PROFITABILITY OF BITCOIN MINERS by Ben Jonas https://padlet.com/benjonas222/BITCOINMINERS en-us 2021-06-03 10:33:21 UTC 2023-01-26 18:00:05 UTC hello@padlet.com PROFITABILITY OF BITCOIN MINERS, ARE THEY STILL PROFITABLE? benjonas222 https://padlet.com/benjonas222/BITCOINMINERS/wish/1582147462
Reddit's miner expert, praeluceo, on bitcoin mining:

Many individuals are still making a profit. Namely those who made smart hardware purchases and have access to free or inexpensive power.


  • If you're asking for currently commercially available hardware (I send X BTC to Joe from Bitcoin Talk/112bit/etc, and in <14 days receive hardware) your answer is no, because the exchange rate of Bitcoin to USD is too depressed. Your USD is currently more valuable being converted directly into BTC without the hardware investment.

  • If you're open to used miners, you may be able to purchase some already-ROI-d hardware from a miner on ebay, Craigslist, etc, who is selling their kit at or below the current ROI. This is still pretty challenging as the price continues to trend below $400, but not impossible.

  • If you're looking at a pre-order, I don't care if it advertises 1 Petahash for $1,000 with delivery by January 1st, it will never, ever, ever ROI, and likely won't deliver. Never pre-order.

  • If you're talking about hardware in general, including stuff that can't be purchased, then no they are not all unprofitable. Without the markup for consumers (controller on every hashing unit, fancy enclosures, inefficient cooling systems that prioritize dB over Gh, shipping, etc) the hardware can be created relatively inexpensively. Especially if you have access to a captive foundry and some decent ASIC designs.
]]> 2021-06-03 10:35:16 UTC https://padlet.com/benjonas222/BITCOINMINERS/wish/1582147462 A Complete Guide to Crypto Margin Trading on Okex benjonas222 https://padlet.com/benjonas222/BITCOINMINERS/wish/1668063918 OKEx is a global crypto exchange with a wide range of trading options and products. The exchange supports multiple digital assets and futures trading pairs, assisting users to optimize their crypto trades. The exchange constantly adapts to new trends across the crypto market. The aim of this platform is catering to customer trading needs. 

This OKEx review explains all aspects of the exchange comprehensively.


What is OKEx?

OKEx is a world-leading trading platform that offers advanced trading services. The exchange is based in Italy, Malta. The platform has facilitated more than 20 million users in more than 200 countries. OKEx is recognized as one of the safest exchanges that allows users to speculate more than 417 futures and spot markets. It is ranked among the top exchanges in the world based on its high trading volume. 

The platform is known to be safe as it features various strict security protocols to keep user funds and data secure. The platform has not experienced any cyber failure or hack since its development due to its security measures. Moreover, users’ funds are kept in a cold wallet which means in case of any cyber attack these wallets are kept safe because they are not accessible. 


OKEx Key Features

The major reason behind the popularity of OKEx exchange is that users of this platform have access to various unique financial tools and trading features. The exchange is considered a leading one-stop crypto trading platform that possesses features including:

  • Easy-to-use UI for both new and advanced traders
  • Offers support to bank transfers, credit/debit card purchases. 
  • Spot trading with high liquidity order-book and low spreads
  • Accept payments in fiat currencies such as USD, CNY, EUR, ARS, AUD and BGN
  • Supports more than 30 local crypto assets and fast transaction speed with 99.9% uptime.
  • Supports perpetual swap and futures markets to exchange crypto with leverage up to 10x 
  • Offers offline cold wallet services to protect user funds
  • An interactive mobile app that allows users to trade on the go anytime and anywhere
  • Engaging referral and affiliate program that provides impressive rewards for bringing in users to the exchange
  • Around the clock customer service and 100% customers satisfaction and retention rate


Verification & Limits

The process of registration and signing up is quite simple and easy on the OKEx exchange. The users are only required to provide a valid email address. Once you add your email address, verification will be sent to your email, enter that code, and get started. Note that users don’t have to upload identification (KYC) documentation until or unless the user intends to withdraw over 100 BTC in a 24-hour time. 

Once you are done registering with the exchange you can login via email and password. Like any credible exchange, OKEx also has a 2FA and SMS authentication for extra security. Although, users are required to set up and activate it manually. 


Depositing Funds

OKEx allows users to fund an account using crypto assets only. The two options available on OKEx to fund your new trading account:

  • Buy intended crypto assets with a credit or debit card on the website through Simplex or Koinal.
  • Transfer crypto assets from a hardware wallet or other exchanges.

Once the funds have arrived, users can start trading crypto on OKEx exchange. 


Supported Crypto Assets

OKEx exchange currently offers more than 246 crypto assets that are tradable on the exchange against USD, BTC, ETH, DAI, and OKB pairs. However, there are certain discounts on trading fees if the user opts to trade in exchange utility token OKB. Moreover, the exchange has recently introduced a buy-back strategy to gradually burn the 300 million circulating supply of OKB every 3 months. This strategy had a positive impact as it drives up the price of the token by reducing the supply amount. 


Supported Countries

As mentioned above OKEx is a global trading platform, users can access it from all over the globe apart from selective countries because of governmental restrictions. The countries that cannot access this trading exchange include:

  • Hong Kong
  • Cuba
  • Iran
  • North Korea
  • Sudan
  • Malaysia
  • Syria
  • United States (including all USA territories) 
  • Bangladesh
  • Bolivia
  • Ecuador 
  • Kyrgyzstan


Conclusion

OKEx is a robust and secure platform for individuals to trade digital currencies. The wide selection of crypto assets with margin, derivatives, futures, and options make it an ideal platform for the serious crypto traders. If you are also interested in using this exchange then you should have the information mentioned above in detail. 

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