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25th January 2021, 14:36 | #441 |
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Does anyone here actually mine, or just trade? If so do you ASIC or use a PC?
Just curious - I've been regretting not getting into mining when I first found out about it freaking years ago, now wondering if getting into mining is worth it or better just trading.
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Ξ √ Ω L U T ↑ ☼ N وكل يوم كنت تعيش في العبودية Last edited by crocos : 25th January 2021 at 14:38. |
25th January 2021, 14:42 | #442 | |
A mariachi ogre snorkel
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25th January 2021, 15:05 | #443 |
A mariachi ogre snorkel
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HEY BITCOIN
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25th January 2021, 20:15 | #444 | ||
A mariachi ogre snorkel
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Quote:
https://techcrunch.com/2021/01/24/ho...aching-crypto/ Quote:
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25th January 2021, 20:42 | #445 |
Architeuthis
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^ Great plan, Felipe. He’ll find himself selling trinkets along Copacabana beach when the market collapses.
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26th January 2021, 03:40 | #446 | |
HENCE WHY FOREVER ALONE
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With Nicehash you mine whatever algorithm your card does best, you get paid in Bitcoin based on people renting your computational power. Everything is automated. It's not immediately profitable if you go out and buy all the equipment, and then pay for electricity. It can be profitable if the price of Bitcoin multiplies (as it has since I started mining). You can easily download Nicehash and see what your current card produces. Recent cards can generate roughly $3USD a day, and probably cost that to run them, so you're effectively just buying BTC very slowly. If its an old card, it'll be much less and not worth it at all. I'd say you're better off just buying and HODLing, or trading if you're seeking short term gains (or losses, as the case may be).
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Finger rolling rhythm, ride the horse one hand... |
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29th January 2021, 13:47 | #447 |
A mariachi ogre snorkel
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At crocos's suggestion I've spun off the WSB posts. So we can all get back to loving Stellar today.
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29th January 2021, 15:03 | #448 |
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That $DOGE. Makes your eyes water. Yes that is 455% gain in 24hr
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but what would I know? |
29th January 2021, 15:30 | #449 |
A mariachi ogre snorkel
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stop it, I'm trying not to look!
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29th January 2021, 17:06 | #450 | |
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29th January 2021, 17:43 | #451 |
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update: 800%. good lord.
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but what would I know? |
29th January 2021, 18:05 | #452 |
A mariachi ogre snorkel
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bUt FuNdAmEnTaLs
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29th January 2021, 18:21 | #453 |
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How annoying, apparantly my wallet is not synced. And its not syncing.
Haha, it will be back a 0.01 by the time Ive finished. That was foolish of me |
3rd February 2021, 06:18 | #454 |
A mariachi ogre snorkel
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While everyone's *distracted boyfriend meme* over XRP and DOGE, Stellar is actually getting shit done:
https://www.forbes.com/sites/billyba...h=131f2e373a55 |
3rd February 2021, 13:13 | #455 | |
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However, I still believe it's going to $10,000 in 2021. I'm not greedy, I just want to retire before I'm 40
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but what would I know? Last edited by Nich : 3rd February 2021 at 13:14. |
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3rd February 2021, 13:28 | #456 |
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What are the recommended methods of converting back to Fiat?
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3rd February 2021, 13:33 | #457 |
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Sell on an exchange (I use Melbourne-based company btcmarkets.net)
Has anyone done the work researching charities? I want to find a good'un and share the love.
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but what would I know? |
3rd February 2021, 14:29 | #458 |
A mariachi ogre snorkel
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Effective altruism is a whole can of worms. Lots to talk about.
But basically - if you want to do the most bang for your charity buck, start here: https://www.givewell.org/charities/top-charities |
3rd February 2021, 18:08 | #459 |
A mariachi ogre snorkel
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Jeez - a good day to be holding ETH, XLM, BTC...
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4th February 2021, 14:13 | #460 | |
A mariachi ogre snorkel
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4th February 2021, 14:26 | #461 |
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Eth strong on ETHUSD and ETHBTC (coming off of all time low) pairs. Slingshot time.
