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Topic: Living Off-Grid With Bitcoin? - page 2. (Read 590 times)

sr. member
Activity: 462
Merit: 250
October 31, 2019, 05:59:53 AM
#24
Eh, it's not really feasible at this time IMO, even when ignoring the rural part it's very hard today to not use any form of fiat at all. There are still not that many places that accept crypto, so paying for basic needs will be hard. Also finding employers that can pay you in crypto is very hard (unless of course you have enough BTC and don't need to work any more  Tongue). So yeah, I doubt it's possible to live with only Bitcoin at this time, we can only hope that changes in the future  Wink
jr. member
Activity: 69
Merit: 2
October 31, 2019, 05:41:52 AM
#23
In 5 years I think it will be quite possible, at least a lot of things indicate it.
hero member
Activity: 2604
Merit: 816
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October 31, 2019, 05:07:10 AM
#22
That could be possible, but there will need a lot of things to prepare before you can operate one place with bitcoin. Yes, you need electricity and a computer which will run the network. You need to make one place that will not use the sources from out there and only use your resources to live off-grid without interfering with the government.

I think that will be too complicated to think because that will need a lot of money to build that place for the first time. But so far, I cannot imagine what will we need to prepare to have that place.
member
Activity: 574
Merit: 12
October 31, 2019, 02:08:47 AM
#21
Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

It is very difficult to live in rural areas and use only cryptocurrency to make any purchases and pay for services. It seems to me that you can’t do without the existing financial system. You will not find the full opportunity to pay for everything in cryptocurrency. It is still not so common for this. In any case, you will have to convert the cryptocurrency to fiat. Yes, I don’t see the point of doing this. Regular currency is not so bad as to completely abandon it. However, try. After some time, I would like to hear how such an experiment ends. In my opinion, then you will appreciate the importance of the common currency in our lives.
sr. member
Activity: 728
Merit: 254
October 31, 2019, 02:00:31 AM
#20
No matter how much bitcoin you have, most rural places lacks internet connections. What I want to say, yes you have enough bitcoin to feed yourself but does your place have shops where you can use it to buy your necessities? Does the people there have knowledge about crypto? It's more hard to find shops that accept bitcoin in rural places, so no matter how much you can earn bitcoin, how about your needs to live? Can yout bitcoin feed you when there's no available merchants accepting it???
hero member
Activity: 756
Merit: 507
October 31, 2019, 01:38:01 AM
#19
Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

it is possible to do, maybe for 1-2 people, but very difficult for large groups, especially if there are children or teenagers.
they will want to try all sins modern civilization has to offer and your commune will have hard time to resist temptation.
but for oldest people, who made its decision to live off grid deliberately - this is possible.
but I think they still need money to pay for gas, medicine, clothes and so on
hero member
Activity: 1036
Merit: 514
October 31, 2019, 01:23:58 AM
#18
Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

Yes, it is possible to live and run a bitcoin full-node off the grid.
There are a lot of people who live off the grid these days, although it requires the solar system to generate electricity which relatively expensive to buy the solar panel and all the stuff to make it works.

Running bitcoin full-node and mining bitcoin is clearly different. Currently, there is a smartphone HTC exodus 1s that can run bitcoin full-node, it is more convenient than run it on a computer, right. If you want to mine bitcoin, all you need is enough solar panel that could generate enough electricity to run ASICs.
full member
Activity: 378
Merit: 101
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October 31, 2019, 12:59:06 AM
#17
Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

Maybe in Japan or some place like that where the majority of services already accept BTC, and even then, it would probably be complicated to pull it off. Maybe in another decade, things might look better then, i think.
hero member
Activity: 2870
Merit: 594
October 31, 2019, 12:54:03 AM
#16
Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Very very difficult, unless you really lived in a country wherein bitcoin is readily accepted otherwise you still needed the old and traditional fiat system to live and survived.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

Maybe is bitcoin will be used to transact or be the main system in the future, you have a chance to just stay in rural areas and live nicely with your bitcoin stash.

sr. member
Activity: 1554
Merit: 334
October 30, 2019, 11:12:33 PM
#15
The question is ambiguous, the requirements are unclear and I can't see clearly what you mean by this post. If what you mean is just living in a rural area with a full node given having electricity only and internet connection, without fiat on-hand, then it could be. You would farm your own supplies to live most likely, because living in a rural area where digital progress isn't enough for people to even transact with bitcoin, or even know bitcoin, would make it hard for you to trade for the goods you need to live. Fiat is still more reliable in these areas.
legendary
Activity: 3472
Merit: 10611
October 30, 2019, 10:55:30 PM
#14
it is not something you can do on your own. you need others to have adopted bitcoin as a currency too. for example in that "off grid" place where you run your full node, you still need electricity and a PC which means you have to pay the bills and buy the PC and unless they accept bitcoin as payment you can't really achieve what you are trying to do here.
otherwise as far as possibilities go, it is possible and in fact pretty easy thing to do.
sr. member
Activity: 966
Merit: 274
October 30, 2019, 10:07:37 PM
#13
Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

