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Showing 20 of 31 results by KSRose-y
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Board Bitcoin Discussion
Re: Historic mistake: Microsoft rejects to add bitcoin to their balance sheet.
by
KSRose-y
on 11/12/2024, 08:42:57 UTC
Fools.

If bitcoin goes down from here maybe they’ll change their decision but I don’t have high hopes. They probably missed their chance. It would have been great if Microsoft also joined the moon train but I guess we’ll have to depend on Elon and Saylor for the moment.

At least Saylor says he’ll never sell and keep buying from every price point. That I call, dedication.

Anyway it is their loss. Lots of people changes their minds in the past. Maybe Microsoft will too.

It's tough to watch when companies like Microsoft seem to miss the potential of bitcoin especially when others like MicroStrategy are seeing huge returns.

It's honestly mind blowing when you think about how much they could potentially gain if they reallocated even a small percentage of their massive reserves into bitcoin
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Board Mining
Re: Why is picking the right miner so hard???
by
KSRose-y
on 11/12/2024, 08:25:39 UTC
There will be the terahash capacity that the miner can be generating and it will be on the miner and the seller will let you know the details. Another one is the electricity it is consuming.

Both the terahash and the electricity are used to calculate how profitable a miner can be for you using the mining profitability calculator which you can get online.

Do not forget electricity usage cost.

A miner might have a high terahash but if its using a lot of power, it can eat up my profits quickly. I use mining profitability calculator like the one on asicprofit and helps me get an idea of how much i could earn after factoring in electricity cost
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Board Mining
Topic OP
Why is picking the right miner so hard???
by
KSRose-y
on 11/12/2024, 07:28:30 UTC
Hey guys,

I’ve been trying to take mining more seriously lately, but I keep getting stuck on one thing: choosing the right miner. Every time I think I’ve figured it out, I come across a thread that says, “This model isn’t worth it anymore,” or “That one uses way too much power.” It’s hard to keep up with what’s actually profitable.

For those of you who’ve been in the game for a while, how do you decide which miner is the right one? Do you just go with what you know, or do you have a good method for comparing all the options out there?

Would love to hear how you approach it!
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Topic
Board Speculation
Re: Donald Trump and bitcoin!
by
KSRose-y
on 11/12/2024, 02:12:34 UTC
Can't predict for sure what is clear is that Trump's victory as US President pushed bitcoin up to $100K even though it's already bullish time.

What you said $150,000 is quite realistic if you look at it now and it could be bullish next year the movement is even more significant, we know how Trump's promise in his political campaign Bitcoin will be made a reserve strategy that I know and maybe it will be realized there.

If Trump's victory wasn't the reason bitcoin's price surged to $100k, then what was the catalyst for it? Why didn't Bitcoin price increase before he was elected or a few weeks after the election ended? If I remember correctly, bitcoin price started rising on election day and started accelerating further after the news of his victory. So there is no denying that his victory was a catalyst.

If you don't believe Trump's victory is the catalyst for bitcoin's price increase, why should you expect his promise to? While we don't know if he can deliver on that promise, the market will move that way. The market moves on the news, the market has bet on his victory, so when he wins, the market will react positively and vice versa.

I think the rise in bitcoin's price after Trump's victory had a lot to do with his appeal to the crypto community. Many saw his win as a signal that crypto could gain more legitimacy especially with his hints about "strategic national bitcoin reserve". The market often reacts to such optimism especially from those who see crypto as a disruptor to traditional financial systems.

For me, it's a reminder that markets are heavily influenced by political events and promises sometimes more than we expect
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Board Bitcoin Discussion
Merits 1 from 1 user
Re: Is Willow (Google new quantum computer chip) going to kill Bitcoin?
by
KSRose-y
on 11/12/2024, 01:40:47 UTC
⭐ Merited by pakhitheboss (1)
Why are we speculating whether the chip is going to destroy Bitcoin? Did anyone here check the roadmap of Willow? Did anyone read the Google blog on Willow? I do not think so with the amount of replies I just read. I do not think they created this chip to destroy Bitcoin and I think what they have achieved is for improving their infrastructure and not destroying Bitcoin. It is crucial to understand that Bitcoin has now become a global digital asset for citizens of many countries and a few governments. It is speculative to think that quantum computing will be used to destroy something that is digitally precious for everyone.

