Author Topic: Bitcoin Information & How-To Guide  (Read 14399 times)

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Offline Brandonazz

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Bitcoin Information & How-To Guide
« on: June 06, 2011, 01:50:38 pm »
I'm going to assume that most of you already know about bitcoins, since they've been known around the interwebs for months, and over the last few weeks have been getting a lot of media attention. The reason I'm starting this thread is because the value of a single bitcoin (BTC) hit $19.00 yesterday (as of when I first wrote this, now two days ago). Two months ago, each was worth about $1.00. They can be cashed out through any number of exchangers (e.g. Mt. Gox) or used to purchase stuff from a handful of sites that accept it as payment.

Bitcoins are generated in 50 BTC blocks, which are created by running "mining" utilities. These utilities serve to verify bitcoin transactions, meaning that the system is completely decentralized; the currency is regulated and managed by software. The generation of bitcoins is not infinite, though, there is a set number that cannot be passed, and as that number is approached by the generation of blocks by mining utilities, the chance of discovering a block decreases, approaching zero.

Early adopters figured out that GPUs are much more efficient at mining than CPUs. ATI cards especially excel at the task. (My card is nvidia, and mines five to ten times slower than a comparable ATI card.) As a result, there are utilities released that are fairly easy to set up and run to generate bitcoins. There are also groups or pools where many different miners contribute to finding blocks, which are split automatically among the participants according to their contribution. I'm in such a pool, and with my crappy nvidia make five to ten bitcents each day by running the utility in the background.

Bitcoins are sent and received to randomized addresses - using your bitcoin client or 'wallet,' you can generate any amount and use separate ones for each transaction. Wallets are localized to a computer. Computer dies, bitcoins gone. You can always keep them in an online account, like those on the trading sites I mentioned before.

Just generated a new receiving address:

1H5Tx8sNt4EwabCvFX3GAQkzAm8AdGdb7w

Boom. If you opened your wallet, clicked send bitcoins, put that in and an amount, I'd receive some moments later. Beside that, I would see the number of verifications slowly creep up, reaching a certain number before I can actually make use of them, to guarantee that no amount of bitcoins is played with to be counted twice.

If you want to mine bitcoins, the best way to do it is in a pool. Otherwise, anything less than a very powerful rig would take months to find a single block.

This is the one that I use: http://mining.bitcoin.cz/

1. Download the bitcoin wallet software. It is one of the files on the right side of the main page.
2. Download GUIMiner. It's the only mining utility that doesn't require you to use command lines to run it, and is fairly intuitive.

Quote from: GUIminer, How to Use
Extract and instead of running "poclbm.exe" (which runs the command line version), run "guiminer.exe". If you have OpenCL set up correctly this should launch the GUI. If you get an error about OpenCL, you need to install an OpenCL package from your GPU vendor. For AMD/ATI cards you can get OpenCL here.

3. Sign up on a pool (slush's pool) and make a new 'worker' on your user page once you've registered and given a wallet address.
4. Change your threshold on your user page to something smaller (mine is 0.2), so that you receive more frequent dispensation.
5. Start up GUIminer and set it up like this:



6. Hit "start mining." Eventually, a rate should appear in the bottom right in terms of hash/s, and your number of contributed shares will climb up on the left.
7. Check your page on the pool site to make sure you are gradually accruing bitcoins.
8. ???
9. PROFIT!!!

EDIT: No it's not some kind of stupid scam or plot or shady scheme. It's a bit of code invented by a nerd that's a super cool digital currency. <_<
« Last Edit: June 06, 2011, 02:03:40 pm by Brandonazz »



Offline Luminar

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Re: Bitcoin Information & How-To Guide
« Reply #1 on: June 06, 2011, 02:06:02 pm »

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #2 on: June 06, 2011, 02:07:21 pm »
Bitcoin isn't a company. Nobody runs it.

I doubt you even read the post.

Offline Krakow Sam

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Re: Bitcoin Information & How-To Guide
« Reply #3 on: June 06, 2011, 02:11:00 pm »
Yeah, this is more like an experiment in online economics. I don't see anything wrong with it.
Sam is basically right, he's just cranky.

