No, btw, don't ever do large volume unless you want to attract attention by BNM. No one in the right mind will do such a large quantity. So you don't have to think until that far.

Powerdraw 160W if not optimized.

If you undervolt etc you might get much lower wattage. Do the math. But no matter how much GPU u buy, you will get ROI around 3-5 months approx as more machine mean you need aircond 24/7 as well especially in our country.



That's my current effective mining speed with temp.

There's regular restart for my PC as I was doing optimization for the last few days. It is very stable now and it will run 24/7 with weekly reboot once now.

This post has been edited by a13solut3: Jun 6 2017, 02:21 PM

No point trading if there's no liquidity then. We already have the equivalent of 50 btc in local investments alone, and all of it can be liquidated tomorrow if it comes to that, legal too.

This post has been edited by wodenus: Jun 6 2017, 02:20 PM

but a13solut3 above said wif 2 gpu he get 300 usd per month?

It's just like a commodity

As long as there are people willing to buy your coins, you will see cold hard cash within minutes

But if people decided to buy 0.25, and another one is buying 0.5coins

Then it might take a day to 2 for your btc to turn to cash

I'd be wary in investing cold hard cash now in bitcoins as it seems that it's a very illiquid investment at the current buying/selling price - and your only source of profit is from capital appreciation - unlike stocks at the very least even if you hold you'll get dividends each year.

Only way forward if you'd wanna invest in bitcoin now is to mine your own coin - but this also involves actual hard cash since you'd need to pay bills and such.

It would be a different thing altogether if bitcoin is widely recognized as a global currency like USD and ha actual usage in real life (e.g - buying a bottle of water at my next door grocery shop). If that is the future of bitcoin then heck dump all your entire life savings in it.

That's why you need to pick the correct coin aka ASIC resistant.

Difficulty will rise and eventually it will reach certain point that it is not profitable anymore.

So the spread is wide due to low liquidity, like most local REITs?

1 btc = 10000 myr

10 btc is 100k myr

if u dat rich,no need to bother lah,i bet riza aziz would just laugh at crypto

I'm just telling u all the buy side is small scale ppl buying every second.
the big buyers are all around 2k area n big seller around 3k.

previously before it touch 2700 I already said big seller there, then it just waterfall down when it touched there
because the seller volume is super huge. imagine every few seconds ppl buy 1BTC, and they hit a seller with 1,400BTC to sell. lol

Yep

Bitcoin currently is a commodity rather than a currency

The price goes up because people believe the price will go up
In the end everyone is converting coins back to USD or EUROS for things

And currently USA and CN is trying to make payments easier than ever, these dedicated digital currency will go nowhere.

Why would I need bitcoin when I can pay for bills and my bowl of noodle using QR codes, and transaction can be done in China Yuan , secured and regulated

LOL 50 BTC less than 1 mil.. already got liquidity issue, summore want to trade. Dump 600K in UT (for instance) and no one even blinks

It is NOT like commodity.

Commodity is widely used in actual real life by almost all businesses, you get actual tangible benefit from the commodity itself - e.g, sugar as a commodity is traded in HUGE volumes because businesses NEEDS it as a raw material - people don't NEED bitcoins. Businesses don't NEED bitcoins. Well, not yet I guess.

And btw, commodity prices are mostly low - commodity is traded at high volume, bitcoin is the other way around, which poses a different set of risks altogether.

other than eth

what else asic resistant coin?

You can search for all coin algorithm, there are few are resistant, some are not even profitable with graphic card, but efficient using only computer processor.

1. Open private bank account in other country that is crypto friendly (swiss, singapore)
2. Sell all in one shot using reputable / regulated OTC boutique broker in that country, send the cash to new account
3. If still want to stay here, figure out how to declare so you can send back here and spend. Probably can try declare as capital gains and foreign derived income, non-taxable
4. If don't want stay here anymore, migrate like and pump the money there.

cpu doesnt affect eth??

low end cpu for eth also ok?

100k myr is really not a lot

Do you know you can hold 100k of cash with just one hand

I've been thinking of venturing myself deeper into BTC but seriously its too much of a hassle and risk.




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Bitcoin and commodity are so different that they're in two separate galaxies altogether dude.

But yeah how do you categorized it, it isn't currency anyway

And you can't say that it's precious metal like gold and silver, because gold and silver albeit limited, they are consumed in a lot of processes, mainly electronics or as catalysts

Maybe there is a new term to define bitcoin

yea

but bnm too busybody

good thing bout bitcoin,u r your own bank,no one can freeze your bitcoin,doesnt matter if the coin come from halal/illegal source