Cyprus-Forum.com

by **Get Real!** » Sat Apr 17, 2021 2:43 pm

I recall several times when some individuals were fooled into thinking they had “broken away” from government control, including...

• When the Internet surfaced some thought they had found “freedom of speech” and that they could say or post whatever they wanted without the government interfering... NOW REGULATED!

• When little flying drones first surfaced some thought they had found freedom of the skies and they could just fly these little things around equipped with cameras and spy on whatever they wanted... NOW REGULATED!

• When online payment systems like PayPal surfaced some thought they could conduct online businesses and earn a profit without paying taxes... NOW REGULATED!

• When crypto currencies showed up some thought they had found freedom of earning and spending, and that the government could never touch them... NOW BEING REGULATED!

• When laser beams first came out youngsters thought they had discovered long-range penetrating power to disturb others for their entertainment... NOW REGULATED!

It’s always the same foolish crowd that thinks they can “break away” from government control and expand their horizons... :lol:

...they never learn!

by **Paphitis** » Sat Apr 17, 2021 3:01 pm

miltiades wrote:They sure made you dance like a ...clown !!
Did you not , some time back, say that their " culture" is far ...superior to the West? I inde4stand that ....stoning is still rampant there. Also
..limb surgery !! Some fucking culture.

And yet, as you pointed out, their laws are tough. Yes they have amputations and beheadings. Well, I can’t say that it is a good thing.

But there are advantages and benefits.

Fir instance. In our western world, thieves, rapists and criminals are in abundance. Hun violence, knife attacks, sexual harassment, rape, murder, gangs and other such debauchery. Plus drugs. Cockiness, Crystal Meth, Heroin abs much more.

Not in Saudi Arabia. Not in Saudi Arabia.

Them executing and amputating limbs of criminals isn’t culture. It’s called Capital Punishment, it also exists in many states in America - electric char, gas chamber or lethal injection.

In Chy-na it’s the firing squad.

So what difference does it make? All these means of execution are what they are suppose to be - lethal.

Hopefully with the least amount of suffering and pain. I can’t attest to which method achieves that. But vegeafing looks to be swift and very quick. Is it the most humane? I don’t know. Probably the firing squad is. Or lethal injection if it puts you to sleep. Who knows.

But Saudi law does seem to be very effective as a deterrent to crime. Or it’s the culture that reigns it in, which means we can say a lot of things about their culture which is positive as opposed to our culture of debauchery.

by **Maximus** » Sat Apr 17, 2021 3:30 pm

Crypto is just become another medium of exchange that is slowly being absorbed in to the existing financial fold.

You cant unplug from the regulated financial system entirely,

At the moment, crypto is somewhat and only partially running in parallel but you have to switch lanes from Crypto to the regulated financial system at some point because you cant live 100% off of Crypto.

Crypto is just like any other asset, it cant live entirely by itself.

Even the miners that support the whole system have to pay their electricity bills in fiat currency.

by **Paphitis** » Sat Apr 17, 2021 4:15 pm

erolz66 wrote:
Maximus wrote:Each time it went higher, I hesitated from buying some because I was anticipating the top and the bubble to pop.

I talk myself out of buying at all time high around 500 usd per coin, using the same logic as you but its then that I started to really watch the market and educate myself about crypto, as I watched it peak at 5k per coin and then drop back to around 3.5k, which is when I first bought in. Personally I think there is more chance of a further 10 times increase than 10 times decrease. I have sold some of my stake, around 15%, on this recent rise and will buy back again as and when it falls back again.

I’d be interested in learning about BTC mining.

Or as I understand it, you don’t actually mine BTC. You mine other coins like Therium which you can convert to BTC. May take a long time to get 1 BTC at current prices.

But better off mining it than investing at those prices.

How much in fiat terms can you mine per day? And what are the coats in electricity and hardware?

How can you maximise your mining?

And finally, how do you do it? Like a step by step guide. With videos or a check list of what to do.

Even if you open a new thread.

by **Maximus** » Sat Apr 17, 2021 4:55 pm

Paphitis wrote:
erolz66 wrote:
Maximus wrote:Each time it went higher, I hesitated from buying some because I was anticipating the top and the bubble to pop.

