Subscribe to never miss episodes of the Coin Stories Podcast with Natalie Brunell: th-cam.com/users/nataliebrunell. Beware of impersonators and scammers on TH-cam and all social platforms. We will NEVER ask you for personal information or to send money anywhere. Links to our promotional partners are in the show notes. Thank you for watching!
This is a warning for all you people who are thinking about hosting and maybe even Compass Mining. I bought machines from Compass of the pretence that they would host them. I checked hash rates and chose machines appropriate for the moment figuring that I could get at least a Bitcoin or even two before they were obsolete and newer machines would take their place. Seemed easy and I figured even if they weren't too good at being hosts and my machines were offline a bit here and there, things would still work out. Wow, was I surprised when after waiting as expected almost a year for the 1st to go online the trouble began. You see, they can't put your machines online if they don't have a place to put them. Surprising but true. So in short if you have machines on a contract to go online and they have no place to put them, they ain't going to mine anything. But wait, there's more... That doesn't stop them from taking more orders and even promising that machines sold to others will go online in as little as a few days. Odd right? Then there is this, your machines will go online in the beginning, I guess to consummate a contract and then because they have a limited number of openings it goes offline after a short time. I suppose it's because they want to get as many people in the system and started up on their billing cycle. Once you're in the system your time online doesn't really matter because they can just credit you for your next month. But remember, you're mining bitcoin and if your investment is going to pay off you need Bitcoin and not just to be a part of a system that is moving machines all around to keep you captive. This is what happened to me. My machines were offline for months. They just simply refused to put them into service. Once my machines got a little time Compass took them offline in favor of putting newer customers into the rotation. I begged in the beginning for info about my machines, no one would tell me where they were and then after months they were in for service and inspection. Crazy what? service and cleaning? they haven't even been online much, or were they? IDK. I have my suspicions. Everything was so far from my worst case planning I was in shock. This went on for almost 2 years. A ton of service tickets and most with the same scripted answers. As I mentioned when they did finally seem to hear me, they gave me credits and not Bitcoin so my investment was crap. I could go on but you've probably read enough. Suffice to say, I have my machines here at home and they are pretty much useless. They arrived filthy and a 1/3 of them broken. Take my advice and stay away from these guys. Once you're signed up they just don't care about keeping you online, they won't budge. They siple don't seem to understand that your machines are like fruit, they age quickly and finally rot so they need to be up and running close to 100% to make money/Bitcoin. Once they got your money for machines and monthly hosting and up front hosting as well they could care less about your business it's all about theirs. Don't use Compass! You've been warned.
This is a warning for all you people who are thinking about hosting and maybe even Compass Mining. I bought machines from Compass of the pretence that they would host them. I checked hash rates and chose machines appropriate for the moment figuring that I could get at least a Bitcoin or even two before they were obsolete and newer machines would take their place. Seemed easy and I figured even if they weren't too good at being hosts and my machines were offline a bit here and there, things would still work out. Wow, was I surprised when after waiting as expected almost a year for the 1st to go online the trouble began. You see, they can't put your machines online if they don't have a place to put them. Surprising but true. So in short if you have machines on a contract to go online and they have no place to put them, they ain't going to mine anything. But wait, there's more... That doesn't stop them from taking more orders and even promising that machines sold to others will go online in as little as a few days. Odd right? Then there is this, your machines will go online in the beginning, I guess to consummate a contract and then because they have a limited number of openings it goes offline after a short time. I suppose it's because they want to get as many people in the system and started up on their billing cycle. Once you're in the system your time online doesn't really matter because they can just credit you for your next month. But remember, you're mining bitcoin and if your investment is going to pay off you need Bitcoin and not just to be a part of a system that is moving machines all around to keep you captive. This is what happened to me. My machines were offline for months. They just simply refused to put them into service. Once my machines got a little time Compass took them offline in favor of putting newer customers into the rotation. I begged in the beginning for info about my machines, no one would tell me where they were and then after months they were in for service and inspection. Crazy what? service and cleaning? they haven't even been online much, or were they? IDK. I have my suspicions. Everything was so far from my worst case planning I was in shock. This went on for almost 2 years. A ton of service tickets and most with the same scripted answers. As I mentioned when they did finally seem to hear me, they gave me credits and not Bitcoin so my investment was crap. I could go on but you've probably read enough. Suffice to say, I have my machines here at home and they are pretty much useless. They arrived filthy and a 1/3 of them broken. Take my advice and stay away from these guys. Once you're signed up they just don't care about keeping you online, they won't budge. They siple don't seem to understand that your machines are like fruit, they age quickly and finally rot so they need to be up and running close to 100% to make money/Bitcoin. Once they got your money for machines and monthly hosting and up front hosting as well they could care less about your business it's all about theirs. Don't use Compass! You've been warned.
