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The New Coffee Room

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  3. The Bitcoin/Crypto Thread

The Bitcoin/Crypto Thread

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  • 89th8 Offline
    89th8 Offline
    89th
    wrote on last edited by
    #248

    wut

    1 Reply Last reply
    • X Offline
      X Offline
      xenon
      wrote on last edited by
      #249

      https://en.wikipedia.org/wiki/Tulip_mania

      1 Reply Last reply
      • 89th8 Offline
        89th8 Offline
        89th
        wrote on last edited by
        #250

        Ah ok, stupid dutch

        HoraceH 1 Reply Last reply
        • 89th8 89th

          Ah ok, stupid dutch

          HoraceH Offline
          HoraceH Offline
          Horace
          wrote on last edited by
          #251

          @89th said in The Bitcoin/Crypto Thread:

          Ah ok, stupid dutch

          lol Holland people are Hollandaise no Dutch stupid loosers lol

          Education is extremely important.

          1 Reply Last reply
          • 89th8 89th

            @Ivorythumper said in The Bitcoin/Crypto Thread:

            @89th said in The Bitcoin/Crypto Thread:

            @mark said in The Bitcoin/Crypto Thread:

            @89th There is quite a bit of buzz going on about our favorite meme coin. Shiba Inu just did some big deal with the metaverse or something and is projected to hit 0.0001 maybe even .001 by the end of the year. I am going to toss a couple hundred more at it. I currently have 5.8 million coins. I am going to make it 10 million coins maybe even go as high as 30 million. lol It is currently trading at $0.000025. I am dollar cost averaged at $0.000041 so I am down at this point.

            In the meantime, Monero (XMR) is up 8.03% at $274.98 per coin so my mined efforts went up in value by $12.89 in one day.

            This is fun. Hopefully with a little mad money down the road.

            Cool! I bought 4 million SHIB a year or so ago (for like $100?), figured why not... Hopefully I get an alert if it spikes so I can sell it in time, lol.

            How's that SHIB doing?

            I first started looking at this thread in Nov 2021, and haven't bought anything ever. Did I miss out, or save my money?

            In terms of missing out, you have not yet. See the last 12 months below. I bought after the 2nd smaller jump (before the big spike), so I'm about net even. Really, the bet here is that SHIB will become another meme coin that Elon tweets about and it goes to the moon like DOGE. Heck, if SHIB went even to $1.00 it would be worth more than the entire country's GDP... so in reality if it can jump to even a penny, that will make many people a lot of money. I own 23 million SHIB so you can do the math if it hits a penny (a dollar would be nicer! lol).

            a6a40e38-4f23-4ec2-a2e4-72f4e220b86d-image.png

            IvorythumperI Offline
            IvorythumperI Offline
            Ivorythumper
            wrote on last edited by
            #252

            @89th

            @89th said in The Bitcoin/Crypto Thread:

            @Ivorythumper said in The Bitcoin/Crypto Thread:

            @89th said in The Bitcoin/Crypto Thread:

            @mark said in The Bitcoin/Crypto Thread:

            @89th There is quite a bit of buzz going on about our favorite meme coin. Shiba Inu just did some big deal with the metaverse or something and is projected to hit 0.0001 maybe even .001 by the end of the year. I am going to toss a couple hundred more at it. I currently have 5.8 million coins. I am going to make it 10 million coins maybe even go as high as 30 million. lol It is currently trading at $0.000025. I am dollar cost averaged at $0.000041 so I am down at this point.

            In the meantime, Monero (XMR) is up 8.03% at $274.98 per coin so my mined efforts went up in value by $12.89 in one day.

            This is fun. Hopefully with a little mad money down the road.

            Cool! I bought 4 million SHIB a year or so ago (for like $100?), figured why not... Hopefully I get an alert if it spikes so I can sell it in time, lol.

            How's that SHIB doing?

            I first started looking at this thread in Nov 2021, and haven't bought anything ever. Did I miss out, or save my money?

            In terms of missing out, you have not yet. See the last 12 months below. I bought after the 2nd smaller jump (before the big spike), so I'm about net even. Really, the bet here is that SHIB will become another meme coin that Elon tweets about and it goes to the moon like DOGE. Heck, if SHIB went even to $1.00 it would be worth more than the entire country's GDP... so in reality if it can jump to even a penny, that will make many people a lot of money. I own 23 million SHIB so you can do the math if it hits a penny (a dollar would be nicer! lol).

            a6a40e38-4f23-4ec2-a2e4-72f4e220b86d-image.png

            Thanks for the update! I hope it goes up— Luke 23:42.

