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About $150 maybe less. My cheapest miner is a Dell optiplex 790 (an old office computer) and its i7-2660 processor mines about 15-20 cents per day depending on electricity costs. So the return on investment (ROI) is over 2 years. By that I mean it will take over 2 years of mining just for the computer to pay for itself and then Ill start seeing profits.
If you already have a computer that isnt super old than you can probably start mining with it.
There are multiple coins that can be mined and the mining algorithm can differentiate so look up your CPU and GPU to see which coin is best. Cheap mining rigs usually choose CPUs and Monero. Currently ETH mining is the most profitable with the best ROI. But in order to mine ETH you'll need a video card with at least 4gb of ram. Graphics cards are hard to find nowadays and often get bought up by scalpers. I was lucky enough to buy a 3080 in a pre-built from Dell. That computer was about $2k and mines $5 per day.
Iron Titanium on polygon. I bought in at $4 and missed my opportunity to sell. Lost it all.
This is me being homeless because I bet all my money on it
Lol I know a random exe file from a stranger on the internet is top tier sketchy. I know I can't convince you to trust it so if you want you can copy my code into a gamemaker file. Gamemaker is free for the trial version. Or, if your nerdy enough, translate it to your coding language of choice and make your own calculator. GML is simple enough. Code is in another comment.
It shouldn't cost that much just to transfer from one wallet to another. But I understand what you mean, the gas fees with etherium are oppressive. They build up once you start adding complicated smart contracts to the mix.
I don't know much about polygon network since I've only been experimenting with it for a day, but it might be your answer. The fees are tiny. And your metamask wallet can connect. It was $8 for me to use the bridge and from there all the fees were fractions of a penny. But I don't think RVP is on it yet.
You can give me edit suggestions. Or you can edit it yourself. Here is the code:
///Initialize variables in the create event
global.investment = 1000;
global.apr = 10;
global.total_compounds = 365;
global.fee = 0.01;
line_spacing = 16;
growth = 1 + (global.apr / global.total_compounds / 100);
new_investment = global.investment;
control_total_fees = 0;
chart = new_investment;
total_fees = 0;
for (i = 1; i < global.total_compounds + 1; i += 1)
new_investment *= growth;
new_investment -= global.fee;
control_total_fees += global.fee;
chart[i] = new_investment;
total_fees[i] = control_total_fees;
for (i = 0; i < global.total_compounds + 1; i += 1)
draw_text(x,y + (i * line_spacing),i);
draw_text(x + 35, y + (i * line_spacing), "$" + string(chart[i]));
draw_text(x + 160, y + (i * line_spacing), "$" + string(total_fees[i]));
draw_text(x + 230, y + (i * line_spacing), string((chart[i] - global.investment) / global.investment * 100) + "%");
if (chart[global.total_compounds] - global.investment > 999999)
draw_text(x,y + ((global.total_compounds + 2) * line_spacing), "Total growth: $" + string((chart[global.total_compounds] - global.investment) div 1000000) + " Million");
if (chart[global.total_compounds] - global.investment > 999)
draw_text(x,y + ((global.total_compounds + 2) * line_spacing), "Total growth: $" + string((chart[global.total_compounds] - global.investment) div 1000) + "K");
else draw_text(x,y + ((global.total_compounds + 2) * line_spacing), "Total growth: $" + string(chart[global.total_compounds] - global.investment));
draw_rectangle(0,room_height - line_spacing * 2,room_width,room_height,false);
draw_text(0, room_height - line_spacing * 2, "Scroll with Mouse wheel or Arrows or press");
draw_text(0, room_height - line_spacing, "End / Home to jump Press R to Restart");
The scrolling is done using Game Maker's built in movement functions, mouse scroll and arrow events move the position of the object which is why the chart is oriented around it's x and y. Open screen buttons are their own objects that have a simple mouse event that changes the global variables.
PS: Who downvoted this? lol I know I'm super new to coding but I'm proud of myself with this one because it works!
