So who's mining bitcoins here?

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  • rowan
    Too lazy to set a custom title
    • Mar 2002
    • 17393
    #1

    So who's mining bitcoins here?

    I just downloaded a CPU based pool miner (for *nix) and each of the 2 threads is doing about 720kilohash/sec (so about 1.44megahash/sec total). It's an E8200 CPU on a FreeBSD server.

    I see guys with GPUs talking in terms of gigahash/sec... a graphics card is more than a thousand times more powerful than my CPU. Am I just wasting my time?
    Tags: None
    • rowan
      Too lazy to set a custom title
      • Mar 2002
      • 17393
      #2
      The pool I'm in seems to be doing 880Ghash/sec

      I am doing 0.00144GHash/sec, which I think (if I got my zeros right) is 0.00016% of that pool

      So for a block of 50BTC in the pool I get 0.0008 BTC

      If each block takes 3 hours, I make 0.0064BTC/day... which works out to about $0.10? LOL. I think I've added an extra zero somewhere - that wouldn't even cover electricity.

        Comment

        • Love Sex
          Confirmed User
          • Nov 2004
          • 1905
          #3
          skimmed cj traffic is worth more

            Comment

            • Falabala
              Registered User
              • May 2011
              • 61
              #4
              Don't bother with bitcoins unless you got ATI cards. It's cheaper to just buy them if you don't.
              ICQ - 605736748

                Comment

                • rowan
                  Too lazy to set a custom title
                  • Mar 2002
                  • 17393
                  #5
                  Originally posted by Falabala
                  Don't bother with bitcoins unless you got ATI cards. It's cheaper to just buy them if you don't.
                  Yeah, that seems to be the conclusion I'm reaching. Question is whether it's worth buying bitcoins on the open market, or investing in hardware to mine them.

                    Comment

                    • Seth Manson
                      Please dont fuck animals
                      • Jul 2010
                      • 3988
                      #6
                      You're wasting your time and electricity.

                        Comment

                        • rowan
                          Too lazy to set a custom title
                          • Mar 2002
                          • 17393
                          #7


                          This guy has a cluster with 24 machines to mine bitcoins.

                            Comment

                            • mayabong
                              Confirmed User
                              • Jan 2010
                              • 1952
                              #8
                              I watched an interview with the head guy in charge and he said it will take you 5-10 years to hit a stash of bitcoins with your typical computer today.

                              I bought some. Thought about doing the rig but don't want the headache.

                              Shit if you can just buy one it would be something to hold on to for the hell of it. lol
                              Bitcoin Gambling Sites

                                Comment

                                • 96ukssob
                                  So Fucking Banananananas
                                  • Mar 2003
                                  • 12991
                                  #9
                                  I dont know what its doing but ill stay far away from that thanks
                                  Email: Clicky on Me

                                    Comment

                                    • rowan
                                      Too lazy to set a custom title
                                      • Mar 2002
                                      • 17393
                                      #10


                                      This guy breaks it down... he paid $8000 for a 4 machine setup that does about 6Ghash/sec.

                                      So in an 880Ghash/sec pool he would earn (6 / 880) * 49 BTC = 0.334 BTC, which works out to 2.67 BTC per day or roughly $USD40/day.

                                      So if the value stayed the same and the difficulty of mining also stayed constant he'd pay off his investment in 200 days. (It becomes cost neutral sooner because if the currency died tomorrow the hardware still has second-hand value)

                                      Still seems pretty risky, especially for the guy that has his cluster of 24 machines.

                                      More impressive is the bitcoins he's purchased over time...

                                      500BTC -> $135
                                      700BTC -> ??? (Canadian funds, he doesn't say how much he spent. Let's say $200)
                                      25,000BTC -> $20,000

                                      His cash investment of roughly $20,300 for 26,200 BTC is now worth just under $500,000. Whether he could cash it all out without seriously swaying the market is another matter... but at the very least he could probably get back his initial cash investment, at current rates $20,300 is less than 5% of his total BTC investment...

