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Bitcoin is at $420

Snap

Snap

DARKLY Regular
Have you ever been Bitten by the market? :milliondicks:Why do you think its named BitCoin? Lawwwwwwwwwwwl!
 
Smurf Eater

Smurf Eater

Donator Supreme!
Ghett0 said:
How the fuck do you mine bitcoin? Just curious.
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They have specific machines you can buy just for Bitcoin, and you basically join a mining pool where you pull together everyone's mining power and split the profits evenly. Butterfly labs is the top place to buy from, but they aren't the most cost efficient, just the most popular. Cointerra I think is the most efficient bang for your buck but they just sold out their first batch and the next one isn't expected until February or March I believe. Basically it's a small rig without a monitor (I connect mine through my laptop, you need a laptop or computer running 24/7 to connect through that runs the software for most rigs right now). They push out a lot of heat and I actually have to turn my air conditioner on sometimes even though it's like 30 degrees outside, and easily cost me upwards of $150 a month in electricity bills. I'm actually running out of power in my apartment and don't know if I can handle anymore lol
 
Smurf Eater

Smurf Eater

Donator Supreme!
I was going to build a Litecoin mining rig, they're somewhat profitable if the price rises, and I easily have over a thousand litecoins I bought way back when they were like a nickel a piece. Missed the main Bitcoin train, hoping that if Bitcoin hits $1000 that Litecoin may hit like $20. Still won't sell them all though, just a few and hold on to the rest.
 
Ghett0

Ghett0

DARKLY Regular
I'm all for a quick and easy buck, but between the Income Tax you'd have to pay on it and the expenses, this sounds like a whole lot of work for a tiny little profit.
 
$alvador

$alvador

TD Member
OG buckshot jr said:
As long as there's brainwashed people like there are on TD, saying Bitcoin will take over the currencies of the world it won't lol
I'd rather try to capitalize on this nonsense than let it fly by, like I did with Bitcoin..
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I dunno man, it has potential. Acceptance keeps growing and growing, but the big-time investors are holding off because there's no guarantee of its value and volatility is still a major issue. Once all the BTCs get mined it could crash down to pennies in value, and if by that time it becomes mainstream enough then I think serious investors might deem it a risk worth taking to pump millions in and buy it out of the basement. Right now it's still just big boy play money. I mean it's worth what, $500, and still being used for petty transactions like buying coffee and a zip of herb off the net. If real investors were to step in and guarantee stability by investing millions, it could very well become the world's new favorite currency.
 
OG buckshot jr

OG buckshot jr

TD Admin
$alvador said:
I dunno man, it has potential. Acceptance keeps growing and growing, but the big-time investors are holding off because there's no guarantee of its value and volatility is still a major issue. Once all the BTCs get mined it could crash down to pennies in value, and if by that time it becomes mainstream enough then I think serious investors might deem it a risk worth taking to pump millions in and buy it out of the basement. Right now it's still just big boy play money. I mean it's worth what, $500, and still being used for petty transactions like buying coffee and a zip of herb off the net. If real investors were to step in and guarantee stability by investing millions, it could very well become the world's new favorite currency.
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See SJ? lol
 
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