/biz/ - Business & Finance

>>1190730
dude...
way to be poor.

fellow hunfag here don't keep your money in huf whatever you save put it in something else.
huf is doubly inflated it constantly loses value over all major currency and they also lose value.

it's a fucking milking table but not in a good way.

>>1190730
400usd per what time? Is it time to move to Hungary with my 15000 savings to become the elite?

>>1190730

What are the gun laws like? How's the internet in the bigger cities? I'm done with America honestly, I want to live alone in a European country that lets me shoot my guns and play vidya.

>>1190905
Per month I believe, average salary here is USD 600 net.

>>1190937
>European country that lets me shoot my guns

Ha! Ain't happening nigga.

I am in Debrecen - can you explain to me how the Hungarian stock exchange works?

>>1190937
hungary?
worst gun laws imaginable basically.

>>1190886
I'm keeping BTC. Halvening is coming.

>>1190905
>>1190937
Monthly indeed.

>>1190937
You won't get a gun here.

>>1191030
you give your money to a broker
he does this and that and it's gone
then he asks for his comission

>>1190937
Not sure about guns but Romania is cheap as fuck and some of the fastest internet speeds in the world.

>>1191063
>You won't get a gun here.
it's expensive but doable. there are 3 major ways: 1) become a hunter you can load your own ammo; 2) work at a gun shop or own one then you get permit for self defense; 3) people doing sport shooting competition are allowed their own gun just no ammo;

>>1190730

Move to another country (i.e. UK or Ireland).

Save up enough shekels to retire in Hungary within 10-15 years - ??? - profit.

>>1191136
yeah half the hungarian workforce that's mobile enough is doing this already.

>>1191136
You know which is the second most Hungarian poulated city, after Budapest? It's London.

I make about 300$ on hash ocean,

https://hashocean.com/?rid=374205

>>1193097
what do you mine?
how often do you cash in?
what are the costs?

>>1193097
what is i create a hundred accounts and only use the free 15 KH/s
what can i withdraw in a year?

>>1193141
you have to buy a minumum of 20hks = 6$ to withdraw the money , so you get 39.36 / year

>>1193167
so basically i send them bitcoins so they can send me the bitcoins back in 3-4 months and keep on sending it every 3-4 months?

it seems awfully retarded from their part if they just kept the hashing power to themselves it would be the best investment ever. 300% every year.

what's the catch?

>>1193177
ponzi

>>1193187
that was my thinking the question is at what stage they are right now?
ponzi schemes can be good to you if you jump in early enough.

>>1193177
They're taking your money, you're taking the risk that BTC will continue to go up in value.

They're diversifying their potential for loss, you're investing in partial ownership in a BTC mining op (and getting a comparable ROI to what you would get if you just bought an antminer and joined a pool with your own equipment).

>>1193242
but you are not giving them any money... you are giving them bitcoin.

my guess is they don't nearly have the hashing power they sell and they don't have to because they can just count on greedy little fuckers reinvest everything they earn for a few years then they can just close shop.

from their perspective the worst customer is that buys the minimum hashing power and from there on only cashes out. however greed is a sneaky bastard and most won't be able to resist buying more hashing power giving them basically time in the scheme.

>>1193246
Bitcoin is money.

>>1193250
i would argue that it's just a number in this case as is hashing power.

they get bitcoin and they pay out bitcoin so long the get more in than out they can keep it up without any mining.

>>1193246
You're giving them BTC, but they then have access to those funds and can scale their operation, or exchange it for other currencies, or whatever. I'm reluctant to buy in, but at the same time it doesn't seem like the worst idea in the world, so long as it's legit. My main fear is that they're just gonna take your BTC and give you some nominal amount back on a longer schedule than advertised, then you're SOL. With that in mind, I'll probably just buy an ASIC and join a mining op that takes a small percentage of the proceeds; seems much more above-board to me.

>>1193263
it still doesn't make any sense to me why would they sell their hashing power for bitcoin that gives them so great returns in bitcoin.

no matter what story you twist behind it they are losing out on this big time.

>>1193268
Diversification of assets. Investing in the miners themselves is expensive, and it takes a while to make that investment back. If you spend $5000 on 5 antminers and 5 PSUs today, you wouldn't make that money back for probably 4-5 months. By taking other people's money, they scale their operation quicker, turn a small profit on the initial investment, and they're probably taking a cut of the processing power as well. In this way, they're able to achieve the scale of perhaps millions of dollars worth of computing possibility and scaling of power, etc., and only actually financing a small portion of it, limiting their losses in the case where BTC crumbles as a currency.

Since they're only guaranteeing computing power, and not dollars or other fiat currency, they can still meet their obligations even if the value plummets, and they still own the mining equipment, allowing them to do whatever they want with it if/when you cancel your account. You don't actually own the miner, you only own rights to XXX amt of hashing, so if they shut down operations/go bankrupt, you're just SOL.

It's not a long-term sustainable business model unless the value of BTC continues to go up over time. As soon as the power consumption costs overcome the value of BTC, ownership will start bleeding money and will shut down operations.

>>1193288
http://www.thehalvening.com/

>>1193288
>By taking other people's money, they scale their operation quicker
that's the thing... there is no real limit to where they can scale their little numbers that only exist on their servers. so long people get hooked and keep on reinvesting their money in greater numbers than people only cashing out the actual hashing capacity is irrelevant to their profitability.

>>1193293
what happens if the price of btc does not react to halving the rewards? will the miners start prioritizing paying transactions more or a lot of them will go bankrupt and drop out?

>>1193298
>there is no real limit to where they can scale their little numbers that only exist on their servers.

That's not really true though, at least, not as long as they allow you to withdraw the BTC you're allotted... if they allow you to withdraw, then you just use/spend the currency. Beyond that, it's not like it's possible at this point to spoof BTC; they're having to actually hash in order to generate the BTC that they then hand out to members.

Again, it could all be a Ponzi scheme, no doubt, but the concept is a solid one, so long as consumers can trust the pool owners to give them their share of the BTC their hash tools actually produce.

>>1193320
They aren't that shady from the inside.

>>1193334
That's p. cool then. So would you say it's been worth it for you? How long have you been a member?

>>1193343
I've paid 200USD for this hash power and earnt 60back in a month. So it's great.

>>1193354
>i just lost $140 in a month
>it's been great

Hallod, skypodat megadod?

>>1193362
Are you serious? It's a two year contract. We are talking about it's first month. I just ... what

>>1193363
Nem

>>1193441
i'm just saying how it looks to me right now. we can discuss it in 2 years how it looks then.