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There is always something new in this crypto stuff to learn. I did what you did and smashed out 80 coins in 1hr 30 for 75 quid of BTC and at current LCC price is £287. (it is sliding down all the time and still not able to deposit it at Yobit) That was my first ever venture into renting as well so an interesting experience. |
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*IF* you have a gaming PC then using it to mine a bit of crypto would be fine. Maybe bump up the risers and add a card or two. Asics however are not cheap and the market is very volatile. I *THINK* i'll earn back my investments on ASICS, but I bought reasonably cheap. I've already said above that I wouldn't buy an S9 at $2300 atm as i'd be worried about making that back. Better to invest that in crypto as it's cheap(ish) atm but that's not really an income. *IF* you've got a few grand and want a better return but reasonably safe, look at Property Partner. Alas not under an ISA umbrella ATM so tax to be paid, but you can get ~4-5% monthly return there and potential for sales growth too. It's not the return of crypto, but also not the risks (maybe split whatever you have between a few coins and this?) As for converting crypto back to fiat, it's doable, but it's tricky and there are risks there too as BANKS are not that keen on it. Revolut may be a useful route but it's not there yet. Bittylicious works and there are a few exchanges. I also like the use crypto to buy something and sell that route though that's liable to give paypal credit etc. It's all a bit new and up in the air. Sorry again to be negative, but i'd prefer someone to go into this, or not, with their eyes open than potentially get stung later. |
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I earn staking rewards from a few coins that I own, such as NEO, Deep Onion and Linda Coin. With NEO you earn 'gas' just by owning NEO (no need to leave the wallet open) but the rewards are fairly small unless you own a huge amount of NEO. Deep Onion and Linda are both the 'open wallet' type, which I leave running 24/7 on an old PC. Again, not huge rewards but still worthwhile, especially if the PC is usualy switched on and running anyway. Linda coin is also a masternode coin but presently you need 30 million Lindas to run a masternode. However, the developers have recently announced that they will be lowering the masternode requirement to 2 million Lindas in a few months. |
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My S9, S7 & S7(2 card) have got 12 coins since 5pm yesterday which ~16 a day which is $70-90 a day for 22TH. Estimates vary and the last hour was 1.1 though that would be 26!!! Definitely better than BTC/BCH etc at the moment, though how long it will last at that rate, who knows!!! As for the price, I expect a drop once it gets properly tradable and it'll take a month or two to see where it's actual price lies. However it looks to be a good coin for actually doing things so has some interesting potential :D |
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Only have to have the wallet open....Some wallets can take a while to sync so you can download the prior stuff in a zip from some places which speeds that up! |
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You really do have to think of cryptocurrency investing as gambling. Don't invest what you can't afford to lose. Having said that, if you're sensible, do your research and gradually build-up a diversified portfolio, you can make huge profits. You can make money by playing the exchanges and buying and selling at the right time but that really is a gamble and takes a lot of skill/luck. Most people who have been investing in cryptocurrencies for more than a year will tell you to "just hodl (hold)". If you have the nerve to ride the dips, any cryptocurrency that's worth investing in will generally increase in value in the long run, sometimes by more than 100x. If you're looking to invest, I would start with an amount that you are prepared to lose. Invest and wait. Don't panic or pull out at the first dip. If after a few months you have managed to make a good profit, you could even take out your original investment and continue investing your profits. |
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Up until now, I've had too many options to consider between GPU rigs, ASICs, direct trading and investing. At least now I can focus on the one area. |
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The kind of money you blow on a night out won't make any difference to your night out (drink water or soda and lime/blackcurrant etc) but if it takes off it could make a nice amount to play with. If it doesn't then realistically you've not lost anything, you've also gained insight, education and you've tried! It's better odds than the lottery that's for sure! |
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I think I need to get in staking as well, that's the part I have not tried yet, just need to decide the which coins to stake. What are the HDD space requirements for the coins you are staking and how fast is the space used growing?
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Found this site showing miner profitability, also lists some miners I was not aware about before. https://www.asicminervalue.com/ CryptoNight price have gone well down on MRR as well so I need to switch AMD GPU rigs over to ETH which means finding new GPU settings as they just crash at the current settings used for CryptoNight. Eth mining also requires larger power consumption but extra heat would be welcome in this cold spell of weather. Bitmain released new batch of L3+ at a bit lower price, I am tempted to buy 1 or 2 more and possibly sell S9 as the L3+ is lower power consumption and lower noise but on the other hand don't want too much eggs in one basket. Speaking of which I finally got building blocks in the size I wanted to build shelving units for miners. There is a picture below to give you idea what it would look like. It will be 5 holes high with space for 2 miners and 2 PSU's on each shelf. Front and back will be closed with mdf probably lined with multifoil insulation like used for house insulation or car soundproofing https://www.ebay.co.uk/itm/YBS-Super...IfmBWmXiq1_w9A or https://www.ebay.co.uk/itm/3m-GlassM...QAAOSwIzNXPG9R At the front side horizontal block will be cut so that it only closes sides and fron part will be all joined in one plenum chamber, air will supplied at the front through 1x12" or 2x8" ducts and fans from outside about 2000-3000CFM. At the back there will be 1x 5" exhaust going out for each miner and 4.5" adapter on the back of each miner freely going in the exhaust vent with a bit of gap around it and hopefully drawing a bit of air around it as well providing better ventilation for the whole setup and helping to keep PSU's cool as well. Exhaust ducts will be just venting in the garage to keep it warm for now, possibly adding another 12" exhaust fan from the garage later down the line, if it's too hot in summer they will go to the outside of garage. Power sockets and Ethernet switch will be located inside the unit as well. Front MDF will be made into door hinged for ease of access and sealed with rubber foam seals. Maybe I should get in hydroponics as well, heating and ventilation will be there already, just need to add some lightning and growing arrangements:) http://forum.a8parts.co.uk/attachmen...1&d=1519554332 |
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I am also thinking about the L3's, would need to off load the s9's or find somewhere else to put them. I did consider coalition but not found a place with cheap enough costs yet. So what you gonna be growing in the hydroponics, its a good idea, like you said your already half way there so you might as well. |
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