Topic: delete (Read 4378 times)
Isn't there only 1 account with over 100k BTC?
Either way, 5k is 2.2 million dollars so it's far from "nothing".
I read somewhere that uncle sam is the biggest bitcoin holder out there since the FBI confiscated all the silk road bitcoins. I cannot remember the exact figures but it would not surprise me if the account with over 100k BTC was the FBI one. Someone on here said the FBI sold them, but I never heard about anything like that on the news, so I'm not sure what they did with them.
Uncle Sam is the biggest bitcoin holder IF "Satoshi" was a group of NSA programmers.
Yeah, mining “sucks” right now. But anyone that understands this scene or has done a little research knows that the waves come and go (just like a nice relaxing beach…uh, minus the relaxing…). I do want to make one point, it isn’t always possible to buy an alt (or at least enough of them) since a lot of people hold on to a bunch of coins in the hope of catching the next spike. And frankly, this applies to most of the altcoins.
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Isn't there only 1 account with over 100k BTC?
Either way, 5k is 2.2 million dollars so it's far from "nothing".
I read somewhere that uncle sam is the biggest bitcoin holder out there since the FBI confiscated all the silk road bitcoins. I cannot remember the exact figures but it would not surprise me if the account with over 100k BTC was the FBI one. Someone on here said the FBI sold them, but I never heard about anything like that on the news, so I'm not sure what they did with them.
They might have the most on one specific address, but they don't hold the most.
So, BCX, what are you mining?
afaik he mines most profitable coins. other than that he holds more than 5000 BTC, so he plays the markets...
5000 BTC? Where did you hear that?
That's a stupid amount of money.
there are guys that hold 100k
5k is nothing
Either way, 5k is 2.2 million dollars so it's far from "nothing".
It's one address. You can have multiple addresses like 100 , each holding 100 coins .
Isn't there only 1 account with over 100k BTC?
Either way, 5k is 2.2 million dollars so it's far from "nothing".
I read somewhere that uncle sam is the biggest bitcoin holder out there since the FBI confiscated all the silk road bitcoins. I cannot remember the exact figures but it would not surprise me if the account with over 100k BTC was the FBI one. Someone on here said the FBI sold them, but I never heard about anything like that on the news, so I'm not sure what they did with them.
So, BCX, what are you mining?
afaik he mines most profitable coins. other than that he holds more than 5000 BTC, so he plays the markets...
5000 BTC? Where did you hear that?
That's a stupid amount of money.
there are guys that hold 100k
5k is nothing
Either way, 5k is 2.2 million dollars so it's far from "nothing".
So, BCX, what are you mining?
afaik he mines most profitable coins. other than that he holds more than 5000 BTC, so he plays the markets...
5000 BTC? Where did you hear that?
That's a stupid amount of money.
there are guys that hold 100k
5k is nothing
So, BCX, what are you mining?
afaik he mines most profitable coins. other than that he holds more than 5000 BTC, so he plays the markets...
5000 BTC? Where did you hear that?
That's a stupid amount of money.
Another "back to reality" post. Thank you, BCX
Il say this flatout : Almost Every person that has joined in 2014 on this forum are fucking scumbags, with no knowledge at all, no attempt to gain knowledge either and lastly, these are the same fucks that are trying to bring about "change". Ridiculous. Also im glad its harsh times right now, it was too easy before.
You might consider getting together with Spoetnik and muddafudda and starting an IED self help group. (emphasis added)
+4
Il say this flatout : Almost Every person that has joined in 2014 on this forum are fucking scumbags, with no knowledge at all, no attempt to gain knowledge either and lastly, these are the same fucks that are trying to bring about "change". Ridiculous. Also im glad its harsh times right now, it was too easy before.
You might consider getting together with Spoetnik and muddafudda and starting an IED self help group. (emphasis added)
dude stfu and go mine on a multipool (emphasis added)
If you are trying to pay today's bills with current mining proceeds you're an idiot. Mining is about speculation. You are mining for future payouts, not current ones.
This thread moderated to control stupidity and spam only. Differing opinions welcomed.
