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Anyone Mining BitCoins?
    #14162209 -

I just started and was wondering if anyone had made a good amount off it?
It seems like it has the possibility of putting banks out of business if it catches on. It also intrigued me that it was a way to transfer money completely anonymously and has a capped inflation rate.

Info- http://www.bitcoin.org/


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"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162225 -

I don't understand the concept :shrug:


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Sit up and meditate, there's no time to contemplate.
-------------------------------------------------
I have an international Hitech Psytrance project with a friend: BioChronic
I make various form of Psytrance as a solo Project Dendriform

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Re: Anyone Mining BitCoins? [Re: Psy Baba]
    #14162245 -

yeah i just read the website and i don't get it.

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Re: Anyone Mining BitCoins? [Re: Psy Baba]
    #14162260 -

DuNeRaVeR said:
I don't understand the concept :shrug:


Currently currency is an agreed upon value set by what people will pay. Like $39 =  4oz Gyokuro green tea
BitCoin is the same as it relies on an agreed upon value.
Currently 50.65BTC(bitcoin)= $39 = 4oz Gyokuro green tea(if the person selling accepts BTC)


--------------------

"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162274 -

Salvia_Antics said:
DuNeRaVeR said:
I don't understand the concept :shrug:


Currently currency is an agreed upon value set by what people will pay. Like $39 =  4oz Gyokuro green tea
BitCoin is the same as it relies on an agreed upon value.
Currently 50.65BTC(bitcoin)= $39 = 4oz Gyokuro green tea(if the person selling accepts BTC)


But, you would have to buy bitcoin with real money? so it is just adding another step?


--------------------
---------------------------------------------------
Sit up and meditate, there's no time to contemplate.
-------------------------------------------------
I have an international Hitech Psytrance project with a friend: BioChronic
I make various form of Psytrance as a solo Project Dendriform

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Re: Anyone Mining BitCoins? [Re: curious mouse]
    #14162276 -

The mining part is still out of my reach of explanation. But its like folding@home but you get bitcoin for it. There is a limited number of coins thus the cap on inflation.


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"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: Psy Baba]
    #14162300 -

DuNeRaVeR said:
Salvia_Antics said:
DuNeRaVeR said:
I don't understand the concept :shrug:


Currently currency is an agreed upon value set by what people will pay. Like $39 =  4oz Gyokuro green tea
BitCoin is the same as it relies on an agreed upon value.
Currently 50.65BTC(bitcoin)= $39 = 4oz Gyokuro green tea(if the person selling accepts BTC)


But, you would have to buy bitcoin with real money? so it is just adding another step?


Well if your mining it you dont have to buy bitcoin. Also If you want to be paid for "risky" things there is the anonymousness to it.


--------------------

"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162314 -

Quote:
Also If you want to be paid for "risky" things there is the anonymousness to it.


AlertPay, brosef.


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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162498 -

But why would anyone accept it as "legal tender"?


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The Prophecy!

Learn To Code

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Re: Anyone Mining BitCoins? [Re: The Whale]
    #14162501 -

im confused to how do you anonymousey buy and/or mine bitcoins


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We were sent to hell for eternity :hellfire: Ø:omgawesome:h®
We play on earth to pass the time :foreheadslap:

Over-population the root of all Evil-brings the Elites Closer to the gates.

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162510 -

Salvia_Antics said:
DuNeRaVeR said:
I don't understand the concept :shrug:


Currently currency is an agreed upon value set by what people will pay. Like $39 =  4oz Gyokuro green tea
BitCoin is the same as it relies on an agreed upon value.
Currently 50.65BTC(bitcoin)= $39 = 4oz Gyokuro green tea(if the person selling accepts BTC)



but cant I make all this bitcurrency I want?


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California Has Legalized Child Prostitution

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Re: Anyone Mining BitCoins? [Re: Prisoner#1]
    #14162528 -

no no no only the website is allowed to digitally print as much as they want, triangle scheme's only work if your the eye at the top of it


--------------------
We were sent to hell for eternity :hellfire: Ø:omgawesome:h®
We play on earth to pass the time :foreheadslap:

Over-population the root of all Evil-brings the Elites Closer to the gates.