                                        Comment

                                        • Love Sex
                                          Confirmed User
                                          • Nov 2004
                                          • 1905
                                          #11
                                          http://www.bitcoins.org/ Server not found

                                          went to give it a look again just now

                                            Comment

                                            • E.Banks
                                              Confirmed User
                                              • Apr 2007
                                              • 115
                                              #12
                                              I think is http://www.bitcoin.org/
                                              ICQ: 420355664

                                                Comment

                                                • rowan
                                                  Too lazy to set a custom title
                                                  • Mar 2002
                                                  • 17393
                                                  #13
                                                  It's a pity that CPUs are so gutless in this application, I have enough parts (mostly unopened) to build a custer of 4 computers...

                                                    Comment

                                                    • Love Sex
                                                      Confirmed User
                                                      • Nov 2004
                                                      • 1905
                                                      #14
                                                      Originally posted by E.Banks
                                                      I think is http://www.bitcoin.org/
                                                      thanks

                                                      just downloaded, and put this on my chinese traffic
                                                      http://www.bitp.it/

                                                        Comment

                                                        • rowan
                                                          Too lazy to set a custom title
                                                          • Mar 2002
                                                          • 17393
                                                          #15
                                                          Originally posted by Love Sex
                                                          thanks

                                                          just downloaded, and put this on my chinese traffic
                                                          http://www.bitp.it/
                                                          How many hashes/sec do you get? 318 for me, which is miniscule. Assuming that's typical, with 100,000 visitors per day spending 30 seconds on your site you'd only be doing the equivalent of 10,000-12,000 hashes per sec, which based on my calcs above is about 0.1c per day...

                                                            Comment

                                                            • rowan
                                                              Too lazy to set a custom title
                                                              • Mar 2002
                                                              • 17393
                                                              #16
                                                              Wonder if anyone's come up with a toolbar that quietly mines bitcoins. There's some toolbars that turn your PC into a huge crawler network - although the user installs it for something else, like cute avatars.

                                                                Comment

                                                                • greg80
                                                                  Confirmed User
                                                                  • May 2007
                                                                  • 1644
                                                                  #17
                                                                  what exactly do they calculate? I don't get it, are they solving some mathematical problem, or are they just processing junk?
                                                                  Say no to GoDaddy and high renewal prices! Go with NameSilo - FREE private whois for life, $8.99 regstrations and renewals. Free redirects, emails, great control panel and more! NameSilo rocks!

                                                                    Comment

                                                                    • Love Sex
                                                                      Confirmed User
                                                                      • Nov 2004
                                                                      • 1905
                                                                      #18
                                                                      Originally posted by rowan
                                                                      How many hashes/sec do you get? 318 for me, which is miniscule.
                                                                      1650 8chrs

                                                                        Comment

                                                                        • merina0803
                                                                          Registered User
                                                                          • May 2008
                                                                          • 573
                                                                          #19
                                                                          Originally posted by Seth Manson
                                                                          You're wasting your time and electricity.

                                                                            Comment

                                                                            • rowan
                                                                              Too lazy to set a custom title
                                                                              • Mar 2002
                                                                              • 17393
                                                                              #20
                                                                              Originally posted by greg80
                                                                              what exactly do they calculate? I don't get it, are they solving some mathematical problem, or are they just processing junk?
                                                                              There's no real useful output from the processing, it's simply proving that it has been completed.

                                                                              Would be nice if they were able to work in processing with real-world data and do something useful at the same time, like DNA typing or cancer research.

                                                                                Comment

                                                                                • rowan
                                                                                  Too lazy to set a custom title
                                                                                  • Mar 2002
                                                                                  • 17393
                                                                                  #21
                                                                                  This gives you an idea of which video cards are fastest and/or the fastest per watt of power consumption.