Offline munchkin5

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Re: Bitcoin Information & How-To Guide
« Reply #4 on: June 06, 2011, 02:25:59 pm »
Got mine set up, it's almost like money for nothing.

Offline Person21

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Re: Bitcoin Information & How-To Guide
« Reply #5 on: June 06, 2011, 02:26:45 pm »
Other than the fact that the default client made my CPU run hot, and my graphics card isn't new enough to pull off mining, then there's no problem with this.
Person21 - As enjoyed by Veraal.
A wise Surface to Air Missile once said about marrying 9 year olds in Saudi Arabia "Its pretty hard to tell if a 9 year old is going to be hot when she grows up, kids change a lot, usually, seems like a bad system. That cute little nine year old you married could end being a fat, zitty teenager."

Offline munchkin5

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Re: Bitcoin Information & How-To Guide
« Reply #6 on: June 06, 2011, 02:28:27 pm »
It looks like there's no point in mining with your CPU anyway, too slow.

Also, does anyone know if there's a place you can exchange this stuff for sterling?

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #7 on: June 06, 2011, 02:28:58 pm »
Sterling like... silver?

Offline munchkin5

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Re: Bitcoin Information & How-To Guide
« Reply #8 on: June 06, 2011, 02:30:50 pm »
Pounds sterling, i.e british money.

Doesn't matter anyway, i found one already.

Offline Person21

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Re: Bitcoin Information & How-To Guide
« Reply #9 on: June 06, 2011, 02:32:37 pm »
By the way, seeing as Bitcoins suddenly getting lots of media attention, can I buy anything other than drugs and money with them yet?
Person21 - As enjoyed by Veraal.
A wise Surface to Air Missile once said about marrying 9 year olds in Saudi Arabia "Its pretty hard to tell if a 9 year old is going to be hot when she grows up, kids change a lot, usually, seems like a bad system. That cute little nine year old you married could end being a fat, zitty teenager."

Offline Krakow Sam

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Re: Bitcoin Information & How-To Guide
« Reply #10 on: June 06, 2011, 02:33:37 pm »
I think some online retailers accept them.
Sam is basically right, he's just cranky.

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #11 on: June 06, 2011, 02:41:22 pm »
I had a link to a list of such retailers in the first post, but I didn't want to help Gec contrive an excuse to move the thread again.

There's a list on the bitcoin wiki.

Offline Luminar

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Re: Bitcoin Information & How-To Guide
« Reply #12 on: June 06, 2011, 02:51:06 pm »
It costs more on your average electricity bill than you get paid mining these things. You're better off seeing if your local council allows grants to install a wind turbine on your house to cut the bills down or something.

Offline Krakow Sam

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Re: Bitcoin Information & How-To Guide
« Reply #13 on: June 06, 2011, 02:55:26 pm »
It strikes me that the mining is just a starup thing. once enough of these virtual dubloons are in circulation they will only allow more to be created as and when the need arises.
Sam is basically right, he's just cranky.

Offline Person21

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Re: Bitcoin Information & How-To Guide
« Reply #14 on: June 06, 2011, 03:04:25 pm »
It strikes me that the mining is just a starup thing. once enough of these virtual dubloons are in circulation they will only allow more to be created as and when the need arises.

Pretty sure I remember reading that they don't plan on adding more, and just relying on the fact that one bitcoin is dividable
Person21 - As enjoyed by Veraal.
A wise Surface to Air Missile once said about marrying 9 year olds in Saudi Arabia "Its pretty hard to tell if a 9 year old is going to be hot when she grows up, kids change a lot, usually, seems like a bad system. That cute little nine year old you married could end being a fat, zitty teenager."

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #15 on: June 06, 2011, 03:06:31 pm »
Yeah. The rate of discovery of new coins decreases logarithmically as you approach 23,000,000 I think.

