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  1. nitrousflame

    [Progress thread] Building out a crypto mine, step-by-step - AMA

    CRYPTO INVESTING 
    I too have been interested in mining and am excited for this thread, thanks for sharing! Things like hash rate, power draw and $/kWh seem pretty straight forward to me. You can easily calculate what your short term profit/loss might be, but how do you manage future projections given massive...
  2. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    Also, for those trying to time the market, keep in mind that on average, Bitcoin was down every year with the exclusion of the top 10 day gains. That is, when moves happen, they tend to happen FAST. This tendency makes for a sort of spiky "U" shape, even on the log chart: And it also makes...
  3. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    I agree 100%, and I will be the first to add that past performance does not dictate future results. My personal bias is that the trend is in fact non linear, and will eventually level out into something more reasonable, relatively speaking of course. I hesitated posting this originally because...
  4. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    IMO, this recent "crash" is simply a return to the overall long term trend, which appears to still be very much intact: I started getting into Bitcoin in early 2013 after the Cypriot crisis, which in my mind solidly legitimized a current and future market demand for such a technology, and...
  5. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    Up about ~1000% on cost basis, but still down ~40% from ATH. Portfolio is ~66% BTC.
  6. nitrousflame

    Going "All-In" on ONE cryptocurrency... which?

    NOTABLE! CRYPTO INVESTING 
    Agreed.
  7. nitrousflame

    Going "All-In" on ONE cryptocurrency... which?

    NOTABLE! CRYPTO INVESTING 
    I cringe every time someone posts something like this. I see the "lol" at the end, so I get that you're probably joking, but for the benefit of those who may not know, what is Tether and why would I cringe at such a statement? Tether is a private company that promises to back every USDT coin...
  8. nitrousflame

    Going "All-In" on ONE cryptocurrency... which?

    NOTABLE! CRYPTO INVESTING 
    This is a fair point, and if you and/or the market are fine with this being the future, so be it, but I'm left wondering why it would be necessary in the first place. After all, even Satoshi never intended the block size to remain at 1MB indefinitely. Fortunately, the market has spoken and has...
  9. nitrousflame

    Going "All-In" on ONE cryptocurrency... which?

    NOTABLE! CRYPTO INVESTING 
    I'm going to guess (hope) that you're joking. Trading crypto for real USD is one thing, trading it for Tether is a whole different animal. No thanks.
  10. nitrousflame

    Going "All-In" on ONE cryptocurrency... which?

    NOTABLE! CRYPTO INVESTING 
    While I don't have a strong opinion on whether or not this should be considered a distraction, I do find it interesting that Vitalik originally considered developing smart contracts on top of BTC, but even back then "certain core devs" were working against him by limiting/censoring components of...
  11. nitrousflame

    Going "All-In" on ONE cryptocurrency... which?

    NOTABLE! CRYPTO INVESTING 
    This is a really interesting question, especially considering the source. I also find it exceedingly difficult to answer! Bitcoin (BTC) is like the S&P of crypto and it's still very difficult to hedge it with any other coin. Sure, other coins are very capable of making bigger and faster moves...
  12. nitrousflame

    Web 3.0 (Ethereum) is happening, and most people have no idea what it even is.

    GOLD! IDEA 
    But @GoGetter24, my landlord won't accept 3D prints!
  13. nitrousflame

    Create Your Own Prototypes For Almost Nothing

    I would tend to consider myself an engineer at heart, so I enjoyed your write-up and know I would also love spending the time to learn the various CAD and rendering software available, and eventually end up making my own prints via buying and setting up my own 3D printer. HOWEVER... I also...
  14. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    Indeed, every time there is a hard fork, holders before the fork get the new coins for free. However, not every forked coin goes on to gain value. We're then stuck with the question, "why is BCH gaining value?" I think it's the market sorting out and voting for a scaling path for bitcoin. Both...
  15. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    I'm surprised by this as well. I've been following the BTC/BCH thing for a long while now, but it's very difficult to find unbiased discussions about this anywhere. Even though I'm personally bullish on BCH, my opinion is that Coinbase really mishandled this situation. They announced back in...
  16. nitrousflame

    The Cryptocurrency Investing Discussion

    CRYPTO INVESTING 
    I 100% agree and think there's some real opportunity here to solve some problems. In the meantime though, you might be interested in checking out ShapeShift | Cryptocurrency Exchange | Simple Coin Conversion They don't yet have the biggest selection of altcoins, but I think they're on the...
  17. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    I'd be very careful drawing conclusions from single sources, especially from Reddit, and doubly so from r/Bitcoin. The evidence of censorship going on there is through the roof. I don't intend to call you out specifically, but rather to give a reminder that we should all use our critical...
  18. nitrousflame

    The Cryptocurrency Investing Discussion

    CRYPTO INVESTING 
    I think there was a significant portion of the market that wanted a blocksize increase in Bitcoin, but up until recently that market had a choice between upcoming Bitcoin segwit2x and Bitcoin cash. Now that segwit2x has been cancelled, the "big block" market is moving into Bitcoin cash.
  19. nitrousflame

    The Cryptocurrency Investing Discussion

    CRYPTO INVESTING 
    Just wanted to say THANK YOU to @JScott, @steelandchrome, and others for contributing to this awesome thread. I got into BTC back in 2013 and have held on ever since, only adding to my position here and there. Then I kind of forgot about it for a while, until the scaling debates started to...
  20. nitrousflame

    I've Read UNSCRIPTED!

    GOLD! HOT! 
    Sadly, I finished the book this weekend. I didn't want it to end. Instantly a new go-to recommendation for me. Thanks, MJ.

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