What is it? What do you know about it and should I start "mining" for it?
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Well I had heard of it before but i just found this calculator thing.
https://bitclockers.com/calc
Looks like at current market price ~$13/BTC. That with an $150 investment you could make about $261/mo.
BUT, this is using a new kind of "computer" that is specifically tailored to mining BTC, none of these have come out yet, they're expected this month sometime. When they do come out, there is going to be an effect on the BTC value but people aren't sure just yet.
I don't know, for $150, even if the price plummets to $4 you could still make $80/mo.
Thoughts? (obviously, i'd be prepared to lose the $150)
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It's like the PirateBay version of currency. Sounds neat and has an edgy/hacker feel to it, but it's really very unpredictable and not safe at all. From what I gather, it's typically only used for illegal online transactions (drugs, media, etc).
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It's one of those things that was worth it when it first got started but is of middling value today and will probably drop in value in the future.
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Your online bank account which houses USD can be hacked as readily as any BitCoin account (with plenty of evidence that bitcoin transactions are more secure and more anonymous than any USD online transaction).
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Crypto currency that actually seems promising. Like any other currency there are exchanges and exchange rates that vary over time.... when I have more time I'll write up some more on this
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Why couldn't someone to make an app for PS3 that could mine bit coins? Like a Folding @Home for bit coins.
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The Govn't could come out tomorrow and say that bitcoin transactions are illegal and completely devalue the currency.
$150 of BTC on this date is now worth ~$700k.mv09 said:Quote:
Well I had heard of it before but i just found this calculator thing.
https://bitclockers.com/calc
Looks like at current market price ~$13/BTC. That with an $150 investment you could make about $261/mo.
BUT, this is using a new kind of "computer" that is specifically tailored to mining BTC, none of these have come out yet, they're expected this month sometime. When they do come out, there is going to be an effect on the BTC value but people aren't sure just yet.
I don't know, for $150, even if the price plummets to $4 you could still make $80/mo.
Thoughts? (obviously, i'd be prepared to lose the $150)
If you're gonna be investing and prepared to lose it all, I rather put $150 on some pennystock than Bitcoins.