Sankaku Complex Forums » General

1. 

   Denis
   

   What do you think about bitcoin?

   From a programmer's perspective. This is a brilliant program that has a difficult cryptographic code. This is has created a genius or a large group of experts. But why they do not openly declare themselves?

   From the economy's perspective. This is anarchism, just as in ancient times, people traded goods for pieces of gold.

   In 2009 the code on an ordinary laptop could get some Bitcoins per day. After a year already used the powerful graphics cards for mininig bitcoins.

   Now it does not make sense to use a regular computer to do this. Because cryptographic code of mining is complicated by the day.

   Simply buy on the stock exchange. And then the intresting things begin. In 2009, some man bought a pizza for a few tens of Bitcoins (BTC). In those days 1 Bitcoin (BTC) cost less than a dollar.

   And today 1 BTC = 175$

   http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=0&p=0&

   I think the money created by a mafia or FBI (or like that) for creating their own currency that is not controlled by anyone.

   But while ordinary people can play the market. Especially chart looks very tasty.

   Posted 2 years ago # Quote
2. 

   Vegio
   

   I thought this was one of those new threads created by bots, and I was already ready to say "penis", but... :(

   Now that I looked and read the whole thing, I still don't understand anything except for the fact that you can buy pizza.

   Sorry.

   Posted 2 years ago # Quote
3. 

   Denis
   

   I wrote from the point of view that people already know something about Bitcoin If you do not know anything about it, then Google to help.

   Not only pizza. On the stock exchanges is already possible to change the BTC / USD, USD / BTC.

   There are online stores which accept Bitcoins. And also it is convenient to use in the underground economy. Because transfers can not be traced and it anonymously

   Posted 2 years ago # Quote
4. 

   คภєк๏
   

   Vegio said:
   I thought this was one of those new threads created by bots

   I thought it would be some new person who didn't know to use an established thread.

   Posted 2 years ago # Quote
5. 

   Twintail Tsundere
   

   Buttcoin

   Posted 2 years ago # Quote
6. 

   Denis
   

   palmtop-tiger said:
   Buttcoin

   Yeah, I know man who in 2010 on laptop mined ~50 BTC and it was cost a few cents. Then he got tired and he deleted the Bitcoin Wallet from laptop. And today 50 BTC is 8750$, ha-ha. He sure that it's buttcoins too.

   Posted 2 years ago # Quote
7. 

   Dark Mage
   

   Now you need lots of high end GPU's or an ASIC solution to mine bitcoins.

   Posted 2 years ago # Quote
8. 

   Denis
   

   Char said:
   Now you need lots of high end GPU's or an ASIC solution to mine bitcoins.

   Now If I turn my computer with 580GTX then I need 24 hours for mining 0,03$. That's crazy to do at home.

   I had to do mining in 2009-2010, but those days I did not know about this project. Now ordinary ppl can only try to trade on the stock exchange.

   Posted 2 years ago # Quote
9. 

   Twintail Tsundere
   

   0wii said:

   Now If I turn my computer with 580GTX then I need 24 hours for mining 0,03$. That's crazy to do at home.

   And you have a power bill of $200.

   Posted 2 years ago # Quote
10. 

    Denis
    

    palmtop-tiger said:
    And you have a power bill of $200.

    And who knows, maybe some professors and scientists who make supercomputers at research centers and universities, they use them for mining for our taxes.

    Posted 2 years ago # Quote
11. 

    H-Ero
    

    Vegio said:
    Now that I looked and read the whole thing, I still don't understand anything except for the fact that you can buy pizza.

    Same.

    I'll keep the thread open for now, though.

    Posted 2 years ago # Quote
12. 

    Twintail Tsundere
    

    H-Ero said:

    I'll keep the thread open for now, though.

    How generous of you. Now how about dealing with a real pest?

    Posted 2 years ago # Quote
13. 

    Kudilicious
    

    Bitcoin is the world's new favourite way to buy drugs. I don't know about pizza, but I've heard to people selling grilled cheese sandwiches on the Silk Road.

    But it's not really a market that you can "play", because it's hard to buy large enough quantities for true forex, and it's completely fucked for the future because the limited monetary supply (once a certain number of bitcoins is mined, that's it; they won't make any more) means that deflation and hoarding is inevitable. A large proportion of bitcoins are just sitting in wallets waiting for the value to rise.

    Posted 2 years ago # Quote
14. 

    Dark Mage
    

    palmtop-tiger said:

    And you have a power bill of $200.

    Assuming 500 watt consumption for the PC and power at 7 cents per kwh 24 hours of mining would come to 84 cents.
    Running the computer for an entire month would only cost $25.20.

    Posted 2 years ago # Quote
15. 

    Pyrolight
    

    Eventually people will get bored with the idea of bitcoin and their value will drop like a rock to nothing again. It's a currency about nothing.

    Posted 2 years ago # Quote
16. 

    Not Sure
    

    A great way to buy drugs, assassinations and underage pussy.

    Posted 2 years ago # Quote
17. 

    Dark Mage
    

    Pyrolight said:
    Eventually people will get bored with the idea of bitcoin and their value will drop like a rock to nothing again. It's a currency about nothing.

    Probably one of the more accurate predictions you've made.

    Posted 2 years ago # Quote
18. 

    Kudilicious
    

    Pyrolight said:

    Eventually people will get bored with the idea of bitcoin and their value will drop like a rock to nothing again. It's a currency about nothing.

    Absurd and hopefully trolling.

    It's a currency that will have high demand as long as people want to buy things under the radar. Which is forever.

    They just need some way of increasing the money supply. Unfortunately, if they announced that they were going to raise the all-time limit, the value would crash.

    Most likely, some new virtual currency will have to be made that won't make the same mistakes.

    Posted 2 years ago # Quote
19. 

    Denis
    

    Char said:
    Assuming 500 watt consumption for the PC and power at 7 cents per kwh 24 hours of mining would come to 84 cents.
    Running the computer for an entire month would only cost $25.20.

    7 cents per kwh? hmm it's very cheap for Europe, I think.

    Posted 2 years ago # Quote
20. 

    V .I.
    

    bitcoin mining is not relevant in this year.
    please close this thread

    Posted 2 years ago # Quote

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