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Re: Anyone Mining BitCoins? [Re: makaveli8x8]
    #14162533 -

makaveli8x8 said:
no no no only the website is allowed to digitally print as much as they want



so it's central banking on the internet... yay


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California Has Legalized Child Prostitution

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Re: Anyone Mining BitCoins? [Re: Prisoner#1]
    #14162554 -

blewmeanie said:
But why would anyone accept it as "legal tender"?


Because they are? I dont know. People are trading goods with it so its not totally bunk.

makaveli8x8 said:
im confused to how do you anonymousey buy and/or mine bitcoins


That sorta explains it http://en.wikipedia.org/wiki/Bitcoin
Quote:


Prisoner#1 said:
Salvia_Antics said:
DuNeRaVeR said:
I don't understand the concept :shrug:


Currently currency is an agreed upon value set by what people will pay. Like $39 =  4oz Gyokuro green tea
BitCoin is the same as it relies on an agreed upon value.
Currently 50.65BTC(bitcoin)= $39 = 4oz Gyokuro green tea(if the person selling accepts BTC)



but cant I make all this bitcurrency I want?


Not without putting the CPU cycles in. I believe there is something blocking counterfeiting which i can't explain currently.

I dont know everything about it I just found out about it today and was intrigued by it.


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"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162559 -

so i contribute cpu cycles to doing????? and i get an unspecified amount of "bit" play money that i can spend on?????


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Re: Anyone Mining BitCoins? [Re: Prisoner#1]
    #14162560 -

Free money? What's the catch?


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The Psychedelic Salon -- Erowid -- MAPS -- The Genesis Generation

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Re: Anyone Mining BitCoins? [Re: Prisoner#1]
    #14162566 -

Prisoner#1 said:
makaveli8x8 said:
no no no only the website is allowed to digitally print as much as they want



so it's central banking on the internet... yay


Actually its complete opposite of that. Its a P2P currency, completely decentralized. Which is what makes it so interesting and makes it resilient to being taken down.


--------------------

"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162577 -

Salvia_Antics said:
Prisoner#1 said:
makaveli8x8 said:
no no no only the website is allowed to digitally print as much as they want



so it's central banking on the internet... yay


Actually its complete opposite of that. Its a P2P currency, completely decentralized. Which is what makes it so interesting and makes it resilient to being taken down.



lol... one source for the coin and it's not central banking


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California Has Legalized Child Prostitution

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162578 -

ok so we donate cpu cycles, and in return we get bits, and we use those on what our energy bill?


--------------------
We were sent to hell for eternity :hellfire: Ø:omgawesome:h®
We play on earth to pass the time :foreheadslap:

Over-population the root of all Evil-brings the Elites Closer to the gates.

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Re: Anyone Mining BitCoins? [Re: bryguy27007]
    #14162581 -

zenthor said:
so i contribute cpu cycles to doing????? and i get an unspecified amount of "bit" play money that i can spend on?????


The cpu cycles are unlocking the currency at a specific rate for a controlled inflation over time until it caps out. Thats about all I know on that. 50 bitcoins per "block" solved. Bitcoins can be sold for money currently at $1 = .77 bitcoins.


bryguy27007 said:
Free money? What's the catch?


Technically its not totally free. The power used to run the cpu cycles or GPU cycles costs money. Although the value of bitcoins is supposedly above what it costs to get them in electricity. For now it is said to be profitable.


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"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162593 -

so ive got like 3k blocks so far, am i rich? how can i tell how many blocks are solved? where can i trade the coins for usd?


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Re: Anyone Mining BitCoins? [Re: Prisoner#1]
    #14162597 -

makaveli8x8 said:
ok so we donate cpu cycles, and in return we get bits, and we use those on what our energy bill?


Yes :smile: but as I said its supposedly still profitable.

Prisoner#1 said:
Salvia_Antics said:
Prisoner#1 said:
makaveli8x8 said:
no no no only the website is allowed to digitally print as much as they want



so it's central banking on the internet... yay


Actually its complete opposite of that. Its a P2P currency, completely decentralized. Which is what makes it so interesting and makes it resilient to being taken down.



lol... one source for the coin and it's not central banking


You can buy bitcoins. Maybe i don't know what you are saying. The money stays on your computer it isnt stored anywhere else.


