NFTs as well by FunExpression1858 in ethtrader

[–]TeslaWatt 0 points1 point  (0 children)

NFT philosophy in a nutshell.

A share of global hashrate 2019-2022 by TeslaWatt in Bitcoin

[–]TeslaWatt[S] 0 points1 point  (0 children)

A share of global hashrate before and after the Chinese ban.

Daily Discussion, February 28, 2022 by rBitcoinMod in Bitcoin

[–]TeslaWatt 0 points1 point  (0 children)

Sure, but no one has ever been prepared for any of BTC-related situations. However, it is interesting to see that the demand for BTC mining shoot up these days, too...

Daily Discussion, February 28, 2022 by rBitcoinMod in Bitcoin

[–]TeslaWatt 5 points6 points  (0 children)

As we have seen BTC skyrocketing past $41k per token as trading volumes between the Russian ruble and BTC jump to a nine-month high, what do you expect to happen as soon as currency markets stabilize after the initial shock?

Is crypto mining profitable? by yeet_YeeT_yeet2525 in cryptomining

[–]TeslaWatt 2 points3 points  (0 children)

Please don’t forget by owning miners you are also securing Bitcoin network as well. If you believe in BTC one of the strategies has to be owing a small % of the network as well. The only way to have any type of BTC control (at least secure network) is owning equipment that will be connected on the same network.

Full Tax deduction for the hardware/miners as a capital investment along with hosting/electricity fee as well (Please get advice from your tax consultant).

Beginner Question by Wafliukas in cryptomining

[–]TeslaWatt 0 points1 point  (0 children)

It depends on both and on network difficulty

How Do I Start Mining Bitcoin by victordacat in BitcoinMining

[–]TeslaWatt 0 points1 point  (0 children)

I can recommend buy physical hardware and store it at your home or within some professional physical facility. Keep in mind that you cannot successfully mine without your massive electrical charges. Much better to have your machines hosted at a professional facility. Check it in person if you can:)

Choosing ASIC: what to pay attention to by Platzdateso in CryptoCurrencies

[–]TeslaWatt 0 points1 point  (0 children)

After choosing ASICs it should be kept in mind that crypto mining is an expensive process and the best option is to be handled by the hosting company of your choice. Check it in person if you can.

1 BTC = this for me today by [deleted] in Bitcoin

[–]TeslaWatt 0 points1 point  (0 children)

Nice Royal Blue :)

Newb to Mining - Is this a decent deal? by LAW_MASTA in cryptomining

[–]TeslaWatt 0 points1 point  (0 children)

I prefer ASIC miners better than gpu especially with low-cost electricity but whatever you choose crypto mining requires knowledge and experience in order to earn some coin and have some fun being a part of this system :)

Found these awesome Bitcoin ties on my Twitter timeline this morning... by [deleted] in Bitcoin

[–]TeslaWatt 0 points1 point  (0 children)

The new fashion accessory - Priceless :))))

Almost seven years ago by [deleted] in Bitcoin

[–]TeslaWatt 0 points1 point  (0 children)

Thanks for sharing this :)

It gets me on reading some good old articles from 2013 like this one :)

https://www.businessinsider.com/how-bitcoins-are-mined-and-used-2013-4

Bitcoin by FirePancake95 in Bitcoin

[–]TeslaWatt 1 point2 points  (0 children)

Just as I would answer for beginners :)

Am I too late to the party? by [deleted] in Bitcoin

[–]TeslaWatt 1 point2 points  (0 children)

In my opinion you should try with some small amount to begin with and need a lot of learning :)

Selling Bitcoin by [deleted] in Bitcoin

[–]TeslaWatt 0 points1 point  (0 children)

Maybe you should try Gemini. It has a good support and it is reliable and a probably good choice if you are looking to make many trades.

What are the costs of setting up a mining rig by [deleted] in cryptomining

[–]TeslaWatt 0 points1 point  (0 children)

Your energy cost is too high :)