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Showing 20 of 38 results by KovaBTC
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Board Mining (Altcoins)
Re: Beginner in mining - Low elecricity price
by
KovaBTC
on 02/07/2025, 12:16:35 UTC
Hello all,

I'm looking for information about crypto mining. I am located in France. I have the advantage of paying 0.0051/kWh, so I think it could be profitable. I have a budget of around €3,000. I already have three-phase power.

Can you advise me if which altcoins will be interressting for me ? I don't know much about it, but the dual mining aspect of dogecoin/litecoin really appealed to me.
Hardware-wise, is it better to buy an ASICS at the risk of being limited on the cryptos I can mine, or is it better to go for a rig?


Thanks in advance for your advice.


You're electricity is cheap so mining can be really be worth it. You can go with dual mining litecoin and dogecoin. Two coins, one machine, same power.

You can also try hosting with electricity cost of $0.043/kwh if it is cheaper for you than mining at home. No noise, no heat and they set it up for you.

With your budget, you can check this mining calculator asicprofit.com to see what gives you best rewards.

Goodluck!
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Topic
Board Bitcoin Discussion
Re: The usefulness of having strategy as a bitcoin investor
by
KovaBTC
on 01/04/2025, 06:27:31 UTC
If you're investing in bitcoin, you really need a good plan whether you're looking to make quick money or aiming for the long haul. Spreading your money across different things can help keep risks low so you dont lose big. Make sure you stay in the loop with what's going on in the market and keep learning new stuff, it'll help you pick better moves. Don't let your feelings get the best of you, selling because you're freaked out or rushing into things can really mess things up. just stick with your plan, make little changes when you need to and you'll have a better chance at reaching your bitcoin money goals.
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Topic
Board Bitcoin Discussion
Re: Who else misses this?
by
KovaBTC
on 31/03/2025, 08:35:48 UTC
Am I the only one thinking that we are able to see this cheap transaction on Bitcoin network because of ordinals and Brc20 tokens are almost dead? I saw this coming for real, I knew that they won't do great on the long run, the time for ordinals to have done really well was when Bitcoin was pumping, but since it is giving the alt vibes it is doomed already.

This even confirmed that Ordinals are ALTs, they have nothing to do with Bitcoin, if not they would have moved a lot while Bitcoin was making a new all time high, even if altcoin season starts I doubt ordinals will do well.

If you are a ordinals investor I am sorry you've made a huge mistake by spending a dime on those shitty inscriptions, you are better off buying more Bitcoin at the time, now no one cares about Ordinals anymore.

Ordinals and BRC-20 tokens aren't as popular as when they first came out. People usually go for stuff that feels safer and right now, Bitcoin's the one everyone wants. But I don't think Ordinals are totally done, there might be some new ideas or changes that make them big again later. Crypto goes up and down so what seems boring now could be a hit in the future. If you have some, maybe think if they're worth keeping or if you'd rather just stick with bitcoin and let them go.
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Board Bitcoin Discussion
Re: How will bitcoin beat hyper inflation?
by
KovaBTC
on 28/03/2025, 03:50:45 UTC
I just want to gauge everyone's knowledge here (please don’t do too much research).
I would like to hear your thoughts based on your existing knowledge and intuition.

How do you think Bitcoin can help countries experiencing hyperinflation such as Venezuela, Zimbabwe, and more recently, Sudan and Lebanon?

We (bitcoin enthusiast) often preach that investing in Bitcoin is a hedge against inflation.
If inflation is the main problem in these countries, how do you think Bitcoin could help solve their economic crisis?

It seems like a total game changer for people in places where inflation's just insane. I can totally picture myself using it to protect my savings, sticking my money in bitcoin instead of watching the value of my local cash drop like a rock every single day. I also love that I can send money to family abroad without jumping through hoops especially if my country's got tight rules on foreign cash. And honestly the fact that it's not tied to some shaky government or bank makes me feel way more in charge of my own finances. Sure, it's not perfect, I worry about stuff like bad internet where I'm at or the government cracking down and those wild price swings can stress me out. But even with all that, I feel like Bitcoin's a solid backup for someone like me who just wants a way to keep their hard earned money safe when things get rough.
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Topic
Board Bitcoin Discussion
Re: Who says it's too late to buy Bitcoin?
by
KovaBTC
on 12/03/2025, 12:17:47 UTC
It's an easy way to stack bitcoin without stressing over when to jump in. Waiting for a big dip sounds tempting but I might miss out if prices shoot up instead. I think I'll keep doing DCA and just snap some extra when a dip hits. That way, I'm steady but still ready for a deal, it feels safer and could pay off big down the road.
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Topic
Board Mining
Re: How to mine bitcoin?
by
KovaBTC
on 12/03/2025, 10:38:44 UTC
Mining bitcoin with an RTX 4090 is not a good idea. The bitcoin network is dominated by ASIC miners which are far more powerful and efficient than any GPU. With just one RTX 4090, it would take years to mine a single Bitcoin and the electricity cost would be much higher than any potential profit. GPU mining for bitcoin is no longer viable and most miners have switched to other methods.
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Topic
Board Mining (Altcoins)
Re: How to Solo Mine and setup Node
by
KovaBTC
on 12/03/2025, 08:49:33 UTC
Hey,

