So much for PoS from PoW for ETH - page 2.

joker_josue

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Quote from: arielbit on December 08, 2022, 02:17:03 PM

If your temp becomes an ideal growing temp to some plant that is expensive there because you are in a cold climate or because the plant is grown in hotter season, maybe it is feasible to become a gpu farmer and an exotic/off season plant farmer at the same time, with a niche market for hotels and expensive restaurants.

You won't worry anymore with bear markets if you can pull that off LOL

Despite being funny, the idea itself is not entirely unreasonable.
Has any miner thought of that and is selling tropical plants as extra income? Roll Eyes

If there is someone doing this, I would like to know its history, it must be very interesting.

arielbit

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Quote from: swogerino on December 08, 2022, 07:57:43 AM

Quote from: arielbit on December 07, 2022, 11:22:19 PM

Quote from: FP91G on December 07, 2022, 06:37:39 AM

It depends on how long summer is in your country. If you have 4 months of summer, then in the remaining 8 months, growing food will be very difficult, trumpeting time and good skills. You can buy a house in the village and take care of your own garden when the profit from mining is enough to live on, but now everything has changed.

Grow lights changes the game, maybe the heat from miners can reduce temp in a certain area to reach an ideal growing temp.

Coins mined has value, not getting sick has value too, most people are just taking health for granted.

I am mining at home now in winter and I must say I am only running half of the rig because that is more than enough to mine ETHW which has a really low difficulty right now and by doing so I have not at all turned on the air conditioner except maybe 30 minutes maximum in the morning and 30 minutes as maximum in the evening,that is a huge savings on the bill which an air conditioner like the one I have consumes at the beginning 3000 watt and then when the inverter pulls in like 800-900 watt compared to my half mining rig at 350 watt as a maximum consumption,so I got basically some free heating by doing so.

If your temp becomes an ideal growing temp to some plant that is expensive there because you are in a cold climate or because the plant is grown in hotter season, maybe it is feasible to become a gpu farmer and an exotic/off season plant farmer at the same time, with a niche market for hotels and expensive restaurants.

You won't worry anymore with bear markets if you can pull that off LOL

swogerino

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Quote from: arielbit on December 07, 2022, 11:22:19 PM

Quote from: FP91G on December 07, 2022, 06:37:39 AM

It depends on how long summer is in your country. If you have 4 months of summer, then in the remaining 8 months, growing food will be very difficult, trumpeting time and good skills. You can buy a house in the village and take care of your own garden when the profit from mining is enough to live on, but now everything has changed.

Grow lights changes the game, maybe the heat from miners can reduce temp in a certain area to reach an ideal growing temp.

Coins mined has value, not getting sick has value too, most people are just taking health for granted.

I am mining at home now in winter and I must say I am only running half of the rig because that is more than enough to mine ETHW which has a really low difficulty right now and by doing so I have not at all turned on the air conditioner except maybe 30 minutes maximum in the morning and 30 minutes as maximum in the evening,that is a huge savings on the bill which an air conditioner like the one I have consumes at the beginning 3000 watt and then when the inverter pulls in like 800-900 watt compared to my half mining rig at 350 watt as a maximum consumption,so I got basically some free heating by doing so.

arielbit

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Quote from: FP91G on December 07, 2022, 06:37:39 AM

It depends on how long summer is in your country. If you have 4 months of summer, then in the remaining 8 months, growing food will be very difficult, trumpeting time and good skills. You can buy a house in the village and take care of your own garden when the profit from mining is enough to live on, but now everything has changed.

Grow lights changes the game, maybe the heat from miners can reduce temp in a certain area to reach an ideal growing temp.

Coins mined has value, not getting sick has value too, most people are just taking health for granted.

joker_josue

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Activity: 1862

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Quote from: FP91G on December 07, 2022, 06:37:39 AM

It depends on how long summer is in your country. If you have 4 months of summer, then in the remaining 8 months, growing food will be very difficult, trumpeting time and good skills. You can buy a house in the village and take care of your own garden when the profit from mining is enough to live on, but now everything has changed.

Even in winter months it can pay off to mine. Instead of turning on the heat to heat the house, use the miners to heat the house. So, while spending energy for heating, you still manage to collect some coins.

FP91G

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It depends on how long summer is in your country. If you have 4 months of summer, then in the remaining 8 months, growing food will be very difficult, trumpeting time and good skills. You can buy a house in the village and take care of your own garden when the profit from mining is enough to live on, but now everything has changed.

arielbit

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What's up with health issues here? I bet it is more with crappy things you put in your bodies than pollution.

Drink distilled water, megahome brand can do it cheaper. Sprouting with grow lights (you have the electrical capability since you are miners).

There is HEPA filters for air filtration, you can also convert AC or anything that intake and expels air with a filter sheet that is not HEPA level but is good enough.

If you spend 1000$ more on healthy food every month vs saving 1000$ every month...do the math for hospitalization, you'll end up better and live better eating delicious and healthy foods.

If low on $$$, then you can convert those $$$ to time and energy to grow your sprouts and have a garden. You can spend less on supplements and food by having a garden.

....aaaaaaand all this investment talk here will be erased with a good 10x or better a 100x or a 1000x LOL Grin

FP91G

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Quote from: swogerino on December 03, 2022, 04:25:44 PM

Quote from: FP91G on December 03, 2022, 08:30:52 AM

Quote from: swogerino on December 02, 2022, 05:15:23 PM

Quote from: FP91G on December 02, 2022, 05:20:54 AM

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings

You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

Don't worry now Putin will make sure this goes well below 70 with the stupidity of isolating Russia further and further.I don't want to bring this thread to political views but it is impossible when Russia is mentioned now,the fact that they ask for important parts for their technology chain from India says a lot to me and since Russia is already with this war about 40-50 years behind in technology compared to the West they better stop this war and sit down in the negotiations table rather than isolating further Russia up to a point where there is no return.

Russia has good medicine and a lot of good private clinics, but not all people can afford expensive treatment. I have a mining farm in the village, and you can meet a lot of people over 80 years old there. And if you want to live long, then you need to leave the city for the countryside, breathe fresh air and buy natural products, and not what they sell in stores in the city.

That is true that there is a lot of pollution in the cities and I believe the only big ones in Russia where truly the heart of their economy is Moscow and Petersburg,everything else I believe to be divided equally between all other cities although I don't know the Russian history that much.Even where I live there are a lot of good private clinics but not many people can afford them so what is the point on having them,just for the millionaires,does not make any sense to me.

Unfortunately the last two decades where the average Russian increased his personal earnings during Putin regime it is all going straight into the garbage now because of the error of one man and no one is up to protest about it,that is a catastrophic economic mistake that Russia is making and people there are supporting this mistake.

I recently wanted to make an appointment with the doctor. The initial appointment usually costs $15-30, depending on the experience of the doctor. I chose the best clinic where the initial appointment costs $ 100, but I was offered to make an appointment only at the end of February 2023.
Even now, the demand for good medicine is high. And if I do not want to wait until the end of February, then I was offered an appointment with this doctor in 10 days at a more expensive price.

swogerino

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Quote from: FP91G on December 03, 2022, 08:30:52 AM

Quote from: swogerino on December 02, 2022, 05:15:23 PM

Quote from: FP91G on December 02, 2022, 05:20:54 AM

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings

You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

Don't worry now Putin will make sure this goes well below 70 with the stupidity of isolating Russia further and further.I don't want to bring this thread to political views but it is impossible when Russia is mentioned now,the fact that they ask for important parts for their technology chain from India says a lot to me and since Russia is already with this war about 40-50 years behind in technology compared to the West they better stop this war and sit down in the negotiations table rather than isolating further Russia up to a point where there is no return.

Russia has good medicine and a lot of good private clinics, but not all people can afford expensive treatment. I have a mining farm in the village, and you can meet a lot of people over 80 years old there. And if you want to live long, then you need to leave the city for the countryside, breathe fresh air and buy natural products, and not what they sell in stores in the city.

That is true that there is a lot of pollution in the cities and I believe the only big ones in Russia where truly the heart of their economy is Moscow and Petersburg,everything else I believe to be divided equally between all other cities although I don't know the Russian history that much.Even where I live there are a lot of good private clinics but not many people can afford them so what is the point on having them,just for the millionaires,does not make any sense to me.

Unfortunately the last two decades where the average Russian increased his personal earnings during Putin regime it is all going straight into the garbage now because of the error of one man and no one is up to protest about it,that is a catastrophic economic mistake that Russia is making and people there are supporting this mistake.

FP91G

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Activity: 1834

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Quote from: swogerino on December 02, 2022, 05:15:23 PM

Quote from: FP91G on December 02, 2022, 05:20:54 AM

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings

You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

Don't worry now Putin will make sure this goes well below 70 with the stupidity of isolating Russia further and further.I don't want to bring this thread to political views but it is impossible when Russia is mentioned now,the fact that they ask for important parts for their technology chain from India says a lot to me and since Russia is already with this war about 40-50 years behind in technology compared to the West they better stop this war and sit down in the negotiations table rather than isolating further Russia up to a point where there is no return.

