Current Events > How is cryptocurrency useful

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Damn_Underscore 03/13/18 12:24:01 PM #1:	It's basically a cash alternative, but - It's not accepted in most places - It's much more complicated than using cash - The prices/values vary wildly all the time - There are a ton of fees for buying and selling it And I would rather use a credit card to buy stuff online because you can get cash back. --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:897719624] in How is cry... [t:76411358]...</cite> <quote>It's basically a cash alternative, but - It's not accepted in most places - It's much more complicated than using cash - The prices/values vary wildly all the time - There are a ton of fees for buying and selling it And I would rather use a credit card to buy stuff online because you can get cash back.</quote> ... Copied to Clipboard!
spudger 03/13/18 12:24:24 PM #2:	500 troll topic --- -Only dead fish swim with the current http://error1355.com/ce/spudger.html <cite>spudger posted [p:897719643] in How is cry... [t:76411358]...</cite> <quote>500 troll topic</quote> ... Copied to Clipboard!
REMercsChamp 03/13/18 12:24:44 PM #3:	It's just a ponzi scheme dude --- https://i.imgur.com/lwkIVOb.png <cite>REMercsChamp posted [p:897719667] in How is cry... [t:76411358]...</cite> <quote>It's just a ponzi scheme dude</quote> ... Copied to Clipboard!
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Link HT 03/13/18 12:25:12 PM #5:	Only advantage is is decentralized and SUPPOSEDLY 100% traceable by anyone. That being said it won't be a real alternative for the reasons you stated, among others. --- http://i.imgur.com/Tx1FX.jpg <cite>Link HT posted [p:897719689] in How is cry... [t:76411358]...</cite> <quote>Only advantage is is decentralized and SUPPOSEDLY 100% traceable by anyone. That being said it won't be a real alternative for the reasons you stated, among others.</quote> ... Copied to Clipboard!
whitelytning 03/13/18 12:25:53 PM #6:	Someone just watched this week's John Oliver show. --- ************************************************ http://i.imgur.com/iZdWIKJ.jpg <cite>whitelytning posted [p:897719715] in How is cry... [t:76411358]...</cite> <quote>Someone just watched this week's John Oliver show.</quote> ... Copied to Clipboard!
Damn_Underscore 03/13/18 12:26:49 PM #7:	whitelytning posted... Someone just watched this week's John Oliver show. wow I actually agree with John Oliver about something --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:897719771] in How is cry... [t:76411358]...</cite> <quote><cite>whitelytning posted...</cite> <quote>Someone just watched this week's John Oliver show.</quote> wow I actually agree with John Oliver about something</quote> ... Copied to Clipboard!
pick4six 03/13/18 12:26:49 PM #8:	Just because your tiny brain cant comprehend how it functions doesnt mean it isnt useful. --- Bitcoin! <cite>pick4six posted [p:897719772] in How is cry... [t:76411358]...</cite> <quote>Just because your tiny brain cant comprehend how it functions doesnt mean it isnt useful.</quote> ... Copied to Clipboard!
Tmaster148 03/13/18 12:27:17 PM #9:	Security is really the biggest advantage it has and why some big companies are looking into blockchain. But we're far away from seeing blockchain being used seriously. --- http://i.imgur.com/BBcZDLJ.png <cite>Tmaster148 posted [p:897719795] in How is cry... [t:76411358]...</cite> <quote>Security is really the biggest advantage it has and why some big companies are looking into blockchain. But we're far away from seeing blockchain being used seriously.</quote> ... Copied to Clipboard!
spudger 03/13/18 12:27:26 PM #10:	whitelytning posted... Someone just watched this week's John Oliver show. Poor eos --- -Only dead fish swim with the current http://error1355.com/ce/spudger.html <cite>spudger posted [p:897719807] in How is cry... [t:76411358]...</cite> <quote><cite>whitelytning posted...</cite> <quote>Someone just watched this week's John Oliver show.</quote> Poor eos</quote> ... Copied to Clipboard!
voldothegr8 03/13/18 12:28:51 PM #11:	The only thing it's useful for is creating ponzi schemes. --- Oda break tracker 2018- 2 (1) \| THE Ohio State: 11-2 \| Oakland Raiders: 6-10 Super Mario Maker Profile: 1237-0000-0073-02FE <cite>voldothegr8 posted [p:897719901] in How is cry... [t:76411358]...</cite> <quote>The only thing it's useful for is creating ponzi schemes.</quote> ... Copied to Clipboard!
