Hey. I'm a long time player and I just can't decide on what gun to use lately. Used to strictly use the Vepr Hunter. 60k no armor loadout with m80 or m62 rounds, fearing no chad. I still think it's probably my most cost effective weapon, but I hate it for a few reasons. I can't suppress it, I can't add flashlight / laser, it's not very fun to use because of the fire rate / recoil, it's super fucking loud it hurts, it looks ugly. Then I moved on to the USB x8 trade for m1a and threw sites on it, it's a bit better and not much pricier, though the price has gone up with the value of USB's. Too expensive to suppress though I'll need to spend a lot for that. With the upcoming 85 health sponge of a chest, I'm done with this caliber anyways I think. Why should I take the downsides of using a heavy caliber if I can't one tap the chest anymore anyways, I'll two tap chest with an m1a or I'll two tap chest with pretty much any other gun anyways, or 1 tap head. Just don't see a reason for using this caliber when considering the downsides. Then I tried:
PP-19 Vityaz: With EKP + Buttpad it's only 35k and has low recoil, meh fire rate, 30 rounds of full auto fire using fairly cheap AP 6.3 rounds that will facetap almost anyone, but now I have to once again fear the super chads using level 4+ face armor. Hard to hit faces too. Trouble fighting raiders (I play reserve). Optional suppressor for this gun is just 12k rubles! Super cheap to be able to run a suppressed full auto laser for just 48k rubles, but really shitty caliber. This will always be my super budget gun, cuz I can use it for just 25k with ammo and an extra mag... Always comes back in insurance so basically costs 5k...
MPX: Modded out to cost 85k, not too bad, it's a super laser, like 0 movement when shooting, and suppressed with flashlight / laser combo and holo site. Great fire rate. Still a dogshit caliber though. Waiting to see how the new 9mm AP ammo is, but for now I can't justify 85k on a weapon that can't beat a super chad. Very fun to use and cool looking gun though!
MP7: This thing fucking shreds. Uses ammo that can pen level 4 right away, level 5 after a very quick burst. (FMJ SX). It will two tap chest still with the 85 hp as the round does 43 flesh, NICE! It's fun to use, looks awesome, easy to mod, fairly cheap (40k + 20k site) but the downside is that the suppressor for this thing costs a whopping 60,000 rubles! If I want to suppress this thing I'm spending 120k! That's no longer budget for me, that's getting into the "Fine I guess I should bring good armor too now" territory. I could run this thing without a suppressor though, just not as fun and I swear my aim is 100x worse the more sound my gun makes lol. The ammo is cheap though and stacks to 70 in container. Definitely still considering using the mp7!
M4: I used to pass this off as overpriced but once I realized I was spending 120k on the mp7 I found an m4 trade from mechanic. 1 bitcoin + 1 GP coin = 140k, the m4 comes super modded, 54 recoil!! That's insane! It's not suppressed though so nah.
VSS: It's honestly tempting. I mean it's like 75k on the flea market, 90k with a site. The 20 round mags are rough, and it's tempting to go with 106k so I can run an RVG grip on it to steady the thing a bit more, but for budget just 80k. Great ammo options. Already suppressed. Unlikely to come back through insurance though. Considering this as my budget suppressed build. My main issue is the 20 round mags though. This is still probably my best <90k suppressed gun for taking on chads.
So right now I'm thinking MP7 for budget as a 60k anti-chad weapon, or VSS as a moderate cost suppressed anti-chad weapon at around 90k. What are your thoughts? I haven't really looked into AK's because of how expensive the ammo is.
SOLD Proof pic: https://imgur.com/a/7o0RnbA Would prefer to sell the entire tube first. $425/shipped for the tube of 20. Shipping is included in that price and will be in the flat rate box. Insurance is extra if you want it. I accept PP, Venmo, bitcoin or trades for PM.
245h in my first wipe and I thought I give you a little resume about my thoughts and experiences from a noobs perspective in this game since I just hit $100 mil. stash worth.
First things first: yes, Im a rat. And a proud one that is. Not, because Im afraid of PVP or have gear fear - of course at first - but no. Im quite experienced with that. But it just doesnt make me happy in Tarkov. I played CS for almost 20 years and have over 4000h in Pubg, but the PVP in Tarkov is different. And mostly its things like "$1 mil. loadout but I can still as easily get you with my pp-19 leg meta hiding in a bush", its cheaters, its server instabilities that cost me SO much money, when I had actual loadouts with me, its bugged extracts.....theres so much that ruins true satisfying PVP for me so I became a rat very fast. In the beginning (first 100h or so?) I only did one thing (since I didnt know what to do, how to play, how this game works and I watched a lot of Sequisha beforehand): marked runs. I rather fast accumulated around $30 mil, because I didnt go out with actual gear because of gear fear and the movement and PVP is, tbh, rather clunky. It takes some time to get in there. But around then I actually killed someone who had a headset and I looted him outside dorms and heard someone coming from SO FAR AWAY and something in me clicked and I understood how important the little details are. I killed both and extracted with so much shit, I was so pumped. And I was in. From that point on I took actual gear with me and since then survived every marked run (where before I only like....2/3/5 out of 10 runs or so because of scavs I couldnt kill with my hatchet, Reshala or other PMCs) and bumped my extraction rate from ~5% to 15%. I had a LOT to catch up on tho. I had done hundreds of runs. Well....then my gameplay was followed by a time of geared runs and doing missions. Went from level 15 to 40 in like....2 weeks or so (~80h). Snacked the thicc cases from the missions and made a lot of money PVPing and looting. But then....server troubles, cheaters, a lot of disappointing experiences, and I just noticed how sad and mad it would make me if I go in with actual gear and lost it to some stupid shit. I cant remember how many times I sat at RUAF and it wouldnt let me out or get killed by extract campers or or or....excuses maybe, yes. But then also the "tagged and cursed" mechanic was introduced and (as I already expressed here) I was immediately a big fan. Its so much fun. They changed some things I think....it doesnt feel anymore like it did before but its still fun. And as I found out how to play this, my runs got so much more fun. And looting brings you so much more money in this game than PVPing. I had several, many many runs worth $1 mil. only in safe loot and keys. I really enjoying it like this. And to quote Pestily here: Who thinks stash value, your level or your gear or whatever is important in this game is stupid. This game is not competitive. This game is only about one thing and one thing only: YOUR FUN. And nobody can tell you how to play this game or how it is supposed to be played. This game is supposed to be played that it gives you fun. Nothing else. I liked this statement. And yes, my fun in this game was not playing the market, not PVPing, not doing questing, it was getting the moneyz in. And so i quickly increased my stash worth from like ~35 mil to 100 mil in just 2 weeks or so (btw my Hideout is maxed out, I have 35 GPUS in my Bitcoin farm, I have cases and weapons in my stash, Im not JUST a money rat collecting for the numbers). Its crazy how easy it is to make money looting the right things. Not even playing the flea. So.....yeah. I dont know.....it felt good but Im not sure if I will continue playing every following wipe until the full release. Because I dont want to get numbed liked so many others. I want the game to still bring me joy. So I might stop playing it that much from now on, play every time new content comes or big new patches and wait for the full story release I think. Because on the journey I met so many people telling me they got bored so they started stupid shit just to make it entertaining for them again...I dont want to get there just now. Quick map summary: Factory: yikes. I dont know why everyone loves this map. Basically no loot, only PVP but not even geared, or so geared you have no chance, extract camper galore....not a fan honestly. Maybe I just still havend found the Shoreline: yes, I like but dont play that often on my own. I find it quite resort focused and not much going on in the rest of the map. Also it needs a boss for sure. Interchange: I hate. Doing the 3M mission was just the worst experience in this game so far. I play on a graphics calibrated monitor and I cant see shit on that map inside, even when its light outside. So I have to use Nvidia Filters to see anything inside and still get clapped by the fucking chaddest players in this game. Its just not fun for me. And I probably make even more money on Customs than the average player here. Labs: Not played at all. For obvious reasons at the moment. I havent learnt it yet, quests dont bring you there, and I couldnt even learn it from watching streamers play it. Very confusing map to me. Maybe later. Woods: Hahahahaha. Hahaha. Ha. Hahahaha. I dont have to say anything right? Reserve: Havent played at all. Quests didnt bring me there. I didnt know it was so new. I dont like the setting. I dont like the extract restrictions. I havent found a red rebel yet (sure I know I could just buy it but wheres the fun in that), I dont like the dripping sweat in this map and also Im scared of raiders. Customs: Bae <3 Thanks for listening. Cheers https://preview.redd.it/pb8o9mzbuvl41.png?width=1920&format=png&auto=webp&s=c71f77b170d7a0ec8968eab7f12011b2a1b57a01
Proof photo Like the title says, full box of pennies up for sale 50 rolls 2020 P. I have only opened the top otherwise have not touched these. Price is $75 and then please add $15 for shipping in a flat rate priority with tracking. I pack well. This price seams very fair based on recent Ebay sales. Payment in CashApp, PPFF, PP +4% or BTC (I'll give a 5% discount paid in Bitcoin). I will gladly ship first to anyone with a large amount of rep.
Hello numismatists, both new and old! This sub is for buying, selling and trading your coins, bills, and numisma-related items, graded and ungraded. If you are new here, please familiarize yourself with the information below before posting. GENERAL RULES:
CAVEAT EMPTOR! CAVEAT VENDITOR! – We are a community based on usernames and not much else. The mods offer no protection against fraud or ineptitude so please do your own due diligence before buying or selling.
This sub is intended for private individuals selling directly to other private individuals.
Title all posts with the following tags: [WTS] = Want to Sell; [WTT] = Want to Trade; [WTB] = Want to Buy
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The number to the right of the username is the number of transactions that have been completed and verified by the seller here. It is a gauge only and no guarantee is implied by that number. Any attempts to abuse the user flair system will result in an immediate ban. Please see below for more information on the user flair system.
Every WTS or WTT listing must include at least one photo showing all the actual items being offered for sale or trade AND a handwritten note displaying your user name and today’s date. You can include more than one verification photo if you are offering many different items. (Update 1/11/2020: For an example of how a verification photo might look, please see my stickied comment below.)
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Please note that while you may accept cryptocurrencies like Bitcoin for payment, this is NOT a place to buy, sell, or trade virtual or in-game currencies. This sub is for physical coins, bills and the like.
FRIENDLY GUIDELINES FOR WTBs: There are no rules for WTB listings per se, but oftentimes, sellers may be pulling items out that they weren’t planning on selling right away and are doing extra work for your WTB ad only, so please be courteous to them by giving them a clear idea of what you want. The more information you can provide, the better. Some things you may want to add to a WTB:
What you want to buy (e.g. "1932 Washington Quarter")
Any information about the condition you are looking for (e.g. "PCGS MS-64 or better")
Your budget (e.g. "Looking to spend up to $200")
How you intend to pay (e.g. "Can pay PPFF or money order")
Please do not use WTBs as a “price check” or to gauge what’s available. Sellers assume when you post a WTB that you are serious about actually buying the items. WHY DID MY POST GET REMOVED? 95% of removed posts are removed for one of the following reasons:
Your items are not properly verified. This is the most common removal reason. Make sure all items are shown, the date is correct, etc. A good verification photo looks something like this.