This is literally what is wrong with people lately, they check sites like coinwarz etc on what to mine. The hivemind moves together and starts mining x coin and when they do that difficulty raises and profitability falls and they switch to the next only to do the same thing.
Mining isn't about a fast cashout, it's about speculation, holding your shares and choosing the right coin to exchange it into.
I mined on a laptop from november-december and made 2.9 btc profit back then, by mining on low difficulty coins that I thought would rise later on, some did, most didn't.
These multipools and gpu farms + the recent asic scrypt miners have ruined that part of the game. Now it's just trading that is left, or holding for a longer time and making a profit when value changes over a bigger amount of time.
So, BCX, what are you mining?
afaik he mines most profitable coins. other than that he holds more than 5000 BTC, so he plays the markets...
So, BCX, what are you mining?
´When and where did bitcoin hit $36.00 per coin in June 2011? I was around and didn't see that price anywhere. lolz
check the historical charts to see what u missed
There is nothing left to mine, it all is basically unprofitable now. I can't even sell my mining equipment on Ebay, trying to sell 1.9 m/h system using 3 Twin Frozr 7950 gpu's for 1100.00 and no takers on Craigslist. I won't part it out on Fleabay because losers will buy the gpu's and use them for 45 days then say they are not as described. So I guess I will just throw the shit in the garbage. I have a number of miners and no way to sell it. The noise and wear and tear on the miners is not worth the measly few dollars it makes a day after electricity costs. Litecoin falls everyday, bitcoin is flushing down the shitter, and all the rest of the shit coins are done for also.
I heard the same crap from friends and co-workers back in December 2011 when BTC fell to $1.96 each from the all time high of $36.00 in June 2011. I heard the same thing when LTC was less than $0.11 each also after falling from about $1.00 high.
If you are trying to pay today's bills with current mining proceeds you're an idiot. Mining is about speculation. You are mining for future payouts, not current ones.
Trust me I had a number of people give me hell for going $1500 in the negative every month verses coin earnings by paying electricity bills while maintaining a personal 90 ghs gpu farm back in Dec 2011. Funny thing all of those $1.96 btc turned into $1200 BTC just recently. I caught the same crap when I flipped over my gpu farms to LTC when I upgraded to all ASIC for BTC. Again, all of those LTC turned into $35.00 each from sub $1.00.
If you cannot afford to support your gpu miners for at least 180 days, you need to get out.
~BCX~
This thread moderated to control stupidity and spam only. Differing opinions welcomed.
When and where did bitcoin hit $36.00 per coin in June 2011? I was around and didn't see that price anywhere. lolz
There is nothing left to mine, it all is basically unprofitable now. I can't even sell my mining equipment on Ebay, trying to sell 1.9 m/h system using 3 Twin Frozr 7950 gpu's for 1100.00 and no takers on Craigslist. I won't part it out on Fleabay because losers will buy the gpu's and use them for 45 days then say they are not as described. So I guess I will just throw the shit in the garbage. I have a number of miners and no way to sell it. The noise and wear and tear on the miners is not worth the measly few dollars it makes a day after electricity costs. Litecoin falls everyday, bitcoin is flushing down the shitter, and all the rest of the shit coins are done for also.
BCX, because I strongly believe that the next bitcoin bubble will occur this summer, I have postponed adding capacity to my GPU mining rigs - even though used equipment that meets my needs is now available for half the my cost two months ago. Rather, I have been buying coins at my local Robocoin ATM when I have the fiat cash, and also retaining the bitcoin profit that I get from leasing out my rigs. My plan is to spend coin when prices are some multiple of where they are now. Even if all the great deals vanish on Ebay, Craigslist, Amazon, etc., I still come out way ahead buying hardware during the bubble than at other times.
Your thoughts?
The people stuck with GPUs constantly kill any "golden goose" that comes along, about the only chance to make anything that lasts is probably to make it useless for GPU miners so they can stick to killing off all the GPU coins leaving the ASIC ones to thrive and prosper without all those idiots constantly running around making the entire panoply of GPU coins look silly and pathetic.
-MarkM-
-MarkM-
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