bitcoin TerraHash Is A Scam?

South Korea justice ministry prepares to ban cryptocurrency trading, exchanges raided

http://www.reuters.com/article/us-southkorea-bitcoin-law/south-korea-justice-ministry-prepares-to-ban-cryptocurrency-trading-exchanges-raided-idUSKBN1F00B7
Wow, big move by SK.
Bitcoin currently down 10+%
submitted by gaboonzoom to investing [link] [comments]

Need expert opinion from expert miners

Very newbie but learning from reading and youtube and reddit.
Myself and my friend considering doing mining in Western Canada. I just checked my electric bill where I get charge 0.0849000 /kWh.
So question is at this time of stage where Bitcoin hit quite high and also other currencies are going up as well is it still good choice to do mining?
If yes, what kind of hardware do you suggest and what should we mine. For short and long term? What we are expecting in term of revenue?
I heard some S9 miners is good option but pre order has delay but if buy over ebay will cost double. I see some say pay high and start mining but if ore order and order 2 i stead one to get asap will that be a good choise?
Or should build one ourself?
Any guidance will be appreciated
Thank you
submitted by Seithji to BitcoinMining [link] [comments]

Bitcoin Hashrate Stabilizing Near 35 Exahash/s After 29 Percent Drop in Mining Difficulty

Bitcoin Hashrate Stabilizing Near 35 Exahash/s After 29 Percent Drop in Mining Difficulty

https://preview.redd.it/v4fhelfwby521.png?width=690&format=png&auto=webp&s=51d0d741515616618e7a201e5376a8d8abf1682d
https://cryptoiq.co/bitcoin-hashrate-stabilizing-near-35-exahash-s-after-29-percent-drop-in-mining-difficulty/
Bitcoin’s hashrate had been rising exponentially from 2009 through mid-2018, increasing through the megahash (M/H), gigahash (G/H), terrahash (T/H), petahash (P/H), and exahash (E/H) ranges. The hashrate first exceeded 60 EH/s in August 2018, and then the exponential increase gave way to stabilization.
In September and October 2018, the hashrate remained stable, averaging above 50 EH/s, simultaneous with the price of Bitcoin being stable near $6,500. Then the price of Bitcoin plummeted starting in mid-November to as low as $3,100 in December. The hashrate of Bitcoin collapsed to 32 EH/s during this market crash, implicitly indicating 20-30 EH/s being forced offline due to a lack of profitability, which represents billions of dollars of equipment.
However, the collapse in hashrate may be coming to an end, at least for now, due to the price of Bitcoin rising back to the $4,000 level combined with a 29 percent decrease in mining difficulty.

https://preview.redd.it/fn5itizzby521.png?width=512&format=png&auto=webp&s=8b65208f22986a6c5409d40255a20e805354d121
As can be seen in the chart, Bitcoin’s hashrate appears to have stabilized in December, breaking the trend of constant decline.
There are two factors that are bringing about stabilization. First off, the price of Bitcoin has stopped decreasing and has risen back to where it was at the beginning of December near $4,000. A stable Bitcoin price is a necessary ingredient for a stable hashrate.
More importantly, the mining difficulty of Bitcoin has dropped from 7.184 trillion to 5.106 trillion, a 29 percent decline, which makes Bitcoin mining 29 percent more profitable per unit of hashrate. As long as price does not continue to fall Bitcoin will find an equilbrium hashrate since difficulty adjusts downwards as miners turn off their rigs. The point at which the difficulty stops adjusting downwards is the equilibrium point, a steady state where the existing hashrate can profitably mine or break even without the loss of further hashrate.
Currently ,Bitcoin’s hash rate is near 36 EH/s, which would yield a 2.6 percent increase in difficulty if the difficulty re-adjustment happened now. This suggests that the equilibrium level for Bitcoin’s hashrate, at least at the current Bitcoin price of $4,000, is right around the current hashrate.
That being said, the price of Bitcoin going up or down can rapidly change the situation. If Bitcoin retraces back towards $3,000, then the hashrate is likely to fall further, and if it rallies strongly then the rigs that were turned off would quickly be switched on again.
The fact that there are 20-30 EH/s of rigs shutoff makes the future a bit gloomy for Bitcoin miners, since increases in Bitcoin’s price will not lead to higher profits for miners until all of those rigs are switched back on.
There used to be a lag effect between Bitcoin’s price rise and the switching on of new rigs, which allowed miners to make bigger profits before difficulty adjusted upwards. Until the hashrate exceeds 60 EH/s, the time it takes to switch on the dormant rigs will be instant, whereas before miners had to wait weeks or months to order rigs and then switch them on. Based on the data, Bitcoin would probably have to be at $7,000 or higher before Bitcoin miners start seeing increased profit margins.
Looking at the broader picture though, it is certainly good news that the Bitcoin mining hashrate has stopped going down since this means Bitcoin will continue to be extremely secure and decentralized. A rapidly dwindling hashrate would make Bitcoin less secure and more centralized, two factors that would threaten Bitcoin’s reputation.
submitted by turtlecane to Bitcoin [link] [comments]

