Can you not keep your wallet on a normal USB stick or your hard drive anymore. Thats the thing that makes this all kind of confusing I guess right now it seems like its similar to investing in stock but with a couple extra websites. Wallet is like your bank account, but then you need another site to transfer to an exchange, buy the stuff, transfer it back to the transfer site and then back to your wallet. Not like investing where you put cash money into the investment website and then buy and sell your shit from that one site and keep your balance there. If like a wallet site could directly integrate the other two things it would probably decimate the other types of sites. Unless theres a site like this that I havent found.
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Originally Posted by Leafy
(Post 1460288)
Can you not keep your wallet on a normal USB stick or your hard drive anymore. Thats the thing that makes this all kind of confusing I guess right now it seems like its similar to investing in stock but with a couple extra websites. Wallet is like your bank account, but then you need another site to transfer to an exchange, buy the stuff, transfer it back to the transfer site and then back to your wallet. Not like investing where you put cash money into the investment website and then buy and sell your shit from that one site and keep your balance there. If like a wallet site could directly integrate the other two things it would probably decimate the other types of sites. Unless theres a site like this that I havent found.
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Originally Posted by Leafy
(Post 1460288)
Can you not keep your wallet on a normal USB stick or your hard drive anymore. Thats the thing that makes this all kind of confusing I guess right now it seems like its similar to investing in stock but with a couple extra websites. Wallet is like your bank account, but then you need another site to transfer to an exchange, buy the stuff, transfer it back to the transfer site and then back to your wallet. Not like investing where you put cash money into the investment website and then buy and sell your shit from that one site and keep your balance there. If like a wallet site could directly integrate the other two things it would probably decimate the other types of sites. Unless theres a site like this that I havent found.
The thing about digital currency is that you are your own bank. You are responsible for your own shit. No big brother watching over you. There are so many stories of people losing their private keys and their fortune of bitcoin. On the other hand, if you keep hold of all your own crypto, and only send crypto directly to other people, it is basically impossible to tax :cool: |
Get rich in the stock market playing sub-penny bitcoin plays without ever actually owning any currency (taxes be damned). I'm up $1k in RMRK and am gonna cash out sometime this week depending on what I see happen Monday. I also have a bridge for sale if interested, PM.
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Originally Posted by sixshooter
(Post 1460112)
I fully understand Fiat money and how it works. Something is only worth what someone is willing to give you for it. If there is a scare and people dump Bitcoin for cash then no matter what you paid for it you won't be able to get much for it. It doesn't matter what you think it's worth or what someone on the internet says it's worth if no one is willing to give you anything for what you got. It's about supply and demand as you have stated. I'm simply saying that if confidence in it falls then there will be little demand. The dollar is well valued because people have confidence it won't suddenly fall. If Bitcoin drops to $8,000 next week the casual investors may flee end dump their shares possibly driving it down to 4000. That might piss off the more serious investors and they may dump some of theirs as they watch the value in free fall........
It feels like a pyramid scheme. There is a decent article on it here. https://finance.yahoo.com/news/bigge...145634830.html On a tangent, Sixshooter; where is the picture you use from? I wanna see her with the safety harness removed. |
Originally Posted by BGordon
(Post 1460675)
This matches my gut feeling, which is why I have stayed completely away from bitcoin and similar stuff.
It feels like a pyramid scheme. There is a decent article on it here. https://finance.yahoo.com/news/bigge...145634830.html On a tangent, Sixshooter; where is the picture you use from? I wanna see her with the safety harness removed. http://static.adweek.com/adweek.com-...k-hed-2015.jpg |
Agreed, boobs are probably the most common sight on the internet.
I know that but I want to get a better look at her in particular. Finding that one pair without assistance would be like finding a specific grain of sand on a beach. Just about the same odds as winning the lottery. |
For what it's worth...
NiceHash is back. https://www.nicehash.com/cpu-gpu-mining NiceHash Miner 2.0.1.8 is here! 2018-01-17 New release of the NiceHash Miner is now available for download: 2.0.1.8 Version 2.0.1.8 brings the following changes and improvements: Updated excavator to v1.3.9a Added algorithm Nist5 for NVIDIA cards Improved NeoScrypt performance Improved Nicehash email login validation Improved algorithm switching Various performance optimizations Various bug fixes and improvements If you experience any problems or bugs, we suggest you update your NVIDIA drivers first. Your NiceHash team. |
Originally Posted by Girz0r
(Post 1462304)
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Originally Posted by UrbanSoot
(Post 1462338)
I've been mining at home using NiceHash for the past couple of days. Getting about $7-8/day on a slightly overclocked 1080ti. In other news - my 5x 1060 ETH mining rig just died :(
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Originally Posted by 2slow
(Post 1462473)
That's after electricity costs in CA? Or do you also use it as a heater in the bedroom at night? Unless you have solar of course...
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Originally Posted by 2slow
(Post 1462473)
That's after electricity costs in CA? Or do you also use it as a heater in the bedroom at night? Unless you have solar of course...
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In WI I pay ~$0.12Kwh.
My 28 rx 570/580 cards make about $100 a day right now and cost ~$200 a month in electricity. Each 7 card rig is drawing ~1100w. Right now I make more on crypto than I actually do showing up for work... |
Yea, I'm paying $0.40kWh.... No mining for me.
Love watching news and tickers though: Ripple co-founder loses $44 billion on paperWhy on paper? Because he is rich only in his own monopoly game and he doesn't actually have 44 billion :) |
I just jumped into the pool - literally in mining talk. Bought a Vega 64 to run my 3 1440 monitors for iracing - but since my sim isn't there yet, decided to wade into the crypto waters.... man... it's deep! So now I'm at 2050 h/s for XMR using cast_xmr miner... and my piwer is cheap... like .08kwh cheap. Now if only Monero gains in value :)
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My GeForce 1070 is largely idling since I've stopped gaming... thinking about selling it for 2x I paid for it
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Originally Posted by 2slow
(Post 1466450)
My GeForce 1070 is largely idling since I've stopped gaming... thinking about selling it for 2x I paid for it
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Originally Posted by DeerHunter
(Post 1466451)
The whole video card scene is really annoying now. I was recently looking to upgrade my video card (Radeon HD7850) since it's marginal for current games. I just about had a heart attack when I saw current prices - not that anybody has any stock in any case.
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Originally Posted by 2slow
(Post 1466450)
My GeForce 1070 is largely idling since I've stopped gaming... thinking about selling it for 2x I paid for it
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I hope AMD uses this situation to gain market share. They can easily add a few lines of code into firmware to throttle the cards if used by miners with downgrade firmware lock. This way new cards would become largely useless to miners and they would have to use other types of processors.
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