I talk myself out of buying at all time high around 500 usd per coin, using the same logic as you but its then that I started to really watch the market and educate myself about crypto, as I watched it peak at 5k per coin and then drop back to around 3.5k, which is when I first bought in. Personally I think there is more chance of a further 10 times increase than 10 times decrease. I have sold some of my stake, around 15%, on this recent rise and will buy back again as and when it falls back again.

I’d be interested in learning about BTC mining.

Or as I understand it, you don’t actually mine BTC. You mine other coins like Therium which you can convert to BTC. May take a long time to get 1 BTC at current prices.

But better off mining it than investing at those prices.

How much in fiat terms can you mine per day? And what are the coats in electricity and hardware?

How can you maximise your mining?

And finally, how do you do it? Like a step by step guide. With videos or a check list of what to do.

Even if you open a new thread.

I dont know much about it,

but what I do know is the cost to mine bitcoin varies from country to country because it is partly dependent on electricity rates. If you can connect that to solar, you get some of competitive advantage.

It also depends on hardware performance. You need some significant computing power running 24/7.

In Australia, it costs about $10,000 to mine a single bitcoin, according to Market Watch.

Which is very good given the current price of bitcoin. its about 600% return. Given that the price is volatile as well, that ROI could probably half in a relatively short period of time too. Still though, its not bad. But here is the challenge,

The costs to enter this space are getting higher and the competition is on another level too. Although it is relatively easy for someone to do it from their garage its still easy to fail. its not simply a case of turning on your computer and contributing processing power to the network. You are competing with others, going after a finite commodity and who probably have more processing power that you,

Furthermore, since only a given amount will ever be able to be mined, it gets tougher as the years go by. Bitcoins half life is about 4 years. Which means that every 4 years, only half the number of bitcoins will be able to be mined compared to the previous 4 years.

https://www.marketwatch.com/story/heres ... 2018-03-06

by **Paphitis** » Sat Apr 17, 2021 4:59 pm

Maximus wrote:
Paphitis wrote:
erolz66 wrote:
Maximus wrote:Each time it went higher, I hesitated from buying some because I was anticipating the top and the bubble to pop.

I talk myself out of buying at all time high around 500 usd per coin, using the same logic as you but its then that I started to really watch the market and educate myself about crypto, as I watched it peak at 5k per coin and then drop back to around 3.5k, which is when I first bought in. Personally I think there is more chance of a further 10 times increase than 10 times decrease. I have sold some of my stake, around 15%, on this recent rise and will buy back again as and when it falls back again.

I’d be interested in learning about BTC mining.

Or as I understand it, you don’t actually mine BTC. You mine other coins like Therium which you can convert to BTC. May take a long time to get 1 BTC at current prices.

But better off mining it than investing at those prices.

How much in fiat terms can you mine per day? And what are the coats in electricity and hardware?

How can you maximise your mining?

And finally, how do you do it? Like a step by step guide. With videos or a check list of what to do.

Even if you open a new thread.

I dont know much about it,

but what I do know is the cost to mine bitcoin varies from country to country because it is partly dependent on electricity rates. If you can connect that to solar, you get some of competitive advantage.

It also depends on hardware performance. You need some significant computing power running 24/7.

In Australia, it costs about $10,000 to mine a single bitcoin, according to Market Watch.

Which is very good given the current price of bitcoin. its about 600% return. Given that the price is volatile as well, that ROI could probably half in a relatively short period of time. Still, its not bad. But here is the challenge,

The costs to enter this space are getting higher and the competition is on another level too. Although it is relatively easy for someone to do it from their garage its still easy to fail. its not simply the case of turning on your computer and contributing processing power to the network.

Furthermore, since only a given amount will ever be able to be mined, it gets tougher as the years go by. Bitcoins half live is about 4 years. Which means that every 4 years, only half the number of bitcoins will be able to be mined compared to the previous 4 years.

https://www.marketwatch.com/story/heres ... 2018-03-06

So it’s too late then?

I can’t even conceive that leaving a computer on 24/7 will cost 10000 in electricity. But in any case, haven’t really studied what the energy cost of computers really are. I just pay the bill. :lol:

Mi have however made everything in my hone very smart and high tech with energy saving LED lightings and green energy. So I could leave the lights on all the time. :lol:

by **Maximus** » Sat Apr 17, 2021 5:00 pm

Paphitis wrote:
Maximus wrote:
Paphitis wrote:
erolz66 wrote:
Maximus wrote:Each time it went higher, I hesitated from buying some because I was anticipating the top and the bubble to pop.

