Bitcoin: no angel investors, only Faustian bargains

The Something Awful Forums > Main > General Bullshit > Bitcoin: no angel investors, only Faustian bargains

OzyMandrill: Aug 12, 2013; Look upon my words
and despair

The �40 android knock offs are pretty drat good these days.

e: lovely snipe, but dubious copyright infringement is onbrand for bitcoin I guess...

# ? Jan 21, 2022 10:43

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# ? Jun 7, 2024 00:02

BoldFace: Feb 28, 2011

https://twitter.com/elonmusk/status/1484456594775678976

# ? Jan 21, 2022 10:53

orange sky: May 7, 2007

the sharpest broken clock

# ? Jan 21, 2022 10:58

Greg of Doom: Dec 22, 2021; by sebmojo

https://twitter.com/wwwdotyoutube/status/1484456646281773060

# ? Jan 21, 2022 11:49

Hammerite: Mar 9, 2007; And you don't remember what I said here, either, but it was pompous and stupid.; Jade Ear Joe

Greg of Doom posted:

https://twitter.com/wwwdotyoutube/status/1484456646281773060

# ? Jan 21, 2022 11:51

Toys For Ass Bum: Feb 1, 2015

# ? Jan 21, 2022 13:42

Dabir: Nov 10, 2012

The Apple Watch is for people who still fantasise about being Dick Tracey.

# ? Jan 21, 2022 13:46

Robobot: Aug 21, 2018

Does anyone have a link or know how to get started mining bitcoin? Is it feasible to do it with just a regular computer with a good graphics card running all day? You can PM me if you don't want to endure the absolute dogpiling I'm about to receive.

# ? Jan 21, 2022 13:58

kirbysuperstar: Nov 11, 2012; Let the fools who stand before us be destroyed by the power you and I possess.

Robobot posted:

Does anyone have a link or know how to get started mining bitcoin? Is it feasible to do it with just a regular computer with a good graphics card running all day? You can PM me if you don't want to endure the absolute dogpiling I'm about to receive.

Single GPU mining is never going to be feasible or worthwhile.

# ? Jan 21, 2022 14:01

orange sky: May 7, 2007

Just bang your head against a wall it'll be more useful for humanity in the long run

# ? Jan 21, 2022 14:02

Paladinus: Jan 11, 2014; heyHEYYYY!!!

Robobot posted:

Does anyone have a link or know how to get started mining bitcoin? Is it feasible to do it with just a regular computer with a good graphics card running all day? You can PM me if you don't want to endure the absolute dogpiling I'm about to receive.

The first step is removing anti-mining software from your system. Look for the folder called SYSTEM32, and delete it. After that you can simply install any bitcoiner miner and mine away.

# ? Jan 21, 2022 14:02

Hello Sailor: May 3, 2006; we're all mad here

Robobot posted:

Does anyone have a link or know how to get started mining bitcoin? Is it feasible to do it with just a regular computer with a good graphics card running all day? You can PM me if you don't want to endure the absolute dogpiling I'm about to receive.

It's not even remotely feasible. Bitcoin mining operations are hundreds of computers with good graphics cards running all day. Your chances of "earning" even a single bitcoin are only slightly better than winning millions of dollars in the lottery, plus you'll use a lot of electricity doing it and destroy your graphics card.

That said, you're clearly a moron, so you should do it. Be sure to come back and tell us how it went so we can enjoy your suffering.

Hello Sailor fucked around with this message at 14:10 on Jan 21, 2022

# ? Jan 21, 2022 14:08

Random Stranger: Nov 27, 2009

nnnotime posted:

BTC just fell thru $40K. But this is good for bitcoin, as

I'm guessing that the current collapse is due to some people finding out how much tax they owe on their crypto.

# ? Jan 21, 2022 14:12

BoldFace: Feb 28, 2011

Robobot posted:

Does anyone have a link or know how to get started mining bitcoin? Is it feasible to do it with just a regular computer with a good graphics card running all day? You can PM me if you don't want to endure the absolute dogpiling I'm about to receive.