Offline Tesla

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Re: Bitcoin Information & How-To Guide
« Reply #16 on: June 06, 2011, 03:15:09 pm »
Anyone know where I can find OpenCL for Nvidia? I have to fill out some developer application to get it from them officially, and the miner says I need it.
No way dude, you're trolling me.

Offline eropS

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Re: Bitcoin Information & How-To Guide
« Reply #17 on: June 06, 2011, 03:39:30 pm »
Isn't the only real reason you need these is to buy drugs off the internet? (ie, The Silk Road?) (Google News it if you don't know)

Brandon...
« Last Edit: June 06, 2011, 03:41:34 pm by eropS »
No, no, he did. In the everything else section, at least. Officially, this makes him king.

Offline Tesla

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Re: Bitcoin Information & How-To Guide
« Reply #18 on: June 06, 2011, 03:42:52 pm »
Yeah yeah Brandon's a druggy old news.
No way dude, you're trolling me.

Offline eropS

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Re: Bitcoin Information & How-To Guide
« Reply #19 on: June 06, 2011, 03:43:30 pm »
That part was a joke.

But... really...

Thats like... their main purpose right now.
No, no, he did. In the everything else section, at least. Officially, this makes him king.

Offline Tesla

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Re: Bitcoin Information & How-To Guide
« Reply #20 on: June 06, 2011, 03:45:13 pm »
That, and sitting on them until they're worth more, apparently.

But if they catch on, they'll obviously get more popular.
No way dude, you're trolling me.

Offline eropS

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Re: Bitcoin Information & How-To Guide
« Reply #21 on: June 06, 2011, 03:48:19 pm »
That, and sitting on them until they're worth more, apparently.

But if they catch on, they'll obviously get more popular.

Then it's just a... stock that has absolutely no value in anything other than to sell?
No, no, he did. In the everything else section, at least. Officially, this makes him king.

Offline /lurk

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Re: Bitcoin Information & How-To Guide
« Reply #22 on: June 06, 2011, 03:53:50 pm »
That, and sitting on them until they're worth more, apparently.

But if they catch on, they'll obviously get more popular.

Then it's just a... stock that has absolutely no value in anything other than to sell?

Yes.

Invest in gold or silver instead.
Not a winner anymore.

Offline eropS

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Re: Bitcoin Information & How-To Guide
« Reply #23 on: June 06, 2011, 04:06:05 pm »
Gold and silver are real though...
No, no, he did. In the everything else section, at least. Officially, this makes him king.

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #24 on: June 06, 2011, 04:17:05 pm »
And you can't mine gold and sil-

Uh.

Offline Clayface

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Re: Bitcoin Information & How-To Guide
« Reply #25 on: June 06, 2011, 11:37:54 pm »
it ate up memory from my hard drive for some reason,
and doesn't seem my graphics card can even handle it as it says there is no device for open__
not openGL, but openXX 2 other letters, i don't remember what they are, and don't feel like trying to run the program again to see what it is

Offline sgore

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Re: Bitcoin Information & How-To Guide
« Reply #26 on: June 07, 2011, 12:21:02 am »
That, and sitting on them until they're worth more, apparently.

But if they catch on, they'll obviously get more popular.

Then it's just a... stock that has absolutely no value in anything other than to sell?

eropS, you're not supposed to question things you see on the internet.
You are supposed to invest in them past the point of reason and then be outraged when the bubble bursts.
What meme is relevant right now? Look, just imagine I'm riffing on that. Updating signatures is exhausting.

Sam:The Ploofy Master

Offline dndfreak

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Re: Bitcoin Information & How-To Guide
« Reply #27 on: June 07, 2011, 12:34:59 am »
It's only investing if you're losing productivity because your comp can't handle the multitasking >.>  Otherwise you've lost nothing.

Offline Clayface

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Re: Bitcoin Information & How-To Guide
« Reply #28 on: June 07, 2011, 01:12:05 am »
except the higher energy cost

Offline eropS

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Re: Bitcoin Information & How-To Guide
« Reply #29 on: June 07, 2011, 07:15:11 am »
And the money you used to buy the coins.
No, no, he did. In the everything else section, at least. Officially, this makes him king.

