Investment Bitcoin 2018: growth or crash? This is our forecast for Bitcoin development in 2018. What speaks for, what against further growth? We analyze problems and price gougers. Special guests: Ethereum, IOTA and Litecoin in 2018. 252x Views| (c): VIGE.co - Fotolia.com Undoubtedly, 2017 was an important year for many longtime crypto fans and also for newcomers! But how will Bitcoin develop in 2018? We analyze the signals of a crash or for a strong growth. What are the effects of government intervention, energy consumption and other hard forks? How will Ethereum, IOTA and Litecoin react? © 'Crypto Compare Screenshot' There are also lucrative hard forks such as Bitcoin Cash (currently about 3,600 USD) or Bitcoin Gold (currently about 442 USD), which could be obtained to the same amount for free, as one had Bitcoin at the same time. (Here you can find the, which works with Cash as well). That it did not come to the emergence of B2X (Bitcoin with a block size of 2 MB instead of 1 MB incl. SegWit) in November 2017 can be accepted then. In mid-December 2017, the so-called Super-Bitcoin was forked, which included the technical advances of all BTC forks of 2017 and is officially released in 2018. Bitcoin Platinum and Bitcoin Cash Plus are announced for the end of 2017. Mining profitability calculator? Ethereum Cryptonote Scrypt Equihash Cloud Mining. Calculate the profit from Bitcoin cloud mining on MinerGate. Ethereum and Bitcoin crashed today. Lets talk aout why and lok at the charts on where we are. Ethereum and Bitcoin News, Crash. Cloud Bitcoin Mining 2017. Thus you almost lose the track! But for more on that, see below. There remains the insight: such an increase would not have been expected even by the boldest optimists. In fact, in 2017 it was almost impossible to make any profit with crypto-currencies. This development can make an investor – like our team - dizzy. Many reports and statements by self-proclaimed as well as real experts give the impression that Bitcoin is a bubble, which is really expected to burst this time. If you want to know what Bitcoin is and how it works, we recommend our. Our evaluation: In any case 2017 will be a footprint in the history of crypto-currencies. Retrospectively, in 10 to 20 years you will speak of the invasion of crypto-currencies - and Bitcoin in particular - into the daily lives of many million small investors and since 11th December 2017 also into the financial world. Or alternatively: exactly 10 years after the last global economic crisis and 20 years after the Asian crisis and the bursting of the dot-com bubble moments later, 2017 could also be the slide into the next crisis according to schedule! But please do not panic: in addition to the supposed hype there will always be fears accompanying: is the establishment of Bitcoin & Co. Taking place in the mainstream or are we heading down to a big crash? Step by step we analyze the problems, the solutions and the course boosters. Most read • 1 7.543 Views • 2 1.673 Views • 3 1.474 Views • 4 1.443 Views Crash of Bitcoin & Altcoins in 2018: the top 3 crypto issues One thing you always have to keep in mind when talking about crypto-currencies: it is about technology, about man-made software that can also be faulty. If there were any real faults in the security of Blockchain technology, they would have been discovered and fixed by now or Bitcoin would not exist anymore. Thus we are not concerned. Nevertheless, we recognize three problems that could deconstruct the continuation of the Bitcoin success story in 2018: 1st problem in 2018: the gigantic energy consumption Power consumption for operating the thousands of data centers, that confirm Bitcoin transactions by writing them into the blockchain and being rewarded with new Bitcoin (also called mining, see ), is enormous. Thus, in the media you can continuously read about comparisons: Bitcoin consumes as much power as Denmark or Croatia; one transaction could supply a one-person household for a month. A recent study has shown that with a constant number of transactions and the same hardware, the power consumption of the Bitcoin blockchain will reach the power needs of the United States by the summer of 2018. One year later, the entire electricity production of the earth would be necessary. The really serious aspect is that approximately 60 percent of the data centers are situated in China and the local energy is mainly obtained by the combustion of coal. © 'TTstudio - Fotolia.com' In addition to the consequences for the close environment (China is known for lax laws) an amount of CO2 is released, which can affect global warming. Solution: how could hunger for energy be satisfied in 2018? As written above, Bitcoin is a software that can be improved by updates (very simply put!). Energy demand is so huge because the proof-of-work process requires confirmation of all transactions through all blockchain-fullnodes. Other crypto-currencies are further developed, such as IOTA ( ), the Tangle method (1 transaction confirms 2 others), or like Ethereum, which is changed to the proof-of-stake process soon. So there are alternatives that can and will make Bitcoin operable beyond the year 2018. Our evaluation: In 2018The problem will keep us busy as well. The enormous power consumption paralyzes the Bitcoin blockchain and could become a real threat! More efficient mining will make the problem bearable for a while, but unfortunately we do not expect a real solution for 2018. This could reduce the number of data centers due to inefficiency, jeopardizing the decentralization of the network. This could be the chance of Altcoin Litecoin. For more information, see the third from last chapter. 2nd problem in 2018: limited number of transactions, lack of scalability When the Bitcoin was invented in 2009, the founders around Satoshi Nakamoto stated that the block size of Bitcoin should be 1 megabyte and a new block should be created every 10 minutes. Due to this fact and the average size of 226 bytes per transaction the number of transactions is limited to 7 pieces per second. The comparison with PayPal (60 transactions per second) or Visa (1,700 T / sec) shows how low Bitcoin's throughput is. Therefore, the network is already considered to be busy: by now it is necessary to be prepared for the fact that your own transaction is only processed with the (next-) next but one block. The number of daily confirmed Bitcoin transactions. © 'blockchain.info Screenshot' Solution: how could the number of transactions be increased? This problem can also be solved and is one of the reasons for the constant hard forks in 2017: you could increase the block size (e.g. Like Bitcoin Cash to 8 MB) or outsource part of the information of a block ( Segregated Witness, also SegWit) - or a combination of both. What sounds simple is difficult to implement because a majority of Bitcoin stakeholders would have to agree, and as always, there are not only winners (e.g. The users), but also losers (such as lower-performing data centers) with these changes. The community has been discussing bitterly for years. Frequently there were hard forks indeed; whoever wanted to achieve changes, had to split off. Of course, this leads to a weakening of the Bitcoin as a whole. Our evaluation: The low data throughput will be a big problem in 2018. Unfortunately, in 2017 the Bitcoin community showed that it splits rather than seeking compromises. A solution which is being hoped for from many sides is the implementation of the so-called Lightning network, which is actually planned for 2018! This step is urgently needed to make the Bitcoin available to the masses. Bitcoin is still the top dog, but this position is not cut in stone. 3rd problem in 2018: high transaction costs The problem of high transaction costs emerges from the second problem: in order to get their own transaction in the next block, users can simply pay a transaction fee. The miner gets it and makes it more attractive for him processing those transactions with higher fees first. It is a vicious circle to the disadvantage of the users: our own costs and high power consumption make us increasingly frugal with transactions. This situation is likely to exacerbate in 2018. Unfortunately, this is fundamentally contradictory to the idea of using Bitcoin as a method of payment. Meanwhile the miners earn huge sums of money. The total value of all transaction fees paid to miners in 2017. © 'blockchain.info Screenshot' Solution: lower transaction costs in 2018 The solution could accompany the solution to problem 2. For example, for Bitcoin Gold a transaction does only cost 1 cent! An even more comprehensive solution, however, would be that Bitcoin supported the Lightning network (see point 1 of the next chapter). Here, 1 million transactions per second are possible. This would enormously relieve the blockchain and thus significantly reduce the costs for a transaction in 2018. Our evaluation: The strategy is obvious: the costs per transaction are too high and they will continue to grow in 2018 until the Lightning network becomes available to Bitcoin. The community has recognized the problem; initial tests have already been successful. Lightning is needed so urgently - and we are optimistic that it will come! Why do the exchange rates of Bitcoin & Altcoins continue to grow in 2018: the top 5 course boosters? In addition to the problems just described, we also see a huge potential for development in Bitcoin. After such a profitable development, how can we deduce a positive development for 2018? We have collected 5 reasons for you: 1. Rigger: Further development through Lightning network As already written above, there is a solution that was developed in the course of many years and has been successfully tested several times over the past weeks and months in order to virtually solve all three problems of the Bitcoin in 2018: the implementation of the Lightning network! © 'ulchik74 - Fotolia ' At least four other stock exchanges in America, Japan and Germany are officially involved in Bitcoin futures trading. However, it can be assumed that far more stock exchanges have to cope with the issue: where others can make money, of course, nobody wants to be short of it. South Korea, on the other hand, has already ruled out a futures contract on Bitcoin, as it wants to protect its own gambling-crazy citizens. Our evaluation: We consider the futures to be extremely important for the entire crypto-market: with the traditional financial investors, big money will flow into the crypto-market and the Bitcoin will thereby be raised to new levels. Of course, there can be only (healthy) increases, even of the course drops once. These corrections can then also be influenced by futures trading - but the exchange rate increases as well. So we can strongly assume that in 2018 futures will boost the Bitcoin price sustainably and long-term. We do not consider a value of 100,000 USD per Bitcoin to be unrealistic until the end of 2018. We will explain this in our forecast for 2018, 2019 and 2020 in the next but one chapter. Ultimately, futures trading is a matter for gamblers. If you bet wrong, you can lose your entire bet within a very short time. More Bitcoin Hard Forks in 2018 and 'free money'? Most likely: YES! Anyone can copy the Blockchain as you like, so in 2018 everyone can use the famous name Bitcoin to create your own made-up-currency. As it was the case for Bitcoin Cash in August 2017, these can be influential miners or, as was for Bitcoin Gold in October 2017, largely unknown players. The number of forks cannot be limited or anticipated. But some hard forks for 2018 are already at the ready: • On 15th December 2017 the so-called Super Bitcoin was forked, which contains all the technical advances of all BTC Forks of 2017 (SegWit, 8 MB block size, Lightning) and is to start in 2018. • The Bitcoin Platinum fork on 23rd December 2017 • The fork of Bitcoin Cash Plus on 31st December 2017 Of course, a blockchain can be easily backed up to specific day. Making it a high-quality crypto-currency, however, is a tough job. Therefore, the recently forked Altcoins will all be public in 2018. © 'phongphan5922 - Fotolia.com' Our evaluation: We always assess the forking very critically. Of course: you get the new coins for the same amount of your Bitcoin, and this for free. This requires the Private Keys, for example using JAXX ( ), Exodus ( ) or even better the or the. It should not be forgotten, however, that the original Bitcoin with forks is always somewhat weakened, i.e. The name is washy. Finally, the image of Bitcoin shapes the whole crypto-currency market! Where does Bitcoin stand in 2018, 2019 and 2020? The prize question par excellence! You could say that any forecast for future rates is coffee grounds reading. Nevertheless, we try it based on the past developments and dare a forecast: Projection of the development in 2017, also of 2018, 2019 and 2020 This year Bitcoin increased nearly twentyfold. On 1st January 2017, you could buy a Bitcoin for 900 USD, at the end of December in 2017, the course could crack 17,000 USD. Brought forward to the end of 2018, this means: 17,000 USD x 18.8 times = 319,600 USD! Ok, then you start sweating! But who knows what the 'big capital' of the exchanges and the Lightning network can do!? But suppose the price only rises one third of the rate in 2017. For the end of 2018, that would mean 17,000 USD x 6.2 times = 105,400 USD! Even this development, which we consider more realistic, would still be gigantic! It should not be forgotten that the Altcoins will follow accordingly. If we take the development period of two years (1st January 2016: 400 USD) or rather three years (1st January 2015: 250 USD) for 2019 and 2020, the result is At the end of 2019 (from development 2016 & 2017): 17,000 USD x 42.5 times = 722,500 USD. More defensively with one third of the rate: 17,000 USD x 14 