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Risky Bisquick posted:0.0016 BTC/day Yeah but this thread is for sensible people using hardware they own for other purposes. You're the outlier we're supposed to mock. Case in point: You're spending over a thousand dollars to buy hardware that you can burn out so it'll make money like, what, the 16 year old at the grocery store who grabs shopping carts from the parking lot does?
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Nov 29, 2017 21:33
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Point is that he's got a captive 16 year old in his basement that's earning him minimum wage income while he goes to work to earn his actual money.
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Nov 29, 2017 21:40
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It's basically SETI@home or protein folding but instead of stats for e-cred, you get e-money
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Nov 29, 2017 21:56
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Peachfart posted:lol, you actually bought cards for mining Bitcoin. I was buying a GPU anyways back in July and it’s paid itself off and made me a hundred bucks beyond that. If homeslice wants to gamble, let him gamble. This poo poo is going even higher now that regular people are hearing about it. It’s gonna crash, no doubt, but that’s not gonna be short term. Or maybe it will. Who knows?! TO THE MOON E: yeah, I work for a living and this bought my kids a Nintendo Switch and accessories. Wish I would have stopped subscribing to the goon hive mind on this a while ago.
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Nov 29, 2017 22:52
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Fired nicehash up on my ryzen 7, gtx 1070, and gtx 1060 laptop and it's averaging just about $5/day  Horay for $0.069/kWh power.
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Nov 29, 2017 23:07
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Prescription Combs posted:Fired nicehash up on my ryzen 7, gtx 1070, and gtx 1060 laptop and it's averaging just about $5/day I forgot that I could be mining on my gaming laptop too. Free money here we come
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Nov 30, 2017 00:07
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tehinternet posted:I was buying a GPU anyways back in July and it’s paid itself off and made me a hundred bucks beyond that. If making fun of earnest Bitcoiners is wrong, I don't want to be right.
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Nov 30, 2017 01:05
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Craptacular! posted:Yeah but this thread is for sensible people using hardware they own for other purposes. You're the outlier we're supposed to mock. Presumably its nice to have that 1/4 minimum wage on top of your real job since the upkeep of bitcoin mining after startup is basically 0 minutes per day. So you are literally getting money for no work, so that makes $2.50 a day appealing. Sure that pays for one whole bill, but its easy to see how two gpus paying for two bills is even nicer. And so on. Its money you get for no work, its not really important how close to minimum wage it is because youre not working, and that person is. If you're worried about "burning out" a GPU, I wouldnt be, but its a non-zero risk. I've been mining on 1.5 cards for less than 6 months and after this friday both cards are paid for (1080ti and 1080). Thats far less than minimum wage, but its two "free" gpus that still retain 90% of the value I bought them for. By far the most time invested is me posting in this thread. Its difficult to find a way to complain about the concept imo. Its really critical that this inconveniences the user very little, because its true it wouldnt be worthwhile if it actually made you do any real work.
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Nov 30, 2017 01:10
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Fauxtool posted:I forgot that I could be mining on my gaming laptop too. Free money here we come Uhhh don’t do that, unless you like melted laptops
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Nov 30, 2017 01:38
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Just put it in mineral oil
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Nov 30, 2017 01:50
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Risky Bisquick posted:It's basically SETI@home or protein folding but instead of stats for e-cred, you get e-money except protein folding is applicably useful work that benefits humanity, versus proof of waste space heaters
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Nov 30, 2017 01:53
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PerrineClostermann posted:Just put it in mineral oil Or manually set GPU settings. I lost less than 1% processing power on my gpu (desktop) doing this. The free heat owns too, my kitty loves bitcoin mining.
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Nov 30, 2017 02:01
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Comfy Fleece Sweater posted:Uhhh don’t do that, unless you like melted laptops Only topping out around 70c on mine! 
