Imagine if all the money miners spend on buying new ASIC rigs would go directly into the purchase of bitcoins. Imagine also if all the cost associated with operating mining farms would be virtually eliminated and therefore greatly reducing amount of bitcoins miners have sell to keep operating.
That is effectively one of the things ETH 2.0 is bringing to the table. It will also result in lower issuance, a rapid increase in network scaling. This is a very exciting development for cryptocurrencies as a whole, and if the implementation is successful there are a lot of reasons to believe it will catapult Ether's price. If you are a maximalist (on either side of the fence), please consider hedging your investment. It is a responsible approach specially when dealing with a highly speculative and volatile asset class. Cheers!
11-13 15:42 - 'Sold out of B*CH at high and want to use the proceeds to buy an ASIC to help make sure this crap never happens again. What’s the best ASIC for mining BTC that’s around $1k?' (self.Bitcoin) by /u/trivial_sublime removed from /r/Bitcoin within 5-15min
08-13 15:22 - 'You could donate some to a charity you believe in. You could buy ASIC mining equipment and mine more BTC to get richer. You could invest in some other businesses (restaurant, store, etc) or stocks. Or you could Buy gold and I w...' by /u/jefechi removed from /r/Bitcoin within 21-31min
''' You could donate some to a charity you believe in. You could buy ASIC mining equipment and mine more BTC to get richer. You could invest in some other businesses (restaurant, store, etc) or stocks. Or you could Buy gold and I would highly recommend buying silver right now. Also, you could help me pay my college tuition which is $1500 that financial aid won't cover :( College fund: 1MMKbYv3yqx1m4RNwEjA5VYjR7tqCjp5vr :D ''' Context Link Go1dfish undelete link unreddit undelete link Author: jefechi
[HASH RATE] Where's solid evidence that bitcoin's hashrate of 140 EH/s is much more than a group of miners could achieve?
What's the average amount of hash operations a supercomputer could do? Or an ASIC mining thing? And how do we know bitcoin's current hash rate is large enough that it would be way more expensive to buy all that equipment and do a 51% attack?
Hey BitcoinBeginners ! I am new to Bitcoin and don't really understand all this stuff. Basically there is this app I want to buy, but it costs around 15$ in Bitcoin. I was wondering how I could get started Bitcoin mining. I have a mid range gaming GPU and electricity is free. Also, how long do you think it will take to mine 15$ of Bitcoin? Thank you!
A week or so ago i finally bought into bitcoin trough an exchange. But id be interested in learning more and see what options there are for mining using my own pc (i have cheap electric) any place or videos that would teach me more of the in depth info about bitcoin?
Do people profit by mining anymore? If not why do people mine if it is no profit? If mining is profitable then how? I am looking at cost of different asic hardware. Even at bulk prices and with free electricity the online mining reward calculators still show a loss by never recovering the price of hardware. Or in a good situation just a cut even. Is mining on bitcoin now only reserved to the few elitist who manufacture asic machines? The claims that it is profitable because bitcoin value go up is invalid. Because at that case better off to just buy bitcoin and hodl instead of buying asic with it. Or if bought the hardware using bitcoin may never recover costs. How is lack of asic resistance not an issue?
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TOP 5 ASIC Coins to Mine in 2019 Profitability + Best ...
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