You're going to need a time machine.

# ? Jan 21, 2022 14:12

ChronoBasher: Jul 2, 2007

Robobot posted:

Does anyone have a link or know how to get started mining bitcoin? Is it feasible to do it with just a regular computer with a good graphics card running all day? You can PM me if you don't want to endure the absolute dogpiling I'm about to receive.

Bitcoin no, eth yes. Nicehash is probably the easiest way to jump in, and I think they payout in BTC? But your actually mining ETH or some other shitcoin.

Buy yeah as others have said, it's not worth your time or energy (haha). I did this for about 4 months this year and it's really dumb.

# ? Jan 21, 2022 14:45

Ghost Leviathan: Mar 2, 2017; Exploration is ill-advised.

I'm pretty sure we're literally a decade past casual bitcoin mining being a way to make free* money* off your gaming rig being even remotely viable. The only reason that hackers even bother installing bitcoin miners on your phone and Internet of poo poo devices is because they're not paying for the electricity or replacements.

There's entire literal server farms set up in countries with cheap power that make up the vast majority of the mining pool.

# ? Jan 21, 2022 15:10

Robobot: Aug 21, 2018

Electricity is included in my HOA fees and we have nuclear. The power side of things isn't going to cost me any more than what I pay every month anyways. Its actually the reason I decided to check into it. Well, that and no one wants to buy my old gaming rig.

# ? Jan 21, 2022 15:17

Khorne: May 1, 2002

Robobot posted:

Does anyone have a link or know how to get started mining bitcoin? Is it feasible to do it with just a regular computer with a good graphics card running all day? You can PM me if you don't want to endure the absolute dogpiling I'm about to receive.

Need to mine an alt coin as part of a pool. Probably not worth it given mid-late 2017 it was already not worth it with a single GPU. Check a mining profitability calculator for an optimistic estimate.

It will take years to pay off the cost of hardware if done 24/7. Can't do a lot of stuff on your computer while doing it so turning the program on/off becomes annoying. Causes the room the computer is in to have to deal with more heat than usual which is a hidden cost. In cold areas it will make the room significantly warmer than the rest of the house unless you have zone based heating.

Probably better to use your spare computing resources for a project like one of these.

Khorne fucked around with this message at 16:34 on Jan 21, 2022

# ? Jan 21, 2022 15:38

A Wizard of Goatse: Dec 14, 2014

if nobody's willing to give you cash upfront for your gaming PC right now, when new graphics cards can't be had at all in lots of places and may not be available for the forseeable future, you don't have a "good" graphics card you've got something generally known to the public to give the user nut cancer

# ? Jan 21, 2022 15:46

happyhippy: Feb 21, 2005; Playing games, watching movies, owning goons. 'sup; Pillbug

Last time single computer rigs were profitable was back in 2014 when Butterfly Labs were scamming the poo poo of out people, by selling rigs and before they sent them out they used them to mine butts themselves for months.
So when the customer got the rig to mine, they were mostly already over the curve so useless.

# ? Jan 21, 2022 15:52

Jose Valasquez: Apr 8, 2005

Robobot posted:

Electricity is included in my HOA fees

Oh so you�re an rear end in a top hat.

quote:

and we have nuclear.

Using renewable energy for mining is still bad because that energy could have been used to replace fossil fuel usage for something useful.

# ? Jan 21, 2022 16:10

SpiritOfLenin: Apr 29, 2013; be happy :3

Jose Valasquez posted:

Oh so you�re an rear end in a top hat.

being dumb and an rear end in a top hat is a requirement for being a crypto mark

# ? Jan 21, 2022 16:24

Mans: Sep 14, 2011; by Jeffrey of YOSPOS

Robobot posted:

Does anyone have a link or know how to get started mining bitcoin? Is it feasible to do it with just a regular computer with a good graphics card running all day? You can PM me if you don't want to endure the absolute dogpiling I'm about to receive.