I have a pretty good sized scrypt farm, about 2Th/s. Im currently mining using a pool but I want to switch to solo.

Does anyone have insight on what I need to do to mine solo. I dont want to mine solo thru a mining pool. I know you can do that, but Id rather stand up a node myself

You'll need to install and sync a full node for your chose Scrypt coin, configure the node to accept mining work and connect your mining hardware directly to it. Be sure to have enough storage and bandwidth.
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Topic
Board Bitcoin Discussion
Re: Will Governments Become the Biggest BTC Whales?
by
KovaBTC
on 11/03/2025, 08:40:52 UTC
Some governments (like El Salvador and Russia) are moving into bitcoin mining. If more nation-states accumulate BTC, what impact will this have on decentralization and price stability? Could this lead to geopolitical bitcoin wars?

I can see things getting messy if countries start using bitcoin to dodge sanctions or shake up the money game. Some leaders might freak out and try to block it to keep their grip but others might jump on it to get ahead.
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Topic
Board Bitcoin Discussion
Re: Why's bitcoin not legalized in some countries?
by
KovaBTC
on 10/03/2025, 04:23:55 UTC
In my opinion - bitcoin is not mandatory for every country to legalize as a legal currency, but legalizing it to a certain extent is enough. I mean - the government does not need to adopt it as a means of payment - but legalizing trade and investment alone can make them get state revenue. The state can tax the profits of traders or investors - that is certainly beneficial, but of course it would be even better if they also adopted it as a legal means of payment.

I don't expect all countries to adopt bitcoin as legal tender - but I expect regulations to become more bitcoin-friendly rather than banning it. The more countries that support bitcoin - the better the future, that's what I hope.


If we ask countries to legalize bitcoin as a currency, we are being a bit greedy and asking for too much. Just because satoshi created bitcoin to be a currency doesn't mean the government needs to legalize bitcoin in that direction. Anyone and even the government, needs to put their own interests first, they cannot legitimize or approve anything that might harm them. Legalizing bitcoin as a currency is clearly not in their interest, so don't set expectations too high or make demands they can't meet.

Me too, I don't expect too much. What I hope is that they won't ban it and don't make the regulations too harsh. No matter what, this world is still governed and controlled by the government, we cannot expect to be free and free from their control.

Hoping governments will just say 'yep, bitcoin's money' feels like a stretch since they've got their own stuff to look out for. But I really don't want them slamming us with tough rules or banning it, that'd kill all the cool possibilities. I'd love a middle ground where bitcoin's easy to use but still has some fair limits. They could get something out of it too without making it their official cash. I just hope we can meet halfway so it works for us and them.
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Topic
Board Bitcoin Discussion
Re: Who exactly is a “HODLER” ?
by
KovaBTC
on 07/03/2025, 08:55:04 UTC
Who exactly should be referred to as a HODLER?

As we already know, hodlers are people who hodl bitcoin for long periods of time; they are determined not to sell for the long term irrespective of the price change.

Now here comes my question: If those who buy and hodl their coins on a noncustodial wallet where they have full control over the coin are referred to as hodlers, are those who also hodl under a custodial service where they don’t have full control of the coins also regarded as hodlers?

If you leave your coins on a custodial exchange, the exchange is the one holding your coins and not you. What's available in your balance is what they can manually input. Since you don't have full control of the coin, you shouldn't be considered a hodler.

Not your keys, not your coins (and not being a HODLer)
Your keys, your coins (and you are HODLer)

For me a true hodler is someone who is holding bitcoin no matter what the price is. Someone who holds bitcoin for long term and they have the full control of their private keys and fully own a coin.

If my bitcoin is in exchange, I don't truly have control on that but I am trusting the exchange. It is like not your keys, not your coins. It is the key in crypto.

