Bitcoins and Other Crypto-currencies

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Daiakuma
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PostRe: Bitcoins and Other Crypto-currencies
by Tell Karl his brother is dead » Mon Dec 09, 2013 5:52 pm

Winckle wrote:
Grumpy David wrote:Winckle said I was buying "libertarian moron bucks" back in March.

Those moron bucks have earned me a fair bit since then.

Starjo wrote:85% of it's value lost in a week.

Who would have thought that magical Libertarian beanie babies being mined out of imaginary money mines would be so unstable?

Merry Falsemas wrote:http://bitcoincharts.com/charts/mtgoxUSD#rg10ztgMzm1g10zm2g25zv

cool currency - where can I buy some?


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:lol: Haven't seen anyone be that owned in a while.

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Donk
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PostRe: Bitcoins and Other Crypto-currencies
by Donk » Mon Dec 09, 2013 6:08 pm

If he's cashed out on a high, you'll look terribly stupid.

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Tell Karl his brother is dead
Daiakuma
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PostRe: Bitcoins and Other Crypto-currencies
by Tell Karl his brother is dead » Mon Dec 09, 2013 6:19 pm

If he did cash out on a high it would still essentially be getting rich by stealing lunch money from a special school. Playing the imbecile market isn't worth it - even if you win, you'll still look like a moron.

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That's not a growth
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PostRe: Bitcoins and Other Crypto-currencies
by That's not a growth » Mon Dec 09, 2013 6:23 pm

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Tell Karl his brother is dead
Daiakuma
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PostRe: Bitcoins and Other Crypto-currencies
by Tell Karl his brother is dead » Mon Dec 09, 2013 6:27 pm

Yeah, you're right, I'm just bitter because I poured all my savings into Runescape gold. :(

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That's not a growth
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PostRe: Bitcoins and Other Crypto-currencies
by That's not a growth » Mon Dec 09, 2013 6:31 pm

Might as well start investing in an eve ship.

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andretmzt
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PostRe: Bitcoins and Other Crypto-currencies
by andretmzt » Mon Dec 09, 2013 6:33 pm

With the inflation in New Eden? No that's a bad investment.

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No new exclusive PS4 games.
No longer free MP for PS4.

Microsoft win E3.
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Irene Demova
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PostRe: Bitcoins and Other Crypto-currencies
by Irene Demova » Mon Dec 09, 2013 6:35 pm

Little Donkey wrote:If he's cashed out on a high, you'll look terribly stupid.

Remind me of all those other people who've managed to successfully cash out bitcoins

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Fatal Exception
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PostRe: Bitcoins and Other Crypto-currencies
by Fatal Exception » Mon Dec 09, 2013 6:41 pm

You can buy Ouya games with Bitcoins.

:slol:

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Grumpy David
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PostRe: Bitcoins and Other Crypto-currencies
by Grumpy David » Mon Dec 09, 2013 6:48 pm

Cashed out original investment and then some. 8-) No loss suffered whatsoever. Even to sell with 85% loss from peak would be pure profit, though only mugs sell when down. I'm in it for the long run.

Got my Vanguard lifestrategy stock & shares ISA running alongside it for actual investing too.

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That's not a growth
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PostRe: Bitcoins and Other Crypto-currencies
by That's not a growth » Mon Dec 09, 2013 6:48 pm

The Ouya is still going? Woah.

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John Galt
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PostRe: Bitcoins and Other Crypto-currencies
by John Galt » Mon Dec 09, 2013 8:47 pm

Meep wrote:Yeah, I was thinking about that after seeing that ridiculous graphic card rig. :lol: Surely if we are going to use a virtual currency there are methods of doing it that don't require wasting massive amounts of fuel solving meaningless equations. Not very environmentally friendly.


Would have been good if they combined it with one of those cancer research tools that they ask people to run in the background of their PC, or any other worthwhile task that involves significant computations. I'd love to see some comparisons as to how much power/how many computations have gone in to mining Bitcoin versus something like World Community Grid.

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Christmas CrackErrkal
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PostRe: Bitcoins and Other Crypto-currencies
by Christmas CrackErrkal » Tue Dec 10, 2013 6:13 am

You can have it run in the background there are loads of programs that so just that using cpu or gpu to mine but in a normal pc.

The rigs are just the next step if you want alot higher yields out because the hardware is asic device, they look like graphics cards but arnt they cant do any graphic card work they just crunch these numbers to get through as many hashes a second as possible.

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GM
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PostRe: Bitcoins and Other Crypto-currencies
by GM » Tue Dec 10, 2013 3:37 pm

'Running in the background' is a great way to burn out your CPU/graphics card. Mining pools and ASIC rigs have destroyed the ability to mine on normal machines, you'll pay more in electricity than you'll get back in libertarian FunBucks.

Unless you want a really expensive, silicon based heater this winter.

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Meep
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PostRe: Bitcoins and Other Crypto-currencies
by Meep » Thu Dec 12, 2013 12:04 am

You won't process information any more efficiently by doing it in the 'background'. The tiny yields produced by doing on your ordinary PC probably mean it's not worth the cost. A cycle is a cycle.

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Mobzy
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PostRe: Bitcoins and Other Crypto-currencies
by Mobzy » Thu Dec 12, 2013 12:53 am

Invest in "Dogecoins". Memes ftw

strawberry float sigs.
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GM
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PostRe: Bitcoins and Other Crypto-currencies
by GM » Thu Dec 12, 2013 1:28 am

Meep wrote:You won't process information any more efficiently by doing it in the 'background'. The tiny yields produced by doing on your ordinary PC probably mean it's not worth the cost. A cycle is a cycle.


If that was at me, I wasn't trying to imply it was. I meant that mining 'in the background' is destroying your components just as much as it would be otherwise, they're still getting used (largely at full throttle) more than any normal use case.

It's all moot anyway because anyone starting now is more likely to eat their graphics cards than mine bit/butt/lite/doge/cosbycoins with them.

And apparently Americans can now include Bitcoin in their retirement funds. Genius, when their customers kill themselves they won't have to pay a dime.

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John Galt
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PostRe: Bitcoins and Other Crypto-currencies
by John Galt » Tue Dec 17, 2013 9:25 pm

Bitcoins are now trading around the $700 mark -roughly 40% down from where they were two weeks ago and the same price as a month ago. I think they will either stabilise between $600-800 or the price will drop significantly to a few hundred dollars.

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Venom
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PostRe: Bitcoins and Other Crypto-currencies
by Venom » Tue Dec 17, 2013 9:31 pm

During the hype 3-4 weeks ago Litecoin was about £35 per coin. Currently down to £14.

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satriales
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PostRe: Bitcoins and Other Crypto-currencies
by satriales » Tue Dec 17, 2013 11:27 pm

It was obviously going to go down for Xmas as everyone needs money and cashes out. It will shoot up again in a few weeks.


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