You didn't wait 48 hours between posts of a similar type. 2 days ≠ 48 hours necessarily. You can theoretically post on a Sunday and the subsequent Tuesday with the posts only 26 hours apart.
You have a new account and posts from new accounts sometimes need to be approved manually. Your patience is appreciated.
USER FLAIR SYSTEM: User flair is based on a point system issued by a bot. Only the author of the listing in which the transaction is made is allowed to trigger the bot. The trigger phrase for the bot is: Trade verified! Should the bot not get triggered within 24 hours of your “Trade verified!” comment, please follow these steps:
Delete the “Trade verified!” comment.
Refresh the page, or reopen the post page (by clicking elsewhere and coming back to your post).
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If the bot still does not update flair within 24 hours, please message the mods or notify bazzytangokoko directly, and provide the link of the transaction/post in question.
ABBREVIATIONS YOU MAY SEE HERE: PP – PayPal PPFF – PayPal Friends & Family PPGS – PayPal Goods & Services GW/GP – Google Wallet/Google Pay BTC - Bitcoin USPS – United States Postal Service SFRB – Small Flat Rate Box (Priority Mail) ASW/AGW – Actual Silver Weight/Actual Gold Weight TPG – Third Party Grading (PCGS, NGC, ANACS, etc.) OTHER ITEMS TO NOTE:
If you have any questions, please feel free to contact the mod team at any time.
If you’d like to find interesting and potentially valuable coins for face value, please consider visiting our friends in /CRH, the coin roll hunting sub.
If you’re interested in trading precious metals in coin form as well as other forms besides coins, try /pmsforsale.
While you are welcome to post paper money and related items for sale here, you can also list them at /Notes4Sale.
If you are interested in philately (stamp collecting), one of our moderators also runs /Stamps4Sale, and we invite you to go take a look and participate there too.
WSB101 - THE BOOK OF YOLO: BEGINNERS GUIDE TO TRADING LIKE A DEGENERATE AND EVERYTHING WSB
The Book of Yolo: COMPLETE GUIDE TO WSB The goal of this is to actually create something that all of you WSB newbies can read - because we’re all tired of seeing the endless wave of uninformed and unavoidable stupidity from those who have never touched the stock market. CALLING ALL NEWFAGS AND NORMIES. If you can’t read, GFY now. Now that we will be on the popular section of reddit, this has become pertinent. WSB can't avoid newcomers, so we might as well explain how the clock ticks here. This one is for you all. This is to serve as a reference what values we hold, what instruments we use, and as a general place to educated the uneducated. First off, this is the LEAST helpful stock market-based community for newcomers. Sarcastic answers are the only thing of true value here. It isn't a place to learn, but a place to plan out where you will dock your yacht. Newcomers are usually berated upon asking the inevitable stupid questions that they could learn slowly from reading here, or just using a damn search engine. Instead of embarrassing yourself here, you now have the opportunity to read this and get what we’re all rambling about. This will help you understand what to expect if you make the decision to undertake a WSB style trading career, so you can stay here and contribute to the yolo lifestyle or otherwise GFY. I will edit in any suggestions that our frequenting users or mods want to add to this as well. To begin: Here are our topics for WSB101 -Basics (Equities/Stocks) ; -ETF's ; -Options ; -Futures Trading ; -SubCulture ; BASICS/EQUTIES Skip if you understand basic stock stuff Okay, so what is an equity/stock? An equity is essentially what you’d think of as your “vanilla” trading tool. They move up or down depending on market forces, and can range from pennies to thousands of dollars per share. To explain how stocks work, let's define a few terms. Volume: The number of shares of stock traded during a particular time period, normally measured in average daily trading volume. Spread: The difference between the bid and the ask price Bid Price: The current price in which someone wants to buy at Ask Price:The current price in which someone wants to sell at Volatility: The WSB favorite. Volatility is referring to the price movements of a stock as a whole. The higher the volatility, the more the stock is moving up or down. Highly volatile stocks are ones with extreme daily up and down movements and wide intraday trading ranges. Margin: A margin account lets a person borrow money (take out a loan essentially) from a broker to purchase an investment. The difference between the amount of the loan, and the price of the securities, is called the margin. Margin is one of WSB’s popular instruments of wealth and destruction. Dividend: This is a portion of a company’s earnings that is paid to shareholders, or people that own hat company’s stock, on a quarterly or annual basis. Not all companies do this. PPS: Acronym for “Price per Share” Moving Average: A stock’s average price-per-share during a specific period of time. Bullish: Expecting the stock to go up Bearish: Expecting the stock to go down Any raised hands can redirect themselves to here: http://www.investopedia.com/articles/investing/082614/how-stock-market-works.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186 Now that these terms are defined, let's move into the details of why this is even useful. Most people know what a stock is, but how and why stocks move is a different story. The stock market is essentially a big virtualization of supply and demand - meaning that usually high positive volume creates upwards movement in the PPS, where high negative volume does the opposite. This creates a trader’s opportunity; Generally, the most effective time to buy or sell is where the candlesticks (volume data) are thinning out. When you are ready to take an entry point or execute an exit point, waiting till the volatility (candlesticks) thin out is one method to give you best trade possible. WSB FAVORITE EQUITIES: Of many equities, WSB favors the riskier ones - but avoiding penny stocks is a policy. AMD - CEO Lisa Su, Next Gen Processors, chips, graphics. It’s the gamers gambit. Up roughly 1400% as of 2/7/2017 since WSB first mentioned it NVDA - AMD’s sister? Mother? Daddy? Who knows. NVDA has been a sexy semiconductor leader. Is up 400% since gaining traction on WSB. FNMA / pfds - Mnunchin, Trump, Big fat fannies. Get your self deep in the fannie. We all want it. WSB 10 bagger candidate for reforming the housing market. WSB holds a large cumulative position that can be seen below. Also a good read is the beginners guide to FNMA. Any post by u/NOVACPA is very often VERY informative on FMNA/pfds. https://www.reddit.com/wallstreetbets/comments/5oissp/results_wsb_fnmafmcc_holdings https://www.reddit.com/wallstreetbets/comments/5t7gba/beginngers_guide_to_fnma_fmcc_read_this_before/ ARRY - A biotech champion that prevailed after a lot of failures and huge losses in the biotech sector. Dark times for WSB. Up ~300% since getting traction on the subreddit. TWTR - WSB likes to buy put option contracts on her. Exemplary of a social media platform that is unable to monetize itself. TSLA - Maybe not unanimously a favorite, but loved for it’s sexy volatility, Elon Musk, and ridiculously expensive options. GILD - A Shkreli pump and dump? The greatest large cap pharma recovery of all time? Who knows. Martin took the time to make a post on this reddit and it is up $5 dollars since. ETF'S Welcome to the world of investing made easy. Exchange traded funds (etfs) are devices that can be traded like stocks, but often track the value of many companies by investing in their listed assets accordingly. Specifically, An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold. ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors. ETF’s come in beautiful and delicious varieties, often with a BEAR form and a BULL form of each; but the most delicious to WSB are the 3x etf’s. A 3x ETF is one in which the underlying movement of the ETF is leveraged 3:1. Meaning for every movement within the underlying index or stocks, the 3x ETF moves well.... 3x as much.. WSB FAVORITE AND USEFUL ETF’S: JNUG - 3x Gold Miner Bull - A hit or miss, has extreme intraday movements and essentially tracks GDX (gold miner’s index). Jnug will usually move with a pretty strong correlation to gold, which is affected by the mentioning of rate hikes (negatively), movement of the US dollar (inversely), uncertainty (positively), and supply and demand. NUGT - Jnug with a different price tag JDST - The inverse 3x etf of JNUG - or the bear etf. It does almost exactly the opposite movements of JNUG by the tick. Moves for the same reasons, but obviously opposite directions. DUST - Jdst with a different price tag. UGAZ - Natural Gas 3x Bull ETF - essentially tracks the price value of the commodity Natural Gas, but more specifically the S&P GSCI Natural Gas Index ER. The index comprises futures contracts on a single commodity and is calculated according to the methodology of the S&P GSCI Index. Natural gas is most affected by Weather temperature conditions (use your brain), petroleum prices, and broader economic conditions. DGAZ - Inverse of UGAZ UWT - Crude Oil Bull 3x ETF - extreme intraday movements, closely follows the price of oil. More specifically, it tracks futures. UWT seeks to replicate, net of expenses, three times of the S&P GSCI® Crude Oil Index ER. The index tracks a hypothetical position in the nearest-to-expiration NYMEX light sweet crude oil futures contract, which is rolled each month into the futures contract expiring in the next month. The value of the index fluctuates with changes in the price of the relevant NYMEX light sweet crude oil futures contracts. DWT - Inverse of UWT FAS - Financial Bull, specifically FAS seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000 ® Financial Services Index. The fund creates long positions by investing at least 80% of its assets in the securities that comprise the Russell 1000 ® Financial Services Index and/or financial instruments that provide leveraged and unleveraged exposure to the index. Can be used when bullish on US financial services - so banks, lenders, etc. FAZ - Inverse of FAS UPRO - S&P500 Bull 3x ETF, essentially tracks the S&P500 and multiplies it’s returns by 3x. BRZU - Tracks Brazil (in its most basic form). It creates long positions in the MSCI Brazil 25/50 Index. LABU - Tracks the Biotech sector, or specifically 300% of the performance of the S&P Biotechnology Select Industry Index ("index"). It should be noted that LABU has doubled since just before the election of Donald Trump. LABD - Inverse of LABU RUSL - roughly creates 300% of the performance of the MVIS Russia Index. RUSS - Inverse of RUSL SPY - Tracks the S&P500, but is not 3x. OPTIONS: Alright, so half you are going to understand this, and half of you are not. Pull up an options chain now on any stock (penny stocks and specific stocks do not have chains because of their market cap). Options are truly the ultimate way to achieve maximum risk/reward. An option is a contract that gives the buyer the right to buy or sell 100 shares of a stock at a certain price, on a certain date. This concept makes options a commodity themselves. KEY TERMS: A CALL - is the right to buy. Buying calls is taking a bullish position in its most extreme form. A PUT - is the right to sell. The underlying - is the stock that the option is covering i.e. AAPL, GOOG, AMZN Strike Price - the price at which a put or call option can be exercised. ITM, In the money - In the money means that a call option's strike price is below the market price of the underlying asset or that the strike price of a put option is above the market price of the underlying asset. Being in the money does not mean you will profit, it just means the option is worth exercising. OTM, Out of the money - a call option with a strike price that is higher than the market price of the underlying asset, or a put option with a strike price that is lower than the market price of the underlying asset. ATM - At the money - Strike price at the same price as the underlying Expiration - Expiries for options are every friday of every week usually, with exceptions such as every month, or every other day - depending on the underlying. SPY and SPX are great examples of very active option chains with expiries every other day. On the expiry date or any time before (with american options), an option can be, but doesn’t have to be exercised, meaning the holder of the option can use it to buy or sell shares of the underlying stock at the strike price. Most people on WSB do not exercise the contracts, but merely flip them for increases in value as the underlying moves. For example, when AAPL was at 120 before its earnings report, Joe Shmoe Yolo buys 10 FEB 17th CALLS at strike 127 for .60 , each. Now .60 cents is really 60 dollars each, because the contract is multiplied by 100 (the right to 100 shares). In total, Joe Shmoe Yolo spends $600 dollars + commision on this trade. The next day, AAPL leaps to 130 upon great news. These same option contracts are now worth 3.50 each. $350 dollars per contract, times ten contracts is $3500 dollars. Joe Shmoe Yolo just turned $600 into $3500 dollars. MAGIC. Spoiler alert: Joe Shmoe Yolo was me. That same Joe Shmoe later buys FEB 17th XOM calls at 90, hoping for similar results. However, XOM ends up never