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 Bitcoin and other Cryptocurrencies v2

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piscess16
post Mar 15 2017, 12:28 PM

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want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
piscess16
post Mar 15 2017, 12:28 PM

New Member
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want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
-CoupeFanatic-
post Mar 15 2017, 12:33 PM

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QUOTE(piscess16 @ Mar 15 2017, 12:28 PM)
want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
*
If you're a miner yourself, I'm assuming that you'll be running your own node right. Which usually means that you use Bitcoin Core wallet within your PC and not other third party wallets like blockchain.info

If you are looking to exchange amounts of BTC to MYR on a regular basis, I'd highly recommend you to join BTC Malaysia Group 1 on telegram by sirxl look at his signature
piscess16
post Mar 15 2017, 12:34 PM

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QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:23 PM)
I'm not a miner, just a trader.

If you want to sell your bitcoins in Luno exchange there will be fees imposed.
Taker: 1%
Maker: 0%

Taker means that your accept the offer of either the buying or selling side. While Maker means that you're making an offer to either buy or sell, waiting for people to accpet/take your order.
*
oh...

then compare with Remitano, remitano is without fee, is i just need send the bitcoin to Luno wallet, i need to pay bitcoin miner transaction fee.
-CoupeFanatic-
post Mar 15 2017, 12:39 PM

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QUOTE(piscess16 @ Mar 15 2017, 12:34 PM)
oh...

then compare with Remitano, remitano is without fee, is i just need send the bitcoin to Luno wallet, i need to pay bitcoin miner transaction fee.
*
I don't think Remitano is without fee either. All exchanges charge some sort of fee no matter what.
If you're talking about transactions broadcasted on the blockchain then yes, it requires a transaction fee paid to the miner which is about 0.00045200 BTC ($0.56USD) on average according to https://bitcoinfees.21.com
sirxl
post Mar 15 2017, 01:33 PM

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QUOTE(-CoupeFanatic- @ Mar 15 2017, 11:44 AM)
Diversification is good, however in cryptoland these fundamentals may or may not apply. Cryptoland is crazy
*
not such thing as fundamentals in crypto investment space,
it's all about technical charts, pump and dumps and how much inside tips you have.
sirxl
post Mar 15 2017, 01:34 PM

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QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:39 PM)
I don't think Remitano is without fee either. All exchanges charge some sort of fee no matter what.
If you're talking about transactions broadcasted on the blockchain then yes, it requires a transaction fee paid to the miner which is about 0.00045200 BTC ($0.56USD) on average according to https://bitcoinfees.21.com
*
they charge 1% fee if you are buying BTC, and 0 if you are a seller.
WooTz
post Mar 15 2017, 01:34 PM


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QUOTE(wengherng @ Mar 15 2017, 11:21 AM)
I agree, DASH has nothing to sustain the current gains except hype, euphoria and FOMO.
At the end of the day, it's all about the greed.
That said, however, I do have a little bit of DASH on my portfolio, which I use for "crypto-gambling" (no fundamentals involved, just buy at the start of a crowd-frenzy and sell at a high).
I think there will be a sharp correction for DASH very soon, but I do believe that the price will break the psychological USD 100 barrier before that happens.

These few weeks have been absolutely bananas.
It's incredible how even the most obscure altcoins are seeing unbelievable pump/dump frenzies that see more than 300% gains in 24 hours (e.g.Namecoin).
*
The history of DASH

Genting highlands seemed like a walk in the park compared to current DASH holders. Each passing day without a crash is only going to snowball into a bigger one.
sirxl
post Mar 15 2017, 01:35 PM

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QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:33 PM)
If you're a miner yourself, I'm assuming that you'll be running your own node right. Which usually means that you use Bitcoin Core wallet within your PC and not other third party wallets like blockchain.info

If you are looking to exchange amounts of BTC to MYR on a regular basis, I'd highly recommend you to join BTC Malaysia Group 1 on telegram by sirxl look at his signature
*
BTC 2 invite here:
https://t.me/joinchat/AAAAAD8HdXHMCpurSNxoqA

BTC 1 is reserved for serious traders and movers/shakers.
sirxl
post Mar 15 2017, 01:44 PM

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QUOTE(piscess16 @ Mar 15 2017, 12:28 PM)
want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
*
At current bitcoin difficulty rate, if you want a gross revenue of 4.5 BTC per month,
you'll need 21 units of AntMiner S9 (cost 44100 US Dollar or 196289 Malaysian Ringgit).