Crypterra Works, Not a scam (Invested over 6k)

If you're thinking about investing into cloud mining, the two frontrunners that you will likely hear first are Genesis Mining and Hashflare. Unfortunately for you, the investor, Genesis mining is currently out of many contracts and Hashflare has recently raised their pricing to $220 USD per TerraHash (1/TH). These recent developments in the fast changing world of Cryptocurrency cloud mining have left a void to be filled. Introducing the new guy...
Crypterra Cloud mining is a Hong Kong based cloud mining company founded in the Summer of 2017. They currently at the time of writing have only 113,000 investors using their cloud mining product. Why is this a good thing? Well, it's simple, they need more investors. To gain investors in a highly competitive cloud mining field dominated by a few key players, Crypterra has some highly attractive features:
Lowest Costing Cloud Mining Contract available anywhere 2-year contract length Low $10 Minimum Withdrawal No maintenance fee (limited time)
Just to compare, 1 TerraHash (1/TH) of mining power on Crypterra costs $128.00 USD The other guys in the cloud mining game for the same 1 TerraHash (1/TH) contract
Hashflare 220.00 USD Genesis Mining 179.00 USD
Crypterra is simply the better option right now, it is cheaper, you will get a faster return on investment, and it has little to no fees. Personally I bought two 30,000 G/h contracts for a total of 60 T/h of mining power. I also bought an 80 mg/s Ethereum contract to diversify a little bit. I have had no trouble withdrawing to my Coinbase wallet and am currently slated to receive a full return on investment (around $6000 total) in a mere 41 days.
Bitcoin and other cryptocurrency's are poised to set new highs in 2018, you don't want to miss the trend. Get in now before prices will inevitably be raised. If you have any questions at all, please feel free to private message me and I will assist as best as I can. All I ask is that if you chose to invest, sign up with my link below as it will help us both out.
https://crypterra.net/?code=CR10643
Also, current New Years sale has been extended until January 30. This will save you big money...use code XMAS30BTC for 30% off.
Good Luck, Enjoy the ride to financial freedom.
submitted by BryceBuysCrypto to Crypterra [link] [comments]

Crypterra Cloud Mining...The new guy on the block

If you're thinking about investing into cloud mining, the two frontrunners that you will likely hear first are Genesis Mining and Hashflare. Unfortunately for you, the investor, Genesis mining is currently out of many contracts and Hashflare has recently raised their pricing to $220 USD per TerraHash (1/TH). These recent developments in the fast changing world of Cryptocurrency cloud mining have left a void to be filled. Introducing the new guy...
Crypterra Cloud mining is a Hong Kong based cloud mining company founded in the Summer of 2017. They currently at the time of writing have only 113,000 investors using their cloud mining product. Why is this a good thing? Well, it's simple, they need more investors. To gain investors in a highly competitive cloud mining field dominated by a few key players, Crypterra has some highly attractive features:
Lowest Costing Cloud Mining Contract available anywhere
2-year contract length
Low $10 Minimum Withdrawal
No maintenance fee (limited time)
Just to compare, 1 TerraHash (1/TH) of mining power on Crypterra costs $128.00 USD
The other guys in the cloud mining game for the same 1 TerraHash (1/TH) contract
Hashflare 220.00 USD Genesis Mining 179.00 USD
Crypterra is simply the better option right now, it is cheaper, you will get a faster return on investment, and it has little to no fees.
Personally I bought two 30,000 G/h contracts for a total of 60 T/h of mining power. I also bought an 80 mg/s Ethereum contract to diversify a little bit. I have had no trouble withdrawing to my Coinbase wallet and am currently slated to receive a full return on investment (around $6000 total) in a mere 41 days. Bitcoin and other cryptocurrency's are poised to set new highs in 2018, you don't want to miss the trend. Get in now before prices will inevitably be raised. If you have any questions at all, please feel free to private message me and I will assist as best as I can. All I ask is that if you chose to invest, sign up with my link below as it will help us both out.
https://crypterra.net/?code=CR10643
Also, current New Years sale has been extended until January 30. This will save you big money...use code XMAS30BTC for 30% off.
Good Luck, Enjoy the ride to financial freedom.
submitted by BryceBuysCrypto to cexio [link] [comments]

