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Ke1t

The Cryptos

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12 hours ago, Ke1t said:

Proper bloke movie. 

Kurt Russell and Powers Boothe were supposed to be the two main characters, but Kilmer and Biehn stole the show. 

Fucking brilliance... 

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"Let's have a spelling contest"

🤣

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Kinda not since one of them ends up looking into the eyes of his killer.

Or his huckle bearer.

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I’ll be investing in the coming days. Just a modest amount that I’d be comfortable losing. Looks like one hell of a ride.

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33 minutes ago, rocket_scientist said:

 That's fucking mental

Do you understand now then? 

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1 hour ago, rocket_scientist said:

Understand what?

And "now" suggests I've just learned it, whatever it was I didn't know before. 

Was just taking the piss about when I said “I don’t think you understand how volatile they are” and you had a wee rant. 
 

Glad they are doing well for you. 

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We got arselves a yella belleh ^

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44 minutes ago, rocket_scientist said:

 

He's up more than a third in six weeks on the coin you told us to avoid. 

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.

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Just now, rocket_scientist said:

Two reasons to jump in;

1. They're advertising trading platforms on telly (means it's working)

2. The establishment are discouraging us, throwing up sob stories and telling us to exercise great caution (means it's working)

Coin base IPO will bring a decent amount of press too. 

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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 

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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. 

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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?

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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.

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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.

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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. 

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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?

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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

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Posted (edited)

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.
 

Edited by Hagi's pubic hair
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42 minutes ago, Redforever86 said:

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.

Conflict. Engage. Sick in the head. Conflict. Something something something. You are not right. Always causing conflict. Conflict conflict engage conflict.

Repeataments. Often. Etc.

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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. 

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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 

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2 minutes ago, Sooper-hanz said:

Basic maths Poodzo.  Look at it again . Once you get your head around the concept it’s a piece of piss. 

You mined much son?

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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 “

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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.

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So for you to mine, do you actively do sums? That sounds rubbish 

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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. 

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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. 

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Posted (edited)
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.

Edited by YorkDon

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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.

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