Khon Kaen Forum

GENERAL DISCUSSION => Open discussion => Topic started by: Blocker on January 05, 2018, 11:07:05 PM

Title: Cryptocurrancies
Post by: Blocker on January 05, 2018, 11:07:05 PM
ET AL
I have a feeling that I may get some distractors comments from this post. However, personally I am very positive about the future of Cryptocurrencies.
I first invested in Bitcoin in January 2016, and then altcoins in 2017, since then I have managed to extract my original investment and have achieved 1000% return.
I work overseas, 2 months away and three weeks back in Khonkaen, what I am looking for is someone to help me set up a small crypto mining system, nothing-extensive more of an interest.
If anyone is interested, I open suggestions.
Blocker

Title: Re: Cryptocurrancies
Post by: Rex (Admin) on January 06, 2018, 11:04:06 AM
From what I have heard, "mining" becomes a "Catch 22" when the cost of electricity (it takes a lot) offsets the profits made in "acquiring" coins.  Those who are doing this in a serious way have set up operations where really cheap electricity is available or producible.  For example if you had property by a flowing river where there was already a turbine generator operating.  I also heard that techies tend to be the ones interested in mining while entrepreneurs prefer simply investing.  Interesting nonetheless. Way over my head!
Title: Re: Cryptocurrancies
Post by: fceligoj on January 10, 2018, 11:11:45 PM
Rex's comments caught my curiosity. So when I saw this article on bitcoin mining, thought I would share.


https://finance.yahoo.com/news/bitcoin-mining-sucks-much-electricity-140843956.html



Title: Re: Cryptocurrancies
Post by: Jannanut on January 11, 2018, 10:12:57 AM
Really, I would like to invest a home I really want to know. What should I prepare?
Title: Re: Cryptocurrancies
Post by: Rex (Admin) on January 12, 2018, 11:28:16 AM
Blocker, tell us more about your ideas for mining.  And how do you propose to overcome the cost of electricity problem?  The technical is way over my head.  I am not even sure how the "mining" metaphor plays out technically.  However, apparently, so far as I understand, it does require a lot of processing power and electricity.  I am afraid that I am usually sucking hind teet on this stuff.  By the time I understand what is going on, the moment has long past.
Title: Re: Cryptocurrancies
Post by: Windy on January 13, 2018, 09:08:27 AM
Blocker, tell us more about your ideas for mining.  And how do you propose to overcome the cost of electricity problem?  The technical is way over my head.  I am not even sure how the "mining" metaphor plays out technically.  However, apparently, so far as I understand, it does require a lot of processing power and electricity.  I am afraid that I am usually sucking hind teet on this stuff.  By the time I understand what is going on, the moment has long past.


Also a lot of heat from the equipment so more power needed for fans/air conditioning to keep things cool in this temperature here.
Title: Russian gang steal Bitcoin worth millions
Post by: Rex (Admin) on January 18, 2018, 04:52:57 PM
Russian gang steal Bitcoin worth millions from young Russian couple in Phuket condo extortion

ThaiVisa.com => http://bit.ly/2mR5zmS

A Russian couple have gone to Thai police to say that compatriots posing initially as Interpol had entered their condominium and forced them to give passwords before stealing nearly 4 million baht in Bitcoin.

Maxsim Latsoka, 23, and Anna Nikurina, 28, were returning home on Monday at 10pm and as they entered their fourth floor condo room in Muang district they were bundled into the room by two Russian men.

The men said they were Interpol from Russia investigating Bitcoin irregularities. The men put a hood over Maxim and wrapped a towel around the head of his girlfriend before another Russian man came into the bedroom.

He ordered them to give the password of their computer notebook then the password of their Bitcoin account. If they didn't they were told they would be injected with drugs and handed over to the Thai police

(https://media.licdn.com/mpr/mpr/shrinknp_400_400/AAIAAQDGAAoAAQAAAAAAAAryAAAAJDVlZTE3ZjNhLWZmZWYtNGZmYy05MWU1LTA1Mjk1YmRiMmU2Mw.jpg)

The gang were in the room for a total of five hours, reported Thai Rath.

They managed to get 100,000 Euros in Bitcoin emptying the account. Then they fled with the notebook warning the couple they would be back to carry out their threats if they went to the Thai police.

A Thai forensics team were at the condo yesterday. The Russian couple initially were scared to report the theft but a friend who is a volunteer policeman persuaded them that it was better to report it.

Thai police said that they have information that the gang have fled to Malaysia.

Arrest warrants are being prepared.

ThaiVisa.com => http://bit.ly/2mR5zmS

Source: Thai Rath
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Title: Re: Cryptocurrancies
Post by: fceligoj on January 20, 2018, 07:25:02 AM
GREAT!  They all deserve each other.  Maybe it is a scam and it is really only one group of Russians posing as victims as well as gangsters.
Title: Re: Cryptocurrancies
Post by: kowpot on January 20, 2018, 08:21:59 AM
Remember. Whether talking about cryptocurrencies or any other scheme. Just remember the old adage.


 If it sounds too good to be true, it probably is.
Title: Re: Cryptocurrancies
Post by: Rex (Admin) on April 01, 2018, 06:06:11 PM
ET AL
I have a feeling that I may get some distractors comments from this post. However, personally I am very positive about the future of Cryptocurrencies.
I first invested in Bitcoin in January 2016, and then altcoins in 2017, since then I have managed to extract my original investment and have achieved 1000% return.
I work overseas, 2 months away and three weeks back in Khonkaen, what I am looking for is someone to help me set up a small crypto mining system, nothing-extensive more of an interest.
If anyone is interested, I open suggestions.
Blocker

Hey, Blocker!  Any news or updates about your project?  Love to hear more.