Cryptocurrencies

Discussion in 'Yellow Pages' started by Cassetti's Beard, Jun 2, 2016.

  1. Arakel

    Arakel First Team

    I'm leaning towards leveraging this soon. It seems a good way to potentially take advantage of crypto's volatility without needing to keep your attention on the market at all times.
     
  2. wfcmoog

    wfcmoog Tinpot

    If you do, let me know. I think I can get $100 for a referral!
     
    Arakel likes this.
  3. wfcmoog

    wfcmoog Tinpot

    https://emberfund.app.link/3PTJDMHe9cb

    We both get 1% of amount invested, up to a max of $100 (paid in BTC)
     
    Arakel likes this.
  4. Bonkingbob

    Bonkingbob First Year Pro

    Is anybody here interested in the tech side of things? Do you mine or run nodes?
     
  5. Arakel

    Arakel First Team

    I dabbled in mining before. The rewards just weren't there though, at least for desktop mining. You pretty much need a dedicated miner, I think (especially if you want to mine something other than a shitcoin).
     
  6. reids

    reids Squad Player

    I split a mining rig with a few friends for a year or so back in 2017 + 18. Cost us £918 for for the PC, we made 3.2 eth over 14 months (worth £1240 then!) and then sold the PC for £400 (had free electric for the mining) so ended with a good chunk of profit. Not sure if any kept theirs to current prices but they'd be laughing now if they did. Not sure it would be viable to the same extent now though!
     
  7. Bonkingbob

    Bonkingbob First Year Pro

    Nice I’m still shitcoin mining. Trying to catch new projects at launch and stacking a few coins up before any serious hash power comes in. I’ve had varying levels of success and a few exit scams but it’s interesting watching projects just starting out.

    I built a dual rx580 PC in late 2017 and it is still a fairly capable gaming pc for when I’m not mining so quite happy with it! I wouldn’t mind a GPU upgrade at some point but they are like hens teeth again at the moment.
     
    reids likes this.
  8. Arakel

    Arakel First Team

    As many of you have probably noticed, DeFi projects have been popular lately and a number of them have done very well, in some cases despite crippling performance issues (e.g. Uniswap due to the ETH congestion issues).

    I've made the decision to take a bit of a gamble on a new service that launched a short while ago: Wanswap. It's built on the Wanchain platform. The bit that sold me was that the transactions were very quick (seconds) and cost pennies at most.

    https://wanswap.finance/

    The WASP token is an interesting one. There was no premining and they've been distributing WASP tokens to those who have been adding liquidity to the Wanswap pools.

    The site is very well designed and easy to use. Coupled with the speed and low cost factors, I think Wanswap is poised to do very well in the coming weeks/months.

    Might be worth a look over if you have the tolerance for a bit of a calculated gamble. It's certainly on a put-your-house-on-it bet, but given the recent success of Uniswap, Sushiswap and others it isn't difficult to see a place for a fast, virtually zero cost defi service in the market.
     
  9. cyaninternetdog

    cyaninternetdog Forum Hippie

    COSMOS might be worth looking into, Stargate launches in 5 days and will probably double the price. This is not financial advice.
     
  10. Arakel

    Arakel First Team

    Was looking in my old wallet yesterday and found an airdrop in there I signed up for ~3 years ago and forgot about. A mere 18 tokens.

    Total worth today: $410 USD.

    I've had worse surprises.
     
    reids likes this.
  11. Bonkingbob

    Bonkingbob First Year Pro

    I had something like that a couple of months back with synthetic. Dig up an old paper wallet from 2017 and plugged in and found £250 worth in there from an airdrop.

    I’ve not been able to really invest in the last few years as the priority has been stabilising the finances for my family. Got a few quick wins in crypto and very much ‘up’ but could have got so much more on this bull run.