kina ironic that she is interviewing a guy who is bashing big corporate miners and then a sponsor ad pops up extolling how great of a corporate miner Bitdeer is.
can you please elaborate on how to do this? I'd like more real life feedback. Did you just buy one device or multiple? whats the cost, whats the elctricity usage? does it payback at all?
Yes, no kidding, and it is awful. I cant stand them. A person can spot them easily because the all contain junk characters like >>>>>>>(XAI465S,)>>>>>>HATE that!!!
Can someone explain to me like- is mining a proposition where you get paid for whatever your miner works on, or do you get a huge reward if you happen to finish a block, or potentially just nothing at all? I’m just learning about this (clearly 😂)
You got it, a pool shares the rewards you find out amongst everyone who provides hash rate. And you get a share of someone else's block reward if they mine a block.
@ Awesome, thanks for the response. Okay so it seems like a pool is probably the better way to go. And I suppose in terms of setup, the less electricity costs you have, the better. Would be cool to have like 10 machines working or something, if it’s worth it. Is the Apollo 2 a good option, or are there similar better priced options?
I wonder when we can get back to calling "bitcoin core" just bitcoin. If I understand correctly there is no other bitcoin, only a handful of counterfiet chains like bcash.
If you try to cash in your Bitcoin through an exchange like Coinbase then absolutely you will pay taxes, which makes the decentralization argument pretty ridiculous.
@@cpp2521no you don’t have to pay taxes on it. you will mine a block and it will get send to your bitcoin wallet and it will stay there. Now if you want to convert it into dollars through an exchange you will have to pay taxes
I just bought an older mining device that was retrofitted as a space heater. Gonna plug it in my garage/workshop area and keep it heated while maybe earning a little bit of bitcoin.
This was just such a great podcast and was such a great message. This is exactly the issue that I am trying to get out there and discuss with people. The institutions have arrived and they are inside our perimeter. Block space and mempool are going to become hallowed ground that nation states, corporations and banks are going to begin to fight over. We plebs will be squeezed out into a world without access unless we all fight back. And Futurebit is helping us stock up our arsenal of self-sovereignty. Very exciting! I'm getting one for the studio. George the artist
Thank you for featuring Alex Heinz in one of your videos. I took your advice and contacted him for investment opportunities, and the results have been incredible. Started with slightly less than $40k, and now I’ve paid off my $529k 15 years loan in 8 months. Now totally debt free with 2 paid off rentals. Love having no debt for the last 5 months. Thank you Alex Heinz!
I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing?
Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a okx wallet with usd, and I have the seed phrase: (proof inner hobby bounce blouse able donate virtual luggage cart morning ticket).What's the best way to send them to Binance?
Great content, as always! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Mining bitcoin at home is next to impossible. Don't delude yourself as you're competing with massive datacenters with virtually unlimited computing power
@@LarsLarsen77 Bro, there are data centers full of thousands of low power ASIC miners are all running concurrently. The probability that PC grade mining setup in a home closet is going to be successful suggests poor math skills. People who buy lottery tickets or lose money gambling suffer from the same lack of maths ability. Enjoy paying that home utility bill
I usually trade with the help of an expert trader, she's the backbone behind my success as a trader, her trading strategies are actually top notch. you need someone with the right strategies and expertise to do the work for you, I always recommend Deborah Ann Alice's expertise.
I know Deborah ann Alice. as a popular crypto experts' people talk about, her transparency in the crypto community speaks for her, I came across her at a conference in Canada. Her strategies works perfectly well for me and I'm happy working with her
Miss Deborah Ann Alice is the best expert trader I have seen on a certified broker, I've invested with her for years. Profits are secured and over a 100 percent return on investment. Everyone she processes his or her trade is so lucky.
Goodness gracious,I can't believe you are talking about Ms Deborah Alice. After watching so many TH-cam tutorials videos about trading I was still making losses not until I met this Ms Deborah Alice, she's definitely a pro.
Literally everyone cares about fiat profits. If you aren't mining profitably you should shut down and buy bitcoin instead, even if you are solo mining. You're just donating money to your electric company otherwise.