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #30 on: June 07, 2011, 08:44:20 am »
You don't have to buy any coins  _

Offline sgore

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Re: Bitcoin Information & How-To Guide
« Reply #31 on: June 07, 2011, 09:11:04 am »
True, but anyone who exchanges actual goods for the currency is making an investment of sorts. Not actually saying this'll lead to some kind of drastic bubble burst, but it's just something to keep in mind.
What meme is relevant right now? Look, just imagine I'm riffing on that. Updating signatures is exhausting.

Sam:The Ploofy Master

Offline Krakow Sam

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Re: Bitcoin Information & How-To Guide
« Reply #32 on: June 07, 2011, 10:34:59 am »
You don't buy the coins.
Sam is basically right, he's just cranky.

Offline Gungnir

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Re: Bitcoin Information & How-To Guide
« Reply #33 on: June 07, 2011, 12:26:47 pm »
When you buy things with the coins, the person you're buying the things from is buying the coins.

Beats me as to why anyone would want to buy them...but hey, whatever.

Offline Krakow Sam

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Re: Bitcoin Information & How-To Guide
« Reply #34 on: June 07, 2011, 12:44:13 pm »
Because they might potentially have value in the future.
Sam is basically right, he's just cranky.

Offline Person21

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Re: Bitcoin Information & How-To Guide
« Reply #35 on: June 07, 2011, 01:33:19 pm »
And because of that, you can buy things with them now. Giving them value now.
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A wise Surface to Air Missile once said about marrying 9 year olds in Saudi Arabia "Its pretty hard to tell if a 9 year old is going to be hot when she grows up, kids change a lot, usually, seems like a bad system. That cute little nine year old you married could end being a fat, zitty teenager."

Online Inkling

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Re: Bitcoin Information & How-To Guide
« Reply #36 on: June 07, 2011, 02:52:11 pm »
What's the exchange rate for bitcoins to tulip bulbs?
Probably not a Goat, either.


Offline munchkin5

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Re: Bitcoin Information & How-To Guide
« Reply #37 on: June 07, 2011, 03:23:50 pm »
About 1 BTC : 103.5 TuBu

 

Offline dndfreak

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Re: Bitcoin Information & How-To Guide
« Reply #38 on: June 07, 2011, 03:25:20 pm »
How about for heroin?

Just curious.

Offline eropS

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Re: Bitcoin Information & How-To Guide
« Reply #39 on: June 07, 2011, 03:26:53 pm »
Go to the silk road.

No, really.

There is an ACTUAL conversion rate for that.
No, no, he did. In the everything else section, at least. Officially, this makes him king.

Offline Person21

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Re: Bitcoin Information & How-To Guide
« Reply #40 on: June 07, 2011, 03:36:46 pm »
There's a conversion rate between a currency and a good?!

Really?!
Person21 - As enjoyed by Veraal.
A wise Surface to Air Missile once said about marrying 9 year olds in Saudi Arabia "Its pretty hard to tell if a 9 year old is going to be hot when she grows up, kids change a lot, usually, seems like a bad system. That cute little nine year old you married could end being a fat, zitty teenager."

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #41 on: June 07, 2011, 04:39:59 pm »
OH. MY. GOD.

PS - Stop talking about drugs guys. It's against the rules.

EDIT: 1BTC = $23.00
« Last Edit: June 07, 2011, 04:47:59 pm by Brandonazz »

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #42 on: June 07, 2011, 11:05:05 pm »
Twenty-eight.

Offline GroxGlitch

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Re: Bitcoin Information & How-To Guide
« Reply #43 on: June 10, 2011, 12:31:58 pm »
Uh....isn't this, I dunno, illegal or something?
I'm pretty sure this violates some form of law in some country, being able to exchange these for real money when they themselves are obtainable without spending money?

Offline munchkin5

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Re: Bitcoin Information & How-To Guide
« Reply #44 on: June 10, 2011, 12:33:30 pm »
That sort of thing is not illegal in any country.

