Topic: What do you spend your hard earned bitcoins[btc] on? (Read 1969 times)
OMG! How cool!
Sadly they don't ship outside US.
And where do you get ammunition for those things.
Saved some, invested other and bought honey, tea, dropbox space, various objects on bitmit and here on the forum, Bitcoin Magazine,
I'm saving mine for the future.
I have a couple of accounts for different savings so I'll be splitting my mining profits between them at the moment.
I have a couple of accounts for different savings so I'll be splitting my mining profits between them at the moment.
You should only invest if you do it yourself, especially with GLBSE gone now. Since pirate everyone seems to have a license to steal. Bonus pool just stole 2 months worth of earnings from miners also. It's just not safe to trust anyone now. Investing in btc has so far, proven to be a lot more profitable then mining anyway.
Thank you for your advice Beans, I´ve seen there has been a lot of trouble with various "pirates" arround here. I am just investing free earned Bitcoins
, very very few Btc. So, if I loose something, it will only be Time. 
newbie question: what is ASIC?, I presume from your posts it's a mining machine. Is it the same as the one that Butteryfly Labs is selling? Thank you
ASIC stands for 'Application-specific integrated circuit'. You are right, it is a mining device! Compared with current hardware such as GPU's it is much more efficient and produces many more Mh/s (in fact in most cases gh/s)
The new products from BFL are most certainly ASIC's yes
I do not have many but after looking arround here I decided to invest in Pyramining. I have not the technology nor the knowlege to do the mining myself so I see Pyramining a way to outsource mining 
You should only invest if you do it yourself, especially with GLBSE gone now. Since pirate everyone seems to have a license to steal. Bonus pool just stole 2 months worth of earnings from miners also. It's just not safe to trust anyone now. Investing in btc has so far, proven to be a lot more profitable then mining anyway.
Ideally, one spends BTC on hard-to-acquire items, resells those items for fiat, and then converts the fiat back into BTC. This helps to drive the market.
Take for example, 1 LB medical grade Cannabis on SR for 230BTC. This is roughly $2775 at current exchange rate. Some parts of the US, an OZ sells for 400+. That's $6400. Double your BTC in a month, with a couple OZ for yourself/more profit.
disclaimer: I do not condone or suggest or take part in illegal transactions.
Take for example, 1 LB medical grade Cannabis on SR for 230BTC. This is roughly $2775 at current exchange rate. Some parts of the US, an OZ sells for 400+. That's $6400. Double your BTC in a month, with a couple OZ for yourself/more profit.
disclaimer: I do not condone or suggest or take part in illegal transactions.
I am selling Walmart, Target, and Amazon gift cards on www.bitmit.net. They are a great way of spending bitcoins in the real world. Amazon claim codes are also available. Check it out.
http://www.bitmit.net/en/shop/c/23-money/2-us-dollar
In general, Bitmit is a great way of buying and selling items with bitcoins via its escrow feature. It is the eBay of bitcoins.
http://www.bitmit.net/en/shop/c/23-money/2-us-dollar
In general, Bitmit is a great way of buying and selling items with bitcoins via its escrow feature. It is the eBay of bitcoins.
I do not have many but after looking arround here I decided to invest in Pyramining. I have not the technology nor the knowlege to do the mining myself so I see Pyramining a way to outsource mining
Is there like a bitcoin savings account you can use?
There is a decent investment called pyramining whwere your investment is used to buy mining hardware, which then works to pay back your investment plus at least 10%. Check out the links in my sig for a full explanation and the opportunity to participate. PM me if you have any questions.
Gambling with some.
Oh, I do that too. Guess I'm not the hoarder I think myself to be. Made a pretty nice return betting on Pirate's default in August, though.
The one thing I do use bitcoins for now: I've given several friends 1BTC as a gift. I let them know they can cash it out for the $12.50 or whatever the rate at the time is, but I recommend they hold on to it. They make an online wallet, I send it over, and a new Bitcoiner ...Bitcoineer? Bitcoinator!... is born.
So what do you spend your hard earned BTC on?
Or do you hoard them hoping the exchange rate will go up?
Or do you hoard them hoping the exchange rate will go up?
Gambling with some.
I'm constantly loosing my BTC on GLBSE at a slow rate, thanks to my awesome trading skills.
But at least I have fun. It's more fun than gambling.
But at least I have fun. It's more fun than gambling.
mostly computer stuff
I like to stare at them
Is there like a bitcoin savings account you can use?
So what do you spend your hard earned BTC on?
I save most of my btc and send a small percentage to bitcoin developers as donations.
If we support our developers, they'll support us.
I used it for speculation, and improving mining equipment as well as paying programmers to get my own pool running.
Sadly i got burned on my speculation on qe3 last week, and the programmers i payd did not managed to get my pool runnning by now
Sadly i got burned on my speculation on qe3 last week, and the programmers i payd did not managed to get my pool runnning by now
Sorry to hear that..
Jump to: