Topic: [XMR] Monero Speculation - page 1846. (Read 3314350 times)
You are much much better off buying Monero for that 5K, especially at it's current low price.
+1
There is little chance Monero will stay at such low prices/low hashrate as it is now, during the long time it will take to recoup your initial investment (couple of years maybe). If by then it's less than now, it will be probably completely dead, in which case your 5k (or working towards it) won't matter. If it's more, you'll kick yourself for not getting 5k for the price of today.
I'm not saying you shouldn't mine, but that if you have a significant initial investment in order to mine, there is very little change that this strategy brings more than buying 5k directly instead, considering all possible outcomes.
In addition to all said before keep in mind that the moment Monero starts appreciating in price the hashrate will probably double pretty quickly cutting your expected mining rewards by half.
Do you see XMR getting a slingshot effect from the current rally of 1st gen altcoins (LTC/NMC/PPC etc)?
No opinion. I am trying to restrict my views to higher confidence, better informed, cases these days. I do think the next XMR ATH is one day closer than it was yesterday, though, and try to maintain my fraction until then.
I also think silver is likely to have a good fortnight or so upcoming before the next leg down. That is fairly high confidence and quite easily accessible for retail.
I would not short China here. Short eurnok is tempting, but I can not really recommend it for most people, particularly as it might be a bit premature. It is working for me at the moment, but can easily sting as well. Long usdjpy is safer, as is short XAUXAG, over a weeks, maybe a month. U.s. shares are due a relief rally at least. If Iran comes to market soon, oil should tank again.
I try to focus on long term because predictions (5+ years) over short term.
I think sliver will do well in comparison to gold but maybe not in comparison to other markets
Chinese equity markets are very volatile. Over the next 5+ years I think they will do fine but big swings along the way are likely
I think Euro and US Dollar will have a hard time over the next decade. Short term, who knows.
I am bullish on oil, clean water tech and agriculture long term
And of course I believe in crypto and Monero most of all
You are much much better off buying Monero for that 5K, especially at it's current low price.
+1
There is little chance Monero will stay at such low prices/low hashrate as it is now, during the long time it will take to recoup your initial investment (couple of years maybe). If by then it's less than now, it will be probably completely dead, in which case your 5k (or working towards it) won't matter. If it's more, you'll kick yourself for not getting 5k for the price of today.
I'm not saying you shouldn't mine, but that if you have a significant initial investment in order to mine, there is very little change that this strategy brings more than buying 5k directly instead, considering all possible outcomes.
What is the better way to get around 5k USD value XMR: buy it at current price (190k) or mine it?
Mine it if you have access to a boatload of free electricity and hardware.
Otherwise buy it.
I have free electricity but no free hardware
then yeah, buy it. Otherwise you're looking at buying thousands of dollars worth of 290X's in order to get 5k XMR in any reasonable amount of time.
But what if I buy the mining equipment for several k of USD, mine and sell 5k USD value XMR and then:
1. Continue mining XMR or other coin or
2. Sell the mining hardware with 20-30% discount of the original price
You are much much better off buying Monero for that 5K, especially at it's current low price.
What is the better way to get around 5k USD value XMR: buy it at current price (190k) or mine it?
Mine it if you have access to a boatload of free electricity and hardware.
Otherwise buy it.
I have free electricity but no free hardware
then yeah, buy it. Otherwise you're looking at buying thousands of dollars worth of 290X's in order to get 5k XMR in any reasonable amount of time.
But what if I buy the mining equipment for several k of USD, mine and sell 5k USD value XMR and then:
1. Continue mining XMR or other coin or
2. Sell the mining hardware with 20-30% discount of the original price
to the mining thread we go!!!
https://bitcointalksearch.org/topic/m.11834227
What is the better way to get around 5k USD value XMR: buy it at current price (190k) or mine it?
Mine it if you have access to a boatload of free electricity and hardware.
Otherwise buy it.
I have free electricity but no free hardware
then yeah, buy it. Otherwise you're looking at buying thousands of dollars worth of 290X's in order to get 5k XMR in any reasonable amount of time.
But what if I buy the mining equipment for several k of USD, mine and sell 5k USD value XMR and then:
1. Continue mining XMR or other coin or
2. Sell the mining hardware with 20-30% discount of the original price
You need to have a pretty low $/kWh price to make a profit even with that it will take a substantial amount of time to break even. Furthermore, this is alpha stage software which brings in additional risks. So in conclusion, it's less risky and might be even more profitable to buy XMR instead of mining it, unless you have a pretty good kWh price and a good knowledge of setting up a mining "farm" yourself.