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"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: makaveli8x8]
    #14162598 -

Sounds like someone is skimming a % to me. If somthin sounds to  good to be true it  usually is.


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Nixon was a asshole. Just look at his biggest creation. Ladies and gentlemen, I give you the DEA.

Which secretly stands for Demonizing Everyone by Allegations.

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Re: Anyone Mining BitCoins? [Re: DarkMatterOfFact]
    #14162617 -

also its only using about 5% of my cpu, can i crank it up to 100% for more money?


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Re: Anyone Mining BitCoins? [Re: kintos]
    #14162625 -

zenthor said:
so ive got like 3k blocks so far, am i rich? how can i tell how many blocks are solved? where can i trade the coins for usd?


The blocks you see adding up at the bottom of your bitcoin client are not blocks you have generated. It has to download all completed blocks before it starts to generate coin. Currently the number of blocks is
114503.

If you want more info on Mining, general info, market info, etc. go here http://www.bitcoin.org/smf/index.php


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"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162651 -

so...you havn't cashed in yet i take it?


--------------------
We were sent to hell for eternity :hellfire: Ø:omgawesome:h®
We play on earth to pass the time :foreheadslap:

Over-population the root of all Evil-brings the Elites Closer to the gates.

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Re: Anyone Mining BitCoins? [Re: makaveli8x8]
    #14162665 -

makaveli8x8 said:
so...you havn't cashed in yet i take it?


I dont have enough to make it worth cashing in yet. Cashing in being either buying USD or trading it for an actual good.


Heres a general podcast about it(not specifically pointed at you makaveli8x8)

Also a chart of values and such http://bitcoincharts.com/markets/



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"The dream is dreaming itself"--Kalahari Bushmen

Edited by Salvia_Antics (03/22/11 12:54 AM)

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14162706 -

might set up my old comp to sit and mine all day.

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Re: Anyone Mining BitCoins? [Re: curious mouse]
    #14163535 -

How have I not heard about this before now?!
It's been out for two years, you have failed me internet.
So much for going to sleep any time soon...now to get comfy, smoke up and watch bitcoins get generated!!

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Re: Anyone Mining BitCoins? [Re: thebehnjamin]
    #14163566 -

As I understand it, you basically sell a service (computing power) in return for a cash equivalent. That cash equivalent then has some technical doodles to make it susceptible to other forms of fraud than regular cash or bank transfers, but less susceptible to theft than plain old cash.

The fact that the total amount of bitcoins is limited to 21 million, but the return service isn't (overall computing power can be anticipated to grow according to Moore's Law, at least for a few years to come), make the system exhibit a phenomenon inverse to inflation, with the real value of a bitcoin rising over time (deflation). Economists will probably argue that this innate tendency towards deflation is the biggest drawback to the bitcoin system, as it ultimately will discourage production, growth and investment, while favoring saving and disproportionally enforcing the economic strength of the rich.

Its only merit in my opinion is the secure nature of transactions, although this is probably not much more secure than bank-to-bank transactions. The essential method of value creation is at least as dangerous as that of the regular economy, and I therefore see little advantage in implementing it on a wider scale than its original intended purpose.

If you don't like banks, you could argue that an advantage to bitcoins is that it is a system that can function without banks as we know them. Instead of a bank, however, you end up with a single bitcoin governance entity, which arguably is even more difficult to control and keep in check than banks as we know them now. So I would argue that if you don't like the role of banks in the recent credit crunch and the overall shortcomings of our economic system, then bitcoins is the last thing you should consider, as it will only concentrate the power of all banks into one central authority on which the entire economic system is dependent.

Oh yeah, and due to the inherent dynamics of bitcoin, with its limited total of 21 million and the intended behavior that more aspects of the economy than only the selling of computing power are gradually sucked into the bitcoin economy, it is predictable (intended?) that existing currencies, including the US dollar, will drop in value as the bitcoin economy grows. This makes it particularly dangerous to migrate from the currently used monetary economy to a bitcoin economy, as the latter does not allow for a fixed exchange rate to maintain market stability during the period of migration.

Edited by koraks (03/22/11 08:59 AM)

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Re: Anyone Mining BitCoins? [Re: koraks]
    #14163791 -

There was several really good Podcasts covering Bitcoin in detail on Security Now with Steve Gibson from http://steve.grc.com. He covered the topic in depth and how to make money. In the three or four weeks he has been doing it, he solved a computational block and earned 50 bitcoins.

