Bitcoin Mining

[Snape]

I wish I knew about bitcoin in 2009 so I could invest like $100 in bitcoins when they were $1 = 1,309 BTC and I could have 130900 BTC which is worth $136,214,540

Yeah, like that dude from Norway, who used 100$ in bitcoins back, when it started, now, back 1 month ago, he visited the site again and saw he had 1m $ there
Like FML

[Bernard]

Yeah, like that dude from Norway, who used 100$ in bitcoins back, when it started, now, back 1 month ago, he visited the site again and saw he had 1m $ there
Like FML

Why is this online currency worth so much though?

[Romney]

Why is this online currency worth so much though?

A lot more people are mining for it now that the US has been debating about its use n shit, and people want to get rich .

I still don't see where the money comes from in the first place...

[Bernard]

A lot more people are mining for it now that the US has been debating about its use n shit, and people want to get rich .

I still don't see where the money comes from in the first place...

Teach me how to mine Bitcoins. We can start a pool or whatever.

[Drat148]

Whats "Others"

There are tons of alternatives, some better than the rest. The two I suggested were the most profitable ones I've used so far.

[Bernard]

Yeah, bitcoin is dead now, no value in mining em unless you have like.. $30,000 to invest. I found litecoin and altcoin to be decent, but there are others.

How do you get started with this stuff?

[Rance-Sama]

How do you get started with this stuff?

I've been kinda curious also. The only thing that I know is that each bitcoin is worth hundreds and they can be used for anything. Drugs, child porn, assassinations etc.

[Drat148]

How do you get started with this stuff?

Well first you can rig your GPU or CPU (Whichever has more power) into encrypting data that chips away at digital "blocks" which contain bitcoins, kinda like mining ores in real life or in an MMO if you will, but it's highly not recommended using your own PC. It's better to get an ASIC rig to do that for you but the issue is that nearly all worldwide ASIC towers/miners are configured to bitcoin only and cost a LOT of money if you want to MAKE a lot of money, so you'll have to manually rewrite it to mine something else, like litecoin or altcoin.

[Josh]

This sounds pretty risky

[Snape]

Why is this online currency worth so much though?

Killing out the real money and has no taxes and shit like that.

[yugurt]

For people wanting to start mining i would recommend you mine litecoins since it's much easier and you might actually earn cash. be warned though you will need a high end gpu or multiple to be able to make anything.

[Bernard]

Just calculated, using the method I can do (by investing only the money I have on hand), it would take me 6 years to make like $98.51. My computer also might fry. Doesn't seem worth it for me.

[GeneralBr3tt]

If only 1 million it would be less that $100 cuz $100 when it started is now 100 million :/

[yugurt]

Just calculated, using the method I can do (by investing only the money I have on hand), it would take me 6 years to make like $98.51. My computer also might fry. Doesn't seem worth it for me.

Check out the stats on ltc instead. they might be a lot better

[Bernard]

If only 1 million it would be less that $100 cuz $100 when it started is now 100 million :/

Wish I knew about it back then. Would be a millionaire.