Crypto Currency

[moguy1973]

BITO and BFT are great ways to invest in crypto without really investing in crypto.  No need to create crypto wallets and have to learn all the crypto jargon and mess with tax implications that come with it.

Speaking of taxes, I'll have to figure out how all that works before April as I mined my Bitcoin and Etherium 3 of my computer I have.  Ran them for a couple months in the summer before they turned my office into an oven and made my electricity bills go through the roof.  Really wasn't worth it at that point.  But Etherium has gone up 50% since I stopped mining so I got some decent gains off what I mined so far.

[snagged in outlet 3]

45 minutes ago, moguy1973 said:

BITO and BFT are great ways to invest in crypto without really investing in crypto.  No need to create crypto wallets and have to learn all the crypto jargon and mess with tax implications that come with it.

Speaking of taxes, I'll have to figure out how all that works before April as I mined my Bitcoin and Etherium 3 of my computer I have.  Ran them for a couple months in the summer before they turned my office into an oven and made my electricity bills go through the roof.  Really wasn't worth it at that point.  But Etherium has gone up 50% since I stopped mining so I got some decent gains off what I mined so far.

I bought mine in an ira.  

[Quillback]

One ounce gold coin, a "Gold Cas" 1,000 Bitcoin, is now worth, according to the article, $48 million.  Owner paid a little of $4 K for it back in 2011.  

Kept In A Drawer for 2 years, $4,905 Gold Bitcoin Physical Coin Now $48 Million, According to GreatCollections (prnewswire.com)

[snagged in outlet 3]

I heard Tom Brady would like be paid for some of his salary in crypto. He said other NFL players have asked to be paid in crypto.  

[moguy1973]

My Helium miner is up and running now since Sunday.  Made $8 in helium so far, but I'm seeing quite a few other hotspots.   It's actually seeing another about 14.5km away in Arnold.  It's really interesting technology.  Here's my miner:

[snagged in outlet 3]

22 minutes ago, moguy1973 said:

My Helium miner is up and running now since Sunday.  Made $8 in helium so far, but I'm seeing quite a few other hotspots.   It's actually seeing another about 14.5km away in Arnold.  It's really interesting technology.  Here's my miner:

I wish I knew more about that technology.  It’s fascinating.  

[moguy1973]

47 minutes ago, snagged in outlet 3 said:

I wish I knew more about that technology.  It’s fascinating.  

It's basically a coverage network.  It can be used to track tags or cars or other devices, kind of like the new Apple tags do.  The network is ran by regular people with the hotspots in their houses or businesses or wherever they want to put them, so instead of paying people to install towers with antennas and equipment on it and then to maintain that, they pay people to maintain their hotspots and keep them running.  The blockchain HNT is on is completed by the hotspots witnessing transactions and beacons from other hotspots..  When one of those things is completed the owner of the hotspot gets paid in HNT.  It's pretty complicated on how it all works, but it's not hard to maintain the hotspot and get paid for it.  Some people have really good locations and make upwards of $1000-3000 or more per month.

[snagged in outlet 3]

49 minutes ago, moguy1973 said:

It's basically a coverage network.  It can be used to track tags or cars or other devices, kind of like the new Apple tags do.  The network is ran by regular people with the hotspots in their houses or businesses or wherever they want to put them, so instead of paying people to install towers with antennas and equipment on it and then to maintain that, they pay people to maintain their hotspots and keep them running.  The blockchain HNT is on is completed by the hotspots witnessing transactions and beacons from other hotspots..  When one of those things is completed the owner of the hotspot gets paid in HNT.  It's pretty complicated on how it all works, but it's not hard to maintain the hotspot and get paid for it.  Some people have really good locations and make upwards of $1000-3000 or more per month.

Can you run one on an old laptop?

[moguy1973]

39 minutes ago, snagged in outlet 3 said:

Can you run one on an old laptop?

It runs by itself.  It's basically a raspberry pi that has been set up to receive and transmit the signals for LoraWan.

Here's the website for it with loads of info.  Problem is right now it's really hard to get a hotspot due to the chip shortage and super high demand.  I placed my order back in April, and wasn't supposed to get mine until Q1 next year as it kept getting pushed back from the original ship date in July.  The only reason why I got mine last week is I traded my original in for one that was slightly more expensive and in stock for those with previous orders.

 

http://www.helium.com

In order for it to work there needs to be other hotspots around where you place the one you have since they need to see or witness other hotspots and devices.  If you live out in the country it really doesn't work (those are called lone wolves and make very little coin)

 

[snagged in outlet 3]

I’m in st Charles county