Cryptocurrency

[mattfx]

Buy from KimSufi - cheap branch off of OVH. Looked into the specs and the £12/month dedicated server will be amply resourced.

I've had one with them for nearly three years and it's been down twice for a total of half hour each time.

Don't forget you need 42 Zen.

[FrontEnder]

Buy from KimSufi - cheap branch off of OVH. Looked into the specs and the £12/month dedicated server will be amply resourced.

I've had one with them for nearly three years and it's been down twice for a total of half hour each time.

Don't forget you need 42 Zen.

Thanks, looks a good price that. The dedicated server looks like overkill though, why have you gone with this over the cheaper VPS?

I've already got 25 ZEN, so not too much more to add to it and now is a good probably a good time to buy some more.

[mattfx]

Thanks, looks a good price that. The dedicated server looks like overkill though, why have you gone with this over the cheaper VPS?

I've already got 25 ZEN, so not too much more to add to it and now is a good probably a good time to buy some more.

I looked at the resources of Linode VPS' and then looked at what others are running in terms of hardware for secure nodes. Given that the reward is based on uptime and ability to process transactions in a certain amount of time, I wanted a cast iron guarantee that i'd get the reward. Also, as more users take up the hidden wallet / secure transaction functions, the busier the network will get and the more resources each secure node will need in order to keep the rewards up.

There was also an element of I know and trust KimSufi because I've used them for such a long time, I've never used Linode and they're US based, whereas OVH who own KimSufi are in France.

HTH

[ChimpMaster]

Thanks, looks a good price that. The dedicated server looks like overkill though, why have you gone with this over the cheaper VPS?

I've already got 25 ZEN, so not too much more to add to it and now is a good probably a good time to buy some more.

I still don't see the point. You have to keep 42 ZEN on each node at all times, which is £1600 at today's prices. The return is a measly 1.5 ZEN/month/node according to today's stats. This equates to a 3.5% annual return before VPS hosting costs.

It will take you over 2 years to get your money back. And all that time you have the opportunity cost of having to lock up 42 ZEN (£1600) per node.

Even if you gamble on ZEN coin price appreciation, you still have to keep 42 ZEN there. And as the coin price rises, more people will set up nodes, diminishing the output per node.

Mining seems a much better option - even with just over £1600 you can set up a reasonable rig.

I'm a numbers guy, with some tech knowhow, which is why I read the figures like this.

[mattfx]

I still don't see the point. You have to keep 42 ZEN on each node at all times, which is £1600 at today's prices. The return is a measly 1.5 ZEN/month/node according to today's stats. This equates to a 3.5% annual return before VPS hosting costs.

It will take you over 2 years to get your money back. And all that time you have the opportunity cost of having to lock up 42 ZEN (£1600) per node.

Even if you gamble on ZEN coin price appreciation, you still have to keep 42 ZEN there. And as the coin price rises, more people will set up nodes, diminishing the output per node.

Mining seems a much better option - even with just over £1600 you can set up a reasonable rig.

I'm a numbers guy, with some tech knowhow, which is why I read the figures like this.

Chimp has seen the light! Maybe we could start a CUK mining pool

I think the point with the Secure Nodes is that if you're holding Zen and speculating, the Secure Nodes are like interest on top of your original investment. You're not looking to get back and ROI on the coins, because you'd be holding them and speculating on their value going up anyway.

[mattfx]

Really interesting - Ethereums value against the dollar is rising whilst its value against BTC is dropping. This can only be a good thing if it continues, we will have another currency for alts to potentially be link indexed against so that when BTC sneezes, not every alt catches a cold and has its value wiped off in proportion to BTC.

Less potential for market manipulation and first tiny baby steps toward a better trading market.

[Hobosapien]

I've been looking for something like this which also lists how many coins/tokens are competing with each other in the same space. I want to specialise in the music area (my plan B) and there are 2 coins I know of (MUSIC, VOISE) which are live and have working Spotify like platforms with their own tokens. There are also a few projects looking to decentralise music on the blockchain and cut out all the middle men with smart contracts between listener and artist.

I'm seeing a lot of 'me too' in crypto at the moment so it would be good to have them all (including ICOs) categorized with easy to look up stats and info so we can gauge which ones have better potential.

There's a plan B for someone right there

Like it. "The Daily Crypto Review" or something. Funded by offering it's own coins that subscribers need to buy and spend to get access. So not only does the site get money from selling the coins but also gets the tokens back over time, allowing the site to maintain supply/demand and suitable price. Total control of the money chain.

That's a bit like asking if there's any way of knowing which penny stocks are going to make you your first 10 grand. No-one is going to provide the information in a pretty infographic or summarised chart because if they have that to hand, they're more likely to sell it than publish it on the internet.

Scooter is subscribed to some kind of financial publication dedicated to crypto's (panama beach or something?) which gives you exactly the kind of info you're after but, IIRC it's about £3k per year. If I had the money I'd have bought that and invested instead of going the mining route, but didn't have enough dime to put down into the circular and also put money into coins.

To pick my coins I've done two things:

1) Listen to ScooterScott.
2) Research Coinbase and look at what's popular, review the charts
3) Pick a handful of projects and then read (note, NO fecking Youtube!) about them on Reddit, forums, etc.

Issue with Youtube is people can get very emotive in what they're saying and that can convince you to buy into it. Reading about it allows you to be slightly more away from the topic, make notes via copy paste and look at everything objectively.

Just my opinion

I'm on about a summary of the alts, a current snapshot of their state and end goals, not predictions about their future. This could probably be put together by scraping various websites and summarising the content. Just need to somehow filter out all the shills and fake news. Easy.

[FrontEnder]

Chimp has seen the light! Maybe we could start a CUK mining pool

I think the point with the Secure Nodes is that if you're holding Zen and speculating, the Secure Nodes are like interest on top of your original investment. You're not looking to get back and ROI on the coins, because you'd be holding them and speculating on their value going up anyway.

This is exactly the point for me - I plan on holding ZEN for all/most of next year at least. I don't want to set up a mining rig in my house, so this is an easy way of accumulating more coins. If it doesn't work out I can cancel the VPS, sell the zen.

People who set up Dash masternodes when it cost a few dollars will be absolutely rolling in it right now.

[Hobosapien]

Going to be a good year for gold and gold related stocks I'm hearing...

I don't see a global ban on crypto - it's been adopted on Wall St with more futures/ETFs in the pipeline. I see more regulation and crackdown on anonymity, pump & dump and dodgy ICOs.

This is the year when institutional money starts flowing in to the better projects...

Nah, the woz has spoken. Bitcoin is better than gold and USD.

Hang on to your hats. When the Apple fanboys hear that, they'll pile in. Next train to the moon is approaching the station.

[DimPrawn]

Nah, the woz has spoken. Bitcoin is better than gold and USD.

Hang on to your hats. When the Apple fanboys hear that, they'll pile in. Next train to the moon is approaching the station.

Maybe Apple will buy every bitcoin, it would be small change for them.