    The next cycle is my aim. I’m kinda praying for the bear market and hopefully a couple of years of small investments each month.

    the riskier plays I’m looking at right now are

    OMI (digital collectibles for comic geeks with a burn rate that will accelerate. Sales end in burns and they are selling a lot. Got DC comics so Batman etc as well as back to the future and Star Trek NFTs)
    Trias - an eth type protocol but very low supply and very cheap at the mo. This is a punt for the economics.
    EQZ Equalizer - a music platform. Just a risky low cap one.

    of these OMI is my fave. The economics are quite clever but I’ve bought a few NFTs during their drops and there is a lot of demand. New issues sell out in minutes. Download the Veve app to check it out if you are interested.
     
  12. Arakel

    Arakel First Team

    I actually have a bunch of VeVe collectibles. I'm anticipating the early releases will appreciate sharply once the VeVe userbase takes off.

    Mostly snagged a few copies of various first appearances.

    Time will tell if that gamble pays off or not.
     
    Bonkingbob likes this.
  13. reids

    reids Squad Player

    Just bought 2 of these bad-boys: https://www.bobcatminer.com/shopping

    They "mine" using radio waves rather than processing/GPU power meaning the energy usage is minimal (roughly equivalent of leaving a lightbulb on for a day). You earn Helium coins based on how often your hotspot is used, there's currently a variety of use-cases for them (the Lime bikes that you might've seen around London currently use the network this lady probably explains it better than me:



    Sadly my flat gets basically no signal but i've gone halves with my dad on one unit that will go in his flat and halves with my mum on another unit that'll go in her house - you can see how much other hotspots near your address are earning by using the coverage map (https://explorer.helium.com/coverage) - some near the spots where my units will be going are earning 200 helium tokens every 30 days - and with the token price currently around the £10 mark it has the potential to be quite lucrative. Shame i've got to wait 20 weeks for them to arrive though!
     
    Arakel likes this.
  14. CarlosKickaballs

    CarlosKickaballs Forum Picarso

    Sounds like an autosurf ponzi from the early 2000s to me

    https://en.wikipedia.org/wiki/Autosurf
     
  15. Optimistichornet

    Optimistichornet Penguin Assassin

    from what I can understand you need other nodes to connect to. there is literally no point in having a sole node in an otherwise unpopulated area. So at the minimum you would need 2 or 3 nodes to make a network. I live in a fairly rural area and by the looks of the coverage network there is absolutely nothing around here.

    @reids how far is the range of the miner you purchased?

    i understand the use but it does seem to be very much aimed towards those in urban areas where surfaces like bike rental, scooter rental exist. it does have the ability to track pets etc, but speaking as a vet there are very few people in the UK who utilise that tracking anyway.

    maybe I have misunderstood the use?

    It seems like in order to make good money you need to be in early in a well populated area, although if you are in too busy an area you could end up making less?
     
  16. a19tgg

    a19tgg Squad Player

    I don’t want to speak for him but it seems like exactly what he’s saying, and hence why he’s placing them at both of his parents house as presumably there is better coverage there.
     
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  17. reids

    reids Squad Player

    There's a few big differences between the Autosurf ponzis and Helium, firstly the autosurf Ponzis were offering "guaranteed" returns to all, that's an instant red flag and Helium offers nothing of the sort - the returns are based on how often your hotspot is used so if you're out in the sticks, it's probably not worth getting one as the tech isn't widespread and the number of viable use cases at the moment will be minimal/none. Secondly the autosurf ponzis offered very little in the way of actual value, plenty of websites got plenty of views, but ultimately that doesn't change much (especially since it probably didn't lead to an upturn in sales as I imagine people would just leave their PC on and go do something else), whereas with Helium, companies are using the network to actually help run their companies tech, for a much cheaper cost than developing their own - that provides value.

    Up to 10 miles (although imagine it'll be less in a built up area), they'll be urban areas (Pinner + North Harrow) with a good chunk of other nodes around (but none too close) to talk to, both units will be within this grid that measures around 4 miles from east to west and about 3 miles north to south

    [​IMG]

    All the other nodes in this area are earning good amounts, ranging from 6-575 tokens a month, even on the low-end of that scale with only 6 a month it'll take 5 months to make back the cost of the unit with everything after that being pure profit since the cost of running it is so low.
     
