All Forum Posts by: Joe Lambert

Interesting thought there @Joe Lambert. If you end up testing it, let me know how it goes. It would make an excellent case study! Were you thinking about starting small with one or two miners? 

Hey @Joe Lambert, that idea has been floated around the crypto mining community for a while now. The problem is profitability of the actual at home mining rigs. You can go pick up a few Bitmains with fair hash rates and start mining bitcoin, but I don't see too many pools that are profitable for residential electric plans. You might have better luck mining a different coin/token right now if you'd like to achieve profitability first, then hope that the rigs actually warm the surrounding area. 

The money spent on the Bitmain or other mining rig might be better aimed at some form of insulation improvements. For reference, I mine Helium (HNT) using rigs in several of my rental properties. The miners don't use nearly as much electricity compared to BTC rigs, but it is a good way of adding additional diversified income streams to your portfolio.

First she documented the alt-right. Now she’s coming for crypto. (worldnewsera.com

“Most of my disdain is reserved for the big players who are marketing this to a mainstream audience as though it’s an investment, often promising to be a ticket out of a really tough financial spot for people who don’t have many options,” White said. “It’s very predatory.”

@Rob Kishi I know this is going to sound like my tinfoil hat is on a little too tight but...

it seems possible, if not likely, that the keepers of the banking system status quo will start up a digital currency backed by the treasury and then make rules that will protect the interests of the status quo. It's hard to say where that will leave "outsiders" like bitcoin...

B, it's not currency. It's property. Do you check your house value every day?

Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like: digital currency, digital cash, virtual currency, electronic currency, digital gold, or cryptocurrency.

You need to find Satoshi and let him know you are moving the goal posts. 

Crypto is starting to lose its cool – just look at El Salvador | Rowan Moore | The Guardian

Fantasies of a Bitcoin City have been undermined by the country’s huge losses in cryptocurrency

All Those Celebrities Pushing Crypto Are Not So Vocal Now – DNyuz

If we could get everyone to agree that rocks hold value, they would. Whether it's the dollar, or Bitcoin unless there's something tangible that backs them, the only value they actually have is what is perceived and agreed upon. Why we moved away from the gold standard is perplexing. 

In reality, the most valuable commodity on earth right now is water, and that's why all the billionaires are buying up all the farms and orchards. Water will be what wields true power in the future, and the water barons are quickly amassing it. 

As to Bitcoin it's still something that will be able to be tracked by the governments. The fear of government is the new technology that will allow for money to be put into a system they cannot control and track. If you let your mind wander you can see the complete collapse of the existing financial system world wide, then what?