reaching anywhere close to the strike price, and the options expire worthless. Get it? Now what determines the pricing of options? OPTION PRICING: Below is sourced from investopedia Intrinsic Value: The intrinsic value is the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may not be the same as the current market value. Additionally, intrinsic value is primarily used in options pricing to indicate the amount an option is in the money. Time Value: Time Value = Option Price - Intrinsic Value. The more time an option has until it expires, the greater the chance it will end up in the money. The time component of an option decays exponentially. The actual derivation of the time value of an option is a fairly complex equation. As a general rule, an option will lose one-third of its value during the first half of its life and two-thirds during the second half of its life. This is an important concept for securities investors because the closer you get to expiration, the more of a move in the underlying security is needed to impact the price of the option. Time value is basically the risk premium that the option seller requires to provide the option buyer the right to buy/sell the stock up to the date the option expires. It is like an insurance premium of the option; the higher the risk, the higher the cost to buy the option. Makes sense, right? Time value is determined by the expiration date. An expiration date in derivatives is the last day that an options contract is valid. When investors buy options, the contracts gives them the right but not the obligation, to buy or sell the assets at a predetermined price, called a strike price, within a given time period, which is on or before the expiration date. If an investor chooses not to exercise that right, the option expires and becomes worthless, and the investor loses the money paid to buy it. Volatility: In an options pricing, you see IV. This stands for implied volatility. The higher that is, the higher the options will be priced Volatility is the extent to which the return of the underlying asset will fluctuate between now and the option's expiration. Volatility, as expressed as a percentage coefficient within option-pricing formulas, arises from daily trading activities. How volatility is measured will affect the value of the coefficient used. Decaying Nature of Options: Decay refers to derivative trading (i.e. options). When you sell or buy a call/put (using those two for simplicity purposes) you don't get an infinite time frame to make your dreams come true. Time is your enemy; the further out the expiration date, the less time decay there is. Time decay really hits the worst the week of expiration. Sound confusing? Say you're buying options of the stock WSB (I hope you're seeing what I did there) - and the option costs $1, the expiration is this Friday. Say today is Monday. You buy a call expecting WSB to take you to the moon and beyond. Each day the stock doesn't move closer to your strike price or remains stagnant/drops, you lose value on your option + the time decay. Meaning if it finishes closer to your strike price, your option could be worthless because of that time decay. Questions? Ask away. A great example of these factors in action is TSLA. TSLA’s options are among the most expensive for companies in its price range, why? An in the money TSLA call expiring this week is worth around $1100 per contract. Insanely expensive. But for a reason. TSLA has extreme intraday movements and calls have an implied volatility of 40.92%. Which is fairly high. In addition to that, it holds high intrinsic value / price per share, and a week of time value. -Futures 101 - The Ultimate YOLO Guide (thanks to u/IncendiaryGames) Okay, a lot of you have been YOLOing on faggot delights on SPY options. How would you like to trade something with the same or more leverage, 1.0 delta, and no time premium costs? Have you considered futures? What are futures? Unlike options, futures is a contract where both the buyer and seller is obligated to perform the transaction by the expiration. Conversely, in options, only the seller is obligated to perform. That means you can lose more than your investment. Originally they were used by farmers to sell future crops early and guarantee some amount of sales. Since then futures have expanded not just to commodities but currency and equity indices like the S&P 500. Why the heck would I want to trade futures? Here are the advantages: Leverage $5k is the margin requirement for most contracts. For example with the E-mini S&P 500 with 5k you're trading $120k worth of stuff. 1 contract = 500 spy shares. Some brokers offer intraday daytrading margin rates too - TD Ameritrade is 25% of the overnight margin rate($1,250.) Some brokers go as low as $500 an /ES future. SPAN Margin If 24x overnight leverage and 240x day trade leverage didn't give you a hard on there is also SPAN margin, which is like portfolio margin on steroids. The beauty of SPAN margin is you don't need a $125k+ account to be eligible. SPAN will greatly reduce your margin requirements if you hold uncorrelated or inversely correlated positions (up to an 80% discount, here is a list of groups that give discounts) and if you hedge with options. Hedge with the right option or asset and now you have up to 500x day trading margin. 23/7 and day trading Ever get in and out of an equity only to have your broker yell at you to stop doing that or deposit $25k? There is no pattern day trading restrictions on futures. Feel free to day trade and blow up your account as often as you want! You can also trade 23 hours a day. Get trading on how the S&P 500 index will react to news from China right away. Taxes No matter how long or how short you hold you always get taxed under the 60/40 rule. 60% of your profit from futures will be taxed as a long term gain and 40% will be taxed as short term gain. No wash sales. Trade your hearts out. Just remember holding past Dec 31st will treat you as if you closed all your positions that day and you'll be taxed on unrealized gains. Long/Short No need to pay interest or borrow shares as being short a future contract is being a writer, just like an options writer. Options Of course there are options. What fun would it be without options? Unlike stock options each contract gives different number of future contracts. Research what you're trading. Ok. I'm convinced. I want to strat trading futures! What are some good strategies? YOLO Strategies Swing trading Trying to guess/predict/ride sudden market momentum. A low volume average day in the S&P 500 (/ES) for one contract can swing +- $500. Get it right and you can see a huge appreciation of value. /ES is usually highly liquid during regular hours with average volume of 1 million trades and usually bid-ask spreads of one tick. One approach is to buy or short in your direction and put in a stop loss to an amount you're comfortable to lose (say $200.) Since it's so liquid you'll likely be filled at or near your stop loss during the day if your trade goes against you. If you can guess the direction 50% of the time and have trades like this: trade 1 - gain $800 trade 2 - lose $200 Then you may profit over the time period. If you have a 50% chance of being wrong and losing $200 or 50% chance of being right and gaining $800 then over time you'll gain more than you lose. Also, since the present value of your futures contract is included in your margin calculation then if it goes strongly in your favor your position can quickly grow to cover its own margin and you can let it ride for a while. You'll want to be sure you enter a combo buy/short order along with a stop loss order simultaneously, like this for Thinkorswim. Futures can move suddenly and a sudden movement can make you lose a ton of money. Exploiting outdated SPAN margin guidelines There are several out of date correlations between popular futures like oil and say things like wheat that SPAN gives you margin credits on. Take whatever position you want in oil (/cl) then take the opposite in something that doesn't move much day to day with less volatility such as /w (wheat)) and your /cl and /w positions will get a 75% credit, giving you 50% more buying power on crude oil. (2 positions * .25 = 0.5). Trade your heart out on the more volatile future then when you're done close your safer future pair. SPAN is constantly changing but such a complex system definitely has its exploits. Automated/algorithmic trading For you programmer geeks out there it's really hard to algorithmic trade on small accounts due to pattern day trading rules and economies of scale with broker fees. Futures is probably the best way to get your feet wet. Join us on /algotrading if you want to explore more! Boring safer strategies I'm including these for completeness but these belong on /investing. Scalping With high frequency trading scalping is less guaranteed. Basically scalping is using tiny momentum as usually there are small micro patterns in futures buying and selling activity where it will rise or fall a couple of ticks. Since the notional value of each tick is $12.5 it's profitable for retail investors and small accounts to act as a market maker after fees at the smallest bid-ask spread possible. Spreads Just like you can trade spreads in options, you can trade calendar spreads in futures. Futures have contracts with different expiration dates and the prices are different for each month of expiration based on the market's expectations. You can go long or short the near month expiration and the opposite for the far month. This will hedge out any sudden market moves as that would likely affect both months. Bull markets in general tend to increase the price of the near month faster than the far month. Basically with a spread trade you're making a long term bet on bull or bear for the underlying future. Pairs trading You can go long in one future say the dow jones (/ym) and short the S&P 500 index and profit off the relative growth. This is a hedged trade as any market ups or downs will likely affect both positions with the same % value. For the past 180 days /ym - /es has been really profitable. Even if you don't do a full perfect pairs trade it is still a great option to reduce the leverage too on whatever index future you're trading so you can stay in longer or overnight. Interest rate and optimal leverage plays Since the $5k investment is equal to $120k of the S&P 500 index currently then you'll likely beat out the market by buying one future contract and putting $115k in safe treasuries or bonds or uncorrelated assets. Some people choose to leverage their stock portfolio and you can get the exact leverage ratio of liquid investments to future ratios. In probability theory the max leverage you can gain is determined by the Kelly Criterion which modeling shows indicates the S&P 500 index to be leveraged to 1.40x. Yes, you could do the same with options but even on SPY deep in the money call leaps are illiquid and have a time premium. Even today they are so deep ITM that the options you would need to use have 0 open interest and a bid-ask spread of $5 per share (so $500 per contract.) You'd need ~5 contracts per 120k so you're already eating $2.5k/$120k - 2% interest rate a year for that leverage. SPX isn't better, it's bid ask is 22 so you'd be eating $2.2k/$120k - 1.83% interest rate. It's doubtful you won't get much past the ask as its only market makers providing liquidity and guess what the market maker will do if you buy/sell the option? They will hedge with the underlying futures until their minimum profit is the risk free interest rate. Hedging Going long and short in various non correlated or negatively correlated assets to seek out a high sharpe ratio and have a higher risk free return that is market neutral. Basic hedge fund stuff. The variety and price efficiency of futures makes things pretty attractive in this area. SUBCULTURE Wallstreetbets is a community that has become infamous for the most wild west, moon or cardboard box trades on the planet earth. WSB is a place where you can take out thousand dollar loans, refinance your homes, cash advance all of your credit cards only to put it all on JNUG, and we will still love you. Your mother won't. Your father will never understand your spectrum of autism, but we will always love you. It is a uniquely beautiful community focused on praising its biggest losers as much as its biggest winners. To begin on the subculture, we should define some key moments in the sub's history. HISTORY: (As made by u/digadiga) + my additions 2012: Jartek [+1] creates /wallstreetbets, and word slowly starts to ooze out. 2013: americanpegasus discovers pennies. AP has seen the light, and is a penny stock evangelist. Jartek & AP have an epic options vs pennies battle - they both lose a couple of hundred bucks, but we are entertained, and WSB is officially born. AP blows up his retirement, swears off pennies and moves onto bitcoins. 2014: fscomeau [+3] discovers options. He repeatedly bets five figures on AAPL calls before earnings. FS claims a supernatural clairvoyance of AAPL. FS then posts about his chest pains and ER visits. He finally suffers an epic loss. Is he dead? Is he alive? Is he is mother? Is he banned? Who cares? 