Invest in Cryptocurrencies a path out of poverty...

[Troll]

@kermit

never been interested but this mining is making GPUs very expensive. explain to me like a 2 year old how mining works. and how you can use networked comps to do it

Me: I won’t invest in shady investment

Inner me: Invest and get rich

[sani]

unaweza tumia bitcoins kununua unga ama kulipa rent? wacheni upuzi,

[Troll]

@sani

unaweza tumia bitcoins kununua unga ama kulipa rent? [SIZE=7]wacheni upuzi= Acheni Upuuzi,[/SIZE]

[kingsolomonn2016]

i bought on mondy last week… iv made 3 k already.

want to buy 1 eth but still nervous…
i started with 10k last weekddespite my fear but iv done alot of research and this is the 3rd wave of the internet.

my goal like you is 1 BTC

[kingsolomonn2016]

@MortyTuumbo

Back in 2010 when i was in highschool i first started hearing about bitcoin and didn’t care much about it until the 3 years when i was offered for 10 bitcoins to try it out at a tech fair. Ignored the offer because at the time there was nothing you could purchase with the coins well expect drugs and prostitutes and weapons on the Silk Road.

Skip forward to today Bitcoin is now selling at 5,000+ if i had taken those 10 coins i would have $50,000 dollars today. But that’s not the issue you can invest in Bitcoin in small increments and get still make money but the goal for that is for you to OWN ONE BITCOIN.

If you want to make money longterm then i advise you to invest in other cryptocurrencies like Litecoin, NEO, Monero, etc. List of coins. These coins are slowly rising in value and by next year some of them will be growing faster than Bitcoin.

How will this help you escape poverty? Governments totally hate this cryptocurrency wave and in china the government tried and failed in blocking blockchain technology. This is the algorithms that churn out bitcoins after they’re mined from computer CPU’s and GPU’s… Anyway Bitcoin and Altcoins are seen as threats because you can virtually not pay for taxes unless you choose to convert them into money.

So from your weekly paycheck or monthly salary invest any amount percentage should be %50 bitcoin and %40 altcoins or whatever you decide suits you best.

Lastly remember this is not a get quick rich scheme it’s a long term game that will make you a shit load of money or make you poorer, it depends how you play the game. High risk and High rewards.

Things you’ll need to start

A cryptocurrency buying site that works in Kenya which you can buy altcoins.

A cryptowallet

A crypto portfolio management site that will track your earnings

And keep track make your own books.

Whats your view on bitconnect

[Bakayaro]

@denis young

Everybody goes through a phase of denial thinking cryptos are quails. But the worldwide application is very real especially the blockchain technology.
My advice is go for currencies with a strong user community.
I recently had some litecoin peanuts that I deposited into my 1xbet betting account. It came in at 76 shillings. Made a risky bet and got 230+ shillings. I can easily withdraw this.
I also withdrew some 200SBD 2 days ago I had received as payment. Exchanged that for bitcoin and sold it via localbitcoins and made an extra profit. I made 22k from that. I will be getting another 200 on thursday.

Blockchain will unleash some interesting applications and innovations over the next 5yrs. Not sure if anyone hear has heard of ICOs…

[MortyTuumbo]

@kermit

never been interested but this mining is making GPUs very expensive. explain to me like a 2 year old how mining works. and how you can use networked comps to do it

Indeed it is but that’s because the GPU market is controlled by Nvidia and AMD and that makes it very lucrative and terrible at the same time.

So mining works by using the CPU and GPU in powerful computers by using a algorithm which you download will allow you to mine bitcoin. The more powerful the GPU is the more hashrate you have which just means how quick it takes the computer in solving the blockchain puzzle.

If you started mining from your home it won’t be profitable because your electricity costs will soar up and that a negative gain. Seeing that you’ll be earning just $1.50 to $2.00 a day depending on how powerful the GPU and CPU is on the computer.

Large scale mining is very much profitable for now. This is the best option if you want to be a miner as it allows you to buy shares in a mining outfit and watch as the money rollings in as you buy more shares. The computing power of such outfits ranges in the pentahashes and China has the biggest mining outfit. The energy costs associated with these supercomputers will never work it Kenya as it would tap the grid dry.

I hope this was insightful.

[MortyTuumbo]

@kingsolomonn2016

Whats your view on bitconnect

I won’t touch it. I read its running a ponzi scheme.

