Stats: 3,188,931 members, 7,935,948 topics. Date: Friday, 30 August 2024 at 07:35 PM |
Nairaland Forum / Nairaland / General / Investment / Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One (41966 Views)
Learn How To Make Much Money Online And Detect Misleading Platforms / Unsecured Loans In Nigeria: Share Your Experience / How I Was Scammed By Instaforex Broker Of $3600 (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (26) (Reply) (Go Down)
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Bitcoinbeer: 1:52pm On Jul 04, 2019 |
adelekefam: Actually he might have antminer. He should show it. 1 Like |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by williamsuc: 1:52pm On Jul 04, 2019 |
Balanciego: Hmmm u know ur stuff ooo Am stil learning how to detect a fake buy nd sell candle on binance, pls help 1 Like |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Bitcoinbeer: 2:43pm On Jul 04, 2019 |
By this time last year. I was raking in hundreds of dollars from bitcoin mining in China. |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Olgasmith: 2:59pm On Jul 04, 2019 |
Soul47:I have heard of script on miners... What I'm saying is that you claiming you mine 5$ daily is not feasible. Did u include electricity too. Also I have checked on YouTube and it's not exactly what u said here. |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by adelekefam: 3:14pm On Jul 04, 2019 |
Bitcoinbeer:Raker what now happened this year?? 2 Likes |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Nkemzy8: 4:18pm On Jul 04, 2019 |
Soul47:Lol bros abeg easy oooo We knw say country hard U are not earning anything I know someone who owns a bitcoin farm in ghana, i have been begging him to let me invest since 5years now he refused ooo, my point is that if anyone owns a bitcoin farm. He wouldnt want to let anyone in aince hes making mad money not unless the person wan. Help the poor shaa, me now na normal bitcoin buying and selling i dey do, buy low. Nd sell high, still beneficial 1 Like |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Nkemzy8: 4:20pm On Jul 04, 2019 |
Nkemzy8:Everything about bitcoin and cryptocurrency is beneficial only if you are fortunate to meet the right people and not all these yahoo boiz nd girlz |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 4:48pm On Jul 04, 2019 |
Nkemzy8:now u get the perspective. Most legitimate ways of bitcoin are hardly revealed. I have revealed some ways to make it in cryptocurrency here and I urge readers to seek more knowledge and secure their future. 2 Likes |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Olgasmith: 9:23pm On Jul 04, 2019 |
Is anybody creating the whatsapp group |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by williamsuc: 7:10am On Jul 05, 2019 |
Olgasmith:Do we have cryptocurrency experts willing to teach us all we need to know free of charge? Its not all about creating group 1 Like |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Soul47(m): 8:38am On Jul 05, 2019 |
Bitcoin mining is the backbone of the Bitcoin network. Miners provide security and confirm Bitcoin transactions. Without Bitcoin miners, the network would be attacked and dysfunctional. Bitcoin mining is done by specialized computers. The role of miners is to secure the network and to process every Bitcoin transaction. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin’s famous “blockchain”). For this service, miners are rewarded with newly-created Bitcoins and transaction fees. #Copied_ from Buybitcoinworlwide.com HOW IT WORKS Bitcoin is the most valuable cryptocurrency. Bitcoin mining can be sub divided into two sections, the ‘PROOF OF WORK’ (POW) (which we would focus) and ‘PROOF OF STAKE’(POS) To verify these transactions, miners need to solve mathematical problems, which become increasingly more difficult the more miners there are. The more complex the cryptography problems, the more computational power needed to solve them. Bitcoin, and pretty much every other notable cryptocurrency available, relies on miners to handle the transactions done in their respective blockchains. In POW: You buy a Bitcoin mining device; ASIC miner (Application Specific Integrated Circuit miner) and run it for a long period of time daily (possibly 20hours or more). Any device which is not ASIC will not yield you much profit in the long run when you factor electricity cost, so best advice is to go for devices specially designed to mine crypto. As long as the device is functional you the owner of the miner will be rewarded for running the device. Now the reward is relative to the hash rate your device provides to the mining pool you join. The mining device I use is AntMiner S9 which cost about 250k. AntMiner S9 runs at the rate of 14TeraHash per second (14th/s). Last year with this device you get Bitcoin value of $12 daily but due to the increasing difficulty of Bitcoin mining you get barely $5 daily at the moment (including electricity cost). It's not a bad idea investing in this machine if you can afford them in their number. Imagine you buy 4 or 5 of this machine, you get $20 -$25 daily or a little more above it cause this is just an estimate. AntMiner S9 is not the only ASIC miners for Bitcoin, there are other more profitable ones though on the higher side; example AntMiner T15 (23th/s), with this you get about $8 daily. Another Bitcoin miner is AnyMiner S17 (50th/s), with this you get $17 daily. There are other companies that produce Mining hardware, AntMiners are produced by Bitmain company, other mining hardware are Dragonmint, Innosilicon, Whatsminer, etc. I haven't used any other one except the AntMiner so can't say much about them but you can always research using Google. As for how to get them, you can use Amazon or AliExpress to order them directly from wherever place you are, and pay with your MasterCard and await it's arrival. I believe I have explained how the mining works and it's profitability. HOW TO SETUP YOUR MINER When you get the miner; let's assume it's AntMiner S9, it will come with the miner itself and the Power suply. The power supply is