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Other Cryptocurrency

Discussion in 'General' started by MLyons, 6 Dec 2017.

  1. rollo

    rollo Modder

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    anyone who got in on shiba made a tidy penny, And anyone who escaped doge in the 50s also did too. Eth will eventually return to £2k mark once the shift away from GPUS kicks in
     
  2. MLyons

    MLyons 70% Dev, 30% Doge. DevDoge Staff Administrator Super Moderator Moderator

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    David likes this.
  3. sandys

    sandys Multimodder

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    I was pretty much using it as a way to stress test my passive x570 and Ryzen giving the chipset quite a thrashing due to loading all the SSDs both SATA and NVMe and of course the CPU, quite happy with the passive chipset but my No FAN cooler on 8c/16t even underclocked is borderline.

    Interesting little experiment with Chia.

     
    BeauchN, Arboreal and wyx087 like this.
  4. Arboreal

    Arboreal Keeper of the Electric Currants

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    Thanks @sandys, I thought Chia would be too good to be true, and that video was a great insight into the resources required on an ongoing basis.
    Not for me, but still interested in the crypto arena to see how it develops and progresses.
     
  5. BeauchN

    BeauchN Modder

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    It’s a good video for anyone thinking of getting in to it, especially given the green-washing attempt in Chia’s advertising. I’d already come to similar conclusions on the need to keep churning out plots to stay competitive and the associated costs to do so (electricity, temp drive SSDs and mass storage).

    That said, I’m still going to create a few hundred plots and see what happens. But at the moment I doubt I’ll go much further.
     
  6. rollo

    rollo Modder

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    Its basically playing the lottery, you might win but chances are your not going too
     
  7. David

    David μoʍ ɼouმ qᴉq λon ƨbԍuq ϝʁλᴉuმ ϝo ʁԍɑq ϝμᴉƨ

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    OK, so I was going to move ~ 0.04 ETH from NH to Coinbase and got this message:

    Warning! High Network Fee due to current blockchain conditions.

    The fee was almost 90%

    Obviously, I didn't do it, but wut-teh-akchewal-fuq?
     
  8. rollo

    rollo Modder

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    Elon musk tweet just removed $5000 off Bitcoin, this could be a very red night

    they don’t want people moving stuff around anymore so are charging ludicrous fees, virtually all sites have high fees now
     
  9. el2k

    el2k Modder

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    I'll take it off your hands :thumb:
     
  10. David

    David μoʍ ɼouმ qᴉq λon ƨbԍuq ϝʁλᴉuმ ϝo ʁԍɑq ϝμᴉƨ

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    Wasn't going to sell. I just wanted to move it to my Coinbase wallet - Nicehash has been flaky as fug over the last few days, and my move coincided with Elon fcuking with the crypto markets again.
     
  11. Goatee

    Goatee Multimodder

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    Bet your are feeling good right now... :clap:
     
  12. fix-the-spade

    fix-the-spade Multimodder

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    Elon Musk did something, so hike up the fees and hope the panicky idiots aren't looking.
     
  13. BeauchN

    BeauchN Modder

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    I was initially surprised that Musk's tweet had such an impact as, after all, it's not like he's dumping Bitcoin. But then I remembered a lot of the people getting in because of the hype probably aren't sane rational people who pay attention to details like that.

    We'll probably find that Musk uses the dip to buy in another $bn or two... which will send the price sky high again...
     
  14. bawjaws

    bawjaws Multimodder

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    I guess this is one of the things that bothers me about some crypto - it seems to be very susceptible to market manipulation and I can't help but feel that that's just a way for rich people to get richer and smaller players to lose out.

    If everyone is going in with their eyes wide open then fair enough, but I'm not sure that everyone is doing that - like any other speculative bubble there are going to be a lot of people caught up in it who lose out.
     
  15. Mr Happy

    Mr Happy 4 8 15 16 23 42

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    Brand new to the world of crypto. I have trawled through this thread and realised a lot of folk are mining, which seems expensive.

    Is coinbase worth looking at? I think i am going to look more into this.
     
  16. GeorgeStorm

    GeorgeStorm Aggressive PC Builder

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    Replace crypto with anything and it's still correct :)

    You'll get those who become millionaires, and makes everyone else think that can be them, but for most it won't be all rainbows and unicorns.
     
  17. MLyons

    MLyons 70% Dev, 30% Doge. DevDoge Staff Administrator Super Moderator Moderator

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    I took out an extra 450 in the end. Not worth the risk. I'll have a scout around for other projects saturday. I've been using pancake swap pools the last week or so and want to do more research to see if there are better ways to do it to make money
     
  18. rollo

    rollo Modder

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    For new people I would research what are called Safe coins, Things with real world implications. Avoid the Meme coins like Doge and Shib these are just legit gambling.
    you want 80-90% of your portfolio in safe stable coins, Might get 5-10% per year out of them but thats better APR than the bank. If you brought into Bitcoin last year just before christmas you would still be sitting at a 100% net gains.
    Hbar VET and ADA are all pretty stable and all have long term gains. Link is another, Eth and bitcoin both have real world usages so are also classed as stable

    Crypto market is very volatile, Elon musk tweets doge last night its gained 30% today.
     
  19. Omnislip

    Omnislip Minimodder

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    Shouldn't this make anyone with any serious money in crypto panic in a big way? That exchanges are going to literally stop them getting their money out when the crash starts?
     
    rollo likes this.
  20. Mr_Mistoffelees

    Mr_Mistoffelees The Rotary Cat.

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    I would not assume any cryptocurrency is safe and stable. Invest nothing that you cannot afford to lose.
     
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