(Topic ID: 200502)

Somebody explain Bitcoin to me

By Pinballlew

6 years ago


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  • Latest reply 3 years ago by toyotaboy
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    #1806 3 years ago
    Quoted from Spyderturbo007:

    I also have a Ledger in a box but haven’t used it yet. The thought of having to delete one currency to make room for another scares the hell out of me on that stupid thing.

    Which ledger do you have? I have both a nano s and nano x, and the nano x allows a ton more applications on it.

    Also the accounts are tied to your keys, so changing applications around on the ledger s shouldn't be a problem. I use the ledger X as my main, and ledger s as a backup.

    Remember: not your wallet, not your coin.

    2 weeks later
    #1853 3 years ago

    I recently go an older antminer S9 just to play with and see how it was built, etc... As I was experimenting with it, I realized if I set it to around 1100 watt draw, it puts out a nice slow stream of heat like my under desk foot/leg heater does with a tolerable noise level.

    The miner is not very profitable, but does at least cover it's own electricity bill. I decided to build a little cart out of scraps and use the miner as my leg/foot warmer. Now my piggies stay warm and the "heater" pays for itself.

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    3 weeks later
    #1897 3 years ago
    Quoted from russdx:

    It’s not as regulated as people think and when transactions go wrong your pretty fucked. Or have accounts locked for no reason with no support for months (been there)

    Yeah there's not a lot you can do about screwing up a transfer. Much like a wire transfer, it's just gone.

    Accounts getting locked or providers going down and losing your coins can be mitigated by having a hardware wallet and controlling your own private key. I can't stress the saying enough: "Not your wallet, not your coin."

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