                                                                                  http://pastebin.com/AvymGnMJ

                                                                                  Even a $25 5450 GPU card hashes 8 times faster than my CPU!

                                                                                    Comment

                                                                                    • greg80
                                                                                      Confirmed User
                                                                                      • May 2007
                                                                                      • 1644
                                                                                      #22
                                                                                      Originally posted by rowan
                                                                                      There's no real useful output from the processing, it's simply proving that it has been completed.

                                                                                      Would be nice if they were able to work in processing with real-world data and do something useful at the same time, like DNA typing or cancer research.
                                                                                      This does not make any sense, why would anyone pay for something that is useless. This is like a ponzy scheme, once there are no more idiots that actually buy the coins with real money, they will be worthless.
                                                                                      Say no to GoDaddy and high renewal prices! Go with NameSilo - FREE private whois for life, $8.99 regstrations and renewals. Free redirects, emails, great control panel and more! NameSilo rocks!

                                                                                        Comment

                                                                                        • Seth Manson
                                                                                          Please dont fuck animals
                                                                                          • Jul 2010
                                                                                          • 3988
                                                                                          #23
                                                                                          Originally posted by rowan
                                                                                          There's no real useful output from the processing, it's simply proving that it has been completed.

                                                                                          Would be nice if they were able to work in processing with real-world data and do something useful at the same time, like DNA typing or cancer research.
                                                                                          Yeah, something that does nothing is really worth a lot.

                                                                                          This shit is doing something, they just wont tell you what.

                                                                                            Comment

                                                                                            • Agent 488
                                                                                              Registered User
                                                                                              • Feb 2006
                                                                                              • 22511
                                                                                              #24
                                                                                              http://www.reddit.com/r/Bitcoin/comm...t_youre_doing/

                                                                                                Comment

                                                                                                • Agent 488
                                                                                                  Registered User
                                                                                                  • Feb 2006
                                                                                                  • 22511
                                                                                                  #25
                                                                                                  the end of point of this whole thing i predict will be the creation of some giant botnet and a pump and dump scheme which will reap the founders a fortune.

                                                                                                  the social engineering aspects are brilliant as it is aimed at true believer libertarian, goldbug, sci-fi, free culture, austrian scchool types whose clever fanaticism and geeky gullibility will volunteer to grow this until it is time for the mysterious founders are ready to cash out.

                                                                                                    Comment

                                                                                                    • rowan
                                                                                                      Too lazy to set a custom title
                                                                                                      • Mar 2002
                                                                                                      • 17393
                                                                                                      #26
                                                                                                      Ended up getting an ATI 5570 card, which is 41X the speed of my E8200 CPU. Based on my above calcs it could mine roughly $4 a day on average. Not going to take over the world just yet, just a simple experiment to start with...

                                                                                                        Comment

                                                                                                        • Adraco
                                                                                                          Confirmed User
                                                                                                          • May 2009
                                                                                                          • 3745
                                                                                                          #27
                                                                                                          Originally posted by greg80
                                                                                                          This does not make any sense, why would anyone pay for something that is useless. This is like a ponzy scheme, once there are no more idiots that actually buy the coins with real money, they will be worthless.
                                                                                                          The organization don't pay you. If your computer finds the solution to one math problem, your computer will announce it to the network after it's been checked you are then awarded the price, a number of bitcoins. The only one "paying you" would be those exchange places, where people who need bitcoins for a transaction they want to make, need to buy them first and thus someone who mined them can cash out.
                                                                                                          ----------------------------------------------------------------------------------
                                                                                                          The truth is not affected by the beliefs, or doubts, of the majority.

                                                                                                            Comment

                                                                                                            • ottopottomouse
                                                                                                              She is ugly, bad luck.
                                                                                                              • Jan 2010
                                                                                                              • 13177
                                                                                                              #28
                                                                                                              Originally posted by Agent 488
                                                                                                              the end of point of this whole thing i predict will be the creation of some giant botnet and a pump and dump scheme which will reap the founders a fortune.