I am skeptical of anything that comes out of computers, like they don’t get sabotaged every day, everywhere,duh, no warm and fuzzy for our supposedly future means of transferring value!
Subscribe to never miss episodes of the Coin Stories Podcast with Natalie Brunell: th-cam.com/users/nataliebrunell. Beware of impersonators and scammers on TH-cam and all social platforms. We will NEVER ask you for personal information or to send money anywhere. Links to our promotional partners are in the show notes. Thank you for watching!
these bots in the comment section are a scourge. is there anything you guys can do about them?
This is a warning for all you people who are thinking about hosting and maybe even Compass Mining. I bought machines from Compass of the pretence that they would host them. I checked hash rates and chose machines appropriate for the moment figuring that I could get at least a Bitcoin or even two before they were obsolete and newer machines would take their place. Seemed easy and I figured even if they weren't too good at being hosts and my machines were offline a bit here and there, things would still work out. Wow, was I surprised when after waiting as expected almost a year for the 1st to go online the trouble began. You see, they can't put your machines online if they don't have a place to put them. Surprising but true. So in short if you have machines on a contract to go online and they have no place to put them, they ain't going to mine anything. But wait, there's more... That doesn't stop them from taking more orders and even promising that machines sold to others will go online in as little as a few days. Odd right? Then there is this, your machines will go online in the beginning, I guess to consummate a contract and then because they have a limited number of openings it goes offline after a short time. I suppose it's because they want to get as many people in the system and started up on their billing cycle. Once you're in the system your time online doesn't really matter because they can just credit you for your next month. But remember, you're mining bitcoin and if your investment is going to pay off you need Bitcoin and not just to be a part of a system that is moving machines all around to keep you captive. This is what happened to me. My machines were offline for months. They just simply refused to put them into service. Once my machines got a little time Compass took them offline in favor of putting newer customers into the rotation. I begged in the beginning for info about my machines, no one would tell me where they were and then after months they were in for service and inspection. Crazy what? service and cleaning? they haven't even been online much, or were they? IDK. I have my suspicions. Everything was so far from my worst case planning I was in shock. This went on for almost 2 years. A ton of service tickets and most with the same scripted answers. As I mentioned when they did finally seem to hear me, they gave me credits and not Bitcoin so my investment was crap. I could go on but you've probably read enough. Suffice to say, I have my machines here at home and they are pretty much useless. They arrived filthy and a 1/3 of them broken. Take my advice and stay away from these guys. Once you're signed up they just don't care about keeping you online, they won't budge. They siple don't seem to understand that your machines are like fruit, they age quickly and finally rot so they need to be up and running close to 100% to make money/Bitcoin. Once they got your money for machines and monthly hosting and up front hosting as well they could care less about your business it's all about theirs. Don't use Compass! You've been warned.
This is a warning for all you people who are thinking about hosting and maybe even Compass Mining. I bought machines from Compass of the pretence that they would host them. I checked hash rates and chose machines appropriate for the moment figuring that I could get at least a Bitcoin or even two before they were obsolete and newer machines would take their place. Seemed easy and I figured even if they weren't too good at being hosts and my machines were offline a bit here and there, things would still work out. Wow, was I surprised when after waiting as expected almost a year for the 1st to go online the trouble began. You see, they can't put your machines online if they don't have a place to put them. Surprising but true. So in short if you have machines on a contract to go online and they have no place to put them, they ain't going to mine anything. But wait, there's more... That doesn't stop them from taking more orders and even promising that machines sold to others will go online in as little as a few days. Odd right? Then there is this, your machines will go online in the beginning, I guess to consummate a contract and then because they have a limited number of openings it goes offline after a short time. I suppose it's because they want to get as many people in the system and started up on their billing cycle. Once you're in the system your time online doesn't really matter because they can just credit you for your next month. But remember, you're mining bitcoin and if your investment is going to pay off you need Bitcoin and not just to be a part of a system that is moving machines all around to keep you captive. This is what happened to me. My machines were offline for months. They just simply refused to put them into service. Once my machines got a little time Compass took them offline in favor of putting newer customers into the rotation. I begged in the beginning for info about my machines, no one would tell me where they were and then after months they were in for service and inspection. Crazy what? service and cleaning? they haven't even been online much, or were they? IDK. I have my suspicions. Everything was so far from my worst case planning I was in shock. This went on for almost 2 years. A ton of service tickets and most with the same scripted answers. As I mentioned when they did finally seem to hear me, they gave me credits and not Bitcoin so my investment was crap. I could go on but you've probably read enough. Suffice to say, I have my machines here at home and they are pretty much useless. They arrived filthy and a 1/3 of them broken. Take my advice and stay away from these guys. Once you're signed up they just don't care about keeping you online, they won't budge. They siple don't seem to understand that your machines are like fruit, they age quickly and finally rot so they need to be up and running close to 100% to make money/Bitcoin. Once they got your money for machines and monthly hosting and up front hosting as well they could care less about your business it's all about theirs. Don't use Compass! You've been warned.