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Nov 30, 2017 02:02
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Comfy Fleece Sweater posted:We’re entering uncharted crypto burrito territory here I guess so. But bitcoin is loving all over everything now, big investment money is starting to pour in, but unlike stocks, bitcoin doesn't have a product, it's an alternative currency which if you get down to the fundamentals of currency, alternative currencies only differ from official currencies in the number of people accepting the idea of said currency as a money. Bitcoin was accepted by the S. Korean gov't, and after Thanksgiving is pretty much a household term in the US. Bitcoin is more accepted as a currency worldwide than many government issued currencies. For example bitcoin is sincerely more stable than Zimbabwe bank notes. That said, if you decide to invest in bitcoin, don't forget to post about it so if it drops, everyone can make fun of you. That's really the reason we're all here.
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Nov 30, 2017 02:33
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Computer Serf posted:except protein folding is applicably useful work that benefits humanity, versus proof of waste space heaters Who's to say the 200 billion dollars that appeared out of nowhere wont be used for something useful i mean, probably not, tbh, and I actually think folding at home is great lol, but who am I to say
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Nov 30, 2017 02:35
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Comfy Fleece Sweater posted:Uhhh don’t do that, unless you like melted laptops I bought one with an all aluminum chassis and modern hardware that throttles under high heat. That plus a warranty means I'll be totally fine l
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Nov 30, 2017 03:05
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Batteries don't really like heat that much. If you can take the battery out and just run it on external power I don't see a problem assuming the thing's cooling isn't terrible, but cooking the battery is not great for its life.
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Nov 30, 2017 03:54
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Do what you all want, but I have been laughing at Bitcoin since 2009. I simply won't touch anything to do with it, if you manage to get some VC money out of it, more power to you, but not me!
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Nov 30, 2017 04:26
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Battery is already trashed and only charges to less than half life. As long and it doesn't explode I'll be happy. If it does explode I'll be ok with the free upgrade. I don't have high hopes that it can mine more than a dollar a day, in which case it's not even worth doing. I have been waiting for cheap used AMD gpus for way too long. I'm considering buying a 3rd party Vega 56 soon at msrp. For gaming not mining and hopefully sell at a profit next mining craze Fauxtool fucked around with this message at 04:32 on Nov 30, 2017 |
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Nov 30, 2017 04:28
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tehinternet posted:E: yeah, I work for a living and this bought my kids a Nintendo Switch and accessories. Wish I would have stopped subscribing to the goon hive mind on this a while ago. It's easy to blame our own failures on others, but how long are you actually thinking? Cause a year ago the goon consensus was that bitcoin is high-risk speculation and that the price is based on primarily on irrational exuberance. That's as true now as it was then. willroc7 posted:Yeah and the hosed up thing is they might be right. There were probably scores of people saying the same thing for 3 figures when it was first breaking $1000. There were but when it broke $1000 MtGox was also about to implode, and then the price hovered around $200 for over a year
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Nov 30, 2017 04:49
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Gaming while mining on the secondary GPU in the same box  QuarkJets is a voice of reason, you can't regret not getting in years ago because it was just as much a bad idea then as it is now. Don't risk what you can't afford to lose.
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Nov 30, 2017 04:54
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Risky Bisquick posted:Gaming while mining on the secondary GPU in the same box Regretting not getting in early is the same as regretting not getting in early on penny stocks. Sure would have been great if you knew which one of them was going to spike 10000% this year, and which 99 of them were going to go to zero. Odds are good that even if you had picked it at $0.01, you would have sold at $25, or $100, or $2500, or $8000. Or been hacked, probably. Paul MaudDib fucked around with this message at 20:21 on Nov 30, 2017 |
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Nov 30, 2017 05:06
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Everyone who says they wish they got in at $1 would also have kept it in Mt. Gox.
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Nov 30, 2017 05:14
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What's the best way to store them offline?
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Nov 30, 2017 05:18
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willroc7 posted:What's the best way to store them offline? The general idea of the paper wallet is sound, but there is no reason to prefer a real paper wallet over a properly sandboxed Linux VM instance that you spin up, generate a wallet, and then shut down and encrypt with a strong password/keyphrase/keyfile and back up. Even then, there have been exploits like the Debian SSH keygen turning out to only generate 32768 different keys (a similar vulnerability occurred on some phone wallets). If something like that happens you are hosed regardless, there is no fix for accidentally generating predictable keys.