I new to bitcoin but i have done extensive research…

[MortyTuumbo]

@kingsolomonn2016

i bought on mondy last week… iv made 3 k already.

want to buy 1 eth but still nervous…
i started with 10k last weekddespite my fear but iv done alot of research and this is the 3rd wave of the internet.

my goal like you is 1 BTC

Very good i hope we get into a nice dip so i can buy some more.

I’ve got one Etc coin and i’m just holding and growing it. I hear the price will jump before the end of the year.

I like litecoin the value has been jumping around but once it reaches $100 i’ll get a nice sum.

[1776]

@MortyTuumbo

I won’t touch it. I read its running a ponzi scheme.

I new to bitcoin but i have done extensive research…

Do you have the link to any story confirming this? I’d like to read up on it. The bitconnect bit.

[system]

@MortyTuumbo

Indeed it is but that’s because the GPU market is controlled by Nvidia and AMD and that makes it very lucrative and terrible at the same time.

So mining works by using the CPU and GPU in powerful computers by using a algorithm which you download will allow you to mine bitcoin. The more powerful the GPU is the more hashrate you have which just means how quick it takes the computer in solving the blockchain puzzle.

If you started mining from your home it won’t be profitable because your electricity costs will soar up and that a negative gain. Seeing that you’ll be earning just $1.50 to $2.00 a day depending on how powerful the GPU and CPU is on the computer.

Large scale mining is very much profitable for now. This is the best option if you want to be a miner as it allows you to buy shares in a mining outfit and watch as the money rollings in as you buy more shares. The computing power of such outfits ranges in the pentahashes and China has the biggest mining outfit. The energy costs associated with these supercomputers will never work it Kenya as it would tap the grid dry.

I hope this was insightful.

I’m a sysadmin. Can I use computers za mdosi ku mine?

[Legend14]

bitcoins is hard to know which is legit right now in kenya. currently kuna organizations zina pool pesa together to trade in bitcoins. however, investigate before going into one.

[MortyTuumbo]

@1776

Do you have the link to any story confirming this? I’d like to read up on it. The bitconnect bit.

I was told they’re using trading bots to inflate the prices… There have been several coins that have done what bitconnect has done and they’re took peoples money and disappeared.

I’m holding from investing in Bitconnect until early next year.

[MortyTuumbo]

@Legend14

bitcoins is hard to know which is legit right now in kenya. currently kuna organizations zina pool pesa together to trade in bitcoins. however, investigate before going into one.

Best option is start alone. With 2 other people it will be messy if you lose their money so you’re going to be vigilant.

Number rule in Bitcoin trading is SECURITY!!!
Never leave money on exchanges but in offline wallets.
And plan to purchase a hardware wallet where you can safely store your coins.

Second rule trade what you can afford.

[MortyTuumbo]

@Marketing 101

I’m a sysadmin. Can I use computers za mdosi ku mine?

mdosi ni nini??

[system]

@MortyTuumbo

mdosi ni nini??

Computers at job

[MortyTuumbo]

@Marketing 101

Computers at job

Whats the computer system? GPU power?

Maybe during closed office hours it might be possible but mining bitcoin won’t be profitable unless you have massive servers. Also mining is very energy intensive

Mining other coins like Ethereum could yield better results.

[system]

@MortyTuumbo

Whats the computer system? GPU power?

Maybe during closed office hours it might be possible but mining bitcoin won’t be profitable unless you have massive servers. Also mining is very energy intensive

Mining other coins like Ethereum could yield better results.

Those normal office i3s. Is there a software I can install? Stima sio shida. It’s basically free

[MortyTuumbo]

@Marketing 101

Those normal office i3s. Is there a software I can install? Stima sio shida. It’s basically free

Those are not powerful enough to do the job you’ll need something with an i7 chipsets.

Here’s a site you can use to see what you’ll need.

https://miner.nicehash.com

[kingsolomonn2016]

@MortyTuumbo

Best option is start alone. With 2 other people it will be messy if you lose their money so you’re going to be vigilant.

Number rule in Bitcoin trading is SECURITY!!!
Never leave money on exchanges but in offline wallets.
And plan to purchase a hardware wallet where you can safely store your coins.

Second rule trade what you can afford.

what is a hardware wallet?

what are your thoughts on bitcoin cash