Offline /lurk

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Re: Bitcoin Information & How-To Guide
« Reply #45 on: June 10, 2011, 12:41:04 pm »
Of course it is. If you turn them into real money you're committing tax fraud at the very least.

It just doesn't break any laws that anyone cares about yet.
Not a winner anymore.

Offline GroxGlitch

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Re: Bitcoin Information & How-To Guide
« Reply #46 on: June 10, 2011, 12:41:38 pm »
Yeah...
I still can't get into this...
If I used my laptops's ****ty Graphics Chipset, it'd probably explode or something.
I don't even really have a proper "video card" persay.

Offline munchkin5

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Re: Bitcoin Information & How-To Guide
« Reply #47 on: June 10, 2011, 12:45:17 pm »
Of course it is. If you turn them into real money you're committing tax fraud at the very least.

It just doesn't break any laws that anyone cares about yet.

Only if you don't declare your earnings.

Offline Tesla

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Re: Bitcoin Information & How-To Guide
« Reply #48 on: June 10, 2011, 12:45:55 pm »
...being able to exchange these for real money when they themselves are obtainable without spending money?

You think selling things you make is illegal?
No way dude, you're trolling me.

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #49 on: June 11, 2011, 04:28:50 pm »
Guys look!

http://bitcoincharts.com/markets/

Downward spiral of death! :D

Offline sgore

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Re: Bitcoin Information & How-To Guide
« Reply #50 on: June 11, 2011, 08:26:24 pm »
And so then yes the bubble burst.
As the story goes.

Hope nobody invested too much in this.
What meme is relevant right now? Look, just imagine I'm riffing on that. Updating signatures is exhausting.

Sam:The Ploofy Master

Offline Luminar

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Re: Bitcoin Information & How-To Guide
« Reply #51 on: June 11, 2011, 08:54:07 pm »
I kind of did say this right in the second post, you know...

Offline martyk

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Re: Bitcoin Information & How-To Guide
« Reply #52 on: June 11, 2011, 10:07:42 pm »
Science clear states that the more people know about something, the less it's worth.

I am almost certain science said this.

Therefore, by this logic, the only posibilty for the lately sucesfull Bitcoin was to crash,

Powered by science!
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Offline MetallicDragon

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Re: Bitcoin Information & How-To Guide
« Reply #53 on: June 12, 2011, 12:43:41 pm »
Aaannd the price bounced back up to double what it was yesterday.

Offline sgore

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Re: Bitcoin Information & How-To Guide
« Reply #54 on: June 12, 2011, 01:00:40 pm »
<.<

>.>

Does that mean there's still time for me to get in on this thing?
What meme is relevant right now? Look, just imagine I'm riffing on that. Updating signatures is exhausting.

Sam:The Ploofy Master

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #55 on: June 12, 2011, 03:02:57 pm »
But sgore:

And so then yes the bubble burst.
As the story goes.

Hope nobody invested too much in this.

Why would you do that?

Offline sgore

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Re: Bitcoin Information & How-To Guide
« Reply #56 on: June 12, 2011, 04:00:38 pm »
I don't know who that man is. I don't know what you are talking about. It is all lies.

Until this thing goes sour again. Then, yes, that is me.

(...In all seriousness I still think this is a bit of a bad idea for the long term. The currency is only worth as much in real money/goods as people are willing to exchange for it, and if enough people exchange a lot of real life goods for bitcoins, when the value of said coins goes down, I'm still concerned it's an investment that'll end up burning them badly. In the meantime, if you want to go about getting them via the free methods already mentioned, there's relatively little harm in that.)
What meme is relevant right now? Look, just imagine I'm riffing on that. Updating signatures is exhausting.

Sam:The Ploofy Master

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #57 on: June 12, 2011, 09:29:01 pm »
$23!

Ride the rollercoaster, folks.

Offline PatMan33

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Re: Bitcoin Information & How-To Guide
« Reply #58 on: June 15, 2011, 10:22:51 am »
Watermelon Coffee

Looks like Bitcoin got jacked up.