Yeah there is a pretty good video by metamask if you scroll down.
I would advise against using an exchange because they usually tend to lie about prices and manipulate markets by limiting trades at their whim. They can get hacked and they're usually centralized. That being said, I know nothing about Ndax or Bilaxy. There is a mantra in the cryptoverse, "Not your keys, not your holding"
If you do not have the key to access your specific wallet address on the blockchain, than it's technically not yours. You have to read up on an exchange's policy to know if there's a chance they'll screw you over but often times the terms of service are over 100 pages long and will change sporadically. Better to just hold your money somewhere you can trust. I use Metamask wallet for Etherium and Polygon, and then Guarda wallet for everything else. Connect the wallet to uniswap or sushiswap to make trades and jump into liquidity pools.
EDIT: Metamask, Trezor, Guarda are wallets I trust. Trezor gives you a physical key for the super paranoid. Metamask is the way to go. Make a matamask account, keep your password and key phrase someplace safe, and send your eth over from the exchange. If you can't send to a crypto address, than your exchange sucks.
I've been holding it for about a month and even though I lost money, I still think it's cool so not gonna sell. It's one of my moon bags so not staking or anything.
$5/week? More like $0.67/month lol
That means if I set up all these thin clients to mine monero and kept them on constantly, it would take 6 years to reach a return on my investment without accounting for power. Compare that to my stack of i7s, each computer was bought used for under $100 and pulls over 2KH/s making my ROI under one year accounting for power consumption. And this is going by current monero price of $266.
I think XMR is a great way to get into crypto mining for cheap. The algorithm punishes GPUs and ASICs so the normal poor person can get in and actually see returns. Old servers sell for really cheap and they can be repurposed for CPU mining. If you have an old PC lying around, why not put it to work? Also, most GPUs set to mine Etherium can get a return on investment within a few months if you can find them retail or within a year if bought at scalper's price.
And for the emulator idea, I installed a epsxe and it works! There are many emulators that work on ubuntu and this computer is surprisingly powerful. Hopefully there wont be lag emulating other PS1 games. But what would turn this into a game console rather than just a linux pc with emulators is a GUI. I need a way for someone to just turn it on, select a game, and play. I'll keep doing research but I'm sure it exists.
Another idea someone had was to build an arcade cabinet for it.
If any of those were really going anywhere you would only need a very small initial investment to forget about.
If any of those were really going anywhere you would only need a very small initial investment to forget about.
If I'd done that with SHIBA I would have made a huge return, but instead I sold too early. I was really just afraid of missing out on a pump and my logic was that if only a few did what SHIBA did than it'd be worth losing money on the rest. Unfortunately, Rocket Bunny was the only coin to do it.
And I gotta defend ETH tokens. There are like 10,000 different altcoins on that blockchain so of course many are retarded but there are others that I know are very bullish. Also liquidity farming is better than simple trading, less risky because of increased rewards when the market goes down. Compound interest.
My entire time exploring the cryptoverse I advised against investing in them until about 2 weeks ago when DOGE pumped despite being deflationary by design. I decided to buy a coin called SHIBA INU. A few days later, after losing about 30% of my $1000 investment, I sold my 1 billion shiba. Then, shiba jumped up to #19 market cap and if I hadn't sold early at a loss, I would've made about $14,000! That's just absolute craziness. And at this point all 10 top trending coins were dogs. All the nerds in telegram started calling this the "Age of the Retard".
I FOMO-ed, I bought a small amount of every dumb meme coin I could find: Shiba, Husky, Shitzu, Poodl, Akita, Bulldog, Tking, etc. There were some where I was able to flip a quick profit if I found a dog that was under an hour old, I'd buy it and then sell 20 minutes later but when doing this I had to turn the slippage and speed up or else it'd fail over and over causing many gas fees. Pictured above is my biggest gain: in 10 days and after missing 2 spikes and losing a large percentage in transactions (100tril to 77tril) and hundreds in gas fees, I still made out. That's a strong bunny, I kept a moon bag lol
But let me tell you all I lost BIG. Almost all of the meme coins tanked to the point of them not being worth the gas fees to sell (-100%). Some coins did well but overall I lost the vast majority of my investment in memes. Take caution. After this experience I consider meme coins to be very high risk gambles and have gone back to advising everyone to NOT invest in memes. Don't be dumb like me.