                                                                                                              the social engineering aspects are brilliant as it is aimed at true believer libertarian, goldbug, sci-fi, free culture, austrian scchool types whose clever fanaticism and geeky gullibility will volunteer to grow this until it is time for the mysterious founders are ready to cash out.
                                                                                                              exactly the way i see it too.
                                                                                                              ↑ see post ↑
                                                                                                              13101

                                                                                                                Comment

                                                                                                                • Si
                                                                                                                  Such Fun!
                                                                                                                  • Feb 2008
                                                                                                                  • 13900
                                                                                                                  #29
                                                                                                                  This whole bitcoin scam is getting beyond a joke.

                                                                                                                    Comment

                                                                                                                    • seeandsee
                                                                                                                      Check SIG!
                                                                                                                      • Mar 2006
                                                                                                                      • 50945
                                                                                                                      #30
                                                                                                                      wtf is this where is all money located?
                                                                                                                      BUY MY SIG - 50$/Year

                                                                                                                      Contact here

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                                                                                                                        • fatfoo
                                                                                                                          ICQ:649699063
                                                                                                                          • Mar 2003
                                                                                                                          • 27763
                                                                                                                          #31
                                                                                                                          You could sure get a better graphics card to get better graphics on your computer. You can perform tests and bench marks to test out your card. You can play a first person shooter game. Take a look at ratios such as Frame Rate per Second you are getting in your game. A better graphics card will achieve a higher frame rate.
                                                                                                                          Send me an email: [email protected]

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                                                                                                                            • ~Ray
                                                                                                                              visit hardlinks.org
                                                                                                                              • Jun 2003
                                                                                                                              • 18361
                                                                                                                              #32
                                                                                                                              Originally posted by seeandsee
                                                                                                                              wtf is this where is all money located?
                                                                                                                              bit coins are in motion
                                                                                                                              Adult Backlinks for Adult Websites - Testimonials Available

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                                                                                                                                • rowan
                                                                                                                                  Too lazy to set a custom title
                                                                                                                                  • Mar 2002
                                                                                                                                  • 17393
                                                                                                                                  #33
                                                                                                                                  Originally posted by fatfoo
                                                                                                                                  You could sure get a better graphics card to get better graphics on your computer. You can perform tests and bench marks to test out your card. You can play a first person shooter game. Take a look at ratios such as Frame Rate per Second you are getting in your game. A better graphics card will achieve a higher frame rate.
                                                                                                                                  Thank you, foobot.

                                                                                                                                  Finally got Linux and the miner software working. Now cruising along at 57 megahashes per second.

                                                                                                                                  I'm curious to find out whether the card needs to be in a 16X PCIe slot for these calcs. Would be cool if it works just as well in a 1X slot, no need for expensive and hard to get server boards with a bunch of 16X slots...

                                                                                                                                  Maybe I'll buy a new card each time I pay the last one off.

                                                                                                                                    Comment

                                                                                                                                    • Seth Manson
                                                                                                                                      Please dont fuck animals
                                                                                                                                      • Jul 2010
                                                                                                                                      • 3988
                                                                                                                                      #34
                                                                                                                                      I'm going to build a new program that gets everyone to send out spam for me by mining my ass tokens. But I'm going to get thousands of people to do it for free by telling them it's really just not doing anything and after they send out so many spams I'll issue them an ass token and tell them they can use it to buy shit but only from people that accept ass tokens and those people determine the real value.

                                                                                                                                      When all these people get hooked on mining my ass tokens I'll make them send out more and more spam for me before giving them one. This will give them the illusion that my ass tokens are going up in value and all of these ass miners will spend their real money building racks of machines to send out more spam for me. More and more miners will compete for mining my ass because the tokens will get harder to dig out and all the while I'm getting richer and richer for free while all these ass miners are really getting shit but I'll have them convinced that it's actually worth something for having their computers sitting around solving math problems that actually serve no purpose.

