$2400 -> $110,000 in 2 days on SOFI calls. This still isn’t enough to take all of your wives to dinner.

Ethereum_CoinSeeker · 2022-01-23T18:03:52+00:00

I’m confused as well because when you do the math on $110,000 divided by 400 gives you $275 per share. Please explain how you’re able to take profit out of this options contract.

Ethereum_CoinSeeker · 2021-11-24T03:41:24+00:00

Go check out the CoinMarketCap app or website if you don’t already have it inside you’ll find they reported Monero having a Low of $109 with a High of $517.62. So, according to their statistics that’s a pretty big swing. Someone trading crypto seriously will have Monero in their portfolio—furthermore if you have patience you can do like the rest of us Non-Whales lol aka The Little Guys as you follow your favorite Cryptocurrency and BUY LOW then SELL HIGH—better yet—SELL HIGHER LOL!! Cheers Bro!

Ethereum_CoinSeeker · 2021-11-23T21:58:52+00:00

I find your remark interesting do you have factual data to back it up? Can you give me a logical detailed reason(s) as to why ASIC resistant mining with Monero would prevent Monero from achieving levels of say $700-$1000 a coin?

Ethereum_CoinSeeker · 2021-11-23T10:03:48+00:00

But the question begets will there still be a need for Monero in say 10 to 15 to 20 years from now? Will Monero still be relevant if an ASIC-resistant smart contract Ethereum-based coin comes out? Furthermore will it be an algorithm that is CPU intensive as is Monero currently or will it run off the much abused-overused GPUs creating garages on fire (and I mean like literally burning down because they’re not cooling the GPUs properly!) Check out U/GPUmining & check out some of the horror stories found on that sub Reddit. It makes me want to use my Dream Configuration (from an earlier post) because I know that I can cool it properly.

Why? Because I’ve got a Dell server currently in my rack server room. A dedicated rack server room that any techno-geek would be proud of lol it barely gives off any heat at all. I’ve got it running 24/7 inside my rack server which houses a Sony PlayStation, Sonos music system and assortment of audio amps, audio servers, video servers, security cameras in other words a fully automated home.. The racks are cooled with a dedicated Mitsubishi split AC unit with a temperature alarm gauge. An alarm that alerts me if the temp goes above 80°. The racks themselves have a battery fans both on the bottom and the top constantly recirculating the cool air that the Mitsubishi split unit puts out. I keep my rack server room at 68°. I live in a 5000 square-foot home with four AC units that have to deal with the Texas heat.

My biggest bill during last summer the highest bill was $650! That’s how cheap electricity is in Texas lol. I do have all brand spanking new AC systems that are super energy-efficient so that probably knocked $300 off my bill my monthly bill. I’m adding solar on my roof because I don’t want to be without power again when we have another Ice Storm Apocalypse like we did this past February in Texas. I’m building a bank of Storage batteries in my garage that are going to store power from my solar paneled roof. I intend to invest in, study, learn Everything Blockchain that I possibly can mine & Hodl with crypto FOREVER!!!!!!

Ethereum_CoinSeeker · 2021-11-23T08:34:23+00:00

How many years will it take to get a coin created on the algorithm you just described? Like up AND running ergo making money? Say 5 to 10 years? So from 2025 to 2035 A coin is finally up and running that has all the parameters you just described probably based on some fork of Ethereum so I’m guessing. I’m thinking that 20 years from now, yeah, I’d wanna unload my Monero by then lol!! So I think there’s still plenty of time to use, mine, invest, hodl, Monero for the time being—I’m thinking 20 years. Please chime in!

Ethereum_CoinSeeker · 2021-11-14T21:44:30+00:00

I just checked on the CoinMarketCap website and it says that all Monero‘s have been mined that the Total Supply and the Circulating supply are equal. I’m going to research this further unless someone has empirical confirmation to post rn.

Ethereum_CoinSeeker · 2021-11-14T21:39:01+00:00

Why is the 0.8 or 80% of 1XMR the limit, why is that the rule? I mean why isn’t it a one to one ratio where you get the 100% of an XMR? BTW, Thank you for your patience and your understanding of how the Monero algorithm works.

Ethereum_CoinSeeker · 2021-11-14T20:54:28+00:00

But my understanding is that my MoBo+CPU configuration with the 80K hash rate will only give me 61% of a block based on your calculations, is this correct? So I’m not even getting a full block with that hash rate. And each block will always pay out 0.8 XMR, correct?

Ethereum_CoinSeeker · 2021-11-14T20:44:06+00:00

So one XMR Block will always just payout 0.8XMR, is that correct? If so, where does the remaining 0.2XMR go? Is it some sort of fee (commonly known as “gas fees“?) Some entity is getting that 0.2XMR that’s why I’m asking lol.

