hmmmmmmmmmm, very interesting.... but unfortunately I'm still lacking in the GPU department. Might check back in after I upgrade
hmmmmmmmmmm, very interesting.... but unfortunately I'm still lacking in the GPU department. Might check back in after I upgrade
This isn't one of those things where I'll wake up in Bangkok without my spleen is it?
Murph, you should rather think of it as waking up in an exotic holiday destination having lost some weight!
Apologies, The Joker, if you tried to contact me on the email address I gave you in PM. The mail server seems to have crashed, and I've been unable to login for 2 or 3 days now. Rather a nuisance, as I printed up a bunch of flyers to promote this offer, and I can't see the response. Sending you and Caboose my alternate address.
Anyway, Bitcoin is something I encourage everyone to look at. Peer-to-peer currency will be for finance what the internet was for communication. It's transmissable to anyone in the world, at any time, with no intermediaries and for no cost (or a tiny cost for faster verification of payment) There's more to it than I could possibly explain here, so please investigate further.
As for this offer, it's still open to anyone who'd like to give it a shot!
Hey Guys
Sorry to Hijack the OP but here is another internet cash scheme if anybody is interested. Got an invite this morning from another student so I'm passing it on.
Myiyo
My ignore list: n/a
I've been looking at bitcoins and bought some as well. I've also looked at the alt-coins to mine and I can confirm that, on the surface at least, the vulgar one speaks truth.
One day, I'll grow up and become responsible.
Probably not today.
I spent the most of my Friday trying to learn what bitcoins are and how farming them actually works etc.. i have to say i got a little obsessed during my research and i have yet to fully understand, lol.
The idea sounds interesting and i even got a colleague interested
You guys are too little, too late. I started mining about 18 months ago with a mate of mine, then stopped when the "bank" got robbed and the market crashed. My mate continued to mine and cashed out about a month ago. He is now R300 000 richer. He paid no electricity as well, so nice profit. I regret not continuing mining, but hindsight in 20-20.
Last edited by Kuga; 28-04-2013 at 10:57 AM.
Yep, too late for Bitcoin. Even if you've got a ninja bastard PC with two 7970s, you won't be able to compete against the custom mining hardware now hitting the Bitcoin market. You can mine the alt coins instead, but they're risky - like penny stocks compared to blue chips. A lot of the alt coins, which are just forks of the Bitcoin project, are likely going to fail through lack of use.
So, I'm taking a speculative WAG (technical finance term for wild ass guess) on a couple of the alt coins, hoping the network effect will leverage them into useful currency rather than digital curiousities. If these coins crash, you keep your Rands and I'm left holding the bag. If the coins rise instead, I've given you the tools and knowledge to mine them and nothing says you HAVE to sell them, you can just keep 'em.
If I had to make a guess on what's worth mining at this stage (and this is just a guess, don't come crying if the market bombs) it is Litecoin and Teracoin. Keep an eye on Ripple as well. I'd mine these and exchange them for bitcoins. Just my 0.00002BTC.Originally Posted by Vulgaris Magistralis
One day, I'll grow up and become responsible.
Probably not today.
Yes, I mine Litecoin, I think it's got a future. Terracoin I'm less sure of due to their small network size. AFAIK they had an ASIC cranking their network for a while, which drove difficulty up way high for the CPU and GPU guys. IIRC the spike lasted about a week after the ASIC guy left.
The smaller the coin's network, the more vulnerable it is to these kinda "exploits" - read up on the 51% attack, a known vulnerability of all coins (but one succesful coins outpace through network growth). All kinds of games get played with the lower value coins on the exchange side too.
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