2015: Photos from the 3rd annual meetup are posted. Where a bunch of dudes hang out on the romantic beaches of Guerrero Mexico. In a completely unrelated event, the wsb banner is changed to thousands of ejaculating dicks. Modpocalypse occurs. Hundreds of random users are added as moderators for a few months. None of the new mods can change the CSS. The constant whining about how "wsb isn't what it used to be" continues. Someone attempts to show how selling covered calls is idiot proof, but gets lazy, bets all six figures on Apple, and suffers significant losses. Robinhood gets popular. Should you buy one share of AMZN or one share of GOOGL? Who gives a fuck. 2016: Everyone starts saying "go fuck yourself." Except me. Because I am what I am. And if you don't like it, you can all go fuck yourselves. u/World_Chaos performs one of the more impressive yolo's of the sub, starting with 900 dollars, and turning it into 55k. https://www.reddit.com/wallstreetbets/comments/414blh/yofuckinglo_900_to_55k_in_12_days/?ref=share&ref_source=link 2017: u/fscomeau preforms what he calls "The Final Yolo", a 300k trade against AAPL before earnings (that I, u/thor303456 inversed), supposedly supposed to net fscomeau 2.5 million or so, in which he will finally stop trading. FSC is featured on several market related articles and newspapers, showing up on yahoo, etc. Later we find proof during his livestream of AAPL earnings that he was paper trading. Even later, FSC writes a near 200 page book called "Wolfie Has Fallen" describing how he trolled the entire internet, some following him into that AAPL trade. Martin Shkreli visits the sub and proclaims that GILD pharma is worth over $100 a share and is deeply undervalued. KEY FIGURES: Donald J Trump - He is the Marmalade Manchurian, the Tangerine Tycoon, and our spray tan Stalin. Unbelievable night of election. WSB demographics show a primarily capitalist and right wing (or at least joking to be so) point of view, and thus we are generally pro trump. In actuality though, WSB is focused on pro-market, which Trump happens to be. u/Jartek - Founder of the sub, original yoloer. Believe he has retired from reddit for the most part. Mostly inactive. u/Fscomeau - The Canadian as some call him, and perhaps one of the most profound internet trolls of 2016-2017. A French-Canadian trader who deals with mostly options. The man has been called "The Great Inverse", and for a good reason. Nearly all of the trades or statements he made on WSB were completely wrong or mostly wrong. Truly the strongest technical indicator. Martin Shkreli - An idol to many WSBers, Martin stands as the master of the biotech sector. A very debated character for very stupid reasons. Martin regularly tweets about the stock market, occasionally does a youtube channel, and livestreams fairly regularly. u/theycallme1 - Educated trader, and mod of WSB. Roasts people often and roasts them good. Ask him the questions that aren't stupid. One of the most active mods. u/world_chaos - some fucking college student with some real net worth. Sits on 100k or so (needs verification), and was an inspiring yoloer to all, with his 900 to 55k yolo with options. Lingo, Terminology, and Nomenclature: The Faggots Delights - Truly the most suicidal, yet clearest shot to the moon. This term is usually used to define either weekly, or daily option plays on the SPY/SPX. Some users trade them very profitably, such as u/MRPguy and many in the past. Cuck - Truly the worst thing you could be. A cuck is a man who likes watching his wife/girlfriend fuck other guys. Weak, spineless, and a term often throw around here. The YOLO - You only live once. This is something that is, and should be realized as undeniably true. Why are you sitting on a 5k emergency fund that is making you less interest in a year than what I just made in 10 minutes? Why haven't you used all of the credit on your 5 credit cards or used your testicles as collateral for a loan yet? YOLO or YOLOING is as much a psychological decision to embrace absurdism, and win with everything you have while risking it all. Yolo is what it means to be a WSB trader. Bagholding or a Bagholder - When you're stuck with the most ass trade of your life, because you know it'll go back up. A bagholder is the 59 year old guy at the grocery store who won't quit his Job because he knows he only has to wait another year until he gets a return on his investment (of his life). Anyone holding SUNEQ is the definition of a bagholder. Autists - Something we embrace, something we call each other, something we all are. Autism isn't used in an offensive way as much as it is a generally accepted term that defines us. The best traders have autism because of their distance from emotion. I bet you never made it to this part of the reading because you're such a damn autist. Tendies - Tendies are what you get after you make a small amount of money. "I SOLD AMD TODAY FOR A $13 DOLLAR PROFIT, GOING TO MCD's TO GET MY TENDIES". Tendie money is usually shameful and insignificant, but at least it got you tendies. Chicken tenders at McDonalds are the least expensive for the most cholesterol. I know some of the writing was half ass, full of errors, or otherwise not the best explanation. But I believe this will serve its purpose, and maybe help to promote new ideas from moderately educated traders. WSB has very strong traders, and the most uniquely risky trading styles on the planet. Hopefully this can serve to better the overall community. You guys are all faggots, upvote this so we can get the noobs to stop trying to bite on our cocks. Also I'd really appreciate input on anything to add to this overall. It took my over 3 hours to write up, so I eventually grew tired and probably have missing spots. Enjoy your time here at WSB. EDIT: Added a shit ton of stuff, fixed errors. THANKS FOR ALL OF YOUR INPUT, ACTUALLY MAKING WSB GREAT AGAIN MODS: Can we make this editable by others mods or something? My fingers aren't enough. Seems like this could serve as a good "official" thing. Paging u/theycallme1u/CHAINSAW_VASECTOMY etc
Bitcoin Mining Profitability: How Long Does it Take to Mine One Bitcoin in 2019?
When it comes to Bitcoin (BTC) mining, the major questions on people’s minds are “how profitable is Bitcoin mining” and “how long would it take to mine one Bitcoin?” To answer these questions, we need to take an in-depth look at the current state of the Bitcoin mining industry — and how it has changed — over the last several years. Bitcoin mining is, essentially, the process of participating in Bitcoin’s underlying security mechanism — known as proof-of-work — to help secure the Bitcoin blockchain. In return, participants receive compensation in bitcoins (BTC). When you participate in Bitcoin mining, you are essentially searching for blocks by crunching complex cryptographic challenges using your mining hardware. Once a block is discovered, new transactions are recorded and verified within the block and the block discoverer receives the block rewards — currently set at 12.5 BTC — as well as the transactions fees for the transactions included within the block. Once the maximum supply of 21 million Bitcoins has been mined, no further Bitcoins will ever come into existence. This property makes Bitcoin deflationary, something which many argue will inevitably increase the value of each Bitcoin unit as it becomes more scarce due to increased global adoption. The limited supply of Bitcoin is also one of the reasons why Bitcoin mining has become so popular. In previous years, Bitcoin mining proved to be a lucrative investment option — netting miners with several fold returns on their investment with relatively little effort. bitcoin mining hardware Mining Hardware The mining hardware you choose will mostly depend on your circumstances — in terms of budget, location and electricity costs. Since the amount of hashing power you can dedicate to the mining process is directly correlated with how much Bitcoin you will mine per day, it is wise to ensure your hardware is still competitive in 2019. Bitcoin uses SHA256 as its mining algorithm. Because of this, only hardware compatible with this algorithm can be used to mine Bitcoin. Although it is technically possible to mine Bitcoin on your current computer hardware — using your CPU or GPU — this will almost certainly not generate a positive return on your investment and you may end up damaging your device. The most cost-effective way to mine Bitcoin in 2019 is using application-specific integrated circuit (ASIC) mining hardware. These are specially-designed machines that offer much higher performance per watt than typical computers and have been an absolutely essential purchase for anybody looking to get into Bitcoin mining since the first Avalon ASICs were shipped in 2013. When it comes to selecting Bitcoin mining hardware, there are several main parameters to consider — though the importance of each of these may vary based on personal circumstances and budget. Performance per Watt When it comes to Bitcoin mining, performance per watt is a measure of how many gigahashes per watt a machine is capable of and is, hence, a simple measure of its efficiency. Since electricity costs are likely to be one of the largest expenses when mining Bitcoin, it is usually a good idea to ensure that you are getting good performance per watt out of your hardware. Ideally, your mining hardware would be highly efficient, allowing it to mine Bitcoin with lower energy requirements — though this will need to be balanced with acquisition costs, as often the most efficient hardware is also the most expensive. This means it may take longer to see a return on investment. In countries with cheap electricity, performance per watt is often less of a concern than acquisition costs and price-performance ratio. In most countries, operating outdated mining hardware is typically cost prohibitive, as energy costs outweigh the income generated by the mining equipment. However, this may not be the case for those operating in countries with extremely cheap electricity — such as Kuwait and Venezuela — as even older equipment can still be profitable. Similarly, miners with a free energy surplus, such as from wind or solar electric generators, can benefit from the minimal gains offered by still running outdated hardware. Longevity The lifetime of mining hardware also plays a critical role in determining how profitable your mining venture will be. It’s always a good idea to do whatever possible to ensure it runs as smoothly as possible. Since mining equipment tends to run at a full (or almost full) load for extended periods, they also tend to break down and fail more frequently than most electronics — which can seriously damage your profitability. Equipment failure is even more common when purchasing second-hand equipment. Since warranty claims are often challenging, it can often take a long time to receive a warranty replacement. Price-Performance Ratio In many cases, one of the major criteria used to select mining hardware is the price-performance ratio — a measure of how much performance a machine outputs per unit price. In the case of cryptocurrency mining hardware, this is commonly expressed as gigahashes per dollar or GH/$. Under ideal circumstances, the mining hardware would have a high price-performance ratio, ensuring you get a lot of bang for your buck. However, this must also be considered in combination with the acquisition costs and the expected lifetime of the machine — since the absolute most powerful machines are not always the cheapest or the most energy efficient. Acquisition Costs Acquisition costs are almost always the biggest barrier to entry for most Bitcoin miners since most top-end mining hardware costs several thousand dollars. This problem is further compounded by the fact that many hardware manufacturers offer discounts for bulk purchases, allowing those with deeper pockets to achieve a better price-performance ratio. Acquisition costs include all the costs involved in purchasing any mining equipment, including hardware costs, shipping costs, import duties, and any further costs. For example, many ASIC miners do not include a power supply — which can be another considerable expense, since the 1,000W+ power supplies usually required tend to cost several hundred dollars alone. Ensuring your equipment runs smoothly can also add in additional costs, such as cooling and maintenance expenses. In addition, some miners may want to invest in uninterruptible power supplies to ensure their hardware keeps running — even if the power fails temporarily. asic mining Current Generation Hardware One of the most recent additions to the Bitcoin mining hardware market is the Ebang Ebit E11++, which was released in October 2018. Using a 10nm fabrication process for its processors, the Ebit E11++ is able to achieve one of the highest hash rates on the market at 44TH/s. In terms of efficiency, the Ebang Ebit E11++ is arguably the best on the market, offering 44TH/s of hash rate while drawing just 1,980W of power, offering 22.2GH/W performance. However, as of writing, the Ebang Ebit E11++ is out of stock until March 31, 2019 — while its price of $2,024 (excluding shipping) may make it prohibitively expensive for those first getting involved with Bitcoin mining. Another popular choice is the ASICminer 8 Nano, a machine released in October 2018 that offers 44TH/s for $3,900 excluding shipping. The ASICminer 8 Nano draws 2,100W of power, giving it an efficiency of almost 21GH/W — slightly lower than the Ebit E11++ while costing almost double the price. However, unlike the E11++, the 8 Nano is actually in stock and available to purchase. ASICminer also offers the 8 Nano Pro, a machine launched