Cryptocurrency Mining

[Alton Turner Blackwood]

Ledger, don't store your eth on some random pc.

Eventually, but I'm looking for something which I can store on my PC and or phone. How safe is Jaxx, I saw somehere there's a problem with it that the developers don't want to fix.

 

[techead]

I need advice on an Ether wallet guys.

I assume you are on Jaxx ?

Some interesting info on Ethereum , driving the price increase no doubt

The problem with Bitcoins, as I understand it (I don’t own any, and have never used them to buy anything) is that transactions can take anywhere from 10 minutes to hours, depending on how busy the network is. It’s also fairly expensive to use, especially for small transactions.

Ethereum, on the other hand, takes 12 seconds to transact and is much cheaper, but it’s also much more than a currency: it’s a platform for something called decentralised applications (dApps) that run on peer to peer computer networks and are designed to disintermediate all kinds of transactions that currently require banks, stock exchanges and the legal system itself.

Everyone is now flocking to the Ethereum side of the boat, it seems. In March, 116 organisations formed Enterprise Ethereum Alliance, including Samsung, Microsoft, Intel, JP Morgan, Deloitte, Accenture, Banco Santander, ING and National Bank of Canada.

 

[techead]

7 day graph

$244.16, now trading at $414.76

 

[koeksGHT]

Any 570's yet?

 

[Fulcrum29]

I must say, glad that I mined HUSH earlier on, all which was traded are making a killing on ZEC and ETH.

 

[Fulcrum29]

Eventually, but I'm looking for something which I can store on my PC and or phone. How safe is Jaxx, I saw somehere there's a problem with it that the developers don't want to fix.

Then try Exodus which also store your keys locally.

 

[Tjoker]

Bitcoiners selling off....

 

[Alton Turner Blackwood]

Then try Exodus which also store your keys locally.

Argh, my post vanished. Anyway, thanks.

By the way, hashflare has mined me almost a full eth coin and with the current eth price I've broken even (quite comfortably, mind you). That's an ROI of two months. The question now is whether to withdraw or reinvest. Leaving it there = their servers might get hacked and I lose it all. Or perhaps I should only withdraw the capital amount so that I at least know that I haven't lost any money.

 

[Gtx Gaming]

Someone selling btc

 

[techead]

Someone selling btc

yeah a ****load of it on Bittrex

 

[trolol]

Hold or convert to ETH?

 

[Purply]

Most altcoins heading for red, if not there already.

Profit taking I guess

 

[techead]

Hold or convert to ETH?

hedge

 

[Fulcrum29]

Argh, my post vanished. Anyway, thanks.

By the way, hashflare has mined me almost a full eth coin and with the current eth price I've broken even (quite comfortably, mind you). That's an ROI of two months. The question now is whether to withdraw or reinvest. Leaving it there = their servers might get hacked and I lose it all. Or perhaps I should only withdraw the capital amount so that I at least know that I haven't lost any money.

Yeah, ETH doubling in value has made some cloud mining investments viable again. BTC on the other hand… well, you will need to go PACMiC (through Hash Nest) or buy into hosted ASIC mining which is mostly an ‘scam’ as it is generally unsustainable, except when you own the hardware.

I have withdrawn everything I had in Genesis and Hash Flare, pumped it into Hash Nest, and that what I had with Nice Hash I’ve invested into mining rigs through my own business. Overall, better returns. I am very active in trading, my 'low-value' coins which I mine have given me better return on the trade than running my rigs on Nice Hash.

I am also keeping an eye on the pump and dump groups, Poloniex (yes, the exchange) is the largest pump and dump. Need to listen to this chatter...

 

[Fulcrum29]

Someone selling btc

Pump and dump day, see many 'small' coins rise in value today only to be crushed back by day-end. BTC will return to normal at around 7 days, add another 10% up to stability. ETH and ZEC will also come back down today and tomorrow and rise again in ~7 days.

More miners, more coins in circulations. Expect this to happen more and more.

 

[Willie Trombone]

It's just correction - way higher % than regular stocks because of the volatility. It's a sign that alot of amateurs trade in altcoins. People who trade emotionally based on the colour and length of the candle lol.

IMO ETH is facing resistance at the .15:BTC mark...* if BTC devalues it'll go over, not sure if it will go over on it's own merit just yet.

*EDIT* Seems it's the US$400 mark - the USD is probably the bigger resistance factor, but regardless it's a double whammy.

 

[techead]

these are some weird ass times we are living in

 

[Thor]

these are some weird ass times we are living in

Ditto

 

[Fulcrum29]

It's just correction - way higher % than regular stocks because of the volatility. It's a sign that alot of amateurs trade in altcoins. People who trade emotionally based on the colour and length of the candle lol.

IMO ETH is facing resistance at the .15:BTC mark...* if BTC devalues it'll go over, not sure if it will go over on it's own merit just yet.

*EDIT* Seems it's the US$400 mark - the USD is probably the bigger resistance factor, but regardless it's a double whammy.

The Bitcoin roadmap is well on track, it is very lucrative. ETH still must go POS and we are still to see how the market will react.

 

[Willie Trombone]

That was a great lesson in resistance values. Hindsight is a great teacher lol.
If I had thought a bit harder, I would have recognised the $400 mark being a major milestone and anticipated the pull-back. I could have set a sell at $400 (about 10:30) and 30 minutes later bought back in at $350. That's a huge bit of $$