times = 238,000 USD At the end of 2020 (from the development 2015-2017): 17,000 USD x 68 times = 1,156,000 USD more defensively with one third of the rate: 17,000 USD x 22.4 times = 380,800 USD Our evaluation: You must not be artificially blinded by high numbers. Bitcoin and all Altcoins will also have to cope with setbacks in the next few years. At the same time, crypto-currencies can never be completely forbidden, so that even with increasing regulation a positive development can be assumed. In terms of global money supply, only 0.01% is part of crypto-currencies. Even a tenfold increase would then correspond to only 0.1%. In the medium term (3-5 years) a gradual increase to 5% cannot be precluded. So for 2022, the question can be asked: Where is Bitcoin in 5 years? Finally, a brief look at the development of the last 5 years and the outlook for 2022. In early 2013, Bitcoin could be purchased at a price of about 10 USD each. This means an increase of 1,600 times compared to the present rate (about 16,000 USD per piece, 18th December 2017). At the end of 2022 (development 2013-2017): 16,000 USD x 1,600 times = 25.6 million USD Defensive calculation with a third of the rate: 16,000 USD x 528 times = 8.448 million USD The defensive calculation from the previous development corresponds to the consideration that in 5 years 5% of the global capital is part of crypto-currencies (not only Bitcoin). And even if Bitcoin 'only' increases a hundred times, wouldn’t that still be incredible? Special Guests 99% of crypto-currencies are freeloaders of big role models such as Bitcoin, Ethereum or IOTA, i.e. With no serious distinct advantages. Presumably the vast majority of Altcoins will disappear again over time. At the end we take a closer look at some hot Altcoins and justify our selection: Ethereum in 2018 Ethereum differs from Bitcoin as it was not designed for payment transactions only: in the blockchain Ethereum so-called smart contracts can be set, i.e. Entire contracts. This can be any private purchase contract or even the (encrypted) information about who completed when and where which educational qualification. In Brazil, they are even working on how to transfer the entire land registry to the Ethereum blockchain in order to forestall corrupt officials. These technological features strongly contrast Ethereum with Bitcoin. Developmentally speaking Ethereum has not been finished yet. On 16th October 2017, the so-called Byzantium upgrade was carried out, the first step of the Metropolis hard fork. The second step and final development must take place within 18 months, i.e. At the latest in spring of 2019. If you keep the old version of Ethereum, the network becomes unusable or rather slow (keyword: difficulty bomb). During the second step, called Constantinople, the important and above-mentioned change from proof-of-work to the proof-of-stake mechanism takes place, which will make the network faster and more energy-efficient. This update is expected to happen in 2018, perhaps also in early 2019. The exchange rate of Ethereum will certainly not be threatened, on the contrary, because then the use of the blockchain will be cheaper and easier. Let us analyze the retrospective price development for an outlook: On 1st January 2017 you could buy one Ether for 7.75 USD, on 18th December 17 the price was around 618 USD. Consequently the price increased almost 60 times! Projected to the end of 2018, this means: 618 USD x 79.7 times = 49,254 USD! But assuming Bitcoin the price only rises at one third of the rate in 2017. For the end of 2018 that would mean at least: 618 USD x 26.3 times = 16,253 USD! Our evaluation: Currently we cannot see anything that speaks against a positive development of Ethereum. The update is predictable and since among the world's crypto-currencies (twice the market capitalization of the third-placed currency), many newcomers will also invest their capital into Ethereum. Very auspicious! We recommend the purchase of Ethereum via ( ), ( ) or via ( ). IOTA 2018 We have already covered IOTA in detail, see a-5. It is software that will enable the Internet of Things: all coins are already on the market, transactions are free and even needed: with each own transaction, two more are legitimized. Therefore scalability is effectively open and there aren’t any upper limits. Many well-known companies already belong to the IOTA network, such as Bosch or Cisco. At the end of 2017, the course experienced a rapid increase as Microsoft announced its participation in the IOTA project. In addition, IOTA, founded by a Berlin start-up enterprise by the way, launched a first application: a data marketplace that provides information and makes it available to all participants. From our point of view, IOTA has a significant unique selling point and will keep us busy in 2018. It is time for the forecast: With the start of trading on 29th June 2017 you could buy one IOTA (actually 1 mega IOTA, so 1 million units) for about 0.35 USD, on 18th December 2017 the price was at about 3.38 USD. The course increased almost tenfold! Calculated for the whole year, also a twentyfold increase would have been possible, which we include in our assumption: Transferred to the end of 2018, that means: 3,38 USD x 20 times = 67,60 USD! But assuming (as calculated for Bitcoin) the price only rises one third of the rate in 2017: For the end of 2018, that would mean at least 3.38 USD x 6.6 times = 22.53 USD! Our evaluation: IOTA is an important Altcoin for the Internet of Things and thanks to many strong partners in the background, who have agreed on the IOTA standard, IOTA certainly has a great future. We consider the coin to be highly recommendable. Currently it can only be purchased on; how this is done step by step and how you can still save 10% fees, we'll tell you. Litecoin 2018 Unlike Ethereum and IOTA, Litecoin has a lot in common with Bitcoin. Before Bitcoin was forked several times in 2017, Litecoin had always been considered the little brother of Bitcoin. Ver and over again you can read that the Litecoin was kind of a safe harbor for Bitcoin investors to secure oneself against its strong fluctuations. But that is not the only purpose of Litecoin! Litecoin has several advantages compared to Bitcoin: the transactions are much faster and they cost next to nothing. Two major problems Bitcoin is struggling with (see above). This year, Litecoin also implemented the Lightning network. This step is still expected for Bitcoin and hopefully carried out in 2018. At the same time there are four times as many Litecoin as Bitcoin. On average that would actually mean that the Litecoin is currently highly undervalued: Litecoin would actually amount to 25% of the Bitcoin value, i.e. Currently about 4,000 USD. After significant gains in for the last weeks, the rate is about 284 USDapiece. The difference and thus the potential are still very substantial! It is time for the forecast: On 1st January 2017 one Litecoin was about 4.22 USD, on 18th December 2017 the price reached 274 USD. The rate has increased almost 65 times! Projected to the end of 2018, this means: 274 USD x 64.9 times = 17,782 USD! But assuming (as calculated for Bitcoin) the price only rises one third of the rate in 2017: For the end of 2018, that would mean 274 USD x 21.6 times = 5,918 USD Our evaluation: We consider the Litecoin to be clearly undervalued and still recognize great potential, especially if the Bitcoin does not solve its problems in 2018 as described above. That might be the reason why little brother Litecoin has to help out again. Therefore there is no harm in keeping Litecoin in the portfolio. We recommend the purchase of Litecoin via ( ), ( ) or via ( ). Conclusion After a strong crypto year in 2017, the prospects are definitely positive for 2018! Of course, there will still be technical hurdles and Bitcoin, Ethereum, IOTA and Litecoin are far from being fully developed. However, this year we were able to see in an impressive - and so far sustainable - way, which potential lies in Bitcoin and many Altcoins for 2018 and beyond. We are looking forward to 2018 and comparing the forecasts in this article with the real developments in a year. Bitcoin 2018: growth or crash? This is our forecast for Bitcoin development in 2018. Interesting Articles Altcoin Our purchaisng experiences with verge: comparison and review of the best Verge brokers and trading places. Verge is a secure and anonymous crypto-currency, developed focusing on privacy. How and where you can buy Verge (XVG) is shown in our review: we compared and reviewed several Verge exchanges and trading platforms. Exchange Our LiteBit.eu-Wiki with answers to all questions about reliability, charge fees, verification and detailed how-to-buy instruction. Litebit.eu is one of the biggest European market places, where you can buy crypto-currencies. The offer od the website ranges from all well-known coins (Bitcoin, Ethereum, DASH and Monero) to Altcoins, which are still unknown. We will show you starting with the first steps, verification till charge fees and we show you with how-to-buy, how you can buy correctly. Furthermore we reviewd: how-to-sell, modes of payment and transfer of LiteBit.eu. Prices & Charts • • • • • • • • • • • • • • • © hulacoins.com 2018|| Partner page:,, Disclaimer: Trading in bitcoins or other digital currencies carries a high risk and can lead to the total loss of the capital employed. Hulacoins.com does not provide any investment advice, but reflects only its own opinion. Please make sure that if you are dealing with, or investing in bitcoin or other digital currencies (for example by acquiring mining equipment or investing in cloud mining services), you have fully understood the associated risks! Please refer to. *Some external links are affiliate links. Exchange Detailed experience report and review of one of the currently largest crypto-exchanges on the market. Kraken is one of the largest exchanges for trading crypto-currencies and at the same time it is one of the most established trading places worldwide. Besides Bitcoins, on Kraken you can trade 16 Altcoins and five FIAT currencies. Kraken was founded in 2011 and opened its Bitcoin exchange in 2013. Similar to Bitstamp, Kraken is one of the veterans on the market. Kraken claims to be the largest exchange for Bitcoins as far as EUR volume is concerned and it is regularly ranked the best and safest Bitcoin trading platform by the media. We took a closer look at Kraken for you and we would like to share our experiences with you. Exchange Our review and experience with the relatively unknown stock exchange Bitsane Due to the high demand for Ripple, with Bitsane we came across another stock exchange, which include this crypto-currency in their trading portfolio. Besides Ripple and Bitcoin the still relatively unknown stock exchange offers further Altcoins - also exchanging for FIAT money (euros and US dollars). Although many stock exchanges are shutting their doors because of customer rush, we were able to immediately register on Bitsane. Are we dealing with a reputable supplier on Bitsane? We would like to share our impressions and experiences in this report. Altcoin Find out about our experiences with Zcash including a detailed explanation about how to buy ZEC on BITFINEX, POLONIEX, Anycoindirect and Litebit.eu. Is it worth buying Zcash? Zcash has a market capitalization of 1.706 billion Euros and is placed 23rd of all cryptocurrencies. It originated from the so called Zerocoin project and has been listed on pretty much all the exchanges since 2016. Being a Bitcoin fork, it combines the positive aspect of the Bitcoin protocol with advanced privacy options. Without view keys, neither sender nor receiver nor the amount of the transaction is publicly accessible or even visible on the blockchain. This makes Zcash an interesting alternative to Bitcoin and Dash! Exchange Our GDAX review with answers to all questions about registration and verification, deposits and withdrawals, fees and information about trading GDAX is the trading platform of Coinbase for professional trading of Bitcoin, Ether and Litecoin. The platform is considered secure and is well-known for its low transaction costs. The well-arranged trading platform of the US enterprise Coinbase, which is based in San Francisco, is one of the top 10 crypto-exchanges in terms of trading volume. We took a closer look at GDAX for you. Exchange Our experience with the Anycoindirect platform for buying and selling Bitcoins, Ethereum, Dash, Litecoin and other Altcoins. 'Simple, fast and secure' - this is how Anycoindirect advertises the purchase and sale of Bitcoins and 13 Altcoins. For this purpose, the provider is currently overrun by new customer registrations and on the rating platform Trustpilot it scores “well”. That is reason enough to take a closer look at Anycoindirect for you. Hulacoins.com ✮ Bitcoin, Ethereum, Mining, Altcoins & Cryptocurrency 2018 hulacoins.com is a blog for Bitcoin, Ethereum, Cryptocurrency, Altcoins, Mining and digital currency reviews, tests, guidelines & experience reports. Cryptocurrency Prices & Charts. Prices & Charts • • • • • • • • • • • • • • • © hulacoins.com 2018|| Partner page:,, Disclaimer: Trading in bitcoins or other digital currencies carries a high risk and can lead to the total loss of the capital employed. Hulacoins.com does not provide any investment advice, but reflects only its own opinion. Please make sure that if you are dealing with, or investing in bitcoin or other digital currencies (for example by acquiring mining equipment or investing in cloud mining services), you have fully understood the associated risks! Please refer to. *Some external links are affiliate links.