in mid-2018 that offers 80 TH/s of hash rate for $9,500 (excluding shipping). However, unlike the Ebit E11++ and 8 Nano, the minimum order quantity for the 8 Nano Pro is curiously set at five, meaning you will need to lay out a minimum of $47,500 in order to actually get your hands on one (or five). While the 8 Nano Pro doesn’t offer the same performance per watt as the Ebit E11+ or AICMiner 8 Nano, it is one of the quieter miners on this list, making it more suitable for a home or office environment. That being said, the ASICminer 8 Nano Pro is easily the most expensive miner per TH on this list — costing a whopping $118.75/TH, compared to the $46/TH offered by the E11++ and $88.64 offered by the 8 Nano. The latest hardware on this list is the Innosilicon T3 43T, which is currently available for pre-order at $2,279, and estimated to ship in March 2019. Offering 43TH/s of performance at 2,100W, the T3 43T comes in at an efficiency of 20.4GH/W, which is around 10 percent less energy efficient than the Ebit E11++. The T3 43T also has a minimum order quantity of three units, making the minimum acquisition cost $6837 + shipping for preorders. All in all, the T3 43T is more costly and less efficient than the E11++ but may arrive slightly earlier since Ebang will not ship the E11++ units until at least end March 29, 2019. Finally, this list would not be complete without including Bitmain’s latest offering, the Antminer S15-28TH/s, which — as its name suggests — offers 28TH/s of hash power while drawing just under 1600W at the wall. The Antminer S15 is one of the only SHA256 miners to use 7nm processors, making it somewhat smaller than some of the other devices on this list. Like most pieces of top-end Bitcoin mining hardware, the Antminer S15 27TH/s model is currently sold out, with current orders not shipping until mid-February 2019. However, the S15 is offered at a significantly lower price than many of its competitors at just $1020 (excluding shipping), with no minimum quantity restriction. At these rates, the Antminer comes in at just $37.78/TH — though its energy efficiency is a much less impressive 17.5GH/W. Mining Hardware Mining Hardware Comparison Performance (GH/W) Price Performance Ratio ($/TH) Ebang Ebit E11++ 22.2GH/W $46/TH ASICminer 8 Nano 21GH/W $88.64/TH ASICminer 8 Nano Pro 19GH/W $118.75/TH Innosilicon T3 43T 20.4GH/W $53/TH Antminer S15-28TH/s 17.5GH/W $37.78/TH How To Select a Good Mining Pool Mining pools are platforms that allow miners to pool their resources together to achieve a higher collective hash rate — which, in turn, allows the collective to mine more blocks than they would be able to achieve alone. Typically, these mining pools will distribute block rewards to contributing miners based on the proportion of the hash rate they supply. If a pool contributing a total of 20 TH/s of hash rate successfully mines the next block, a user responsible for 10 percent of this hash rate will receive 10 percent of the 12.5 BTC reward. Pools essentially allow smaller miners to compete with large private mining organizations by ensuring that the collective hash rate is high enough to successfully mine blocks on regular basis. Without operating through a mining pool, many miners would be unlikely to discover any blocks at all — due to only contributing a tiny fraction of the overall Bitcoin hash rate. While it is quite possible to be successful mining without a pool, this typically requires an extremely large mining operation and is usually not recommended — unless you have enough hash rate to mine blocks on a regular basis. Although it is technically possible to discover blocks mining solo and keep the entire 12.5 BTC reward for yourself, the odds of this actually occurring are practically zero — making pool collaboration practically the only way to compete in 2019 and beyond. Selecting the best pool for you can be a challenging job since the vast majority of pools are quite similar and offer similar features and comparable fees. Because of this, we have broken down the qualities you should be looking for in a new pool into four categories; reputation, hash rate, pool fees, and usability/features: Reputation The reputation of a pool is one of the most important factors in selecting the pool that is best for you. Well-reputed pools will tend to be much larger than newer or less well-established pools since few pools with a poor reputation can stand the test of time. Well-reputed pools also tend to be more transparent about their operation, many of which provide tools to ensure that each user is getting the correct reward based on the hash rate contributed. By using only pools with a great reputation, you also ensure your hash rate is not being used for nefarious purposes — such as powering a 51 percent attack. When comparing a list of pools that appear suitable for you, it is a wise move to read their user reviews before making your choice — ensuring you don’t end up mining at a pool that steals your hard-fought earnings. Hash Rate When it comes to mining Bitcoin, the probability of discovering the next block is directly related to the amount of hashing power you contribute to the network. Because of this, one of the major features you should be considering when selecting your pool is its total hash rate — which is often closely related to the proportion of new blocks mined by the pool Since the total hash rate of a pool is directly related to how quickly it discovers new blocks, this means the largest pools tend to discover a relative majority of blocks — leading to more regular rewards. However, the very largest pools also tend the have higher fees but often make up for this with sheer success and additional features. Sometimes, some of the largest pools have a minimum hash rate requirement ù leaving some of the smaller miners left out of the loop. Although smaller pools typically have more relaxed requirements with reduced performance thresholds, these pools may be only slightly more profitable than mining solo. Pool Fees When choosing a suitable pool, typically one of the major considerations is its fees. Typically, most pools will charge a small fee that is deducted from your earnings and is usually around 1-2 percent — but sometimes slightly lower or higher. There are also pools that offer 0 percent fees. However, these are often much smaller than the major pools and tend to make their money in a different way — such as through monthly subscriptions or donations. Ideally, you will choose the pool that offers the best balance of fees to other features. Usually, the pool with the absolute lowest fees is not the best choice. Additionally, pools with the lowest fees often have the highest withdrawal minimums — making pool hopping uneconomical for most. Usability and Features When first starting out with Bitcoin mining, learning how to set up a pool and navigating through the settings can be a challenge. Because of this, several pools target their services to newer users by offering a simple to navigate user interface and providing detailed learning resources and prompt customer support. However, for more experienced miners, simple pools don’t tend to offer a variety of features needed to maximize profitability. For example, although many mining pools focus their entire hash rate towards mining a single cryptocurrency, some are large enough to offer additional options — allowing users to mine other SHA256 coins such as Bitcoin Cash (BCH) or Fantom if they choose. These pools are technically more challenging to use and mostly designed for those familiar with mining, happy to hop from coin to coin mining whichever is most profitable at the time. There are even some exchanges that automatically direct their combined hash rate at the most profitable cryptocurrency — taking the guesswork out of the equation. bitcoin mining pool Best Mining Pools for 2019 The Bitcoin mining pool industry has a large number of players, but the vast majority of the Bitcoin hash rate is concentrated within just a few pools. Currently, there are dozens of suitable pools to choose from — but we have selected just a few of the best to help get you started on your journey. Slushpool was the first Bitcoin mining pool released, being launched way back in 2010 under the name “Bitcoin Pooled Mining Server.” Since then, Slushpool has grown into one of the most popular pools around — currently accounting for just under 10 percent of the total Bitcoin hash rate. Although Slushpool isn’t one of the very largest pools, it does offer a newbie-friendly interface alongside more advanced features for those that need them. The pool has moderately high fees of 2 percent but offers servers in several countries — including the U.S., Europe, China, and Japan — giving it a good balance of fees to features. BTC.com is another potential candidate for your pool and currently stands as the largest public Bitcoin mining pool. It is responsible for mining around 17 percent of new blocks. Being the largest public mining pool provides users with a sense of security, ensuring blocks are mined regularly and a stable income is made. Image courtesy of Blockchain.info. BTC.com is owned by Bitmain, a company that manufacturers mining hardware, and charges a 1.5 percent fees — placing it squarely in the middle-tier in terms of fees. Unlike other platforms, BTC.com uses its own payment structure known as FPPS (Full Pay Per Share), which means miners also receive a share of the transaction fees included within mined blocks — making it slightly more profitable than standard payment per share (PPS) pools. Another great option is Antpool, a mining pool that supports mining services for 10 different cryptocurrencies, including Bitcoin, Litecoin (LTC) and Ethereum (ETH). AntPool frequently trades places with BTC.com as the largest Bitcoin mining pool. However, as of this writing, it occupies the title of the third-largest public mining pool. What sets Antpool apart from other pools is the ability to choose your own fee system — including PPS, PPS+, and PPLNS. If you choose PPLNS, using Antpool is free but you will not receive any transaction fees from any blocks mined. Antpool also offers regular payouts and has a low minimum payout of just 0.001 BTC, making it suitable for smaller miners. Last on the list of the best Bitcoin mining pools in 2019 is the Bitcoin.com mining pool. Although this is one of the smaller pools available, the Bitcoin.com pool has some redeeming features that make it worth a look. It offers mining contracts, allowing you to test out Bitcoin mining before investing in mining equipment of your own. According to Bitcoin.com, they are the highest paying Pay Per Share (PPS) pool in the world, offering up to 98 percent block rewards as well as automatic switching between BTC and BCH mining to optimize profitability. Electricity Costs While your mining hardware is most important when it comes to how much BTC you can earn when mining, your electricity costs are usually the largest additional expense. With electricity costs often varying dramatically between countries, ensuring you are on the best cost-per-KWh plan available will help to keep costs down when mining. Most commonly, large mining operations will be set up in countries where electricity costs are the lowest — such as Iceland, India, and Ukraine. Since China has one of the lowest energy costs in the world, it was previously the epicenter of Bitcoin mining. However, since the government began cracking down on cryptocurrencies, it has largely fallen out of favor with miners. Technically, Venezuela is one of the cheapest countries in the world in terms of electricity, with the government heavily subsidizing these energy costs — while Bitcoin offers an escape from the hyperinflation suffered by the Venezuelan bolivar. Despite this, importing mining hardware into the country is a costly endeavor, making it impractical for many people. Finding ways to lower your electricity costs is one of the best ways to improve your mining profitability. This can include investing in renewable energy sources such as solar, geothermal, or wind — which can yield increased profitability over the long term. if you are looking to buy bitcoin mining equipment here is some links: Model Antminer S17 Pro (56Th) from Bitmain mining SHA-256 algorithm with a maximum hashrate of 56Th/s for a power consumption of 2385W. https://miningwholesale.eu/product/bitmain-antminer-s17-pro-56th-copy/?wpam_id=17 Model Antminer S9K from Bitmain mining SHA-256 algorithm with a maximum hashrate of 14Th/s for a power consumption of 1323W. https://miningwholesale.eu/product/bitmain-antminer-s9k-14-th-s/?wpam_id=17 Model T2T 30Tfrom Innosilicon mining SHA-256 algorithm with a maximum hashrate of 30Th/s for a power consumption of 2200W. https://miningwholesale.eu/product/innosilicon-t2t-30t/?wpam_id=17 mining wholesale website: https://miningwholesale.eu/?wpam_id=17
Two questions on calculating PPS vs PPLNS block reward
PPS: If a mining pool contributes 30% of Bitcoin's hash rate for example, and a miner contributes 10%, does that mean that the miner earns 3% of every single block reward? PPLNS: What constitutes a recent share vs an old share, and how are these weighted when distributing rewards? A lot of the reading material I've come across is vague when it comes to these two topics. I guess it might depend on the pool, but I can't find the answers on pool sites - if anyone could give me specific examples with set pools I'd really appreciate it a lot!