The idea makes perfect sense, in theory anyway. Steve Gibson is a leader in security and cryptography and has scrutinized bitcoin, and it passed. I will be watching closely (but not participating).

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Re: Anyone Mining BitCoins? [Re: daytripper05]
    #14163804 -

It makes sense from a technical/cryptographic viewpoint. To me, it doesn't from a broader economic viewpoint. I think it's important to separate the two, because it might be desirable to implement the security aspects in regular economic/transaction systems while not inheriting its economic vulnerabilities.

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Re: Anyone Mining BitCoins? [Re: koraks]
    #14163808 -

koraks said:
The fact that the total amount of bitcoins is limited to 21 million, but the return service isn't (overall computing power can be anticipated to grow according to Moore's Law, at least for a few years to come), make the system exhibit a phenomenon inverse to inflation, with the real value of a bitcoin rising over time (deflation). Economists will probably argue that this innate tendency towards deflation is the biggest drawback to the bitcoin system, as it ultimately will discourage production, growth and investment, while favoring saving and disproportionally enforcing the economic strength of the rich.



That's not completely the way I understand how it works. The way the system scales overtime to the influx users, faster CPU's, and bitcoin farming, at least from my understanding, is one of the things that makes the system so great.

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Re: Anyone Mining BitCoins? [Re: curious mouse]
    #14163831 -

curious mouse said:
might set up my old comp to sit and mine all day.


I would look in to joining a pool if you have an old processor or are not running your GPU. Its really hard to solve a block without a fast CPU/GPU on your own.


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"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: daytripper05]
    #14163881 -

daytripper05 said:
That's not completely the way I understand how it works. The way the system scales overtime to the influx users, faster CPU's, and bitcoin farming, at least from my understanding, is one of the things that makes the system so great.


Well, I'm no expert here either, but what is clear to me is that the economy of bitcoins cannot scale upwards. Those 21 million bitcoins form a mathematical limit. So the currency is capped to a fixed value, but the other side of the balance, the product or service whose value is represented in bitcoins, is not limited. So as the products and services grow, the only way of accommodating for that increasing value is to raise the value of the bitcoin. This is the fundamental difference from the monetary economy, in which the total amount of currency is some representation (although a thoroughly fucked up one, but that's a different story) of the 'real' value in the form of physical goods and services. Hence, the total amount of currency is adjusted upwards as we exploit (or expect to exploit) new resources, either physical or virtual.

Based on this discrepancy between bitcoins and currency, I fear that both systems are essentially incompatible, but I'm no economist, so I'm willing to accept well-founded views on that.

Edited by koraks (03/22/11 10:36 AM)

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Re: Anyone Mining BitCoins? [Re: koraks]
    #14164535 -

So this is safe to run? I'm skeptical of it. But if I could get 20 bucks or whatever for it that would be great.


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The Psychedelic Salon -- Erowid -- MAPS -- The Genesis Generation

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Re: Anyone Mining BitCoins? [Re: bryguy27007]
    #14164637 -

I just read a little on it and I started mining. It said it should take about a year to get 50 bitcoins.


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The Psychedelic Salon -- Erowid -- MAPS -- The Genesis Generation

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Re: Anyone Mining BitCoins? [Re: bryguy27007]
    #14165260 -

bryguy27007 said:
I just read a little on it and I started mining. It said it should take about a year to get 50 bitcoins.


Solo mining is a gamble, you increase your chances of solving a block and getting 50 BTC by having a highend GPU. If you dont have a high end GPU i would recommend joining a pool, where the rewards are consistent and handed out according to the amount of work your processor put in. If you look in here http://www.bitcoin.org/smf/index.php?board=14.0 there is a few pools floating around accepting members.


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"The dream is dreaming itself"--Kalahari Bushmen

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Re: Anyone Mining BitCoins? [Re: koraks]
    #14165525 -

koraks said:
daytripper05 said:
That's not completely the way I understand how it works. The way the system scales overtime to the influx users, faster CPU's, and bitcoin farming, at least from my understanding, is one of the things that makes the system so great.


