Bitcoins!

Wrigleyvillain · Jun 3, 2011

I don't know man. Still don't fully understand this nor do I really care to. But I can't help the feeling that someday, like Facebook, you'll wish you just never bothered with it in the first place. If you don't already, at least in the case of the latter.

THRiLL KiLL · Jun 3, 2011

Easy Rhino said:
hey guys, read this. it is very eye opening and pretty much exposes what we all knew to begin with.

http://www.quora.com/Is-the-cryptocurrency-Bitcoin-a-good-idea/answer/Adam-Cohen-2

good read.

PVTCaboose1337 · Jun 3, 2011

erocker said:
What are Bitcoins based upon to give them worth?

Magic.

matteumayo said:
$14.48.

I can't believe my eyes!

WHATEVER YOU DO, DON'T SELL!

I believe this is a sign of things to come

Also, did you know how the stock market crash worked? The stocks kept going up and up and people were like "OMG I GONNA INVEST SUCH A GOOD IDEA FREE MONIES!111!!11!"

Then it crashed. Bitcoin will do this, although I think it hits $50 before that happens.

silkstone · Jun 10, 2011

I just started mining bitcoins, and i gotta say it's confusing as hell. I think i got it down though.

#1 i downloaded a gui client and signed up to a mining pool.
#2 Every time i reach 1 bit coin i will cash out for $20-25 to my paypal account.
#3 buy new hardware with the cash in paypal

It does all seem to be a bit of a ponzi scheme unless it get some major backing it seems bound to fail. but if i can cash out after a couple of weeks, i don't see how i can lose much apart from a few bucks on electricity.

cadaveca · Jun 10, 2011

News i saw yesterday says FBI is invetigating BitCoins, as they are used for drug transactions.

Dunno the veracity of that, but it's enough that I'mma not going anywhere near that.

Captain.Abrecan · Jun 10, 2011

How long does it take to mine a bitcoin? cuz electricity and bandwidth are expensive for me

Easy Rhino · Jun 10, 2011

cadaveca said:
News i saw yesterday says FBI is invetigating BitCoins, as they are used for drug transactions.

Dunno the veracity of that, but it's enough that I'mma not going anywhere near that.

people use cash everyday to buy drugs that doesnt mean everyone who uses crash is a drug dealer. just sayin'

cadaveca · Jun 10, 2011

Easy Rhino said:
people use cash everyday to buy drugs that doesnt mean everyone who uses crash is a drug dealer. just sayin'

NO, that's not the issue...LuLz.

There's just the potential that BitCoin's accounts get frozen by the FBI, and your coins will be worth NOTHING.

It's very much set up to launder funds, the way you have to go to turn it into real cash.

iwas more refering to dude's comment about it being a ponzi scheme...which I do not beleive, at all.

silkstone · Jun 10, 2011

Captain.Abrecan said:
How long does it take to mine a bitcoin? cuz electricity and bandwidth are expensive for me

i think it's on a sliding scale, but it seems that you i can make about $8 a day with my card, although i haven;t confirmed it and it's a lot of estimation.

AphexDreamer · Jun 10, 2011

Yeah I read about that.

They use it because there is no tracing back the money. So its the safest way to buy drugs (Ironic?).

Easy Rhino · Jun 10, 2011

cadaveca said:
NO, that's not the issue...LuLz.

There's just the potential that BitCoin's accounts get frozen by the FBI, and your coins will be worth NOTHING.

It's very much set up to launder funds, the way you have to go to turn it into real cash.

iwas more refering to dude's comment about it being a ponzi scheme...which I do not beleive, at all.

i would be more worried about getting into a car accident today then having the FBI freeze some people's bitcoin accounts.

cadaveca · Jun 10, 2011

Easy Rhino said:
i would be more worried about getting into a car accident today then having the FBI freeze some people's bitcoin accounts.

I'm not concerned with personal accounts. It's the accounts that hold the bitcoin company's funds that would matter.

Fort Gox?

You know, it's like Fort Knox getting emptied...that value would drop sharply, very quickly. This means you need to cash out very often in order to truly protect your interests. And it isn't easy to cash out.

