Florida Shooters Network

Anyone know the ins/outs of crypto currency mining? Not the basics of what is it, but in depth where to/how to advice on the on the equipment etc. needed to mine your own?

Unless you can run on someone else's plug, you won't earn more than you're paying. Buddy was running at 2kw/h, 48 hours, for ~$7 (at the $20k bitcoin price)... power bill at $0.12 is about $11.50... Maybe getting close to even now, but it's not El Dorado.

Bet on black, let the wheel spin, and try and get as many free drinks as you can before you're too far down.

yea I used to, when it was cheap; then I lost a wallet with 120+ coins in it. wife still can't forget that

use AMD Radeon card to do it, a critical instruction for calculating hashes takes 1 cycle on those GPUs, nVidia took 2, making AMD hardware way more efficient at it. or at least that used to be the case several years ago. oh and dont get me started on Tor and The Silk Road... those were the days...

armedpolak wrote: ↑Fri Jan 08, 2021 12:28 pm yea I used to, when it was cheap; then I lost a wallet with 120+ coins in it. wife still can't forget that

120 Bitcoins = $4.8M today - hard to forget indeed

Springfield wrote: ↑Fri Jan 08, 2021 1:15 pm

armedpolak wrote: ↑Fri Jan 08, 2021 12:28 pm yea I used to, when it was cheap; then I lost a wallet with 120+ coins in it. wife still can't forget that

120 Bitcoins = $4.8M today - hard to forget indeed

tell me about it! it was a long randomly generated wallet password; I have the wallet but the password I wiped accidentally. oh well

I remember Tor and Silk Road! I gave buying $1,000 worth of BTC when they were $1.20 each a hard look. But I told myself, only criminals use this for shady things on Silk Road don't get yourself on some hacker list or whatever.....biggest financial mistake of my entire life.

MiamiOffshore wrote: ↑Fri Jan 08, 2021 1:48 pm I remember Tor and Silk Road! I gave buying $1,000 worth of BTC when they were $1.20 each. But I told myself, only criminals use this for shady things on Silk Road don't get yourself on some hacker list or whatever.....biggest financial mistake of my entire life.

+10000000000000000

MiamiOffshore wrote: ↑Fri Jan 08, 2021 1:48 pm But I told myself, only criminals use this for shady things on Silk Road don't get yourself on some hacker list or whatever.....

There still isn't much legal use of it, and anyone who tells you otherwise is just hoping their financial investment in it keeps going up.

I'm glad I didn't buy in at 8 cents when I first heard about it. I probably would have done something stupid and ended up with a criminal record because of it.

zeebaron wrote: ↑Sun Jan 10, 2021 9:57 pm There still isn't much legal use of it...

https://paybis.com/blog/companies-that-accept-bitcoin/

https://99bitcoins.com/bitcoin/who-accepts/

https://www.trustnodes.com/2018/05/20/u ... ment-taxes

https://coinjournal.net/news/peninsula- ... nt-method/

Tenzing_Norgay wrote: ↑Sun Jan 10, 2021 11:27 pm

zeebaron wrote: ↑Sun Jan 10, 2021 9:57 pm There still isn't much legal use of it...

https://paybis.com/blog/companies-that-accept-bitcoin/

https://99bitcoins.com/bitcoin/who-accepts/

https://www.trustnodes.com/2018/05/20/u ... ment-taxes

https://coinjournal.net/news/peninsula- ... nt-method/

Yes. My point still stands.

How much do you spend of your investment on things you would normally buy with USD?