If shiba is actually getting the backing from tesla its going to the moon
Quote from Cyberkilla
I'd say be careful, but I thought the same about Doge and it shot up to 70c from fractions of a cent 
The cheapness is because these projects have started setting ma**ive max supplies to make individual coins extremely cheap, as people feel psychologically better owning billions of them. They then proceed to burn half of the supply to rapidly increase scarcity and drum up some hype.
I think with Shiba they are trying to do more than what Doge did, which was just to fork Bitcoin as a joke and tweak the mining rate to be much more generous, so who knows
The cheapness is because these projects have started setting ma**ive max supplies to make individual coins extremely cheap, as people feel psychologically better owning billions of them. They then proceed to burn half of the supply to rapidly increase scarcity and drum up some hype.
I think with Shiba they are trying to do more than what Doge did, which was just to fork Bitcoin as a joke and tweak the mining rate to be much more generous, so who knows
Quote from Shoebob
looking into Shiba. its dirt cheap like bitcoin was when it started, suppose to be the "Dogecoin" killer.
Anyone still paying attention to crypto? Looks like it's moving in the right direction now. Not sure I'm in anything deep enough to be window shopping for monocle and top hat though 
I only really held onto BTC and ADA.
I only really held onto BTC and ADA.
Invisible War FTW
Wow, I knew we were in a bear market, but it all happened in under a week this time.
Somehow it's even worse after all the inst*tutional adoption - you'd think they'd be keen to keep the price action sensible to protect their interests, but instead they're tanking it.
Oh well, there's still the lottery I suppose. I got a BitAxe Gamma 602 some guy was clearing stock of on eBay. Plugged it into a solar panel and it's chugging away (only 18 W), giving me about 1 in 5 mil odds of mining a whole block to myself per day.
It's pretty weak, about 1.2 TH/s, but the lottery in UK is 1 in 45 mil and the Euromillions is 1 in 185 mil, so a free crypto lottery ticket every day is about 1 in 14,000 odds per year.
The odds are both excellent compared to lottery, and still ridiculously tiny. Makes you realise how bad the lottery is, really
Somehow it's even worse after all the inst*tutional adoption - you'd think they'd be keen to keep the price action sensible to protect their interests, but instead they're tanking it.
Oh well, there's still the lottery I suppose. I got a BitAxe Gamma 602 some guy was clearing stock of on eBay. Plugged it into a solar panel and it's chugging away (only 18 W), giving me about 1 in 5 mil odds of mining a whole block to myself per day.
It's pretty weak, about 1.2 TH/s, but the lottery in UK is 1 in 45 mil and the Euromillions is 1 in 185 mil, so a free crypto lottery ticket every day is about 1 in 14,000 odds per year.
The odds are both excellent compared to lottery, and still ridiculously tiny. Makes you realise how bad the lottery is, really
Invisible War FTW
Edited 1 time(s). Last edited by Cyberkilla @
Quote from Aurum KodEXo
What I have in Bitcoin now is pretty much free money, but this is still so sad, I was wondering if I should take out some of it when it was hovering around €65k/BTC, it is now €53k/BTC. D:
I guess I'll just hold until it goes back to €65k or something, even if it means it going to 0 instead.
I guess I'll just hold until it goes back to €65k or something, even if it means it going to 0 instead.
Same, I’m just going to leave it all in hardware wallet and hope it fixes itself next year
I wouldn’t care, but it was such a weak bull run, I should have sold in 2021
Invisible War FTW
word is there's actually a limited amount of bitcoin possible. Didn't know this until my friend told me that there will be a time when there are actually none left to mine. Nowadays everything is all about AI. Bitcoin never blew up the computer market nearly as much as AI companies are. TBH dunno what bitcoin will do. By all accounts if it does keep its value then it'll steadily increase over time and maybe spike when the maximum bitcoins have been reached and there are none left to find.
Quote from Cyberkilla
Tbh I've never tried to mine. I wish I'd paid attention to Bitcoin ten years ago. I heard about it quite early on, somehow, but it sounded like a novelty. Hindsight is always 20:20. lol
You can't really mine Bitcoin with normal hardware nowadays. I think you need custom ASICs with water cooling at this point. Some of the altcoins are a lot less demanding though.
Some, you can do with a GPU/gaming rig, others, you're probably better off ordering one of those mining machines.
I haven't really looked into it much though, because it feels like those days are over for the major currencies now. At one point, you could mine Bitcoin on a laptop. Now, you need dedicated hardware.
With Bitcoin, you aren't always guaranteed to find the correct hash before someone else does, so it becomes a statistics game. You have to join a pool so that your odds are increased (because your hashrate combined and rewards shared).
All in all, seems cheaper to just buy some on Coinbase/Binance/etc., and sit on them hoping that what you've bought is going to go parabolic in the long run.
There are about 12,000 cryptocurrencies atm, according to CoinMarketCap. That's disingenuous though. Almost all of those are tokens, not coins. They just piggyback on other crypto networks. There are probably only a few hundred actual distinct crypto blockchains, with their own underlying coin, and a lot of them are just forks of Bitcoin (Litecoin, Doge, etc.).
Everyone is digging for gold atm, and a few people are getting rich selling them the shovels, but what else is new
You can't really mine Bitcoin with normal hardware nowadays. I think you need custom ASICs with water cooling at this point. Some of the altcoins are a lot less demanding though.
Some, you can do with a GPU/gaming rig, others, you're probably better off ordering one of those mining machines.
I haven't really looked into it much though, because it feels like those days are over for the major currencies now. At one point, you could mine Bitcoin on a laptop. Now, you need dedicated hardware.
With Bitcoin, you aren't always guaranteed to find the correct hash before someone else does, so it becomes a statistics game. You have to join a pool so that your odds are increased (because your hashrate combined and rewards shared).
All in all, seems cheaper to just buy some on Coinbase/Binance/etc., and sit on them hoping that what you've bought is going to go parabolic in the long run.
There are about 12,000 cryptocurrencies atm, according to CoinMarketCap. That's disingenuous though. Almost all of those are tokens, not coins. They just piggyback on other crypto networks. There are probably only a few hundred actual distinct crypto blockchains, with their own underlying coin, and a lot of them are just forks of Bitcoin (Litecoin, Doge, etc.).
Everyone is digging for gold atm, and a few people are getting rich selling them the shovels, but what else is new
Quote from DemonicJ
you guys mine for it or buy it?
if mining, whats the best way to do it?
if mining, whats the best way to do it?
Hows it going, and have fun.