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Yrat
Hello

Registered: 11/08/07
Posts: 2,312
Last seen: 2 years, 11 months
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Re: Why isn't anyone talking about BTC??? [Re: memes]
#19166388 - 11/20/13 04:53 PM (10 years, 3 months ago) |
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meams, i am impressed.
the last time we talked and you bought some homemade soaps, you told me you didn't know much about bitcoin!
-------------------- "There are a thousand hacking at the branches of evil to one who is striking at the root." -Henry David Thoreau Strike The Root
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Atrium
Cunt Tickler

Registered: 08/18/13
Posts: 1,284
Last seen: 3 years, 5 months
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Re: Why isn't anyone talking about BTC??? [Re: Yrat]
#19166503 - 11/20/13 05:25 PM (10 years, 3 months ago) |
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Alright I'm willing to take the risk. Really, it's only $400 and I'm willing to risk it. I have a scholarship interview, I just nailed an interview at the newest Walmart (still not open) so I'm down to risk a paycheck.
I wanted to know what website is safe to make a bank transfer with or Visa (if any even accept that). I just see many different sites being sketch and I wanna make this painless as possible so I'm asking people who know instead of searching Google.
-------------------- The only thing about Chemistry I like is all the psychedelics that come from it. The only reason I study Psychology is to have a legitimate excuse to enjoy Chemistry.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: Why isn't anyone talking about BTC??? [Re: Atrium]
#19166845 - 11/20/13 06:29 PM (10 years, 3 months ago) |
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Quote:
Jamesdnh said: Alright I'm willing to take the risk. Really, it's only $400 and I'm willing to risk it. I have a scholarship interview, I just nailed an interview at the newest Walmart (still not open) so I'm down to risk a paycheck.
I wanted to know what website is safe to make a bank transfer with or Visa (if any even accept that). I just see many different sites being sketch and I wanna make this painless as possible so I'm asking people who know instead of searching Google.
You cant generally buy with visa or any refundable payment. Its too easy to scam the seller that way. You need to buy with cash or other nonrefundable means.
Let me suggest that you could also invest in a 7970 graphics card and mine LTC. That way you have a kick ass video card, you can sell it when/if LTC tank and you can get LTC without having to buy from somebody who is sketch.
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Atrium
Cunt Tickler

Registered: 08/18/13
Posts: 1,284
Last seen: 3 years, 5 months
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Re: Why isn't anyone talking about BTC??? [Re: DieCommie]
#19166934 - 11/20/13 06:46 PM (10 years, 3 months ago) |
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Only if it'll run on a shitty 2011 laptop from BestBuy. I have an I3 processor. Intel HD 3000 graphics etc. Asus K54C.
Cheap enough, and not power draining, tell me how much it could make in X amount of time. I might be down with it. If it is a power drainer vs. coins mined situation, maybe I'll buy one then go live in the college dorms leaving my laptop mining like a mother fucker all day err day.
-------------------- The only thing about Chemistry I like is all the psychedelics that come from it. The only reason I study Psychology is to have a legitimate excuse to enjoy Chemistry.
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Viveka
refutation bias


Registered: 10/21/02
Posts: 4,061
Last seen: 7 years, 4 months
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Re: Why isn't anyone talking about BTC??? [Re: Atrium]
#19167308 - 11/20/13 08:13 PM (10 years, 3 months ago) |
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Sure, that'll fit in yer laptop
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: Why isn't anyone talking about BTC??? [Re: Viveka]
#19167464 - 11/20/13 08:44 PM (10 years, 3 months ago) |
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If you want to start mining some LTC, these pages would be helpful for starting an analysis on possible rates of return on investment, etc.
https://litecoin.info/Mining_hardware_comparison http://www.litecoinminingcalculator.com/
Look up how many kH/s a card will get you, see how many LTC/dollars that will get you a month. Then be sure to include other effects like the increase in difficulty (expect the amount you get per month to drop) and the cost of electricity.
I may buy a couple 7970s, I think its likely I could get them to pay for themselves and then some.
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Atrium
Cunt Tickler