I just did a quick calculation on Coinish and with the results I got, I don't think I'll be buying any AISC miners. I would hope I made a big mistake when plotting in the numbers but I'll link to a screen cap, and explain the numbers I put in. Most of the numbers I left alone, but for the ones that might seem strange: Hash Rate: KnCMiner Saturn 200 GH/s Investment: $2 795 + 25% VAT Pool Fee: BTC Guild 7.5% Time to Delivery: they start shipping in September, if I order into the queue now I assumed some extra time, maybe a little much but still. With all this set up and the total return being $364.94 after 12 months I am quickly loosing interest, specially when thinking that all this HW hitting the market probably will drive the difficulty up way faster than 1.3% (if I understood how that works correctly). So that's my take on it as of now. Seems I'm way to late to the game to get paid. Still get a nice new (what I see as a safer) currency though so I like that.
There are two reasons that your profitability graph is so uneven:
NiceHash is a marketplace and buyers are always changing what they are willing to pay for your hashing power.
Finding a valid share is probabilistic. (Sometimes you are lucky and sometimes you are unlucky).
I want to talk about the second reason. In fact, the second reason by itself is enough to make your profitability graph uneven. I'm sure that I am repeating what many of you already know or have seen discussed here before. What helped me was to put some numbers to it. Maybe this will help someone else. When your miner runs it is calculating hashes and checking for a valid share. When it finds one it sends it to the stratum server and gets paid. (I am making a simplifying assumption that every share you send to the stratum server is a valid share). This is how NH pays sellers. It is what they advertise on their page for sellers "Earn Bitcoins for every share" and it is how they explain it on their help pages. This is also how most everyone on this sub talks about it. In this example, I'm going to talk about flipping coins or rolling dice instead of hashing. The main idea is the same - you are doing something where the outcome of each action (coin flip, roll of the dice or hash calculation) does not depend on what happened previously.
Flipping a coin
You get a job at the coin-flipping factory. Your job is to flip a coin. Your boss will pay you $1 every time the coin lands on heads (you get paid nothing if it lands on tails). You flip the coin at the steady rate of 3 flips per minute. So you expect to get paid, on average, $1.50 per minute. What do your per minute earnings look like at 3 flips per minute?
In 12.5% of the minutes you will get no heads and three tails. You will get paid nothing.
In 37.5% of the minutes you will get 1 head and two tails. You will get paid $1.
In 37.5% of the minutes you will get 2 heads and 1 tail. You will get paid $2.
In 12.5% of the minutes you will get 3 heads and no tails. You will get paid $3.
As expected, you made $1.50 per minute on average (0.125 * 0 + 0.375 * 1 + 0.375 * 2 + 0.125 * 3). A graph of 60 minutes of your payment history might look like:
You were flipping the coin at a steady rate of 3 flips per minute and you got paid what you expected at an average rate of $1.50 per minute. The graph is still uneven.
Roll a die
You get bored of flipping coins and get a job at the dice-rolling factory. Your job is to roll a 4-sided die. Your boss will pay you $1 every time you roll a 1 or a 2 (you get paid nothing if you roll a 3 or a 4). Every time you roll a 1 or 2 you call your boss and tell him that you succeeded. You roll the die at a steady pace of 3 rolls per minute. So you expect to get paid, on average, $1.50 per minute. Turns out this job pays exactly the same as the coin flipping job.
Now your boss comes in and says that you are calling him too often. He is going to give you a more difficult task. (This is equivalent to NH increasing the stratum difficulty.) Now your job is to roll the 4-sided die, but you only get paid when you roll a 1. Since this task is twice as difficult your boss is now going to pay you twice as much for each successful roll. Every time you roll a 1, you will get paid $2. If you roll a 2, 3, or 4 you get paid nothing. You are rolling 3 times per minute, what do your per minute payments look like:
In 42.1875% of the minutes you roll without getting a single one. You will get paid nothing.
In 42.1875% of the minutes you roll a one 1 time. You get get paid $2.
In 14.0625% of the minutes you roll a one 2 times. You get paid $4.
In 1.5625% of the minutes you roll a one 3 times. You get paid $6.
The difficulty increased, but so did the pay per successful roll. On average, you still made $1.50 per minute (0.421875 * 0 + 0.421875 * 2 + 0.140625 * 4 + 0.015625 * 6). A graph of 60 minutes of your payment history might look like:
This graph looks more uneven than the previous. You get paid zero more often. The maximum you got paid in your best minute is also higher. In the end it evens out and you are still getting paid $1.50 per minute on average.
Your profitability graph is going to be uneven. (This will be true even when your hashrate is constant.)
Your profitability graph will be more uneven when NH increases the stratum difficulty.
An increase in the NH stratum difficulty does not change how much you earn.
(edits: spelling, formatting, removed extra line from 2nd graph) 2018-01-30 update: If you are not convinced by this post, maybe my companion post that I made today will help.
dcrd: Several steps towards multipeer downloads completed: an optimization to use in-memory block index and a new 1337 chain view. Maintenance: improved test coverage, upgrading dependency management system and preparing for the upcoming Go 1.11 release. dcrwallet: A big change introducing optional privacy-preserving SPV sync mode was merged. In this mode dcrwallet does not download the full blockchain but only gets the "filters", uses them to determine which blocks it needs and fetches them from random nodes on the network. This has on-disk footprint of 300-400 MB and sync time of minutes, compared to ~3.4 GB and sync time of hours for full sync (these are rough estimates).
jy-p: the server side of SPV (in dcrd) was deployed in v1.2.0, the client side of SPV (in dcrwallet) is in our next release, v1.3.0. Still some minor bugs in SPV that are being worked out. There will be an update to add the latest features from BIP 157/158 in the next few months. SPV will be optional in v1.3.0, but it will become the default after we get a proper header commitment for it (#general)
Decrediton: besides regular bugfixes and design improvements, several components are being developed in parallel like SPV mode, Politeia integration and Trezor support. Politeia: testing started on mainnet, thanks to everyone who is participating. A lot of testing, bugfixing and polishing is happening in preparation for full mainnet launch. There are also a few missing features to be added before launch, e.g. capacity to edit a proposal and versioning for that, discussion to remain open once voting starts. Decrediton integration is moving forward, check out this video for a demo and this meta issue for the full checklist. Trezor: Decrediton integration of initial Trezor support is in progress and there is a demo. Android: app design version 2.0 completed. dcrdata: development of several chart visualizations was completed and is awaiting deployment. Specifically, voting agendas and historic charts are merged while ticket pool visualization is in testing. atomicswap: @glendc is seeking reviews of his Ethereum support pull request. Dev activity stats for July: 252 active PRs, 220 master commits, 34,754 added and 12,847 deleted lines spread across 6 repositories. Contributions came from 6-10 developers per repository. (chart)
Hashrate: the month started at 40.5 and ended at 51.6 PH/s, with a low of 33.3 and a new all time high of 68.4 PH/s. F2Pool is leading with 40-45%, followed by the new BeePool at 15-25% and coinmine.pl at 18-23%. Staking: 30-day average ticket price is 92.6 DCR (-2.1). The price started the month at 94.6 and quickly retreated to month's low of 85 until 1,860 tickets were bought within a single period (versus target 720). This pushed the pool of tickets to 41,970 (2.5% above target), which in turn caused 10 price increases in a row to the month's high of 100.4. This was the highest ticket price seen on the new ticket price algorithm which has been in effect since Jul 2017. Second half of the month there was unusually low volatility between 92 and 94 DCR per ticket. Locked DCR held between 3.75 and 3.87 million or 46.6-48.0% of supply (+0.1% from previous peak). Nodes: there are 212 public listening and 216 normal nodes per dcred.eu. Version distribution: 67% on v1.2.0 (+10%), 24% on v1.1.2 (-1%), 7% on v1.1.0 (-7%). Node count data is not perfect but we can see the steady trend of upgrading to v1.2.0. This version of dcrd is notable for serving compact filters. The increased count of such full nodes allows the developers to test SPV client mode in preparations for the upcoming v1.3.0 release.
Obelisk posted three updates in July. For the most recent daily updates join their Discord. New miner from iBeLink: DSM7T hashes Blake256 at 7 TH/s or Blake2b at 3.5 TH/s, consumes 2,100 W and costs $3,800, shipping Aug 5-10. There were also speculations about the mysterious Pangolin Whatsminer DCR with the speed of 44 TH/s at 2,200 W and the cost of $3,888, shipping November. If you know more about it please share with us in #pow-mining channel.
emiliomann: stakebrasil is one of the pools with the lowest number of missed and expired tickets. It was one of the first and has a smaller percentage than the most recent ones who haven’t had the time to do so. (...) The Brazilian pool should be the one with the more servers spread around the world: 6 to decrease the latency. This is to explain to you why the [pool fee] rate of 5% (currently around 0.06 DCR) on the reward is also one of the highest. girino: 8 voting wallets now. I just finished setting up a new one yesterday. All of them in different datacenters, 3 in europe, 3 in north america, 1 in brazil and one in asia. We also have 3 more servers, 1 for the front end, one for "stats" and one for dcrdata. (#general)
On the mining side, Luxor started a new set of pool servers inside mainland China, while zpool has enabled Decred mining. StatX announced Decred integration into their live dashboard and public chat. Decred was added to Satowallet with BTC and ETH trading pairs. Caution: do your best to understand the security model before using any wallet software.
