Cryptocurrencies

What cryptocurrencies do you use/own?

  • Bitcoin (XBT)

    Votes: 30 27.8%

  • Ether (ETH)

    Votes: 16 14.8%

  • Litecoin (LTC)

    Votes: 15 13.9%

  • Peercoin (PPC)

    Votes: 0 0.0%

  • Dash (DASH)

    Votes: 3 2.8%

  • Dogecoin (XDG)

    Votes: 4 3.7%

  • Blackcoin (BLK)

    Votes: 0 0.0%

  • Zcash (ZEC)

    Votes: 3 2.8%

  • Other

    Votes: 14 13.0%

  • None

    Votes: 69 63.9%
  • Total voters
    108
Barcelona said:
"As the shift to renewable energy gains pace an awful lot of coal is being burned for an arguably intangible purpose.....ultimately the environmental cost is a clear and present danger..."
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I hate it when they do this. It's kinda like picking a fight with gas lawnmowers or cow farts instead of looking at the bigger picture:

The title of world’s largest container ship is actually held by eight identical ships owned by Danish shipping line Mærsk....
At five storeys tall and weighing 2300 tonnes, this 14 cylinder turbocharged two-stroke monster puts out 84.4 MW...
These mammoth engines consume approx 16 tons of fuel per hour or 380 tons per day while at sea.... unregulated fuel @ 2000x the sulphur of fuels found on land.

One large ship alone can generate approx 5,200 tonnes of sulphur oxide pollution in a year, meaning that 15 of the largest ships now emit as much SOx as the worlds entire fleet of 760 million cars.

...there are already 3,693 new ship builds on the books for ocean going vessels over 150 meters in length due over the next three years. The amount of air pollution just these new ships will put out when launched is equal to having another 29 billion cars on the roads.

So, if I guesstimate some math there, taking in account for ONLY the 15 currently largest ships (84.4MW) and 3,693 (Lets just guess a LOW 50MW):

15 Maersk ships = 1.266GW
3693 ships @ 50MW = 184.65GW

.... and that's only for one shipping company and ships that haven't even been launched yet. Statista says that there are 52,000 merchant ships currently, with 11,000 of those being bulk carriers. 11,000!!! It's Terra-watts at this point.

So, context is important in understanding large, un-relateable numbers. See, if we could just cancel ONLY the new ships, mining could go on 30-50 years without making as much of an impact as those ships will, in a single year.

Maybe we shouldn't have disastrous trade deals that not only ship jobs overseas, but cause the "need" for all of those overseas goods to be shipped over the ocean... a direct result of political malfeasance over the past 40-50 years.

But the media only blames what it wants...
 
Speaking of mining driving renewable energy technology forwards, this was in today's news ...

Final Frontier? William Shatner Boldly Goes into Bitcoin Mining
https://www.coindesk.com/final-frontier-william-shatner-boldly-goes-into-bitcoin-mining/

https://www.forbes.com/sites/billyb...price-with-solar-powered-mining/#13e4ca12131c

https://www.washingtonpost.com/news...is-solar-powered-mining-facility-in-illinois/

... But one company is pushing to make bitcoin mining a bit more sustainable — and William Shatner is among those at the helm. Shatner is a spokesman for Solar Alliance, a Canada-based solar energy company that on Wednesday said it had acquired a 165,000 square-foot warehouse in Illinois. Its plan? To equip the warehouse with a 3-megawatt solar panel array and rent the space to bitcoin miners.

"As an advocate for solar energy, I was intrigued by the potential for it to power cryptocurrency mining operations," Shatner said Wednesday in a release.
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timeshifter said:
Zcash is down to $170 today. Ugh.

Bitcoin and most others are on a serious downward trend right now. Need to hold on and stop looking at the market, right?

https://coinmarketcap.com/
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I got out, aside from like 1000 ripple coins I don't have any crypto remaining and I just have the ripple because that company obviously trying to push their coin all over the place and maybe something major will pick it up...i doubt it but who knows.
 
timeshifter said:
Zcash is down to $170 today. Ugh.

Bitcoin and most others are on a serious downward trend right now. Need to hold on and stop looking at the market, right?

https://coinmarketcap.com/
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I'm tempted to sell off my 16 GTX 1080 Ti's and get out of this.

I stopped mining Zcash a couple of weeks ago and trying Ravencoin for a day or two. Shut my rigs down last week because we were insulating the basement. I don't miss the noise. Right now I could buy more Zcash for what I was spending in electricity to mine it with my rig.

Part of me thinks I should hold on for the winter. It was this time last year that I was losing interest, but toward the end of the year things really picked up. I had 4 cards then. That's when I added 12 more.

So, maybe I'll hang on now and sell of the gear in January of February. Would be a better tax advantage to do that vs sell the gear now.

But, I've kind of lost interest and think I need to focus on other things.

Decisions, decisions...
 
I've had most of my mining rigs turned off during the summer months. I turned a couple of my L3s back on a few weeks ago, to compensate for the cooler late-summer weather. I plan to gradually turn more of them on as the weather gets colder and we move into autumn (fall). I'd rather use heating that makes a little money (even if it makes less than it costs to run) than heating that makes no money at all.
 
I've said it before (even on this thread) and I'll say it again (probably also on this thread) that crypto will be profitable. People buy into HYPE, it's the socially ingrained thing to do. Someone comes running into town screaming "the local pub is giving away free pints!!!"... everyone rushes to the pup. Of course, they are probably sadly disappointed when the local pub isn't giving away free pints... but they all bought into and ran like their heads were on fire.