AlisLandale 03/13/18 12:41:08 PM #12:	Some cryptos are part of larger programs or platforms. Others have niche uses for businesses or other industries. As a currency its all terrible though. --- Story Lovers Welcome! https://gamefaqs.gamespot.com/boards/1443-writers-cafe http://i.imgtc.com/YQId2Bz.png <cite>AlisLandale posted [p:897720598] in How is cry... [t:76411358]...</cite> <quote>Some cryptos are part of larger programs or platforms. Others have niche uses for businesses or other industries. As a currency its all terrible though.</quote> ... Copied to Clipboard!
Link HT 03/13/18 12:57:39 PM #13:	spudger posted... whitelytning posted... Someone just watched this week's John Oliver show. Poor eos literally vapourware worth over a billion --- http://i.imgur.com/Tx1FX.jpg <cite>Link HT posted [p:897721527] in How is cry... [t:76411358]...</cite> <quote><cite>spudger posted...</cite> <quote><cite>whitelytning posted...</cite> <quote>Someone just watched this week's John Oliver show.</quote> Poor eos</quote> literally vapourware worth over a billion</quote> ... Copied to Clipboard!
TheMarthKoopa 03/13/18 1:14:35 PM #14:	voldothegr8 posted... The only thing it's useful for is creating ponzi schemes. Why do people forget that mining is a thing Generating free money is a pretty useful thing <cite>TheMarthKoopa posted [p:897722562] in How is cry... [t:76411358]...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>The only thing it's useful for is creating ponzi schemes.</quote> Why do people forget that mining is a thing Generating free money is a pretty useful thing</quote> ... Copied to Clipboard!
Link HT 03/13/18 1:16:07 PM #15:	TheMarthKoopa posted... voldothegr8 posted... The only thing it's useful for is creating ponzi schemes. Why do people forget that mining is a thing Generating free money is a pretty useful thing it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage. --- http://i.imgur.com/Tx1FX.jpg <cite>Link HT posted [p:897722651] in How is cry... [t:76411358]...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>The only thing it's useful for is creating ponzi schemes.</quote> Why do people forget that mining is a thing Generating free money is a pretty useful thing</quote> it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage.</quote> ... Copied to Clipboard!
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ElatedVenusaur 03/13/18 1:17:49 PM #17:	It's great for illegal stuff. <cite>ElatedVenusaur posted [p:897722747] in How is cry... [t:76411358]...</cite> <quote>It's great for illegal stuff.</quote> ... Copied to Clipboard!
TheMarthKoopa 03/13/18 1:20:30 PM #18:	Link HT posted... it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage. It's not cost ineffective and pretty easy to not mine coins that are worthless "It's basically generating garbage", only if you're doing it wrong. <cite>TheMarthKoopa posted [p:897722895] in How is cry... [t:76411358]...</cite> <quote><cite>Link HT posted...</cite> <quote>it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage.</quote> It's not cost ineffective and pretty easy to not mine coins that are worthless "It's basically generating garbage", only if you're doing it wrong.</quote> ... Copied to Clipboard!
voldothegr8 03/13/18 1:23:21 PM #19:	TheMarthKoopa posted... It's not cost ineffective Do you get free electricity? --- Oda break tracker 2018- 2 (1) \| THE Ohio State: 11-2 \| Oakland Raiders: 6-10 Super Mario Maker Profile: 1237-0000-0073-02FE <cite>voldothegr8 posted [p:897723071] in How is cry... [t:76411358]...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote>It's not cost ineffective</quote> Do you get free electricity?</quote> ... Copied to Clipboard!
