01-05-2018, 10:29 PM
-I decided to put this in off topic. It might be investing/financial related but it certainly has nothing to do with dividends. Feel free to move this thread to another area if you find a more suitable one-
So, cryptocurrencies.
Which ones do you have? Why? Anyone interested in mining them or do you just use them as a pure speculative investment? Or maybe just to see what it's all about?
Some history stuff from my experiences, feel free to skip.
Personally I hate myself right now for not getting more involved back in the day. I messed around a little with bitcoin in something like 2012.. then again in 2014. Silly stuff like getting some free bitcoins from some websites, playing online poker with bitcoin etc. I never had a lot of bitcoin, never invested into it, but I know that somewhere I still have them laying around... maybe 0.001 worth, who knows. I can't remember where they are or what the passwords are.
Fast forward to 2018. I heard about this "game" called cryptokitties. Read up on it, I know it sounds silly but damn, there are millions of dollars being used there. It looks to me like something where you might just make a nice profit... who knew you could breed virtual cats for profit? So I figured... maybe I'll give it a try? Problem! Buying ethereum in small quantities and anonymously (I can't be arsed sending my passport copies to these relatively dodgy looking websites) is a pain in the ass.
So... mining? I still don't understand how it fully works but basically you give computing power to the network, and you get rewarded with a tiiiiiny amount of the currency whose network you're supporting. Profitable? Well I've had a miner running on my old laptop (yes I know it's not efficient) for a couple of days and made a whopping $1 or so. You consume more electricity so probably +/- $0 at the end of the day. Interesting concept? Definitely. Easy way to get a few coins just out of curiosity? Yup.
Back to the real stuff
So I currently own tiny bits of Ethereum (ETH), Monero (XMR) and DigitalNote (XDN). All in quantities so small it makes no difference. Why these?
-Ethereum is for the kitty game. I KNOW IT'S SILLY OK!?
-Monero is the "main" thing I mine. For one, I like it's anonymity features. What I like even more is that my mining software tells me it has the best profit from the currencies supported.
-DigitalNote is actually a by-product of mining Monero. I don't know what I'll do with it but why not. It's also nice because the coin value is so low, so you actually get FULL coins instead of having like 7 zeros after the decimal point.
So, any and all discussion related to cryptos is welcome. If you want help with the mining thing, just ask. Also, if there is anyone with large amounts invested... how do you decide on the exchange? How do you know which one to trust?
So, cryptocurrencies.
Which ones do you have? Why? Anyone interested in mining them or do you just use them as a pure speculative investment? Or maybe just to see what it's all about?
Some history stuff from my experiences, feel free to skip.
Personally I hate myself right now for not getting more involved back in the day. I messed around a little with bitcoin in something like 2012.. then again in 2014. Silly stuff like getting some free bitcoins from some websites, playing online poker with bitcoin etc. I never had a lot of bitcoin, never invested into it, but I know that somewhere I still have them laying around... maybe 0.001 worth, who knows. I can't remember where they are or what the passwords are.
Fast forward to 2018. I heard about this "game" called cryptokitties. Read up on it, I know it sounds silly but damn, there are millions of dollars being used there. It looks to me like something where you might just make a nice profit... who knew you could breed virtual cats for profit? So I figured... maybe I'll give it a try? Problem! Buying ethereum in small quantities and anonymously (I can't be arsed sending my passport copies to these relatively dodgy looking websites) is a pain in the ass.
So... mining? I still don't understand how it fully works but basically you give computing power to the network, and you get rewarded with a tiiiiiny amount of the currency whose network you're supporting. Profitable? Well I've had a miner running on my old laptop (yes I know it's not efficient) for a couple of days and made a whopping $1 or so. You consume more electricity so probably +/- $0 at the end of the day. Interesting concept? Definitely. Easy way to get a few coins just out of curiosity? Yup.
Back to the real stuff
So I currently own tiny bits of Ethereum (ETH), Monero (XMR) and DigitalNote (XDN). All in quantities so small it makes no difference. Why these?
-Ethereum is for the kitty game. I KNOW IT'S SILLY OK!?
-Monero is the "main" thing I mine. For one, I like it's anonymity features. What I like even more is that my mining software tells me it has the best profit from the currencies supported.
-DigitalNote is actually a by-product of mining Monero. I don't know what I'll do with it but why not. It's also nice because the coin value is so low, so you actually get FULL coins instead of having like 7 zeros after the decimal point.
So, any and all discussion related to cryptos is welcome. If you want help with the mining thing, just ask. Also, if there is anyone with large amounts invested... how do you decide on the exchange? How do you know which one to trust?