                                                                                                                                      This is how stupid people in real life really are.

                                                                                                                                        Comment

                                                                                                                                        • nation-x
                                                                                                                                          Confirmed User
                                                                                                                                          • Mar 2004
                                                                                                                                          • 5370
                                                                                                                                          #35
                                                                                                                                          I suspect that bitcoin will be illegal in the US soon. This reminds me of e-gold.

                                                                                                                                            Comment

                                                                                                                                            • Agent 488
                                                                                                                                              Registered User
                                                                                                                                              • Feb 2006
                                                                                                                                              • 22511
                                                                                                                                              #36
                                                                                                                                              Originally posted by Seth Manson
                                                                                                                                              I'm going to build a new program that gets everyone to send out spam for me by mining my ass tokens. But I'm going to get thousands of people to do it for free by telling them it's really just not doing anything and after they send out so many spams I'll issue them an ass token and tell them they can use it to buy shit but only from people that accept ass tokens and those people determine the real value.

                                                                                                                                              When all these people get hooked on mining my ass tokens I'll make them send out more and more spam for me before giving them one. This will give them the illusion that my ass tokens are going up in value and all of these ass miners will spend their real money building racks of machines to send out more spam for me. More and more miners will compete for mining my ass because the tokens will get harder to dig out and all the while I'm getting richer and richer for free while all these ass miners are really getting shit but I'll have them convinced that it's actually worth something for having their computers sitting around solving math problems that actually serve no purpose.

                                                                                                                                              This is how stupid people in real life really are.
                                                                                                                                              interesting to read up on the "founder" of bitcoin.

                                                                                                                                                Comment

                                                                                                                                                • Chosen
                                                                                                                                                  VIPPay.com | AdultWebSponsors.com
                                                                                                                                                  • Aug 2001
                                                                                                                                                  • 63151
                                                                                                                                                  #37
                                                                                                                                                  Originally posted by rowan
                                                                                                                                                  I just downloaded a CPU based pool miner (for *nix) and each of the 2 threads is doing about 720kilohash/sec (so about 1.44megahash/sec total). It's an E8200 CPU on a FreeBSD server.

                                                                                                                                                  I see guys with GPUs talking in terms of gigahash/sec... a graphics card is more than a thousand times more powerful than my CPU. Am I just wasting my time?
                                                                                                                                                  You'll pay more for the electricity...

                                                                                                                                                    Comment

                                                                                                                                                    • Oracle Porn
                                                                                                                                                      Affiliate
                                                                                                                                                      • Oct 2002
                                                                                                                                                      • 24433
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by seeandsee
                                                                                                                                                      wtf is this where is all money located?
                                                                                                                                                      in my pocket


                                                                                                                                                        Comment

                                                                                                                                                        • mayabong
                                                                                                                                                          Confirmed User
                                                                                                                                                          • Jan 2010
                                                                                                                                                          • 1952
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by nation-x
                                                                                                                                                          I suspect that bitcoin will be illegal in the US soon. This reminds me of e-gold.
                                                                                                                                                          Egold was centralized, Bitcoins are not. Unless the government shuts down the world wide web it will continue. The only weak spot are the exchanges which I hear will somehow be P2P also soon.
                                                                                                                                                          Bitcoin Gambling Sites

                                                                                                                                                            Comment

                                                                                                                                                            • TubeKing
                                                                                                                                                              Confirmed User
                                                                                                                                                              • May 2011
                                                                                                                                                              • 541
                                                                                                                                                              #40
                                                                                                                                                              eat your hearts out

                                                                                                                                                                Comment

                                                                                                                                                                • alias
                                                                                                                                                                  aliasx
                                                                                                                                                                  • Apr 2001
                                                                                                                                                                  • 19010
                                                                                                                                                                  #41
                                                                                                                                                                  Probably a ploy to sell hardware.
                                                                                                                                                                  https://porncorporation.com