Russia has good medicine and a lot of good private clinics, but not all people can afford expensive treatment. I have a mining farm in the village, and you can meet a lot of people over 80 years old there. And if you want to live long, then you need to leave the city for the countryside, breathe fresh air and buy natural products, and not what they sell in stores in the city.

joker_josue

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Activity: 1862

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Quote from: philipma1957 on December 03, 2022, 12:13:19 AM

Growing up in New York city I have had quite a few russian friendships. I still am very close to a Russian couple that I know since 1997. Roman and I would often talk politics he fled Russian in 1989 when he was around 23. I look at the world with a viewpoint from 1961 on.

I remember the cold war as a child. We are heading back to that time. It is sad. Who is to blame?
I guess we all are just a bit responsible , but it is sad to see the world turning and burning time after time.

Not wanting to feed the offtopic, I usually say that history repeats itself. Humanity does not learn from the past, the players change but the result is always the same.
If we look closely at the history of civilizations, there must be very few cases where wars have calmed down for periods longer than 100 years. Maybe, at the time of the inquisition in Europe, there weren't so many wars between nations, but it wasn't a good time to live either.

philipma1957

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'The right to privacy matters'

Quote from: swogerino on December 02, 2022, 05:15:23 PM

Quote from: FP91G on December 02, 2022, 05:20:54 AM

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings

You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

Don't worry now Putin will make sure this goes well below 70 with the stupidity of isolating Russia further and further.I don't want to bring this thread to political views but it is impossible when Russia is mentioned now,the fact that they ask for important parts for their technology chain from India says a lot to me and since Russia is already with this war about 40-50 years behind in technology compared to the West they better stop this war and sit down in the negotiations table rather than isolating further Russia up to a point where there is no return.

Growing up in New York city I have had quite a few russian friendships. I still am very close to a Russian couple that I know since 1997. Roman and I would often talk politics he fled Russian in 1989 when he was around 23. I look at the world with a viewpoint from 1961 on.

I remember the cold war as a child. We are heading back to that time. It is sad. Who is to blame?
I guess we all are just a bit responsible , but it is sad to see the world turning and burning time after time.

swogerino

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Bitcoin Casino Est. 2013

Quote from: FP91G on December 02, 2022, 05:20:54 AM

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings

You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

Don't worry now Putin will make sure this goes well below 70 with the stupidity of isolating Russia further and further.I don't want to bring this thread to political views but it is impossible when Russia is mentioned now,the fact that they ask for important parts for their technology chain from India says a lot to me and since Russia is already with this war about 40-50 years behind in technology compared to the West they better stop this war and sit down in the negotiations table rather than isolating further Russia up to a point where there is no return.

philipma1957

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'The right to privacy matters'

Quote from: FP91G on December 02, 2022, 05:20:54 AM

Quote from: philipma1957 on December 01, 2022, 11:56:39 AM

Quote from: FP91G on December 01, 2022, 03:51:30 AM

Quote from: joker_josue on November 30, 2022, 06:59:00 AM

Quote from: FP91G on November 30, 2022, 03:59:40 AM

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed.

Okay lets say I have 10000 usd in USA I bonds.

Some pay 6.9% others pay 9.62%

pretend it comes to 8% for a year or 800 usd

so 10000 turns into 10800. basically a perfectly pegged USD token as it is USD.

Lets pretend I have 10000 in eth staked on coinbase.

my 300 dropped to 250 even with the 6.85% they are promising which by the way is up from 4%

if i had done 10000 it would be around 8300 as eth dropped. it is a bit more eth but less value based on the dollar price of eth.

I am fine with doing speculation as long as I hedge.

so 10000 in an ibond
and 10000 in eth stake.

means a year later.

10800 = ibond free to move around
? in eth stake likely to still be frozen 🥶

so my ibond move acts as a hedge against my eth stake.

this is why A us bond is okay to do.

will it profit against inflation maybe or maybe not but it will be liquid and close to a profit.

while the 10000 in eth could be way up or way down liquid or frozen.

I can do the eth move a lot more easily knowing I have the stable I-bond position.

I am older 65. I cant think hodl for 20 years. but I can do a 2 year flyer on the eth stake cause I know I have the safe i bonds

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings

You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

At 85 Having a few million more than I do now is not a major goal for me.

If I had been smarter back in 2011 or 2012 and had the extra few million now it would have been nice. Grin

FP91G

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Quote from: philipma1957 on December 01, 2022, 11:56:39 AM

Quote from: FP91G on December 01, 2022, 03:51:30 AM

Quote from: joker_josue on November 30, 2022, 06:59:00 AM

Quote from: FP91G on November 30, 2022, 03:59:40 AM

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed.