It is possible to live with bitcoin and crypto offgrid and on rural areas. But what seems impossible is when we live there withiut the government intervention. In that case, we will have a difficulty in creating trasaction since rural areas aren't that exposed to crypto, our currency will not be suitable for goods and services that we need to acuire. Still, we need to seek the help of fiats run by government.
legendary
Activity: 2576
Merit: 1860
October 30, 2019, 09:50:59 PM
#12
Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

It depends on which country you are from. If you are from a developed country where a rural setting still gives you the fast internet, consistent supply of electricity, and so on, then I guess there is no problem with it. But if you happen to be in a particular country more or less like mine where a rural setting can be reduced to descriptions such as mountains and trees and rough roads where electricity is rationed for a few hours a day, with slow to no signal, and where internet is unknown, your plan is a mere dream.   
sr. member
Activity: 1008
Merit: 355
October 30, 2019, 09:20:48 PM
#11
Is it possible/an advantage to live off-grid with bitcoin? What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.
Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

Actually, this is not impossible. You can live off-grid but there are many challenges one must be prepared for. You need your own infrastructure that can generate the power you need for the mining, you can for solar or wind or maybe hydro if there is a good source. On this big challenge along, you need huge capital. Then you make sure that you know good agriculture because you must be planting most of the things you need to eat as it would be hard to find providers near where you can be located. I am actually interested of this idea generally, even if am not interested with bitcoin mining but living off-grid sounds very romantic and cozy. I love to commune with nature, by the way, which can come handy with this proposition.

This is a good video of someone who is (or maybe was since this video got uploaded in 2017) mining cryptocurrency using the solar power he generated, maybe we can learn a thing or two: https://youtu.be/zeTb30uIRbo.

legendary
Activity: 2366
Merit: 1408
October 30, 2019, 07:51:47 PM
#10
It's interesting but totally impracticable to do nowadays

You can have a big solar system, ok
You can mine BTC or altcoins ok
Buy food, medicine, supplies in general with BTC without converting to fiat or use a system with KYC it's almost impossible, you will have to do a lot to maintain this lifestyle
hero member
Activity: 2716
Merit: 698
Dimon69
October 30, 2019, 07:38:59 PM
#9
That will depend on the rural you're pertaining too, do you have food and water supply you can get for free since you'll need to convert your crypto if you're going to buy there since cities are not equip yet in stores accepting crypto what more in rural areas? About electricity as long as your solar panel will be enough for your mining or might cause shortage then you'll still need to depend on governments electricity and Internet that you'll be needing to pay thru fiat, but it may all depends on your country.
hero member
Activity: 952
Merit: 513
October 30, 2019, 07:04:54 PM
#8
It'll be very complicated, and you'll need a fair amount of crypto-currencies to make it work.

I know as a fact it's fairly easy to live in a city and pay/use things that accept crypto-currencies, you'll just need to limit yourself to some items.

If your talking about a little hut away from civilization, it's possible, but Bitcoin and crypto-currencies aren't really the issue here - getting essentials like food and water are the problem here, especially when you can't just use Bitcoin to order food (kinda ruins the point, right?)
Maybe you are correct about the clash between bitcoin nodes/electrical grid and living away from this type of influence. Time to drop everything and head for the hills!
There a huge conflict for sure mate, usually most people who are very involved with Bitcoin and other crypto-currencies are huge tech nerds and love their online world.

It's pretty hard to be into Bitcoin and also be a rural person. Electricity, internet access, etc is all needed for that to function and that just doesn't work with what you want to do haha.
legendary
Activity: 3024
Merit: 2148
October 30, 2019, 06:49:39 PM
#7
Why do you need Bitcoin if you want to live off-the-grid? If it's just a store of value for you, then no problems, you can just threat it as if it was a gold bar - hide your seed/paper wallet in a safe and don't touch it. But if you want to use it instead of fiat whenever you want to make purchases, it can be a bit hard - there will be no people nearby who accept Bitcoin, so you'll have to sell it for fiat and withdraw that fiat - you'll still be bound to the fiat system. Plus, this selling would be a taxable event.
hero member
Activity: 1638
Merit: 518
October 30, 2019, 05:29:42 PM
#6
i am not sure about it, somehow , i just think, that it seems hard to be realized.
the real problem , how about ur day life ? i mean u still need money right ? and also , i am sure , in the countryside it is hard to find ATM machines,and also other basic needs. its totally sick for me.
Perhaps bitcoin is not well suited for rural lifestyle or off-grid?
who say ?
as long u have everything need for run btc mining, it's absolutely fine.
hero member
Activity: 1148
Merit: 500
October 30, 2019, 05:10:14 PM
#5
You need antminer to mine Bitcoin. It's very difficult to mine Bitcoin thru computer these days. Also it needs constant supply of electricity. Because you live in a place where there's a lack of electricity. Mining will be difficult for you because it consumes electricity unless you have good source of decent electricity like solar panel or windmill turbines.

And lastly, it's hard to live with cryptocurrency. You still need cash as majority of merchants accept cash not cryptocurrency. You still need Liquidity for your Bitcoin in able to buy what you wanna buy.
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