just a small Machine that has 13 cables. Either you use the manual to set it up or watch YouTube videos on how to do it but it's simple. Just connect each cable to the opening on the top of the miner. When you look at the top of the miner you will see those opening, so place the wires there but make sure it goes all the way down, that is, firm. After that, you will need a router with subscription and good network cause the miner needs to be connected online always to report your miners progress. But it doesn't suck up data the way our smartphones do. Routers come with Ethernet cable, so connect the ethernet cable from the router to the front of the miner. Switch on the miner and router and see the magic. The miner makes small noise, but you can live with it. After switching on the miner, give it like 5 minutes to boot properly. How to know the miner is done booting is if the green light close to the 'NORMAL' inscription in front of the miner starts blinking intermittently. If not, give it more Time. But if the RED one starts blinking, then something is wrong, either those cables are not well connected or no data or service in the router. When the miner is running fine, for the first time it won't be mining into your account, so you need to setup the configuration. For the internal configuration, I will be brief here cause I believe a YouTube video will be a better guide here. Create an account with a mining pool, prefarably SLUSHPOOL or ANTPOOL. There are other pools you can look up. But know that you don't pay to join a pool. After creating a pool, you will get the pool url, use any IP Locator app on your system to get your miner IP address. How to do this it, connect your laptop to the wifi of the router, install the IP locator app in your PC, run the app and hold the IP locator button on the miner then the IP will appear on the PC. Now put the IP in the url box of your browser, it will request for a username and password, they are root, root. When you access the miner page, go to miner configuration, you will see pool 1, pool 2, pool 3, so for pool 1, for url, use the url from your mining pool. For username, put any name you like. For password, type anything but make sure it's not blank. For pool 2 and 3, either you use url address of other pools you have account with or just leave all boxes empty so only pool one will be active (alive). Click apply and give the miner about 5 minutes to reboot and apply those changes and see what will happen. After the reboot, as soon as the miner is running normally once again(ie. The normal light is blinking) login to your pool, you will see you have one worker online. That's it. Again you can login to your miner page and click on Miner status to see what's going on there. I don't know if there is anything I missed, you can ask questions or do your research. My advice is that you factor the miner, router and electricity cost and see how profitable it will be for you before venturing into it. After testing the script that will increase the miners hashrate by 5; thereby increasing profitability, if positive I will inform the house. All the best. Have a nice day. 13 Likes 1 Share |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Soul47(m): 8:44am On Jul 05, 2019 |
Was offline for a while, ROTD 3 Brought me back. I just read funny things here, someone said I earn nothing, the other is asking for a proof. After showing the proof what next, you will dash me your money or what ![]() Is that the attitude that will make someone share his secrets ![]() For the guy that have heard of scripting, that means it's really right? Why don't you get someone to do it for you then? It's rare, plus those things come from Darkweb and you know how things go down there, especially if you are a newbie. Am not here to brag. And please, am not selling anything online, never will. We are all here to learn and share knowledge. Period. I guess I will stop here. 4 Likes |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Soul47(m): 8:47am On Jul 05, 2019 |
Olgasmith: I didn't include electricity cost, it's cheap and almost steady here. And that is without the script. Am using SlushPool and they find many blocks daily that's why. 3 weeks ago it was about $3.4 till the increase of btc recently. |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Olgasmith: 4:49pm On Jul 05, 2019 |
Soul47:if you are adding cost of power. Then you don't actually have antminer rather you are using a pool that was made public. How long will u stay and break even? Lol |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by williamsuc: 5:03pm On Jul 05, 2019 |
Olgasmith: Pool mining things Alwys a scam They will park up nd leave when they feel like How can dat guy say he forgot to include electricity cost, was he mining with firewood,lmao 1 Like |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 5:23pm On Jul 05, 2019 |
Soul47:You should know that this is online forum. everyone is entitled to speak. You said some things which aren't coherent and I never wanted to argue it with you. I'm looking at your proposal from economic perspective and I don't see much value in it. I know much about slushpool. it was the first public mining pool. now you said you have antminer? And you earn 5$ from it? I did slushpool years ago and you mentioning it makes me wanna relay an experience I had. Goodluck in your pieces of meat. Get something real and hit it big once. |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by chuksmad(m): 6:05pm On Jul 05, 2019 |
When I was new in crypto world, that was 2017, I was scammed by one bad guy that brought a coin called adcash, he offered free 100 coins before lured us in to buy more, promising that in a year time, we shall all smile. Lo and behold the current value of the coin is almost zero. Infact you can not see buyer. Another scam I experienced is TBC (the billion coin), those guys are terrible and some people still believe in them. As I said, those were the early days of being in crypto. Now nobody can scam me in anything crypto, unless BTC itself crashed, which I don;t think is possible. 5 Likes |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Nkemzy8: 6:24pm On Jul 05, 2019 |
