Do you mind sharing how do you plan on getting "free" electricity and did you take into consideration that they won't be mining 24/7 due to power cuts.Geoleb wroteHello guys, I would like to ask for your opinion. Is it a good idea to start mining btc now since the USD $ against LBP is up?
I am planning to build a 450 TH/s mining farm and currently searching for a "free" source of power in a mountain village but I am hesitating due to the halving of btc that's going to happen soon and its effect on btc price. Do you think It's a good investment in the current situation?
Bitcoin in Lebanon
2 months later
Hello,
Is there anyone here who knows how to create a trusted bitcoin wallet in Lebanon and how to buy some coins in it?
also, I knew that we could buy gift cards from Amazon for example, and redeem it to a bitcoin.
Can anyone help?
Is there anyone here who knows how to create a trusted bitcoin wallet in Lebanon and how to buy some coins in it?
also, I knew that we could buy gift cards from Amazon for example, and redeem it to a bitcoin.
Can anyone help?
I can sell bitcoins for fresh cash dollars
What should I have first?duke-of-bytes wroteI can sell bitcoins for fresh cash dollars
What kind of Wallet? or which application to hold the coins in it?
there are tons of free wallets , bitcoin is rarely used in Lebanon , i doubt it will be any good for you for your daily usefarouq3d wroteWhat should I have first?duke-of-bytes wroteI can sell bitcoins for fresh cash dollars
What kind of Wallet? or which application to hold the coins in it?
if you want a mobile wallet only use opensource ones like mycelium and bluewallet.farouq3d wroteHello,
Is there anyone here who knows how to create a trusted bitcoin wallet in Lebanon
use mycelium if you have android and bluewallet if you have iphone.
dont store the recovery seed in a digital file or something connected to the internet, write it on a paper and store it in a safe place, if you lose you lose your coins if you delete the wallet or change your phone.
you are ready to send and receive bitcoins right after you install and note down the recovery seed, also do a test send like 1-5$ to your wallet, wipe it and restore it for the peace of mind.
you can also see this site bitcoinduliban.org for more information, and their telegram group is very helpful.
Thanks a lot, many people advised me to contact bitcoinduliban, but I didn't bcz they are Lebanese LOLDan28 wroteif you want a mobile wallet only use opensource ones like mycelium and bluewallet.farouq3d wroteHello,
Is there anyone here who knows how to create a trusted bitcoin wallet in Lebanon
use mycelium if you have android and bluewallet if you have iphone.
dont store the recovery seed in a digital file or something connected to the internet, write it on a paper and store it in a safe place, if you lose you lose your coins if you delete the wallet or change your phone.
you are ready to send and receive bitcoins right after you install and note down the recovery seed, also do a test send like 1-5$ to your wallet, wipe it and restore it for the peace of mind.
you can also see this site bitcoinduliban.org for more information, and their telegram group is very helpful.
I think I'll go with them, let's see
they are lebanese yes, its an educational site and group, no one will ask you for money or btc, as a matter of fact, they do free btc drops from time to time, the main goal is to help as many ppl to get out of the system and have complete control over their money.farouq3d wrote Thanks a lot, many people advised me to contact bitcoinduliban, but I didn't bcz they are Lebanese LOL
I think I'll go with them, let's see
5 months later
Where do you buy bitcoin?
The few places i tried had a convoluted sign up process and wasn't able to continue somehow.
(I am located in turkey at the moment)
Any place you trust and have tried ?
The few places i tried had a convoluted sign up process and wasn't able to continue somehow.
(I am located in turkey at the moment)
Any place you trust and have tried ?
a month later
Hi,
I am interested in bitcoin and other cryptocurrencies mining
I can reach several interested investors with resources
Is anyone here interested, or can offer technical knowledge?
I am interested in bitcoin and other cryptocurrencies mining
I can reach several interested investors with resources
Is anyone here interested, or can offer technical knowledge?
Not a good investment for a lot of reasons. The boom is temporary due to the new legislations from the U.S. as well as some tax evasion schemes.
There is a way to maximize profit though, and that is by mining the most profitable coin per day and selling it for USD on that very same day, check out NiceHash (if I recall well)
There is a way to maximize profit though, and that is by mining the most profitable coin per day and selling it for USD on that very same day, check out NiceHash (if I recall well)
That is, in fact, good.
The U.S, legislations are staying aren't they
So, it is a good way to make some profit.
I am still here for advice
Do you have some experience in mining?
The U.S, legislations are staying aren't they
So, it is a good way to make some profit.
I am still here for advice
Do you have some experience in mining?
Are you looking to mine on ASICs or GPUs?
I have some experience in that field yes, but nothing too special.
I have some experience in that field yes, but nothing too special.
crypto mining is just another way to keep killing mother earth .. just using energy for nothing
This rules can be applied on most of the industries currently, you don't have to be Mariam Nour about it, people want to make money that's itduke-of-bytes wrotecrypto mining is just another way to keep killing mother earth .. just using energy for nothing
most of the mining are being done by huge mining farms , not your average joe .and most are run on polluting electricity .. crypto is not necessary .. mainly used for cyber crime .. can you buy a pizza with bitcoin in Lebanon ? nopanayman_k7 wroteThis rules can be applied on most of the industries currently, you don't have to be Mariam Nour about it, people want to make money that's itduke-of-bytes wrotecrypto mining is just another way to keep killing mother earth .. just using energy for nothing
soon the bubble will burst anyway
Well said.duke-of-bytes wrotemost of the mining are being done by huge mining farms , not your average joe .and most are run on polluting electricity .. crypto is not necessary .. mainly used for cyber crime .. can you buy a pizza with bitcoin in Lebanon ? nopanayman_k7 wroteThis rules can be applied on most of the industries currently, you don't have to be Mariam Nour about it, people want to make money that's itduke-of-bytes wrotecrypto mining is just another way to keep killing mother earth .. just using energy for nothing
soon the bubble will burst anyway
Just want to add bitcoin in lebanon is all about sell. you wont find anyone that buys regularly. Youll need to wait for someone to actually contact you (if you are lucky) and physically meet and do the transaction. Thats how bitcoin scenary in lebanon.
If there is a way to transfer your bitcoin to your fresh dollar account without the need on someone doing the hard from outside then bitcoin could kick off brilliantly in leb.
a month later
Why is bank audi blocking binance.com?
Why in god's name would they block binance. Using my fresh money card it says "your card is not allowed to perform international transactions" when it works on every single other site except binance.
Why in god's name would they block binance. Using my fresh money card it says "your card is not allowed to perform international transactions" when it works on every single other site except binance.
- Edited
Trading Bitcoin is banned in Lebanon by the central bank, probably why your card isn’t working. Also heard of banks and money transfer offices stopping incoming transfers related to selling bitcoin.
You might be able to get around this issue by using your card to fill money in one of those online cards...
You might be able to get around this issue by using your card to fill money in one of those online cards...
- Edited
I have a payoneer card that I get my paycheck on and binance isn't working on it -.-
Buying crypto is legit one of the hardest things that I tried to do this month if not impossible.
Buying crypto is legit one of the hardest things that I tried to do this month if not impossible.