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Showing 13 of 13 results by baloner
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Board Mining
Re: Bitcoin halving and future of mining.
by
baloner
on 14/05/2020, 03:09:24 UTC
Quote from: kingkong1 on Today at 02:51:11 AM
Quote from: baloner on Today at 12:57:16 AM
We saw another bitcoin halving and now we have further less reward for miners. Bitcoin Hashrate is hitting new records every now and then. Bitcoin mining is only for few rich community members who can afford that expensive miners and fuel them with expensive power.
The question which I wanna ask is that whether we have any other good alternative to this or we will continue to move with this centralized mining for rest of our lives.

Defiantly there are other ways. If you are new comer this doesnt mean there is nothing you can do to mine. But main problem is people are only crazy for mining they think every other crypto is useless.

I was read this thread yesterday https://bitcointalk.org/index.php?topic=5248076.0 and I did'nt pay much attention to it.

Unless I came to know that its listed on exchange and has Estimated annualized yield rate: 200%. See the links below

https://mxc-exchange.zendesk.com/hc/en-001/articles/360043448871-Announcement-on-2nd-Session-MASS-Staking
https://www.mxc.com/trade/easy#MASS_USDT

We need to pay attention to other alternative and stop getting crazy about Bitcoin.


Thanks for sharing this. Its based on Proof of capacity algorithm not on Proof of work, this is all I get to know after reading this thread. Can you give me some convincing arguments like @philipma1957 gave in support of mining with cheap electricity.
Post
Topic
Board Mining
Re: Bitcoin halving and future of mining.
by
baloner
on 14/05/2020, 03:02:35 UTC
Quote from: philipma1957 on Today at 02:32:05 AM

I will concede that

Laptops no longer mine BTC directly and are obsolete  if you want to say I am wrong about laptops fine.  I am wrong .  I am also wrong about GPUS and CPUs

They don't make money with cheap power.


You are such a senior member, I am sure you have sufficient knowledge about crypto way more then me.
Sir, electricity is no more cheap in most parts of the world. Its expensive specially in under developing counties.
I don't think earning one dollar after running miner for whole day is a profitable thing.
Quote
the s9 is dirt cheap Under 100 USD with a power supply  and earns 14 x .0775 = $1.08 USD a day
But I do surrender in front of your arguments since you are a senior member here ;-)
Post
Topic
Board Mining
Re: Bitcoin halving and future of mining.
by
baloner
on 14/05/2020, 02:15:04 UTC
Quote from: philipma1957 on Today at 01:37:57 AM
Quote from: baloner on Today at 12:57:16 AM
We saw another bitcoin halving and now we have further less reward for miners. Bitcoin Hashrate is hitting new records every now and then. Bitcoin mining is only for few rich community members who can afford that expensive miners and fuel them with expensive power.
The question which I wanna ask is that whether we have any other good alternative to this or we will continue to move with this centralized mining for rest of our lives.

You are wrong.

Bitcoin mining ⛏ works with any machine if power is cheap.

Bitcoin mining ⛏ does not work with expensive machines using expensive power.

Expensive power = loser.

Cheap power = winner.

Agree that Bitcoin mining can be done on any machine. But an ordinary laptop if run for full month even on cheap electricity can give you almost zero BTC. Lets just accept the fact that Bitcoin is profitable on expensive machine only and we the new comers have to look for alternatives.
Post
Topic
Board Mining
Bitcoin halving and future of mining.
by
baloner
on 14/05/2020, 00:57:16 UTC
We saw another bitcoin halving and now we have further less reward for miners. Bitcoin Hashrate is hitting new records every now and then. Bitcoin mining is only for few rich community members who can afford that expensive miners and fuel them with expensive power.
The question which I wanna ask is that whether we have any other good alternative to this or we will continue to move with this centralized mining for rest of our lives.
Post
Topic
Board Bounties (Altcoins)
Re: [Bounty] FSM Token ⚡ The Deflationary Token ⚡
by
baloner
on 30/04/2020, 16:08:59 UTC
is this new religion progressing in other parts of the world also or its just a one man show?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Upbots ⚡ All-in-One Trading Solution for Beginners and Experts ⚡
by
baloner
on 31/03/2020, 19:20:51 UTC
The project is big and you need a team of expert to really make it a reality. Although team member profiles on your site are real, it really depends on how they execute this. If you come with something which you are claiming on your site, then your token will be on moon else it will be just an ordinary project.
Post
Topic
Board Altcoin Discussion
Re: what is stakes in bounty
by
baloner
on 27/03/2020, 17:56:03 UTC
Quote from: DarkDays on March 26, 2020, 10:03:14 PM
You need to divide the numer of stakes you get into the total number of stakes allocated for that section of the bounty.