Well, I'm no expert here either, but what is clear to me is that the economy of bitcoins cannot scale upwards. Those 21 million bitcoins form a mathematical limit. So the currency is capped to a fixed value, but the other side of the balance, the product or service whose value is represented in bitcoins, is not limited. So as the products and services grow, the only way of accommodating for that increasing value is to raise the value of the bitcoin. This is the fundamental difference from the monetary economy, in which the total amount of currency is some representation (although a thoroughly fucked up one, but that's a different story) of the 'real' value in the form of physical goods and services. Hence, the total amount of currency is adjusted upwards as we exploit (or expect to exploit) new resources, either physical or virtual.

Based on this discrepancy between bitcoins and currency, I fear that both systems are essentially incompatible, but I'm no economist, so I'm willing to accept well-founded views on that.


Here is my perspective. Gold (or any precious metal) is not a good representation of money, because in theory the only way to get more money is go out and dig it out of the ground. (So even if the economy needs more money, if we don't have enough gold, there is no more money.) Gold is gold, and can be sold for money, but it's not money. It was simply the best representation of the currency at the time. Money is really just a scale to judge how much something is worth, obviously...

A system like bitcoin is good because it can regulate with mathematics exactly how fast currency is created based on the number of users creating it, and how fast it's being spent, and a number of other variables. The more coins that are spent, the more new coins that are created. This system would no partisanship, and would not discriminate or cave it the idiot people screaming for bailouts. A system like bitcoin is ideal for the free market.

Like you, I am no expert. I was trying to offer another perspective. You weren't wrong in any way from my understanding, and what I am saying isn't contradicting you, just another interpretation based on the podcast(s) i listened too. I am pretty sure I am not explaining it totally correct though.

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Re: Anyone Mining BitCoins? [Re: daytripper05]
    #14165617 -

i'm pretty sure i don't understand it, because it seems to me like every person using bitcoin has to be aware of every transaction?  despite the block-chain thing this still seems ridiculous.

Also the way coins are generated is pretty goofy.  They should have partnered with a bank.  Done some shit like second life or that other game i don't recall, europa universe?


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Stop fucking with RCs.  People have died, and more are gonna die.
Newest Track: Untitled 33 (version f) <<--- click

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14165860 -

If anyone actually makes any $, let me know.  then I will have proper interest.


--------------------
---------------------------------------------------
Sit up and meditate, there's no time to contemplate.
-------------------------------------------------
I have an international Hitech Psytrance project with a friend: BioChronic
I make various form of Psytrance as a solo Project Dendriform

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Re: Anyone Mining BitCoins? [Re: Psy Baba]
    #14553098 -

I've been looking at mining but the recent difficulty jumps are making small time mining quite hard and I don't really have a spare grand to build a decent miner :\

Really interested in it though, considering building a few projects around it.

For what it's worth, they're currently at about $10.5USD/Bitcoin.

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Re: Anyone Mining BitCoins? [Re: at0m]
    #14553146 -

I'll stick to precious metals TYVM.


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http://yourlogicalfallacyis.com/

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Re: Anyone Mining BitCoins? [Re: Shins]
    #14553449 -

bitcoins? more like . . . poo-coins!

grammar is the new currency, dogg, just ask Jared Loughner


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"Yeah, he's a professor...... OF BEING A DOG!"

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Re: Anyone Mining BitCoins? [Re: DrMambo]
    #14553546 -

Haha I heard of bit coins before. It's might as well be compared to third world currency. Useless.


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$30 Stir plates
Agar's Grain Liquid Culture Tek
How to case

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Re: Anyone Mining BitCoins? [Re: Breakfast Crew]
    #14553558 -

Bitcoins are inflationary too... and at least you can burn Dollars for heat.


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http://yourlogicalfallacyis.com/

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #14554074 -

Heh, I thought I might see a few posts about this here after that big ole article on wired about silk road :lol:.


--------------------
"I only ever hope to reach equilibrium, in Nature's matrix, in line with the meridian" ~ Jehst

:sun: "...and I know that I have to keep breathing, as tomorrow the sun will rise, who knows what the tide will bring?" :sun:

Free Spore Ring Europe
Send any spare spore prints you might have and help the distribution :grin:

Open Source. Freedom.  GNU/Linux

Addicting is not a word.