chuksmad:Thats a sad sad experience bro Am happy uve wisened up Before i invest in anything online i always consult my mentor, hes from US nd has been into. Crypto for years, he has worked with macafee and hitekar on crpto projects, i always follow his lead thats why i never fall for cheap. Nigerian scam 1 Like |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Olgasmith: 6:32pm On Jul 05, 2019 |
chuksmad:Nowadays Ethereum blockchain has made easy for anyone to launch a coin. Now ICO is dead and smart work is what is now needed in cryptocurrency, No junkie can come launch any coin or project. I pity TBC followers. The way Efcc is parading Swissgold owner is the same they will get caught up. 1 Like 1 Share |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Nkemzy8: 8:26pm On Jul 05, 2019 |
[quote author=Olgasmith post=79974861]Nowadays Ethereum blockchain has made easy for anyone to launch a coin. Now ICO is dead and smart work is what is now needed in cryptocurrency, No junkie can come launch any coin or project. I pity TBC followers. The way Efcc is parading Swissgold owner is the same they will get caught up. [/quote Lmao the guy own worse ooo, he even get mind open office, come finally carry basket park money like fish, ico is ded, any coin apart from bitcoin, ethereum and ripple (xrp) am not part of it, they are all scam coins, pump nd dump, 1 Like |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Olgasmith: 8:50pm On Jul 05, 2019 |
[quote author=Nkemzy8 post=79977817][/quote] Lols...u sabi the way.... Anything apart from bitcoin no dy serious |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Soul47(m): 8:57pm On Jul 05, 2019 |
Balanciego: Thanks for your response... It really put a lot of things in perspective. Things change and I wouldn't argue with you till you go back into it and confirm for yourself. I would like to know the experience you had with SlushPool back then so I would be more careful. It may be pieces of meat now but am hopeful for something big soon, and am not Tryna gamble. Would love to learn the crypto trading you talked about if only you can break it down a little for us here as you promised so we wouldn't loose much when we go into it. I also want to say it's nice you created this thread and there are lots of people who want to learn the stuff you got. 1 Like |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Soul47(m): 9:05pm On Jul 05, 2019 |
Olgasmith: Please what do you mean by pool made public? I connect my miner to a pool, each time a block is found am credited hundreds of thousands of satoshis based on my hashrate at the time the block was found. I don't claim to know much but could I be wrong in that? And the fact you keep saying I don't have antminer... I don't even know, maybe God credits me in Bitcoin and I withdraw through luno. The guy who created this thread have made me understand that this is a public forum so anybody can say anything. For the guy who asked if I mine with firewood... I don't. I use local whiskey to produce cheap electricity, read it up on Google. You just need to know your positives and negatives to not create C4. Lol. Cheap and almost steady electricity where I stay is not something I should factor all the time. That's why I didn't include it. But in my post I urged whoever reading it to consider that. 2 Likes |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by deewon56: 9:06pm On Jul 05, 2019 |
Balanciego:good but can you please help with the teaching how you earn 200$ per day here for newbies on this group not need of sending pm Thanks hope to hear your feedback 2 Likes |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by tosyne2much(m): 10:06pm On Jul 05, 2019 |
Soul47:You can try using Remitano.. Been using it for about two years and it's legit 1 Like |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 6:49am On Jul 06, 2019 |
deewon56:sure that is why I opened it here. I will explained the basics that can spur anyone to his own path. keep following. Making money in cryptocurrency requires skill and patience as well as networking. |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 6:51am On Jul 06, 2019 |
tosyne2much:Remitano is good but escrow groups is the best considering that remitano buy bitcoin from those groups. I know some Remitano guys that request for Bitcoin daily 1 Like |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Nkemzy8: 7:02am On Jul 06, 2019 |
Balanciego:Escrow groups arw good to if u find a legit one, so many scam groups in play ds days |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Balanciego(m): 7:25am On Jul 06, 2019 |
Soul47:You are welcome. I believe process would have changed. Businesses have to be creative in order to remain competitive. My experience was one I wouldnt like to say here as a result of names to be mentioned. Gambling in cryptocurrency is for noobs and trust me, crypto has gambling options. lol. Sure I will teach the trading here. Just trying to find a suitable time where I can unleash everything here. Man has attention seeking teething crypto colleagues 2 Likes |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by tosyne2much(m): 7:50am On Jul 06, 2019 |
Balanciego:Escrow groups can be dangerous.. Scamming is inevitable |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Nkemzy8: 9:10am On Jul 06, 2019 |
tosyne2much:Exactly, protect ur money at all cost, wen u loose it village is inevitable... Lmao |
Re: Have You Been Crypto Scammed. Share Your Experience And Learn How To Detect One by Miarose: 9:21am On Jul 06, 2019 |
I really need training on this. I don't mind paying.. I find it so difficult to understand despite watching a lot of videos. Balanciego: |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (26) (Reply)
Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema / Charles Ponzi: The First Man To Run A Ponzi Scheme / MMM Crash: Over 3million Nigerians Lose Over N18.765billion
Viewing this topic: 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 81 |