                                                                                                                                                                    Comment

                                                                                                                                                                    • Captain Kawaii
                                                                                                                                                                      So Fucking Banned
                                                                                                                                                                      • Oct 2007
                                                                                                                                                                      • 6748
                                                                                                                                                                      #42
                                                                                                                                                                      bitcoins on NPR

                                                                                                                                                                      http://www.npr.org/2011/05/24/136620...t-are-bitcoins

                                                                                                                                                                      sounds unwise to get into just due to all the possible attention coming from US Gov et al

                                                                                                                                                                        Comment

                                                                                                                                                                        • woj
                                                                                                                                                                          <&(©¿©)&>
                                                                                                                                                                          • Jul 2002
                                                                                                                                                                          • 47882
                                                                                                                                                                          #43
                                                                                                                                                                          Originally posted by Chosen
                                                                                                                                                                          You'll pay more for the electricity...
                                                                                                                                                                          a rig like that shouldn't use more than 500W...
                                                                                                                                                                          500W*24hours = 10kWh/day or so

                                                                                                                                                                          1kWh=10cents or so [ http://www.eia.gov/cneaf/electricity...able5_6_a.html ]


                                                                                                                                                                          so he will spend around $1/day, and in theory will make $4/day... 400% return...
                                                                                                                                                                          not bad actually...
                                                                                                                                                                          Last edited by woj; 06-07-2011, 06:12 PM.
                                                                                                                                                                          Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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                                                                                                                                                                            • rowan
                                                                                                                                                                              Too lazy to set a custom title
                                                                                                                                                                              • Mar 2002
                                                                                                                                                                              • 17393
                                                                                                                                                                              #44
                                                                                                                                                                              Electricity costs more here. Based on current exchange rates I'm paying about $USD0.20/kWh.

                                                                                                                                                                              My m/b+CPU+RAM+GPU draws around 70W when hashing, so it costs about $USD0.35 per day.

                                                                                                                                                                              My earlier rough calcs were based on flawed reasoning - each round varies in duration (until someone breaks it), and the reward I receive for being part of it also varies (depends how many others were part of the pool), so I can really only work out average income by actually doing it... there's also the calculation difficulty changing and market value of BTC to consider.

                                                                                                                                                                              It's been about 12 hours since I got the GPU going, in that time I've earned 0.06392876 BTC: at $18/BTC that's $1.15; at $23/BTC (price just took a big leap on mtgox) it's $1.47. Extrapolate that to 24h and you have $2.30/$2.94. Not quite $4 a day but still effectively profitable... just at pretty pointless levels. I'm doing it more for geek fun rather than to make oodles of $, which is why I'm not building a ridiciulous rig. More fun to spend $60 on a GPU and fiddle with software than spending 5 minutes to buy $60 worth of virtual BTCs...

                                                                                                                                                                              I was thinking that with all these variations in pools that with a bit of programming you could figure out a regularly updated rank of the best performing pools, and either switch 100% of processing to the #1 rank at the time, or apportion GPU power over multiple pools. I'm sure someone's already done it. Maybe that's why they vary so much from round to round.

                                                                                                                                                                                Comment

                                                                                                                                                                                • Love Sex
                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                  • Nov 2004
                                                                                                                                                                                  • 1905
                                                                                                                                                                                  #45
                                                                                                                                                                                  Originally posted by rowan
                                                                                                                                                                                  BTC: at $18/BTC that's $1.15; at $23/BTC (price just took a big leap on mtgox) it's $1.47. Extrapolate that to 24h and you have $2.30/$2.94.
                                                                                                                                                                                  I was thinking about BTC value yesterday and was going buy $100 fun but they dont accept paypal. In theory the value has room to go up. The guy who paid 1=1. made a killing cause 1btc=$23us now. If I understood right at some point there is no more btc mining and they get divided to increments.