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These days, you really can’t go anywhere without hearing about Bitcoin or another cryptocurrency. Bitcoin took off in a huge way in 2017, and it doesn’t look like it’s going to be slowing down anytime soon – the value just keeps climbing. So, it really isn’t surprising that in 2018, everyone is going to want a piece of the action. If you’re thinking about diving into Bitcoin or Ethereum mining, it would be wise to shop for one of the best mining GPUS you can buy today. In the face of this cryptocurrency boom, we’ve created a guide to help you find the best mining GPU so that you can start making money with as soon as possible. We’ve went through and ranked five of the best mining GPUs, taking price and efficiency into consideration. Plus, thanks to our exclusive price comparison tool, we can constantly supply you with the best deals on every GPU on this list, so that you can start profiting as soon as possible, without shopping around too much. Which is good, because you can’t sit around for too long, as the popularity of Bitcoin mining has resulted in huge price spikes for the best mining GPUs. Don’t worry too much though, with TechRadar by your side, you’ll avoid any obscene price hikes. We’ve also created a guide to the, so be sure to check that one out too. The idea behind cryptocurrencies like Bitcoin and Ethereum is that they’re generated and transferred between individuals, without relying on central authorities, such as traditional banks or governments. Part of the appeal of mining for cryptocurrency is that you can use a regular PC to do the mining. Many cryptocurrencies, such as Ethereum, use memory hard-hashing techniques, and therefore a PC with a decent GPU with a good amount of graphics memory is required. So, when looking for the best GPU for mining, you'll want to bear in mind the amount of memory a card has, as well as cost and power consumption. Using your GPU for mining won't yield huge amounts of cryptocurrency at first, unless you're willing to invest a lot of money on multiple GPUs. That means you'll want to minimise your initial outlay and running costs to maximize your profits. How to Mine Bitcoin: Everything You Need to. How to choose hardware for mining Hash rate. Even if you have access to free electricity, GPU rigs will most. Can you make a profit on Bitcoin mining with GPU cloud. To adjust to the lower hash rates. For bitcoin mining - electricity used by GPUs will cost more. Mining; What is the Best Coin to Mine Using a GPU? Miners can take a look at Hash Flare contracts for cloud mining if they want to review detailed. Eobot easiest, cheapest, and best cloud mining solution. Start with as little as $10 using PayPal and choose between any cryptocurrency including Bitcoin, Litecoin. Nov 10, 2017 - Step One: Get cloud hosting. AWS offers virtual machines, storage, and a host of other services — in some cases, for free during your initial 12-month trial. Time, still considered to be very experimental, and most commercial devices (like my Macbook) don't have GPUs capable of hashing at a fast rate. So, that's why we've created this list of the best mining GPUs, as not only have we looked into the specific requirements a mining graphics card needs, but we've also included our Hawk price comparison technology to bring you the very best prices. Before you start mining for Bitcoin, Ethereum or other cryptocurrencies, make sure you read the following articles so you know everything you need to before you begin. Nvidia GeForce GTX 1070. Expensive Nvidia's GTX 1070 isn't just a great graphics card for gaming, it's also an excellent mining GPU. This is because it manages a high hash rate of around 30 mh/s without needed too much power. Remember, the more power a GPU requires, the more expensive it is to run, which will eat into your cryptocurrency profits. As with many recent Nvidia GPUs, the 1070 is on the pricey side, so you will have to take an initial hit when starting up, but if you're into cryptocurrency mining for the long run, the 1070 is easily the best mining GPU currently available. AMD Radeon RX 580. Often sold out due to its popularity for mining The AMD Radeon RX 580 is one of the very best GPUs for mining, and in fact is a bit of a victim of its own success, as it can sometimes be difficult to find. However, its popularity is warranted, as it offers an excellent hash rate of 29 mh/s, while also keeping the electricity consumption low as well. It's also cheaper than the GTX 1070, and if you don't mind tweaking a few settings, you'll be very pleased with this card's mining performance. • This product is only available in the US and UK at the time of this writing. Australian readers: check out a fine alternative in the Nvidia GTX 1070. Can be hard to find If you want a low cost of entry into the world of mining, then the AMD RX 480 is an excellent choice. This is because it is a bit older than the AMD Radeon RX 580, so prices are lower - when you can find one in stock. Yep, this is another AMD card that can be difficult to track down thanks to its mining ability. However with 8GB of GDDR5 RAM, it achieves a decent hash rate of 28mh/s, and again doesn't require too much power. There are also versions available with 4GB of GDDR5 RAM, if you're looking for an even lower cost mining GPU. AMD Radeon RX Vega 56. Expensive to buy and to run The Nvidia GTX 1080 Ti remains one of the most powerful graphics cards in the world, and is our recommendation as the for 4K gaming. However, as a mining GPU, it is also an excellent choice, but there are a few considerations that prevent it being higher up this list. First of all, it's still an expensive GPU, and the power consumption is high compared to other cards. This means the return on your investment is less, and will take longer to cover your costs. If you don't mind splashing out on this GPU (or you're going to also use it to play games with), then you'll be very happy with the results, especially as with a bit of tweaking you can get a hash rate of 32 mh/s. Nvidia GTX 1070 Ti. More expensive While the GTX 1070 sits atop our list of the best mining GPUs, its follow up, the GTX 1070 Ti, is another fantastic mining graphics card, and with a number of power upgrades, such as a higher base clock, the 1070 Ti does a very good job. However, there are a few reasons why it's listed lower than its older sibling. For a start, as it's newer it costs more than the 1070, which will dent your profits from mining. It also has a higher power consumption, which makes it more costly to run. Finally, there have been incidents of a bug in the driver software which makes this GPU hash lower than expected, but an upcoming fix should sort that. If you're prepared to tweak a few settings, however, this is an excellent mining GPU. But although Cavani eventually won the argument, he missed the subsequent penalty Cavani, now in his fifth season with the French giants, has proven to be a fan-favourite at the Parc des Princes but could well be forced out of contention given the huge fee paid services, plus the £166m to be paid next summer to Monaco for Kylian Mbappe. PSG president is believed to have put six of his first-team up for sale during the summer in an attempt to balance his books. Captain Thiago Silva,, Julian Draxler,Lucas Moura, Javier Pastore and Hatem Ben-Arfa were all said to be available should the right offer arrive. • wow.someone new.and a female to boot.stunningof course I have no idea what mumbo jumbo you are talking about.has hannah been warned about pender.perhaps there should be a pender protocol for new visitors to steel white table.actually I think pender should be the filter to which all visitors to steel white table must pass before being allowed to comment herepender the gatekeeperI like italthough I suspect this may be my last comment if implemented.just drink, relax and snuggle with jennyI think it is jennyor whoever mayby jerrywhen you are in cuba. • Rhodes and Campbell were shocked to hear of the passing of Greeny. Truly, truly saddened. We’d only just met the old bugger but we trusted him like Walter BrennanAt least he got to see White Point before he died.We mourn with you, my friend, and we will honour his memory by playing your touching paean to him at opportune moments in the revered Tiki Lounge in Halifax If he hadn’t already found a resting place, we’d have stuffed him full of odd socks and hung him from the rafters, occasionally making boarding calls for old time’s sake:’). • Our local Quilt Guild has a table where we can leave leftover fabric, books, patterns – for others to take. I also belong to a weekly Quilt Group so it was easy to unload half of my stash, which amounted to 6 bins! Much of it was inherited, from one source or another, so it was easier to share it. It’s very satisfying to see someone else actually using and making something neat out of it, rather than it sitting in my closet. Jun 12, 2014 - Scorpio Mining Reports Voting Results of Election of Directors 9:00PM UTC. Expedia (NASDAQ:EXPE) Accepting Bitcoin for Payment of Hotel Bookings - Video News Alert on Investmentpitch.com 6:20PM UTC. Xfinity on Demand: Now Home to Top 100 Nielsen Rated TV Shows 12:00PM UTC. Cryptocurrency News results azteca deportes tv en vivo. Weiss Ratings grades. Bitcoin deposit ways to buy bitcoin uk mining contracts for bitcoin cash apply. Mizuho analyst Vijay Rakesh maintains the following ratings and price. However, he sees Ethereum mining graphics sales declining by 50 percent. I don’t even miss it. My mantra – recycle, reuse and repurpose, so I love your suggestions. • I've FORBIDDEN my seventh grader to buy sodas and candy during school days. A lot of kids runs to the store during breaks to buy sweets and I feel sorry for the teachers who has to deal with those kids later. Also, I'm pretty mad about the size of the paper bags for candy. As a child, they were small,just enough to contain a few bites, now they're enormous! Well, that was not about junk food, but I totally agree with you. IMF boss says mining could match ARGENTINA’S. #Litecoin Cloud Mining Reviews ONLY. Bitcoin Cloud Mining ==> With cloud mining you can make. Start Cloud Mining. Join the most profitable mining pool in the world. 105% Block reward, 0% fees. Visit the Mining Pool. Bitcoin.com Mining Pool. I could also never eat it for 30 days. I can barely have it for two days in a row:). • I guess it is irrelevant the National Labor Relations Board (NLRB) rejected every single of 5 consecutive complaints brought by “KPFA Worker” as being entirely without merit. Pacifica 5, KPFA Worker 0.Apologies to subscribers who had to pay $100,000 to dismiss the repeated frivolous complaints filed by by those who hide behind the “kpfa worker” mask.They owe you an apology for wasting your money. It’s obvious this is electioneering. As the last line of the post makes clear.Anonymous mudslinging. • I think it’s a fair raise. And while I’m guessing you converted to USD for your US readers, it’s not quite fair to base the wages here against US wages; we use the NZD to buy items at NZ prices (some of which are lower, some are higher than in the US).Also, in the US, many professions – including waitressing – can be paid less than the minimum wage due to the availability of receiving tips. Waiters don’t have to worry about that here. So, $12.50 is damn good for minimum wage! Esp with even more tax cuts coming up on April 1, as well as a new tax credit for low-income earners. • Concentrarea se obtine mai greu pe o minte agitata. Prima data linisteste minea asa apoi te apuci de amplificarea concentarii. Am pentru asta zeci de metode incercate si de mine si de alte persoane. Ordinea pentru dezvoltarea mentalului este urmatoarea: relaxarea corpului, linistirea respiratiei, linistirea mentaluilui, concentrarea gandurilor, micsorarea intensitatii stimulilor exteriori, meditatie supra mentala. Mai exista cateva nivele si dupa asta dar mai e pana acolo eu pana aici am ajuns numai. • Dirtyrotten–Athiesm leads to UUism which leads to Progressivism (in fact they are pretty much all the same thing).MM has already avowed a belief in the Devil–ergo he is one step in the right direction.But, 1) thanks for the take-down of AC. Like Alrenous & the poem, far more polite that I generally can be.and 2) of course science is a replacement religion. But, like Luther broke the strength of the Catholic church, the cathedral can be broken–however, Luther did it with devilish deals (like Phillip & his wives): the question remains as to whether or not a revolution can be honest. • Whirlpool CorporationWhirlpool Corporation is a global manufacturer and marketer of major home appliances, with annual sales of more than $ 18 billion, 73,000 employees and nearly 70 manufacturing and technology centers around the globe. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Bauknecht, Consul and other major brand names to consumers in more than 170 countries.Whirlpool Corporation also is a significant supplier to Sears Holdings Corp., which owns and controls the Kenmore brand name +4. • Neo-nazis playing with guns? Nice I think we have lost that tradition, but I am not sure. Get me well, I am not against immigration in se. I have no objections to some healthy admixture of genes and ideas. But what I am opposed is the complete ethnic transformation of my culture. I never asked for it, and I don’t think anyone ever did. It is far to dangerous to play with these things, and our politicians should have known that. But hey, until a few years ago it was a common-place to say: ‘we don’t have a culture, do we?’ Perhaps a tribe that ignorant just deserves to die. • Neo nazi white supremacist groups are on the rise.Do you have any stats for the rise in black on white crime Knish? Attacks on blacks, and Jews are on the rise, with the rise of the patriot groups, a polite cover for white supremacist nationalists'I agree with you on the Neo nazi issue but disagree on black on white crime. Not all black on white crimes are classified as hate crimes or indicate a racial motive in my community lion's share of crimes against whites are perpetrated by black males in their mid to late teens or early twenties.Keliata. • Muslim countries keep oil welfare only for their own population, not even fellow Muslims are allowed a share.But immigration can also be used to stop Islamization. If one imports more Christians from Africa, South America, and Asia, it will become far harder to be accused of racism.Nevertheless, if you want absolutely no Muslims in Europe, you should declare Europe to be Sacred Ground, in which no mosques can be tolerated. The stick: eternal damnation. The proof is prophecy:Islam will destroy itself in the Syrian Civil War. • It is indeed my belief that mesothelioma is usually the most fatal cancer. It has unusual traits. The more I really look at it the more I am assured it does not conduct itself like a real solid human cancer. If perhaps mesothelioma is usually a rogue virus-like infection, so there is the possibility of developing a vaccine in addition to offering vaccination for asbestos uncovered people who are at high risk connected with developing potential asbestos related malignancies. Thanks for sharing your ideas for this important ailment. • Hi, Rob, I just read your ramblings about fall in the cottage. I love cottageswish I have one, but my husband will not hear of it. We go to a rental cottage every summer, near Orillia, on Lake Couchiching. I have the summer off, so I try to go to some other rental cottages with my friends or by myself. I just love being with Mother Nature.and a cottage is my sanctuary. I love the out doors, not so much in winter, though it can be beautiful after a snow fall. I like your writing. Do you ever come to Toronto? If you want to invest in bitcoin mining without the hassle of managing your own hardware, simply head into the cloud to earn your coins. [2016-03-22 20:10:23 UTC] ladyarkayna: @Nickresonance yeah, absolutely! In winter you can't farm though, so it's all fishing gathering and mining. Sunday I'm talking about the million infinite subs from two days ago XD @brownman [2016-03-22 20:23:43 UTC] jacksolon: Hey Ray Jr, What's your opinion on Lt Corbis? Bitcoin Currency and GPU Mining Performance I am curious how much the average cost Does the amount of system memory matter when mining. What's the best hardware for. Sol on MSI 1070 Gaming X: 490 h/s (SimpleMiningOS 230w,+1200 mhz on memory, +120 mhz on core, 65% min fan, @70C). How the Equihash. Trusted bitcoin investment sites We are engaged with the Bitcoin and forex trading, we are working hourly. 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If you are mining solo, the estimated expected Bitcoin earnings can vary greatly depending on your luck and stale/reject/orphan rate. CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. PC • To the right of the address bar, click the icon with 3 stacked horizontal lines. • From the drop-down menu, select Settings. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. MAC • Select Chrome from the Apple/System bar at the top of the screen. • Select Preferences. From the drop-down menu. • In the left-hand column, select Settings from the list. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. 0.7 2017-11-13 always 0.5 2017-11-13 always 0.7 2017-11-13 always 0.5. Samsung Electronics desires to seamlessly join the entire gadgets in your life, and its technique to do this is constructed round a expertise dubbed SmartThings, which it views because the distant management for the web of issues, or IoT. IoT, or making on a regular basis objects good and linked, is an formidable thought. But it may be complicated for customers who’re confronted with so many alternative methods to arrange, work together with, and join their varied issues. Samsung govt H.S. Kim stated the corporate desires to simplify this. Samsung described the technique at its press occasion at CES 2018, the massive tech commerce present in Las Vegas this week. “The time for the true supply of the promise of the web of issues is now,” Kim stated. “For many, the world of linked gadgets is complicated.” Samsung purchased its SmartThings division in August 2014, and it now has 370 licensed gadgets from 40 totally different manufacturers, and 90% of the corporate’s merchandise at the moment are IoT prepared. Samsung already sells about 500 million linked gadgets a yr. But even Samsung’s personal merchandise, equivalent to its TVs, every had their very own distinctive interfaces and connectivity requirements. The grand technique is to make use of the Samsung SmartThings Cloud, Bixby voice controls, linked automotive, and the upcoming 5G wi-fi broadband to ship seamless connectivity through a single app, and a single cloud, not a bunch of various incompatible applied sciences. Now, applied sciences equivalent to Samsung’s Bixby voice recognition could make it simpler for shoppers to regulate their gadgets with pure language voice instructions. So what do you get whenever you’ve tied every little thing collectively? Your Family Hub fridge can take a look at your fridge contents and inform your app what sort of meals you can also make, based mostly on the components. You join your Android smartphone to a TV through SmartThings Cloud. You use the SmartThings App to get your Spotify playlist or Hulu reveals to run in your TV. So you don’t have to recollect your Wi-Fi password for each new system you join. Samsung calls this easy login. You can use the TV distant to say, “Show me what’s within the fridge,” and the picture of your fridge contents will seem on the TV display screen. Samsung guarantees a single SmartThings app to regulate all of your gadgets. Samsung is working to make varied issues from totally different manufacturers suitable by way of the Open Connectivity Foundation, which has 397 members. By 2020, all Samsung gadgets will likely be suitable with the Open Connectivity Foundation requirements, Kim stated. 'Now I can lay back and watch my Bitcoins being mined rather than spending heaps of money on my own equipment.' − Anonymous 'Thanks to Bitcoin Cloud Mining I am. • • • • • • • SHA-256 and Scrypt are the two most common algorithm systems used by cryptocurrency miners in order to authenticate blocks of transaction data. The system used, unfortunately, is not up to the miners; it's set by the developers of a given type of currency. When you go to cryptocurrency, you'll find there's a vigorous debate between the two algorithms. We'll look at the two types, and the arguments being made for and against them. Before jumping into that, however, let's talk hash in a little more detail. The term refers to complex mathematical computations that are required in order for successful mining to take place, and you'll often see “hash rates” listed along with hardware created for digital currency mining. The higher the hash rate required for successful mining, the longer and more difficult the process will be for miners; this is expressed as the “hash difficulty” of a given type of currency. Dec 29, 2016. And you can point your GPU, CPU, or any ASIC (X11, SHA256 OR Scrypt) and get paid PPS for each. It will select the most profitable coin for your hardware and algorithm chosen and they have a mining calculator to help you with this, although payout is always in Bitcoin. Using the Nicehash service pays. SHA stands for Secure Hash Algorithm and the 256 refers to the algorithm output length in bits. Nicehash.com Review. Best SHA256 Cloud Mining Companies. Jul 24, 2017 - We are used to the thought that X11 algos are mined with equipment which speed is measured in Megahashes per second (MH/s). You are making a confusion here, S9 is a Bitcoin ASIC miner working with SHA-256 algo only and D3 is a X11 algorithm miner, like DASH for example. Ahmed Mohsen. Change It wasn't, funny, nor was it coined on, but we thought told a real story about how our users defined 2010. Unlike in 2008, change was no longer a campaign slogan. But, the term still held a lot of weight. Here's an excerpt from our: The national debate can arguably be summarized by the question: In the past two years, has there been enough change? Has there been too much? Meanwhile, many Americans continue to face change in their homes, bank accounts and jobs. If they want to forget all the maintenance involved with the mining rigs, cloud mining is the best opportunity to still enjoy the benefits of participating in mining. During the cloud mining activity, clients can purchase hashing power from a provider in exchange for certain daily or monthly fees. After the contract is started, the.Missing. There was also some bad news circulating on the loss of key contracts. The focus is on the horses that stay. Issue its own 'bitcoin' Anglea Merkel. Only time will tell if the latest wave of change Americans voted for in the midterm elections will result in a negative or positive outcome. Privacy We got serious in 2013. Was on everyone's mind that year, from Edward Snowden's reveal of Project PRISM to the arrival of Google Glass. Here's an excerpt from our: Many of us have embraced social media, choosing to volunteer intimate particulars and personal photographs on Facebook, Twitter, and Instagram; this robust participation echoes an observation by Mark Zuckerberg in 2010 that the public’s comfort level with sharing personal information online is a “social norm” that has “evolved over time.” Even so, a recent survey by Harris Poll shows that young people are now monitoring and changing their privacy settings more than ever, a development that USA Today dubbed the “Edward Snowden effect.”. Complicit The word sprung up in conversations in 2017 about those who spoke out against powerful figures and institutions and about those who stayed silent. It was a year of real awakening to complicity in various sectors of society, from politics to pop culture. From our: Our choice for Word of the Year is as much about what is visible as it is about what is not. It’s a word that reminds us that even inaction is a type of action. The silent acceptance of wrongdoing is how we’ve gotten to this point. We must not let this continue to be the norm. If we do, then we are all complicit. • – VICE • – WSJ • – Reuters • – WSJ • – NY Times • – Washington Post • – Bloomberg • – NY Times • – The Economist • – NY Times • – Nikkei Asian Review • – Nikkei Asian Review • – Nikkei Asian Review • – Nikkei Asian Review • – SCMP • – SCMP • – SCMP • – Project-Syndicate, Chellaney • – Reuters • – VoxEU Trans-Tasman: • – Renew Economy • – Business Insider • – ABC • – The SMH • – ABC • – The SMH • – Business Insider • – ABC • – Michael West • – ABC • – SBS • – Interest.co.nz • – ABC any truth to the rumours the ABC has already been hauled over the coals for running this headline? • – SCMP not all Chinese investment in Australia is dubious • – Domainfax • – Domainfax mainly the gag reflex while thinking about it • – Domainfax not if it is reliant on gouging Australians, ripping off Australian taxpayers, or extracting Australian resources – does Australia have any other kind of business? • – Project-Syndicate, Patten thought provoking read and furthermore • – SCMP • – SCMP • – AP Russia certainly does, but almost all other major nations do too • – VoxEU • – Bruegel • – Bloomberg, Smith all market analysts do when they don’t question themselves • – Bloomberg • – Bloomberg • – ValueWalk • – Bloomberg what we do know is that it happens in a lot more workplaces than get reported Video. Revert2Mean Cryptos circling the drain Email to me from CoinSpot: The temporary restriction on AUD deposits will remain in effect until at least the first week of the new year. We assure you we are just as unhappy with the situation as you but unfortunately Australian banks have been so far unwilling to work with the digital currency industry which leads to frequent account closures and strict limits on accounts whilst they remain operational, in effect debanking our industry. As the demand for Bitcoin and other crypto assets skyrockets it is in everyone’s best interest to ensure we have regulated, safe and stable digital currency service providers instead of pushing Australian consumers underground, to potentially unsafe vendors. It is our purpose to drive safe adoption of crypto assets and we assure you that we will continue to work on establishing a relationship with a banking partner so we can resume accepting AUD deposits as soon as possible. Boomengineering MEMBER Not all jobs are horrible, a few years ago none of the engineers or contractors could solve an electro to hydraulic transfer problem on ”Invesco Royale”and when I arrived told the client his job was to see it going, my job was to fix it. He was astounded the I didn’t ask ”what do I do now”. Anyhow ”Wild Oats” had the same problem at the beginning of the race which delayed them, I think enough, for ”Invesco” to win. No commendations received, probably still in shock over my bill. Skippy It is curious, Gold [bimetallism] was a substitute for perishable and cumbersome goods, one case has a flake of gold against the weight of some grains of wheat. Tho the religious iconography seems to have had lingering side effects wrt social perception. Yet bitcoin or other cryptos have none of the original assets, natural or value added, underpinning it, save the religious like iconography. Just the slight of syntax deployed by calling the algorithmic process as “mining”, like wtf, people are not engaged in any activity which spurs economic development. Confusing a mathematical equation, that has built in friction, as it extenuates, requiring more capital costs [consumption], somehow creates value has to be the height of the human tool user problem. Not to mention the maths are just a representation of some wonky metaphysical ideology, the popular science tech is just a smoke screen for that agenda. In my view it is the apogee of the libertarian