Deep Web/Bitcoin Mining

[supermansocks95]

Hey, my first seriously drunk post on r3v. Kinda sad it wasn't on the Nonsense thread and about licking buttholes or something, but I'll take it. On topic though, maybe I'll look into mining hardware at some point and look into some lighter coin. We already have some of the cheapest electricity in the country or state or something, so it might be profitable.

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[Wschnitz]

It's a huge risk, definitely worth it if you can scoop up cheap hardware though.

Doing the math I'm best off mining small alt coins or etherium classic, I've switched to classic for now since I'll actually get fractions of a coin much sooner.

[supermansocks95]

It's a huge risk, definitely worth it if you can scoop up cheap hardware though.

Probably on taxes or something. Definitely after I either buy the house or decide not to.

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[Mediumrarechicken]

I'm thinking smaller altcoins. Something that's easier to mine. Bitcoin takes quite a bit. Mine smaller, and you'll get a nice small bit of extra income. I'm seeing if mining ethereum with my phone will actually work. I've calculated 12 days at the current rate will get me 1 ETH. I'm guessing it's probably too good to be true, but we'll see. I've got my wallet set up and all. I've also got my old S6 running it.

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What are you using? I have an s6 too, and a few iphones

[supermansocks95]

What are you using? I have an s6 too, and a few iphones

I'm using minergate. Don't use phones. It's slow as fuck. Although, I put my s6 in the mini fridge downstairs connected to a charger constantly and I'm seeing from 30-40 H/s. I should see 1 dollar in 2 weeks lol

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[Joe G]

This is insane. $16k. Wow.

[supermansocks95]

Well, it looks like for Christmas, I should be getting RAM, the motherboard and cpu. So that takes about $250 off of my list. Still the cheaper parts of the build, but it helps. I feel like this'll potentially be more profitable than getting 2-step for the Neon.

[MR E30 325is]

This is insane. $16k. Wow.

It truly is insane.

I love the Bitcoin memes that are circulating right now.

I may regret saying this, but I feel bad for people dumping serious money into bitcoin at the moment. It is a serious gamble.

[slammin.e28]

Are we ready for $17k by this afternoon?

I am. ^_^

[Wschnitz]

Bitcoin is officially a meme currency.

[Joe G]

Peaked at $19 earlier today. I'm done buying. Got in 'low' at $5k hahaha

[decay]

It truly is insane.

I love the Bitcoin memes that are circulating right now.

I may regret saying this, but I feel bad for people dumping serious money into bitcoin at the moment. It is a serious gamble.

in the short-term, yes, you can lose.

buying and holding has been a solid long strategy over the past 5 years i've been paying attention.

but could this be another bubble? absolutely.

[slammin.e28]

Yeah we almost hit 20k yesterday, then it crashed hard and seems to have stabilized a bit around 15.5.

Meh. I got in around 9700, so I'm not unhappy. I'm holding though. It's just a fun game.

[Mediumrarechicken]

Yeah we almost hit 20k yesterday, then it crashed hard and seems to have stabilized a bit around 15.5.

Meh. I got in around 9700, so I'm not unhappy. I'm holding though. It's just a fun game.

Its like going to the casino, but better, I can get my gambling on at work, home, while arguing with the wife, and I can get hammered and not worry about getting home.

[varg]

but could this be another bubble? absolutely.

I would say yes. Some classic bubble warning signs are present. If I had any bitcoin I'd be cashing in right about now, but I don't have enough money to wager it on volatile things.