Posted on 01/03/2021 3:48:21 PM PST by Presbyterian Reporter
I also have four miners with two Radeon R9380s GPUs each. I haven't put them to work in over a year now, but thinking of firing them back up, now that the price of ether is up.
I don't try to max out the hash rate, even so, I can only run two miners per circuit or all four will throw a breaker. Lol
What pool and which mining software do you use?
Transaction occurs in Bitcoin, just like it can occur in dollars, euros, pounds, yen.
Doesn't stay there. Instantly converted into preferred currency.
Every currency on earth fluctuated in value every hour of every day of the year, when compared to every other currency.
Additionally, you might not know that "Stable Coins" are pegged to the US dollar?
Let me guess, if someone asks you if the ferry ride was stable you replay "NO! The boat went up and down a 1/4 of an inch every few seconds!", or if they say the stock market was flat today, you reply "NO, several stock gyrated up and down several ticks!". I am using the commonly understood definition of the word STABLE, as is understood in the currency and financial markets, not your absurd undersanding.
You evidently fail to understand that if a contract that transacts at some point in the future for X number of Bitcoins, THERE IS NO INSTANT CONVERSION. Now most companies hedge future currency risk but the cost of those hedges for a WILD, UNSTABLE thing like Bitcoin is very, very expensive, making it impractical to do business in.
1. cut back on the expresso - and capitalization.
2. there is almost instant conversion.
It sounds as if you have never had personal experience in making a transaction conversion with crypto?
Have you? Did you make your transaction using Paypal, Square?
And while you wouldn’t dream of accepting crypto, many kinds of businesses do exactly that.
You can shop online and even buy cars. We are in the early stages.
Bitcoin is the tip of the iceberg on crypto. It is just one crypto.
A quick google indicates that instant conversion happens, as my own experience would indicate:
https://cryptounit.com/2020/04/09/how-can-businesses-accept-bitcoin/
................................................
Instant Conversion Capability
The most important of these innovations include the option of instant conversion at the time of purchase. Buyers are allowed to pay in Bitcoin by the merchants but the Bitcoin payment companies allow instant conversion to fiat as well, thus reducing the volatility aspect of the cryptocurrency. This is followed by many of the top crypto payment outlets including Bitcoin ATM cards and QR code-based payment services.
Businesses can also opt for an option that automatically converts crypto into fiat and deposits it directly into their accounts. So, if a person buys merchandise or services online with the help of Bitcoin, the seller may not have to be worry about any price fluctuation of Bitcoin as he is getting his required fiat amount directly into his/her account.
I spent decades in a career i the world of financial markets.
Now you are being absurd.
Once again from your reply, you appear to be CLUELESS how contracts that settle in the future work. You can’t convert squat until the funds have changed hands.
BS! Otherwise you would not give those childlike understanding responses.
At this point, having provided evidence and patiently explained I have experienced instant converstion from crypto to dollars, this is not longer about facts, but your own emotional ideas.
The conversion itself is instant.
Settlement in transferring the funds to the merchant happens after conversion. Different issue.
I wish you the best, but you are in denial, so this discussion seems pointless.
Sorry n00b, but you've demonstrated you just don't understand cryptocurrency.
I wish you well with your life.
Here, go get smart on what those of us who really do know this are area taking about when we use terms like "stable".
https://www.xpressmoney.com/blog/industry/the-most-stable-international-currencies-in-terms-of-exchange-rate/
What makes a currency stable? A stable currency is one that can successfully hold its unit of account or purchasing power over some time. At a basic level, a currency is stable when the international currency exchange rates do not fluctuate too much as against the Consumer Price Index (CPI). However, many domestic and global factors have an impact on how international currency performs. Economic policies, inflation, interest rate differentials, international trade, current account balance and capital flows have a direct effect on the value of the currency.
In a way, you could say that the performance of a currency is a good indicator of the economic health of a nation. Among the hundreds of currencies in the world, only a handful have been consistently stable.
You demonstrated you don’t understand English or basic financial terms/concepts.
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