Take note other costs ie labour, electricity, internet are not included.

If I were you, I'd rather buy some POS coins and stake them on VPS.

This post has been edited by sirxl: Mar 15 2017, 01:45 PM
sirxl
post Mar 15 2017, 01:46 PM

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deleted

This post has been edited by sirxl: Mar 15 2017, 05:30 PM
kmarc
post Mar 15 2017, 02:17 PM

The future is here - Cryptocurrencies!
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QUOTE(WooTz @ Mar 15 2017, 10:16 AM)
You got a few hours at most, check this out.

[attachmentid=8594165]
*
Wow! Super Mario. Ok ok, bought some straight away! thumbup.gif Oh, bought straight away and lend out straight away! laugh.gif

QUOTE(wengherng @ Mar 15 2017, 11:21 AM)
I agree, DASH has nothing to sustain the current gains except hype, euphoria and FOMO.
At the end of the day, it's all about the greed.
That said, however, I do have a little bit of DASH on my portfolio, which I use for "crypto-gambling" (no fundamentals involved, just buy at the start of a crowd-frenzy and sell at a high).
I think there will be a sharp correction for DASH very soon, but I do believe that the price will break the psychological USD 100 barrier before that happens.

These few weeks have been absolutely bananas.
It's incredible how even the most obscure altcoins are seeing unbelievable pump/dump frenzies that see more than 300% gains in 24 hours (e.g.Namecoin).
*
All the negative things on Dash makes me want to sell my Dash holdings. However, then comes the "what if Dash goes much higher like bitcoin?" question. Anyway, Poloniex has a complete history I can download. From my calculation, I have made 0.13 Dash which is around USD 11.31 at current price (USD 87). Not too bad, as long as Dash is not trash and doesn't crash!

Calculated ETH, earn 28 cents so far..... sweat.gif

QUOTE(-CoupeFanatic- @ Mar 15 2017, 11:44 AM)
Diversification is good, however in cryptoland these fundamentals may or may not apply. Cryptoland is crazy
*
Ya ya, I literally have to be crazy to enter crazy cryptoland. rclxub.gif

This post has been edited by kmarc: Mar 15 2017, 02:41 PM
TSwengherng
post Mar 15 2017, 02:23 PM

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QUOTE(piscess16 @ Mar 15 2017, 12:28 PM)
want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
*
4.5 BTC per month is a huge target to set for......you'd need some really serious hardware costing hundreds of thousands of ringgit.
Or do you mean you want to sell 4.5 BTC per month?
To send bitcoins from one wallet to another, it doesn't matter which exchange you use, you will still have to pay the transaction fee, which is about 0.0004 BTC last I checked.
That's why I wouldn't even bother sending bitcoins in very small quantities.


QUOTE(sirxl @ Mar 15 2017, 01:33 PM)
not such thing as fundamentals in crypto investment space,
it's all about technical charts, pump and dumps and how much inside tips you have.
*
Let's just agree to disagree here.
I believe that any kind of investment has its fundamentals. It has to be grounded on something, some need, some real world application.
Otherwise it's gambling.
And cryptocurrency investment is not gambling.

piscess16
post Mar 15 2017, 03:18 PM

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QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:33 PM)
If you're a miner yourself, I'm assuming that you'll be running your own node right. Which usually means that you use Bitcoin Core wallet within your PC and not other third party wallets like blockchain.info

