The Cookout

[The Haze Of Our Lives]

We have been on the bandwagon for crypto for about 6 years, but these last 2 years have been mining everything from ETH (Our main stay), Bitcoin, Litecoin, Helium Coins and now NFT's. I am NO pro at this and find asking questions in the crypto mining world to be fair.
At the current time we are waiting for a AIO ASIC BTC miner able to run a full node.

 

[Sovereign]

what you tahlmbout Willis?

 

[The Haze Of Our Lives]

what you tahlmbout Willis?

Mining Crypto money my Sista. It's NOT too late to make alot of money buying or mining Bitcoin, ETH or Litecoin.

 

[Sovereign]

Mining Crypto money my Sista. It's NOT too late to make alot of money buying or mining Bitcoin, ETH or Litecoin.

Ima dude bruh.

But I just didn’t understand any of the termbiology in the OP.

 

[The Haze Of Our Lives]

I'm sorry Bro

 

[Rollie Forbes]

I understand EXACTLY what you're talking about, but how about you explain what you mean to everybody else. I'll listen in just to make sure the other folks get what you're saying.

 

[lexodyssey]

I've never mined crypto but I've messed with buying on CoinBase and Robinhood here and there. Mining always seemed a little complicated lol

 

[Sovereign]

I've never mined crypto but I've messed with buying on CoinBase and Robinhood here and there. Mining always seemed a little complicated lol

Yeah I have no idea how it works. I know it’s all virtual so wtf are you mining?

 

[The Haze Of Our Lives]

Robinhood should be avoided just for the crooked mess they pulled a few months back. They stopped alot of people from cashing in on the Doge coin boom. That was foul and I only deal with coinbase.

See in 2012 I had 3 full bitcoins that I bought at $18 each and I spent those on a new PS4 game. No one knew bitcoin would blow up like it has. So now I have this Crypto mining bug,

 

[The Haze Of Our Lives]

Yeah I have no idea how it works. I know it’s all virtual so wtf are you mining?

I mine Bitcoin, ETH, Helium, BAT. I also loan my crypto for 8.88% on Celsius.
The rigs I have bought to mine these is called the "CoinmineOne" that is able to mine 6 different crypto currencies (Bitcoin, Monero, Z-cash, Grin, Ethereum and Handshake) The CoinmineOne is a AIO unit made to those that don't know how to build a mining rig from scratch.
We are planning to daisy chain all of these units together.

 

[TheHarmattan]

All forms of digital currency has major flaws. I'm not going to look it up but, off the top of my head, the Bitcoin blockchain is somewhere in the neighborhood of 300 GB. whose going to keep that kind of data locally? There is only a limited amount of coins to be issued and then it's finished. So the value of goods will eventually be pegged and the merchant may take a loss. Digital currency is not a long term system.

 

[The Haze Of Our Lives]

All forms of digital currency has major flaws. I'm not going to look it up but, off the top of my head, the Bitcoin blockchain is somewhere in the neighborhood of 300 GB. whose going to keep that kind of data locally? There is only a limited amount of coins to be issued and then it's finished. So the value of goods will eventually be pegged and the merchant may take a loss. Digital currency is not a long term system.

I'm sorry you feel that way. The Bitcoin and ETH is for long term holding and it holding and gaining compound interest at 8.88%. So as long as we are making money we are good. BTW pink ppl want blacks to think just like you and stand on that sideline. We refuse to do that.

 

[TheHarmattan]

I'm sorry you feel that way. The Bitcoin and ETH is for long term holding and it holding and gaining compound interest at 8.88%. So as long as we are making money we are good. BTW pink ppl want blacks to think just like you and stand on that sideline. We refuse to do that.

The whole purpose of Bitcoin was to unchain monetary supply from the restrictions of the nation state. Over the years some ideas have been better than others. Traveler's Checks and Pulse are traditional ideas and they still work with varied degrees of effectiveness. My statement about Bitcoin was one of mathematical feasibility and not on an individual preferred method.
If you really want to get involved with digital currency, try solving some of the big problems that digital currency natively possess.

 

[Jay]

The whole purpose of Bitcoin was to unchain monetary supply from the restrictions of the nation state. Over the years some ideas have been better than others. Traveler's Checks and Pulse are traditional ideas and they still work with varied degrees of effectiveness. My statement about Bitcoin was one of mathematical feasibility and not on an individual preferred method.
If you really want to get involved with digital currency, try solving some of the big problems that digital currency natively possess.

What are your thoughts on Dogecoin and the other alternative non-government pegged currencies?

 

[TheHarmattan]

What are your thoughts on Dogecoin and the other alternative non-government pegged currencies?

I'm not an expert on this subject but I do like finding weakness in the implementation of things. Dogecoin is still a blockchain based currency. The blockchain is not only crazy big but by its very definition and function, transactions are not completely anonymous. There are a ton of other things that could be a nonstarter for me.

 

[Jay]

I'm not an expert on this subject but I do like finding weakness in the implementation of things. Dogecoin is still a blockchain based currency. The blockchain is not only crazy big but by its very definition and function, transactions are not completely anonymous. There are a ton of other things that could be a nonstarter for me.

@The Haze Of Our Lives what are your thoughts on this?

 

[TheHarmattan]

@The Haze Of Our Lives what are your thoughts on this?

Peace. I don't want to challenge THOOL, I just gave my opinion. I love this board and don't want enemies.😉

 

[The Haze Of Our Lives]

The whole purpose of Bitcoin was to unchain monetary supply from the restrictions of the nation state. Over the years some ideas have been better than others. Traveler's Checks and Pulse are traditional ideas and they still work with varied degrees of effectiveness. My statement about Bitcoin was one of mathematical feasibility and not on an individual preferred method.
If you really want to get involved with digital currency, try solving some of the big problems that digital currency natively possess.

I am already FULLY involved collecting 8.88% on several crypto accts. Mining whats NOT hot but holding unit that changes is key. Like I said before "Whites want that type of though" and it's to detour us away from what is still valuable to mine.

 

[The Honorable]

I am already FULLY involved collecting 8.88% on several crypto accts. Mining whats NOT hot but holding unit that changes is key. Like I said before "Whites want that type of though" and it's to detour us away from what is still valuable to mine.

Makes sense.

 

[The Haze Of Our Lives]

@The Haze Of Our Lives what are your thoughts on this?

I do have some holdings in Doge but I wasn't on that first wave that did make people. And you are correct it is not fully anonymous but it's "staking" is where the money is made. It's like legal loan sharking.