Thread: Money Bitcoin Take?
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Old 04-11-2013, 08:33 PM   #46
alnorth alnorth is offline
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Join Date: Dec 2002
Quote:
Originally Posted by teedubya View Post
I have 25 bitcoins that I've been playing with... bought a few months ago for around $10... I took a $250 risk and now it's worth over $2500.

I love the concept of it, since I hate the greedy international bankers in control of the central banks, fractional reserve banking, and fiat currency.
I wish I would have gotten into mining bitcoins a couple years ago with my computer. People who did that early made money if they cash out now.

Thats probably the only thing worthwhile about bitcoin, you can use your computer to try to earn a tiny fraction of a bitcoin per day, and then sell them to speculators for real money until this bubble pops. At this point though, the difficulty level for earning bitcoins has been raised so much, that it wont pay the electric bill for the watts your CPU is burning trying to earn them. I'm not even bothering to switch from giving my computer cycles away for free in BOINC.

If you leave your computer on running idle 24/7 even when you aren't using it, it still might be worth doing. At these current high exchange rates, if you join a mining pool you might make enough fractions of a bitcoin to buy a coke each week or two.
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