e.g. If you receive 500 stakes and the total number of stakes allocated to that section of the bounty are 50,000 stakes, then 500/50,000 = 0.01. Therefore you get 0.01* the bounty pot.

Because of this, if the bounty allocation for that section is 100,000 tokens, you'll receive 0.01 * 100,000 = 1,000 tokens.

Basically it's not possible to know how much you'll get until the bounty ends, just hope there aren't a huge number of participants.


thanks a bunch for the explanation. this one is really handy as it comes with an explanation.
Post
Topic
Board Announcements (Altcoins)
Re: [MASS] Decentralized HARD DRIVE mining cryptocurrency | PoC | Low Energy cost
by
baloner
on 27/03/2020, 17:47:30 UTC
Quote from: Framekkg on Today at 05:42:26 PM
...

initial BTC miners got a huge reward for mining BTC on their computers i.e. 50 BTC per block. You will get loads of MASS coins as it's in its very early days, who knows one days this will be on moon. just saying

Yes, who knows where this coins may end up. Not many take new coins serious in their early days. I am impressed with this project since they have complete documentation available for every thing, not just a website that is selling tokens with no info about the underlying technology.
[/quote]

Yup amazing documentation on research that is carried out about this project, check this section https://massnet.org/en/research/
It's very different than how other projects compile their documentation. I like it very much because of its simplicity to follow.
Post
Topic
Board Announcements (Altcoins)
Re: [MASS] Decentralized HARD DRIVE mining cryptocurrency | PoC | Low Energy cost
by
baloner
on 26/03/2020, 18:03:49 UTC
What's the reward for the new miner who creates a new block? secondly what's the reward for staking the coins.
Post
Topic
Board Altcoin Discussion
Re: what is stakes in bounty
by
baloner
on 26/03/2020, 17:01:29 UTC
thanks alot everyone for participating in this debate and your contribution.
I now do have solid understanding of stakes and anyone who read this will surely have.
Post
Topic
Board Altcoin Discussion
Re: what is stakes in bounty
by
baloner
on 26/03/2020, 14:08:14 UTC
One more question.

the number of coins in bounty need to be fixed prior to start of the bouty let say 100 million.

stakes also need to be set prior to start of bounty or they have no limit.
Post
Topic
Board Altcoin Discussion
Re: what is stakes in bounty
by
baloner
on 26/03/2020, 11:38:11 UTC
Quote from: SourLemonX on Today at 11:06:31 AM
Quote from: baloner on Today at 10:52:03 AM
while going through bounty threads, I came across rewards in the form of stakes. like if you post 40 times on bitcointalk.org you will get 500 stakes. Does that mean you will get 500 coins?
stakes means coins or something else.
can somebody explain this?
thanks
Do you understand what is a stock of a company? Stake here has the same meaning, when you join a bonus campaign. They will set aside some % of the coin for the bounty campaign. Participants will receive stake each week based on what they receive. At the end of the campaign, the total number of coins you receive = the total number of coins available for the bounty campaign / total stakes of all participants * your total stakes. So, stake represents the return (coin) you will receive


Thanks a lot for such a nice explanation. Really it will help newbies like me to understand the concept of stakes.
Post
Topic
Board Beginners & Help
what is stakes in bounty
by
baloner
on 26/03/2020, 10:52:03 UTC
while going through bounty threads, I came across rewards in the form of stakes. like if you post 40 times on bitcointalk.org you will get 500 stakes. Does that mean you will get 500 coins?
stakes means coins or something else.
can somebody explain this?
thanks