Side note, everything in my wallet fell a ton the past few days except for Polygon (MATIC) so that's something I am going to watch more closely. I think the cryptos that aim to improve blockchain scalability are going up. When picking an investment, a transparant roadmap, a doxxed team and an actual use case are good signs.
I lost a ton of money gambling with meme coins. I'm retarded lol
Good luck! You never know with meme coins. I usually advise to NOT invest in dumb memes but these past few days have proven me wrong lol
Clown world, who know what will happen? Shiba to the moon? Who will be the winner? Tiger King? Akita? Husky? Chiba? Kishu? Hokk? Elondoge? Take your bets! 5 years from now currency will be dogs lol
It's on uniswap under SHIB
Probably past it's time, but might be worth the gamble
I think almost everyone would agree with helping the homeless and even having tax money allocated to it. But government shouldn't have facilities and instead give grants to non-profit organizations. My inner libertarian is screaming at me right now because we don't need government to budget our charities, but of course my tune changes when it's something I agree with lol
Trezor makes a good cold storage wallet
Check out apy.vision to see pools with high returns but be sure to research them and make sure they are not sketchy. Look for tokens with doxxed developers, transparency and a use case beyond memes or currency. Go to the etherscan.io page and see how many holders there are. The market cap vs it's age is a good indicator of it's risk. And check out charts on dextools.io
Here are a few that I vouch for
mars.poolin.fi for 100% APY on tokens backed in real world hash rates for mining
app.worldtoken.network for 180% APY plus static gains just for holding
app.unfederalreserve.com for 400% APY and also the best memes
Disclaimer: Do not take financial advice from strangers on the internet. Do you own research.
Who is Nicholas Fuentes?
Oh no its crashing! Lol but only after a HUGE pump the entire week.
Great time to buy.
Whats your favorite bloclchain?
I don't trust XRP lol but I'm glad you're getting into crypto!
I wouldn't trust doge either but who knows, meme coins are unpredictable.
I got involved in crypto in december and have done a 10x of my investment since. Mostly etherium.
Very subjective but I think the best blockchain right now is Etherium.
Cardano and BSV have great potential right now.
BTC scares me because China could theoretically upload a malicious block and crash it if they wanted to. Not only that, most mathematicians predictions based on the algorithm halving say BTC will peak (or has already peaked) sometime this spring.
As for my favorite coin, it's without a doubt ERSL (for the memes), which is currently at 455% APY for staking. Poolin is another favorite, they own a huge portion of BTC and ETH mining rigs and they let you buy coins that are tied to real world mining hash power and can be staked for 100% APY (make back your investment every year). SAV3 is like twitter on the blockchain, it's even better than gab. STRONG rewards you for running a node, I'm not holding any but I wish I had bought some back when I learned about it! It pumped but I was lazy and never set up an ETH node. SPI lets you buy things from amazon, ebay and walmart using crypto (with a discount) so that is obviously going to the moon. I bought 100 when it was under $10 and then sold at $33 for a huge gain! Lol missed out a ton because now it's $170.
Best risk/reward ratio coin (in my opinion) right now is WORLD. They are like SPI but focus more on gaming assets and NFTs. You could stake liquidity for 238% APY but just holding it in your wallet puts you in a passive staking pool and you get airdropped rewards over time. Only $.11 right now and it could possibly mimic the SPI chart.
But overall, ERSDL.
DO NOT take financial advice from random strangers on the internet. Gather as much information as you can and make your own assessment. Always check the Telegram before making a decision.