The Bitcoin Insanity Continues — Prices Top $450

Discussion in 'HardForum Tech News' started by MajorDomo, Nov 16, 2013.

  1. requiem99

    requiem99 [H]ardness Supreme

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    The train is going off the cliff next time boys.
     
  2. Omegas

    Omegas [H]ardForum Junkie

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  3. kirbyrj

    kirbyrj [H]ard as it Gets

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    I think most of the people who are haters are the ones who haven't made any money off of BTC.

    I screwed around with it for a few months and made $8k profit (after paying for equipment, etc.). I would never liquidate all my assets into BTC, but don't think that just because YOU didn't make any money someone can't make money off of it.
     
  4. Nenu

    Nenu [H]ardened

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    This thread is broken.
    Clicking page 7 always takes me to page 6.
    Viva le repeat
     
  5. J Macker

    J Macker [H]ardForum Junkie

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    Yeah except I have my posts per page set higher and I click on page 4 and it takes me to page 3.
     
  6. dwilson041781

    dwilson041781 [H]ard|Gawd

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    Some people here obviously dont know wtf they're talking about, btc is still new although years old. Seen a vine vid where a subway store is accepting bitcoin and tons of other ppl use it for things other than drugs. People post pics of different purchases over on the bitcoin subreddit. I Got 1 btc roughly a month ago at $125, sold it when it hit $600. It was fun and look forward to seeing it used more.
     
  7. MasonD

    MasonD [H]ard|Gawd

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    How long does it take to mine one bitcoin on a 7970 or above (on average)?
     
  8. kirbyrj

    kirbyrj [H]ard as it Gets

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    I wouldn't mine directly for bitcoin. I'd mine at someplace like Middlecoin.com where you can mine profitable scrypt coins and it converts it to BTC for you and pays out in BTC. But you're looking at 1 BTC every 130-150 days. I've gotten .25 BTC in about 5 weeks on my 7950 at middlecoin.
     
  9. SystemCrash

    SystemCrash [H]Lite

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    this
     
  10. nilepez

    nilepez [H]ardForum Junkie

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    They might use it to infiltrate the new silk road (or similar types of sites). Seems likely that they'd set up fronts where they sell drugs to themselves, give themselves good reviews from lots of unique accounts and go from there.
     
  11. Retronym

    Retronym Something big is coming.

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  12. Omegas

    Omegas [H]ardForum Junkie

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    That is fucking hilarious, but it would turn stupid if they went 2yrs. 10000000% increase!
     
  13. damicatz

    damicatz 2[H]4U

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    The US government and it's Rothschild puppet masters can go fuck itself. I will continue to use Bitcoin regardless of what they think.
     
  14. kirbyrj

    kirbyrj [H]ard as it Gets

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    Coinbase actually has a higher price than Gox right now.
     
  15. gigatexal

    gigatexal [H]ardness Supreme

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    if it's made CNBC time to sell, it's a bubble.
     
  16. osrk

    osrk [H]ard|Gawd

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    liquidate when it went north of 600, while i could have made a little bit more money i have no regrets cashing out of the bubble at a healthy profit. Either way it goes i don't care. Some people will yell it will go to 10k!!! but meh it could also go to $1.
     
  17. osrk

    osrk [H]ard|Gawd

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    edit: I'm still mining bitcoin using video cards for a super healthy profit ;)
     
  18. kirbyrj

    kirbyrj [H]ard as it Gets

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    I wouldn't mine bitcoin direct. You do much better mining scrypt coins. Try middlecoin.com. It switches to the most profitable scrypt coin, converts to BTC, and deposits BTC into your wallet. I make ~$4-5 a day on a single 7950 at current exchange rates. ~$1-2 at lower rates.
     
  19. Qinsp

    Qinsp 2[H]4U

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    Tulip bulbs went 8000% in a year.

    Greed has a very high margin.
     
  20. osrk

    osrk [H]ard|Gawd

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    ya i use hashcows. been pretty happy, i get ~0.02 bitcoin/day with three 7950
     
  21. Elios

    Elios [H]ardness Supreme

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    fine id you dont pay for your own power if you do your losing money at <3 bucks a day
     
  22. awesomedad25

    awesomedad25 n00b

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    The only thing I can say is, I mined bitcoin when it was at $5.00 a coin. I mined 80 coins, and forgot about them. I am now freaking rich, and will be able to pay off my 30 year mortgage soon LOL.
     
  23. nilepez

    nilepez [H]ardForum Junkie

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    SELL! SELL!! SELL!!! That said, I heard that it can be expensive to convert Bitcoins to cash. I have no experience with them, so I don't know what the fee is.
     
  24. kirbyrj

    kirbyrj [H]ard as it Gets

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    1% on coinbase
     
  25. /usr/sbin

    /usr/sbin Successfully Trolled by Megalith

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    About 64,000... a good payday for sure but don't forget about Uncle Sam's cut...
     
  26. Kueller

    Kueller [H]ardness Supreme

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    For that kind of untraceable investment, I would seriously consider taking a Caribbean vacation just to make a cash withdrawal. Or maybe Ireland, that's where Apple and Google like to launder their profits isn't it?
     
  27. Omegas

    Omegas [H]ardForum Junkie

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    it's not like you can't afford it now!
     
  28. kirbyrj

    kirbyrj [H]ard as it Gets

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    Who is to say that it is a capital gain? Just because you have a payment of $X.XX from a bitcoin sale doesn't mean you didn't spend money mining it and purchasing hardware to mine it.
     
  29. Cerulean

    Cerulean [H]ardForum Junkie

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    aaaannd how much electricity are you consuming per day to power your computer and GPU to mine that much per day?
     
  30. Cerulean

    Cerulean [H]ardForum Junkie

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    or invest in a precious metal :D or silver/gold
     
  31. nilepez

    nilepez [H]ardForum Junkie

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    OK, that's not even close to what I read....so I'm not sure where they got their info from...or maybe it was just giving the worst case scenario.
     
  32. nilepez

    nilepez [H]ardForum Junkie

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    Netherlands might be a good place.
     
  33. kirbyrj

    kirbyrj [H]ard as it Gets

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    $0.58 @ $0.08/KW

    Right now, that's around $12/day profit mining LTC on a single 7950. Soooo...I don't understand your point.
     
  34. InternationalHat

    InternationalHat [H]ard|Gawd

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  35. /usr/sbin

    /usr/sbin Successfully Trolled by Megalith

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    I got my cash when I sold them within 2 days.
     
  36. oMek

    oMek Gawd

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    I tired to mine litecoins a few days ago, I have just a single 7950 but figured any profit would be nice. I was getting a 40-50% stale rate. I would really like to get into this and see how it goes but I'm totally lost.
     
  37. Stiletto

    Stiletto [H]ardness Supreme

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    It isn't. It's complicated, but does not take as long as he says. I had my money from my Bitcoin sales in less than 24 hours.

    Also, that site is a really stupid thing to reference.
     
  38. kirbyrj

    kirbyrj [H]ard as it Gets

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    Depends on where you mine and the setup. Each time I set it up it's different on each computer. Kind of a pain to find the perfect setup of memory speed/clockspeed and settings to get the best hash rate without HW errors/stales.

    You just have to keep playing around until you find the best setup for your card.
     
  39. Chihlidog

    Chihlidog [H]ard|Gawd

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    What pool are you using and do you have your miner configured correctly? Use a reliable pool, and make sure you're using stratum, and you should be getting barely any stales.
     
  40. jojo69

    jojo69 [H]ardForum Junkie

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    at least copper is up