Anyone cryptocurrency mine?

[Gasser64]

[quote=sc281;1669026]Lmao. Just like Vegas.


And now you wait. Pull up a chair, you'll be here for awhile. I'm stuck in DNT. Can't get out till it goes to 14 cents. Its currently at 3.6 cents. I expect to be stuck in that position for at least a year. My others are just holding at what I paid for them; no help there either. Only ones I'm up on are Safex and bitcoin.

[mustang_revival]

oops

"'$300m in cryptocurrency' accidentally lost forever due to bug"

https://www.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether

[Tx Redneck]

http://cloudcoinconsortium.com/

http://cloudcoin.global/hidra.html

Hrmmm

[sc281]

Just grabbed $150 of paragon. Had to download coinbase and buy some litecoin and then sell some of it to buy the paragoncoin.

This will be interesting. Like betting at Vegas. With probably the same results.

Lmao. Just like Vegas.

[SS Junk]

Local.

[Craizie]

All I know is I sold a GTX970 for about $50 less than what I paid for it new. Winning so much!

Where did you have it up for sale? I've got a 980 I'd like to get rid of.

[Gasser64]

Yeah many of them are scams. But many are not. That is why lots of research into any ico or coin is key. You've also got to stay on top of it because even the ones that aren't scams, will sometimes just... go away. They fade out of existence. I assume its like the company goes out of business. In the event that it wasn't a scam to begin with. Only those select few hundred stand the test of time. The thousands of others just go away. Taking lots of other people's money with them.

That said, every single one of them including bitcoin, has been called a scam by lots of people at one point or another.

[Tx Redneck]

Hrmm... https://gizmodo.com/guy-who-ran-real...the-1819756698

[DieselSmoke]

I don't know anything about mining but Bitcoin hit 6k today. Only been investing for less than a year now. Wish I would have done it back in 2010 when I was first learned about it. But anyone familiar with cryptocurrency has the same story., like when HTC was $10 this time last year. Anyhow i ride it out and see where it goes...

[Gasser64]

Saw in interesting article a few days ago on the energy consumption of bitcoin mining. The current "Bitcoin Energy Consumption Index" is around 21.75 TWh/year. If bitcoin were a country it would be ranked 70 in terms of energy consumption - ahead of Iceland and Syria, and just behind Ecuador, Nigeria, and Oman.
It's also 40x more energy intensive than Visa.
https://digiconomist.net/bitcoin-energy-consumption

Be interesting to see what happens when they're all mined out. There are only 21 million bitcoins. After that, the well is dry. Which is coming up sooner rather than later. A year from now 80% of the total will have been mined.

https://themerkle.com/80-of-all-bitcoins-will-have-been-mined-in-a-year-from-now/

[SS Junk]

All I know is I sold a GTX970 for about $50 less than what I paid for it new. Winning so much!

[Strychnine]

Saw in interesting article a few days ago on the energy consumption of bitcoin mining. The current "Bitcoin Energy Consumption Index" is around 21.75 TWh/year. If bitcoin were a country it would be ranked 70 in terms of energy consumption - ahead of Iceland and Syria, and just behind Ecuador, Nigeria, and Oman.
It's also 40x more energy intensive than Visa.

https://digiconomist.net/bitcoin-energy-consumption

[Gasser64]

As long as you're not a money launderer you've got nothing to worry about. When you take profits in fiat currency from bitcoin, they expect you to pay taxes on that just like anything else. If you don't however, and just leave it in bitcoin, you don't really incur taxes. They're being treated as stocks.

[Tx Redneck]

I just thought I'd throw this out there for yall who mine and or deal in crypto currency.

https://www.cointelegraph.com/news/irs-hunt-for-cryptocurrency-isnt-going-away-expert-blog

[CWO]

The blockchain market is going crazy right now, well beyond coins. IBM seems to be the superior solution, with Microsoft a couple of lengths behind. Anyone else looking into the Blockchain for business tech? Or, ya'll all focusing on just the coin?

Blockchain technology is the future from what I'm seeing. It's all pretty damn confusing though. Haha.