Registered: 08/18/13
Posts: 1,284
Last seen: 3 years, 5 months
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Re: Why isn't anyone talking about BTC??? [Re: Viveka]
#19167847 - 11/20/13 10:12 PM (10 years, 3 months ago) |
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I saw one that was like $4,000 top of the line for mining that ran on USB 2.0 and you could connect it to a Windows/Mac/Linux AND an Android phone to mine a shit ton constantly.
Plus hey, if I bought one of those, like I said, I'd keep it running 24/7 in my dorm room and just go do other shit like homework on another computer or something.
Right now I can't because I live with another family and would hate to be a burden even moreso on them with a huge electric bill.
'Tis why I need money I guess. Can't have freedom until you live by yourself. Can't live by yourself until you have money.
-------------------- The only thing about Chemistry I like is all the psychedelics that come from it. The only reason I study Psychology is to have a legitimate excuse to enjoy Chemistry.
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Viveka
refutation bias


Registered: 10/21/02
Posts: 4,061
Last seen: 7 years, 4 months
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Re: Why isn't anyone talking about BTC??? [Re: DieCommie]
#19168635 - 11/21/13 04:39 AM (10 years, 3 months ago) |
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Quote:
I may buy a couple 7970s, I think its likely I could get them to pay for themselves and then some.
I figured you already had some 7970's, you've been mining BTC for a few years no?
I haven't researched the mechanics of mining LTC much but I do recall reading that CPU is more effective for LTC in contrast to GPU with BTC. I even recall that there is a new class of CPU(some 4 letter acronym) that's been developed specifically for mining crypto.
The other question is, join a poool or mine on your own. For BTC you almost certainly go in with a pool(unless you had an array or a comparatively massive host farm) but with LTC I'm not so sure. It seems CPU mining solo might still be worth it. Even if LTC continues to follow as +/- 2% of BTC?
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Viveka
refutation bias


Registered: 10/21/02
Posts: 4,061
Last seen: 7 years, 4 months
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Re: Why isn't anyone talking about BTC??? [Re: Atrium]
#19168637 - 11/21/13 04:46 AM (10 years, 3 months ago) |
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Quote:
I saw one that was like $4,000 top of the line for mining that ran on USB 2.0 and you could connect it to a Windows/Mac/Linux AND an Android phone to mine a shit ton constantly.
Plus hey, if I bought one of those, like I said, I'd keep it running 24/7 in my dorm room and just go do other shit like homework on another computer or something.
USB display adapter huh? First I've heard of or considered it.
I can see the potential exploitation of the campus power draw for mining, what could they say if they came around to give you a hard time? Just tell them you need this current to work on your doctorate(assuming you're working on an 'original contributon'), hey, thesis, whatever. Might as well, make those Uni's work for all they taxpayer money they've made a springboard of.
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nooneman


Registered: 04/24/09
Posts: 14,608
Loc: Utah
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Re: Why isn't anyone talking about BTC??? [Re: Atrium]
#19168660 - 11/21/13 05:13 AM (10 years, 3 months ago) |
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These prices are ridiculous. They're great for bitcoin miners, but bad for the currency. If a stock jumped as much as bitcoin has, any smart investor would sell everything. Price rises this dramatic are never natural, they're always bubbles that pop.
Right now is also a terrible time to invest due to the insane amounts it would have to further rise (from an already insanely high amount) in order to gain even a small return on investment.
The only thing it's a good time for is mining and selling.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: Why isn't anyone talking about BTC??? [Re: nooneman]
#19169080 - 11/21/13 09:07 AM (10 years, 3 months ago) |
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Quote:
nooneman said: The only thing it's a good time for is mining and selling.
Not really. The mining difficulty has gone up much faster than the value. Its not a good environment for mining at all.
There is nothing about this high price that is bad for the currency as a currency. Its the price volatility that is a problem. If bitcoins settled on ten thousand dollars a piece or ten cents a piece, each would be viable as long as the price wasn't so volatile.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: Why isn't anyone talking about BTC??? [Re: Viveka]
#19175050 - 11/22/13 02:25 PM (10 years, 3 months ago) |
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Quote:
Yrat said: meams, i am impressed.
the last time we talked and you bought some homemade soaps, you told me you didn't know much about bitcoin!
Those soaps are amazingggggg (seriously, you should all PM yrat and get some of his soap). I burn through a bar, spend a few weeks with soem irish spring garbage, and then crack another. 
That being said, when BTC blew up and i started kicking myself for ignoring it for so long, i figured i'd learn, as there'd likely be more innovations like this (or that follow this general development model) in the future.
Quote:
Viveka said: I haven't researched the mechanics of mining LTC much but I do recall reading that CPU is more effective for LTC in contrast to GPU with BTC. I even recall that there is a new class of CPU(some 4 letter acronym) that's been developed specifically for mining crypto.
I read that the LTC is about 4x easier to mine than the BTC. So, generally speaking, LTC should be ~25% the value of BTC. Theoretically.
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Yrat
Hello