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #59 on: June 15, 2011, 11:28:22 am »
I wonder how that happened.

And I want to know how to do it.

Offline Tesla

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Re: Bitcoin Information & How-To Guide
« Reply #60 on: June 15, 2011, 11:31:25 am »
Panic! Panic!

Sell sell sell!
No way dude, you're trolling me.

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #61 on: June 15, 2011, 11:46:05 am »
Actually it's barely moved for a couple of days now.

Offline PatMan33

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Re: Bitcoin Information & How-To Guide
« Reply #62 on: June 17, 2011, 10:21:10 am »

Offline PatMan33

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Re: Bitcoin Information & How-To Guide
« Reply #63 on: June 19, 2011, 11:19:03 pm »
Guess what?

I guess the first big test of a currency aside from early adoption is overcoming the flood of scammers that crop up once the ball gets rolling a bit.

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #64 on: June 20, 2011, 02:03:43 pm »
Yeah, thankfully the site locked up for a while and rolled back all of the transactions.

Offline Brandonazz

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Re: Bitcoin Information & How-To Guide
« Reply #65 on: December 05, 2013, 10:38:16 pm »
I TOLD YOU! I TOLD YOU ALL!

Not worth it.
That, and sitting on them until they're worth more, apparently.

But if they catch on, they'll obviously get more popular.

Then it's just a... stock that has absolutely no value in anything other than to sell?

Yes.

Invest in gold or silver instead.

ESPECIALLY YOU!

Disclaimer: I never actually said you should invest heavily in bitcoins; I merely provided you with tools and information.
« Last Edit: December 05, 2013, 10:48:24 pm by Brandonazz »

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Offline eropS

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Re: Bitcoin Information & How-To Guide
« Reply #67 on: December 05, 2013, 11:22:32 pm »
Man if only younger me was more prudent haha
No, no, he did. In the everything else section, at least. Officially, this makes him king.

Offline Gungnir

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Re: Bitcoin Information & How-To Guide
« Reply #68 on: December 06, 2013, 12:34:09 am »
Bitcoin and netflix. The two big missed investments that really seem to stick out to me.

Oh well. At least I didn't invest in hulu. (is hulu even public?)

Offline Krakow Sam

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Re: Bitcoin Information & How-To Guide
« Reply #69 on: December 06, 2013, 12:38:01 am »
Hey does anyone know anyone who'd be interested in buying Blockbuster Video stock?

No reason really, just asking for a friend. >______>
Sam is basically right, he's just cranky.

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Re: Bitcoin Information & How-To Guide
« Reply #70 on: December 06, 2013, 01:11:35 am »
The last time I saw a Blockbuster, I was watching South Park.

(I can't remember the last time I saw a real one)

Offline PatMan33

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Re: Bitcoin Information & How-To Guide
« Reply #71 on: December 06, 2013, 07:05:25 am »
Pretty sure I mined like, five or six bitcoins.

Are they worth anything? And are they still on my account thingy?

Offline Krakow Sam

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Re: Bitcoin Information & How-To Guide
« Reply #72 on: December 06, 2013, 07:37:13 am »
If you still have them they're only worth like 4 grand?

Pssh.
Sam is basically right, he's just cranky.

Offline PatMan33

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Re: Bitcoin Information & How-To Guide
« Reply #73 on: December 06, 2013, 08:21:21 pm »
Interesting...

Offline Tesla

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Re: Bitcoin Information & How-To Guide
« Reply #74 on: December 06, 2013, 11:49:49 pm »
You should still have them if you have your details, they don't go away or anything.

But don't sell now, the price is dropping a lot. At their peak this week, they were worth $1,200 apiece.
No way dude, you're trolling me.

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Re: Bitcoin Information & How-To Guide
« Reply #75 on: December 07, 2013, 09:54:36 am »
At their peak this week

How volatile is this market exactly?

Offline Tesla

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Re: Bitcoin Information & How-To Guide
« Reply #76 on: December 07, 2013, 10:33:49 am »
Pretty volatile!

