March 05, 2021, 07:40:29 PM

Author Topic: Crypto Currencies?  (Read 4384 times)

Offline Derron

Re: Crypto Currencies?
« Reply #60 on: January 28, 2021, 06:05:29 PM »
I sold my bravely hold-for-dunno-2-years-or-so dogecoins .... bought for 0,001 to 0,002 ct per coin (bought 100.000 of them, cashed out when they were at 0,005, bought back etc ...) ... yeah, and sold again some weeks ago when it was at 0,0045 or so. Yeah. And today the beast got pumped to 0,028.
Would have given a nice reward If I stood brave :)

Dogecoin is the a coin I trade with USD. I also traded Ripple versus EUR. All other coins are traded versus BTC. This way I started with 50 dollars worth of BTC last spring and am now ... let's say I multiplied my value by 4000% (at BTC high, now it is a bit less).


So ... _if_ I had invested more... yeah. I am sure I would have gone "all out" way earlier and would have cried the "if I only had..." time way louder.


Trading the coins is done with only a handful of money so ... yeah, loosing it would still be a loss but thinking of what others spend for hobbies - and how much time I "enjoyed" staring at charts, seeing how press announcements come _after_ certain chart changes happened etc ... interesting stuff.


bye
Ron

Offline Xaron

Re: Crypto Currencies?
« Reply #61 on: January 29, 2021, 12:43:29 PM »
Someone's mining here? (I do a bit for ETH).

Offline Derron

Re: Crypto Currencies?
« Reply #62 on: January 29, 2021, 07:55:26 PM »
You know German power consumption raised to 0,30€/kWh ? I doubt anyone in Germany is mining if they have to pay for power consumption. So maybe in student's shared flats/apartments or university paid living "rooms".


bye
Ron

Offline Matty

Re: Crypto Currencies?
« Reply #63 on: January 29, 2021, 08:39:28 PM »
Good Morning.

Nice day today.

Question or thought about money.

I was looking at the serial numbers on bank notes obtained several weeks apart.

I had a thought:

There must be close to a million dollars in each ATM when they're full.  Maybe more.

If that's the case - and the money is both fresh new money and serialised - is it somehow 'activated' and has its value set in a database upon being discharged from the machine.

Otherwise....that's a lot of cash that is just sitting in boxes all over the country.

I could imagine some kind of electronic method of activating the serial numbers so that the value goes from 0 to the printed value on the notes in order to reduce risk of theft:eg if an atm was stolen and the money used but not activated it would not harm the bank in any way since its value was as yet unrecognized.
I eat cheese in the trees when its eight degrees

Online Steve Elliott

Re: Crypto Currencies?
« Reply #64 on: January 29, 2021, 09:16:55 PM »
Is this really a coding/game related theme?  One for the Secret Club Qube?  :)
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Offline Qube

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Re: Crypto Currencies?
« Reply #65 on: January 29, 2021, 11:56:30 PM »
Is this really a coding/game related theme?  One for the Secret Club Qube?  :)
Lol, General Discussion is an "Off Topic" forum.
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Online Steve Elliott

Re: Crypto Currencies?
« Reply #66 on: January 29, 2021, 11:58:59 PM »
lol fair enough, I just thought financial shenanigans was a bit of a stretch.
Windows 10 64-bit, 16Gb RAM, Intel i5 3.2 GHz, Nvidia GeForce GTX 1050 (2Gb)
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Offline Xaron

Re: Crypto Currencies?
« Reply #67 on: January 30, 2021, 07:32:11 AM »
You know German power consumption raised to 0,30€/kWh ? I doubt anyone in Germany is mining if they have to pay for power consumption. So maybe in student's shared flats/apartments or university paid living "rooms".


bye
Ron

Mining Ethereum is still profitable at that cost. ;) And some might have solar panels which lower that even more. And it's just some tiny stuff, computer is running anyway.

Offline Derron

Re: Crypto Currencies?
« Reply #68 on: January 30, 2021, 09:15:28 AM »
Mining Ethereum is still profitable at that cost. ;) And some might have solar panels which lower that even more. And it's just some tiny stuff, computer is running anyway.

Yes, if you own a house / ground with the ability to place some solar panels ... and you are not consuming the power, then it might be cheaper to mine cryptos than to send back your generated power into the "net" (think you get 8 or 9 Eurocent - 0,09€ - per kilowatt hour).
So it depends on hash rate, difficulty ... and the current exchange rate for your cryptos. So _now_ ETH might work well (dunno if difficulty rate increased much already).


In winter I see "mining" as a potentially more interesting thing - it heats your rooms ;)



@ Steve
It is not just about financial stuff - it is also about the technical (and of course also social) aspect of the coins. So it is not too far away from coding -- maybe a bit stretched yes.

Just think about how you might be able to avoid cheats in a game if you used a "block chain" for certain stuff - would it be viable (calculation/performance wise) ?


bye
Ron

Offline RemiD

Re: Crypto Currencies?
« Reply #69 on: January 30, 2021, 10:05:13 AM »
Quote
Is this really a coding/game related theme?

actually, crypto currencies (the protocols, the networks, the "mining", the management of transactions, the fluctuating value) are related to coding, maths, networking, and even speculation is somewhat related to simple maths...

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Offline RemiD

Re: Crypto Currencies?
« Reply #70 on: January 30, 2021, 10:10:20 AM »
Quote
Mining Ethereum is still profitable at that cost.
@Xaron>> what would be the specs of a good mining computer for etherum ?
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Offline Xaron

Re: Crypto Currencies?
« Reply #71 on: January 31, 2021, 10:18:34 AM »
Quote
Mining Ethereum is still profitable at that cost.
@Xaron>> what would be the specs of a good mining computer for etherum ?

Just a good graphics card. I mean mine is pretty mid range one, a 1066Ti but it has a great power to hashrate value which is about 100W for about 24MH/s. The 1070 and 1080 are pretty good for that as well.

But again: All in all it's really peanuts. With my 1066Ti it would be around €50 per month minus about €20 for the electricity if I have to pay 0.3€ per kWh. I just let it run when my computer runs anyway.

I have some friends, we started with a pool to all mine to the same address to reach the payout thresholds earlier, which are usually around 0.1ETH (so currently ~100€).

Beside that I put some money monthly into BTC and ETH. Just like another fonds.

Offline RemiD

Re: Crypto Currencies?
« Reply #72 on: February 14, 2021, 10:06:55 AM »
for crypto moneys enthusiasts :



this is my new low details humanoid (uvmapped, rigged, skinned, animated) to do some experiments when coding.
it is colored with different cryptos colors (btc, bch, xmr, eth, ada, dot, doge) and also gold and silver colors.

 ;D
DualCore AMD E-450, 1646 MHz - 6 Go DDR3 1333 SDRAM - AMD Radeon HD 6320 Graphics (384 Mo) - Windows 7 Home Premium - DirectX 11.0

 

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