Cryptocurrency

[northernladuk]

from what I can see so far, buying a crypto token is like being an anorak at the Maplins shop and buying diodes and all
that hobbyist stuff
.

You could ask them if they have a Caps Lock or/and Shift key while you are in there.

[milanbenes]

Update for those interested in my Mining Project:

My electricity bill since the miner came into effect cost me £900. I've generated enough ETH in that time to cover the costs of that, based on todays prices. The equipment is worth approximately 2/3rds of its original value and I have begun selling off the graphics cards. I am now at the point where I should've broken even on everything, without selling the rig but will be relying on the price of ETH to rebound back to Feb levels in order to achieve this.

However, I have saved a significant amount on my heating bill compared to the same time period last year (approximately £250), which is due to the heat put out by the rig.

Overall, I am glad I experimented and gave it a go. Long term, I do not see this as a viable option and believe that really and truly, you're better of investing in actual coins rather than mining them. It has been an interesting little project and given me a good reason to learn stuff about graphics cards I never knew before. I do think the market will rebound enough for me to get my money back and maybe, maybe, have made a small profit; but this is now speculation.

you mean we should replace the fire place with a crypto mining rig ?

Milan.

[milanbenes]

Almost sure you're trolling Milan but i'll bite.

Buy a Ledge Nano S, take delivery of said wallet, buy ripple on exchange, go to exchange wallet, transfer to hardware wallet, Store wallet in fireproof safe / under your matress on the wifes side of the bed / cuddle it to sleep at night / chain it to your wrist, ???????, Profit.

EZ PZ.

which exchange shall I use
ta

Milan.

[VirtualMonkey]

which exchange shall I use
ta

Milan.

I have previously used cryptomate but that is expensive. Most people I know just use coinbase.

[milanbenes]

You can buy Ripple in tons of places now... loads. And you can store it locally if you want using the ripple wallet.

My first ripple purchase was 750,000 tokens last year sometime

nice

Milan.

[scooterscot]

from what I can see so far, buying a crypto token is like being an anorak at the Maplins shop and buying diodes and all
that hobbyist stuff

If an exchange was a guy .... watch from 5 minutes in

[DimPrawn]

which exchange shall I use
ta

Milan.

I really don't think you are up to this Milan, as Dirty Harry would say "A man's gotta know his limitations..."

[milanbenes]

I really don't think you are up to this Milan, as Dirty Harry would say "A man's gotta know his limitations..."

you're right and that's why I think there's an opportunity because once the herd get the possibility to effortlessly accumulate then things could get interesting

I am a gold bug, and the alternative media which I am dialed into, keeps popping up with comments about Ripple being used by the Central Banking System etc

if that happens, then the sky is the limit imo

and I'd rather be in than out of course with dosh that I am willing to gamble

hence, the harder it is to get them the better in my opinion and even more of a reason to get them

Milan.

[Hobosapien]

you mean we should replace the fire place with a crypto mining rig ?

Milan.

Internet of Things opportunity to upgrade all those night storage heaters with a mining rig capability, so while the customer is getting their bricks warmed you can be raking in the mining proceeds.

[ds001]

which exchange shall I use
ta

Milan.

Open a Revolut account, very easy to use and the spread isn't too bad.
Etoro is another easy place to buy/sell ripple and some other coins