Thanks
kina ironic that she is interviewing a guy who is bashing big corporate miners and then a sponsor ad pops up extolling how great of a corporate miner Bitdeer is.
Gotta play both sides 😂
I just created my own solo mining pool for my Apollo II today.❤
can you please elaborate on how to do this? I'd like more real life feedback. Did you just buy one device or multiple? whats the cost, whats the elctricity usage? does it payback at all?
@@DEVUNK88just go to their website and you’ll find out. Link is in the description.
I've been wanting to buy one forever and will take the leap in 2025! How was it? Was it doingable for thei cryptogranny?
@DEVUNK88 there is a app on umbrel called public pool. My guess they are using that or something similar they made
You're one of the only TH-camrs who pronounces the word "obfuscate" properly. I'm tempted to sub just for that.
John is fkn AWESOME
Would love to get an Apollo, but they're out of stock every time I check.
Good interview. But next time, someone needs to put their phone on silent!
Natalie do you care that your channel's comments are inundated with shitcoin bots?
Yes, no kidding, and it is awful. I cant stand them. A person can spot them easily because the all contain junk characters like >>>>>>>(XAI465S,)>>>>>>HATE that!!!
Of course not. TH-cam creators are here to make money... and there isn't much one can do about it anyway
my comments are being deleted by youtube .....i hate the shitcoin bots
Holy shit man, blame TH-cam, not Natalie.
@@heaven-is-real join the club. i'm censored everyday
Futurebit will be the future.
No point in using the link ... they are sold out.
Can someone explain to me like- is mining a proposition where you get paid for whatever your miner works on, or do you get a huge reward if you happen to finish a block, or potentially just nothing at all? I’m just learning about this (clearly 😂)
You got it, a pool shares the rewards you find out amongst everyone who provides hash rate. And you get a share of someone else's block reward if they mine a block.
@ Awesome, thanks for the response. Okay so it seems like a pool is probably the better way to go. And I suppose in terms of setup, the less electricity costs you have, the better. Would be cool to have like 10 machines working or something, if it’s worth it. Is the Apollo 2 a good option, or are there similar better priced options?
I wonder when we can get back to calling "bitcoin core" just bitcoin. If I understand correctly there is no other bitcoin, only a handful of counterfiet chains like bcash.
Do you have to pay taxes when you mine a bitcoin?
And if yes, does that means that he needs to sell it asap, to have money for that tax bill?
If you try to cash in your Bitcoin through an exchange like Coinbase then absolutely you will pay taxes, which makes the decentralization argument pretty ridiculous.
@@cpp2521no you don’t have to pay taxes on it. you will mine a block and it will get send to your bitcoin wallet and it will stay there. Now if you want to convert it into dollars through an exchange you will have to pay taxes
If you sell you will have a taxable event.
Not unless you sell it. And you can write off the hardware and electricity on your taxes
I just bought an older mining device that was retrofitted as a space heater. Gonna plug it in my garage/workshop area and keep it heated while maybe earning a little bit of bitcoin.
Run a full node. And your own public pool with a umbrel
This was just such a great podcast and was such a great message. This is exactly the issue that I am trying to get out there and discuss with people. The institutions have arrived and they are inside our perimeter. Block space and mempool are going to become hallowed ground that nation states, corporations and banks are going to begin to fight over. We plebs will be squeezed out into a world without access unless we all fight back. And Futurebit is helping us stock up our arsenal of self-sovereignty.
Very exciting! I'm getting one for the studio.
George the artist
used your code for speed. Not sure if I am getting any sats for it. Maybe later? lol
You can run a public pool from your node.
Get Gio the powerlaw guy on. Would love to hear you perspective
I did this. But it was a long time ago when that was the only way to do it.
