Crypto currency investors

[Chhatrapati]

Can you post calculations please

Bitcoin is not a stable place for investing. It's not regulated nor there is nobody to control any potential bursts in price. It's a huge risk now. You could've done that a year back and take the profit now.

 

[newb3e]

Bitcoin is not a stable place for investing. It's not regulated nor there is nobody to control any potential bursts in price. It's a huge risk now. You could've done that a year back and take the profit now.

Well thats what one should do stay away from bitcoin but price increase is crazy! I am actually looking for some alt currency something low valued something like 0.005 kinda currency invest some money into it and see if it jumps up like crazy.

 

[lastofthepatriots]

Well thats what one should do stay away from bitcoin but price increase is crazy! I am actually looking for some alt currency something low valued something like 0.005 kinda currency invest some money into it and see if it jumps up like crazy.

Verge is around that price.

 

[Skull and Bones]

Bitcoin is not a stable place for investing. It's not regulated nor there is nobody to control any potential bursts in price. It's a huge risk now. You could've done that a year back and take the profit now.

People said the same a year back.

 

[ashok321]

Can you post calculations please

 

[Kabira]

View attachment 443579

Just keep in mind difficulty keep rising and unless price rise with it then returns will not be same in 1-2-3 months etc

 

[ashok321]

Just keep in mind difficulty keep rising and unless price rise with it then returns will not be same in 1-2-3 months etc

If the BTC price goes south, so will other smaller coins too.
Dot.com too was busted years ago, but still goes on.

Cryptocurrency industry is going to hit a trillion dollar industry within very soon.
There wont be any meltdown, because it is connected with Internet, and Internet is here to stay for ever, it will be better with IOT in coming decade coupled with AI.

 

[Kabira]

If the BTC price goes south, so will other smaller coins too.
Dot.com too was busted years ago, but still goes on.

Cryptocurrency industry is going to hit a trillion dollar industry within very soon.
There wont be any meltdown, because it is connected with Internet, and Internet is here to stay for ever, it will be better with IOT in coming decade coupled with AI.

I know, that's not what I meant. But mining calculator just use current price and difficulty to give profit estimate. Keep eye on BTC mining difficulty, in next month you will likely mine half of what is possible now.

 

[ashok321]

I know, that's not what I meant. But mining calculator just use current price and difficulty to give profit estimate. Keep eye on BTC mining difficulty, in next month you will likely mine half of what is possible now.

It does not work this way:

There are supposed to be ONLY 21 million BTCs in 2040. Its a grandfathered clause.

2017 its only 16,751,425 BTC.

2040 it will see the end of production = 21 million.

So still we have 23 years for mining.
The difficulty factor will reach 100% at the end of the term.

Right now its below average = See following chart:

I have already paid the full amount today for Antminer S9 = 14 Terra hash.
Delivery end of Jan 2018.

Anybody wants, I can deliver along with its adequate PSU for 5K USD.

Freight on me.

 

[newb3e]

View attachment 443579

Equipment cost? And say hashing difficulty goes up by 15% then what?

 

[ashok321]

Modi needs money to buy more Rafales, hence the following:


Legit money or fraud in the making? Cautious India on tight bitcoin vigil
The tax department is set to issue notices to 4 to 5 lakh high networth individuals across India who were trading on bitcoin exchanges.

Equipment cost? And say hashing difficulty goes up by 15% then what?

Equipment cost is 4500 USD.

Mining difficulty is below average now for BTC.
It will be problematic after several years, till then my money would be in my pocket plus some hefty profit.

End of march 18, a new faster machine 7 nm is going to hit the market.

Antminer S9 = 16nm only:

The BM1387 ASIC Chip. The world's first bitcoin mining ASIC based on the 16nm process node. Bitmain's BM1387 chip is built using TSMC's 16nm FinFET technology and, delivering a record-breaking 0.098 J/GHs, is the world's most efficient bitcoin mining chip in the consumer market

This cat & mouse game would continue (practically) for eternity on everything.
Bottom line = No risk, no rewards.

Jo dar gaya wo mar gaya.

 

[Chhatrapati]

People said the same a year back.

A year back the Bitcoin wasn't nearing $20k.

Well thats what one should do stay away from bitcoin but price increase is crazy! I am actually looking for some alt currency something low valued something like 0.005 kinda currency invest some money into it and see if it jumps up like crazy.

If you are not planning to invest hard money in CryptoC's you can always buy mining rigs. Currently, I'm mining Monero, I bought every second-hand graphics card available with my friends and bought a brand new Vega 56. Since electricity cost is cheap for household, I'm mining XMR.

 

[Kabira]

A year back the Bitcoin wasn't nearing $20k.


If you are not planning to invest hard money in CryptoC's you can always buy mining rigs. Currently, I'm mining Monero, I bought every second-hand graphics card available with my friends and bought a brand new Vega 56. Since electricity cost is cheap for household, I'm mining XMR.

It doesn't matter, market cap is still like $600b which isn't much. Lets talk about buble once it hit $20 trillion.

End of march 18, a new faster machine 7 nm is going to hit the market.

That will be good time to buy early when 7nm miner comes, right now I'm waiting for them. Those who brought S9 2 years ago made nice profits. But since its Chinese their quality is questionable and I've heard they fail often.

Waiting for Japanese 7nm miner next year.

 

[WebMaster]

It doesn't matter, market cap is still like $600b which isn't much. Lets talk about buble once it hit $20 trillion.



That will be good time to buy early when 7nm miner comes, right now I'm waiting for them. Those who brought S9 2 years ago made nice profits. But since its Chinese their quality is questionable and I've heard they fail often.

Waiting for Japanese 7nm miner next year.

Thoughts on? crypterium

 

[Chhatrapati]

Thoughts on? crypterium

It is good. Trusted, much less government regulation unlike the ones in HK.