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PerrineClostermann posted:Whatever bitconnect purported to be, looks like they decided to cash out. A 17 year old on youtube named cryptonick made a million bucks with referrals lol Also it was a ponzi. They promised at least 1% return per day also lol 
Don Lapre fucked around with this message at 17:49 on Jan 17, 2018 |
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Jan 17, 2018 16:59
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I dont know what nist5 is but I want to thank it for helping me through these troubled times  
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Jan 17, 2018 18:13
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Nitrousoxide posted:Folks are posting their cryto portfolios on a discord I'm in. gonna need an invite to that discord
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Jan 17, 2018 19:45
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BTC just went under 10k, RIP
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Jan 17, 2018 19:52
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tehinternet posted:BTC just went under 10k, RIP Its funny how things change in just a few weeks lol. But yeah nothing is looking great. It still seems to be legislation based concern but BTC/day has dropped about 12% on Nicehash. Still considerably better off than the 70% value drop in the last 10 days but the tide is shifting onto miners finally. I've been watching all morning and there is quite a trading frenzy, the slippage is incredible
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Jan 17, 2018 20:04
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/r/bitconnect reopened if anyone wants a laugh. https://www.reddit.com/r/Bitconnect/comments/7qs2o7/serious_question_what_strong_evidence_is_there/
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Jan 17, 2018 20:22
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Don Lapre posted:/r/bitconnect reopened if anyone wants a laugh. Lol. Our education system has failed.
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Jan 17, 2018 20:52
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tehinternet posted:BTC just went under 10k, RIP
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Jan 17, 2018 21:07
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if you have been cashing out regularly like you should you would be fine. Miners are still doing fine. Its the people hodling that are suffering
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Jan 17, 2018 21:08
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Mining profits are driven by spot price so don't act like this doesn't hurt the pool as well
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Jan 17, 2018 21:10
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quote:Most people on bitconnects neck really have no idea what the diffrence is between a ponzi and bitconnect. https://www.reddit.com/r/Bitconnect/comments/7pre5j/does_anyone_know_someone_that_has_lost_money_with/ Dont these people know that EVERYONE makes money in a ponzi until everyone doesn't.
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Jan 17, 2018 21:42
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I heard some money sounding words once and I'd like to use them too. Or: I know what I'm talking about I'm using words just like people on TV.
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Jan 17, 2018 21:49
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BangersInMyKnickers posted:Mining profits are driven by spot price so don't act like this doesn't hurt the pool as well i went from$20 a day to $15, still easily worth doing
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Jan 17, 2018 22:22
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Are you still able to cash out with everyone running for the door?
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Jan 17, 2018 22:29
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My 1070 is down to around $3 a day on nicehash, so it might be time to turn it off. That's sorta the demarcation line for me.
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Jan 17, 2018 22:29
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Lockback posted:My 1070 is down to around $3 a day on nicehash, so it might be time to turn it off. That's sorta the demarcation line for me. Before or after electricity?
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Jan 17, 2018 22:39
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Don Lapre posted:Before or after electricity? Before. Daily power cost for me is something on the order of $1.00-$1.50, not counting heating "savings".
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Jan 17, 2018 22:42
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How is your power so expensive, I can run 5 rx580s on $2 a day
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Jan 17, 2018 22:59
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21 cents per KWH, represent. Even at those rates It's been worth it for about 200 dollars of profit over the year.
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Jan 17, 2018 23:03
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I'm glad I never even heard of BitConnect, good to know it's dead. I don't trust Tether, it may be rising at the moment but I suspect the guys behind it are just gonna take the virtual money and run. Also I've come back to check on Nicehash's status, I'm waiting until February if they've finally gotten their poo poo together.
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Jan 17, 2018 23:07
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BangersInMyKnickers posted:Good, that is where it belongs. Consumer hardware is trash. Fair enough but the problem is other than in China supercomputers don't seem to be a high priority for government investment.
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Jan 17, 2018 23:08
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MaxxBot posted:Fair enough but the problem is other than in China supercomputers don't seem to be a high priority for government investment. Other governments (including the US) are still investing heavily in them. They just tend to get sucked up into defense-related projects that aren't nearly as useful for the overall advancement of civilization as the civilian-side ones.
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Jan 17, 2018 23:14
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Junior Jr. posted:I'm glad I never even heard of BitConnect, good to know it's dead. I don't trust Tether, it may be rising at the moment but I suspect the guys behind it are just gonna take the virtual money and run. There are people in /r/bitconnect who 5 days ago were like, i know its a ponzi but im gonna put in $5000 hoping it lasts more than 120 days lol
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Jan 17, 2018 23:15
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Risky Bisquick posted:How is your power so expensive, I can run 5 rx580s on $2 a day Mine's only $0.10 a kwh + a seasonal adjustment (which might not be anything now, I had to factor that in during the summer), but my estimate was basically 300w draw +/- running 24 hours coming out to about 9KWH.
