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November, 2024

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Bitcoin Mining

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jcc03skis
Posts: 1002 - Karma: 1,020
Does anyone have any experience with this subject. I am totally lost when it comes to the idea, so any information would be helpful. This is very vague, but I'm interested in the idea, but I don't know where to start.
May 16 2013 10:26PM
10 4
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GIF
Posts: 468 - Karma: 1,279
It is 100% bullshit, they have almost no value anymore
May 16 2013 10:27PM
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~~~~~~~~
Posts: 2345 - Karma: 2,104
all the easy coins have been found, you need some serious computing power to get a return.
May 16 2013 10:29PM
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Barefootin_Fiend
Posts: 7618 - Karma: 4,727
yep. not even really worth it. better off just buying and selling coins as the appreciate in value.
May 16 2013 10:37PM
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gucci_mane
Posts: 533 - Karma: 17
dont even fux with it unless your building your own computer to harvest bitcoins that are extremely difficult to find.
May 16 2013 10:53PM
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49566738265
Posts: 0 - Karma: 7,704
They don't actually have any value.....it's a currency that was made up out of thin air. It's a system for stupid people to trade money with each other. Basically Pokemon cards 2013.
May 17 2013 12:20AM
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Stose
Posts: 7109 - Karma: 4,123
I dont get how they work, but a friend told me a week or so ago that basically the cost of mining for them is like the same as what they are worth so its pointless
May 17 2013 12:24AM
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keatdogg
Posts: 95 - Karma: 110
Yeah it takes some pretty serious computing power to mine them. and that computing power costs $: http://butterflylabs.com/. It is not feasible to mine them on your standard laptop/desktop computer.
May 17 2013 12:27AM
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keatdogg
Posts: 95 - Karma: 110
Also here is a decent mining video <iframe width="560" height="315" src="http://www.youtube.com/embed/GmOzih6I1zs" frameborder="0" allowfullscreen></iframe>

And a diagram on how the transactions work:

[IMG]zerohedge.com/sites/default/files/images/user3303/imageroot/2013/05/20130512_BTC.jpg[/IMG]
I still am pretty fucking confused by it.
May 17 2013 12:31AM
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deleted5
Posts: 14507 - Karma: 13,507
Shocking that a currency made up by the people who do also make YouTube comments failed.
May 17 2013 12:33AM
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keatdogg
Posts: 95 - Karma: 110
It was "invented" by this genius dude/group of people: https://en.bitcoin.it/wiki/Satoshi_Nakamoto
May 17 2013 12:41AM
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deleted5
Posts: 14507 - Karma: 13,507
And who started who are the people now using it. I called it on these coins go look at my older posts.
May 17 2013 10:32AM
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.qzyxya
Posts: 1479 - Karma: -26
what about litecoins and the other shit
May 17 2013 11:25AM
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1337
Posts: 31059 - Karma: 29,314
you and anyone with the economic education of a 6th grader did too. Liked the insult of "same people who also make youtube comments" though hahah that was a good one
May 17 2013 11:28AM
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sneezin
Posts: 632 - Karma: 430
...pokemon cards that can be traded for heroin....... and people............
May 17 2013 11:40AM
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xxACIDTRIPxx
Posts: 5980 - Karma: 8,175
I wouldn't want to be a miner


I hate getting dirty
Jul 24 2019 5:58AM
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switchlip2
Posts: 2142 - Karma: 25,102
GIFIt is 100% bullshit, they have almost no value anymore

Rip
Jul 14 2021 1:55AM
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iH8pow
Posts: 1824 - Karma: 7,816
This is the best aged thread
Dec 5 2024 11:32AM
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