Willow seems more focused on advancing tech capabilities rather than targeting bitcoin specifically. Bitcoin is such a widely adopted digital asset now that it feels unlikely any company would aim to destroy it
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Board Bitcoin Discussion
Re: Is Willow (Google new quantum computer chip) going to kill Bitcoin?
by
KSRose-y
on 10/12/2024, 08:14:51 UTC
From what I understand, Willow's 105 qubits still aren't enough to crack bitcoin's encryption which would require millions of qubits.

The fact that the crypto community has already anticipated this and is working on quantum-reistant solutions is reassuring.Post-quantum cryptography is already being explored to ensure bitcoin and other blockchains stay secure as quantum technology advances
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Board Mining
Re: small mining pool
by
KSRose-y
on 10/12/2024, 01:24:25 UTC
smaller pools means less frequent payouts since the chances of finding a block are lower

it's all about finding the right balance between pool size, frequency of rewards, and payout structure

maybe check out mining pool comparison sites like https://miningpoolstats.stream/ to filter pools based on size or other criteria
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Board Speculation
Re: Donald Trump and bitcoin!
by
KSRose-y
on 06/12/2024, 02:39:08 UTC
It's interesting to think about how news like Trump's election win might initially boost bitcoin because of market optimism but that effect seems to fade quickly as the market digests the news.
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Board Bitcoin Discussion
Re: What makes Bitcoin new from Other coins
by
KSRose-y
on 06/12/2024, 01:42:14 UTC
With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?
The value and potentials of bitcoin will always make bitcoin to be different and new from other coins. Every other coins tries to imitate bitcoin but they always end up becoming shitcoins and all these coins are common in potential, because of the potentials they are different from bitcoin.

Bitcoin has good a value for investment and it is very reliable to invest your money in it. Altcoins can't be consider as an investment because they are not certain and very risky investment that there are high chances of losing your money. Bitcoin will always be the talk for the day because of its values, decentralisation, reliability.

..i think you've got a strong point about bitcoin standing out from altcoins. it's true that BTCs reliability, limited supply and established history make it feel like a safer long term investment compared to the volatile and often experimental nature of altcoins. Altcoins might offer innovative features but high risk and susceptibility to scams or market downturns can make them less appealing to anyone who's cautious with their money.

i'm curious, do you think altcoins with unique utilities could ever challenge bitcoin's dominance or will BTC always be digital gold?
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Board Mining
Re: Just don't get it.
by
KSRose-y
on 05/12/2024, 14:11:01 UTC
I wish you were here when Bitcoin Faucets was a thing, i made significant Bitcoin with faucets, and it is a win win situation for the faucet owners and the miners, you get paid every hour into your wallet, it was that easy, but today Bitcoin worth over 100k, no single faucet can keep up, they are all out of business.

Avoid any app that promises free Bitcoin now, because to even reach the target to be able to withdraw will take forever, it is not worth it, if you feel like you are missing out on Bitcoin mining, and you don't have enough money for Big Asic miners you can look onto BTC USB miners, and start mining solo, it is a casino style of mining Bitcoin, as it can take forever to solve a single block, but electricity wise it takes few watts to run.

Look into Lucky miner or Canaan Avalon Nano 3.

BTC faucets were definitely a fun way to earn back in the day. It was like getting paid for doing almost nothing and it felt like a win win for everyone. But now. with BTC's value being so high, those faucets just cant keep up anymore. Honestly, I think a lot of people get caught up in "free bitcoin" apps, but like you said, its usually not worth the time and energy. Those apps often just end up being a waste.
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Board Bitcoin Discussion
Re: What DECEMBER means to a Bitcoin investor
by
KSRose-y
on 05/12/2024, 13:44:13 UTC
I don't offend you, but I think it's best to let December is December.

Don't try to input or extropolate the month word December to anything else, because December was not born for any meaning you want to attach. December itself is not an abbreviation, so if you try to attach some other words to each of December characters, it's too reluctant.

