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Dec 30th, 2023
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 Re: WHY does bitcoin have value?
[Re: Brent S]
#12528934
12/06/17 06:21 PM
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Joined: Oct 2013
Posts: 2,604
UTDmiller
Extreme Angler
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Extreme Angler
Joined: Oct 2013
Posts: 2,604 |
Who all owns some bitcoin? I, along with a group of 3 others, sell our GPU hashing power to miners and get paid fractional bitcoins for our contributions. Essentially we are mining, we are in the black now and i hold on to all my btc payments. Not bad for something we never worry about. The machines run about $34/day in btc, it fluctuates a little bit with price but mainly our $ amount is in the 28-35 range regardless of how much btc it is. Obviously our first few months ended up being the most profitable since bitcoin has quadrupled since june
John Miller
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Re: WHY does bitcoin have value?
[Re: UTDmiller]
#12528943
12/06/17 06:39 PM
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Joined: Jul 2013
Posts: 7,079
Brent S
TFF Celebrity
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TFF Celebrity
Joined: Jul 2013
Posts: 7,079 |
Who all owns some bitcoin? I, along with a group of 3 others, sell our GPU hashing power to miners and get paid fractional bitcoins for our contributions. Essentially we are mining, we are in the black now and i hold on to all my btc payments. Not bad for something we never worry about. The machines run about $34/day in btc, it fluctuates a little bit with price but mainly our $ amount is in the 28-35 range regardless of how much btc it is. Obviously our first few months ended up being the most profitable since bitcoin has quadrupled since june You have a super computer?
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Re: WHY does bitcoin have value?
[Re: Bigbob_FTW]
#12528955
12/06/17 06:46 PM
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Joined: Jan 2006
Posts: 33,105
Scagnetti
TFF Guru
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TFF Guru
Joined: Jan 2006
Posts: 33,105 |
Bitcoin is a must on the dark web. Silk Road could never have come into being if it wasnt for Bitcoin
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Re: WHY does bitcoin have value?
[Re: Brent S]
#12528963
12/06/17 06:52 PM
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Joined: Oct 2013
Posts: 2,604
UTDmiller
Extreme Angler
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Extreme Angler
Joined: Oct 2013
Posts: 2,604 |
Who all owns some bitcoin? I, along with a group of 3 others, sell our GPU hashing power to miners and get paid fractional bitcoins for our contributions. Essentially we are mining, we are in the black now and i hold on to all my btc payments. Not bad for something we never worry about. The machines run about $34/day in btc, it fluctuates a little bit with price but mainly our $ amount is in the 28-35 range regardless of how much btc it is. Obviously our first few months ended up being the most profitable since bitcoin has quadrupled since june You have a super computer? No, 2 rigs running a total of 7 GTX1070s and 5 GTX 1080tis
John Miller
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Re: WHY does bitcoin have value?
[Re: Scagnetti]
#12528978
12/06/17 07:07 PM
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Joined: Oct 2006
Posts: 105,235
Bigbob_FTW
Big Sprocket Bob
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Big Sprocket Bob
Joined: Oct 2006
Posts: 105,235 |
Bitcoin is a must on the dark web. Silk Road could never have come into being if it wasnt for Bitcoin true that.
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Re: WHY does bitcoin have value?
[Re: Uncle Zeek]
#12528992
12/06/17 07:19 PM
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Joined: Mar 2015
Posts: 13,170
UGLYSHCTICK
TFF Guru
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TFF Guru
Joined: Mar 2015
Posts: 13,170 |
I found this Bitcoin on a beach in Florida. Where can I get it appraised? 
Just want to make folks smile, and spit coffee on their keyboard.
If you put beans in your chili, you don't know beans about chili.
God doesn't create temporary people, you will spend eternity somewhere. Choose wisely.
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Re: WHY does bitcoin have value?
[Re: UTDmiller]
#12529000
12/06/17 07:27 PM
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Joined: Jul 2013
Posts: 7,079
Brent S
TFF Celebrity
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TFF Celebrity
Joined: Jul 2013
Posts: 7,079 |
Who all owns some bitcoin? I, along with a group of 3 others, sell our GPU hashing power to miners and get paid fractional bitcoins for our contributions. Essentially we are mining, we are in the black now and i hold on to all my btc payments. Not bad for something we never worry about. The machines run about $34/day in btc, it fluctuates a little bit with price but mainly our $ amount is in the 28-35 range regardless of how much btc it is. Obviously our first few months ended up being the most profitable since bitcoin has quadrupled since june You have a super computer? No, 2 rigs running a total of 7 GTX1070s and 5 GTX 1080tis Wow, some pricey hardware. What would you use all of those cards for, if not mining bitcoins?
