Dons79 Posted April 13, 2021 Share Posted April 13, 2021 1 minute ago, Redforever86 said: I’m not against any coin short-mid term, but I do think some are better than others particularly long term. Article in the economist last Thursday “Despite the currency’s democratic ambitions, mining is concentrated among a handful of professional operators. About 70% takes place in China. The researchers use economic modelling to try to work out how much carbon all this make-work produces. They conclude that, without regulation, Chinese bitcoin mining could consume around as much energy as Italy or Saudi Arabia by 2024. Annual carbon emissions, at 130m tonnes, would approach those of Nigeria.” With all banks and big investment Corps aiming to become “green” I can’t see them getting to involved in BTC long term. Doesn’t mean it won’t double or more before that haha. China’s economic forecast compared to the rest of the markets in the next 10 years is staggering, coupled with the fact that they have made a market now that is bigger than the euro is also staggering, China couldn’t care less about emissions either so the happiest of days for the investors me thinks!, genuinely think some of the crypto currencies will make some investors millionaires before it inevitably comes crumbling down,but the forecasts trends will pick this up. Then it’s sell sell sell Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 10 minutes ago, rocket_scientist said: Bitcoin mining? Carbon emissions? Why can't you engage like an adult? Why always the smart arse angle? You need bitcoin mining for the currency to function. Mining bitcoin requires massive energy use, hence large carbon emissions. What's your issue? I genuinely try to be extra civil because like the majority (yes the fucking majority I do speak for them) I can't be arsed with your epic rants. 2 Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 1 minute ago, rocket_scientist said: You believe that? Holy fuck. Yes. Can you point me to anyone who does enjoy your 500 word hourly novellas? Can you understand the other points? Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 1 minute ago, rocket_scientist said: You're a wrong un. You blame me for you being a wrong un but you only have yourself to blame. You BoD are the weegies of the NE. It's not everyone of course from BoD or the weege but you're a beaut. It wasn't spitting in your customer's food. It was you not knowing how bad it made you look. For some people, it's ok to spit in their food as a minimum. You didn't know to provide the reason. Like the weegie on this thread, you're so expert and like him, you never thought to share your long-held expertise for the benefit of other NE men. You checked out of life. I reckon life checked out on you. Sick cunt. Self-centered bastard. So you pulled me up about bitcoin mining producing carbon emissions? I pointed out how you were talking shite. Then off you go. Yi deflect more than the huns yi auld zoomer. Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 Just now, rocket_scientist said: You believe the electricity and the "mining". Perhaps it's another establishment false flag? Did this never occur to you? I wasn't talking about the personal stuff that you've shoehorned into the conversation. Nobody cares about that shit. You genuinely don't believe bitcoin are mined? Using fucking graphics cards and high end computers? Or you think the Chinese power all these computers with wee gerbils running on wheels. OR do you think there are no computers and the Chinese dig the bitcoin out the ground wi their wee hands? Personal shite? You are the only one on her who ever makes anything personal. Gie up. Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 1 minute ago, rocket_scientist said: It's a made up story and you swallowed it. How are bitcoin created then? How does the ledger get updated? ZOOOOOOOOMER. Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 7 minutes ago, rocket_scientist said: This was today's failed attempt at smartarseness. You can't help yourself. You're a sad man, a horrible nasty cunt. How are bitcoin created if they aren't mined? Link to comment
Poodler Posted April 13, 2021 Share Posted April 13, 2021 Just had a look at Bitcoin Mining. what the actual fuck is that all about. Solve a difficult maths puzzle for digital money. This stuff makes me feel as thick as Manboobs 1 Link to comment