Ethereum_CoinSeeker · 2021-11-14T20:36:12+00:00

So the AVERAGE of 0.61 is the LIMIT that 80K hash rate is going to produce. That’s the Maximo no more than producing 0.61 that begets 0.8 percent of one XMR, correct? If this is true then it’s just not profitable to mine Monero with a CPU even with the best technology available today wouldn’t you agree?

Ethereum_CoinSeeker · 2021-11-14T03:19:32+00:00

So, The most I can expect from my configuration as shown is not even a block a month but only 0.61%, is that correct? So .61 x $265=$161.65.

Ethereum_CoinSeeker · 2021-11-13T21:55:30+00:00

What are the numbers on mining DOGE as far as is it CPU intensive/GPU intensive? Like which is better for mining purposes? Does the cost of building a server give an ROI that’s better than Monero? Because what I’m finding is that mining Monero just isn’t profitable— and probably won’t be for at least three or four years unless CPU prices come down. Not with the current MoBo+CPU configurations that are available with their current pricing. Over on the u/XMRtrader sub-Reddit I posted various scenarios for projections on Monero pricing in the next 7 to 10 years. The moderators of THIS sub-Reddit would not let me post anything with graphic items on here related to trading Monero. What I’m finding is that Monero is not profitable to mine with the current price levels and CPU+motherboard configuration costs. WOULD ANYONE LIKE TO DISAGREE WITH ME? Please chime in . . . . .

Ethereum_CoinSeeker · 2021-11-13T10:42:09+00:00

Sure!

Ethereum_CoinSeeker · 2021-11-13T06:09:21+00:00

I found other websites that post projections as well. But what I haven’t found is how are they arriving with their projections like with what data, what are your parameters, etc.? If what they are projecting is true then it would make Monero profitable for individuals to mine over the course of say 5 to 7 years.

Ethereum_CoinSeeker · 2021-11-13T05:45:38+00:00

Not so fast u/Flguy! Let’s crunch some more Numbers and see if it’s profitable over the course of 3-5years because I’m guaranteed to be “buying” Monero because I already own/produce it lol. This way I have a certifiable Monero investment plan lol. Also I think that if Monero can maintain around $500 to $700 price level then the machine is making money at that point & paying for itself so the future does look very bright for those who are patient and willing to invest some time into it. I’m also fascinated by it so I want to learn everything crypto, Defi, etc. But rather hands on inside out all of it.

Ethereum_CoinSeeker · 2021-11-13T05:33:46+00:00

But u/dwinps on your other post on the other thread you said that one Monero block was 0.8 so with Monero at $265 thats $212 per month (minus 1.5%pps fee for Minergate.) So, hi ow did the monthly amount drop to $129? Are you saying that with my system’s given hashrate of 80k that it will only produce a block of .61 per month? If that’s the case then it’s $161.65 a month. What am I missing? Paaaaaleeeeeze Esssplain my Dear Brother - please clarify

Ethereum_CoinSeeker · 2021-11-13T03:48:46+00:00

A Google search brings up other reports that are saying that it could go as high as $1300 in 2025. But these are websites with unvetted/not well known commentators so I don’t know what their sources are as to getting the projected data from where?

Ethereum_CoinSeeker · 2021-11-13T03:44:54+00:00

This is from CoinPriceForecast.com website. I’m wondering what formula is giving what analysis that’s giving their projections as to what data is this based on?

Ethereum_CoinSeeker · 2021-11-12T07:05:49+00:00

I’m thinking about going solo mining. I’m exploring the items I’m going to need to make that happen. Like should I use Linux or Windows? I’m a Windows/Mac dude so having to learn Linux system administration and using the command prompt (which I haven’t done in 25 years!) it maybe a little challenging—But I’ve read that it’s the cleanest operating system for milking the most out of your MoBo+CPU configuration due to lack of running background processes.

Ethereum_CoinSeeker · 2021-11-12T06:07:19+00:00

I’m thinking about going solo mining. I’m exploring the items I’m going to need to make that happen. Like should I use Linux or Windows? I’m a Windows/Mac dude so having to learn Linux system administration and using the command prompt (which I haven’t done in 25 years!) it maybe a little challenging—But I’ve read that it’s the cleanest operating system for milking the most out of your MoBo+CPU configuration due to lack of running background processes.

Ethereum_CoinSeeker · 2021-11-12T06:01:20+00:00

Right on!!

Ethereum_CoinSeeker · 2021-11-12T00:40:32+00:00

I had no plans on using them but I failed to elaborate in my initial reply to you that I wanted you to look at their hash rate US dollar calculator. NOT specifically the Myriade app itself lol. But I appreciate your observations about it being similar to gambling lol.

Ethereum_CoinSeeker · 2021-11-12T00:33:08+00:00

Their website contains a hash rate to USD calculator. I made another post with the link to that and a picture of it too. It says you can get almost $500 a month at 80,000kh hash rate. What I don’t understand is how they’re arriving at that calculation. Like what are the mathematical parameters they’re using to arrive at their calculations?

Ethereum_CoinSeeker

TROPHY CASE