So i belive real hodlers are those who who store their bitcoin in a noncustodial wallet.
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Board Altcoin Discussion
Re: Is It Possible for DeFi and Traditional Finance to Coexist?
by
KovaBTC
on 06/03/2025, 04:25:15 UTC
I've been thinking about how DeFi and old school finance could actually work together instead of just butting heads. I've noticed some big players starting to dip their toes into DeFi ideas while others are digging in their heels. I figure stuff like rules and security swill really decide how they mix and honestly I can see them blending into something cool that pulls the best from both worlds.
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Topic
Board Bitcoin Discussion
Re: Can other altcoins be a threat to bitcoin.
by
KovaBTC
on 05/03/2025, 14:06:07 UTC
I don't think there is any altcoins that can be a threat to bitcoin. We all know that bitcoin already faced a lot of challenges like governments bans or attacks but it is still the first and top cryptocurrency in the market.
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Topic
Board Bitcoin Discussion
Re: Has the reputation of mixers really gone too bad?
by
KovaBTC
on 05/03/2025, 06:50:56 UTC
I used to think hackers only used mixers to hide stolen cash but they've got other tricks like P2P trades or swapping across blockchains. Mixers are part of it, sure, but pointing at them alone misses the bigger mess. I'd say better tracking tools and beefing up exchange security could hit the problem harder.
Post
Topic
Board Mining
Re: Open a large mining farm with a favorable tariff!
by
KovaBTC
on 04/03/2025, 04:40:36 UTC
Hello everyone I've always been interested in mining! I decided to find out about it and try it. I started mining on my PC. The idea came up to open a large farm. I made a small but understandable business plan. I'm Looking For Investors. I made the documents for the project, this document was made in Moscow (very good specialists reviewed my project). This document allows the investor to insure the entire project and be sure that his money will not be lost. The project is worth 4,400,000$. The price for electricity is 0.032$. Everything is legal and official!

The location of the mining farm will be in Kazakhstan.

The low electricity cost in Kazakhstan is a great advantage but investors will want to know about scalability and long term viability. I'd highlight strategies for handling market fluctuations and ensuring consistent profitability.
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Board Bitcoin Discussion
Re: How to improve the stability of lives through BTC or others in Rural Areas!
by
KovaBTC
on 03/03/2025, 07:02:15 UTC
We should help by teaching them through local workshops or training sessions because many people in remote areas don't know about online business opportunities. They are not advance when it comes to technologies so before helping them about other business opportunities, they should know how today's businesses works at least.
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Board Altcoin Discussion
Re: Monad Testnet not working
by
KovaBTC
on 28/02/2025, 01:43:14 UTC
It looks like the faucet is temporarily down due to demand. Sometimes, testnet projects distribute tokens through community events, maybe checking their social channels could help.
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Board Mining
Topic OP
Will renewable mining dominate or will regulators crack down?
by
KovaBTC
on 27/02/2025, 09:28:50 UTC
Bitcoin mining has been criticized for its energy consumption but many operations are shifting to renewables. Will Bitcoin eventually become a net positive for the environment through sustainable mining or will regulators use energy concerns to justify stricter control and bans?
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Topic
Board Mining
Re: Where do large mining companies send old ASICs?
by
KovaBTC
on 27/02/2025, 03:41:25 UTC
After the halving, many ASIC models will either become unprofitable or give very little profit. And in order for large companies to use all the power for maximum profit, they will turn off thousands of old ASIC models.
And what will happen to these ASICs next?
Will they be sold to other countries or disposed of?

If you want to buy a used ASIC now, don't do it. After halving there will be a big discount on such ASICs on the market.

After the halving, a bunch of old ASICs are gonna hit the market cheap. Some miners with low electric bills will snap them up but a lot will just get junked. if you're looking to buy, hang tight, it'll be worth the wait.
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Topic
Board Bitcoin Discussion
Re: You may lose hope in other cryptocurrencies but not in bitcoin.
by
KovaBTC
on 26/02/2025, 03:53:27 UTC
Bitcoin has remained dominant because of its decentralized nature and scarcity. I believe those fundamentals will continue driving its value making hodling a strong strategy for the future.
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Topic
Board Mining
Re: Do you buy ASIC miners from China?
by
KovaBTC
on 25/02/2025, 08:11:55 UTC
I will only buy if i have back up plan like knowing if there are reliable repair service or reseller who could help me if I need something to do with my machines or if something goes wrong. We all know that shipping delays and returns are nightmare and it is always a hassle so you should consider those first before committing.