Author

Topic: Introduce yourself :) - page 326. (Read 1066160 times)

newbie
Activity: 26
Merit: 0
December 11, 2012, 09:28:59 AM
hi! my name is shiunsai, i cant believe how late i am on bitcoins! ive been a comp geek all my life but also have (well, in about a week) my degree in finance so I am interested in bitcoins. I have started to mine LTC and BTC on my gaming computer, but a week of mining and I've got  the equivalent to .02 BTC.....very depressing, but am eager to work harder.  Support my Inspiration here =) =) =) 1JqSXZRnWRotwkvCov9m6FyZTAEV3Fw4kP     thanks for welcoming me bitcointalk, what a big community.
you can be happy even for that 0.02BTC. mined block value just dropped from 50 to 25 some time ago. and in few week you can expect almost nothing becaue of ASIC.
hero member
Activity: 759
Merit: 505
December 10, 2012, 10:46:23 PM
hi! my name is shiunsai, i cant believe how late i am on bitcoins! ive been a comp geek all my life but also have (well, in about a week) my degree in finance so I am interested in bitcoins. I have started to mine LTC and BTC on my gaming computer, but a week of mining and I've got  the equivalent to .02 BTC.....very depressing, but am eager to work harder.  Support my Inspiration here =) =) =) 1JqSXZRnWRotwkvCov9m6FyZTAEV3Fw4kP     thanks for welcoming me bitcointalk, what a big community.
full member
Activity: 121
Merit: 100
December 10, 2012, 09:29:07 PM
well with the bitcoin value going up these last weeks, it's getting a bit more interesting to mine
though the more value it has, the more people will start mining and the (really small) profit won't go up imo ^^
hero member
Activity: 784
Merit: 506
December 10, 2012, 07:43:14 PM
Hiya Folks!

 Just need to know how to use it now and how to mine coins.


Don't bother.  It's a specialized occupation that requires much geekiness to become profitable.  You're much better off offering some service to the community in exchange for bitcoins.  Most people are the same.  I have personally never mined anything.


Just to offer an alternative view on mining:

Now might be a good time to take your time reading up about it - there's heaps here - and decide whether you might want to dabble in the longer term.  One thing I like about the ASIC future (should it actually materialise) is it should require less technical know-how than making home-made rigs with graphics cards (check out some of the youtube vids on mining gear) which is what was required before.  If there is one thing I would recommend taking away from your first considerations of mining is that the chances of making great money are pretty low and there's a fair chance of not covering the cost of your initial purchase (and electricity to power it) if you buy at the wrong time.

Another thing I like about the ASIC future is there is very little difference in 'hashing power' per pound spent whether you're spending $1,000 or $20,000.  The bigger difference between profit and loss (other than timing of purchase) is the price you pay for power.  Putting aside maintenance overheads it's pretty much a level playing field so although the odds of you making money from whatever you're spending may not be very high they're about the same as those spending the big bucks at the same time as you.

The way I'm looking at it is if you fancy the idea of playing a part the mining network upon which the Bitcoin network, its future and all its users are dependent and accept you may not see the money you spent for some time if at all then why not? Smiley

It might just be worth holding your horses until things have settled down after the forthcoming introduction of ASICs.  Definitely don't be tempted to do calcs based on today's difficulty figures.  Nobody really knows where that's going to settle if and when ASICs in quantities are introduced.

I'll second MoonShadow's suggestion of finding ways of offering services for Bitcoin because regardless of contributions to the robustness of the network through mining unless enough people are providing services for which people can pay Bitcoin ultimately it has no future.

Best,

Tf
legendary
Activity: 1708
Merit: 1010
December 10, 2012, 06:26:46 PM
Hiya Folks!

 Just need to know how to use it now and how to mine coins.


Don't bother.  It's a specialized occupation that requires much geekiness to become profitable.  You're much better off offering some service to the community in exchange for bitcoins.  Most people are the same.  I have personally never mined anything.

Quote

I'll try not to mess up the forum too much with dumb questions.


That's no longer possible.  This forum has been messed up for years.
legendary
Activity: 1708
Merit: 1010
December 10, 2012, 06:24:26 PM
What is the best bitcoin wallet?

Best for what purpose?
newbie
Activity: 9
Merit: 0
December 10, 2012, 06:20:46 PM
Hiya Folks!

Another noob here.
After the failure of PayFriend (and others) to accept payments on certain Usenet indexing sites, I decided to sign up to Bitcoin. I'm also sick of paying large fees to those certain companies.
Bitcoin seems to be a much better way to do things. Just need to know how to use it now and how to mine coins.

I'll try not to mess up the forum too much with dumb questions.

Susi xxx
newbie
Activity: 3
Merit: 0
December 10, 2012, 04:50:41 PM
I'm Batman.
me too!

lol, But seriously - Hi everyone, been lurking for a while, currently mining on 2 GPU's and joined the forum to try to move towards FPGA/ASIC mining soon!
newbie
Activity: 2
Merit: 0
December 10, 2012, 04:43:47 PM
What is the best bitcoin wallet?
newbie
Activity: 2
Merit: 0
December 10, 2012, 04:23:26 PM
New IT guy here and very interested in Bitcoin Smiley
newbie
Activity: 42
Merit: 0
December 10, 2012, 03:41:21 PM
I'm just a new dude into ltc.
newbie
Activity: 54
Merit: 0
December 10, 2012, 03:36:34 PM
Hello,
I've been lurking on here for a while now and I finally took the time to register.
I started out last xmas so i have been into bitcoins for almost a year now...
newbie
Activity: 8
Merit: 0
December 10, 2012, 12:29:46 PM
Hello everybody,

I have long time experience with programming, IT, networks, cryptography, but somehow did not get to know Bitcoin until recently and I really love the idea and hope, that I will be able to help it gain more power and weaken the traditional politicians controlled currencies Wink
newbie
Activity: 1
Merit: 0
December 10, 2012, 12:07:48 PM
Hello folks, UKLad here, new to both Bitcoin and the forum.. be gentle Wink
newbie
Activity: 3
Merit: 0
December 10, 2012, 11:30:14 AM
Hello
I just discovered the BTC and I love it.
I wish more to participate.
member
Activity: 106
Merit: 10
December 10, 2012, 11:18:27 AM
Hello, long time lurker.

I discovered bitcoins back in the summer and as I had a suitable graphics card, started mining away. I love the idea of the currency and am hoping for widespread adoptance in the not too distant future!
newbie
Activity: 1
Merit: 0
December 10, 2012, 10:45:47 AM
New here, been trying out Bitcoin and I figured registering here and getting familiar with how things work would be a good start. Smiley
newbie
Activity: 26
Merit: 0
December 10, 2012, 07:47:44 AM
Hi, i'm from middle Europe and bitcoin user for almost a year. I'm also bitcointalk newbie for some time and till now I didn't need to post or PM here, but as asset lists from Nefario are out and I had some share in GLBSE I need easy way to communicate with others, so I need to post here.
newbie
Activity: 12
Merit: 0
December 10, 2012, 02:35:18 AM
I am Good  Smiley
newbie
Activity: 2
Merit: 0
December 09, 2012, 08:52:08 PM
Hi,
I'm lexxie, I just discovered bitcoins a few months ago after one of my clients asked if i'll accept them as payment...Being one of those independent people living off "the grid", The ideal of decentralized currency is appealing. I'm a indie massage therapist/webmaster out of birmingham.
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