At this point in time, electricity costs are immense but if they're covered by HOA, then it's still a feasible investment. I actually made a few guides on this matter for the local crypto group I'm in. Most are in English but let me know if you have any questions since English isn't my native speaking language.

# ? Jan 21, 2022 16:38

Vashro: May 12, 2004; Proud owner of Lazy Lion #46

this is the thread to mock cryptofolk. if you want to smear that poo poo on you we may have other threads

# ? Jan 21, 2022 16:42

Salt Fish: Sep 11, 2003; Cybernetic Crumb

It's more ethical, cooler, and more profitable to steal other things from an HOA, for example lawn equipment.

# ? Jan 21, 2022 16:42

Crime on a Dime: Nov 28, 2006

happyhippy posted:

Last time single computer rigs were profitable was back in 2014 when Butterfly Labs were scamming the poo poo of out people, by selling rigs and before they sent them out they used them to mine butts themselves for months.
So when the customer got the rig to mine, they were mostly already over the curve so useless.

bfl sold asic miners

# ? Jan 21, 2022 16:43

Main Paineframe: Oct 27, 2010

Robobot posted:

Electricity is included in my HOA fees and we have nuclear. The power side of things isn't going to cost me any more than what I pay every month anyways. Its actually the reason I decided to check into it. Well, that and no one wants to buy my old gaming rig.

"electricity is included in my HOA fees" is not the same as "I don't have to pay for electricity"

# ? Jan 21, 2022 16:43

Vashro: May 12, 2004; Proud owner of Lazy Lion #46

any fresh animal avatar rug pulls happen this week for me to laugh at?

# ? Jan 21, 2022 16:46

Crain: Jun 27, 2007; I had a beer once with Stephen Miller and now I like him.

I also tried to ban someone from a Discord for pointing out what an unrelenting shithead I am! I'm even dumb enough to think it worked!

Vashro posted:

any fresh animal avatar rug pulls happen this week for me to laugh at?

Just the twitter nonsense.

# ? Jan 21, 2022 16:52

latinotwink1997: Jan 2, 2008; Taste my Ball of Hope, foul dragon!

https://www.reuters.com/business/finance/russian-cbank-proposes-banning-cryptocurrencies-crypto-mining-2022-01-20/

This could be part of the reason for the fall.

Also noting that bitcoin price seems to follow market trends and the whole stock market has been going down lately could be it too.

# ? Jan 21, 2022 16:59

Cowcaster: Aug 7, 2002

well, time to print up another billion ethereum

# ? Jan 21, 2022 16:59

Rinkles: Oct 24, 2010; What I'm getting at is...
Do you feel the same way?

latinotwink1997 posted:

https://www.reuters.com/business/finance/russian-cbank-proposes-banning-cryptocurrencies-crypto-mining-2022-01-20/

This could be part of the reason for the fall.

Also noting that bitcoin price seems to follow market trends and the whole stock market has been going down lately could be it too.

actually it's because i went ahead and bought a gpu, so of course prices are due tumble right afterwards.

# ? Jan 21, 2022 17:12

Potato Salad: Oct 23, 2014; nobody cares

latinotwink1997 posted:

https://www.reuters.com/business/finance/russian-cbank-proposes-banning-cryptocurrencies-crypto-mining-2022-01-20/

This could be part of the reason for the fall.

Also noting that bitcoin price seems to follow market trends and the whole stock market has been going down lately could be it too.

if this is a result of people overreacting to thinking that Russian-sheltered cryptoextortion isn't going to be able to prop up the price of Bitcoin anymore, I guess that just goes to show that people really don't understand how this criminal enterprise launders and spends its money

Potato Salad fucked around with this message at 17:50 on Jan 21, 2022

# ? Jan 21, 2022 17:23