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So, people keep mentioning Nist5 is profitable. By my estimation, people are spending $400k/day to mine it on Nicehash (.01 BTC/GH/s/day * 2750 GH/s * 1 day * $15000/BTC). The only substantial Nist5 coin I can find is Bulwark, which has a market cap of $33 million. Bulwark blocks are generated every 90 seconds, and each coin is ~$15, meaning a day's worth of coins is worth $15k. Even if my math is way over what's actually being paid, if this is for Bulwark it seems like a tremendous waste of money. Are there other, more promising Nist5 coins out there?
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Jan 15, 2018 04:27
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| # ¿ Apr 16, 2024 07:58 |
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Alpha Mayo posted:Yeah I wouldn't leave money in Coinbase right now. The market on GDax is being manipulated in extremely obvious ways, and they haven't said a word or done anything to stop it, so may even be in on it. I think a lot is about to go down in the near future. It apparently isn't extremely obvious because I have no idea what you're trying to show with that chart
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Jan 23, 2018 02:11
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That behavior makes perfect sense if you watch GDAX's order book at all and look at their fee structure.
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Jan 23, 2018 03:13
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If you have any more concrete observations I'd be interested to hear them. This stuff is quite interesting to me.
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Jan 23, 2018 16:55
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MaxxBot posted:My friend bought a $6k mining rig a month ago and he hasn't even got it fully working properly yet Lol what is with people dropping several grand as an "investment" and then just faffing about in actually turning it on. "Hmm my ROI is roughly 120 days, what's a couple months of sitting idle?" (Also I dislike how ROI has been redefined by miners as the time until the investment is hypothetically repaid)
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Feb 6, 2018 13:09
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Methylethylaldehyde posted:Natural Gas heating is about 3x more effective cost per thermal unit than electric. So if you need to heat your home in the winter, as long as the value per coin is more than 3x your electricity cost, you're making money turning your gaming rig into a very convoluted and complex space heater. The coins you mine could be worth less than the cost of electricity to mine them, while still being cheaper than natural gas. If the coins were worth just as much as the electricity to mine them, you'd be getting free heat. Unless natural gas is free as well, it can't be that cheap.
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Feb 7, 2018 13:45
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Hmm yeah why does this money transmitter ask so many questions? Shouldn't I be able to launder money however I see fit?
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Feb 17, 2018 15:20
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| # ¿ Apr 16, 2024 07:58 |
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It does not take 30 minutes for a computer to cool down
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Mar 1, 2018 01:57
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