Registered: 11/08/07
Posts: 2,312
Last seen: 2 years, 11 months
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Re: Why isn't anyone talking about BTC??? [Re: memes]
#19175276 - 11/22/13 03:27 PM (10 years, 3 months ago) |
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the total supply of LTC will also cap out at about 4x that of BTC
-------------------- "There are a thousand hacking at the branches of evil to one who is striking at the root." -Henry David Thoreau Strike The Root
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MisterMuscaria



Registered: 05/13/08
Posts: 27,646
Loc:
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Re: Why isn't anyone talking about BTC??? [Re: Atrium]
#19175303 - 11/22/13 03:34 PM (10 years, 3 months ago) |
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I had bitcoins when they were 35 cents a pop. I sold a few at $18 I sold a few at $35 I sold a few at $145.
I coulda made hundreds of thousands of dollars if I wasnt so certain it would crash.
I wont even look at mt.gox anymore.
That being said they are not a viable currency IMO nor are they valuable to generate money on from mining. they are purely valuable for the selling and reselling and that is a boat that has long since sailed. best wait for the next one.
How about instead of bitcoins we talk about silver. Did you know silver is back under $20?
Edited by MisterMuscaria (11/22/13 03:49 PM)
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Tsukasa
sky high


Registered: 11/10/12
Posts: 599
Last seen: 7 years, 7 months
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Re: Why isn't anyone talking about BTC??? [Re: Mush4Brains]
#19175401 - 11/22/13 03:59 PM (10 years, 3 months ago) |
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Quote:
Mush4Brains said: Bitcoins used to be <$1 per coin. Man, if you could have only invested then 
BTC is a fad. It will die and fizzle and people will lose tons of money.
I agree. The US government is all ready working on getting rid of it because it's so hard to trace. Not that it can't be done. But almost every thing illegal online is bought with bitcoins. It's only a matter of time. SR falling and getting as big as it did didn't help bitcoins at all either.
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psyconaught
Chemical Connoisseur


Registered: 11/04/10
Posts: 6,100
Last seen: 7 years, 3 months
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Re: Why isn't anyone talking about BTC??? [Re: Tsukasa]
#19175517 - 11/22/13 04:27 PM (10 years, 3 months ago) |
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Quote:
Tsukasa said:
Quote:
Mush4Brains said: Bitcoins used to be <$1 per coin. Man, if you could have only invested then 
BTC is a fad. It will die and fizzle and people will lose tons of money.
I agree. The US government is all ready working on getting rid of it because it's so hard to trace. Not that it can't be done. But almost every thing illegal online is bought with bitcoins. It's only a matter of time. SR falling and getting as big as it did didn't help bitcoins at all either.
actually in a way the publicity behind silk road and the bust helped affirm bit coins as a legitimate currency. When SR shut down there was barely a blip in the market, showing that a majority of bit coin uses are legitimate.
-------------------- Think for yourself, question authority
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MisterMuscaria



Registered: 05/13/08
Posts: 27,646
Loc:
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Re: Why isn't anyone talking about BTC??? [Re: psyconaught] 1
#19176388 - 11/22/13 08:18 PM (10 years, 3 months ago) |
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I was hoping for a crash in bitcoins after it shutdown...instead what happened is they quintupled in value seemingly overnight.
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John Nada
Toujours Frais

Registered: 03/03/03
Posts: 97,746
Loc: Hotwings; race car
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Re: Why isn't anyone talking about BTC??? [Re: DieCommie]
#19190225 - 11/26/13 02:19 AM (10 years, 2 months ago) |
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Haha, I just compared the 30 day and 6 month charts for bitcoin and litecoin and they match almost exactly. I've heard something to this effect mentioned, but I didn't know it was that close.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: Why isn't anyone talking about BTC??? [Re: John Nada]
#19191278 - 11/26/13 10:31 AM (10 years, 2 months ago) |
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I think LTC has gone up faster than BTC. Especially last night... I'm glad I haven't been cashing out my LTC into BTC.
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chopstick
nobody



Registered: 07/26/08
Posts: 5,155
Loc: Chin's Wok
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Re: Why isn't anyone talking about BTC??? [Re: DieCommie]
#19192113 - 11/26/13 01:35 PM (10 years, 2 months ago) |
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The day will come when BTC's are worth 10's of thousands of $ each. Might as well just aquire as many of them as you possibly can now.
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