Hagi's pubic hair Posted April 13, 2021 Share Posted April 13, 2021 Mining bitcoin is so hard to do now due to the hardware required and the output to power is expensive, pretty sure you wont get away with mining Bitcoin now on an average GPU setup, you need special built rigs for this now. There are other coins you can mine that are less expensive and can be done on pretty average GPU's, but you need a lot of them to make it worthwhile. You are looking at anything around £300 = for an average GPU and to mine effectifly you would probably need to go more, the graphics card industry is now just a license to print money. I have looked at mining, built a decent rig for it, just never got started. 2 Link to comment
Sooper-hanz Posted April 13, 2021 Share Posted April 13, 2021 17 minutes ago, Poodler said: Just had a look at Bitcoin Mining. what the actual fuck is that all about. Solve a difficult maths puzzle for digital money. This stuff makes me feel as thick as Manboobs Basic maths Poodzo. Look at it again . Once you get your head around the concept it’s a piece of piss. Link to comment
Poodler Posted April 13, 2021 Share Posted April 13, 2021 I don’t understand all the graphics card nonsense. Doesn’t sound easy in the slightest. Stopped paying a pension - extra few hunner in the hipper, that’s winning Link to comment
Sooper-hanz Posted April 13, 2021 Share Posted April 13, 2021 47 minutes ago, rocket_scientist said: You're a wrong un. You blame me for you being a wrong un but you only have yourself to blame. You BoD are the weegies of the NE. It's not everyone of course from BoD or the weege but you're a beaut. “ I better put in this cringe disclaimer in case I offend the cool guys that I desire to anally penetrate “ Link to comment
YorkDon Posted April 13, 2021 Share Posted April 13, 2021 I’m “invested” in a new crypto developed by a group of Stanford graduates. I’m almost certain it won’t make me rich, but for a few seconds of my time every day, to log on and “mine”, it’s very low risk and unobtrusive. If anyone wants to get on board, pm me and I’ll send you an invite. Link to comment
Poodler Posted April 13, 2021 Share Posted April 13, 2021 So for you to mine, do you actively do sums? That sounds rubbish Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 11 minutes ago, Poodler said: So for you to mine, do you actively do sums? That sounds rubbish No, your computer does it. As Hagi said you need a mental PC. In the case of Yorkie I presume it's an organisation taking over the power of his PC and pooling it into a large group, and he's get a small fraction of any coins they mine. Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 24 minutes ago, Roberto said: Conflict. Engage. Sick in the head. Conflict. Something something something. You are not right. Always causing conflict. Conflict conflict engage conflict. Repeataments. Often. Etc. Ach he will get his meds afore his tea and be chilled out in a bit. Link to comment
YorkDon Posted April 13, 2021 Share Posted April 13, 2021 3 minutes ago, Redforever86 said: No, your computer does it. As Hagi said you need a mental PC. In the case of Yorkie I presume it's an organisation taking over the power of his PC and pooling it into a large group, and he's get a small fraction of any coins they mine. Pretty much the way I read it, tho they claim they eventually want it to become a tradeable currency-like they all do I suppose. It’s just a smartphone app that takes seconds to use on a daily basis. Link to comment
Hagi's pubic hair Posted April 13, 2021 Share Posted April 13, 2021 2 minutes ago, Redforever86 said: No, your computer does it. As Hagi said you need a mental PC. In the case of Yorkie I presume it's an organisation taking over the power of his PC and pooling it into a large group, and he's get a small fraction of any coins they mine. Thats how it works, you configure your CPU/GPU as there are still coins that can be mined using the CPU, to share a % of resources to mining and this gets added to a larger pool, and then basically leave it running till it catches fire, or you go broke. Link to comment
Hagi's pubic hair Posted April 13, 2021 Share Posted April 13, 2021 2 minutes ago, YorkDon said: Pretty much the way I read it, tho they claim they eventually want it to become a tradeable currency-like they all do I suppose. It’s just a smartphone app that takes seconds to use on a daily basis. I think it is heading in a positive direction, not quick enough though, there are loads of mainstream business that will accept digital currency now, and with that prick Musk buying into it big time a couple of months ago it has giving the industry a shot in the arm in terms of credibility. Link to comment
Sooper-hanz Posted April 13, 2021 Share Posted April 13, 2021 31 minutes ago, Dad said: You mined much son? Not one bit but I get the concept of it. It's exploitative exploration but with rewards that favour all parties if done well. Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 4 minutes ago, rocket_scientist said: Your computer does nothing. An App tracks the value of your chosen coins. You, me and 99.9% of us don't "mine". We just invest, watch and decide when to cash out, partially if desired. The weegie and weegie-type BoD are just trying to make themselves look ITK, a very common condition on these forums. We are talking about mining not investing you fucking dough ball. 1 Link to comment