EDIT: Shit, just saw you got free electricity, in that case it might be worth a shot. But bear in mind the risks with mining and the risk of mining a less established coin (compared to for instance Bitcoin).
What is the better way to get around 5k USD value XMR: buy it at current price (190k) or mine it?
Mine it if you have access to a boatload of free electricity and hardware.
Otherwise buy it.
I have free electricity but no free hardware
then yeah, buy it. Otherwise you're looking at buying thousands of dollars worth of 290X's in order to get 5k XMR in any reasonable amount of time.
But what if I buy the mining equipment for several k of USD, mine and sell 5k USD value XMR and then:
1. Continue mining XMR or other coin or
2. Sell the mining hardware with 20-30% discount of the original price
Do you see XMR getting a slingshot effect from the current rally of 1st gen altcoins (LTC/NMC/PPC etc)?
No opinion. I am trying to restrict my views to higher confidence, better informed, cases these days. I do think the next XMR ATH is one day closer than it was yesterday, though, and try to maintain my fraction until then.
I also think silver is likely to have a good fortnight or so upcoming before the next leg down. That is fairly high confidence and quite easily accessible for retail.
I would not short China here. Short eurnok is tempting, but I can not really recommend it for most people, particularly as it might be a bit premature. It is working for me at the moment, but can easily sting as well. Long usdjpy is safer, as is short XAUXAG, over a weeks, maybe a month. U.s. shares are due a relief rally at least. If Iran comes to market soon, oil should tank again.
What is the better way to get around 5k USD value XMR: buy it at current price (190k) or mine it?
Mine it if you have access to a boatload of free electricity and hardware.
Otherwise buy it.
I have free electricity but no free hardware
then yeah, buy it. Otherwise you're looking at buying thousands of dollars worth of 290X's in order to get 5k XMR in any reasonable amount of time.
What is the better way to get around 5k USD value XMR: buy it at current price (190k) or mine it?
Mine it if you have access to a boatload of free electricity and hardware.
Otherwise buy it.
I have free electricity but no free hardware
What is the better way to get around 5k USD value XMR: buy it at current price (190k) or mine it?
Mine it if you have access to a boatload of free electricity and hardware.
Otherwise buy it.
I would not worry so much about a coin that comes with superior technology.
We have seen that bitcoin has a tech from 2008 with improvements of developers.
Basically the only advantage bitcoin has over the other coins is the network of bagholders.
In my opinion, techwise Monero is good enough to replace bitcoin as it doesn't have public blockchain. Also bitcoin network is getting filled with transactions and a confirmation takes awfully long time. Sometimes even more than 1 hour it takes to get even the first confirmation.
I am looking forward to the era when Monero gets own fiat exchange and this will make bitcoin useless as bitcoin is a mere token for buying Moneros.
We have seen that bitcoin has a tech from 2008 with improvements of developers.
Basically the only advantage bitcoin has over the other coins is the network of bagholders.
In my opinion, techwise Monero is good enough to replace bitcoin as it doesn't have public blockchain. Also bitcoin network is getting filled with transactions and a confirmation takes awfully long time. Sometimes even more than 1 hour it takes to get even the first confirmation.
I am looking forward to the era when Monero gets own fiat exchange and this will make bitcoin useless as bitcoin is a mere token for buying Moneros.
Confirmation time is not an advantage for XMR. When it becomes popular, there will be numerous transactions. The block limit will be filled easily. Because of its anonymous feature, it will use much more disk space.
The main issue of XMR is that it can be mined by CPU efficiently, which server manager and botnet have loads. They will dump at any price as there is no cost of electricity to them. That is one reason the price is low.
Somewhat agree, however they can also point there botnet to other malicious things, so there somewhat is a marginal cost for them. I agree that it's currently not helping the price, but once the price gets higher, I expect the hashrate to increase and thus the hashrate share of botnets to dilute.
1. "Free in Estonia" is a trade term that means you can pick up your silver in Tallinn all local taxes and duties paid. If you want it transported, it's on your expense.
2. I think it is more bullish when I stop doing those marketcap comparisons, or especially when I start making them after a long delay (which I did both March and October 2013, both right before big rallies).
3. Total silver mined by humans is 45 Boz, of which about 20 B remain, making the market cap about $300 B. I don't know if Anunnaki etc. were as interested in silver as they were of gold, which makes the total ambiguous. Also most of the 20 Boz is nowhere to be seen, my records show that even in 1980 when the price went up 10x in months, only 2 Boz surfaced.
