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Thread: RIP Bitcoin

  1. #7501
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    fishlocker's Avatar
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  2. #7502
    disturbance in the Turnip baldrick's Avatar
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    some more rumblings about tether - USDT

    has been doubts about this stablecoin for over a year , and if it implodes all the cryptos will get hammered

    people are talking about DAI as an alternative stablecoin , but I have no info on it - research it yourself if you are looking to shift from tether

  3. #7503
    Thailand Expat raycarey's Avatar
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    back in august i posted a link to a wsj article that queried whether or not tether had the cash to back up their tokens....IIRC, they didn't come out and call it fraud, but they had their suspicions.

    i don't know if anyone here is holding USDT, but i'd consider dumping it ASAP before it's too late.

  4. #7504
    disturbance in the Turnip baldrick's Avatar
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    bitfinex exchange is also involved - I would not leave coins there

    several stories to ponder here - https://medium.com/@bitfinexed

  5. #7505
    Thailand Expat raycarey's Avatar
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    If you bought $1000 worth of XRP in January it would now be worth $79.


    If you bought $1000 worth of Bud Light in January, drank all the beer, and traded in the cans for a nickel deposit, you would have $79.

    — Ramp Capital♿️ (@RampCapitalLLC) October 12, 2018



  6. #7506
    disturbance in the Turnip baldrick's Avatar
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    the pump in BTC today seems to be only on the exchanges with BTC/USDT pairs which may be people dumping tether

  7. #7507
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    no shortage of stupid people in the world who went for the bitcoins dream

  8. #7508
    Thailand Expat jabir's Avatar
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    If tether tanks, btc and the tribe will swoon and take years if ever to recover. Approaching ten years and too many grubby fingers in this unregulated pie.

  9. #7509
    lom
    lom is online now
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    Quote Originally Posted by baldrick View Post
    I am thinking about buying some more ASICs and sending them to the colo in the US I am using for my DCR1

    INNOSILICON
    The Innosilicon D9 with 2.5 times higher hash rate and 2.5 times higher power consumption than the Obelisk DCR1 wins over DCR1 since they are both similarly priced but none of them are profitable now when 1 DCR = $40.

    A more interesting miner is the Antminer DR3 which consumes 3 times the power of a DCR1 but delivers a 7 times higher hash rate. It is cheap , around $700 which is half price of the two mentioned above.

    If you are really minted then you can buy the Whatsminer DCS for $4800 and get a hash rate 40 times higher than DCR1.

    I didn't colo my DCR1, it is running here in home but I will probably stop it when it has mined for a month (ie when I have mined 1 DCR), I could use the money I pay for electricity and buy one DCR each month instead.
    Won't help much that I soon will be able to add a 3rd hash board in the box, the added electricity cost will eat up the additional income.
    What is needed for DCR1 to become profitable is a higher coin price..
    I do not have Twitter or Instagram so instead I walkabout in the streets. shouting to randomly selected
    people what I've eaten, drunk, and what my home looks like.
    It is after all important to build networks.
    So far I have 3 followers, one is apparently a doctor and the others are policemen.

  10. #7510
    disturbance in the Turnip baldrick's Avatar
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    Obelisk will compensate the delay - not likely to be much - and after batch 5 has shipped will offer SC1 boards for sale which can be put in place of the DCR1 boards and with a firmware upgrade mine the SC fork which may be a way to ROI

    you can follow all this on the Obelisk discord - let me know if you need a link

  11. #7511
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    jesus christ, clueless punters

  12. #7512
    lom
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    Quote Originally Posted by baldrick View Post
    Obelisk will compensate the delay - not likely to be much - and after batch 5 has shipped will offer SC1 boards for sale which can be put in place of the DCR1 boards and with a firmware upgrade mine the SC fork which may be a way to ROI
    Yes, converting the DCR1 to an SC1 is prolly what I will do if there is no competition when those boards are available.
    They've not started to ship batch 2 yet so there is lot of time for competition to catch up on the forked algo...

    I ordered the DR3 today, $1000 with psu and freight included.
    Will be here in two weeks time, I'll run it on the luxor pool which I also use for the DCR1.


    Quote Originally Posted by baldrick View Post
    you can follow all this on the Obelisk discord - let me know if you need a link

    Thanks but that's not needed, I'm already there and reading.