If you are looking to exchange amounts of BTC to MYR on a regular basis, I'd highly recommend you to join BTC Malaysia Group 1 on telegram by sirxl look at his signature
*
undestanding, i also is look Bitcoin usb core wallet, for save the bigger amount bitcoin

the group i have join already, inside have 9xx member right ?
piscess16
post Mar 15 2017, 03:20 PM

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QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:39 PM)
I don't think Remitano is without fee either. All exchanges charge some sort of fee no matter what.
If you're talking about transactions broadcasted on the blockchain then yes, it requires a transaction fee paid to the miner which is about 0.00045200 BTC ($0.56USD) on average according to https://bitcoinfees.21.com
*
the correct website is https://bitcoinfees.21.co , check by google rclxms.gif

i think i can testing for transaction fee USD0.5 send USD 70, try need taking how long time.
piscess16
post Mar 15 2017, 03:22 PM

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QUOTE(sirxl @ Mar 15 2017, 01:44 PM)
At current bitcoin difficulty rate, if you want a gross revenue of  4.5 BTC per month,
you'll need 21 units of AntMiner S9 (cost 44100 US Dollar or 196289 Malaysian Ringgit).

Take note other costs ie labour, electricity, internet are not included.

If I were you, I'd rather buy some POS coins and stake them on VPS.
*
yes, is around 20unit S9, but we is a team to invest~

what is the mean POS coin ? n VPS ?
piscess16
post Mar 15 2017, 03:26 PM

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QUOTE(wengherng @ Mar 15 2017, 02:23 PM)
4.5 BTC per month is a huge target to set for......you'd need some really serious hardware costing hundreds of thousands of ringgit.
Or do you mean you want to sell 4.5 BTC per month?
To send bitcoins from one wallet to another, it doesn't matter which exchange you use, you will still have to pay the transaction fee, which is about 0.0004 BTC last I checked.
That's why I wouldn't even bother sending bitcoins in very small quantities.
yes around 200k.

now is just using small amount to exchange to RM.

but ytd i exchange in remitano, i need deposit into remitano wallet.

USD 70, need the cost USD4, but send the money is very fast.

maybe is set USD0.5 is need taking longer time.
WooTz
post Mar 15 2017, 03:28 PM


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QUOTE(sirxl @ Mar 15 2017, 01:33 PM)
not such thing as fundamentals in crypto investment space,
it's all about technical charts, pump and dumps and how much inside tips you have.
*
So you're saying Fortune 500 companies and governments are now embracing EEA for technical charts and currency speculators. Nothing to do with the army of developers, community and the digital lego blocks Ethereum possesses.

Then why didn't the Bitcoin ETF got through?


WooTz
post Mar 15 2017, 03:47 PM


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QUOTE(piscess16 @ Mar 15 2017, 03:22 PM)
yes, is around 20unit S9, but we is a team to invest~

what is the mean POS coin ? n VPS ?
*
You guys are pretty ballsy going against other countries with subsidized electricity and ASICs.

POS stands for Proof of Stake, you acquire crypto token of a blockchain and deposit them to validate blocks. You earn if you act normally, or your deposit gets slashed.

VPS is virtual private server, since network uptime is crucial. Staking on multiple pools with multisig is recommended.

Why not stack GPU and mine other crypto like ETH, you can resell the cards for gamers once you're done with it.
piscess16
post Mar 15 2017, 03:52 PM

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QUOTE(WooTz @ Mar 15 2017, 03:47 PM)
You guys are pretty ballsy going against other countries with subsidized electricity and ASICs.

POS stands for Proof of Stake, you acquire crypto token of a blockchain and deposit them to validate blocks. You earn if you act normally, or your deposit gets slashed.

VPS is virtual private server, since network uptime is crucial. Staking on multiple pools with multisig is recommended.

Why not stack GPU and mine other crypto like ETH, you can resell the cards for gamers once you're done with it.
*
oh..

ETH is Ethereum ? but like litecoin zcash, also can be miner, but after miner the coin, now still cant exchange to RM right ?

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