Just liek teh housing market...mortgages became exposed as worthless, peopel started selling, and the actual homeowners got stiffed.

Using and earning BitCoins isn't the issue. It's holding onto your coins that becomes risky.

Easy Rhino · Jun 10, 2011

ah i see what you saying now. but bitcoins isnt centralized like our governments are. i could see an FBI investigation though leading to people liquidating their own personal accounts.

cadaveca · Jun 10, 2011

Easy Rhino said:
ah i see what you saying now. but bitcoins isnt centralized like our governments are. i could see an FBI investigation though leading to people liquidating their own personal accounts.

Yes, that is what I would think would happen, exactly. I mean, earning coins for doing DC projects is very cool...but holding onto them while trying to earn enough to replace hardware is a very slippery slope.

If the FBI goes after Fort Gox hardcore, then alot of people will bail out. I mean, maybe not...BitCons needs to work on that to protect the "investors" from such things.

Which amounts to money laundering, if done wrong.

Easy Rhino · Jun 10, 2011

perhaps. it would take a lot though for the FBI to make any argument against bitcoins that can't be made for any other currency in the world. telling though that they would investigate little old bitcoin while not investigating how the federal reserve spends its money.

cadaveca · Jun 10, 2011

I agree, but you know how hysteria works. I'll wait a bit until they are far more established.

silkstone · Jun 10, 2011

Hmm.. i wish i had started mining when i read this thread first... i love get rich quick schemes. As it is, i'll be happy if i can get (and sell) a single bit coin

n-ster · Jun 11, 2011

I had 15 BTC left over since when I stopped mining (heat

) and made over 400$ lol o.o

matteumayo · Jun 11, 2011

Right now a friend of mine has over $180,000 worth of BTC, lol.

I still have 30, and should have 50 by September.

P.S. get ready for a huge price jump!

I'm thinking <$100 by July.

LAN_deRf_HA · Jun 11, 2011

Why would you try to hold onto bitcoins? Wouldn't you want to cash out as soon as possible? And typically you already have a card for mining. What's the downside here? Seems all you have to do is never buy bitcoins yourself and you wont be at risk of losing anything if it all goes to shit.

matteumayo · Jun 11, 2011

LAN_deRf_HA said:
Why would you try to hold onto bitcoins? Wouldn't you want to cash out as soon as possible? And typically you already have a card for mining. What's the downside here? Seems all you have to do is never buy bitcoins yourself and you wont be at risk of losing anything if it all goes to shit.

1. Because you believe in BTC as a currency.

2. Because the price may go up in the future.

DOM · Jun 11, 2011

i started my 4870 today doing this and how do you get paid ? and is it real money lol

havent read into it just saw u get money for doing it haha

theonedub · Jun 11, 2011

I wonder how BTC works as far as taxes are concerned.

P1n3apqlExpr3ss · Jun 11, 2011

Whats the catch? Theres gotta be something with the AMD generation thing?

edit: Will this work okay with virtualbox running 11.04 unbuntu 64bit in w7 64bit??

n-ster · Jun 11, 2011

If anyone has problems selling, or wants a way to sell fast but cheaper than the actual value, PM me

Virtualbox? The thing needs full access to your GPU

System Name	DarkStar
Processor	i5 3570K 4.4Ghz
Motherboard	Asrock Z77 Extreme 3
Cooling	Apogee HD White/XSPC Razer blocks
Memory	8GB Samsung Green 1600
Video Card(s)	2 x GTX 670 4GB
Storage	2 x 120GB Samsung 830
Display(s)	27" QNIX
Case	Enthoo Pro
Power Supply	Seasonic Platinum 760
Mouse	Steelseries Sensei
Keyboard	Ducky Pro MX Black
Software	Windows 8.1 x64

Processor	Intel Xeon x5660 (4.2ghz)
Motherboard	Gigabyte X58A-UD3R
Cooling	Corsair H100
Memory	24gb (6x 4gb DDR3 1600) Kingston Hyperx
Video Card(s)	XFX Black r290x 4gb ddr5 OC
Storage	6x 2tb 64mb WD drives, Patriot Pyro sandforce2 drive ,intel 180gb ssd
Display(s)	HP w2558hc
Case	Corsair Carbine 500r
Audio Device(s)	X-Fi Pro Fatality
Power Supply	XFX 750 watt
Mouse	Thermaltake Theron ee Sports+
Keyboard	Corsair Vengence k70 RGB Cherry Red
Software	Windows 8.1 x64