perspective about creating value at the atomistic individualism level w/ a side of some syndicalism. Whack on some creative destruction wrt anything government or its ilk. Disheveled that so many ill informed others are drawn to the flame, seems to be a reflection of how society has been conditioned under neoliberalism e.g. Wealth is freedom as a binary choice. Dystopeon fair points skip, but I think you’re reaching a little. The Bitcoin HODL/ers are basically white power/ anti-jew ppl (e.g. Mig) who surmise they can ‘break’ the bankers system (impossible). It’s really that simple, these people actually still listen/watch/read mediums from the Conspindustry/ Jewther industry (e.g. RT, Alex Jones, Rense et al). They didn’t move beyond conspiracy and hence are victims of group thought, it’s hilariously ironic since this latest Bitcoin surge was probably engineered at Goldman. DarkMatter MEMBER -> Skippy ” Gold, because of its immutable nature, can be described as a simple computer. A type of passive database with storage capacity that you can categorise. Suppose you have 1,000 people and one large 1,000Kg lump of gold. The state of this economy can be represented by 10 bits of information. The lump of gold can be with one of the 1,000 people. Number them from 1 to 999 and the gold state is a number less than 2^10 – so 10 bits of information. If you divide the gold into a million 1 gram pieces, then each person in the economy can have up to 1 million pieces of gold. Since each piece is immutable but not unique, that means you need 2^20 (20 bits) per person to record the state of the economy. Pfh007 MEMBER R2M, In the absence of someone to parry with you might enjoy this article in Scientific American The January Edition is a special edition “The Future of Money” While not giving out too many spoilers the bottom line seems to be that whatever the shortcoming may be of BitCoin (and they are more than a few) the implications of new technology for the structure of our monetary system are great. It is just a question whether the benefits can be secured to serve the interests of the broader population and other species and the environment before the 1% crowd swoop in and ‘manage’ the new technologies to preserve their privileges. At the moment the 1% and their operating system – the monetary / banking status quo – are squealing like scalded cats because they have not yet taken control of ‘developments’. We need to be cautious but mindless supporting the status quo is not the answer. Revert2Mean 007, have no fear, the only thing I mindlessly support in regards the monetary system is a re-introduction of an asset-based currency, and in my case (I’m a traditionalist) that would be precious metals. I’d like to see an electronic currency based on precious metal deposits held in vaults. This would work quite well in a degrowth world, where deflation is a permanent trend, and which will inevitably be coming. Skippy, no, I don’t want to hear your nakedcapitalism.com-derived 2nd-hand ideas, thanks •. Pfh007 MEMBER R2M, I think you will like that special edition and the section about TradeCoins. “.With that possibility in mind, our lab at the Massachusetts Institute of Technology is working on creating a digital currency suitable for large-scale transactional purposes. Called Tradecoin, it will be indelibly logged on a blockchain and anchored at all times to a basket of real-world assets such as crops, energy or minerals. Doing so will help stabilize its value and make it easier for the public to trust it. The core idea is that a broadly useful currency needs both human trust and efficient trade systems. A digital Tradecoin built on a distributed ledger can allow alliances of small nations, businesses, commercial traders, credit unions or even farmers to put together enough assets to back a large, liquid currency that would potentially be as trustworthy and at least as efficient as the national currencies used by the World Bank and the International Monetary Fund. This would give the Tradecoin alliance members some protection from the selfish policies of the big players. The cryptographic structure makes it much easier, safer and cheaper for them to engage in international trade. If the alliance members are geographically and politically diverse, they could have greater immunity from the risk of default than if they were backed by a single large entity. Indeed, this is exactly how the Bank of England got started in 1694: as an alliance of merchants. By design, the principles behind currencies such as Tradecoin are fundamentally different from cryptocurrencies like Bitcoin, which are not backed by real-world assets and do not involve alliances. Tradecoin can also avoid the energy-intensive process of mining by using a preapproved network of diverse and trusted “validators.” Participants can choose a set of validator nodes who are sufficiently diverse so that no one can bribe 51 percent of the validators all at once. The result is a fast, fully scalable, reliable and environmentally friendly financial instrument. It combines the most recent technologies with the very old idea of a gold coin having intrinsic value, giving it the necessary trust to be used far away from its place of origin” I have no difficulty with these kinds of developments – let 100 flowers bloom – but I do see an important ongoing role for state money issued and withdrawn exclusively by the public authority in the course of delivering its platform/program. But that does not require cybercurrency technology. The electronic accounts of the central bank are more than sufficient to keep track of the ‘public’ money that has been issued by the state. By separating state money – backed by nothing but the full faith and credit of the public – from private monies of all shapes and sizes – including gold or commodity backed cyber currencies – we will have a flexible system where the private keeps the public system accountable and vice versa. Its not as though people are not already using a variety of monetary systems every day as they shop on the web or use the various reward point systems or “gift cards”. Clearly separating state money from private money is a long overdue reform. Naturally, such an approach does not appeal to the private banking crowd who think the current dysfunctional and chaotic model where private banks issue private credit that is treated as if it were public money is just tops. They love the way that the private sector is able to hijack, what should be a public power, in the interests of asset holders, bank shareholders and the wealthy. It is the ‘interest’ charge that they stick on to the private as public money issuance which is lies at the core of the endless growth dynamic. The search for that ‘interest’ hard wired into the public monetary system is the economic dog chasing its tail. Pfh007 MEMBER R2M “.In theory yes, in practice over their dead bodies.” I don’t think it will take that though stock up on ear plugs. The problem the bankers have is that there is a very large country ‘China’ roaring up in the rear vision mirror that is not playing by the ‘bankers rules’ and Bitcoin has re-opened the entire issue of what is money and what the hell do the private banks do anyway. With Scientific American and a bunch of others entering the discussion I think the barbaric relic of the 19th and early 20th century – our private/public fused monetary system – is going to be under a spotlight that just gets brighter and brighter. The hysteria of the Australian Bankers to the idea of a Royal Commission and the wild statements of their elected reps like Morrison and Turnbull are just a hint of the unease in the sector. Plus as I say – if we are serious about addressing the endless growth ponzi we need to address the thing that is driving it and that is a largely privatised public monetary system that has a compounding mathematical progression baked in. Pfh007 MEMBER R2M, Thanks for the link. The future forms of money as manifestations of ‘trust’ are likely to be very varied. It is very easy to see an ongoing and possibly significant role for gold and other commodities as the backing for private monetary systems. I suspect that people underestimate the likely ongoing role for fiat backed by the public mostly because of the reputation it has developed from being molested by private banks. Get the banks out of the picture and it is not difficult to imagine effective stable and productive fiat monetary systems. Plenty of room for public and private monetary systems competing to demonstrate why they can be trusted. We might be on the verge of a revolution in how money is used in the public interest. At least the potential is there. DarkMatter MEMBER R2M, this sounds like a cry for help. The future is confronting and you want certainty. Seeing as it is almost Christmas I would like to offer you some insights. The first is that the pleasant dream of an economy based on precious metals is now definitely in the rear view mirror. The advent of machines underpinning cyberspace is destroying that. We have moved on. The first clue about this is that “money” is losing value. Human labour is losing its place as the basis of value, because more and more, it is no longer needed. In addition to that, more things we deal with have no physical value. Movies, music, designs are not real substance and equating them to things like bits of metal is becoming increasingly difficult. The financial system now deals in “things” that require an enormous leap of faith to believe them equivalent to a sliver of gold or a litre of petrol. I would be very impressed if any economist could explain the value of High Frequency Trading, for example. The next problem is that a simple system like gold no longer has sufficient degrees of freedom to form the basis of an ever increasingly complex system like our global economy. That is why we are where we are now – we outgrew the old ideas of economics. That is why we are in a chaotic state where BTC and friends are causing havok. What else would you expect? The 20th century was a huge increase in complexity, especially when you factor in the advent of computers. We are not going back. As systems become more complex, the time constant between metastable state phase changes decreases. This represents a problem for humans. There are examples of stable economies that lasted millions of years – like the dinosaurs. The point to note with dinosaurs is that they were very simple unchanging systems. Human societies are developed far beyond that and now the time constant for change is measured in decades, rather than millions of years. At the moment, our “economy” is directly linked to our biosphere, so the implications of rapid change and global cycles of boom and bust could have dire consequences. For example, if we trash the current civilisation and revert to the 19th century, then that would mean another attempt to progress based on fossil fuels. That would likely use them all up and our chance at progress would be over. Fortunately, there is a possible way out of this quandry. Virtual Worlds offer an extraordinary opportunity to separate the “growth” requirements of humans from the “stable” requirements of long term stable systems (like the dinosaurs). Much of the human desires for growth and adventure can be easily moved into virtual worlds, where it does no harm to the substrate world. We have most of the technology in place to do this, so it is not science fiction. However, virtual worlds need rules to make them work. They will need economies of some sort. Bits of gold and items from the substrate world will not work in virtual worlds. Technologies like blockchain will form the fabric we weave virtual worlds from. That is good news for you. Old boilers like your good self will be able to grow potatoes and drive the tractor in the abiding serenity of pastoral bliss. If this comes to pass, separating the corporeal world from the raging demons of the human soul may be the greatest leap forward of all time. My challenge is about contextual accuracy from an Historical – Anthropological perspective wrt to some peoples metaphysical perceptions holding true across the vast time and space involved. It suffers the same pit falls as say psychological anthropology e.g. Very susceptible to projecting bias upon the past i.e. We can’t go back, so its kinda hard to do direct observations and make grand statements. I will accept that amount of knowlage, increasing all the time, from multidisciplinary field can be reconciled at some point in time. The drama is at moments discovery effectively turns previous notions on their heads, then everything else needs to be re-categorized to reflect that information. Too highlight this dilemma I would reference Hudson’s own observations about writing ‘Super Imperialism’, a book originally authored as a cautionary tail for the elites and other academics instead became a how too hand book. Same as my introduction to an old commenter here at MB, 8~ opining when introduced to Shackson’s ‘Treasure Islands’, too wit – might read it to gain a few tips on tax evasion. I find it hard to reconcile a dominate sociological disposition [neoliberalism] with being synonymous with money forms e.g. Human tool user problem, one proceeds the other. Colin MEMBER I can’t add to what you say Skip – nor dispute what I understand of it. This perspective is hardly new, it was presented to me by pre war types in the late 70’s as the ‘true’ story, along with him being the first socialist, the rest was just dust kicked up to hide this nub. That was well before this latest wave of Usury. Had I known more I might have asked how far back they thought the theme has been running. It’s been shown that oral history in some tribes throughout the world has been confirmed up to 7000 years ago – Aboriginals the best at keeping oral records. We’ll probably never know if