What does December mean for investors and traders?
See its history.
https://cryptorank.io/price/bitcoin/analytics

In Bitcoin monthly returns, there are two statistics for December:
  • Average: +8.65%
  • Median: +3.27%

It's not a too good month for short term profit.
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Board Bitcoin Discussion
Re: What DECEMBER means to a Bitcoin investor
by
KSRose-y
on 05/12/2024, 13:23:59 UTC
In Bitcoin monthly returns, there are two statistics for December:
  • Average: +8.65%
  • Median: +3.27%

It's not a too good month for short term profit.
[/quote]

Should we take this as a cue to slow down and plan for the new year instead?
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Board Mining
Re: Curious About Bitcoin Mining
by
KSRose-y
on 04/12/2024, 03:39:29 UTC
BTC mining requires specialized hardware like ASICs for efficient cryptographic calculations and it's costly due to hight equipment and electricity demands.

You can check this article for more details: Bitcoin 101: A Beginner’s Guide to Bitcoin Mining
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Board Bitcoin Discussion
Re: Donald Trump and bitcoin!
by
KSRose-y
on 04/12/2024, 01:50:42 UTC
Nobody will be able to predict the future but I know that the price of bitcoin will increase. This is not just about Trump but about the season that we are. We are in the bullish season and the price of bitcoin is expected to increase.

If Trump's plan to make bitcoin a strategic reserve, that could further make the price of bitcoin to increase. Also Trump will still be the president in 2027/2028 which would be another bull year. All I know is that the price of bitcoin will increase as time goes on long time.

BTC future looks exciting especially with recent developments suggesting a strong potential for growth. Some believe BTC's value into hundreds of thousands or even million due to increased demand and global ripple effects as other countries might follow suite.

Growing institutional interest and policy discussions seem to indicate BTC's increasing legitimacy as an asset.
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Board Bitcoin Discussion
Re: Donald Trump and bitcoin!
by
KSRose-y
on 04/12/2024, 01:21:21 UTC
.That's an interesting prediction! Experts believe Trump presidency could create a favorable environment for BTC espcially if pro-crypto policies and regulations were introduced. Analysts suggest BTC could reach $100k or more due to increased institutional investments and market trends.

$150k might be ambitious in short term

What do you think will have a bigger influence on BTC's price–regulatory clarity or global market trends?
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Board Bitcoin Technical Support
Re: Early Bitcoin Wallet - Help Needed - Advice Appreciated
by
KSRose-y
on 02/12/2024, 09:17:29 UTC
it's fascinating that you might have a dormant wallet address. If you're confident it's yours, tracking that address on the blockchain could help confirm your suspicious. It might even guide you toward tools or services that specialize in recovering old wallets.

Learn more about BTC recover and tools that might help: Bitcoin Recovery Guide
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Board Bitcoin Discussion
Re: 700 students are learning about Bitcoin in Indonesia
by
KSRose-y
on 02/12/2024, 08:24:56 UTC
.The initiative to teach BTC in Indonesian secondary schools is a powerful step toward bridging the digital and financial knowledge gap. Educating these 700 students about BTC at an early age can create a ripple effect where they not only gain technical understanding but a financial innovation in their communities,.
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Board Mining
Re: Just don't get it.
by
KSRose-y
on 29/11/2024, 11:20:24 UTC
Most mobile crypto mining apps dont actually perform real mining due to the hardware limitations of phones. Many either reward you with small amounts or crypto for engaging tasks (like watching ads).
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Board Bitcoin Discussion
Re: What makes Bitcoin new from Other coins
by
KSRose-y
on 29/11/2024, 06:34:41 UTC
With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

First off Bitcoin is King. Bitcoin is the first ever crypto, it holds and has always held the largest market share of any crypto and it is not controlled by any central authority but instead ran by a complex distributed network of nodes. Read The Bitcoin Standard by Saifedeen Ammous

..As the first-ever crypto, BTC secured its place wiht a massive market share, unparalleled adoption and a robust decentralized network. Its capped supply of 21M coins adds scarcity making it a reliable store of value often compared to digital gold.
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Board Development & Technical Discussion
Re: Will the high volume of transactions make Bitcoin more anonymous?
by
KSRose-y
on 28/11/2024, 08:32:49 UTC
Companies that have tracking or are in the business in that sense probably have some filters in their programs that assign identities or identify possible scamming situations that could cause problems in the systems. More volume would just result in longer analysis time because it increased in data and was quite complex, but if time isn't a problem, I don't think it will be impossible to track.

Blockchain analysis companies already have advanced tools to track and link addresses to potential identities, even with a lot of data. The increased volume might slow down the process slightly but it doesn't make tracking impossible.