Anybody into cryptocurrency?

ME

National Team Player
Nov 2, 2002
5,502
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Guys Genesis Mining has just allowed new contracts for Ethereum mining - first time in a few months! Their mining is delayed - it starts 2 months after you order it, but trust me it is worth it :) :)


It's my most lucrative mining so far, I started over a year ago.


If you want to sign up then please use my affiliate code so that we both get a discount (5%) on hashpower:


https://www.genesis-mining.com/signup


My affiliate code is: hWN94y


Cheers!
Is cloud mining more cost-efficient than doing it yourself?
 
Nov 29, 2002
7,261
394
Is cloud mining more cost-efficient than doing it yourself?
Probably not, but a much better option for people who:

- don't have time
- don't want to have big electricity bills
- want to use their computers rather than having them humming away in the background!

By the way I set up a telegram group for guys from iranian forums who are interested in helping each other with crypto (asking question etc...):

https://t.me/cryptoversal
 

Pooya

Administrator, Technical Team Director
Staff member
Sep 23, 2004
33,420
743
Vancouver, Canada
www.IranSportsPress.com
Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs

Bitcoin price: cryptocurrency fears at boiling point as South Korea implements TRADING BAN

Indian banks are choking bitcoin exchanges by blocking payments and withdrawals
someone is really trying hard to drive down prices

-----
Not a good day for Crypto ...
 

ME

National Team Player
Nov 2, 2002
5,502
14
Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs

Bitcoin price: cryptocurrency fears at boiling point as South Korea implements TRADING BAN

Indian banks are choking bitcoin exchanges by blocking payments and withdrawals
someone is really trying hard to drive down prices

-----
Not a good day for Crypto ...
That someone would be the world's number one economy who won't let the power of petrodollar fade, and also would be the world's banking system who won't let their lucrative business go to some geeks!

If you ask me, they have not killed it yet because they don't want the domino crash on the world's economy. Currently the problem is contained and price changes are buffering, will be dealt with decisively when it's time and likely in a multi-step hits fashion.

Add to this the enormous and growing energy consumption for the mining, currently more than the country of Denmark and is projected to be a lot more in the future! It's like spending a good part of world's budget on printing money?

I am growing my doubts
 

A8K

Ball Boy
Oct 22, 2016
1,316
227
In recent years we were told the next world war is a cyber war. I wonder if some of the crypto theft is done by the governments and others are aware who's doing it but the pubic is in the dark.. half bil disappearing in 24 hours definitely is not a friendly game.
 

Pooya

Administrator, Technical Team Director
Staff member
Sep 23, 2004
33,420
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Vancouver, Canada
www.IranSportsPress.com
Also, FYI for all the users in North America, starting today, most financial institutions now mark Buying Crypto as "CASH ADVANCE" on your CreditCard, so you be charged insane Interest rate the min you make your purchase. Sites like CoinBase are effected the most (if you use your CC to purchase).
 

A8K

Ball Boy
Oct 22, 2016
1,316
227
title should be like 'anyone broke in cryptocurrencies?' I hope some made decent money and didn't risk profits. Only currency ruling now is uncertainty.

Many reason why it came down is mentioned but original irrational exuberance always regarded as fine analysis & due diligence. so 50k target was never realized.. LOL.

Indians been trying to control their finances better as they banned larger bills which is normally crime-tinged.
https://www.nytimes.com/2016/11/09/...cy-bills-for-now-n-bid-to-cut-corruption.html
 
Last edited:

Bache Tehroon

Moderator
Staff member
Oct 16, 2002
37,787
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DarvAze DoolAb
www.iransportspress.com
This is exactly why earlier in this thread I said investing in mining makes more sense than holding one or two coins. Computing power is actually a commodity. It can be used for different purposes. Blockchain is not going away, but many of these random coins will not be around much longer.

Pooya, now do you realize why mining firms do what they do? They will make money even in this environment.
 

Pooya

Administrator, Technical Team Director
Staff member
Sep 23, 2004
33,420
743
Vancouver, Canada
www.IranSportsPress.com
Pooya, now do you realize why mining firms do what they do? They will make money even in this environment.
Yes, I never said they dont make money, but mining Company has the infrastructure, WHY sell it to you for X , when they can mine themselves and make money ... the only reason could be, that the money they get from you is 100% secured while Crypto is not, which contradicts with your point, so even Mining there is a RISK !
 
May 9, 2004
14,799
91
General jaan, to chetori hamechizo midooni ? vaaghean ke to yek etefaghe tekrar nashodani hasti.
پویا جان خیلی ساده می توان گفت که ممکن نیست
ملیونها نفر بیایند و یک چیزی مثل مثلا بیکوین یا سهام داو جونز یا هرچیز دیگری رو بخرند و قیمت بره بالا همینطور
خوب فکرش رو بکن مثلا شما میری بیتکوین 10 هزار دلاری رو میخری و 15 هزاردلار میفروشی
اینجا 5 هزار دلار به جیب میزنی
درسته ؟
این پنج هزاری که به جیب زدی از کجا امده ؟
بجز از ان کسی که قیمت رو مثلا می بایستی بیست هزار دلار خریده باشه و روی 15 هزار فروخته باشه؟
یا ان کسی که تازه وارد شده
حالا فرض کن ملیونها نفر روی بیست هزار دلار خریده اند
یا اینکه می بایست به انهایی که در قیمت های پایین خریده اند ببازند
یا اینکه در اینده ملیونها نفر دیگه که مثلا با قیمت 30 هزار دلار می خرند خسارت میکنند
حالا باز اگر ان ملیونها نفر سی هزار خریدند و رفت و شد 40 هزار دلار برای اینکه این ده هزار دلار را به جیب بزنند می بایستی
مشتری 40 هزاری ان هم به تعداد خریدهای 30 هزار وجود داته باشد والا سقوط میکند
همینطور بگیر و برو
در اخر یک سیاه چال اقتصادی بوجود می اید که پولهای ملیونها نفر که در جایی که دیگر کسی برای خریدن وجود ندارد را می بلعد
تنها کسانی که استفاده میکنند انهایی هستند که با قیمت خوب خریده اند و بموقع فروخته اند
ولی مشکل اینجاست که کجا وقت خرید و کجا وقت فروش است
مثلا الان رسیده به هفت هشت هزار دلار امکان دارد اینجا بهرتین وقت برای خرید باشد و دوباره برود بیست و حتی سی هزار
یا نه همینجا هم فروختن بهرت باشد و بعد از چند ماه برسد دو هزار و سه هزار