  13. #7513
    disturbance in the Turnip baldrick's Avatar
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    Quote Originally Posted by Dragonfly View Post
    jesus christ
    have faith that she will strap on the plastic for you - it is written - estacticies 9.11

  14. #7514
    Thailand Expat jabir's Avatar
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    Anyone into ARB? Couple of friends entered at 40-50 and talked me in at 75-80 bt early Oct, now playing at 200.

    Butterbutt, help!

  15. #7515
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    Quote Originally Posted by lom View Post
    Yes, converting the DCR1 to an SC1 is prolly what I will do if there is no competition when those boards are available.
    They've not started to ship batch 2 yet so there is lot of time for competition to catch up on the forked algo...

    I ordered the DR3 today, $1000 with psu and freight included.
    Will be here in two weeks time, I'll run it on the luxor pool which I also use for the DCR1.


    Thanks but that's not needed, I'm already there and reading.
    seriously dude, you are falling for that scam too ?

  16. #7516
    disturbance in the Turnip baldrick's Avatar
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    Quote Originally Posted by jabir View Post
    Anyone into ARB?
    what is the shill on ARB ? what do they intend to do ? is it a ERC20 or does it have its own main net ? I see CMC has a couple of ARBs listed
    premine ?
    airdrop ?
    PoW ?

  17. #7517
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by baldrick View Post
    what is the shill on ARB ? what do they intend to do ? is it a ERC20 or does it have its own main net ? I see CMC has a couple of ARBs listed
    premine ?
    airdrop ?
    PoW ?
    ETH token, trading 3 months, opened at around 120 bt, quickly dropped to 40ish then spiked from early this month, lots of enticing keywords but imo doesn't look like a professional website. Not into the active arb trading, wouldn't know where to begin and wouldn't pay the $500 they want for the privilege, but more than satisfied with current % gains and happy to hodl a while longer. You would understand it better than I ever could, internal exchange + listed on CoinMarketCap, CoinExchange and TokenJar, so if that's why it spurted I expect it'll drop just as fast when the big holders unload. Circulation only 4.x million, max supply unknown.

    https://www.arbitraging.co/

    My only experience with active arbing is through a mate that's been doing sports about a year, dead easy once you get into the rhythm and fascinating to watch knowing that every pair of bets is a guaranteed winner and also the exact return with either outcome.
    Last edited by jabir; 21-10-2018 at 10:34 PM.

  18. #7518
    disturbance in the Turnip baldrick's Avatar
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    I think ETH is going to crap out big time - it just bogs down under load

    trying to be everyhting off the bat is always going to be a cluster

  19. #7519
    Thailand Expat jabir's Avatar
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    Which direction?

  20. #7520
    Thailand Expat Luigi's Avatar
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    Quote Originally Posted by Club Soda View Post
    + 30%

  21. #7521
    Thailand Expat jabir's Avatar
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    Must say I'm getting to like ARB, twice topped up, working well, reinvesting avg daily profit 0.7%, now waiting for reality to kick in and wipe me out.

  22. #7522
    disturbance in the Turnip baldrick's Avatar
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    it seems as though oyster pearl PRL has crashed out

    lead dev triggered a clause in its contract , created 3 mill tokens , dumped them on Kucoin and transferred the BTC and ETH out

    ERC20 tokens are just contracts written on the etherium blockchain - granted some of them have migrated to their own main nets , but I am still dubious of them

    and so the fluffer does not need to ask

    I held the equivalent number of PRL as he has brain cells

  23. #7523
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    A single coin then. Or perhaps a half.

  24. #7524
    Thailand Expat jabir's Avatar
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    https://initiativeq.com/invite/SEi9IA83X

    Not a crypto and no clue what this brilliant new payment concept that's going to take the world by storm is about, but I was invited by a mate, signed up via a junk account, invited more mates and already earned nearly 20k free. For now it's pre-sale (not selling) hoping to give away 80% of the 2 trillion circulation then sell the rest, I think. Nothing ventured, nowt to lose.

    Wish I had that mindset when they offered a free BTC about 7-8 years ago just for signing up, instead of deleting when google said it was worth $0.0xx.

  25. #7525
    Thailand Expat jabir's Avatar
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    More into ARB, >50% since 20th Oct + daily avg 0.7% reinvested.

    Butterbutt, help!

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