I’m looking for a crypto installer from New Jersey can you help thanks 😊
yea but it's like winning lotto
You do it for the love of the game and keeping BTC decentralized
Better chance to win powerball. They are talking about ONE PERSON that mined a block. ONE.
Thank you for featuring Alex Heinz in one of your videos. I took your advice and contacted him for investment opportunities, and the results have been incredible. Started with slightly less than $40k, and now I’ve paid off my $529k 15 years loan in 8 months. Now totally debt free with 2 paid off rentals. Love having no debt for the last 5 months. Thank you Alex Heinz!
Wow, congratulations on your impressive investment success!
I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing?
You need a pro that is good at navigating the market. Someone like Alex Heinz he trade for me.
Yeah, I agree with you. Alex Heinz has always been on the top of my list.. more folks like him are needed in the digital investment scene, mate.
There has been a lot of recommendations about this Alex Heinz lately. He must be very exceptional for people to talk so highly of him
Privacy just as important as decentralization
I would want to run a node, but most units are sold out. Will there be more stock available anytime soon?
Get a start9 node. Great piece of equipment, very easy to setup and run. On sale now too!
Or Umbrel.
My futurebit Apollo miner caught fire
Yes ,very honorable unlike fiat
🔥
Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a okx wallet with usd, and I have the seed phrase: (proof inner hobby bounce blouse able donate virtual luggage cart morning ticket).What's the best way to send them to Binance?
Great content, as always! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
realistically how likely is it that one of these apollo miners actually mines a block and gets a reward?
Low otherwise they would run them rather than sell them. Do it because you want a hobby, not because you want ROI.
So power law says go all in XAI225K and hold for the 10 years. Okay let's do it! YOLO
💯💕👍
Is Natalie single???
Mining bitcoin at home is next to impossible. Don't delude yourself as you're competing with massive datacenters with virtually unlimited computing power
It absolutely is not impossible. You're just trying to rationalize not mining.
@@LarsLarsen77 Bro, there are data centers full of thousands of low power ASIC miners are all running concurrently. The probability that PC grade mining setup in a home closet is going to be successful suggests poor math skills. People who buy lottery tickets or lose money gambling suffer from the same lack of maths ability. Enjoy paying that home utility bill
sold out !! when r they getting more ? i guess digital foundary and antpool bought them all.
I'm new to trading, How can I make more profitable investments in crypto without incurring much losses?
I usually trade with the help of an expert trader, she's the backbone behind my success as a trader, her trading strategies are actually top notch. you need someone with the right strategies and expertise to do the work for you, I always recommend Deborah Ann Alice's expertise.
I know Deborah ann Alice. as a popular crypto experts' people talk about, her transparency in the crypto community speaks for her, I came across her at a conference in Canada. Her strategies works perfectly well for me and I'm happy working with her
Miss Deborah Ann Alice is the best expert trader I have seen on a certified broker, I've invested with her for years. Profits are secured and over a 100 percent return on investment. Everyone she processes his or her trade is so lucky.
Goodness gracious,I can't believe you are talking about Ms Deborah Alice. After watching so many TH-cam tutorials videos about trading I was still making losses not until I met this Ms Deborah Alice, she's definitely a pro.
Please educate me. I've come across this name before. Now I am interested. How can I reach her?
Customer service for this company in my experience is non existent.
Why don’t you or will they end up pooled?
Thank you for help me be free
!!!
Literally everyone cares about fiat profits. If you aren't mining profitably you should shut down and buy bitcoin instead, even if you are solo mining. You're just donating money to your electric company otherwise.
Alemio token is built for moments like these-alt runs drive adoption, and this project is primed to take off!
The chance of winning a block with that device is about as likely as AOC becoming the next president.
Small, but not zero lol
So you are say "I have a chance" 😅😅😅
I am skeptical of anything that comes out of computers, like they don’t get sabotaged every day, everywhere,duh, no warm and fuzzy for our supposedly future means of transferring value!
Have fun being poor
Flip its switch and mine sha -256 Bitcoin Cash.
Bought 50k XAI225K COIN..from 4 cents to $1 soon..30 x.. Binance just bought 10 Billion XAI225K coin..🚀🚀🚀🚀
Congrats to all early adopters, Alemio Network will crush this year
XAI225K is the gem of 2024 it's literally owned by Elon Musk
XAI225K GOING TO 20-30$ REMEMBER THIS COMMENT ‼️