Marina Silva is the first presidential candidate in Brazil using blockchain to keep all their electoral donations transparent and traceable. VotoLegal uses Decred technology, awesome use case! (reddit)
We continue to see institutional interest in DCR. Large block buyers love the concept of staking as a way to earn additional income and appreciate the stakeholder rights it affords them. Likening a DCR investment to an activist shareholdebondholder gives these institutions some comfort while dipping their toes into a burgeoning new asset class.
Targeted advertising reports released for June and July. As usual, reach @timhebel for full versions.
Big news in June: Facebook reversed their policy on banning crypto ads. ICO ads are still banned, but we should be OK. My team filled out the appeal today, so we should hopefully hear something within a few days. (u/timhebel on reddit)
After couple weeks Facebook finally responded to the appeal and the next step is to verify the domain name via DNS. A pack of Stakey Telegram stickers is now available. Have fun!
Meetup in Berlin, Germany hosted by BlueYard Capital. @jz_bz and @lftherios discussed open source incentivization, the value of governance and their respective projects @decredproject and @oscoin. See @issedjur's feedback here. (photos: 1, 2, 3)
O'Reilly Open Source Convention in Portland, USA. @raedah's talk was "Decentralizing decision-making on the blockchain". Read his report here and see on the photos how the Big Stakey was entertaining the public. (photos: 1, 2, 3)
oregonisaac: many open source devs at OSCON were VERY interested in Politeia and it was probably the #1 hook that resulted in lots of long conversations about what makes Decred unique from the ground up. (#politeia)
Blockchain Meetup in Faro, Portugal. Marco Peereboom gave a talk "Decred 101" and answered questions.
Meetup in Lisbon, Portugal on Aug 2. @moo31337 and @mm will be presenting on Decred with talk "Decred 101 - Governance with skin in the game". Co-hosted by The Block Cafe. Free entrance.
Meetup in Taipei, Taiwan on Aug 5. @morphymore will give a short intro on Decred.
OKEx Global Meetup Tour in Ho Chi Minh City, Vietnam on Aug 9. @joshuam will introduce Decred and on-chain governance and take part in a panel discussion.
Twitter: Ari Paul debates "There can be only one" aka "highlander argument". Reddit and Forum: how ticket pool size influences average vote time; roadmap concerns; why ticket price was volatile; ideas for using Reddit chat for dcrtrader and alternative chat systems; insette's write-up on Andrew Stone's GROUP proposal for miner-validated tokenization that is superior to current OP_RETURN-based schemes; James Liu's paper to extend atomic swaps to financial derivatives; what happens when all DCR are mined, tail emission and incentives for miners. Chats: why tickets don't have 100% chance to vote; ideas for more straightforward marketing; long-running chat about world economy and failure modes; @brandon's thoughts on tokenizing everything, ICOs, securities, sidechains and more; challenges of staking with Trezor; ideas how to use CryptoSteel wallet with Decred; why exchange can't stake your coins, how staking can increase security, why the function to export seed from wallet is bad idea and why dcrwallet doesn't ever store the seed; ticket voting math; discussion about how GitHub workflow forces to depend on modern web browser and possible alternatives; funding marketing and education in developing markets, vetting contractors based on deliverables, "Decred contractor clearance", continued in #governance. #dex channel continues to attract thinkers and host chats about influence of exchanges, regulation, HFT, lot sizes, liquidity, on-chain vs off-chain swaps, to name a few topics. #governance also keeps growing and hosting high quality conversations.
In July DCR was trading in USD 56-76 and BTC 0.0072-0.0109 range. A recovery started after a volume boost of up to $10.5 m on Fex around Jul 13, but once Bitcoin headed towards USD ~8,000 DCR declined along with most altcoins. WalletInvestor posted a prediction on dcrtrader. Decred was noticed in top 10 mineable coins on coinmarketcap.com.
One million PCs in China were infected via browser plugins to mine Decred, Siacoin and Digibyte. In a Unchained podcast episode David Vorick shared why ASICs are better than GPUs even if they tend toward mining centralization and also described Obelisk's new Launchpad service. (missed in June issue) Sia project moved to GitLab. The stated reasons are to avoid the risk of depending on centralized service, to avoid vendor lock-in, better continuous integration and testing, better access control and the general direction to support decentralized and open source projects. Luxor explained why PPS pools are better. @nic__carter published slides from his talk "An Overview of Governance in Blockchains" from Zcon0. This article arguing the importance of governance systems dates back to 2007. Bancor wallet was hacked. This reminds us about the fake feeling of decentralizaion, that custody of funds is dangerous and that smart contracts must have minimum complexity and be verifiable. Circle announced official Poloniex mobile apps for iOS and Android. On Jul 27 Circle announced delisting of 9 coins from Poloniex that led to a loss of 23-81% of their value same day. Sad reminder about how much a project can depend on a single centralized exchange. DCR supply and market cap is now correct on onchainfx.com and finally, on coinmarketcap.com. Thanks to @sumiflow, @jz and others doing the tedious work to reach out the various websites.
About This Issue
12-05 11:23 - 'Accurate currency conversion application, beautiful interface for android 2020' (self.Bitcoin) by /u/mailinh18 removed from /r/Bitcoin within 100-110min
''' Currency conversion application with friendly interface, easy to use to convert foreign currencies, exchange money abroad in just 1 second. Not only that, the money exchange app also helps you compare global currency rates to ensure you can compare foreign currency rates in all countries around the world. The currency exchange app ensures you have the best prices at the current exchange rates when exchanging foreign currency The salient features of the professional Currency Exchange application: - Modern interface, scientific layout makes it easy to use and track the exchange rate fastest - change and track currency rates in 5 countries at the same time - The smart system automatically updates the currency unit according to the user's current location - Easy to use convenient calculator to compare prices by using currency conversion - Support foreign currency exchange in all countries all over the world - Detailed graph for easy tracking of exchange rate changes currency conversion through each optional timeline - Feel free to adjust the list of currency changes as you like - Customize interface display style for converting foreign currencies according to your preferences - The application capacity is extremely light, running smoothly - Save last updated exchange rate when offline Download the free currency converter app here: [[link]2
if you like the app you can leave a review on google play offline: D
If the application has an error, you can comment on the thread or send it to yourself via mail: [email protected]
CMV: Bitcoin's price is unrelated to its fundamental value
Bitcoin is currently trading at $8145. At the beginning of the year it was around $1000, at the beginning of 2016 it was about $500, and of course a few years ago it was around $13. It is unclear to mean how I could quantify the intrinsic value of a bitcoin, even within a huge range, like say an order of magnitude. Should its value be closer to $1,000/BTC or $10,000/BTC? I have little way to tell. One tie into fundamentals is the cost of mining bitcoin. However, apparently hobby mining has been reasonably profitable at least since BTC was around $2500. Besides being empirically refuted, there are other reasons to doubt this method of estimating bitcoin value. First, the creation cost of a bitcoin only says something about a ceiling on its value -- if it costs more than that amount, it ought to entice people to start mining bitcoins, adding to bitcoin supply and reducing prices, but if bitcoin prices slip below this value there is no market mechanism to bring them higher. Even as a ceiling, it is still flawed: buying bitcoin miners upfront is an investment with obvious risks, so your expected profit from mining would need to be a pretty high rate of return at current prices to heavily increase the rate of mining. Also, the fact that eventually there is an absolute cap on outstanding bitcoins implies that this price enforcing mechanism has an expiration date. So what we are left with is an open market for bitcoins trading in US Dollars, which certainly shows the clearing level in supply vs demand today. But an answer that references supply and demand will not change my view. When I say fundamental value, I mean something independent of the current price and the price history. I'm looking for an indicator that would tell me today that bitcoin is way too cheap if its current price was $100 and $100 was the all time record high, and that would tell me that bitcoin was trading way too expensive if its current price was $100,000 and it had been at $10,000 a year ago, and $5000 a year before that etc. P.S. -- Only tangentially related to this point, I also see bitcoin as having questionable qualitative fundamentals as a currency. Currencies can be evaluated based on their usefulness as a store of value or medium of exchange. Bitcoin's exchange rate versus other currencies is extremely volatile, undermining the idea that it is a secure store of value -- its value could be doubled or halved in a matter of weeks. As a medium of exchange, I cannot use it most places I transact in dollars. Even where it can be used, the transaction process is for the vendor to convert the dollar price of goods to Bitcoins at the current exchange rate, and exchange your bitcoins into dollars as soon as the transaction takes place. So its value as a medium of exchange is derivative from dollars too. PPS -- This problem does not apply to international fiat currencies to the same degree, because of international trade. The spot exchange rate of two national currencies is a supply/demand equilibrium, just like bitcoin. However, if US Dollars suddenly only bought half as many Euros as they used to, US demand for goods made in the EU would fall, because those goods would suddenly cost more USD. Meanwhile Europe would have higher demand for suddenly cheap-in-EUR US-made goods. The US would build a big trade surplus with Europe. As goods flow from US to EUR, capital used to purchase those goods would flow from EUR into USD. That flow drives up the spot price of USD/EUR, enforcing a return to an equilibrium range of exchange rates. This works for international currencies because there are huge numbers of people who make all their purchases in USD and never in EUR, are always paid in USD and never in EUR, and don't have the easy option to switch purchasing currencies at a whim. This set of conditions does not apply to any cryptocurrency: there is no sizable community of people whose income and expenses are all in bitcoins. edit: I see many similar threads on the subreddit. I am not arguing that bitcoin is a bubble. I am specifying a contrast I see with other currency (foreign exchange) markets. I am making some arguments about mining as a price mechanism that I don't see elsewhere. The answers on the other threads I read did not address these points in conjunction, nor did they change my view.
11-18 22:43 - 'List of bitcoin person-to-person (P2P) Exchanges (e.g., Bisq, HodlHodl, LocalCoinSwap, etc.)' (self.Bitcoin) by /u/cointastical removed from /r/Bitcoin within 2807-2817min
''' Following is a list of P2P exchanges for trading Bitcoin. Common payment methods include bank transfer, cash deposited in the seller's bank account, in-person cash (face-to-face) trades as well as payment networks such as Zelle, Alipay, even Cash App and PayPal, for example. Any that I am missing?
