I disagree what the others are saying. Bitcoin mining is not profitable if you mine it solo using your own rig but it is possible if you join mining pools like Nicehash. It then depends on the algo that you want to mine. Ethash for Ethereum as an example. If you're going to start mining you need to consider how many graphics cards are you going to invest in, because if you are just going to buy 1 GTX 1080ti then it is not profitable but if its 6 to 7 GTX 1080ti then it is possible to profit from it as GPU mining is dependent on the computing power of the graphics cards, in case of GTX 1080ti, it has 11 gb with 32 Mh/s using Claymore eth miner. So with 6 GTX 1080ti you'll have ~192 Mh/s which is relatively a good hashrate for a mining rig. The average return of investment is within 6 - 10 months. After that is pure profit. You can also mine with your CPU to make the most out of the motherboard since all the dedicated mining motherboards today are already 1150 LGU model so there's no problem if you but the latest CPU you can afford to mine Moreno (Popular for CPU mining).

In mining, you should be aware that you're going to spend a lot of money for the graphics cards as it costs 12k - 66k depending on what brand and series you're buying and it's just a part of the rig. You need to consider the motherboard (B250) ~9k and PSU (gold/platinum) ~10k (?), 4 gb ram ~2.5k, CPU (varies), etc. that you're going to buy as well. The location is also considered because of the loud noise that the rigs are going to generate, the electricity cost that the rigs are pulling (monthly billing) in our place it's 10php/kwh, and the temperatures of your rig you might get an airconditioning if you can't keep the temperature below 80C as 50C~60C is the ideal gpu temperature. I also want to include the stress and troubleshooting that you're going to face if you're new in mining. It is advisable to stick with windows OS.

Overall if you're prepared to do all that then go ahead and mine. It is still feasible and ROI is subject to change depending on the market. Do mind that you need to consider this as an investment because this involves risks after all.

There are no rules with regards to giving merits as long as it's constructive, meaningful or helpful to other users. It is because merits/merit sources are scarce that they have to assess who to give their merits to thus insert deserving high-quality post.


Low-quality posts should not be given merits freely, if in those cases, it is possible that users are giving merits to their alt accounts to just gain merits. This also leads to merit distribution abuse which you can investigate if there's an exchange of merits between people, etc. But with that method, it will not really last long as Smerits decreases by half everytime you send one. Also, those users must be put in the watchlist as there's a possibility of merit abuse.

Another way that you can earn merits is yung paghuli ng mga nagbebenta ng merits, suspicious merit giving activity - mga nagbibigay ng merits na considered as "shitty" posts.

This means that binibigyan ng high ranker account ng merits yung lowbie accounts nila to level up easily. Since there are possiblities na yung mga alt accounts na yan ay galing na sa mga matatagal ng member ng forum. Either to sell the accounts or use it for money farming.

Here's the thread where you can post and see yung mga offenders.

USERS THAT ARE ABUSING MERIT SYSTEM LIST

https://bitcointalk.org/index.php?topic=2823221.0

It's not that much but they give merits there sa mga nahuhuli nila.

Ang nakikita ko is that dapat magkaroon kahit papano ng merit source ang bawat local forums since hindi naman lahat ay native english speakers.

Dapat balance ang allocation ng merit kahit hindi ito nasa English dahil sa mga local thread mas madaling iparating sa kapwa natin ang impormasyon na nakaTagalog at kung ito ay nakakatulong rin sa kapwa natin e dapat mabigyan rin ito ng merit.

Ang labanan kasi sa labas e pagalingan maipresenta ang iyong opinion na may saysay at makabuluhan sa English na nakakabawas sa change ng kapwa natin na earn ng merit bukod sa sarili nating board. Nababasa ko rin kasi dito sa thread natin na may mga  nahihirapan makaintindi sa mga pinaguusapan in English na hindi sila ganun kagaling na makaintindi at makareply agad sa mga threads outside ng local board natin kahit na ang 2nd language natin dito sa Pilipinas ay Ingles.

Follow up to what has Jannn said, you can merit a post by sending a Smerit. But for you to get a Smerit to send users for their posts, you need to have someone to send you a merit first by making quality/informative/constructive posts.

It will take some time for newbies to understand a lot of things going on around about the cryptocurrency here in the forum. I think that there should be a sub-merit system specifically for newbies till they reach member rank as they become more informed and knowledgeable. I have nothing against the current merit system but isn't better if there are ways to help them rank up since for newbies there's a learning curve for them to put up quality contents to their posts.

Ohh I see what you're talking about, I think I'm starting to understand what you're talking about now.. Also, I want to ask what are your opinions about the number of required merits to have past Member to rank? Isn't it too much of a gap to achieve? I think that the scalability should be the same with activity.