Crypterra Cloud Mining...The new guy on the block

If you're thinking about investing into cloud mining, the two frontrunners that you will likely hear first are Genesis Mining and Hashflare. Unfortunately for you, the investor, Genesis mining is currently out of many contracts and Hashflare has recently raised their pricing to $220 USD per TerraHash (1/TH). These recent developments in the fast changing world of Cryptocurrency cloud mining have left a void to be filled. Introducing the new guy...
Crypterra Cloud mining is a Hong Kong based cloud mining company founded in the Summer of 2017. They currently at the time of writing have only 113,000 investors using their cloud mining product. Why is this a good thing? Well, it's simple, they need more investors. To gain investors in a highly competitive cloud mining field dominated by a few key players, Crypterra has some highly attractive features:
Lowest Costing Cloud Mining Contract available anywhere
2-year contract length
Low $10 Minimum Withdrawal
No maintenance fee (limited time)
Just to compare, 1 TerraHash (1/TH) of mining power on Crypterra costs $128.00 USD
The other guys in the cloud mining game for the same 1 TerraHash (1/TH) contract
Hashflare 220.00 USD Genesis Mining 179.00 USD
Crypterra is simply the better option right now, it is cheaper, you will get a faster return on investment, and it has little to no fees. Personally I bought two 30,000 G/h contracts for a total of 60 T/h of mining power. I also bought an 80 mg/s Ethereum contract to diversify a little bit. I have had no trouble withdrawing to my Coinbase wallet and am currently slated to receive a full return on investment (around $6000 total) in a mere 41 days.
Bitcoin and other cryptocurrency's are poised to set new highs in 2018, you don't want to miss the trend. Get in now before prices will inevitably be raised. If you have any questions at all, please feel free to private message me and I will assist as best as I can. All I ask is that if you chose to invest, sign up with my link below as it will help us both out.
https://crypterra.net/?code=CR10643
Also, current New Years sale has been extended until January 30. This will save you big money...use code XMAS30BTC for 30% off.
Good Luck, Enjoy the ride to financial freedom.
submitted by BryceBuysCrypto to Crypterra [link] [comments]

Crypterra Cloud Mining...The new guy on the block

If you're thinking about investing into cloud mining, the two frontrunners that you will likely hear first are Genesis Mining and Hashflare. Unfortunately for you, the investor, Genesis mining is currently out of many contracts and Hashflare has recently raised their pricing to $220 USD per TerraHash (1/TH). These recent developments in the fast changing world of Cryptocurrency cloud mining have left a void to be filled. Introducing the new guy...
Crypterra Cloud mining is a Hong Kong based cloud mining company founded in the Summer of 2017. They currently at the time of writing have only 113,000 investors using their cloud mining product. Why is this a good thing? Well, it's simple, they need more investors. To gain investors in a highly competitive cloud mining field dominated by a few key players, Crypterra has some highly attractive features:
Lowest Costing Cloud Mining Contract available anywhere 2-year contract length Low $10 Minimum Withdrawal No maintenance fee (limited time)
Just to compare, 1 TerraHash (1/TH) of mining power on Crypterra costs $128.00 USD
The other guys in the cloud mining game for the same 1 TerraHash (1/TH) contract
Hashflare 220.00 USD Genesis Mining 179.00 USD
Crypterra is simply the better option right now, it is cheaper, you will get a faster return on investment, and it has little to no fees. Personally I bought two 30,000 G/h contracts for a total of 60 T/h of mining power. I also bought an 80 mg/s Ethereum contract to diversify a little bit. I have had no trouble withdrawing to my Coinbase wallet and am currently slated to receive a full return on investment (around $6000 total) in a mere 41 days.
Bitcoin and other cryptocurrency's are poised to set new highs in 2018, you don't want to miss the trend. Get in now before prices will inevitably be raised. If you have any questions at all, please feel free to private message me and I will assist as best as I can. All I ask is that if you chose to invest, sign up with my link below as it will help us both out.
https://crypterra.net/?code=CR10643
Also, current New Years sale has been extended until January 30. This will save you big money...use code XMAS30BTC for 30% off.
Good Luck, Enjoy the ride to financial freedom.
submitted by BryceBuysCrypto to icocrypto [link] [comments]

Mining as a Service, Interested?

