Topic: So long and thanks for all the fish - page 2. (Read 2802 times)
Please blow up your .7 btc so ours are worth more. Thanks.
Don't give up so easily.
First, don't forget that mining was not introduced by Satoshi to make people magically rich but to process the transactions and secure the network.
2nd, this is still the beginning of bitcoin, winning the peoples' support and overthrowing the global banking and legal system will take time and effort but it will be worth it once bitcoin gains widespread adoption.
For now, don't treat bitcoin as an equal alternative to fiat, because unfortunately it isn't (especially with so many people even against civil disobedience...), but treat it as a small, nice 'thing' that can sometimes make your life easier (just consider the costs of sending an international wire overseas and sending the equivalent in BTC, time and cost are incomparable).
First, don't forget that mining was not introduced by Satoshi to make people magically rich but to process the transactions and secure the network.
2nd, this is still the beginning of bitcoin, winning the peoples' support and overthrowing the global banking and legal system will take time and effort but it will be worth it once bitcoin gains widespread adoption.
For now, don't treat bitcoin as an equal alternative to fiat, because unfortunately it isn't (especially with so many people even against civil disobedience...), but treat it as a small, nice 'thing' that can sometimes make your life easier (just consider the costs of sending an international wire overseas and sending the equivalent in BTC, time and cost are incomparable).
Yes it's probably happened hundreds of times before and probably will thousands of times in the near future. Let's hope that one day we'll all be watching the movie paying for our popcorn with some futureCoin heavily influenced by Bitcoin.
Your story is interesting and original.
You should write a book about your amazing adventure in the bitcoin world.
I bet someday a big studio will make a movie out of it.
You should write a book about your amazing adventure in the bitcoin world.
I bet someday a big studio will make a movie out of it.
sure a history of a guy who know bitcoin for two months, has 0.7BTC and makes a goodbye thread this is going to be huge
Your story is interesting and original.
You should write a book about your amazing adventure in the bitcoin world.
I bet someday a big studio will make a movie out of it.
You should write a book about your amazing adventure in the bitcoin world.
I bet someday a big studio will make a movie out of it.
I got into Bitcoin only in April around the time of the Cyprus debacle and the intense media coverage at the time. I'd heard about it before that but didn't know anything about it and had just assumed that it was another online payment mechanism.
When I understood it properly I was astounded by the genius of the design and the enormous possibilities that it offered for the future of commerce. I immediately started mining and realised that my existing CUDA card was no good, so I bought a cheap ATI card off ebay for $70 which increased my hashrate by a factor of 10. Just then the price spiked to $266 and I thought that this is going to be massive. I mined away for a few weeks and and then made my first purchase with some of my bitcoins - I renewed a domain name.
I was so impressed by how well the whole Bitcoin economy worked, that I used an exchange to purchase some more BTC for GBP. I also work at a bank and spent some time trying to persuade some of our senior execs that we should be doing something with bitcoin because it's going to be huge.
Several weeks of mining later, profits are slowing because of a difficulty increase but the still high exchange rate at around $120 makes it worthwhile. I spend a bit of time trying to optimise my mining setup and finally settle on CGMiner, P2Pool with bitcoind-0.8.2 as a very stable setup that I can leave running for days on end with any attention.
Then earlier this week difficulty makes a giant leap, and my client just doesn't find any more shares so despite 2 days of noisy room heating, no extra btc. It's the end of the line for btc mining for me unless I was to spend serious money on ASIC hardware that will never be delivered before I can break even. Luckily I made around 0.7 BTC mining on my $70 card so I've broken even on that and gained a useful GPU in the process. With exchanges closing down and few places to spend BTC, I'm afraid this is the end of the line for me with Bitcoin. I'll keep my 0.7 just in case the entire global economy switched to Bitcoin and it suddenly becomes valuable but otherwise this balance will be lost to the bitcoin economy for ever more.
I'd be tempted to try LTC but then that's even more useless than BTC for spending.
So regrettably, even though I've learnt a lot and had a brief glimpse of an alternative utopian future, this is the end of the line for me with bitcoin.
So long and thanks for all the fish - to quote Douglas Adams.
When I understood it properly I was astounded by the genius of the design and the enormous possibilities that it offered for the future of commerce. I immediately started mining and realised that my existing CUDA card was no good, so I bought a cheap ATI card off ebay for $70 which increased my hashrate by a factor of 10. Just then the price spiked to $266 and I thought that this is going to be massive. I mined away for a few weeks and and then made my first purchase with some of my bitcoins - I renewed a domain name.
I was so impressed by how well the whole Bitcoin economy worked, that I used an exchange to purchase some more BTC for GBP. I also work at a bank and spent some time trying to persuade some of our senior execs that we should be doing something with bitcoin because it's going to be huge.
Several weeks of mining later, profits are slowing because of a difficulty increase but the still high exchange rate at around $120 makes it worthwhile. I spend a bit of time trying to optimise my mining setup and finally settle on CGMiner, P2Pool with bitcoind-0.8.2 as a very stable setup that I can leave running for days on end with any attention.
Then earlier this week difficulty makes a giant leap, and my client just doesn't find any more shares so despite 2 days of noisy room heating, no extra btc. It's the end of the line for btc mining for me unless I was to spend serious money on ASIC hardware that will never be delivered before I can break even. Luckily I made around 0.7 BTC mining on my $70 card so I've broken even on that and gained a useful GPU in the process. With exchanges closing down and few places to spend BTC, I'm afraid this is the end of the line for me with Bitcoin. I'll keep my 0.7 just in case the entire global economy switched to Bitcoin and it suddenly becomes valuable but otherwise this balance will be lost to the bitcoin economy for ever more.
I'd be tempted to try LTC but then that's even more useless than BTC for spending.
So regrettably, even though I've learnt a lot and had a brief glimpse of an alternative utopian future, this is the end of the line for me with bitcoin.
So long and thanks for all the fish - to quote Douglas Adams.
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