It's fun to watch and I'd say it is a good hobby.

Risk is the biggest problem in mining whether it be cloud mining or running actual mining hardware in your garage.   Yet people are enticed to mine because of the potential for profit.

You asked a question about the liquidity of a cloud mining investment - check out hashnest.   You can buy or sell your "Giga Hashes per second" (GHs) instantly and withdraw your BTC.

Will they fly the coop and disappear like so many other enterprises?    Who knows.  It seems unlikely for as long as the S9 is profitable to manufacture and sell and run.    Bitmain is probably the best company out there to be financing the design of the next ASIC and next miner - the S10?   I mean, the way I see it, if they can spend 10's of millions of dollars on R&D and production, I don't think they would try to pull off any sort of scams.    Any other company I would be suspicious of, I mean, I remember the days of "Fried Cat" T-shirts.  But I trust Bitmain.   Having said that, yes, anything can happen, it's true.

Ask yourself this:

1.  What is one of the best miners available right now, what company makes that?

2.  Does that company also offer cloud mining?

3.  Check out the maintenance fees of the cloud miner, and compare to what the costs would be for you to buy hardware, ship it, install it, maintain it and pay the electric bill.


Answers here:
1.   S9, Bitmain
2.  Yes - Hashnest
3.  It's at about 20% maintenance fee - try to beat that by ordering the same hardware and running it wherever

Think hard and evaluate every possible aspect of mining and finance etc etc.    If you do that, there are some circumstances in which mining is a no brainer.

That was not so long ago.    I think there is still a lot of good fun to be had doing this.    It's the best thing going that I am aware of.

Aha, found it in Pastbin:

Allow me to play double advocate here for a moment. For all intensive purposes I think you are wrong. In an age where false morals are a diamond dozen, true virtues are a blessing in the skies. We often put our false morality on a petal stool like a bunch of pre-Madonnas, but you all seem to be taking something very valuable for granite. So I ask of you to mustard up all the strength you can because it is a doggy dog world out there. Although there is some merit to what you are saying it seems like you have a huge ship on your shoulder. In your argument you seem to throw everything in but the kids Nsync, and even though you are having a feel day with this I am here to bring you back into reality. I have a sick sense when it comes to these types of things. It is almost spooky, because I cannot turn a blonde eye to these glaring flaws in your rhetoric. I have zero taller ants when it comes to people spouting out hate in the name of moral righteousness. You just need to remember what comes around is all around, and when supply and command fails you will be the first to go.
Make my words, when you get down to brass stacks it doesn't take rocket appliances to get two birds stoned at once. It's clear who makes the pants in this relationship, and sometimes you just have to swallow your prize and accept the facts, instead of making a half-harded effort. You might have to come to this conclusion through denial and error but I swear on my mother's mating name that when you put the petal to the medal you will pass with flying carpets like its a peach of cake.


Still funny though

That is one of the funniest posts I have read in a long while

You guys must all have English degrees!

No.  They all use port 8332 through stratum proxy.

You set each blade to a different IP.

Yes. Stratum Proxy -  It looks like the matrix too. 

Yah, it can be 5 deep.

And most computers (like my various OS X Mac's) have 2 USB ports.

I rig em up on the fly and keep a count of the connections and optimize as you go.