I talk myself out of buying at all time high around 500 usd per coin, using the same logic as you but its then that I started to really watch the market and educate myself about crypto, as I watched it peak at 5k per coin and then drop back to around 3.5k, which is when I first bought in. Personally I think there is more chance of a further 10 times increase than 10 times decrease. I have sold some of my stake, around 15%, on this recent rise and will buy back again as and when it falls back again.

I’d be interested in learning about BTC mining.

Or as I understand it, you don’t actually mine BTC. You mine other coins like Therium which you can convert to BTC. May take a long time to get 1 BTC at current prices.

But better off mining it than investing at those prices.

How much in fiat terms can you mine per day? And what are the coats in electricity and hardware?

How can you maximise your mining?

And finally, how do you do it? Like a step by step guide. With videos or a check list of what to do.

Even if you open a new thread.

I dont know much about it,

but what I do know is the cost to mine bitcoin varies from country to country because it is partly dependent on electricity rates. If you can connect that to solar, you get some of competitive advantage.

It also depends on hardware performance. You need some significant computing power running 24/7.

In Australia, it costs about $10,000 to mine a single bitcoin, according to Market Watch.

Which is very good given the current price of bitcoin. its about 600% return. Given that the price is volatile as well, that ROI could probably half in a relatively short period of time. Still, its not bad. But here is the challenge,

The costs to enter this space are getting higher and the competition is on another level too. Although it is relatively easy for someone to do it from their garage its still easy to fail. its not simply the case of turning on your computer and contributing processing power to the network.

Furthermore, since only a given amount will ever be able to be mined, it gets tougher as the years go by. Bitcoins half live is about 4 years. Which means that every 4 years, only half the number of bitcoins will be able to be mined compared to the previous 4 years.

https://www.marketwatch.com/story/heres ... 2018-03-06

So it’s too late then?

I can’t even conceive that leaving a computer on 24/7 will cost 10000 in electricity. But in any case, haven’t really studied what the energy cost of computers really are. I just pay the bill.

One computer? no :lol:

Think of how many computers you need.

by **Paphitis** » Sat Apr 17, 2021 5:01 pm

Maximus wrote:
Paphitis wrote:
Maximus wrote:
Paphitis wrote:
erolz66 wrote:
Maximus wrote:Each time it went higher, I hesitated from buying some because I was anticipating the top and the bubble to pop.

I talk myself out of buying at all time high around 500 usd per coin, using the same logic as you but its then that I started to really watch the market and educate myself about crypto, as I watched it peak at 5k per coin and then drop back to around 3.5k, which is when I first bought in. Personally I think there is more chance of a further 10 times increase than 10 times decrease. I have sold some of my stake, around 15%, on this recent rise and will buy back again as and when it falls back again.

I’d be interested in learning about BTC mining.

Or as I understand it, you don’t actually mine BTC. You mine other coins like Therium which you can convert to BTC. May take a long time to get 1 BTC at current prices.

But better off mining it than investing at those prices.

How much in fiat terms can you mine per day? And what are the coats in electricity and hardware?

How can you maximise your mining?

And finally, how do you do it? Like a step by step guide. With videos or a check list of what to do.

Even if you open a new thread.

I dont know much about it,

but what I do know is the cost to mine bitcoin varies from country to country because it is partly dependent on electricity rates. If you can connect that to solar, you get some of competitive advantage.

It also depends on hardware performance. You need some significant computing power running 24/7.

In Australia, it costs about $10,000 to mine a single bitcoin, according to Market Watch.

Which is very good given the current price of bitcoin. its about 600% return. Given that the price is volatile as well, that ROI could probably half in a relatively short period of time. Still, its not bad. But here is the challenge,

The costs to enter this space are getting higher and the competition is on another level too. Although it is relatively easy for someone to do it from their garage its still easy to fail. its not simply the case of turning on your computer and contributing processing power to the network.

Furthermore, since only a given amount will ever be able to be mined, it gets tougher as the years go by. Bitcoins half live is about 4 years. Which means that every 4 years, only half the number of bitcoins will be able to be mined compared to the previous 4 years.

https://www.marketwatch.com/story/heres ... 2018-03-06

So it’s too late then?

I can’t even conceive that leaving a computer on 24/7 will cost 10000 in electricity. But in any case, haven’t really studied what the energy cost of computers really are. I just pay the bill.

One computer?