I agree with you but there's this uncertainty that your efforts will not be even rewarded for it. For example, you replied to a post that you're interested to participate in and you composed a post that you know for yourself that you did everything but is not rewarded for it because they just didn't give any attention to it or it has been buried because there's a lot of people posting in the thread. So it means that there no incentives will be given even if you put ample of time and effort that you can for it? I also agree with the merit system that we have not but I think there's room for improvement because what we wanted to filter out here is spammers populating the forum.



I believe what he's talking about was, there are some Sr. Members extending their hands out to newbies by giving away merits for their quality posts.
You can check it out with the link below.

https://bitcointalk.org/index.php?topic=2832127.0

I'm currently in this phase and I think I'm having a hard time to cope up with this merit system. I am really not sure if my posts were helpful/informative/constructive enough for people to give me merit. I still don't have any merits till now which led me to think if what I'm posting is not significant for people to notice. I'm trying to prove something that I too can gain merit through improving what I know and what can I contribute with my personal opinion/perspective of the topic.

It is greatly appreciated if you guys can guide me to how I can really make a quality post worth giving merits to

I will recommend Coins.ph kesa sa Abra. Mas madali siyang gamitin at mas madaling makapagpapasok ng money through 7/11, Cebuana o Gcash as compared sa Abra na kaylangan mo pa maghanap ng tambunting. Also sa experience ko medjo skeptic lang ako sa conversion ng PHP to ETH since I tried yung function nila but hindi ko makitaan ng button for currency conversion.

Also, nagannounce si Coins.ph ng about sa conversion ng ETH but as of this moment wala pa rin.

The challenge is how well you can make your post as constructive or helpful to others. Well, it's difficult to earn merits now and for those people who are making their posts as constructive as they can but can't really earn merits. All that there is to it is to improve their communication skills and knowledge. This forum will surely help them develop those skills as they will be earning points little by little.

Hindi na talaga basta basta ang pagpapalevel up ngayon na kahit ako e medjo hirap intindihin kung ano nga ba ang standard nila sa quality/constructive posts. Sabagay, mafifilter nito yung mga nandito lamang para makasali sa mga signature campaign at kumita regardless kung anong post ang isulat nila. Mahirap rin talaga na makakuha ng merit since hindi naman rin sila lahat nagbibigay. And there are times na nagkakapareparehas ang opinion ng bawat isa patungkol sa topic nung thread. Kaya dapat mas bigyan ng oras ang pagsusulat at isipin ng maigi ang mga sinasabi para mas magkaroon ng kabuluhan ang gusto maiparating na mensahe.

The possibility that even a fraction of bitcoin is going the be expensive to even buy. It can possibly good to buy and hold some now that it's not even that so much expensive and learn to trade.

Maybe he is fishing somewhere. Kidding aside, we'll never know but there's a possibility that he is still working on a blockchain. An improvement of it as someone who introduced bitcoin, I think there'll never be one idea that is bitcoin in his mind. I know there's more to it.

It's dangerous to only think positive since not all positive means something good. we must be rational and also logical with how we perceive things and information and think beyond what's presented to us. But it is certain that the price of bitcoin will be stable and is building momentum to go back to its previous price, pre-dip.

Bitcoin is not over and will not cease to exist. There's a lot of potential with the blockchain and it's just in the early stage. Such FUD only affects those who do not know anything about bitcoin and its technology as they just want to get on the bull ride and earn profit. Bitcoin, cryptocurrency as a whole will not be over just because of clickbaits and "experts" spouting nonsense. We known the true potential of bitcoin and that's what make us stay and hodl.

It just felt like it'll fall forever since it crashed hard till 6k usd. What I expected was that the crash will only hit till 10k. It exceeded my initial expectation of the correction. Currently, bitcoin's price is now gaining a steady bullish trend which is healthy for the market. It's just people can't handle the bloodbath and they tend to panic as they're constantly seeing a bearish trend.

Market will start to grow again when there's an increase in demand in bitcoin again. That goes for the news getting positive headline that bitcoin is starting to recover. Also that includes those that are waiting for most awaited dip. people begun to buy and buy the moment the price drops significantly.

I think there's a misconception. It doesn't mean that wealth is associated only with rich people. There are rich people getting poor because they don't know how they will handle their money and assets and the same can be said to poor people not doing anything to achieve something. Wealth is only associated to those who has the will to attain financial freedom and those who will do anything to succeed.

I benefit from bitcoin last 2017 is that it's not all about just profits, there are a know in regards to technology in cryptocurrency especially the blockchain. To understand what you are investing in you should first know what's the use of the coin and what is the technology behind it.