Deep Web/Bitcoin Mining

[Rsully70sev]

Ah, my old thread. Couldn't agree more, hindsight is a bitch.

Back when I made this thread my buddy and I were mining dozens of these a month. We were beyond careless with them being that they were $30-$70 at the time.

I used to bet a lot with them since you couldn't do shit else but buy drugs at the time. I'd consistently have 20+ bitcoin in play at any given time. On bullshit too like cricket, downhill skiing, Japanese basketball/baseball matches, 10 game MLB parlays, etc. Looking back I can't believe I bet $50,000 on a Dota match between USA & China.

Still have a couple, but definitely could have been a millionaire right now.

[cale]

Just FYI, I wasn't suggesting you were too lazy to read what I'd provide, but speaking generally that people often make excuses for things they don't take the time to learn. If you've got things holding you back, sorry for the comment, not my intent.

There are exchanges that offer to both sell, and secure your purchases if you want to go the simple route. Some of the bigger ones are trustworthy, but the bigger issue is not trust but security. I'd advise against using their offered wallets, but if it's all you can do I suggest small so if it goes bad it's not the end of the world.

Hindsight, it's a bitch. Check out the story of two btc owners agreeing on the sale of two pizzas back in 2010. 10,000btc for two pizzas, equivalent to over $100mil as of today.

[Vincent Brick]

Define "really need to understand computers". If you can install software and follow youtube videos, you can relatively safely purchase and secure your purchases. Learn about wallets, learn the do's and don'ts of purchasing, learn about two factor authentication and finally invest in a hardware wallet for long term safe storage.

https://www.reddit.com/r/Bitcoin/comments/6jlop4/rbitcoin_faq_newcomers_please_read/

This should provide anyone all they need to get into it. It seems like a lot of information, because it is. It's all plainly laid out, as well as easy to understand. If you still think it's too complicated and you need a computer science degree, it's because you're too lazy to read.

I'm just not good with computers, like, at all, they are the bane of my existence. Despite 20+ years of daily computer use I can barely operate a smartphone.

I read up on Bitcoin and cryptocurrency a lot several years ago when I first heard of it, but I have some cognitive issues, so it's often hard for me to wrap my head around complex concepts. I'll check out the link that you posted. (Little bit of a harsh 'tude for a Canadian, eh?)

A stranger on Reddit gave me like 35 cents in Bitcoin several years ago while trying to explain to me how it works, I look today and it is now worth $54. If I had been smart enough to dump all of my savings into it right then I would legit be rich right now, like enough money to not really have to worry about survival ever again.

[slammin.e28]

I made 10k with ethereum in the last year. Thinking about mining some of the smaller tokens

I think it's pretty hard to lose money with crypto currency right now..

Yeah, I was eyeballing others coz if there's a set amount, any investment will grow as people get into it.

[pandaboo911]

I made 10k with ethereum in the last year. Thinking about mining some of the smaller tokens

I think it's pretty hard to lose money with crypto currency right now..

[cale]

Define "really need to understand computers". If you can install software and follow youtube videos, you can relatively safely purchase and secure your purchases. Learn about wallets, learn the do's and don'ts of purchasing, learn about two factor authentication and finally invest in a hardware wallet for long term safe storage.

https://www.reddit.com/r/Bitcoin/comments/6jlop4/rbitcoin_faq_newcomers_please_read/

This should provide anyone all they need to get into it. It seems like a lot of information, because it is. It's all plainly laid out, as well as easy to understand. If you still think it's too complicated and you need a computer science degree, it's because you're too lazy to read.

[Vincent Brick]

I really wish I could make sense of this stuff, I have money I would like to invest and a desperate need for income. Seems like you really need to understand both computers and investing to get in. I have yet to find anything breaking it down into layman's terms.

[cale]

These last few weeks are a pretty good example of why it will never be a viable currency.

It's also a great example of why any good portfolio should heavily favor medium risk investments, but also have a certain amount allocated for risky endeavors you're not afraid to lose.

[decay]

So....we gonna pop $10k....

Man shoulda got in back in aught-twelve....

tried to tell y'all

[slammin.e28]

So....we gonna pop $10k....

Man shoulda got in back in aught-twelve....

[Wschnitz]

These last few weeks are a pretty good example of why it will never be a viable currency.

[xAZxE30x]

My brother and I turned $2,000 Into $19,700 a few weeks back on the 0x ICO. Got out at the perfect time as it tanked shortly after

[Vedubin01]

pretty old thread but, how is everyone doing these days where bitcoin is upwards of $4600 and other coins doing well like Eth and LC.

[decay]

Bought one of these and just fired it up:

http://zoomhash.com/collections/top-sellers/products/batch-8-gridseed-300-400-kh-s-asic-scrypt-sha-miner-ships-from-los-angeles-ships-next-monday

It's not a super-fast device, but only drawing 7 watts, I can run it (and all my Bitcoin ASICs) without noticing a hit on PG&E. Planning on buying one per paycheck until I have an array of 12.

I have it pointed here: http://wafflepool.com/ - scrypt pool that watches the markets and mines whatever is most profitable, then cashes out to Bitcoin for you.

[xAZxE30x]

that's pretty sweet! sometimes, you just get lucky. paying off student loans doesn't sound like much, but that probably put you 4-5 years ahead. :)

I had a few grand in tesla at $20. I doubled my money and sold. Durrr! I just don't look at it now..

I hear you on that :/ been there many times!!

What I'm still hurting about is not buying Sirius when It was at .13. My dad bought $10,000 worth on a big gamble and now sits pretty hefty. I will never forgive him for not sharing his tip on that move