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Nov 30, 2017 05:27
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a relatively simple option for the extremely paranoid is an electrum wallet on a couple bootable linux usb sticks that you clone and stash in different places.
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Nov 30, 2017 05:29
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Under birdbaths are considered the most secure!
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Nov 30, 2017 05:33
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Paul MaudDib posted:The general idea of the paper wallet is sound, but there is no reason to prefer a real paper wallet over a properly sandboxed Linux VM instance that you spin up, generate a wallet, and then shut down and encrypt with a strong password/keyphrase/keyfile and back up. And even sound ideas in bitcoin get destroyed by the weird sort of cargo cult programming that is prevalent in the bitcoiner community, like asking random.org for random numbers but instead getting back the same error code every time
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Nov 30, 2017 05:33
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Axe-man posted:Under birdbaths are considered the most secure! Galactic Federation mole detected. I'm onto you, Phoenix Person.
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Nov 30, 2017 05:37
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QuarkJets posted:And even sound ideas in bitcoin get destroyed by the weird sort of cargo cult programming that is prevalent in the bitcoiner community, like asking random.org for random numbers but instead getting back the same error code every time I mean but what if Intel had compromised /dev/random using RDRAND!? Let's use a trusted source of randomness, like an unencrypted HTTP connection to Some Random Guy's server!  Lol what do you want to bet that the NSA is/could be the biggest holder of bitcoins right now Paul MaudDib fucked around with this message at 06:23 on Nov 30, 2017 |
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Nov 30, 2017 05:45
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the safest way to store your bitcoins is as dollars in a real bank
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Nov 30, 2017 06:31
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1gnoirents posted:the safest way to store your bitcoins is as dollars in a real bank no it's in NAS parts that you have purchased from newegg
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Nov 30, 2017 06:34
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Paul MaudDib posted:no it's in NAS parts that you have purchased from newegg hah look at the bottom made in china suckersss
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Nov 30, 2017 06:43
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1gnoirents posted:hah /begins desperately overturning possessions playing the long con 
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Nov 30, 2017 06:44
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Storing your seed: https://www.youtube.com/watch?v=0itq1dAJ41I The method is debunked in an early comment, but an entertaining video nonetheless.
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Nov 30, 2017 08:20
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A good friend of mine has $90k in bitcoins, discuss.
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Nov 30, 2017 14:19
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Mr. Crow posted:A good friend of mine has $90k in bitcoins, discuss. I think you mean 90k of internet tokens. Only discussion required is: try to cash out a large amount.
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Nov 30, 2017 14:30
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1st_Panzer_Div. posted:I guess so. But bitcoin is loving all over everything now, big investment money is starting to pour in, but unlike stocks, bitcoin doesn't have a product, it's an alternative currency which if you get down to the fundamentals of currency, alternative currencies only differ from official currencies in the number of people accepting the idea of said currency as a money. Bitcoin was accepted by the S. Korean gov't, and after Thanksgiving is pretty much a household term in the US. Bitcoin is more accepted as a currency worldwide than many government issued currencies. For example bitcoin is sincerely more stable than Zimbabwe bank notes. Just Like Money except for its inherently deflationary design which will drive massive price spikes and cyclical crashes. Enjoy your tulips
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Nov 30, 2017 16:16
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Axe-man posted:I think you mean 90k of internet tokens. Only discussion required is: try to cash out a large amount. Oh look 2 of the top exchanges just went down. Oops. (This actually happened like a few hours ago). You'd probably get away trying to cash out a few $k but any real money transaction would more than likely get stopped by the exchange.
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Nov 30, 2017 16:19
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The currency  should stabilize once futures are listed on CBOE and CME. Right now it's the wild west with massive pump and dumps against let's call them 100% retail investors who go all in bullishly on margin and well... https://twitter.com/YoloCapMgmt/status/936045815973294080
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Nov 30, 2017 16:20
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