Bitcoin Mining!!!!

[byte]

Got a pair of antminer s9's in the mail today, they are supposed to bring in about $1.50 per day each.
If this works I'm gonna try and get something more heavy duty, some of the machines priced around 10,000$ are supposed to bring in $20.00 a day which is starting to sound good.

The high price of bitcoin is providing a good opportunity to make some money handling transactions.

[Bruce Caulley]

I've never considered putting in the effort to set up mining.

We all have a similar story I'm sure, but back when bitcoin was well under $1 I was keen to buy $50 worth.  Literally had my CC out, but the site that I was on looked a bit dodgy and I balked.  The site was most likely legit, I just felt like I was in a Wild West part of the net and got cold feet at the last second.  :regrets:

Cheers

Bruce

[RobertELee]

Don't forget the $4/day in electricity they use!  

[Jim at Gentex]

If you want to make money in crypto you have to invest up front.

Anyone can start a Syscoin Masternode, but you need a top shelf computer with a SSD, a wicked fast internet connection, and a 100K Syscoin token investment up front to seed your wallet. (Today that is about $15K USD)
Masternode owners reap a 70/30 profit margin over miners, so if you want to make real money over the long haul, that's the way to go.

Syscoin is one of the few crypto currencies that has started their own blockchain instead of piggybacking off of Bitcoin's blockchain, so that fact alone is worth getting in on the ground floor.

Some command line Linux skills are required, that's why the average person doesn't want to touch it, but if you have the skills and the money to invest, you can set yourself up nicely for the future.

[Matthew Hajicek]

I mined 2BC back when BC was $0.12 (cost me a burned out video card), then traded in Mount Gox until I had 6 while it went up to around $50.  Sold half, traded up to 6 again, then Mt Gox disappeared.

[Jim at Gentex]

Mark Karpeles ripped everyone off in the Mt Gox fiasco and was never really held accountable.
He got what amounted to a slap on the wrist from the Japanese courts, which was a joke.

I think he was involved in systematically stealing coins the whole time he ran the company, while always using the convenient excuse that it was hackers who were responsible.  Everything points to this being a classic 'inside job', and you don't have to look any further than the head honcho as the culprit.

Some of the lawsuits are still pending, but the stolen coins will never be recovered, nor will Mt. Gox ever be able to make restitution for the estimated $2.4 trillion in USD equivalent that was stolen.  

[Matthew Hajicek]

Yup.

[mkd]

Dogecoin
https://finance.yahoo.com/news/goldman-sachs-director-reportedly-quits-151816315.html">https://finance.yahoo.com/news/goldman- ... 16315.html">https://finance.yahoo.com/news/goldman-sachs-director-reportedly-quits-151816315.html

[Tim Johnson]

"Ten thousand new Dogecoins are programmed to be issued every minute for the rest of eternity, meaning the value was never meant to hold. But pushes from everyone from Elon Musk to Mark Cuban to Guy Fieri have kept it in the spotlight, and traders have decided to defy logic."

That's 600,000 coins every hour. How can the coin value increase at that rate unless it becomes THE World currency. Pelosi did mention eliminating the American currency.  

[mkd]

^^^I didnt know that until this week

Suppose when there are enough coins created, 10,000 coins won't deflate on a percentage basis. But i don't see it holding above $1.00 for long or whatever the balance point works out to be. Gonna need a lot decimal places

[byte]

I'm moving the bitcoin miners to a remote secure location where they can run all the time without bothering anyone.
If the operator is able to keep the money flowing in, I should be able to scale fairly quickly

[So not a Guru]

The world is switching to Unicorn farts & Fairy dust based economies.
How the hell do 0s & 1s have any intrinsic value?

[Here's Johnny!]

[quote="So not a Guru" post_id=11030 time=1620923489 user_id=69]
The world is switching to Unicorn farts & Fairy dust based economies.
How the hell do 0s & 1s have any intrinsic value?
[/quote]

Elon took a huge bite out of the Crypto thing last night.

[marshal]

[quote="So not a Guru" post_id=11030 time=1620923489 user_id=69]
The world is switching to Unicorn farts & Fairy dust based economies.
How the hell do 0s & 1s have any intrinsic value?

Elon took a huge bite out of the Crypto thing last night.
[/quote]

I like that the bitcoin mining isn't environmentally friendly, but charging a tesla is?  Or how about mining the materials for the battery, is that environmentally friendly?

[Here's Johnny!]

[quote="So not a Guru" post_id=11030 time=1620923489 user_id=69]
The world is switching to Unicorn farts & Fairy dust based economies.
How the hell do 0s & 1s have any intrinsic value?

Elon took a huge bite out of the Crypto thing last night.

I like that the bitcoin mining isn't environmentally friendly, but charging a tesla is?  Or how about mining the materials for the battery, is that environmentally friendly?
[/quote]

+100000000000000 to this!!