Last edited by Brent S; 12/06/17 07:31 PM.
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Re: WHY does bitcoin have value?
[Re: Scagnetti]
#12529036
12/06/17 07:55 PM
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Joined: Dec 2012
Posts: 25,264
lconn4
TFF Guru
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TFF Guru
Joined: Dec 2012
Posts: 25,264 |
Bitcoin is a must on the dark web. Silk Road could never have come into being if it wasnt for Bitcoin Never heard of Silk Road until I looked it up just now. Sounds like government shut them down and took over the operation. 
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Re: WHY does bitcoin have value?
[Re: lconn4]
#12529082
12/06/17 08:23 PM
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Joined: Oct 2006
Posts: 105,235
Bigbob_FTW
Big Sprocket Bob
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Big Sprocket Bob
Joined: Oct 2006
Posts: 105,235 |
Bitcoin is a must on the dark web. Silk Road could never have come into being if it wasnt for Bitcoin Never heard of Silk Road until I looked it up just now. Sounds like government shut them down and took over the operation. 10 more opened up since.
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Re: WHY does bitcoin have value?
[Re: Bigbob_FTW]
#12529094
12/06/17 08:33 PM
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Joined: Dec 2012
Posts: 25,264
lconn4
TFF Guru
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TFF Guru
Joined: Dec 2012
Posts: 25,264 |
Bitcoin is a must on the dark web. Silk Road could never have come into being if it wasnt for Bitcoin Never heard of Silk Road until I looked it up just now. Sounds like government shut them down and took over the operation. 10 more opened up since. Probably all government run to catch the bad guys. 
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Re: WHY does bitcoin have value?
[Re: Mo]
#12529095
12/06/17 08:33 PM
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Joined: Apr 2004
Posts: 5,665
bassfishinglawyer
TFF Celebrity
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TFF Celebrity
Joined: Apr 2004
Posts: 5,665 |
Why did people pay $250 or more for a beanie Baby ?
the belief that it will be worth more in the future.
My belief is that bitcoins will go the way of the beanie baby.
MO https://www.ebay.com/itm/3-1st-Edition-Princess-Diana-Beanie-Babies-MUST-READ/261541425266?hash=item3ce5157072:g:u6MAAOSwu4BVkdA3
Last edited by bassfishinglawyer; 12/06/17 08:34 PM.
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Re: WHY does bitcoin have value?
[Re: Uncle Zeek]
#12529126
12/06/17 09:03 PM
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Joined: Oct 2013
Posts: 2,604
UTDmiller
Extreme Angler
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Extreme Angler
Joined: Oct 2013
Posts: 2,604 |
[quote=Brent S]Who all owns some bitcoin? You have a super computer? No, 2 rigs running a total of 7 GTX1070s and 5 GTX 1080tis Wow, some pricey hardware. What would you use all of those cards for, if not mining bitcoins? Once we broke even i took away one and Built a pretty powerful pc around it. But other than that, not much... once we can no longer sell hashing power they probably wont be worth anything... If they are i can sell them for cheap but they might burn out before that. My buddy was a systems architect over at Methodist hospital and now works for VMWare, he is the guy who knows the most about it in our group and maintains the hardware.
John Miller
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Re: WHY does bitcoin have value?
[Re: UTDmiller]
#12529193
12/06/17 09:55 PM
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Joined: Jul 2013
Posts: 7,079
Brent S
TFF Celebrity
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TFF Celebrity
Joined: Jul 2013
Posts: 7,079 |
Interesting deal, good luck to you guys.
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Re: WHY does bitcoin have value?
[Re: UGLYSHCTICK]
#12529509
12/07/17 01:24 AM
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Joined: Oct 2005
Posts: 86,143
John175☮
MACHO MAN
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MACHO MAN
Joined: Oct 2005
Posts: 86,143 |
I found this Bitcoin on a beach in Florida. Where can I get it appraised? Sweet! Did you get it appraised?
Stress less, relax more. Go fishing.
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Re: WHY does bitcoin have value?
[Re: John175☮]
#12529521
12/07/17 01:34 AM
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Joined: Dec 2012
Posts: 25,264
lconn4
TFF Guru
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TFF Guru
Joined: Dec 2012
Posts: 25,264 |
I found this Bitcoin on a beach in Florida. Where can I get it appraised? Sweet! Did you get it appraised? OT needs an official certified bitcoin appraiser. https://www.udemy.com/bitcoin-certification/
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