Crypto required electricity

[magd 5231]

There are no places today that do not have electricity. All parts of the earth have access to electricity. If there are any villages around the world that have not had electricity, they are villages belonging to countries that do not have cryptocurrencies at all. I think you exaggerated a little, my friend.

[Jessica Karren 1242]

What type of questions is this? Absolutely yes it requires electricity. Without electricity we even can't think about of crypto technology.  No electricity means no internet, no internet means no crypto technology.

[deepown 0]

On 3/15/2020 at 11:04 AM, Sofia43 said:

certainly I will change my crypto to fiat for the reason that I can not used internet without electricity.

But if that happens it will happen before you get the chance to cash out your coins to fiat.

[Babubu609 0]

On 12/3/2019 at 10:59 AM, ashua1 said:

no i will not do either case i will move up to where there is internet and start making money then i will invest electricity to the village.

That wasn't a bad idea is good to make things keep progressing with your efforts if you can

[nickoman987 1040]

Well, yes, but as you still wanted. Cryptocurrency mining or simple mining requires a lot of electricity, so cryptocurrency prices are so high because it is very expensive to mine

[Lover840 0]

On 12/3/2019 at 2:22 AM, noman said:

If you dont have any electricity source in your village what will you do with your cryptocurrency.

Will you convert it to fiat ?

Or 

will you keep it ....(for profit or something else?)

 

Well why would someone convert all of crypto currency into FIAT. Because i think everyone know that coins will became much more valuable in the future. So everyone is saving them. 

[Zaino34 0]

You are right in that, the encryption is related to electricity, we need it in order to get online and in order to operate our computers and sometimes we may need it for mining and as we know we need a large electrical energy for mining so I cannot benefit from encryption without electricity

[Babubu609 0]

On 12/24/2019 at 2:39 AM, Jon said:

I will migrate to a place that has electricity because I can't even do some minutes without been in Crypto

With the absence of energy logically the internet will now not work nor will you be able to connect to the  cryptoworld.

[Saj555 2250]

No  I won't convert my currency to flat. Because if there is no electricity in my village then why should I buy bitcoins or other currencies. And if I buy then I will hold it for the right time and when the right time will come then I will trade with and earn a food profit by myself. That's how I will keep my cryptocurrencies. 

[Treat1234 0]

12 hours ago, Saj555 said:

No  I won't convert my currency to flat. Because if there is no electricity in my village then why should I buy bitcoins or other currencies. And if I buy then I will hold it for the right time and when the right time will come then I will trade with and earn a food profit by myself. That's how I will keep my cryptocurrencies. 

They didn't asked you to change coins to your fiat currency, electricity helps in maintaining the mining activities, but it is not necessary you should participate in it

[Bruno52 1141]

If I don't have electricity in my village, I will convert my crypto currency to fiat currency if I am going to use it  while I am at the village but I will not convert it if I am not going to use it in my village.

[kizz 3370]

We need electricity in our daily life and also in doing crypto to make money. It is impossible to make money in crypto without the use of electricity.

[Zues 1069]

On 12/3/2019 at 4:52 AM, noman said:

If you dont have any electricity source in your village what will you do with your cryptocurrency.

Will you convert it to fiat ?

Or 

will you keep it ....(for profit or something else?)

 

If I dont have any electricity source in my village then I will just save my cryptocurrency and let it stay. I can still save it even without electricity then go to urban areas to use my cryptocurrency.

[Mishu1234 101]

There is no possibility of losing electricity in my village but if such things happen i will keep my  cryptocurrency rather then converting them into fiat  

[DavCrypto 298]

I don't think that today there is a place without electricity at all, but even if that is the case I will definitely keep some of it to earn more profits.

[Thekingcallme 1975]

Yes, dealing through crypto needs 3 things: a phone, computer, electricity and the Internet, otherwise you will not be able to deal in cryptocurrencies without that.

[Treat1234 0]

8 hours ago, Maruf8583 said:

Electricity is mandatory in cryptocurrency. How tin you access it if you can’t constant tie to the Internet. This is an electronic currency, which way that you cannot get through it if you achieve not hold gain access to to the Internet.
 

If we should exclude the used of  electricity to access the internet, then we should emphasize on the mining aspect of cryptocurrency, you will see that it won't be easy for us to perform transaction without miners and miners need electricity

[P A Ashif 2409]

I will keep my money as crypto. Because once it made to flat then it will be used away. And also I think it will be secure if it will be keeped in the form crypto. Moreover if invested in it we can have income source from.it

[Hatred 1388]

On 12/3/2019 at 4:52 AM, noman said:

If you dont have any electricity source in your village what will you do with your cryptocurrency.

Will you convert it to fiat ?

Or 

will you keep it ....(for profit or something else?)

 

Well, if my village will cut the source of electricity, before that happen, I will convert all my crypto to fiat currency. Why? It is because I need the money for me to buy foods. That's the reason why I am here in cryptoworld. If I can't use my money before the electricity runs out, then it will become useless because I need that money especially when this emergency happens.

[Brushless4500KV 4214]

On 4/10/2020 at 8:20 AM, stuntdila said:

no. move to another village or buy a solar power system. now a days electricity is not a huge deal. you can generate your own electricity in many ways if you want. just invest some money into that if you don't want to live without electricity.

The cost of generating electricity is the main issue and this problem will not solved by a simple solar system. Many people have thought about using natural resources to generate it but the problem is that most of these sources are only available at certain times during a day or even during a season. For example sunlight is only available during the day and disappears at night. The other source of energy is water current which can turn turbines and generate electricity but some rivers will get dried during the summer. You have to use a permanent source of energy which is difficult to find. Combining different sources may be a good idea but increases the costs.

[pablomarwan 3082]

If you have a large amount of solar energy you can put into your home, I do not advise you to sell it all and allocate a portion of here to improve your situation, at least then your affairs will improve and compensate for what you sold in the first and increase it only if you follow the appropriate steps and strategy

[Amir Vao 341]

On 12/3/2019 at 2:52 AM, noman said:

If you dont have any electricity source in your village what will you do with your cryptocurrency.

Will you convert it to fiat ?

Or 

will you keep it ....(for profit or something else?)

 

We need also internet to access it. Also without any device we can't access our accounts. And it will be a big reason for a nation. Developers should notice this.

[BrolySSJ 7899]

I think that the best thing for anyone to do in this case woudl be to hold their crypto as i am sure that it will be worth a lot more in the future and in this way they will be able to make quite a big profit from this. If the person needs the funds though, as i am sure they might given the fact that they have no electricity perhaps they should then convert half to fiat and leave the other half to grow in value over time.

[Zues 1069]

On 4/20/2020 at 10:40 PM, dshuy20 said:

Without electricity, it's almost impossible to use cryptocurrencies. Because electricity is online, it works online, and then there is no internet and devices with access to cryptocurrency

Yes I think that electricity is important because cryptocurrency is digital. I think that digital features always need electricity.  This is great because we only need electricity if we want to earn money and that is convenient for me and to the other users. 

[Raqeebzy 6456]

How is that possible, how can you do cryptocurrency without adequate electricity supply, they work hand in hand, no electricity, no internet connection, no cryptocurrency. That's it.