this holds any water, but it’s not hard to see (curve fitting?) patterns throughout. What happened to Op8red? What part of reality escapes you I made several references to your complaints, which have evidence to support. Washy washy rhetorical crap aside. “That does not seem consistent with anything you say. Though divining your position on this issue is always a fraught exercise.” If that is not an sampler of sophist rhetorical re-framing the evidence or a special rhetorical plea to emotive projection, I fear for logic, just he word stuff would regal a tent revivalist. Disheveled I just don’t understand why you can’t argue with out all the BS why all the Bernays shit •. Pfh007 MEMBER Sweeper arrives! Now our nativity scene is complete. “He was fine with debts owed to the State and with State money “render unto Caesar”. Definitely not a libertarian money crank. Would oppose bitcoin I’m sure.” Hmmm that render line sounds like a reference to the payment of taxes. Your linkage of that to debts owed to the state has a whiff of MMT about it or are you just wearing a bit too much Frankincense tonight? Have you jumped the fence? Are you now a subscriber to the view that payment of a tax is nothing more than a repayment of a debt owed? A debt without any specific contract? So you disagree with Hudson? Hudson seems to be arguing that Jesus had a beef with “debts” in general and the body politic and spiritual life becoming infected with the ideology of debt. Does not seem very likely that giving a privileged status and the protection of the state to credit created / debt instruments of private organisations would have been given the Jesus “seal of approval”. But on these spiritual matters I suppose I should defer to those with deep faith in the virtues of private debt elevated to the status of the states money. Smells and bells. Pfh007 MEMBER Sweeper, “.First Chifley, now Jesus. Can’t you support your money crankism with sound argument rather than appeals to higher / devine (sic) authority?” I don’t need to recruit them. Chifley made his position perfectly clear back in 1937. “The evidence given before Commission, and personal observation and experience, lead me to believe that there is no possibility of the objective being reached, or of any well-ordered progress being made in the community, under a system in which there are privately-owned trading banks which have been established for the purposes of making profit.” By his own words he makes me sound like a moderate! I know it distresses you being told that Chifley had no time for your private trading bank preservation program but historic facts are historic facts. As for Jesus? Well that was the whole point of my link to both of those articles about or by Hudson. I am not a bible/torah expert (unlike spiritual Skippy) so I was interested in what the sky god crowd had to say about Hudson’s claims as it seemed pretty clear that Hudson was painting Jesus as a money crank. Yet both you and Skippy are slipping and sliding around and dodging the issue. So far the most either of you have come up with is your observation that Jesus told people to pay taxes to Rome. Skippy seems to be suggesting that Hudson is wrong but in the absence of any supporting evidence we are relying on warm air fresh from the pouch on that front. On those slender threads you attempt to recruit Jesus to your private bank defence squad. I know that you don’t read stuff – even the reference links in you own school projects – but you are going to have to try much harder than that. The whole point Hudson seems to be trying to make is that the historical Jesus had NO time for your debt bondage crowd. Perhaps Hudson is wrong but at the moment he seems to be chalking up Jesus as a member of team “money crank”. But don’t fret. Santa has pretty low standards these days so I am sure that there will be something in your stocking tomorrow even if you have spent the year arguing for the wrong team. The bit about paying taxes in this case is about material concerns vs. Jesus was just pointing out the priority according to scripture, his entire works were about preparing – his people – for their afterlife, in their heaven, in their gods embrace, by obeying his laws. Same as the old time missive about a man going to his spiritual leader wrought about going bankrupt and needing his divine guidance. Only to be told by his spiritual leader that’s not his job, his job is to prepare him for what might happen after death. Not that he also said people in servitude should obey their masters as they would god himself. God establishes the pecking order and any wrong to these earthly masters was a direct attack on Gods will. This is how cheery picking antiquarian opines ad hoc to support some claim goes completely off the rails. For a good time search NC archives where Beardo and myself discus the topic of spreading skys as proof that the cannons are accurate – valid. Sweeper MEMBER You quote that 007 as though it supports your case, completely missing the point that Chifley was making. Which is that the *profit motive* is incompatible with commercial banking. Not deposit creation, the profit motive. Made this point so many times, yet still you try to twist his analysis. Being forced to undertake an exhaustive study of the gospels back at School my fading recall gives me enough confidence to say that Jesus was not a revolutionary socialist committed to punishing the creditor class. Pfh007 MEMBER Sweeper, “.Being forced to undertake an exhaustive study of the gospels back at School my fading recall gives me enough confidence to say that Jesus was not a revolutionary socialist committed to punishing the creditor class” Well then you should have no trouble engaging with what Hudson is arguing. It sounds like yet again you haven’t bothered to read what we are discussing. Oh that’s right you don’t read do you? Its all just a direct call to Sweeper authority. As for Chifley there is no twist in my analysis – credit creation is what he is talking about – it is your own projection about deposits that you keep stumbling over. You really need to let go of that school project of yours. It only proved that you are better at boxing your imagined opponents than the ones in front of you. But as someone who waxes and wanes between nationalising the banks and letting them continue you probably are not sure what Chifley was talking about from one day to the next anyway. Don’t forget to put a carrot out for Rudolph and a beer out for Santa. Jacob Automation? Luckily most Britons want UBI: The highest support for the concept came from Spain, where 71 per cent of respondents said they would support such a measure. A way of rewarding and encouraging people doing “very important unpaid work, such as caring or other voluntary work” – 79% found this very or fairly convincing. Such as the work done by Michael West. He could do investigative journalism full time! Clintonconsidered supporting policies that would make the Left salivate: a basic income for all, paid out of the pockets of the extractive industry, and single-payer healthcare. Australia and Britain already have single-payer-healthcare! It is not here thanks to the right wing but the left wing. Remember, the fake right wing tried to increase the GST rate without giving out anti-poverty cheques. The left wing should have UBI in its manifesto. Footsore Though I’m not sure whether it is actually a creation of the Right it did have two very prominent figureheads of the Right as supporters, Mr. Friedman and Mr. That does not mean that it a solely Right idea. The Right-ness or Left-ness of it would come down to its implementation. Does it become a token system for basic services like education and health that the State then removes, as well as the continued deregulation of other things thus forcing the low income receivers of a UBI to just give their money to connected corporations? If the answer is yes, then it has been implemented in a more Right kind of way. Does the State provide basic services, crack down on rentseeking and also provide a UBI. Then it has been implemented in a more Left kind of way. Here’s an interesting interview with someone who knows a fair bit about it, including its history, the small scale trials and the outcomes of them. Jacob You are correct. We already got a taste of UBI with Rudd’s $900 cheques. Were any services removed? Even if the cheques were permanently annual, I would find it hard to believe that Rudd would abolish Medicare or public schools. But the psychopathic right wing has been trying to take money away from the poor even in the absence of UBI. The LNP tried to put in a GP tax. The LNP (and the Greens!) increased the petrol tax recently but gave out no compensation to the poorest voters. Do not forget how the LNP tried to raise the GST rate recently. UBI or not, the LNP has been hurting the poor since Howard became PM. Gillard was also as bad as the LNP. She financially hurt single mothers and she put in a huge carbon tax but gave no carbon compo cheque to the poorest voters! Polling says even most Americans want UBI – and they have no welfare to lose. For poor Americans, it is all upside and no downside. Skippy footsore I concede that implantation is critical, tho stick to my guns wrt the power relationship aspect, whilst noting the ratchet like effect to diminish any democratic means to put a base line under society. Until the latter is satisfied I find it difficult to envision. Read the opines of Milton and such. Disheveled I also note your market preferences wrt how markets operate and my concerns about that view e.g. Markets are a subset and not a leading cornerstone of a functional society. This is not antiquity. Footsore Sorry, that hasn’t helped me at all. You wrote, ” I also note your market preferences wrt how markets operate and my concerns about that view e.g. Markets are a subset and not a leading cornerstone of a functional society. This is not antiquity.” It wasn’t clear to me what you were saying, so I asked, “Which position do you think I hold, where do you claim to stand, which of the two are tied to antiquity and why is that so?” Unless you answer those four questions it’s impossible to reply. Footsore I really can’t make sense of what you wrote. You didn’t make clear which position you think that I hold, nor did you say which position you think is related to antiquity. The fourth question, about why one of those positions is tied to antiquity, was posed because you made the claim that it was, but didn’t explain why. Perhaps you’ve presumed knowledge that I don’t have. Anyhoo, just follow the bouncing ball below and we can get back to it. You (footsore), in my opinion, think that markets (are / are not) a subset and not a leading cornerstone of a functional society. In antiquity, which was the time up until (insert year here), markets (were/ were not) a subset and not a leading cornerstone of a functional society. This changed because (insert reasons here). My concerns about that view are (insert concerns here). Cuturhair MEMBER I’m one of the dopes who had a term deposit with Banksia. Last week we received a letter in regards to the court proceedings against the trustees of Banksia. The trustee of Banksia has agreed to pay $64M to settle. However litigation costs are $4.75M and the litigation funders are taking $12.8M, and after some other fees it the account holders will get $44.62M, and will take them up to about 88.6% of their investments – this is about 5 years after the company went into admin. The true winners out of this is the administrators, liquidators and lawyers. I’m fairly sure that between them they would have taken more than the outstanding 12% to account holders. Nelson Cruikshank Real estate prices have literally 0% relationship to interest rates. People have come to think of interest rates as “something to do with housing loans” – which is so insanely stupid there are literally no words. Mind blowing that anyone would think it. The price of cars is going down – cut the rates. The price of shares, apples, spray paint – cut the rates.no – its absurd. Rates are set based on the wider performance of the economy, currency, employment etc. The fact people have come to associate them with housing loans is just an indication of how corrupt our economy has become (beholden sorry) through developer banking political complex. The most important indicator for the RBA to look at for interest rates is not housing prices – its INFLATION. Say it altogether now – INFLATION. So if the currency goes tits up (USA tax cuts) or iron ore collapses, or ratings down grade etc – then guess what – rates will go up. Even the idea that interest rates are set according to economic activity (cut them to stimulate the economy) is FUNDAMENTALLY WRONG – that idea has only come about over the last decade and a half of low inflation. Poor economic performance is 100% over ruled by inflation – there is no way around this – zero. And if that inflationary cycle is being drive by currency – then you are totally and utterly screwed. Djenka Real estate prices have literally 0% relationship to interest rates. That is interest rates affecting real estate – we are talking about real estate affecting interest rates. Read above and tell me it is not contradictory (if you can) 2. “we” in what you said is actually what “you” are talking. What *we* were talking before your first comment is of the *effects” that will stem from.gov.au commitment to RE price maintenance at any cost. Talking, not debating. What I think you are saying is akin to bodies are really good at stopping bullets – when we are I am talking about bullets being really good at killing people. What I actually said was “when killing is required, bullets will be used“, to use your allegory. Again: “you” and “we” where “I” should have been used. There, I corrected it for you. Unless you patented wisdom of the