Same thing with crypto.... every surge has a new crowd running as fast as they can. I wager the main reason the effects are even larger today (like when XRP doubled recently) is because it's not all that simple / easy to throw cash into the crypto realm. It usually involves buying BTC first and then transferring, or waiting a few days on a bank transfer. Problem with that is, within that few days the pullback has already happened and most are now skeptical to throw that coin in. Had they been easily able to do it the same day, they wouldn't have thought twice.

I remember sitting in a computer lab reading an article circa 2010 about crypto... thinking "what the hell, I should throw $50 in this and see what happens". Had I done that, I'd be retired (assuming I could have held out through all the spikes and pullbacks through the $21,000 per BTC mark). I had the foresight to pin down what BTC would be used for (illegal activity) I just didn't have the stones to plunk the cash down.. to worried about it being a sham. But it's a different world now. I'm not betting on the coins, I'm betting on the people feeding off of the hype, and they will. Their wide, get rich quick eyes are what will make my investment worth something some day.
 
You say that like crypto currencies only use is for day trading. I think some form or crypto currency will become a significantly used method of payment for all kinds of transactions. Plus, blockchain technology will have a serious impact in other fields, not just as a medium of exchange.
 
I do fully well believe crytpo will take hold with tangible usages.

I wasn't suggesting a day trade use case, I'm simply suggesting that I'm not betting on crypto taking a foothold in real world use cases (which I think it will) but rather that I'm betting on people buying into the hype. People hear about BTC rally on the news, read that article about some guy who forgot about that old thumb drive with BTC on it and now they are millionaires... they get excited, buy into the hype, FOMO kicks in and next thing you know they want to throw every liquid dime they have at it.

That's what I invest in. That's enough for me. I invest into crypto because I know people don't want to miss out. They want to be that guy or gal who got rich off crypto coins or block chain tech.

Crypto will revolutionize our money, I fully believe that. But as an invester, I can strip that away and pretend like it doesn't matter because I believe even more that people will feed off the hype and FOMO will drive my investments up and up.
 
timeshifter said:
You say that like crypto currencies only use is for day trading. I think some form or crypto currency will become a significantly used method of payment for all kinds of transactions. Plus, blockchain technology will have a serious impact in other fields, not just as a medium of exchange.
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Except that it will not and cannot. None of the cryptomoney out there will ever be real money because by design they don't have features necessary for it to become real money.
 
brandonkick said:
That's what I invest in. That's enough for me. I invest into crypto because I know people don't want to miss out. They want to be that guy or gal who got rich off crypto coins or block chain tech.
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There hasn't been any good news recently do drive the FOMO crowd. I've heard from at least one, maybe more, who think the Bitcoin is not secure. They hear stories about big exchanges being hacked. To them it means that Bitcoin is hacked. They don't understand that it's like blue jeans... they won't buy Levi's jeans because thieves have been stealing boxes of them from the warehouse at Walmart.
 
timeshifter said:
There hasn't been any good news recently do drive the FOMO crowd. I've heard from at least one, maybe more, who think the Bitcoin is not secure. They hear stories about big exchanges being hacked. To them it means that Bitcoin is hacked. They don't understand that it's like blue jeans... they won't buy Levi's jeans because thieves have been stealing boxes of them from the warehouse at Walmart.
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LOL. That's a good analogy.
 
I think it's quite likely that some form of cryptographically signed digital cash is going to be commonplace at some point in the future.

I'm much less convinced that anything out there right now is going to be that product, and I have my doubts about any privately-backed or community effort becoming that product. That's not to say that you can't make money on them in the meantime or that all of them will fail, but I sure wouldn't pin anything on them based on likelihood of (value) appreciation.
 
fencepost said:
I think it's quite likely that some form of cryptographically signed digital cash is going to be commonplace at some point in the future.

I'm much less convinced that anything out there right now is going to be that product, and I have my doubts about any privately-backed or community effort becoming that product. That's not to say that you can't make money on them in the meantime or that all of them will fail, but I sure wouldn't pin anything on them based on likelihood of (value) appreciation.
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There is nothing stopping that being done by dollars. All the parties involved just have to agree to it. Just like they agree to the concept of wire transfers or handwritten checks. Are money is already digital always has been. Back in the day that state was maintained on paper ledgers, today it is with computers. The concept is the same.
 
Are you looking for a place to house your Antminers.

Approx 3 - 4 months ago my partners and I decided to move our units to Testlawatt of Carlson City, CA)
Where paying $105 monthly for electricity for each S9. Not much profit for now but big savings from where we use to be.(San Jose, CA)

I did a site visit and the setup is not your traditional hot/cold section like at the data center but it was neat and properly maintained.
Carson City is usually cold. All they need to keep the place cool was a Air Water Cooling fan. They do have Air Condition but only as a back for hot days during the summer. They also offer Remote Access (free) and manage PDU (extra cost - optional)
 
timeshifter said:
I've heard from at least one, maybe more, who think the Bitcoin is not secure. They hear stories about big exchanges being hacked. To them it means that Bitcoin is hacked. They don't understand that it's like blue jeans... they won't buy Levi's jeans because thieves have been stealing boxes of them from the warehouse at Walmart.
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Wouldn't it be more like a bank getting robbed with your money in it, and the bank is not going to replace it?
 
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