It stayed around $1000ish for a few days.

It's rising back towards it at the moment, though.
No way dude, you're trolling me.

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Re: Bitcoin Information & How-To Guide
« Reply #77 on: December 07, 2013, 03:48:27 pm »
How volatile is this market exactly?

Here is the closing price of every day for the last year. The blue band is a Donchian channel, which represents the range of transaction values at that time.



Logarithmic scale:



From an article in August.

« Last Edit: December 07, 2013, 03:53:41 pm by Brandonazz »

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Re: Bitcoin Information & How-To Guide
« Reply #78 on: December 07, 2013, 10:53:19 pm »
So after seeing all the news stories about bitcoin recently and after bugging Brandon about it for weeks, I finally have bitcoin mining set up.  I'm not trying to actually make money on this stuff, I just wanted to have some amount of bitcoin to make it more interesting to watch the prices go nuts.  I really have no idea what I'm doing, but if this site is correct:

http://bitcoin.web-share.nl/

I may have .001 bitcoins in a few weeks.  So basically it's functioning as Cookie Clicker, but it might cough up a quarter every now and then.
Probably not a Goat, either.


Offline Didero

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Re: Bitcoin Information & How-To Guide
« Reply #79 on: December 08, 2013, 02:54:09 am »
From what I've read (which was admittedly a few months ago) mining for bitcoins isn't really worth it, since it costs more in electricity than you can make from the mining.
Seems like a good way to turn your computer into a room heater though :P

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Re: Bitcoin Information & How-To Guide
« Reply #80 on: December 08, 2013, 10:02:13 am »
I'm not trying to make money.  I just wanted a unit of bitcoin, however small it is, to make watching the prices fluctuate wildly more interesting.
Probably not a Goat, either.


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Re: Bitcoin Information & How-To Guide
« Reply #81 on: March 03, 2014, 02:36:54 pm »
So how big of a deal was that Mt. Grox crash the other day?  I saw tons of articles proclaiming it to be the end of bitcoin, but they were mostly from business or finance sources that probably want to see it fail.

And for the record, I gave up on the mining thing months ago.
Probably not a Goat, either.


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Re: Bitcoin Information & How-To Guide
« Reply #82 on: March 03, 2014, 09:03:15 pm »
Montezuma has declared war!!

Offline eropS

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Re: Bitcoin Information & How-To Guide
« Reply #83 on: March 03, 2014, 09:27:58 pm »
Magic the Gathering Online Exchange

MtGOX

Mt.GOX

Mt. Gox

Mt. Grox

It's like telephone except in real life
No, no, he did. In the everything else section, at least. Officially, this makes him king.

Offline Krakow Sam

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Re: Bitcoin Information & How-To Guide
« Reply #84 on: March 04, 2014, 03:07:18 am »
I guess everyone is going to be backing *ugh* Dogecoin now after it got used to fund the Jamaican bobsled team.
Sam is basically right, he's just cranky.

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Re: Bitcoin Information & How-To Guide
« Reply #85 on: March 04, 2014, 03:01:20 pm »
I wonder how hard it is to mine those.  Or do you dig them up?  Have a litter of Dogecoins?
Probably not a Goat, either.


Offline Krakow Sam

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Re: Bitcoin Information & How-To Guide
« Reply #86 on: March 04, 2014, 03:50:30 pm »
Iunno, probably very similar to bitcoins.

Sam is basically right, he's just cranky.

Offline Tesla

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Re: Bitcoin Information & How-To Guide
« Reply #87 on: March 04, 2014, 04:11:55 pm »
yup, the same
No way dude, you're trolling me.

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Re: Bitcoin Information & How-To Guide
« Reply #88 on: March 05, 2014, 10:32:11 am »
Is Mt. Grox the mountain at the center of the galaxy?

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Re: Bitcoin Information & How-To Guide
« Reply #89 on: March 05, 2014, 04:19:22 pm »
I vote for the next cryptocurrency exchange to be called the Aggro Crag.
Probably not a Goat, either.