if i bought bitcoins in 2011, i'd literally be a millionaire if i sold them now
what coin can i buy that will make me rich in 2018
How to get rich off of cryptocurrency?
Christian Gray
Liam Garcia
All of them. Just pick the top 20, spend your life savings on them (weighting for market size), NEET it up and enjoy your christmas present next year
Adrian Sanchez
DGB is your first stop
Catch it on the way to a dollar
Lincoln Hall
Is mining Ethereum a good strategy? or is direct investment better.
David Rivera
bitcoin
Sebastian Wilson
Probably direct investment at this point. I'm pretty sure ETH is going to POS soon and you won't be able to mine anymore.
Aaron Jackson
You can't even build a mining pc anymore because the best gpu's and motherboards for mining are completely sold out everywhere.
Jacob Hill
Are you saying there is a gold rush?
Michael Fisher
what does POS mean?
Jonathan Wilson
So from what I am gathering, POS will completely kill mining. Would it be feasible to set up a mining rig, use the remaining time of POW to get ROI and possibly some additional profit, then switch the system over to something like nicehash to basically rent out GPU power for other people to mine altcoins?
I currently use nicehash on my shitty gtx 960 which makes me about $1.50 a day, and was thinking a dedicated rig would be able to get around $10 a day.
Evan Cooper
Proof of Stake
Basically mining is useless and you only get returns based upon how much you have at stake.
Here is a link that better explains POS:
>github.com
Here is one for the end of mining ethereum once it switches:
>forum.ethereum.org
Evan Sanchez
Proof of stake. Basically how masternodes work on Dash IIRC. What you need to know is people who have hordes of ETH, say 10,000 can setup something called a masternode to verify transactions and they get paid for it. The rich get richer.
dunno senpai. Never mined before.
Jackson Rodriguez
Thanks for the link and short explanations!
Gabriel Roberts
Do you have any inkling on how many people will stay on the POW fork vs the POS fork?
It is my suspicion that the POS fork will fail due to lack of interest from miners, especially since people who have invested money in rigs basically get shafted.
No problem fampai, trying to learn this shit myself to decide whether mining is worth it
Brody Johnson
Is there any links, literature, books that you would recommend for a newbie? asking for a friend.
Thomas Perez
idk even know what the advantage of POW vs POS is for ETH. I'm assuming its so they can cap the supply, but idk. My best guess is most people will just do what Vitalik tells them to do, which would be POS. As for the miners with leftover capacity now, well, they can just switch over to a different coin. Unless I'm mistaken and you need different hardware?
Samuel Carter
>Unless I'm mistaken and you need different hardware?
Yes and know.
Different algorithms run significantly different on the same rig. Typically, mining rigs are meant to be mining the Algo that has the highest hash rate/monetary return rate so you get the best bang for your buck. For example, a rig built for mining ethereum would not work nearly as well for mining bitcoin. A slight workaround for this would be as I mentioned before and to use nicehash to optimize your old rigs once they are obsolete when the POS fork happens. It basically rents out your gpu (and cpu as well) to a cloud such that other people can mine altcoins. Their software automatically chooses the most efficient system for your rig and they pay you in bitcoin. Nicehash basically rents out your GPU power and pays you in bitcoin for it.
I am thinking that I would be able to apply this to a mining rig once ethereum is kill so that it can find the most efficent algorithm. Then, depending on the algorithm and return method, configure the miner to mine the currency that Nicehash found was most efficient on your system. Although just using nicehash and getting paid in BTC seems like the most stable option.
Aiden Bennett
Buy mooncoin
David Evans
Primecoin, 100%
Kevin Clark
Don't listen to anyone here. Everyone told me to go all in on musicoin yesterday and now I'm broke
Gabriel Perry
tfw still making 50 dollar profit on a shitcoin that everybody made losses on
Xavier Watson
hold it stupid
Juan Davis
It's going back up again.
David Lewis
>MFW I BOUGHT DGB AT 300 SATOSHIS
>MFW I SOLD DGB AT 650 SATOSHIS
>MFW DGB IS NOW 232 x 10^8 SATOSHIS
Evan Ramirez
actually I have a noob question
say if I spend my life saving on bunch of scam altcoins now
then even by next year or two they end up staying the same price
is it possible at all to trade them out for other alt coins or even cash out?
or do once coin die it stay dead?
Brayden Murphy
buy vox, sell in a weeks time when it has 10m marketcap.
Andrew Hernandez
If you have a lot of money, trying to cash out all of your shitcoins will fuck you up.