System Name	Whim
Processor	Intel Core i5 2500k @ 4.4ghz
Motherboard	Asus P8Z77-V LX
Cooling	Cooler Master Hyper 212+
Memory	2 x 4GB G.Skill Ripjaws @ 1600mhz
Video Card(s)	Gigabyte GTX 670 2gb
Storage	Samsung 840 Pro 256gb, WD 2TB Black
Display(s)	Shimian QH270 (1440p), Asus VE228 (1080p)
Case	Cooler Master 430 Elite
Audio Device(s)	Onboard > PA2V2 Amp > Senn 595's
Power Supply	Corsair 750w
Software	Windows 8.1 (Tweaked)

System Name	Gaming System / HTPC-Server
Processor	i7 8700K (@4.8 Ghz All-Core) / R7 5900X
Motherboard	Z370 Aorus Ultra Gaming / MSI B450 Mortar Max
Cooling	CM ML360 / CM ML240L
Memory	16Gb Hynix @3200 MHz / 16Gb Hynix @3000Mhz
Video Card(s)	Zotac 3080 / Colorful 1060
Storage	750G MX300 + 2x500G NVMe / 40Tb Reds + 1Tb WD Blue NVMe
Display(s)	LG 27GN800-B 27'' 2K 144Hz / Sony TV
Case	Xigmatek Aquarius Plus / Corsair Air 240
Audio Device(s)	On Board Realtek
Power Supply	Super Flower Leadex III Gold 750W / Andyson TX-700 Platinum
Mouse	Logitech G502 Hero / K400+
Keyboard	Wooting Two / K400+
Software	Windows 10 x64
Benchmark Scores	Cinebench R15 = 1542 3D Mark Timespy = 9758

System Name	MHI 0000001
Processor	Intel Pentium D 950 Presler
Motherboard	Asus P5N-32 SLI
Cooling	Stock Air
Memory	4x Corsair ValueRAM DDR2 667 1GB
Video Card(s)	EVGA 9800 GTX
Storage	4x Seagate Barracuda 500GB 7200RPM
Display(s)	HP 17" CRT 1600x1200
Case	Thermaltake Armor Black
Audio Device(s)	Creative Soundblaster
Power Supply	Thermaltake Toughpower 850
Software	Microsoft Windows XP Professional

System Name	Desktop
Processor	i5 13600KF
Motherboard	AsRock B760M Steel Legend Wifi
Cooling	Noctua NH-U9S
Memory	4x 16 Gb Gskill S5 DDR5 @6000
Video Card(s)	Gigabyte Gaming OC 6750 XT 12GB
Storage	WD_BLACK 4TB SN850x
Display(s)	Gigabye M32U
Case	Corsair Carbide 400C
Audio Device(s)	On Board
Power Supply	EVGA Supernova 650 P2
Mouse	MX Master 3s
Keyboard	Logitech G915 Wireless Clicky
Software	The Matrix

System Name	Unknown
Processor	AMD Bulldozer FX8320 @ 4.4Ghz
Motherboard	Asus Crosshair V
Cooling	XSPC Raystorm 750 EX240 for CPU
Memory	8 GB CORSAIR Vengeance Red DDR3 RAM 1922mhz (10-11-9-27)
Video Card(s)	XFX R9 290
Storage	Samsung SSD 254GB and Western Digital Caviar Black 1TB 64MB Cache SATA 6.0Gb/s
Display(s)	AOC 23" @ 1920x1080 + Asus 27" 1440p
Case	HAF X
Audio Device(s)	X Fi Titanium 5.1 Surround Sound
Power Supply	750 Watt PP&C Silencer Black
Software	Windows 8.1 Pro 64-bit

