• General

  • Crypto Currency - Believers Only

SHIB buying is responsible for ETH burning and the price rise so I’m all for other people plowing the life savings into SHIB 👍🏻

Serious question, what about setting up my own mining rig?

    benson for which crypto asset to mine?

    There is global shortage on hardware to mine as well so you’ll be paying through the nose to acquire some

      I just wanna get rich slowly. ETH or BTC I guess.

      Use the cheap leccy overnight.

        Places that make dedicated hardware supposedly mine coins using them until the next gen are ready to go then release them so you’re buying used hardware that’s already out of date.

        ETH is changing to proof of stake early next year so proof of work coin mining isn’t going to work for it any more.

        Does anyone know what’s going to happen when bit coin hits its token limit next year or so. How are bitcoin miners going to get paid to keep doing transactions?

          Wally It’s not going to be next year, more like mid 2040s, we are only at the 6.25 BTC halvening, long way to go yet!

          When it eventually happens, miners will make all of their profits from tx fees

            Transaction fees are currently paid in bitcoin though aye? What does it switch to?

              Wally It will continue to be Bitcoin, the users pay the fees remember

                Even though the fees are small now, fast forward to the 2030s when bitcoins price is in the millions, this is why miners will still be incentivised to keep the hash rate up.

                Very very clever design

                +ALERT/+/+ doge to the moon /+

                -ALERT/-/- doge to the moon /-

                  Amps His tweets don’t really have that much effect now which is good

                    a month later

                    If most of these cryptos aren’t the biggest fucking game of musical chairs, i will eat my hat. At some stage, a lot of poor cunts are going to left significantly out of pocket with absolutely fuck all squared to show for it! A proper sham for the majority of cases.

                      Si, read the thread title, believers only in here, no FUD allowed!

                      -si- Any new technology that comes along has a phase where every man and his dog tries to join in. Then as the industry matures, becomes more accepted and real growth starts, natural winners start to come out and the rest fall to the side and are forgotten about to the point there’s usually only two or three real options.

                      I agree that’s highly likely to happen here. That doesn’t mean the whole thing is going to collapse. I can’t see ETH or BTC going anywhere soon and there’s a lot of room for other more bespoke blockchains that offer something unique.