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noman

Crypto required electricity

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I do not know how to answer you, how will you buy digital currencies from the ground if you do not have electricity, either if you have purchased and the electricity has been cut I will search for a replacement or temporarily change the location.

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Yes crypto requires electricity.All coins do not require this but the king bitcoin requires it for completing any transection

 

 


Bengali?

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If our village doesn't have electricity source then one thing is for sure, I will just move to another village because why would I stay in that village when I just can move out. Also if we really don't have electricity we can not convert our crypto to fiat because there is no electricity. 

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Bitcoin is not only the Cryptocurrency. there are some coins now for which transection we don`t need to be cnnected with the elctricity.


Bengali?

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If I couldn't use my laptop then I will do trading with my mobile phone by charging it from another place and also can be used power bank but I will never leave crypto. 

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Maybe I will leave them in my wallet and when electricity comes the price will be so high and sell them in profit.

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In cryptocurrency, the city of Madaraka, which means that Bitcoin is absolutely the best mining city, requires every mining power, and Bitcoin mining is the most needed, and most of the mining takes the most time and it has a lot of peopleThere is a lot more that can be said that plays a role

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You are right, in the internet everything exists but if there is no electricity it becomes useless. not only the internet, the impact of the absence of the internet will affect the economy of an area. the absence of electricity logically the internet will not work nor will crypto. Therefore we cannot use it and leave it alone.

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Cryptocurrency does not need electricity, unless you are a Bitcoin miner. A bitcoin oenambang does need electricity to run the tools for mining.

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Definitely I will convert my crypto to flat currency because I can't access crypto if I don't have electricity and internet as well. Everything runs by electricity that's why it was the only reason.

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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?)

 

Convert it to fiat and buy a solar panel for the future source of electricity then i will start mining again to recover my crypto that i used to buy for my electricity.

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It will be a stupid idea to sell your crypto coins for electricity, just look at the chart of this bitcoin surging price you will see that crypto is among the most profitable market ,hold your crypto or regret later.
 


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If there is no electricity in my village, I will not be able to use mobile phones and use the Internet.How do I earn cryptocurrency without a mobile and internet connection and learn about cryptocurrency?In order to earn Cryptocurrency I must have internet connection and electricity.

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Bro if i don't have electricity in my village then i also should not have a mobile or computer device. So there is no chance of acquiring any crypto. If you acquired some and stored in some way then you should continue it in this way. Do not convert into fait carry on what you are doing. 

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3 minutes ago, Jonayeed said:

I think  Mining is a very energy-intensive process; by one estimate, bitcoin requires 215 kilowatt-hours of energy for each transaction. According to Morgan Stanley data, the total energy consumption of the bitcoin network consumes as much electricity as 2 million U.S. homes.

Yes. That's true. Mining is the reason why the bill of the electricity increase. Mining consume greater electricity than when you invest or trade. That's why cryptocurrency is been the reason why some houses has a large bill for electricity.

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On 12/3/2019 at 7:04 AM, Tine0313 said:

As you say so, cryptocurrencies needs electricity so why would i have crypto at the first place if my location doesn't have electricity?

You don’t need electricity for holding crypto. For using it, you will need a connection of course. But as a store of value, even a paper wallet will do.


Finally a currency which I believe might become a stable coin with a good future (community controlled Ecoin)

Look, read the FAQ, and sign up for free here: https://ecoinofficial.org/referral/n9zk2s0

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1 hour ago, huyscoi40 said:

I don't understand the relationship between electricity and cryptocurrencies .. Without electricity, there is no cryptocurrency, and nothing at all

Without electricity there is no world or internet, everything is connected to electricity and not just digital currencies, but the point is that mining cryptocurrencies requires a lot of electricity, this is what I wanted to say.

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Main think is that most of the village have electricity not and world best country have all site electricity. If my village have no electricity ,then I simply use generator. Also go another village.

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On 12/3/2019 at 1:52 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?)

 

No electricity in my village mean no internet connection know laptop or smartphone so how can I know about cryptocurrency? My opinion if you don't have electricity and you know about what is cryptocurrency in and you have some coins then you must be on hold don't convert into fiat currency because theses currencies you hold it is very valuable in future

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Yes without electricity there is no crypto currency. Because crypto currency stored in online and internet needs electricity. So without electricity we can't imagine about any crypto currency.

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yes crypto is digital currency you need electricity if in my village no electricity i convert them to flat currency after electricity come i again buy crypoto currency

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On 12/3/2019 at 1:52 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?)

 

Electricity is no more issue in the world. We just have to recharge our mobile and we can keep in touch with crypto world. 

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I prefer diesel electricity to get electricity and internet connection.  Now many solutions to get electricity.  I have that kind of problem in my village electricity problem sometime offline sometime online but here I am and still excited with cryptocurrency with crypto my electric problem will be solve.  (I can have more capital to buy diesel oil) 1: 1 profit profit

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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?)

 

I would keep it or hodl it for the right terms. Some people think that hodling your crypto is a stupid idea but for me it's not. It's risk free and no loss.


Quote me so that I would get notified when you replied.😊

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I think it is hard to imagine being in cryptoworld without the presence of electricity. So I can not say that I have the opportunity to have a coin in such village at the first place.

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