    Optimistichornet likes this.
  18. Arakel

    Arakel First Team

    How are you seeing the tokens earned on the map? I see nodes but there's no info regarding tokens (or anything else) when I highlight/click things, so I'm sure I'm missing something obvious.
     
  19. reids

    reids Squad Player

    If you click on a dot, a bar on the left will open up, you can then click "View Hotspot Details" and then "Rewards" to see their 24h and 30 day breakdown
     
  20. Carpster

    Carpster Squad Player

    I've just opened up a sports betting website I've used on occasions and it's saying I have 600 uBTC in my account. Anyone explain to a complete idiot how much this is in GBP? If it's worth taking out I will or I will just use it for the Euros.
     
  21. Optimistichornet

    Optimistichornet Penguin Assassin

    if it’s United Bitcoin then it’s currently $1.20 per unit. It was $2.4 in May. At its peak when introduced each one was worth $428. Shame!
     
    Carpster likes this.
  22. Arakel

    Arakel First Team

    Weird, not working for me. Must be one of my browser addons blocking it. :)
     
  23. Carpster

    Carpster Squad Player

    Thank you kind sir. I will waste it on the Euros
     
  24. cyaninternetdog

    cyaninternetdog Forum Hippie

    Why did everything crash so badly recently? Have heard rumours it was connected to whats going on with the meme stock thing, hedgies selling crypto or creating pumps and dumps to cover their positions maybe?
     
  25. reids

    reids Squad Player

    Musk, various countries either cracking (or rumoured to be) cracking down on the legalities of crypto and rumours of bigger taxes + a general market correction after rising 900% in a year!
     
  26. Arakel

    Arakel First Team

    People like to come up with all kinds of conspiracy theories for the volatility, but I think the simplest solution is probably the right one: sometimes people will large stakes take profit, which dumps the value of a coin, and then others panic sell and it escalates.
     
  27. reids

    reids Squad Player

    Yup, things don't go up constantly forever and at some point it's necessary for a correction to dip the price, which will inevitably cause a panic sale. That being said, I'm still up 757% on the Eth I bought this time last year and corrections are healthy for the long-term aims and goals of projects so I'm still fully keen on the long-term goals of crypto!
     
  28. cyaninternetdog

    cyaninternetdog Forum Hippie

    I wish the market would stop correcting though ffs!!!
     
    reids likes this.
  29. hornetmaster

    hornetmaster Reservist

    Reids, be very careful about Ethereum in particular as I have it on good authority from one of `the pioneers` that the risk is greater than you might think.
     
  30. wfcmoog

    wfcmoog Tinpot

    Can you elaborate at all on that?
     
  31. Mr W

    Mr W Academy Graduate

    Obvious scam artist is obvious

    COYH
     
  32. hornmeister

    hornmeister Club Legend

    That's 600 Britsh Thernal Units. That's enough to raise the temperature of 600 pounds of water by 1 degree farenheight.
     
  33. Ágætis Byrjun

    Ágætis Byrjun Reservist

    Started a couple of fairly small crypto "investments" on Thursday to see what all the fuss is about (150 in ETH and BTC each as a test). Woke up this morning and they have both gone up by 10 already. No wonder people get hooked on this.

    I'm going to treat them as a bit of fun to watch. I don't think I'd ever sleep again if I had a lot of money riding on it - although it would be quite fun if it was your day job.
     
  34. wfcmoog

    wfcmoog Tinpot

    Nothing goes up forever. The market had a proven cycle of boom and bust. Set a sell order to take profits and then you will have cash to buy in at the next dip, to get on the next peak.
     
    Arakel and Ágætis Byrjun like this.
  35. Ágætis Byrjun

    Ágætis Byrjun Reservist

    Exactly how I've set it up. It's an interesting one as you could day-trade or look at long-term trends. I'm going for the marathon approach, although it's mostly a side-show to more "stable" investments.

    What annoys me is that I was telling people about blockchain back in 2014 as an interesting system but had absolutely zero cash at the time. Oh well, I'm sure there are thousands of people who had 20 BTC and sold them at loss for £15.
     

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