Crypto currency mining

[Delboy]

525Kev Admin we might have a BMW owner in the inner circle lol

[525kev]

Originally Posted by Delboy

525Kev Admin we might have a BMW owner in the inner circle lol

Peugeot 407sw all the way.

[ulfilias]

Originally Posted by 525kev

1 Day maybe

Seriously....The A8 is a bigger bargain than the S9....And possibly cheaper on ebay too....might have lower running costs as well

The D2/D3 is a *LOT* of car for not a lot of money. Great reliable beasts that don't look their age and have already depreciated to almost nothing!

[ainarssems]

Originally Posted by ulfilias

Hi There,

Definitely interested in the B...Happy with a group buy too. BTW have a look at Revolut on android and get it, if dealing with fiat in other currencies as there would be NO FEEs to get complicated about. I buy European festival tickets each year via it and it works excelently and also gives bank transfer rates, MUCH better than using your normal bank!!!

Oh and if you want to get it use http://revolut.com/r/leeoxn3!crypto as i'm trying to unlock and see what it's crypto functions are like as it may be a nice way to cash out into some holiday funds for the summer

Had a look at Revolut, looks good, in terms of cryptocurrencies prices are not bad you cannot send any to or from your Revolut account, you can only buy, hold and sell what you have bought on Revolut. Hopefully they will introduce external transfers soon as well.

[ulfilias]

Originally Posted by ainarssems

Had a look at Revolut, looks good, in terms of cryptocurrencies prices are not bad you cannot send any to or from your Revolut account, you can only buy, hold and sell what you have bought on Revolut. Hopefully they will introduce external transfers soon as well.

Oh....That's slightly disappointing in terms of crypto....At some point I am going to look at how to get some money back out of this all!

Still awesome for international transfers and for paying for stuff on holiday by card!

Crypto seems to be falling this week. Then again I wasn't looking at selling so it's just numbers atm!

[MikkiJayne]

https://www.wsj.com/articles/china-q...ing operations

That can only be good for the rest of us if it reduces China's dominance of mining, although the other big mining operations will probably move just like Bitmain.

[moltuae]

Originally Posted by MikkiJayne

That can only be good for the rest of us if it reduces China's dominance of mining, although the other big mining operations will probably move just like Bitmain.

Precisely what I thought. It might reduce the global hashing power a little too, decreasing difficulty while increasing profitability. Although I doubt some of the larger Chinese mining operations will give up that easily. I read that some already have plans to move overseas. It will be interesting to see how the Chinese government will react if they do. What some governments seem yet to realise is that resisting the rise of cryptocurrencies will hurt their economies, not save them. Early adopters like Japan (where Bitcoin's popularity has exploded since the government embraced it by making it a legal currency), are likely to benefit from a significant economy boost as cryptocurrencies grow.


Certainly there's some crypto-bargains to be had right now. This FUD about South Korea seems to be partly responsible for the present cryptocurrency 'sales' too ...

No, Mainstream Media, That Country Did Not Ban Bitcoin. Again.
Link: https://news.bitcoin.com/no-mainstre...bitcoin-again/

Headlines roared late last night in the western hemisphere, morning in the east, as mainstream media outlets breathlessly ran with an initial report from a legacy wire service: the Republic of South Korea is to ban cryptocurrency. The truth is more subtle, and it’s fast becoming an object lesson in fear, uncertainty, and doubt (FUD). Veterans and those new to bitcoin and crypto have clear choices as to reliable media coverage, and the South Korean “ban” is a perfect example.

[MikkiJayne]

It seems to me that the excessive fees of bitcoin is more likely to ruin it as a viable currency than any government shenanigans. It costs me two day's mining effort just to move anything I've earned, let alone spend it.

[moltuae]

Originally Posted by MikkiJayne

It seems to me that the excessive fees of bitcoin is more likely to ruin it as a viable currency than any government shenanigans.

Yeah, that and misinformation are probably its greatest threats. People don't seem to realise that governments can't do anything to stop Bitcoin, yet the price flinches almost every time some government makes an announcement about cryptocurrencies.

Unless the scaling issues are resolved, I think Bitcoin is destined to become just a store of value, ie digital gold. Which isn't necessarily a bad thing, but other cryptocurrencies will take its place for smaller transactions if the fees remain high, further reducing its dominance.

The frustrating thing with Bitcoin is that there are are number of proposed working solutions to fix the high fees, but a majority consensus is needed before any of them can be deployed (which is of course a good thing). Ironically, the wheels of consensus seem to turn nearly as slowly as those of bureaucracy.

[ulfilias]

Originally Posted by moltuae

Yeah, that and misinformation are probably its greatest threats. People don't seem to realise that governments can't do anything to stop Bitcoin, yet the price flinches almost every time some government makes an announcement about cryptocurrencies.

They can for a specific demographic, by stopping internet access or something equally dumb, however doing so would be political suicide in the UK now.

Unless the scaling issues are resolved, I think Bitcoin is destined to become just a store of value, ie digital gold. Which isn't necessarily a bad thing, but other cryptocurrencies will take its place for smaller transactions if the fees remain high, further reducing its dominance.

Satoshi's mimicking of Gold seems to be going full circle. Be careful what is wished for


BTW if you don't need to move things quickly, drop the fees down, may take a while but definitely saves BTC for just shifting to a store!