mankind, no need to be rude in otherwise polite conversation. Did I go to the back of the line? Mining Bogan MEMBER @NikolaI’ve told the story here a few times about being approached quietly on the golf course to buy property during downturns by agents who would otherwise ignore me. I used to go and have a look online in case there was a bargain to be had. They were never there. Didn’t exist as far as RE stats were concerned. They were being sold on the quiet for their friends and loyal customers. Only the losers with no connections were being added to the stock on market. Imagine that eh, spending a fortune to sell your place through an agent who will whack up an ad and have an occasional open house for you while in reality are doing the real work for competition you don’t even know you have. It truly is a sleazy world of slime this RE game. Djenka Your comment is awaiting moderation LOL No need for PLC (and there are simpler cheaper programming devices like RPi Arduino etc) Empty your hot water tank once a day, run aircon 14hrs daily (own timer) and have some water go on timer and bob’s your uncle. Have TV and radio run on timer too for some noise. Impossible to trace from the outside if within consumption range for number of residents. Even internet consumption can be set with simple cloud syncing and streaming (e.g. Youtube) Only disinterested and challenged will not be able to set this up for pennies. Finger pointing may be somewhat effective but it is at best subjective evidence. Ric MEMBER @travis There’s a work around for anything and everything. Gas hotwater, turn the tap on via water solenoid and timer. Or, simply don’t have gas, just crank up the electricity. Neighbors dobbing? Just say, “they don’t like me. How is an empty tower of units going to dob on each other? This is just more BS from our fking disgusting gov selling our kids out trying to convince us they care. Say no to ANY FURTHER foreign ownership at all. Say no to ANY FURTHER population growth. Vote for anyone but the treasonous LNP, Labor and Greens, leaving them last below the line. Ric MEMBER “In November, federal Parliament passed legislation giving the Australian Taxation Office power to fine foreign investors up to $5500 a year if they leave their properties empty, plus up to $52,500 for failing to lodge their forms” $5500.HAHAHAHA. This is just for giggles. Million dollar properties it’s just pocket money. Cost of doing business. Make it $1m a year if they’re serious (which they’re clearly notjust appeasing a beyond stupid electorate). Meanwhile they’ve allowed AirBnB to walk in and take an enormous chunk of rentals to provide for another million tourists a year taking seats on trains, using electricity, water, disposing of rubbish, congesting traffic, clogging hospitals, making Sydney property owners even more wealthy, allowing them to make multiples what they were renting to residents. When’s the revolution start? Not until we’ve lost the entire lot to foreigners, and by then there’s brand new voters happy with the status quo pushing their property values skywards. Mining Bogan MEMBER I think Jack is playing for sympathy. I have to carry him out the back for a pee, watch him waddle a few paces, pee, waddle back and turn into the ‘carry me’ position. I carry him back inside where he returns to his position next to me with his nose stuck underneath the back of my leg. Yet when lovey comes home he’s all prancyfor a bit. Short walk for him tomorrow to get him back out there so there’s no long term fraidycat issues. He’s quite a popular little dogmore popular than mehe’s the son of a bankerand folk have been asking about him. My book choice was this I promised his aunty at a xmas party that I would read it asap. Bolstrood MEMBER Just read the Hinkley Point Nuclear Reactor story Hinkley Point: the ‘dreadful deal’ behind the world’s most expensive power plant and yes it is a very “Australian” tale of government Cluster F ck. The take away from it is; Don’t let politicians anywhere near infrastructure projects. I tremble at the thought of Barearse Barnaby’s brain farts, We could see a Cracked Coal powerstation, Waterless hydro, Renewable fossil fuel all coming in way over budget and years behind schedule •. Gunnamatta MEMBER well it is manufacturing and it does reflect the economy of scale dynamic when it comes to meth production, so it makes sense for Chinese connected outfits to do it. It is for meth production what it is for plastic toy, shoe, or TV manufacturing (etc). As for the others the only question is to get it where there is demandif only the China Australia FTA had a provision for methamphetamine markets it would be legal. Sure the product isnt nice. It isnt nice in China or here. But there are loads of not nice products when you take a peek. Maybe I should set up an association to represent the interests of the methamphetamine users lobby, and their right to access cheap product (and they could probably use some Australian tax breaks too). Maybe I could get wealthy spruiking China.(but if it wasnt China it would be somewhere else – although it is China right here and now – and the real issue is us). Footsore One tonne only lasts two months. Not knowing how big a hit is, I’ll use the classic drug measurement of a point. One point is a tenth of a gram. There are one 1000 grams in a kilo, and 1000 kilos in a tonne. That gives us 10,000,000 hits. Can one cut ice too? If so, the middle (wo)men will make it go even further than that so that they can increase their profits. So, Australia might burn through 10,000,000+ doses of that stuff in two months. Is there anyone who actually knows about this that can edumacate me on this topic? Djenka Hugh Hefner is a bit dead indeed. I saw that coming but was too lazy to edit.. Your thinking is absolute garbage. You assumed that I vote for her? You assumed that I am against a particular race? My objective is not you but what was said. I care not whom you vote or if you are (or not) against one or many particular races. Assumption is made of what I supposedly assumed. You can call my thinking absolute garbage and that is your prerogative. I do not get offended. I just do not care. But I listen what you say trying to understand your perspective and I address it. None of that you said is a counter argument. I am here to discuss and unlike many others I decide not to disregard all of your comments (and only choose a few to respond). If you think my point is “garbage” please elaborately explain why and try to understand my point as is without colouring it with own bias. @ irrelevant stakeholder “delusional” Indeed. Triage MEMBER Jacob – re franchised supermarkets? Is IGA something similar to a franchise system? Maybe the profit margins for supermarkets are so thin that the chain store model is more appropriate than the franchise model (??). In any case I think the suggestion is that Woolies is setting up “dark stores” (dumb name, immediately conjures up something sinister), which are effectively local warehouses that are not open to walk-in business but instead are for packing online orders ready for delivery, as a way of cutting the wages bill. It seems they’ve done a secret deal with the relevent union to lower the wages bill. Ric MEMBER From Grasshopper 1 day ago The government does know what it’s doing, it’s looking after business at the expense of the people. This is textbook right wing capitalism at it’s best.and people keep voting for it. That’s why the old adage says that people always get the governments they deserve. People need to stop letting the political class convince them that growth is good. Growth is poison! It means more traffic, less services, lower wages, higher house prices, more environmental destruction etc. Flag9Like charleybrown 1 day ago @Grasshopper Agree but all our politicians are the same. Our voting system means we only get Labor or Liberal governments and they both support massive immigration levels. Flag1Like Original_Aussie 1 day ago @charleybrown @Grasshopper Exactly; the my turn, your turn two party system; both as bad as each other; somewhat like the USA FlagLike Grasshopper 1 day ago @charleybrown @Grasshopper Yes the major 2 are much the same, that’s why voting for minor parties is good for democracy. Vote for small parties with population policies and other more community oriented policies and it will force the majors to move more in that direction. Without an education campaign in how to get rid of LNP and Labor, we’re just going to continue with destructive population growth. Dick Smith, MB and we have to educate Australia. Leave them last below the line should be said 100 times a day. Donate to DS Send him a message on your views of how to get the dumbest people on earth to vote in their own interests. T Look, brit agit prop! To be fought by our brave chink troll armies. You understand no one cares? This back and forth nonsense, oh look the brits tried to use agit-prop, badly. So the chinks do the same. Do you actually think the population is so stupid as to not know what both sets of muppets are trying to do? Would you like to know the truth – normal people despise both sides. So when you pass by, sure we’ll seem to pay our respects. But fail even for one moment, make one wrong move, one moment of weakness, and the knives will come out. Sure, some system will survive, someone is always the man. But what of you, will you end up on the right side every time the cards are dealt? Do you feel lucky today? Triage MEMBER Nice work Gramus, you’ve triggered another rebirthing of our resident Chinese troll. ? Not sure about the actual figures they provide but one point of distinction they fail to highlight is that what the Chinese authorities did in Beijing in 1989 was against their own people. Similarly the Communists rightly highlight the terrible crimes committed by the Japanese at Nanjing in 1938 but stay mum about the tens of thousands of Chinese civilians they themselves killed in the Seige of Changchun in 1948. Skippy FFS I worked to provide security against SWAPO and private propery, not to mention I had friends die in the failed attempt to rescue the Iranian hostages, even tho Raygun made a bargain to wait till after his coronation w/ Iran disheveled try facts wing nut I’m a feral capitalist but I can only take it so much neoliberalism capitalism is about up lift of everyone not just a few look out the window some time PS China is state capitalism writ large, just as much as the U.S. Perceptions may vary •. JohnR MEMBER “‘Cos the younger generation don’t want to work with stock”this comment was made by the farmer I was speaking to, and he’s not the sort to bemoan the young generation, just calling it the way he sees it. Land prices – can’t provide links but my understanding is that the land in most states was given away almost for free 100+ years ago and the families who hold it now held it then. So you don’t just buy into the industry as a neophyte. I also believe that prices are rather high vs what the land produces. Wiley Wolf JR that is probably on the money. The other half of my mob has very large properties in central victoria running fat lambs, and they are just about cured from the stress of the variable weather to them, but not historically. To run an agribusiness today you need big margins 20% odd to counter for the overgrazed nature of the properties. A smallest hiccup in the weather and you lose a crop or a production run of animals. That is why everyone has gone flipping houses, but remember you cant go back, the land is now over the horizon to most. When you join the dots,there are big changes coming. Pester NOT THE KIND OF KIDDIES HOMILY YOU WILL HEAR TOMORROW: Jesus Came to Save the Worst of Sinners Zac Poonen| 24 December 2017 Matthew Chapter 1 gives the genealogy of Jesus Christ. The Jews mentioned only the names of men in their genealogies. However, here we find four women mentioned as well – teaching us that Jesus had come to raise the level of women from the low position that Jewish and heathen society had given them. Further, these four women had a sinful history, teaching us that Jesus came to save the worst of sinners. “He shall save His people from their sins”. This is the meaning of the name, “Jesus”.” The first woman mentioned is Tamar (Matthew 1:3). Tamar was Judah’s daughter-in-law through whom Judah had a son Perez, who was an ancestor of Mary, the mother of Jesus. Jesus was in heaven when this incest took place (Genesis 38:12–29), and decided that this sinful line would be His earthly family-line. How many of us would choose such a sinful family-line and have an incestuous relationship mentioned on the very first page of our biography? The second woman mentioned here is Rahab (Matthew 1:5), who was a well-known prostitute, in the “red-light” district of Jericho (Joshua 2:1). A Jewish man name Salmon married this Gentile. Jesus saw this marriage, of a Jew with a Gentile prostitute, from heaven – and decided to come through that line. The third woman is Ruth (Matthew 1:5). Ruth was a Moabitess. Her ancestor was Moab, who was born through Lot’s adultery with his daughter (Genesis 19:30–37). Once again, Jesus saw this incest from heaven, and Ruth descending from this incest, and decided to choose that line. The fourth woman is Bathsheba – the wife of Uriah (Matthew 1:6). She was the woman with whom David committed adultery and whom he later married. Once again, we have a woman whose history is one of sin. She was not the ancestor of Mary as the first three women were. She was the ancestor of Joseph. (We can see that when we compare this genealogy with the genealogy of Mary in Luke 3). Joseph was of the royal line of David, and Matthew was proving through this genealogy that Jesus was rightfully the true king of Israel. Why did Jesus choose such a sinful family-line? To show His identification with the race of sinful men and to