The other day I found my hardware crypto wallet that I lost several years in the mess that is my bedroom. To my surprise its contents have grown by several hundred quid and I therefore decided to invest monthly into Bitcoin and Ethereum. I kind of want to turn every source of my income into invest.
And so I went to Coinbase, the place I last bought crypto and saw this shit…
Bitcoin I get, it was the first on the block, and Ethereum has the second largest market cap, and actually promises more, but SHIBA INU is just a meme. WTF? Is Bonk?
I have also encountered this commercial on X today.
Insomniac Resurrected 
Now that I think about it, I should’ve just buy an ASIC and mine BTC directly. If I did that, there wouldn’t even be a problem and I’d make way more. But no, I had to spend massive bucks…first bought an old ass ASUS desktop but with GTX 1070 back in 2020, then I bought a brand new one with RTX 3090 as ETH increased difficulty. Then Vitaly Buterin had to stop the mining and turned ETH into staking only.
I wish I could be like “fuck doge, fuck shib, don’t trust ETH. Stick to BTC only”. If I could do that, I’d be a rich mother fucker by now and who knows? I may had made my way out and probably come to smoke a joint with you in Czechia.
LikeLiked by 1 person
I am mostly conservative, I buy and hold Bitcoin but I recently tried to buy and stake some ETH. I still don’t get it. I am staking it on Coinbase as I already had a profile there but I don’t know how to convert it back into ETH. I also kind of don’t like the fees for transfer of ETH. Nevertheless, I am basically discovering both BTC and ETH possibilities.
LikeLiked by 1 person
Personally I never tried staking. I was really big on mining back in 2020 and 2021, but ever since Vitaly made mining ETH impossible, I kinda hopped to ETC (Ethereum Classic) as I was still able to mine it, but as I didn’t really make much profits, I also stopped somewhere last year too and kinda just taking a break from the whole deal. Now I have 200 bucks worth of Cardano and I treat it as a more longer term investment. I’m not sure how much it’ll rise up, but we’ll see. Worst comes to worst, once I clear off all my debts, I’ll just have to buy an ASIC and finally start my BTC mining operation.
LikeLiked by 1 person
I would mine bitcoin if my brother would be up for it. He would invest in the gear and I would manage it. But somehow I do not want to invest in the gear, I would rather invest in stocks.
LikeLiked by 1 person
Each has its good and each has its bad. You don’t seem to be one of those who just rent a room, which means you have to pay for electricity, which can be high if you mine. Also, if you do happen to rent your place but your landlord is being asshole, he may charge you shit tons on electricity and may even guilt trip you into paying extra too.
LikeLiked by 1 person
I get it, I have space to put the gear, either in my brother’s room that is vacant or in a remote part of the basement, although there is a risk of flooding there during torrential rains. But if my provider sees I consume too much electricity, he will increase my tariff. So the mining operation better be making some cash.
LikeLiked by 1 person
Precisely. It’s wise to calculate how much electricity your ASIC consumes, and how much you can mine. This way, you won’t actually lose money.
LikeLiked by 1 person