LebGeeks

TheIlluminative

Member

Re: Bitcoin in Lebanon

What's to lose? Nothing at all.

Scode99

Member

Re: Bitcoin in Lebanon

Hello
I recently (not nearly a month ago) bought 9.5 BTC at a total cost of ~$315.

Now they're worth $378 if I needed to sell them. That's a good 20% return on investment without doing nothing. Though it's not much since I was afraid of taking a larger risk.

Is anyone else following the BTC craze?
Are there any possible outlets in Lebanon?
If not, is there enough potential interest?

I understand all I get is going to be anecdotal evidence (at best) and some subjective opinions. Still it's the only resource I can find at the moment.

Just curious, did you sell your BTC? =)

Tech Guru

Member

Re: Bitcoin in Lebanon

Short BTC Analysis/ Update:

Its the 21st of July!
Elon , Jack and Cathie will hold a live debate to talk about the importance of BTC and why institution should adopt it.

Luckily, BTC broke  resistance 30k and is now being traded at 30.6K.

-A 4HR candle close above 30.8K will give confidence for the bulls.

-Also, a Daily Close above 31.5K will give strong momentum for the bulls and will lead us to break 33.3K.

There will be high volatility in the market today.

To watch the Live Debate, please register here :

The B Word Conference Today

https://www.thebword.org/c/the-b-word

Last edited by Tech Guru (July 21 2021)

LifeEngineer

Member

Re: Bitcoin in Lebanon

Guys I made a very small amount from GPU ETH mining as a test for a couple of month or so. How can I check out that amount in here locally? and will it be USD or LL?
I made an e-wallet but they're still on the mining software for now.
Thank you.

vengeance666

Member

Re: Bitcoin in Lebanon

Guys I made a very small amount from GPU ETH mining as a test for a couple of month or so. How can I check out that amount in here locally? and will it be USD or LL?
I made an e-wallet but they're still on the mining software for now.
Thank you.

You need to reach a certain threshold for the amount to be paid out. It's usually either when you reach 0.1 ETH or 0.01 ETH paid out at the 28th of each month. Which pool did you mine on ?

MrClass

Member

Re: Bitcoin in Lebanon

Guys if someone is interested to sell and cashout a respectable amount of crypto (crypto -> USD cash in your hand), I can help with this service. PM me.

vengeance666

Member

Re: Bitcoin in Lebanon

Guys if someone is interested to sell and cashout a respectable amount of crypto (crypto -> USD cash in your hand), I can help with this service. PM me.

Where is your location ?

LifeEngineer

Member

Re: Bitcoin in Lebanon

Guys I made a very small amount from GPU ETH mining as a test for a couple of month or so. How can I check out that amount in here locally? and will it be USD or LL?
I made an e-wallet but they're still on the mining software for now.
Thank you.

You need to reach a certain threshold for the amount to be paid out. It's usually either when you reach 0.1 ETH or 0.01 ETH paid out at the 28th of each month. Which pool did you mine on ?

Not an expert on pools man. I downloaded Kryptex software just to make everything work seamlessly without my intervention.
I have like 70USD or so, if I remember correctly.

Kazouza

Member

Re: Bitcoin in Lebanon

You guys can also mine directly to the binance pool that way it's just a simple click to transfer it from the pool to your binance wallet

m_zeid

Member

Re: Bitcoin in Lebanon

Hello guys,

How can I cash out my USD here in Lebanon?

I have Binance account and ADVcash account. But I don't have a bank account in Lebanon.

So what do you suggest? Shall I open an account with BLOM or Audi or another bank and transfer from ADVcash to the bank account? or it doesn't work?
Or is there any other way?

I know there is P2P on Binance, and to be honest I've never tried it. There are option to get paid with WesternUnion from dealers here in Lebanon. Did anybody try this?

Any input will be useful, please share your thoughts. Thanks.

MrClass

Member

Re: Bitcoin in Lebanon

Guys if someone is interested to sell and cashout a respectable amount of crypto (crypto -> USD cash in your hand), I can help with this service. PM me.

Where is your location ?

I'm in UAE. Mining ETH and cashing out using a local exchange. send me private PM if interested.

Isa Al

Member

Re: Bitcoin in Lebanon

Hey, crypto mining is trending in Lebanon, and most people are suffering from electricity outages. I am wondering are there any crypto mining hosting providers in Lebanon?

In other countries are big mining farms that offer discounted electricity prices. So I am wondering if there is such a service in Lebanon?

and if not, do you know any reputable hosting mining service abroad? so we buy the rigs from them or send them our rigs, and they just operate it on our behalf?

marmat

Member

Re: Bitcoin in Lebanon

Hi guys,

I was trying to use my fresh usd card on binance. But it seems it is blocked. It is a card from a Lebanese bank.
Does anyone know a turn around ?

ramy58

Member

Re: Bitcoin in Lebanon

Hi guys,

I was trying to use my fresh usd card on binance. But it seems it is blocked. It is a card from a Lebanese bank.
Does anyone know a turn around ?

It is practically impossible to use your lebanese card for crypto, as it is blocked by all banks here.
Your only (and best) choice is to buy it from someone in person (or by OMT), in cash. To do so, there's numerous Telegram (or WhatsApp) channels where you can trade crypto.

Last edited by ramy58 (December 14 2021)

jsaade

Member

Re: Bitcoin in Lebanon

My bankmed card works fine (fresh).

ramy58

Member

Re: Bitcoin in Lebanon

My bankmed card works fine (fresh).

Well I'll be damned. My Bank Audi fresh USD card doesn't work, so I guess certain banks allow it.

Mayyad

Member

Re: Bitcoin in Lebanon

Hi Gents
Any one have an idea about Cryptotab browser?
A lot of users say it pays, what the catch in it?

samer

Admin

Re: Bitcoin in Lebanon

Hi Gents
Any one have an idea about Cryptotab browser?
A lot of users say it pays, what the catch in it?

Never heard of it. It seems like it mines monero, which you can mine yourself on a CPU. Doing it yourself means you won't lose on whatever commission cryptotab takes. More importantly, it won't expose you to whatever shady things this non-trusted browser does on your computer.

I've never done it, so I don't know if it's worth doing. You can see some benchmarks here and do a quick profitability calculation.

marmat

Member

Re: Bitcoin in Lebanon

Anyone heard of helium? and helium mining ?
what is its status in lebanon?

mikasa

Member

Re: Bitcoin in Lebanon

Anyone heard of helium? and helium mining ?
what is its status in lebanon?

yea saw this https://explorer.helium.com/ on a tiktok someone was comparing other countries to Lebanon i mean wth