make it manifest that He had come, not to call the righteous, but sinners to repentance. So we see that no-one needs to be ashamed of his/her family line. In India, people boast about their family-tree. When a Christian does that, he shows thereby that he has not understood the Spirit of Christ at all. When Joseph heard about Mary being pregnant, and not knowing that this was a supernatural work of God in her womb, it says that since he was a righteous man, he did not want to disgrace her but wanted to cover what he thought was her sin (Matthew 1:19). There is something we can all learn here about righteousness. The message of the gospel is essentially how an unrighteous man can become righteous. The first person to be called a righteous man in the New Testament is Joseph. And his righteousness is mentioned in connection with wanting to cover another person’s sin and not shame that person. This is the spirit of a truly righteous man. When you hear that somebody has sinned, what is your immediate reaction? If you are a righteous man, you will want to cover it. If you are an unrighteous man, you will talk about it to others. There we see that Joseph, who did not have the Holy Spirit and was not under the new covenant, was far more righteous than millions of believers who claim to be born again. With the standards of the old covenant, Joseph decided to cover what he thought was sin. Thank God he never scandalised Mary. For if he had, can you imagine the regret and remorse he would have had, when he discovered the truth – that she was 100% pure and innocent!! These things are written for our instruction. How can you take back stories that you have circulated about others if you later discover them to be false? For the one you told them to would have circulated it further to perhaps ten other people who in turn would have spread it even further. So here is a warning and an example for us from the very first chapter of the New Testament. Cover the sins of others. Learn from Joseph’s example. Love covers a multitude of sins. In Matthew 1:21, we read the very first promise in the New Testament: “He shall save His people from their sins”. This is the meaning of the name, “Jesus”. This is not a promise that Jesus would forgive our sins, but that He would save us from our sins. Forgiveness is merely the removal of the guilt of our past sins. To be saved from sin is to be saved from anger, the lust of the eyes, covetousness, bitterness, jealousy, etc. It means that He will save us from being enslaved to sin. The second promise in the New Testament is found in Matthew 3:11: “He shall baptize you in the Holy Spirit and in fire.” These are the first two promises in the New Testament – and in these, the message of the gospel is summed up. We need to experience the fulfilment of both these promises. We need to be saved from our sins and we need to be baptised in the Holy Spirit and fire. T Everyone appreciates and understands what the christian faith has done (or tried to do anyways). But not anymore? Instead of repeating old, badly translated, 1000 year old tropes, maybe help us all understand something please? (1) ‘He shall save His people from their sins’ – Awesome. ‘Forgiveness is merely the removal of the guilt of our past sins. To be saved from sin is to be saved from anger, the lust of the eyes, covetousness, bitterness, jealousy, etc. It means that He will save us from being enslaved to sin.’ – Even better. But as far as I can tell, all this only works for sinners who repent right? First, you have to repent, and only then does all of your stuff work correct? Tell me, in the ideological echo chambers of the 21st, in the secret garden of the crazed feminist cult, in the board rooms filled with social media experts, are you seeing any repentance? (2) ‘He shall baptize you in the Holy Spirit and in fire.’ – really? Post vatican 2, really? How is that working out for you. Is the Anglican Church still pushing women bishops, or have we moved on to gay bishops yet? One would have thought the kiddy fiddling scandals would have put a damper on the Church’s enthusiasm for left wing heresy, but the news from Rome would not suggest that would it. Is the holy see still kissing the feet of invaders and decrying the walls around the vatican? T Everyone appreciates and understands what the christian faith has done (or tried to do anyways). But not anymore? Instead of repeating old, badly translated, 1000 year old tropes, maybe help us all understand something please? (1) ‘He shall save His people from their sins’ – Awesome. ‘Forgiveness is merely the removal of the guilt of our past sins. To be saved from sin is to be saved from anger, the lust of the eyes, covetousness, bitterness, jealousy, etc. It means that He will save us from being enslaved to sin.’ – Even better. But as far as I can tell, all this only works for sinners who repent right? First, you have to repent, and only then does all of your stuff work correct? Tell me, in the ideological echo chambers of Facebook in the 21st, in the secret garden of the crazed feminist cult, in the board rooms filled with social media experts are you seeing any repentance. Are the people clamouring to be saved. (2) ‘He shall baptize you in the Holy Spirit and in fire.’ – really? Post Vatican 2, really? How is that working out for you. Is the Anglican Church still pushing women bishops, or have we moved on to gay bishops yet? One would have thought the kiddy fiddling scandals would have put a damper on the Church’s enthusiasm for left wing heresy, but the news from Rome is not so good, is it? Presumably the holy see is till kissing the feet of invaders and decrying the walls around the Vatican. Footsore I have disturbing news from the real world, the saxophone is making a comeback. Two bands I saw last night had a saxophone player, and it wasn’t the same guy. Nor was I at a jazz show, one of the bands could roughly be described as Human League fronted by Robert Forster. (A surprisingly good combination.) A few weeks ago I was at a party, merrily enjoying the DJ, when the music stopped and out came a saxophone player. Very rude and not very considerate of the mood of those on the dance floor. And then there’s Alex Cameron. It probably won’t reach the point where that shirtless dude from ‘The Lost Boys’ and Tina Turner’s ‘Simply the Best’ can cash in on it, but you have been warned. Footsore TW, I wrote that post with quite the hangover. The bad saxophone stands out, but you’re right, it isn’t hard to think of songs I like with saxophone. Some that pop to mind are The Cure’s ‘Hey You’ and their single edit for ‘Close to Me’, Lou Reed’s ‘Walk on the Wild Side’, The Stooges’ ‘Funhouse’, X-Ray Specx’ ‘Oh, Bondage Up Yours’ and, my favorite, Sparks’ ‘Equator’. I guess that I end up remembering the saxophone bits I dislike more that the bits I like. On Icehouse, ‘Nothing Too Serious’ is my favorite saxophone track of theirs. The only flaw with their perfect pop song ‘Electric Blue’ is the saxophone solo. Gavin MEMBER I made mention of it in another links post, horrible it’s a leftards wet dream. Princess Leia has a Mary Poppins moment, you have to deal with a stubborn feminist with purple hair, plot holes galore and various story arc’s from the previous film killed off with no real reason or explanation. Luke’s character is basically an old man who says “get off my lawn”. I could go on, but the comments on Rotten Tomatoes sum it up pretty well. Rogue One was awesome, I didn’t particularly think much of Force Awakens and was hoping for more with this film, but it’s been the worst film since the Prequels by George Lucas. Pester Rsponding to T.: Same as Jesus said when a prostitute was going to be stoned, don’t judge unless you are sinless (he wrote their sins on the ground). Pissed off Christians OK then (without judgement). Yes and Jesus was ‘pissed off’ when he found bankers operating a shopfront in the holy building. But I cannot speak in an official capacity on clergy wrongdoings and I don’t. But your faith if you want it will come from (1) studying the scripture; NOT AS A BLINDING FLASH but incrementally once it really looks like you want it but aren’t just looking to denigrate it. Maybe start here: Then go to Executable Outlines and read about the precise delineation of what Jesus would do 500+- before Jesus arrived: ‘Epistle to the Ephesians’ And you’d be crazy to think anyone would act out what Jesus did just to copy scripture, getting himself killed, and how do you act out his main, or a main glory, RISING FROM THE DEAD. And followed by an unprecedented explosion of the faith in the 30 years after Jesus brought by some Apostles who didn’t have time to study 5 or 6 languages each but just ‘GOT LANGUAGE’ (2) From some encouragement you may get in your heart from the Holy Spirit (God), and (3) from your heart felt acknowledgement that the moral teachings (love) of Jesus are the best thing the human race has going for it (simplified to humanity for some who need it simplified). None of this is meant as a justification for the entirely horrific harm caused by the clergy (not meant as judgement, but as pissedoffedness), which have undoubtedly made your understanding of (3) so much more difficult. Ino Good good! Let the butthurt flow through you, chairman Xi! For first salvo across the U.K. Bow, might I suggest picking on a territory of theirs, and show them who’s boss. Suspend ChaFTA? Stop allowing “students” go overseas. That will really show them up, it will! Oh, and to show them you’re really serious, order your overseas political benefactors to leak their done deals with the political elites in, oh, let’s pick another Crown dominion at random, say, Australia oh what fun is that going to be! Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. If you are new to Bitcoin, check out and. You can also explore the: • • • • • • • • • • • • Community guidelines • Do not use URL shortening services: always submit the real link. Jan 27, 2018. ETH, WAVES, USD, RUR As. Dimecoin currency dimecoin converter dimecoin. In bitcoin cloud mining site Lifetime contracts. Genesis Mining 'lifetime' BTC Cloud Mining Contracts. As a lifetime contract. Mining X11 contract, I have recouped the USD I put into it in. Jun 13, 2017 - AVOID SCAMS! Most cloud mining companies are scams and this post will help you avoid these scams. • Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. 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New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider. • Do not post your Bitcoin address unless someone explicitly asks you to. • Be aware that Twitter, etc. Is full of impersonation. Related communities Sorted roughly by decreasing popularity. • • • • • • [] • • (NSFW) • • • • • • Non-Bitcoin communities • • • • • • • Join us on IRC Other Bitcoin sites Download Bitcoin Core is the. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet. • Latest stable version: [] • • You MUST before running it. Style sheet credits The CSS used by this subreddit is the Erdune Theme modified by and. Check out his other work. Ad campaign: We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. The funds already donated will be spent on some sort of advertising, as intended. As of now, 7 BTC was spent out of 4. If you have ideas for the remaining BTC,. I am a cloud miner since Feb. 2015 and over that period the payouts have decreased by half. As per my calculation I will take more than 50% extra time to break even. But since, I have a lifetime contract, I will be profitable in the long term right? Wrong, I will still loose out as the miner can stop mining if it is no more profitable to mine or the price of BTC falls further. The miner gave me 2 reasons: a) the mining difficulty and b) the low price of BTC these days hence, more maintenance cost in USD I understand a) but b) is more in favour of the miner than the people who buy the contracts. Because of the low price, the miner is deducting more BTCs after conversion to USD. My personal advice: don't buy cloud mining contracts as they are not in your favour and more in favour of the miners. That is how they earn money from your money. That company probably won't last that long, if it does it will get to a point where there fees are higher than the return your 'contract' would bring in (I see one of the 2 they are offering already has 100% fee at least they seem to be honest on that). Cex.io is already at this point and they are one of the few somewhat legit cloud operations, they admitted the fees where too high and shut down their cloud service, though you can still buy 'shares' but they won't be mining anything. Besides that, there's no way of predicting ROI beyond a month or 2, you can't predict price, difficulty or new hardware developments and how they will affect mining. But if you do want to cloud mine, you shoupermalinksaveparenteditdisableld at least rent from actual miners using, where you can direct the hashing to the pool of your choice (thus verify that its actually REAL hardware not just a ponzi) and rent by the hour instead of having to pay 19 months worth of mining income up front for a 5 year contract. Edit: Oh and just a heads up, eobot's rating on the list is not good: 6/7 signs of a ponzi + possible malware/wallet stealing software. I hope you didn't install their software. I've been scammed by cloud mining at least five times in the past 2.5 years. The first took my money in bitcoin and gave me nothing. The second took $34 and in 2 years returned about $4. The third was Cex.io ghs. Probably lost $200 in that. The next one took my money via paypal and gave me nothing so I disputed and won. The most recent is genesis mining. Got about 20% back, future looking bad for it based on diminishing return. Cloud mining is just a legal way of subsidizing miners with negative interest loans. |
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