                                                                                                                                                                                  The price can still be artificially inflated like pump and dump.

                                                                                                                                                                                  BTC value = determined by free market
                                                                                                                                                                                  Last edited by Love Sex; 06-07-2011, 07:38 PM.

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • mayabong
                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                      • Jan 2010
                                                                                                                                                                                      • 1952
                                                                                                                                                                                      #46
                                                                                                                                                                                      Originally posted by Love Sex
                                                                                                                                                                                      I was thinking about BTC value yesterday and was going buy $100 fun but they dont accept paypal. In theory the value has room to go up. The guy who paid 1=1. made a killing cause 1btc=$23us now. If I understood right at some point there is no more btc mining and they get divided to increments.

                                                                                                                                                                                      The price can still be artificially inflated like pump and dump.

                                                                                                                                                                                      BTC value = determined by free market
                                                                                                                                                                                      I found out about it when it was like when each bitcoin was worth .0005 us dollars. I brushed it aside thinking it was like paypal. After it reached 7 - 10 bucks I bought 500 bucks worth for shits and giggles, cause I like the idea. I think the price will be harder to inflate by pump and dump once the market gets bigger but who knows. As far as this run up, I'm not sure how long it can be sustained. Its healthy for things to drop back instead of crashing like a brick.
                                                                                                                                                                                      Bitcoin Gambling Sites

                                                                                                                                                                                        Comment

                                                                                                                                                                                        • rowan
                                                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                                                          • Mar 2002
                                                                                                                                                                                          • 17393
                                                                                                                                                                                          #47
                                                                                                                                                                                          Originally posted by Love Sex
                                                                                                                                                                                          I was thinking about BTC value yesterday and was going buy $100 fun but they dont accept paypal.
                                                                                                                                                                                          Paypal was the reason for that, I think it's in their T&C's that you can't use them for currency exchange or something similar.

                                                                                                                                                                                          I was also going to put in $100 PP when it was at about $3.50, but I put it off for a few days, then PP pulled out! If I'd done it a couple of days earlier my $100 worth of BTCs would be worth $600+ now

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                                                                                                                                                                                            • mayabong
                                                                                                                                                                                              Confirmed User
                                                                                                                                                                                              • Jan 2010
                                                                                                                                                                                              • 1952
                                                                                                                                                                                              #48
                                                                                                                                                                                              Yikes trading for over 28 bucks, I've never quadroopled my investment in less than a week before..
                                                                                                                                                                                              Bitcoin Gambling Sites

                                                                                                                                                                                                Comment

                                                                                                                                                                                                • rowan
                                                                                                                                                                                                  Too lazy to set a custom title
                                                                                                                                                                                                  • Mar 2002
                                                                                                                                                                                                  • 17393
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  Originally posted by mayabong
                                                                                                                                                                                                  Yikes trading for over 28 bucks, I've never quadroopled my investment in less than a week before..
                                                                                                                                                                                                  Might be time to cash out a little of that, you know, risk-reward.

                                                                                                                                                                                                  I'm thinking I should probably buy some too; the value is going up too fast compared to how quickly I can mine them myself.

                                                                                                                                                                                                  Only catch is that mtgox has multiple "in" payment methods but only a few "out"... as an Australian I can easily buy BTC, even in AUD, but when it comes time to withdraw there's no way to get cash back to me.

                                                                                                                                                                                                  Funny thing is I haven't even set up a bitcoin client yet. Guess I should do that soon.

                                                                                                                                                                                                    Comment

                                                                                                                                                                                                    • V_RocKs
                                                                                                                                                                                                      Damn Right I Kiss Ass!
                                                                                                                                                                                                      • Nov 2003
                                                                                                                                                                                                      • 32447
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      49 bitcoins on the wall, 49 coins of bit, one fell down...

                                                                                                                                                                                                        Comment

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