            1 Reply Last reply
            • X xenon

              Tulips make so much more sense now.

              taiwan_girlT Offline
              taiwan_girlT Offline
              taiwan_girl
              wrote on last edited by
              #253

              @xenon said in The Bitcoin/Crypto Thread:

              Tulips make so much more sense now.

              lol i agree

              1 Reply Last reply
              • markM Offline
                markM Offline
                mark
                wrote on last edited by
                #254

                I started to GPU mine Ethereum a few days ago. It pays out in Bitcoin.

                Right now I am mining $15 in bitcoin every 18 hours. The electricity cost is about $2 or so. Bitcoin is currently way down from the all time high.

                At first I only had one GPU mining. The liquid cooled Nvidia RTX 3090 Hybrid was producing $4/day. I then put the AMD 6900XT to work and I am up to $7.50-$8/day.

                Right now I am doing pretty good reaching the 005 ETH level for payout every 18 hours.

                I can see the attraction to doing this on a larger scale. lol

                KlausK 1 Reply Last reply
                • markM mark

                  I started to GPU mine Ethereum a few days ago. It pays out in Bitcoin.

                  Right now I am mining $15 in bitcoin every 18 hours. The electricity cost is about $2 or so. Bitcoin is currently way down from the all time high.

                  At first I only had one GPU mining. The liquid cooled Nvidia RTX 3090 Hybrid was producing $4/day. I then put the AMD 6900XT to work and I am up to $7.50-$8/day.

                  Right now I am doing pretty good reaching the 005 ETH level for payout every 18 hours.

                  I can see the attraction to doing this on a larger scale. lol

                  KlausK Offline
                  KlausK Offline
                  Klaus
                  wrote on last edited by
                  #255

                  @mark said in The Bitcoin/Crypto Thread:

                  Right now I am mining $15 in bitcoin every 18 hours. The electricity cost is about $2 or so.

                  What is the cost if you factor in the cost of the graphics card (assuming, say, that you'll use them for one or two years)?

                  markM 1 Reply Last reply
                  • KlausK Klaus

                    @mark said in The Bitcoin/Crypto Thread:

                    Right now I am mining $15 in bitcoin every 18 hours. The electricity cost is about $2 or so.

                    What is the cost if you factor in the cost of the graphics card (assuming, say, that you'll use them for one or two years)?

                    markM Offline
                    markM Offline
                    mark
                    wrote on last edited by mark
                    #256

                    @Klaus I use the cards mostly for gaming. Yes, I have to stop mining to play VR Golf and when I want to fly or race.

                    The cards were quite pricey but at this rate, I will "pay them off" (they are already paid for lol) in under 2 years to pay for the original cost of the cards, unless Bitcoin explodes again. 😉

                    1 Reply Last reply
                    • KlausK Offline
                      KlausK Offline
                      Klaus
                      wrote on last edited by
                      #257

                      unless Bitcoin explodes again.

                      I don't think you'd gain much with regard to mining profits if Bitcoin explodes. It would then immediately attract more miners, which would in turn raise the difficulty target for finding nounces.

                      markM 1 Reply Last reply
                      • markM Offline
                        markM Offline
                        mark
                        wrote on last edited by
                        #258

                        The mining is all experimental for me. But, if I can make some extra mad money, or I might loose some mad money whatever. It is fun learning about the mechanics of it.

                        1 Reply Last reply
                        • KlausK Klaus

                          unless Bitcoin explodes again.

                          I don't think you'd gain much with regard to mining profits if Bitcoin explodes. It would then immediately attract more miners, which would in turn raise the difficulty target for finding nounces.

                          markM Offline
                          markM Offline
                          mark
                          wrote on last edited by
                          #259

                          @Klaus said in The Bitcoin/Crypto Thread:

                          unless Bitcoin explodes again.

                          I don't think you'd gain much with regard to mining profits if Bitcoin explodes. It would then immediately attract more miners, which would in turn raise the difficulty target for finding nounces.

                          True but the BC I would own, at the time of the explosion would obviously be worth more. If it hits $65k again I would cash out 50% or so but let some ride. Maybe it will hit $150k! lol

                          1 Reply Last reply
                          • KlausK Offline
                            KlausK Offline
                            Klaus
                            wrote on last edited by
                            #260

                            Well, I'm all for it.

                            If Bitcoin increases by 100x, I can retire. Is that too much to ask?

                            HoraceH 1 Reply Last reply
                            • KlausK Klaus

                              Well, I'm all for it.

                              If Bitcoin increases by 100x, I can retire. Is that too much to ask?

                              HoraceH Offline
                              HoraceH Offline
                              Horace
                              wrote on last edited by
                              #261

                              @Klaus said in The Bitcoin/Crypto Thread:

                              Well, I'm all for it.

