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  #971  
Old 14th April 2019, 09:41 AM
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moltuae moltuae is offline
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Quote:
Originally Posted by ainarssems View Post
I do not spend the BTC I have to buy stuff, instead I buy BTC to buy stuff.
Same here

I think there's a possibility that the BTC price could fall once more before it eventually hits record highs again but I think the likelihood of it ever going to zero, or even close to it, are pretty slim now. I'd certainly be buying a lot more BTC if it hit even sub-£1K prices, as I'm sure would millions of other people.
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  #972  
Old 17th April 2019, 09:46 AM
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Max Keiser makes an interesting prediction in this recent article/interview:

Article: https://www.ccn.com/max-keiser-peopl...enging-bitcoin

Interview: https://www.youtube.com/watch?v=OETgltmnJgE

Quote:
The hash wars will be played out on a state level and thatís what will take us to new all-time highs.
That's a scenario I hadn't considered until now.

Since governments can not stop or control cryptocurrencies, it makes sense that they will likely try to compete for cryptocurrency dominance instead. As the global economic situation worsens, there will come a tipping point where fiat inflation will greatly accelerate the flow of wealth into cryptocurrencies, further devaluing fiat currencies (just as it is already doing in some countries). Governments and central banks will want to prepare for that by moving much of the fiat they control into cryptocurrencies. But before they do, they will of course want to ensure that no other organisation or nation has hash-rate dominance.
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Cars Owned:

The Audi Era: '97 A8 4.2 (Ming Blue) --> '96 A8 4.2 QS (Dark Green) --> '02 FE S8 (present)
The Citroen Era: '84 BX 1.6 RS --> '89 BX 1.9 DTR Turbo --> '94 XM 2.0L Turbo --> '96 XM 2.0L Turbo Exclusive --> '00 Xantia Activa 2.0L Turbo
The Banger Era: '76 1.2L Lada VAZ-2101 (Ruski Fiat 124) --> '80 1.7L Morris Ital HL, finished in Ermine White and Rust
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  #973  
Old Yesterday, 06:52 AM
ainarssems ainarssems is offline
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Well I just gone and ordered S17 Pro-53TH/s from Bitmain.
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  #974  
Old Yesterday, 07:45 AM
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Cool

I haven't been following mining hardware developments to be honest, so I wasn't sure what that was. I remember hearing about there being a new 'S' miner in the works a while ago, so I guess this is it.

Looking at the specs, it seems it has about 4 times the hashing power of an S9 and consumes about 2-3kW -- not bad!

I'm guessing that it should make about £300/month, at the current BTC price, not counting electricity costs. Probably gonna be pretty LOUD though, judging by the fans and the size of it. Are you planning to run it or sell it?

I've turned all but one of my rigs off now that the warm weather is here. I'm still staking about 10 million Linda Coin though, which earns around 500,000 Linda/month (presently worth a little under £200). So not hugely profitable but not bad for doing nothing except owning some Linda Coin.
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Cars Owned:

The Audi Era: '97 A8 4.2 (Ming Blue) --> '96 A8 4.2 QS (Dark Green) --> '02 FE S8 (present)
The Citroen Era: '84 BX 1.6 RS --> '89 BX 1.9 DTR Turbo --> '94 XM 2.0L Turbo --> '96 XM 2.0L Turbo Exclusive --> '00 Xantia Activa 2.0L Turbo
The Banger Era: '76 1.2L Lada VAZ-2101 (Ruski Fiat 124) --> '80 1.7L Morris Ital HL, finished in Ermine White and Rust
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  #975  
Old Yesterday, 08:09 AM
ainarssems ainarssems is offline
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Don't know yet if keeping or selling, probably running it for a while, low power mode during day, Turbo mode on nights. I missed out on the first batch, while I was thinking whether to get one they were all gone when I checked 1 hour after release. This is the best there is out there and probably will be for a while, well there is non Pro model 56Th/s but Pro model can do up to 62TH/s in Turbo mode. Noise is up to 82dB in Turbo mode so a bit quieter than S9
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