Let's talk about Cryptocurrencies

[Raekwon]

Originally Posted by DownhillGoat

Umm why?

The article I read, I will link one. Something to do with Child Porn allegations.

Need to link from my phone not work PC lol. Will edit

https://globalnews.ca/news/7514297/m...investigation/

[Winsor_Pilates]

Originally Posted by Raekwon

Visa and MasterCard just suspended payments to Pornhub. If history tells us anything the porn industry is a leader in determining technology outcomes like blu-Ray and VHS, they already accept Bitcoin and Litecoin (according to google) this might be the start of a big push towards accepting Bitcoin as a standard for payments. Imagine being an outdated payment transaction form and refusing to take money. I think it’s a big mistake on their part.

Oh sure, thats how you know they take Litecoin.

[DownhillGoat]

Originally Posted by Raekwon

Need to link from my phone not work PC lol.

Haha that's why I was asking instead of googling. Thanks.

[afc wimbledon]

I'm just impressed its Canadian!!

it's the only porn site I've ever heard of and its Canadian God damn it, warms the cockles of the heart, now giving it the nifty fifty is a patriotic act!!!

[JohnnyB]

https://www.bloomberg.com/amp/news/a...gital-currency

Sweden’s government will start exploring the feasibility of having the country move to a digital currency, marking another step into the unknown for the world’s most cashless society.

[Yoho]

https://twitter.com/user/status/1338155427809296384

[Yoho]

https://twitter.com/user/status/1339204619784818690

[Table 5]

$20K is nice, but I for one won't be truly satisfied till I see Jammies and AFC buying some bitcoin.

That will also be the sell signal.

[CaptainReboot]

Originally Posted by fundmark19

Don't forget TRX! Hopefully it will make me a billionaire one day if I don't forget about it.

Completely forgot about the TRX I owned. Had to log into Binance just now to make sure it was still there.

[afc wimbledon]

Originally Posted by Table 5

$20K is nice, but I for one won't be truly satisfied till I see Jammies and AFC buying some bitcoin.

That will also be the sell signal.

as a life long contrarion its not likely, airlines and Boeing is where its at!!

[dino7c]

Just here to point out the usual suspects scoffed at buying $1500 BTC earlier in this thread

BTC over 30K Canadian...I called 20k by Xmas so I was off

[JohnnyB]

From the SCMP a few days ago, on China's digital currency.

Driven by latest blockchain technology, China’s digital currency does not require a bank account. This has huge poverty-relief potential for the unbanked poor across the globe.

As Chinese banking authorities have full control, the digital currency will help combat illicit financial transactions. The financial data will facilitate the formulation and execution of monetary policies.

https://amp.scmp.com/comment/opinion...-trap-and-help

Edit: also, looking like btc will pass $30,000USD any day now.

[CaptainReboot]

With the run that BTC is having, decided to fire up the mining rig to see if it was worthwhile again. I was running this in 2018 until BTC took a dive.

2 x Xeon E5-2680 processors (16 cores)
2 x GTX 1060 6GB cards

Profitability averages around $3.30 a day with the above setup. So $100 a month (before power) for just leaving it on isn’t bad. Still need to figure out exact power costs, but I estimate it to be around $25 a month, based on the last time I did this, and used a smart plug that had power measurements.

Most of my BTC portfolio was mined and just grew, especially with the current run, so I’m hoping things repeat itself.

[karl262]

Anyone else into staking Cardano? Just got my first block rewards in the last epoch, its pretty neat!

Sent from my SM-G973W using Tapatalk

[JohnnyB]

Originally Posted by karl262

Anyone else into staking Cardano? Just got my first block rewards in the last epoch, its pretty neat!

Sent from my SM-G973W using Tapatalk

What are you using to stake it?

[karl262]

I'm using yoroi

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[Yoho]

https://twitter.com/user/status/1345344269612060672

[Top Shelf]

Is it worth it anymore to setup a Bitcoin mining rig? Have thought about it a few times but not sure on the math

[Krovikan]

Originally Posted by Top Shelf

Is it worth it anymore to setup a Bitcoin mining rig? Have thought about it a few times but not sure on the math

Even at the height of Ethereum when it was worth a fortune to mine, I wish I had invested that money in currency instead of mining equipment.

In my opinion mining is never worth it compared to coin investment. It also gets even better now that we have cryptocurrency proxies on the major stock markets. As you can invest in them in your TSFA, and not get capital gain taxes that you would on a direct investment.


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[CaptainReboot]

Originally Posted by Top Shelf

Is it worth it anymore to setup a Bitcoin mining rig? Have thought about it a few times but not sure on the math

It depends. I wouldn’t go out an buy video cards now, and would just invest that money directly into the crypto, but I already had this stuff, so it was already purchased, except for my 2nd video card.