                              If Bitcoin increases by 100x, I can retire. Is that too much to ask?

                              No, but it means you have too much of your portfolio wrapped up in bitcoin. 🙂

                              Education is extremely important.

                              KlausK 1 Reply Last reply
                              • HoraceH Horace

                                @Klaus said in The Bitcoin/Crypto Thread:

                                Well, I'm all for it.

                                If Bitcoin increases by 100x, I can retire. Is that too much to ask?

                                No, but it means you have too much of your portfolio wrapped up in bitcoin. 🙂

                                KlausK Offline
                                KlausK Offline
                                Klaus
                                wrote on last edited by
                                #262

                                @Horace said in The Bitcoin/Crypto Thread:

                                @Klaus said in The Bitcoin/Crypto Thread:

                                Well, I'm all for it.

                                If Bitcoin increases by 100x, I can retire. Is that too much to ask?

                                No, but it means you have too much of your portfolio wrapped up in bitcoin. 🙂

                                Maybe I'm just particularly modest in my financial needs for retiring 🙂

                                AxtremusA 1 Reply Last reply
                                • KlausK Klaus

                                  @Horace said in The Bitcoin/Crypto Thread:

                                  @Klaus said in The Bitcoin/Crypto Thread:

                                  Well, I'm all for it.

                                  If Bitcoin increases by 100x, I can retire. Is that too much to ask?

                                  No, but it means you have too much of your portfolio wrapped up in bitcoin. 🙂

                                  Maybe I'm just particularly modest in my financial needs for retiring 🙂

                                  AxtremusA Away
                                  AxtremusA Away
                                  Axtremus
                                  wrote on last edited by
                                  #263

                                  @Klaus said in The Bitcoin/Crypto Thread:

                                  Maybe I'm just particularly modest in my financial needs for retiring 🙂

                                  Healthcare cost factors big into Americans’ retirement planning. If you live in a place that has significantly lower healthcare cost (compared to the USA), your financial needs for retiring will very likely be more modest.

                                  1 Reply Last reply
                                  • taiwan_girlT Offline
                                    taiwan_girlT Offline
                                    taiwan_girl
                                    wrote on last edited by
                                    #264

                                    I still dont "get it". LOL 🤷

                                    1 Reply Last reply
                                    • markM Offline
                                      markM Offline
                                      mark
                                      wrote on last edited by
                                      #265

                                      I stopped mining Monero XMP. It wasn't producing enough even with 36 cores running. If I run the solo miner my CPU gets too hot even with only 8 cores active. I think I need a better CPU cooler. lol Tried to use a pool where a bunch of people are contributing to the process. You earn "shares" for work performed. You only get a payout if you currently have an active "share". The shares only stay active for 12 hours. During that time, if a block is found you get a very small portion (1/2000th) of the block reward. Which works out to about $0.07 per payout. Not worth it as I was only getting a few payouts every other day or so.

                                      So now it's strictly GPU based mining. Still using a pool but it is not the same as the Monero p2Pool. I am seeing $6-$8 per day payouts. I will be looking into an ASIC miner but not 100% sure I want to go down that road.

                                      taiwan_girlT 1 Reply Last reply
                                      • markM mark

                                        I stopped mining Monero XMP. It wasn't producing enough even with 36 cores running. If I run the solo miner my CPU gets too hot even with only 8 cores active. I think I need a better CPU cooler. lol Tried to use a pool where a bunch of people are contributing to the process. You earn "shares" for work performed. You only get a payout if you currently have an active "share". The shares only stay active for 12 hours. During that time, if a block is found you get a very small portion (1/2000th) of the block reward. Which works out to about $0.07 per payout. Not worth it as I was only getting a few payouts every other day or so.

                                        So now it's strictly GPU based mining. Still using a pool but it is not the same as the Monero p2Pool. I am seeing $6-$8 per day payouts. I will be looking into an ASIC miner but not 100% sure I want to go down that road.

                                        taiwan_girlT Offline
                                        taiwan_girlT Offline
                                        taiwan_girl
                                        wrote on last edited by
                                        #266

                                        @mark I think you are in better shape to be okay if the price falls than this company

                                        (https://markets.businessinsider.com/news/stocks/microstrategy-bitcoin-margin-call-21000-crypto-loan-mstr-stock-price-2022-5)

                                        1 Reply Last reply
                                        • AxtremusA Away
                                          AxtremusA Away
                                          Axtremus
                                          wrote on last edited by
                                          #267

                                          Cryptocurrency’s dollar values are falling along with the stock market indices:

                                          https://www.fastcompany.com/90749588/stocks-and-cryptocurrencies-are-crashing-today-heres-why

                                          1 Reply Last reply
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