All I need is: - A house with a garden for the family and our chickens - Settle all debt - Cancel all subscriptions - cost of Jui Jitsu classes - A motorcycle to ride to Jui Jitsu classes (and live my Zen and the Art of Motorcycle Maintenance dreams) - annnnnd an Arturia Polybrute
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but what would I know? |
4th February 2021, 14:41 | #462 |
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I've only put in NZ$240 into ETC and BTC since early december and based on current rates that's now 'worth' NZ$500.
wtf. |
4th February 2021, 14:47 | #463 |
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ETH*
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4th February 2021, 15:08 | #464 |
A mariachi ogre snorkel
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At a quick glance ETH has hit a new ATH every five minutes for the past 25 minutes.
update: awww, c-c-c-combo breaker. I think when you're measuring not "all-time highs" but "streaks of consecutive all-time highs" things are getting silly. |
4th February 2021, 18:19 | #465 |
Architeuthis
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Don't make the rookie mistake of assuming it's organic demand.
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5th February 2021, 11:51 | #466 |
A mariachi ogre snorkel
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+1, Insightful
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6th February 2021, 10:11 | #467 |
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Does anyone have a good tool/spreadsheet set up for tracking Buying and Selling for tax?
Most of the templates i have seen seem to be when you buy 1 thing and then you sell that exact same amount. But thats not really real life, where sales can be across multiple purchases. I have a file created, but its just manual, that every sale I need to manual split the transactions to make it fit. |
6th February 2021, 12:38 | #468 |
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If your exchange allows downloading buy/sell order history as spreadsheet, get that.
From ATO info: From a tax perspective, it's just like stock / currency exchange except you're dealing with multiple decimal places. group your buy orders separate from your sell orders (group further by older than 12mo / younger than if in Aus). Get a total for each group I would further categorise by purchased from exchange vs mined / air dropped. From tax perspective mined / air dropped / contentious hard fork are like stock buy back dividends / stock split. Taxable Sell / disposal event includes: - selling on exchange for fiat - using crypto debit card - gifting - shapeshifting to other coin - moving to Thailand and living off crypto gains If you are planning to share capital gains with your partner (to stay under a tax bracket) make sure you can prove you entered into crypto investing as a joint venture. Being married helps this immensely, but let's face it, you're probably like me where I bought in, then got glazed eyes when raving about being my own bank, immutable transfers, and Aristotle's definition of money.
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but what would I know? Last edited by Nich : 6th February 2021 at 12:40. |
6th February 2021, 16:37 | #469 |
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Waddaya mean, taxable gains? :pepeface
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6th February 2021, 17:05 | #470 | |
A mariachi ogre snorkel
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my version:
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6th February 2021, 17:36 | #471 |
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Well shit, I need to find a better accountant then, my last 2 have asked me to arrange my CGT data as per their attached spreadsheet template.
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but what would I know? |
7th February 2021, 00:50 | #472 |
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Yeah, all my stuff is a little more basic (I assume the NZ Tax laws are similar to AU).
But its easy enough to track. NZ uses FIFO, and I had already kept an Excel of them. While the file will be used for Tax, Im more interested in tracking it for ROI |
7th February 2021, 11:41 | #473 | |
*flex*
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7th February 2021, 18:45 | #474 | |
A mariachi ogre snorkel
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https://koinly.io It advertises itself as a "connect your exchanges via their APIs or your wallets via their public addresses and we will generate your tax statement for you" service. I might give it a try and report back. |
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9th February 2021, 10:38 | #475 |
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Elon has joined the game.
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but what would I know? |
9th February 2021, 11:17 | #476 |
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And another bounce...
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Stay shook. No sook. |
9th February 2021, 11:19 | #477 |
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Is that the largest BTC transcation ever?
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9th February 2021, 11:31 | #478 |
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Yes it would be the largest transaction if it was done in one TX. But the whale trackers would have picked it up i reckon.
Rumour is Apple is next to announce buying in. Yes, that Apple that has famously had insane cash reserves. Michael Saylor's conference got quite a few corporations on board. Maybe even the City of Miami too.
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but what would I know? Last edited by Nich : 9th February 2021 at 11:34. |
9th February 2021, 13:02 | #479 |
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This is shaping up to be the biggest daily candle in BTC history.
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but what would I know? |
9th February 2021, 15:16 | #480 |
Architeuthis
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imo Tesla has made a serious error of judgement in getting involved with BTC. The whole crypto ecosystem is in a massive inflationary bubble fueled by funny money.
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