Bitcoin: it rocks

[Cortexian]

nvidia cards are not for mining, you use more power than the money you mine.
Look at your speeds, it's ridiculous for that price and power consumption, I get 400k hashes whit my 7870, which costs 1/4 of your card and uses like 60W @ 1.1V

Duh. You think I'm doing this for profit?

I could say that AMD cards aren't for mining either. Unless you ASIC you doing it wrong maaaaan.

[sehe]

There are no ASIC miners for LTC, that's the point of the coin. But okay then, tho since I guess u have lot of money, you could just buy a second PC with 2x7950/7970 and mine LTC or FTC 24/7, I would really do this if I could. You don't really have anything to lose as the price would come back after 1 month I guess + "free" heating. And bitcoins are probably the future money that will replace the current centralized money controlled by the zionist (nice dreams huh?).

[Limited]

Ah Bitcoin, if only I bothered to listen to pyong more, I ran it for a few days back in 2010 and got bored.

I still do have a coin though.

What you guys mining now then? Dogecoins is a real thing?

[Patrickssj6]

Had to read up on all those currencies lol didn't know that there are so many already

Also, just hijack some power line :P

[Warsaw]

There are no ASIC miners for LTC, that's the point of the coin. But okay then, tho since I guess u have lot of money, you could just buy a second PC with 2x7950/7970 and mine LTC or FTC 24/7, I would really do this if I could. You don't really have anything to lose as the price would come back after 1 month I guess + "free" heating. And bitcoins are probably the future money that will replace the current centralized money controlled by the zionist (nice dreams huh?).

I've got two 7970s that I'm going to use for this while I'm not using the PC for stuff. :o

Also, the issue with Bitcoin, etc., is that right now it only has any worth because people are assigning real-money value to it. It doesn't have mind-share or market-share enough to be a stand-alone currency. When you get right down to it, cryptocurrency is absolutely horrible because all it is is value being assigned to wasted energy. That's energy you are not ever going to get back that you burned just to increase the size of a virtual wallet that can get wiped in a keystroke.

[Dwood]

Which is why we need to actually start using it for transactions. This whole idea that something only has value because we assign one to it, is the idea of nearly almost any currency ever created. Cryptocurrencies are awesome because there is only a limited amount of them, you can't print them off indefinitely to increase the amount or decrease it. Sure, value of it can change, but not because of inflation.

[Patrickssj6]

I just don't like the fact that precious energy is used as a countervalue. If the surplus of getting coins would be calculating something useful, I would do this as well.

Of course this is nowhere comparable to the energy "waste" of gathering other resources but I would have liked something more useful out of something this modern.

[Warsaw]

If hashing a bitcoin actually served some useful purpose, i.e. protein folding, I'd be okay with it. But it doesn't do that, and so using it as a currency is still a dick move. Besides, bitcoin is still a fat-cats game; he who has the most real-money to purchase the newest, fastest ASICs wins. Then, those fatcats make bitcoin a mainstream currency and continue to exercise dominance.

No, cryptocurrency remains a broken system. The only reason I'm doing it is because I can profit from it and to not take advantage of the opportunity would be unwise, but the concept is asinine. Whoever invented it is a genius for the hoax he's pulling over everybody.

[Dwood]

But, isn't that true with all methods of attempting to earn a living? He who invests the most time/effort/energy/money into something will get the most out of it? Also, the main reason i don't buy an ASIC is because they're useless outside of their realm of mining bitcoins.

[Btcc22]

x

So what you're saying is that you're a bit of a hypocrit?