[HodlHodl]2 (💵, [⚡]3 ) [NO KYC] <-- Not available in the U.S.
[LocalCoinSwap]4 (💵) [OPTIONAL KYC (i.e., your listing, your terms)]
[Local Lightning]5 (💵, [⚡]3 ) [NO KYC]
[AgoraDesk]7 (💵) [NO KYC]
[Counter.Network]8 (💵) [OPTIONAL KYC]
[Wall Of Coins]9 (💵) [NO KYC]
[Payfair]10 (💵) [NO KYC]
[BuyCrypto.Today]11 [NO KYC]
[BitQuick]12 [NO KYC (when trx amount is under $400)]
[Remitano]13 [NO KYC for Seller (only Buyer must KYC)]
[Totalcoin]14 mobile app [NO KYC (other than phone number verification)]
Mycelium [Local Trader]15 mobile app [[Map]16 ] (💵) [NO KYC]
CryptoMap.me (💵) [NO KYC] <-- Reddit does not permit any link to CryptoMap
[LocalBitcoins]17 [KYC] <-- No more in-person, cash trading
Paxful.com (💵) [KYC] <-- Reddit does not permit any link to Paxful
[Cash4Cash]28 <-- Take seriously the risks and recommendations in the [General Information]29 PSA
[GiftCardExchange]30 <-- Take seriously the risks and recommendations in the [GSX Safe Trading Guide]31
[BitMarket]32 <-- Take seriously the risks and recommendations in the [GSX Safe Trading Guide]31
[BitHalo]34 software [NO KYC]
[OpenBazaar]35 (💵) [NO KYC]
Altcoin-only P2P Trading exchanges
[LocalEthereum]37 (💵) [NO KYC]
[Dether]38 (💵) [NO KYC]
[Local BCash]39 (💵) [NO KYC]
[Ethfinex Trustless OTC]40
AggregatoSearch and Helper Sites
[ExchangeRates.Pro]44 Real-time price comparison
Note: If you use one of the above P2P OTC trade "matchmaking" services, please [trade with caution]45 and do your own due diligence. This list does not include exchanges not in English (e.g., [58Coin]46 ), deserted or defunct marketplaces (e.g., Cancoin), not-yet launched (e.g., [OTCBoss]47 , [Zismo.io]48 ), ones that operate only through [dark markets]49 , or online-only [DEX/decentralized exchanges]50 ([another list of DEXes]51 ). Also, there are a number of variants that I didn't list:
Physical stores (e.g., BitKonan's [Bitcoin Store]52 Split and Zagreb, Croatia, [House of Nakamoto]53 Vienna, Austria, and [IBEX / BuyBitcoin.London]54 London, U.K., [Luxolo]55 (💵) Portland, Oregon, [Yap.cx]56 (💵) Montreal, Canada, & [Bitcoin Dealers]57 (💵) Melbourne, Adelaide, & Sydney, Australia), and Trading spaces (e.g., [Crypto Plug]58 Inglewood, CA)
Gift card exchanges (e.g., [CardCoins]73 for paying with a non-reloadable, prepaid GIFT card (VISA/Mastercard/AMEX/Discover), [CryptoVoucher.io]68 for paying with gift cards for numerous brands, and [BitOf]75 for paying with Amazon UK gift cards)
Sell CVV Good and Fast All Country, WU Transfer, Remove, Track 1 & 2, Paypal
Buy Valid Clone ATM Cards Dumps+pin Fulls Cvv CC Randoms Sell CVV Good and Fast All Country, WU Transfer, Remove, Track 1 & 2, Paypal, - With Dumps / Track 1/2 + Pin - Tracks 1&2 US = 85$ per 1 - Tracks 1&2 UK = 100$ per 1 - Tracks 1&2 CA / AU = 110$ per 1 - Tracks 1&2 EU = 120$ per 1 - Tracks 1&2 Asia = 133$ per 1 Contact: - telegram : +1(514)612-0973 - Gmail: [[email protected]](mailto:[email protected]) - Skype : 47f30ad6fcddc48f ( Maestro seller) - Google hangouts: [[email protected]](mailto:[email protected]) - Yahoo mail : [maestro_[email protected]](mailto:[email protected]) - telegram : +1(514)612-0973 - Viber # : +237663561123 - Whatsapp : +237693634792 ===- Price WU Transfer ==== -125$ for 1000$ -335$ for 5000$ -2000$ for 20000$ -3000$ for 30000$ -5000$ for 50000$ -900$ for 10000$ - US (Visa,Master) = $15 per 1 / - US (Amex,Dis) = $50 per 1 / - US full (Visa,Master) = 30$ - UK (Visa,Master) = $35 per 1 / - UK (Amex,Dis) = $65 per 1 / - UK full (Visa,Master) = 40$ - CA (Visa,Master) = $35 per 1 / - CA (Amex,Dis) = $60 per 1 / - CA full (Visa,Master) = 45$ - AU (Visa,Master) = $45 per 1 / - AU (Amex,Dis) = $60 per 1 / - AU full (Visa,Master) = 45$ - EU (Visa,Master) = $50 per 1 / - EU (Amex,Dis) = $60 per 1 / - EU full (Visa,Master) = 45$ - Italy = $20 per 1 - Spain = $20 per 1 - Denmark = $25 per 1 - Sweden = $17 per 1 - France = $18 per 1 - Germany = $16 per 1 - Ireland = $16 per 1 - Mexico = $16 per 1 - Asia = $15 per 1 - China = $20 - Sweden = $20 Credit Card European Union : - Cvv Italy normal : $30 per 1 - fullz info : $60 per 1 - Cvv Spain normal : $30 per 1 - fullz info : $60 per 1 - Cvv France normal : $30 per 1 - fullz info : $60 per 1 - Cvv Germany normal : $30 per 1 - fullz info : $60 per 1 - Cvv Denmark normal : $30 per 1 - fullz info : $60 per 1 - Cvv Sweden normal : $30 per 1 - fullz info : $60 per 1 - Cvv Ireland normal : $30 per 1 - fullz info : $60 per 1 - Cvv Brazil normal : $25 per 1 - fullz info : $55 per 1 - Cvv Mexico normal : $25 per 1 - fullz info : $55 per 1 - Cvv Asia normal : $30 per 1 - fullz info : $60 per 1 * And many countries other in stock 95% valid rate and high balance * Please contact us for your CVV of country you want to buy.. Contact Me Support: - telegram : +1(514)612-0973 - Gmail: [[email protected]](mailto:[email protected]) - Skype : 47f30ad6fcddc48f ( Maestro seller) - Google hangouts: [[email protected]](mailto:[email protected]) - Yahoo mail : [maestro_[email protected]](mailto:[email protected]) - telegram : +1(514)612-0973 - Viber # : +237663561123 - Whatsapp : +237693634792 Payment methods ; PM(Perfect Money), , BTC(Bitcoin) , Bitcoin CASH ( BCH ), STELLAR and PAYPAL (PP) and Ethereum (ETH) , RIA money transfer ; thank you for read !
Source - https://coinscapture.com/blog/working-of-cryptocurrency-mining-pool Working of Cryptocurrency Mining pool Cryptocurrency is the most discussed and trending topic on various internet forums, communities, and social media. Many individuals are keen to enter the cryptoworld and unfold all the profits within it. Cryptocurrency can be bought from an exchange or mined through the mining pools. In this guide, we’ll understand the working of the cryptocurrency mining pool. What is Mining Pool? Cryptocurrency mining is the same as mining the metals from the earth. The individual or company that digs out the metal from the earth becomes the owner similarly the individual who discovers first the valid hash using the computational power becomes the owner and earns a block reward. The crypto mining can either be done solo using his/her own mining devices or through a mining pool. As more and more enthusiasts participated in mining to earn a block reward became equally difficult and it would take centuries for a miner to generate a block because the probability of finding the hash value first and generating a block is directly proportional to the computing power in the network. The smaller the computational power the smaller is the chance of generating the next block. Hence a solution, to this problem mining pools were formed. A mining pool is a group of miners pooling/combining their computational power together in order to mine a cryptocurrency quickly and earn a block reward consistently. Each contributing miner earns reward according to their investment in processing power. The working of mining pools depends on certain algorithms that are designed to check the authenticity and validity of the transactions. Miners are required to solve a complex math problem that requires millions of calculations with the help of High computational power. When the miners combined their computational power the block generation process happens at a much faster rate as compared to a single mining rig. For more understanding of mining please refer our previous blog (What is Bitcoin mining?) Types of Mining Pools
Single mining pools: This type of mining pool mine only single cryptocurrency
Multi-currency pools: This type of mining pool mine different cryptocurrencies and gives the miner a chance to choose the cryptocurrency for mining timely depending rewards points offered.
Cloud mining pools: Cloud-based mining can be combined with mining pools by making an online contract. This type of mining pool allows individuals to participate in mining activity without even buying specialized equipment.
How rewards are shared on mining pools? The rewards shared after successfully adding the new block to the blockchain vary from currency to currency. The reward sharings also depend on the factors like mining difficulty, the exchange rate between different coins, the hash rate and the block generation time. Some of the followed reward structures are as follows:
Pay-per-share (PPS): This method offers instant payout depending on the miner’s contribution to finding the block. The payment is done using the pool's existing balance and can be withdrawn immediately.
Shared Maximum Pay Per Share (SMPPS): It is the same as Pay-per-share (PPS) but limits the payout to the maximum that the pool has earned.
Equalized Shared Maximum Pay Per Share (ESMPPS): This method is similar to (SMPPS) but the rewards are distributed equally among all miners in the pool.
Proportional (PROP): The miner is rewarded the share that is proportional to the number of shares he has in the pool with respect to the pool’s total shares
Advantages of mining pools
Mining pools offer a more stable income
Mining pools lower costs of mining
Mining pools helps in generating a higher income
Disadvantages of Mining pools
There may be some interruptions in the Mining pools
There is a sharing of block rewards
There may be sometimes unfavorable pool reward structure
Widely-Used Mining Pools
Antpool: The largest pool available on the web offering mining of cryptocurrencies like BTC, BCH, LTC, ETH, ETC, ZEC, DASH, SCC, XMC, BTM
Minergate.com: A public mining pool mining of cryptocurrencies like ETH, ETC, ZEC, BTG, BCN, XMR, XMO, FCN, XDN, AEON
Btc.com: The most popular mining pool among miners offering cryptocurrencies BTC, BCH, ETH, ETC, LTC, UBTC, DCR to mine
BTCC: The largest Chinese pool in the world mining 7% of all existing blocks.
Slush: The most trusted mining pools on internet mining 7% of all available blocks.
Mining pools can definitely be a change to the entire mining process offering the highest and the real income without spending years depending on the computational powers. Hence, investing in a mining pool can be beneficial but always choose the mining pool that fits your personal needs and facilities.
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