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Dec 30th, 2023
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 BitCoin Mining?
#12658722
03/05/18 02:16 PM
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Joined: Oct 2007
Posts: 5,082
DavidWhatley
OP
TFF Celebrity
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OP
TFF Celebrity
Joined: Oct 2007
Posts: 5,082 |
Anyone here know anything about it? Anyobe doing it?
Please enlighten us.
"Every man must live with the man that he makes of himself, and the better job he does at molding his character and improving his mind, the better company he will have."
Pauline Whatley
A wise man once said.......Nothing
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Re: BitCoin Mining?
[Re: DavidWhatley]
#12658744
03/05/18 02:26 PM
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Joined: Oct 2010
Posts: 14,702
Frenzy
TFF Guru
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TFF Guru
Joined: Oct 2010
Posts: 14,702 |
The best thing to do is install it on computers at work at let them pay the electric bill. 
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Re: BitCoin Mining?
[Re: DavidWhatley]
#12658860
03/05/18 03:22 PM
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Joined: Jul 2010
Posts: 9,512
TR176
TFF Celebrity
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TFF Celebrity
Joined: Jul 2010
Posts: 9,512 |
There are some excellent stories about the bitcoin mining industry that is operating out of Iceland.
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Re: BitCoin Mining?
[Re: DavidWhatley]
#12658865
03/05/18 03:23 PM
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Joined: Jan 2010
Posts: 19,858
Emit R Detsaw
TFF Guru
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TFF Guru
Joined: Jan 2010
Posts: 19,858 |
I hear the Russians have a large bitcoin mining farm.......
May you be treated the way you treat other people, today and everyday!
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Re: BitCoin Mining?
[Re: DavidWhatley]
#12658896
03/05/18 03:36 PM
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Joined: Oct 2001
Posts: 7,251
Jon
TFF Celebrity
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TFF Celebrity
Joined: Oct 2001
Posts: 7,251 |
I wish I could understand more about it. From what I gather, the amount of computing power that is now needed to mine for bitcoin blockchains is pretty much at the astronomical level. Probably due to the fact their arent many left to mine for. I think there are Collectives for lack of a better word where a ton of people let their computers work together something like the SETI project used to be but I dont think the return is worth the resources expended.
Sort of like the first people who got the easy big nuggets of gold out of the creeks in California at the beginning of the gold rush in the mid 1800s. Then it went down hill from there. Thats what little bit Ive heard about it anyways.
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Re: BitCoin Mining?
[Re: DavidWhatley]
#12658996
03/05/18 04:11 PM
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Joined: Jan 2006
Posts: 14,065
BassFever
TFF Guru
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TFF Guru
Joined: Jan 2006
Posts: 14,065 |
Anyone here know anything about it? Anyobe doing it?
Please enlighten us. You're 10 years late.
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Re: BitCoin Mining?
[Re: BassFever]
#12659016
03/05/18 04:20 PM
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Joined: Mar 2005
Posts: 41,400
butch sanders
TFF Guru
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TFF Guru
Joined: Mar 2005
Posts: 41,400 |
Anyone here know anything about it? Anyobe doing it?
Please enlighten us. You're 10 years late. this
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Re: BitCoin Mining?
[Re: swalker9513]
#12659041
03/05/18 04:28 PM
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Joined: Oct 2010
Posts: 14,702
Frenzy
TFF Guru
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TFF Guru
Joined: Oct 2010
Posts: 14,702 |
I'm not clicking that....nsfw.
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Re: BitCoin Mining?
[Re: DavidWhatley]
#12659228
03/05/18 05:56 PM
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Joined: Mar 2003
Posts: 10,724
Fishin' Nut
TFF Guru
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TFF Guru
Joined: Mar 2003
Posts: 10,724 |
You can download the bit mining software to your laptop. It will take you a little over 1,000 years to mine your first coin.
He is truly a sick individual.
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Re: BitCoin Mining?
[Re: Jon]
#12659730
03/05/18 10:40 PM
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Joined: Jul 2005
Posts: 3,109
Ted Martin
TFF Team Angler
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TFF Team Angler
Joined: Jul 2005
Posts: 3,109 |
I wish I could understand more about it. From what I gather, the amount of computing power that is now needed to mine for bitcoin blockchains is pretty much at the astronomical level. Probably due to the fact their arent many left to mine for. I think there are Collectives for lack of a better word where a ton of people let their computers work together something like the SETI project used to be but I dont think the return is worth the resources expended.
Sort of like the first people who got the easy big nuggets of gold out of the creeks in California at the beginning of the gold rush in the mid 1800s. Then it went down hill from there. Thats what little bit Ive heard about it anyways. That's a pretty solid summation.
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Re: BitCoin Mining?
[Re: DavidWhatley]
#12659770
03/05/18 11:07 PM
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Joined: May 2013
Posts: 11,645
Indianation65
TFF Guru
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TFF Guru
Joined: May 2013
Posts: 11,645 |
If Dr. Nooooooooooo shuts off the world's electricity, then you go broke and die! Better hook your gear up to a pedal bike... ...------ 
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Re: BitCoin Mining?
[Re: DavidWhatley]
#12659775
03/05/18 11:12 PM
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Joined: Feb 2008
Posts: 24,704
Bass Bug
TFF Guru
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TFF Guru
Joined: Feb 2008
Posts: 24,704 |
the bitcoin mining train left the station quit a awhile ago
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Re: BitCoin Mining?
[Re: BassFever]
#12659818
03/05/18 11:57 PM
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Joined: Dec 2003
Posts: 36,291
Allison1
TFF Guru
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TFF Guru
Joined: Dec 2003
Posts: 36,291 |
Anyone here know anything about it? Anyobe doing it?
Please enlighten us. You're 10 years late. Started in 2009, so not quite 10 years The first company that traded bitcoin set the price at 1/8th of a cent per bitcoin. They said at the time in 2009 that was the approximate amount of energy used to mine it. I think it costs thousands of dollars to mine it today. Other than that I have heard nothing except that I saw a headline yesterday about 600 computers that had been in use mining bitcoin were stolen. So obviously someone is still doing it but its more than most would want to spend on it. Bitcoin has a total maximum number which is 21 million bitcoins. Right now there are 16,902,232 bitcoins already in circulation.
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