2. I think it is more bullish when I stop doing those marketcap comparisons, or especially when I start making them after a long delay (which I did both March and October 2013, both right before big rallies).
3. Total silver mined by humans is 45 Boz, of which about 20 B remain, making the market cap about $300 B. I don't know if Anunnaki etc. were as interested in silver as they were of gold, which makes the total ambiguous. Also most of the 20 Boz is nowhere to be seen, my records show that even in 1980 when the price went up 10x in months, only 2 Boz surfaced.
What is the better way to get around 5k USD value XMR: buy it at current price (190k) or mine it?
What do u think about VNL coin tech?
Do you have something substantial and relevant to say about it, or are you just spamming?
I`m not spamming. I`m not a coder and would like to listen the opinion of a coder about VNL tech.
As an average user, I would place XMR and VNL at the same level. Both have decentralized anon sending.
There are better places to discuss that than a Monero Speculation thread.
Maybe here?
https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449
What do u think about VNL coin tech?
Do you have something substantial and relevant to say about it, or are you just spamming?
I`m not spamming. I`m not a coder and would like to listen the opinion of a coder about VNL tech.
As an average user, I would place XMR and VNL at the same level. Both have decentralized anon sending.
There are better places to discuss that than a Monero Speculation thread.
I would not worry so much about a coin that comes with superior technology.
We have seen that bitcoin has a tech from 2008 with improvements of developers.
Basically the only advantage bitcoin has over the other coins is the network of bagholders.
In my opinion, techwise Monero is good enough to replace bitcoin as it doesn't have public blockchain. Also bitcoin network is getting filled with transactions and a confirmation takes awfully long time. Sometimes even more than 1 hour it takes to get even the first confirmation.
I am looking forward to the era when Monero gets own fiat exchange and this will make bitcoin useless as bitcoin is a mere token for buying Moneros.
We have seen that bitcoin has a tech from 2008 with improvements of developers.
Basically the only advantage bitcoin has over the other coins is the network of bagholders.
In my opinion, techwise Monero is good enough to replace bitcoin as it doesn't have public blockchain. Also bitcoin network is getting filled with transactions and a confirmation takes awfully long time. Sometimes even more than 1 hour it takes to get even the first confirmation.
I am looking forward to the era when Monero gets own fiat exchange and this will make bitcoin useless as bitcoin is a mere token for buying Moneros.
Confirmation time is not an advantage for XMR. When it becomes popular, there will be numerous transactions. The block limit will be filled easily. Because of its anonymous feature, it will use much more disk space.
The main issue of XMR is that it can be mined by CPU efficiently, which server manager and botnet have loads. They will dump at any price as there is no cost of electricity to them. That is one reason the price is low.
There is no fixed block limit in Monero (or other cryptonote coins). It remain to be seen whether that causes other problems but a backlog of the sort Bitcoin is facing now won't be one of them.
What do u think about VNL coin tech?
Do you have something substantial and relevant to say about it, or are you just spamming?
I`m not spamming. I`m not a coder and would like to listen the opinion of a coder about VNL tech.
As an average user, I would place XMR and VNL at the same level. Both have decentralized anon sending.
I would not worry so much about a coin that comes with superior technology.
We have seen that bitcoin has a tech from 2008 with improvements of developers.
Basically the only advantage bitcoin has over the other coins is the network of bagholders.
In my opinion, techwise Monero is good enough to replace bitcoin as it doesn't have public blockchain. Also bitcoin network is getting filled with transactions and a confirmation takes awfully long time. Sometimes even more than 1 hour it takes to get even the first confirmation.
I am looking forward to the era when Monero gets own fiat exchange and this will make bitcoin useless as bitcoin is a mere token for buying Moneros.
We have seen that bitcoin has a tech from 2008 with improvements of developers.
Basically the only advantage bitcoin has over the other coins is the network of bagholders.
In my opinion, techwise Monero is good enough to replace bitcoin as it doesn't have public blockchain. Also bitcoin network is getting filled with transactions and a confirmation takes awfully long time. Sometimes even more than 1 hour it takes to get even the first confirmation.
I am looking forward to the era when Monero gets own fiat exchange and this will make bitcoin useless as bitcoin is a mere token for buying Moneros.
Confirmation time is not an advantage for XMR. When it becomes popular, there will be numerous transactions. The block limit will be filled easily. Because of its anonymous feature, it will use much more disk space.
The main issue of XMR is that it can be mined by CPU efficiently, which server manager and botnet have loads. They will dump at any price as there is no cost of electricity to them. That is one reason the price is low.
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