Den Computers is looking at offering MaaS and we are wondering who might be interested.
I would be using TerraHash equipment and plan for an August start, depending on how soon we can acquire the hardware. We are currently not taking orders but we are interested in seeing who would want this kind of service. The plan would be to have competitive prices, starting with a pre-order price of a 12 month 1 GH/sec contract for $100 cnd. Accepting both bitcoin and paypal. Payouts would be made on the 15'th and 30'th of each month. We are not planning to have a huge operation, only about two dozen users or so. Den Computers is a registered business operating in BC since 2005 providing onsite network support and hosting several businesses and online gaming communities.
Let me know what you guys think. Feel free to ask questions.
Edit: To stir initial investment in this project and get some pre-orders. I have decided that pre-ordered 1 g/Hash Contracts would be $100 cnd in price and 18 months in length. I would guarantee a start date, but the exact date will be determined after I speak with the hardware vendors.
submitted by DenComputers to Bitcoin [link] [comments]

[WTS] TERRA HASH - DX Mini 18GHs - Complete Kit - PRE-ORDER

I'm selling my PRE-ORDER of TERRAHASH:
Order #1071 - DX-Mini 18GHs Complete Kit [enclosure, PSU, fan, software] - 4 x Klondike16 boards Price: $2,790
PRE-ORDER was paid with the option "TerraHash Hosting" : https://terrahash.com/hosting/
Estimated delivery "August 15": https://terrahash.com/estimated-delivery-dates/
My background:
Ebay - ezisdog (32) - 100% - since 12.20.2002 : http://myworld.ebay.com/ezisdog
Payment methods: _ Bitcoins _ Bank Transfer SEPA (EU only)
Any question please feel free to email me to ezisdog|at|gmail.com or PM.
Thanks!
EDIT JULY, 29th: This sell is CLOSED. More info search on ebay. Thank you.
submitted by ezisdog to BitMarket [link] [comments]

Up to 25 TerraHash in Swiss Gold Global Bitcoin Mining Power How to make money from Bitcoin? - YouTube Bitcoin Mining Profits - YouTube Bitcoin Mining 2019 - Should We Mine Bitcoin? - YouTube 5GHs Bitcoin mining rig - YouTube

What’s interesting here is that the hashrate continues to increase, definitely related to the current #bitcoin price – older machines are profitable again.” Consequently, Torre said the hash rate of the Bitcoin network would likely continue to increase. The difficulty to mine BTC is lower than in previous weeks, and the price of BTC is above $11,000. He noted: “Difficulty is now lower ... Category Archives: bitcoin TerraHash Responds To Questions After Declaring Bankruptcy. 29 Sunday Sep 2013. Posted by terrahashisascam in bitcoin, Scam Accusations, TerraHash Reviews, TerraHash.com Sucks ≈ 1 Comment. Tags. bankruptcy, bitcoin, reviews, scam, terrahash. Some points to consider before accusing us of scam: 1. We stopped taking orders as soon as we had enough orders to account ... The price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around ... Bitcoin Price Models Various price models for Bitcoin. Bitcoin NVT Ratio Bitcoin's PE ratio. Detects when Bitcoin is overvalued or undervalued. Bitcoin NVT Signal NVT Ratio optimised to be more responsive, useful as a long-range trading indicator. Bitcoin VWAP Ratio A useful signal for local and global market tops and bottoms using volume weighted average price. Bitcoin RVT Ratio A variation ... Futures Traders Aren’t as Bullish This Time Around as Bitcoin Price Revisits $12,000, Data Indicates. Zack Voell Oct 21, 2020. Bitcoin 24h $ 12,869.24-1.49%. Bitcoin 24h $ 12,869.24-194.03-1.49% ...

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Up to 25 TerraHash in Swiss Gold Global Bitcoin Mining Power

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