Okay lets say I have 10000 usd in USA I bonds.

Some pay 6.9% others pay 9.62%

pretend it comes to 8% for a year or 800 usd

so 10000 turns into 10800. basically a perfectly pegged USD token as it is USD.

Lets pretend I have 10000 in eth staked on coinbase.

my 300 dropped to 250 even with the 6.85% they are promising which by the way is up from 4%

if i had done 10000 it would be around 8300 as eth dropped. it is a bit more eth but less value based on the dollar price of eth.

I am fine with doing speculation as long as I hedge.

so 10000 in an ibond
and 10000 in eth stake.

means a year later.

10800 = ibond free to move around
? in eth stake likely to still be frozen 🥶

so my ibond move acts as a hedge against my eth stake.

this is why A us bond is okay to do.

will it profit against inflation maybe or maybe not but it will be liquid and close to a profit.

while the 10000 in eth could be way up or way down liquid or frozen.

I can do the eth move a lot more easily knowing I have the stable I-bond position.

I am older 65. I cant think hodl for 20 years. but I can do a 2 year flyer on the eth stake cause I know I have the safe i bonds

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings

You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: FP91G on December 01, 2022, 03:51:30 AM

Quote from: joker_josue on November 30, 2022, 06:59:00 AM

Quote from: FP91G on November 30, 2022, 03:59:40 AM

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed.

Okay lets say I have 10000 usd in USA I bonds.

Some pay 6.9% others pay 9.62%

pretend it comes to 8% for a year or 800 usd

so 10000 turns into 10800. basically a perfectly pegged USD token as it is USD.

Lets pretend I have 10000 in eth staked on coinbase.

my 300 dropped to 250 even with the 6.85% they are promising which by the way is up from 4%

if i had done 10000 it would be around 8300 as eth dropped. it is a bit more eth but less value based on the dollar price of eth.

I am fine with doing speculation as long as I hedge.

so 10000 in an ibond
and 10000 in eth stake.

means a year later.

10800 = ibond free to move around
? in eth stake likely to still be frozen 🥶

so my ibond move acts as a hedge against my eth stake.

this is why A us bond is okay to do.

will it profit against inflation maybe or maybe not but it will be liquid and close to a profit.

while the 10000 in eth could be way up or way down liquid or frozen.

I can do the eth move a lot more easily knowing I have the stable I-bond position.

I am older 65. I cant think hodl for 20 years. but I can do a 2 year flyer on the eth stake cause I know I have the safe i bonds

joker_josue

legendary

Activity: 1862

Merit: 5154

**In BTC since 2013**

Quote from: FP91G on December 01, 2022, 03:51:30 AM

I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed.

If they are the same, the result is zero. That is, it is true that I do not win, but I do not lose either.
Anyone who has the opportunity to make this type of investment at least knows that it will partially mitigate the impact of inflation.
Of course, this will not work in all countries or for all types of people, but in some cases it is a viable option.

FP91G

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Activity: 1834

Merit: 1136

Quote from: joker_josue on November 30, 2022, 06:59:00 AM

Quote from: FP91G on November 30, 2022, 03:59:40 AM

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed.

joker_josue

legendary

Activity: 1862

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Quote from: philipma1957 on November 30, 2022, 09:14:59 PM

Quote from: arielbit on November 30, 2022, 07:08:04 PM

LOL there's a reason why you, him and me are years and years into crypto Grin

.

Yep but every once in a while US bonds are a good hedge.

First time in over 15 years Grin

Furthermore, surely many of us got into Bitcoin with financial dependence in mind and not with the aim of obtaining financial returns (although that is another advantage of Bitcoin).

Government securities, on the other hand, are investments with the sole objective of obtaining a return. Invest 1000$ today, for 1-2 years from now we will have 1100$. And we know it's a guaranteed return, unless the country goes bankrupt. That in the case of the US, if that happens, money would be the least of our problems...

philipma1957

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'The right to privacy matters'

Quote from: arielbit on November 30, 2022, 07:08:04 PM

Quote from: joker_josue on November 30, 2022, 06:59:00 AM

Quote from: FP91G on November 30, 2022, 03:59:40 AM

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

LOL there's a reason why you, him and me are years and years into crypto Grin

.

Yep but every once in a while US bonds are a good hedge.

First time in over 15 years Grin

Topic: So much for PoS from PoW for ETH - page 2. (Read 945 times)