Bitcoin dropped hard in 2018 , but mining is still profitable. We had a look behind the scenes of bitcoin, bitcoin miners and other cryptocurrencies. - New miners soon: http://www.cryptouniverse.at * - Our Bitcoin Miner Webshop !
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You could still be financially free with proper investments earn as much as 1btc weekly, how?
There are no ways to earn bitcoins except you mine, stop falling for scam investment sites, they need your bitcoins to improve their lives, that’s why they take your investment and never pay you back .
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I don't get this trend. Such a weak payout for what you spend. Just buy a handful of $10 prepaid phones, and set them up watching those "make $ watching ads" apps. There's like a dozen of those apps that will make you about double what one computer makes a month and will cost about 1/50th of the electricity.
TechMagnet Yeah check it out, the app is called Rewardable. Just plays dumb gifs and video shorts with ads in between. I have 20 $10 boost Mobile phones that I bought at Kroger. They make about $110 to $120 per month. Cashes out to PayPal
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I want to correct myself. My answer to your initial question "Whoever left mining(even at a loss) might take control over this crypto completely." isn't correct. The community takes a very big role in open source projects and with cryptocurrencies the incentives to work on a project are certainly there.
I recommend to listen to this answer from Andreas M. Antonopoulos https://youtu.be/xUNGFZDO8mM?t=1h20m17s Also, I recommend to look at the discussion that happened recently on Twitter about attacks on Cryptos and their consequences and what can be done against them @VitalikButerin https://twitter.com/VitalikButerin/status/955487619139416064
It doesn't actually cost much to run because it's already centralized. MIning is much more a security feature than just a way to process transactions. Many people argue that "Ripple already been attacked by design". 60b out of 100b XRP are not in circulation at the moment and the whole system is build around Validator nodes https://xrpcharts.ripple.com/#/validators.
"Running a validator does not require any fees or XRP. It is comparable in cost to running an email server in terms of electricity."
Another security feature they have
"The current minimum transaction cost required by the network for a standard transaction is 0.00001 XRP (10 drops). It sometimes increases due to higher than usual load."
Good simple introduction: https://www.youtube.com/watch?v=Y1GshH0F9Ic
What happens to your crypto if you die? Something to think about. Should everyone die with coins in their wallets their eventually will be none left. DIGIPULSE has the solution. You can buy it on cryptopia. Had a steady growth over the last weeks. Currently on sale since the dip. Get in now and we will go to the moon together🚀🚀
Change Provider if possible and dont mention "Loyality Payments" some provider offer, does are just to make the overall offer look better. But for you/us the kw/h count. So take one with no "Single Payment" if you signup. Instead choose one with the best kw per h ratio.
I pay .23 kw/h and there are even some with .21
Fifteen or twenty years ago there were programs you would put on your computer to help radio telescopes look for radio signatures that astrologers believed were intelligent life from other parts of the universe. The combined hashing power was needed to perform the massive caculations required but you never were paid for it. Also, you never really knew what your computer was being used for.
If you want the "Truth about tech", there are 3 possibilities:
(1) Crypto mining is 100% required to validate transactions (the official explanation).
(2) Crypto mining is partially for validating transactions plus some worthless processing.
(3) Crypto mining is partially for validating transactions plus some processing for an unknown purpose (conspiracy).
If (1) is true then validating distributed transactions is so inefficient that it will never be competitive with centralised tranaction processing. Can anyone point to a reputable source which explains why validating distributed transactions requires so much processing power? Without this explanation, if you don't believe in conspiracies then (2) is the only option. In which case, BitCoin is backed by worthless processing. A currency which is backed by something that's already used up is essentially worthless. In which case cryptos are a scam to cheat people out of real currency which is backed by everyone who owes debt for property and assets in those currencies, or is contracted to be paid using them.
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