YorkDon Posted April 13, 2021 Share Posted April 13, 2021 3 minutes ago, Hagi's pubic hair said: I think it is heading in a positive direction, not quick enough though, there are loads of mainstream business that will accept digital currency now, and with that prick Musk buying into it big time a couple of months ago it has giving the industry a shot in the arm in terms of credibility. Time will tell how much of a place crypto will have in the future, but as you say Elon has upped the ante somewhat. Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 Me and the mutants aff down the shaft to mine some Cardano. Parkie far right. Link to comment
Sooper-hanz Posted April 13, 2021 Share Posted April 13, 2021 7 minutes ago, rocket_scientist said: Your computer does nothing. An App tracks the value of your chosen coins. You, me and 99.9% of us don't "mine". We just invest, watch and decide when to cash out, partially if desired. The weegie and weegie-type BoD are just trying to make themselves look ITK, a very common condition on these forums. I never claimed to be an expert, far from it. I understand the basics. It's just another form of gambling. Link to comment
Sooper-hanz Posted April 13, 2021 Share Posted April 13, 2021 RF made some great points. I thought he was trying to be helpful. Link to comment
Hagi's pubic hair Posted April 13, 2021 Share Posted April 13, 2021 3 minutes ago, rocket_scientist said: But you confused a poster with your ITK pretend expertise shite. 99.9% of folk don't mine and never will. You and the only other pretend expert on here (before today, when a real expert or two who do appear to be ITK may have turned up) didn't once help anyone thinking of making a quick buck. All the two of you did was to post how ITK you are. You will find the 99.9% number to be a tad high, but I get the point, the IT and other tech industries is full of people mining nad has been for the last decade, it is these people that have managed to get this far into mainstream so epople like you who are not ITK can hear about it and engage. Link to comment
Hagi's pubic hair Posted April 13, 2021 Share Posted April 13, 2021 15 minutes ago, rocket_scientist said: Yes it was an exaggeration to make the point. I know zero % of people who mine and having been tipped off by a mate last month, I've jumped on and know of half a dozen others so far who are new investors. The volatility is staggeringly brilliant. It's obviously traders rather than investors influencing the prices. Do you trade in crypto yourself? I thought I would take some out after I'd doubled or tripled up (IF it did and on current form, it's not going to take long) but I really don't see the point of not letting it roll. Is it a good idea to have a wide number of coins invested in? I've already doubled my stake and was thinking of buying some different coins. I played around years ago, then got distracted, but I am looking to get back, my preference is mining, but my interest is probably more to do with the tech than actually making money from it, given how much I would need to invest in rigs to make it worthwhile. The monero coin is getting good vibes and can easily be mined on a half decent PC for fun. Link to comment
Redforever86 Posted April 13, 2021 Share Posted April 13, 2021 32 minutes ago, rocket_scientist said: But you confused a poster with your ITK pretend expertise shite. 99.9% of folk don't mine and never will. You and the only other pretend expert on here (before today, when a real expert or two who do appear to be ITK may have turned up) didn't once help anyone thinking of making a quick buck. All the two of you did was to post how ITK you are. The only person I confused was yourself. I’ve already stated I’m not an expert numerous times. Help others? Aye, I never told them to invest their hard earned cash in a volatile asset class that you just stated I am not an expert in. Apologises. Here’s a tip for you to make a quick buck. Sell your organs to someone who fucking deserves them you fucking waste of skin. 3 Link to comment
Poodler Posted April 13, 2021 Share Posted April 13, 2021 4 minutes ago, Roberto said: Creepy little bastard. Ach Mobby is alright Link to comment
Don Fonte Posted April 13, 2021 Share Posted April 13, 2021 1 hour ago, Dad said: You mined much son? The only thing you've mined is marmite you creepy old cunt. Link to comment
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