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Re: Anyone Mining BitCoins? [Re: Cepheus]
    #14554100 -

In essence you can trade computer power for dr00gz.

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Re: Anyone Mining BitCoins? [Re: MisterMuscaria]
    #14554125 -

MisterMuscaria said:
In essence you can trade computer power for dr00gz.


So you could farm servers instead of plants and get WeeEED?

How can you evade taxes with BitCoins?


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http://yourlogicalfallacyis.com/

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Re: Anyone Mining BitCoins? [Re: Shins]
    #14554135 -

From my understanding the stuff goes through Swiss channels.

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Re: Anyone Mining BitCoins? [Re: MisterMuscaria]
    #14572325 -

You can't tax something that people don't know you have. There's no names, ID, addresses or even (really) IPs. It doesn't specifically go through any single channel either. The swarm handles it.

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Re: Anyone Mining BitCoins? [Re: at0m]
    #14572378 -

Tada! :dumblol:

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Re: Anyone Mining BitCoins? [Re: MisterMuscaria]
    #14573024 -

MisterMuscaria said:
In essence you can trade computer power for dr00gz.


That would be a lot of computer power. How does one benefit from receiving bit coins?


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Re: Anyone Mining BitCoins? [Re: mellowparty]
    #14573610 -

i fucking love the internet :durrhurr:


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Re: Anyone Mining BitCoins? [Re: learningtofly]
    #20102001 -

Hi everybody. If you bought 50$ worth of bitcoins while discussing it in this thread, and then you held onto your 50$ worth of bitcoins it would currently be worth 33,000$


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Re: Anyone Mining BitCoins? [Re: teamkiller]
    #20102007 -

Oops.

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Re: Anyone Mining BitCoins? [Re: psi]
    #20103060 -

i don't know why i bumped the SECOND oldest thread mentioning bitcoin, instead of just bumping the oldest, but you know how it is.

in like 2 weeks i'm going to bump the first mention of dubstep.


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Re: Anyone Mining BitCoins? [Re: Psy Baba]
    #27309157 -

Psy Baba said:
Salvia_Antics said:
DuNeRaVeR said:
I don't understand the concept <img src="https://files.shroomery.org/smileys/shrug.gif" alt=":shrug:" title=":shrug:"/>


Currently currency is an agreed upon value set by what people will pay. Like $39 =  4oz Gyokuro green tea
BitCoin is the same as it relies on an agreed upon value.
Currently 50.65BTC(bitcoin)= $39 = 4oz Gyokuro green tea(if the person selling accepts BTC)


But, you would have to buy bitcoin with real money? so it is just adding another step?


Damn most expensive tea ever hope you learned something and took the advice cheers to you if you did mate..


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Re: Anyone Mining BitCoins? [Re: teamkiller]
    #27309176 -

just for historical reference if you bought $50 worth at the price then of $10.5 USD and held it. It would now be worth $238,095.23 at a price of $50,000 per btc and a market cap of one trillion USD will be interested to see what it is 10 years from now hello from the past I hope Mars is fun, shrooms are legal and you are super rich from buying btc..


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Re: Anyone Mining BitCoins? [Re: Shroomterd] * 1
    #27309449 -

Reading the first page of this post  :mindblown:

Wish I would have bought and kept some back then :lol:


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54. The true nature of things is to be known personally , through the eyes of clear illumination and not through a sage : what the moon exactly is , is to be known with one's own eyes ; can another make him know it?

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #27401087 -

This thread is amazing for contextual and historical purposes!


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"Real knowledge is to know the extent of one’s ignorance." — Confucius

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Re: Anyone Mining BitCoins? [Re: Salvia_Antics]
    #27401314 -

Empaccy said:
Is it profitable to trade now? And in general, is it worth buying bitcoin now? Or the course can go down a lot?
Although if you look here at what the bitcoin rate was recently, it looks quite optimistic.
Do you think there will be further growth?


I buy once there's a new ATH then ride the bubble. I usually sell once the "big ones" like Elon Musk or larger hedge funds say they've bought (they are trying to pump). This worked really nice earlier this year, got in at $20000, sold between $45000 to $50000, around the time the bubble popped. Don't be too greedy.


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LAGM2022

Edited by BSUUF2 (07/25/21 08:04 AM)

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