Bitcoins

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neptronix
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Re: Bitcoins

Post by neptronix » Jan 21, 2018 2:54 am

Well, we've had some pretty bodacious dips due to the FUD with south korea and the insider trading shit that their government has been doing. Yet, the market is still alive and growing after the weak hands have been shaken out. Crypto certainly isn't going away.

I bought during a couple of those dips. Haven't sold a thing.

I started ethereum mining in 06-2017, and i remember that it was very hard to buy a GPU back then. It's even crazier today.. buying graphics card at the moment is close to impossible.

https://arstechnica.com/tech-policy/201 ... -shortage/

I'm thinking about selling mine at twice the cost because of this insane mismatch between supply and demand.. although the 6-8 dollars a day my computer earns me is pretty hard to turn away from.. :)
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Punx0r
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Re: Bitcoins

Post by Punx0r » Jan 22, 2018 11:29 am

I have access to a twin CPU Xeon e5 2603v4 6-core with 256GB RAM and an Nvidia quadro M4000 graphics card with free electricity that's sat idle 99% of the time. Would this be any use?

GeriatricGeoffrey
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Re: Bitcoins

Post by GeriatricGeoffrey » Jan 28, 2018 9:40 pm

I'm 24 and feel like I'm far too old to even begin to understand this crypto madness.

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Dauntless
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Re: Bitcoins

Post by Dauntless » Jan 29, 2018 12:42 am

GeriatricGeoffrey wrote:
Jan 28, 2018 9:40 pm
I'm 24 and feel like I'm far too old to even begin to understand this crypto madness.
I can scare you even further. The International Monetary Fund has its' own crypto currency. It's called the SDR. Special Drawing Rights. I suspect the basic scam is to get China to be left holding the bag as it collapses, as China buys them up from whomever the IMF gives them out to. China has some gold in their national reserve, but also some U.S. Treasury bonds as well as the SDRs. So an international monetary crisis much as 2008 is really gotta nail them, eh? But it turns out that the richer people in China own 4 times as much gold as their government, in fact they own more than the United States government or all the Eurozone governments. . . .
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neptronix
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Re: Bitcoins

Post by neptronix » Jan 31, 2018 7:04 am

Punx0r wrote:
Jan 22, 2018 11:29 am
I have access to a twin CPU Xeon e5 2603v4 6-core with 256GB RAM and an Nvidia quadro M4000 graphics card with free electricity that's sat idle 99% of the time. Would this be any use?
That would be awesome for mining Monero or any other cryptonote based coin.

I am currently mining turtlecoin ( cryptonote algo ) on 2 of 4 cores on my machine, and ethereum on 2 GPUs.. it's a nice setup..
Putting 12 cores to work on turtlecoin cpu mining would be pretty nice ...
My first major build: 8T MAC motor on a Trek 4500.
The new all-arounder: Leafmotor 1500w on a Turner O2 full suspension.
The wheelie machine: 20" Rear Magic Pie II on a Trek 4300 MTB

"The best time to plant a tree was 20 years ago. The second best time is now."- Chinese Proverb

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neptronix
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Re: Bitcoins

Post by neptronix » Jan 31, 2018 7:07 am

GeriatricGeoffrey wrote:
Jan 28, 2018 9:40 pm
I'm 24 and feel like I'm far too old to even begin to understand this crypto madness.
I'm in my mid 30's.. If i can understand this in a few months of reading every day, you should be able to as well
My first major build: 8T MAC motor on a Trek 4500.
The new all-arounder: Leafmotor 1500w on a Turner O2 full suspension.
The wheelie machine: 20" Rear Magic Pie II on a Trek 4300 MTB

"The best time to plant a tree was 20 years ago. The second best time is now."- Chinese Proverb

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Re: Bitcoins

Post by Dauntless » Feb 01, 2018 3:50 am

GeriatricGeoffrey wrote:
Jan 28, 2018 9:40 pm
I'm 24 and feel like I'm far too old to even begin to understand this crypto madness.
If you really want to do that to yourself, you can learn all about Bitcoin. So would you rather be taught by Princeton? https://www.coursera.org/learn/cryptocu ... ion=enroll Or by actual Bitcoin fraudsters? https://www.coursera.org/learn/ibm-bloc ... developers They're both free if you just want to audit, but if you want a final grade and a certificate to use it on you resume that'll cost you.
Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
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Dauntless
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Re: Bitcoins

Post by Dauntless » Feb 02, 2018 4:53 pm

http://money.cnn.com/2018/01/29/technol ... index.html

A cryptocurrency exchange in Japan is coming under government scrutiny after it said hackers stole $530 million from its users.

The exchange, Coincheck, has promised to partially refund the 260,000 cryptocurrency investors affected by the theft, although it didn't say when it would do so or where it's getting the money from.
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Re: Bitcoins

Post by Dauntless » Feb 07, 2018 4:32 pm

https://www.washingtonpost.com/business ... 40f4d503d4

Oh yeah, here we go. It's for the "Little guy." All this self righteous indignation about how they deserve something for nothing and people want to keep them from what's theirs. Next thing you know they lose big and they're howling about Wall Street did it to them. Not that Wall Street has any power over BItCoin, but it's how the game is played, blame Wall Street. It's all the pavements' fault.

Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
- Arthur C. Clarke

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