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Jan 17, 2018 23:50
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Get a killawatt and measure accurately, my estimate with idle cpu and just the gpu running it's like 150-160w total. Convert to AC, it's probably under 175w at the wall worst case. Using+150/+500 with 65% TDP the card should be close to 120-130w, plus ~40w idle
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Jan 17, 2018 23:53
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Alpha Mayo posted:Lol. Our education system has failed. Is it me or it is an American thing for people to throw good money at bad like MLMs and buttcoins?
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Jan 18, 2018 02:21
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Palladium posted:Is it me or it is an American thing for people to throw good money at bad like MLMs and buttcoins? I think it's basic psychology that dopes will do that wherever given the chance, which is why other countries will protect morons from themselves, but here 
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Jan 18, 2018 02:24
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Palladium posted:Is it me or it is an American thing for people to throw good money at bad like MLMs and buttcoins? Our educational system is almost criminal in the way that it explicitly and pointedly avoids virtually any formalized presentation of financial literacy. We'll demand you spend 4 years in high school reading terrible books and writing essays you'll never remember on them, but God forbid kids are forced to take a class explaining things like how tax brackets work, how mortgage interest and points function, what interest is and why buying a car at 32% APR is a terrible idea, etc. Combine that with the fundamental American backstory of exceptionalism and strike-it-rich stories, and you end up with a bunch of people willing to take retarded financial risks because they either do not understand the risks, or are convinced that they'll somehow beat the odds. Also, as George Carlin liked to say: "think of how stupid the average person is, and realize half of them are stupider than that."
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Jan 18, 2018 02:27
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Rich people usually have access to better education, and a lot of them fell for Bernie Madoff. Pyramid schemes are what they are, and especially in this day and age I don't think they're predominantly fruitful in just one country or region.
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Jan 18, 2018 02:29
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DrDork posted:
If "George Carlin" was a required class in high school, it would pretty much fix everything.
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Jan 18, 2018 02:38
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Craptacular! posted:Rich people usually have access to better education, and a lot of them fell for Bernie Madoff. Pyramid schemes are what they are, and especially in this day and age I don't think they're predominantly fruitful in just one country or region. At the level Bernie played at, it was a real shock that it actually was a Ponzi, just because of how well done it all was. The air of exclusivity, the P/L sheets that seems to show they were run by financial precogs, and the smell of sweet sweet profit all conspired to entice people to buy in. On the other hand, you have BCC, which was basically 'hahaha, nobody has an extradition treaty with Estonia' levels of obvious ponzi scam. I really wish the public school system had a mandatory 'How to be an Adult' class your Sr. Year. So many people I know would have really been able to use a class on how to eat cheap, cook your own food, actually budget for things, read a contract and understand debt. Too bad it'll never show up on a standardized test, and as such will never be taught.
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Jan 18, 2018 02:52
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uh oh, cryptothread getting into social and political philosophies danger zone warning warning warning warning warning warning
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Jan 18, 2018 03:05
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DrDork posted:Also, as George Carlin liked to say: "think of how stupid the average person is, and realize half of them are stupider than that." It's amazing that he's using an even scale instead of a bell curve, and yet still this quote sees regular use. George, by being wrong, proved he was right.
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Jan 18, 2018 03:09
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Craptacular! posted:It's amazing that he's using an even scale instead of a bell curve, and yet still this quote sees regular use. George, by being wrong, proved he was right. I always assumed that by "average person" he meant the 50th percentile person
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Jan 18, 2018 03:56
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Yeah, median is just as common of a use of “average” as mean. Not mode. Nobody uses mode.
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Jan 18, 2018 04:12
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"Everybody is stupid except me" -A thing everyone thinks
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Jan 18, 2018 04:38
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Lockback posted:"Everybody is stupid except me" Prove me wrong then
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Jan 18, 2018 05:03
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1gnoirents posted:uh oh, cryptothread getting into social and political philosophies danger zone warning warning warning warning warning warning I mine while playing NBA2k
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Jan 18, 2018 05:31
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MaxxBot posted:Fair enough but the problem is other than in China supercomputers don't seem to be a high priority for government investment. The gently caress you talking about? New supercomputers based on the latest and greatest components are constantly getting built, HPC is a huge industry in the US. IIRC on Top500 the US Government owns about half of the most powerful supercomputers, many of which were built within the last couple of years
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Jan 18, 2018 13:05
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Comfy Fleece Sweater posted:I mine while playing NBA2k This is offensive
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Jan 18, 2018 17:10
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