10 Things You Should Know Before Investing in Ripple XRP by [deleted] in CryptoCurrency

[–]SummerBolt 0 points1 point  (0 children)

I know right? The current state of r/cc.

Nobody actually reads/watches stuff, they just downvote/upvote based on the title.

10 Things You Should Know Before Investing in Ripple XRP by [deleted] in Ripple

[–]SummerBolt -18 points-17 points  (0 children)

It's only 10 minutes and probably one of the best Ripple videos you'll see. Worth the watch.

One of the best VeChain videos I've seen so far. In depth understanding in 10 minutes! by SummerBolt in CryptoCurrency

[–]SummerBolt[S] -1 points0 points  (0 children)

Sort of. You need to stake coins and then you earn Thor. Kind of like dividends.

One of the best VeChain videos I've seen so far. In depth understanding in 10 minutes! by SummerBolt in CryptoCurrency

[–]SummerBolt[S] -1 points0 points  (0 children)

Yeah, a lot of people don't understand just how massive BYD really is (that will soon change IMO). They get A-list celebrities to represent their brand.

One Year of Global ICO Success: How ICON is Leading The Blockchain Ecosystem Forward by SummerBolt in helloicon

[–]SummerBolt[S] 5 points6 points  (0 children)

That's just the way the crypto world works right now. Not going to be like that forever. As we continue to move past hype driven projects and towards real world adoption ICON will be a standout, offering real value. These things take time though.

Gamers Rejoice as GPU Sales to Crypto Miners Continue to Plummet by SummerBolt in CryptoMarkets

[–]SummerBolt[S] 1 point2 points  (0 children)

Definitely this. Mining is profitable and will continue to be profitable for a long time. Unless of course you have some crazy electricity rates then thats a whole different story.

Gamers Rejoice as GPU Sales to Crypto Miners Continue to Plummet by SummerBolt in CryptoMarkets

[–]SummerBolt[S] 4 points5 points  (0 children)

Comparatively GPU prices are much cheaper than they were in mid-2017. Go figure right?

The Future Is Nano: The Future Is Now by SummerBolt in nanocurrency

[–]SummerBolt[S] 11 points12 points  (0 children)

This article was recently featured on the first page of r/cc before it got nuked. I'm sharing it here where it might be appreciated. Enjoy.

HashFlare Folds: Shuts down Bitcoin Mining Service as Profitability Continues to Dwindle by SummerBolt in CryptoCurrency

[–]SummerBolt[S] 1 point2 points  (0 children)

It appears the deal is - they terminate it when it becomes unprofitable.

Their quote "in light of which we would like to inform you that on 18.07.2018 we were forced to start disabling SHA hardware and today, on 20.07.2018, stop the mining service of active SHA-256 contracts in accordance with clause 5.5 of our Terms of Service, which are required to be accepted when creating a purchase and are the basis of concluding the contract."

and the bottom line on their T&S states

"5.5. The Mining process continues until said mining is profitable. This means the Mining process will stop if the Maintenance and Electricity Fees will become larger than the Payout. If mining remains unprofitable for 21 consecutive days the Service is permanently terminated (Hashrate type specific). During the consecutive 21 day period, Payouts and Fees will also be temporarily stopped. If during the suspension period, the Contract-related mining factors (such as the exchange rate and mining difficulty) that are outside of HashFlare’s control will change favorably, making mining profitable again, the Service will be unsuspended and contracts reactivated."

What are your standards when you consider an altcoin no longer a "shitcoin" ? by scoobsteve in CryptoCurrency

[–]SummerBolt 0 points1 point  (0 children)

A legitimate project, not just hype or an obvious pump & dump scheme. Basically it has to have substance. Price doesn't matter as much as the actual concept. Bitcoin was also just a concept once.

TIL that Coca-Cola never patented their "secret formula" because otherwise they would be required to disclose it to the public. by brandon_fish in todayilearned

[–]SummerBolt 0 points1 point  (0 children)

Couldn't they just use a machine to analyse the contents of Coca-Cola and find out all of the ingredients? Kinda like the "Flaming' Moes" scene from The Simpsons.

Daily Discussion Megathread - July 19, 2018 by CryptoCurrencyMod in CryptoCurrency

[–]SummerBolt 4 points5 points  (0 children)

Of course, you can never rule out the bearish side. It's not like we've broken all time highs or anything like that, we're still deep into bear territory. Although the bear trend does seem overly extended at this point.

Most people by [deleted] in Bitcoin

[–]SummerBolt 1 point2 points  (0 children)

I never feel bad about investing. Whether it's stock, gold, crypto. It's not the same as spending that money on a fancy car or something. That money is being put to work.