Miners are only $400-$500. But now you can't find them anywhere. But ROI is pretty quick. At current prices of HNT it seems like most miners in the area pull in between $150-$450/month...ish.
Cryptocurrency
- Thread starter Playboi Carti
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Miners are only $400-$500. But now you can't find them anywhere. But ROI is pretty quick. At current prices of HNT it seems like most miners in the area pull in between $150-$450/month...ish.
Yeah I'm in a pretty good area for it - my buddy researched and found the miners. Like Just said, good luck getting one now but I'm pulled $400 from mine last month.
The reason I'm mining Helium is the process is much less energy intensive than Bitcoin or something. They actually use radio transmitters to verify the transactions so it doesn't take much energy. I haven't noticed a dent in internet performance and the miner only uses about the same amount of energy as powering a lightbulb. The miners cost about 400-500 so if you have a good connection you're repaid in about a month's time and after that it's pure profit.
Edit: One last thing about helium is that if you're interested, check your area - if there are multiple miners in the same geographical area rewards are reduced. If there are already 1 or 2 miners in your area wouldn't do it. I was looking at New York the other day and there are like 30 miners in some areas and those guys are literally making like 5 bucks a month.
Here are some in the Des Moines area for example.
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I don't see smart contracts being that big of a deal. The terms of contracts are debated constantly as it is. Making the payment automatic isn't going to reduce the number of lawsuits over contract terms. It might benefit contracts that are so simple that a contract isn't really needed. But any contract that represents significant value to either party is still likely to go to court. It just changes who has the money while the case is heard. And while most people think about "getting their money," they don't consider that they would also be automatically paying people that they may think haven't fulfilled their obligation.
Short version: smart contracts will make contracts much more complicated.
Short version: smart contracts will make contracts much more complicated.
Yeah I'd never sign one of those to be honest. Plus how many contracts does a regular person sign? Maybe my mortgage or car loan or something but that's it, so maybe one every few years? It's really just a solution in search of a problem to me.
Then the dollar wins since gold is irrelevant to the dollar or financial transactions outside of itself, so is and will be BTC.
Not a big deal? Smart contracts and dapps are among the building blocks of Web 3.0. If you are not familiar, many people believe Web 3.0 will be the next paradigm shift in the structure of the internet. If it is realized, it will change everything.
I am not sure I am following your point here. I figure there can be a place for all 3.
Agree. Was just discussing how gold, dollar, and Bitcoin can’t be compared very well, at least right now.
Any good resources for learning more about this? Sounds interesting.
*Edit: Welp, I ordered a Bobcat today.. haha
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Someday I will be really happy I kept sinking money in Etherium! I am already glad but this thing is going to skyrocket at some point after ETH2 upgrade.
After reading a few articles, my main takeaway is people will spend more time having to manage their data on Web 3.0, and dapps will give us more versions of cryptokitties. If that is everything changing... meh.
I would be curious where you are getting your information. That is wildly inaccurate.
I googled "what is web 3.0" and "what are dapps" and found articles from Forbes, Investopedia and some crypto journal that I was a little nervous to click on. Where should I go?
What are the benefits for a guy like me that just wants to keep working his job he enjoys, and doesn't want to do any active investment more complicated than automated payroll deduction into a plan that someone else manages.
I don't game. I find value in learning how to refine a search to get the results I want. One of the things
mentioned was a Semantic Web where the web would "just understand" when you search for 'jaguars' whether you're looking for cats or cars. Also IoT which is interesting in some industrial/commercial applications but I haven't seen a compelling residential use case.
I think Web 3.0 conceptually will be a lot more peer to peer stuff.
Right now we have huge data centers that everybody has to connect to.
The web 3.0 would theoretically make those much less important because we'd all basically be on a giant blockchain at all times. I'm not totally sure how that works, I think we're a ways off there. One of the "benefits" being touted is that it would decentralize the entire internet away from large corporations and social platforms. I'm dubious that's even a good thing despite the negatives of many of the large platforms.
Right now we have huge data centers that everybody has to connect to.
The web 3.0 would theoretically make those much less important because we'd all basically be on a giant blockchain at all times. I'm not totally sure how that works, I think we're a ways off there. One of the "benefits" being touted is that it would decentralize the entire internet away from large corporations and social platforms. I'm dubious that's even a good thing despite the negatives of many of the large platforms.
First BTC ETF was approved last week and will start trading tomorrow. Think it just shows how unlikely it is that BTC will be made illegal etc. I’m talking BTC specifically here, each cryptocurrency has its own risks.
www.google.com
First bitcoin futures ETF to make its debut Tuesday on the NYSE, ProShares says
The first bitcoin-linked exchange-traded fund will make its debut officially on Tuesday.
I will say, get a decent antenna. Depending on your area, you want to be in a place with some miners but not a ton. The further your antenna will reach, the more witnesses you'll have and the more you'll earn. I'd suggest one of the ones that's like a big string and that you can basically string along the ceiling of a room.
Edit: here is a good vid on antenna placement as well
Sorry for the delayed reply!
Certainly there will be many changes that will go undetected by the masses. And yes, there are some things that most people won't really care about or find value in.
The beauty of Web 3.0 is that it delivers more on the initial vision of the world wide web. It was never meant to be controlled by large corporations like it is now. I would argue the it absolutely shouldn't be. We are constantly bombarded with ads and our data is owned and mined by corporations without most folks understanding what they are doing and what they agree to when using certain applications. We are being manipulated and used. If you are not familiar, please refer to the Facebook-Cambridge Analytica scandal as an example.
If Web 3.0 comes to fruition, the world doesn't stop because Facebook goes down (like it did the other day). Data would exist outside of their centralized servers. There are many people that no longer have a computer and ONLY store ALL of their family photos and videos directly on the cloud with centralized services like Google photos. In other words, they are trusting a company that has been around for about 20 years with all of their memories. What happens if Google goes bankrupt? I mention this to illustrate how people tend to blindly trust things without adequate consideration for the consequences.
In Web 3.0 you would own your digital identify and have the ability to experience the web and social media without being tracked and followed by companies trying to market to you. Unless of course, you opt in to the marketing. Then YOU could be properly paid for being advertised to as opposed to companies like Google and Facebook.
You may not find value in these things. Although, like many tech advances, people can't often fathom the benefits until after implementation and use. Time will tell, I suppose.
