Pay my utility bills and buy groceries....all in AUD
https://www.spendbitcoins.com/
these guys let me convert BTC > Gift cards (Groceries, Presents, etc) or direct bill pay on my behalf (Known here as BPAY)
Topic: What do you do with mined coins? (Read 5505 times)
I invest them in the GLBSE or deposit them for interest payments.
What is GLBSE?
Sam
I never convert my bitcoins back to USD, instead I either hoard, invest, or use the bitcoins to pay for services.
Lend them to almost anyone but Nigerians who tell me I won a prize.
i buy things with my bitcoins though i put most of them to pirate account. 
Buy things. Should be a choice on the poll. I've bought used computer parts, cables, an iPod, and put in two orders to upgrade singles to SCs. Oh, and raw Thai honey. Can't forget the honey.
Looking to invest soon at the exchange.
Looking to invest soon at the exchange.
I buy things with my bitcoins. I don't bother converting them to USD(this is a long arduous process, and I'm impatient). I have only bought games and computer accessories up to this point.
it's 39% 14% 15% 10% 19%
How do I view the results of the poll without voting?
I use them as a PayPal substitute, buy and sell goods from overseas and locally
Donate to worthy causes
Recently cashed some out to AUD to buy a Galaxy s3
cant vote - none of the above listed
never owned a USD no real plans to....
Donate to worthy causes
Recently cashed some out to AUD to buy a Galaxy s3
cant vote - none of the above listed
never owned a USD no real plans to....
I'm getting the galaxy s3 on the first. How do you like it so far?
On topic: I haven't cashed any of my coins yet. I keep seeing GLBSE pop up in these threads, so I might have to look deeper into that option.
I hoard them, every little counts 
As it's a pretty constant stream of income from mining, I use it to pay for web hosting and other online monthly services. That and occasionally convert to paypal cash through SpendBitcoins.
I use them as a PayPal substitute, buy and sell goods from overseas and locally
Donate to worthy causes
Recently cashed some out to AUD to buy a Galaxy s3
cant vote - none of the above listed
never owned a USD no real plans to....
Donate to worthy causes
Recently cashed some out to AUD to buy a Galaxy s3
cant vote - none of the above listed
never owned a USD no real plans to....
so far i've hoarded, but that's cause my mining rate is crap (350ish mhash) so i've only got about 16.3 btc right now.
when i actually have enough to DO something with it, it'll be a cyclical pattern - mine buy more hardware, mine, buy more hardware...
when i actually have enough to DO something with it, it'll be a cyclical pattern - mine buy more hardware, mine, buy more hardware...
i turn them into USD and remove from mtgox/dwolla ASAP
I too am going the GLBSE route. I'm trying to test out the "compounding is the most powerful force in the universe theory". Before GLBSE i used to just spend them.
Sell just enough to cover most of the power bill. The rest get invested in various interest generating locations with the goal of the interest from my investments covering power. It's a bitcoin snowball!
I'm selling everything now to pay off what I spent on the rigs, then I'll sell enough to pay for electricity.
Poll only has 5 options here. So I only included only the options looking plausible for me. I didn't think of someone still expanding their GPU rigs these days.
I do
I invest them in the GLBSE or deposit them for interest payments.
I save most, but sell what I need to pay bills. Never know when you need a few hundred extra dollars.
Poll only has 5 options here. So I only included only the options looking plausible for me. I didn't think of someone still expanding their GPU rigs these days.
What happened to I use mined coins to mine more coins?
This poll is to check the hypothesis that everyone mines to dump.
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