System Name	Homelabs
Processor	Ryzen 5900x \| Ryzen 1920X
Motherboard	Asus ProArt x570 Creator \| AsRock X399 fatal1ty gaming
Cooling	Silent Loop 2 280mm \| Dark Rock Pro TR4
Memory	128GB (4x32gb) DDR4 3600Mhz \| 128GB (8x16GB) DDR4 2933Mhz
Video Card(s)	EVGA RTX 3080 \| ASUS Strix GTX 970
Storage	Optane 900p + NVMe \| Optane 900p + 8TB SATA SSDs + 48TB HDDs
Display(s)	Alienware AW3423dw QD-OLED \| HP Omen 32 1440p
Case	be quiet! Dark Base Pro 900 rev 2 \| be quiet! Silent Base 800
Power Supply	Corsair RM750x + sleeved cables\| EVGA P2 750W
Mouse	Razer Viper Ultimate (still has buttons on the right side, crucial as I'm a southpaw)
Keyboard	Razer Huntsman Elite, Pro Type \| Logitech G915 TKL

System Name	derp
Processor	Athlon II X4 2.8GHz
Motherboard	ASROCK (exact model number not readily available)
Cooling	Lots of fans?
Memory	4gb DDR3 G-Skill
Video Card(s)	PowerColor 1gb 5850 hd
Storage	650gb Seagate
Display(s)	Westington 19" 1440x900
Case	Some Cooler Master case
Power Supply	hec ORION 585w
Software	Windows 7 64-bit

System Name	Obelisc
Processor	i7 3770k @ 4.8 GHz
Motherboard	Asus P8Z77-V
Cooling	H110
Memory	16GB(4x4) @ 2400 MHz 9-11-11-31
Video Card(s)	GTX 780 Ti
Storage	850 EVO 1TB, 2x 5TB Toshiba
Case	T81
Audio Device(s)	X-Fi Titanium HD
Power Supply	EVGA 850 T2 80+ TITANIUM
Software	Win10 64bit

Processor	Intel i7 4770K
Motherboard	Asrock
Cooling	Water
Memory	Team Xtreem LV 16GB (2x8GB)
Video Card(s)	EK Full WB HD7970
Display(s)	CROSSOVER 27Q LED-P 27"
Case	Danger Den Torture Rack
Audio Device(s)	Onboard
Power Supply	CORSAIR Professional Series Gold AX1200
Software	W 10 Pro

System Name	Erakith \|\| AsRock NUCS
Processor	AMD ThreadRipper 2990WX ES (32c/64t 3.5ghz@1.02v) \|\| Intel i7 1360P Raptor Lake-P
Motherboard	MSI X399 MEG Creation \|\| AsRock OE
Cooling	EK Supremacy TR4 Full Nickel, D5 w/ EK Top, 2X EK-CoolStream XTX 360 & Photon 270 Res \|\| OE
Memory	32GB (4x8GB) Corsair Vengeance PRO RGB DDR4 3000\|\| 2x16GB Corsair DDR4
Video Card(s)	Vega 64 EK FC\|\| Intel Iris Xe
Storage	250gb WD Black NVMe & (2) 2TB Intel 660p NVMe \|\| 2TB Corsair MP600 Pro
Display(s)	34" Dell Ultrasharp U3415W
Case	CaseLabs Merlin SM8 \|\| Aluminum Unibody
Power Supply	Corsair HX1000
Mouse	Corsair Harpoon Wireless RGB
Keyboard	Corsair Strafe RGB w/ Cherry MX Silent
Software	Windows 10 Pro x64 \|\| WIndows 11 Pro x64
Benchmark Scores	WCG & F@H Only

Processor	Intel i5 760 @ 3.8
Motherboard	Asus P7P55D-E PRO
Cooling	Thermaltake Contac 29
Memory	2x2 GB G.Skill 1333 CL9
Video Card(s)	Gigabyte 6870 @ 950/1100
Storage	Samsung Spinpoint F3 1TB
Display(s)	AOC 2236VW
Case	Antec 902
Power Supply	Corsair HX-650

Bitcoins!

PTFO or GTFO

Graphical Hacker

My name is Dave

New Member

Linux Advocate

My name is Dave

Linux Advocate

My name is Dave

Linux Advocate

My name is Dave

Linux Advocate

My name is Dave

New Member

New Member

habe fidem

New Member