DoctorVader 03/13/18 1:24:53 PM #20:	Link HT posted... TheMarthKoopa posted... voldothegr8 posted... The only thing it's useful for is creating ponzi schemes. Why do people forget that mining is a thing Generating free money is a pretty useful thing it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage. Yeah, this is bullshit. --- It all just disappears, doesn't it? Everything you are, gone in a moment, like breath on a mirror. - The Doctor <cite>DoctorVader posted [p:897723163] in How is cry... [t:76411358]...</cite> <quote><cite>Link HT posted...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>The only thing it's useful for is creating ponzi schemes.</quote> Why do people forget that mining is a thing Generating free money is a pretty useful thing</quote> it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage.</quote> Yeah, this is bullshit.</quote> ... Copied to Clipboard!
TheMarthKoopa 03/13/18 1:25:02 PM #21:	voldothegr8 posted... Do you get free electricity? You generate more money than what you paid to do it what is revenue and profit <cite>TheMarthKoopa posted [p:897723173] in How is cry... [t:76411358]...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>Do you get free electricity?</quote> You generate more money than what you paid to do it what is revenue and profit</quote> ... Copied to Clipboard!
voldothegr8 03/13/18 1:28:20 PM #22:	TheMarthKoopa posted... voldothegr8 posted... Do you get free electricity? You generate more money than what you paid to do it what is revenue and profit Sure. If you spend thousands on GPUs, run new circuits to handle it which spikes your electric bill, you might eventually make profit. I wouldn't call such a thing efficient though. --- Oda break tracker 2018- 2 (1) \| THE Ohio State: 11-2 \| Oakland Raiders: 6-10 Super Mario Maker Profile: 1237-0000-0073-02FE <cite>voldothegr8 posted [p:897723367] in How is cry... [t:76411358]...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>Do you get free electricity?</quote> You generate more money than what you paid to do it what is revenue and profit</quote> Sure. If you spend thousands on GPUs, run new circuits to handle it which spikes your electric bill, you might eventually make profit. I wouldn't call such a thing efficient though.</quote> ... Copied to Clipboard!
Link HT 03/13/18 1:29:35 PM #23:	DoctorVader posted... Link HT posted... TheMarthKoopa posted... voldothegr8 posted... The only thing it's useful for is creating ponzi schemes. Why do people forget that mining is a thing Generating free money is a pretty useful thing it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage. Yeah, this is bullshit. lol Mining has a fixed cost and coins don't have fixed value. It's not hard to imagine a time when a coin is worth less than it cost to generate it. How is it bullshit if it's happened before with coins that crashed? There ARE people out there holding worthless coins that cost money to make, you just don't hear about them because this whole thing is ponzi scheme garbage filled with survivorship bias. --- http://i.imgur.com/Tx1FX.jpg <cite>Link HT posted [p:897723442] in How is cry... [t:76411358]...</cite> <quote><cite>DoctorVader posted...</cite> <quote><cite>Link HT posted...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>The only thing it's useful for is creating ponzi schemes.</quote> Why do people forget that mining is a thing Generating free money is a pretty useful thing</quote> it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage.</quote> Yeah, this is bullshit.</quote> lol Mining has a fixed cost and coins don't have fixed value. It's not hard to imagine a time when a coin is worth less than it cost to generate it. How is it bullshit if it's happened before with coins that crashed? There ARE people out there holding worthless coins that cost money to make, you just don't hear about them because this whole thing is ponzi scheme garbage filled with survivorship bias.</quote> ... Copied to Clipboard!
Minute 03/13/18 1:30:17 PM #24:	Damn_Underscore posted... It's basically a cash alternative That's where you're wrong, kiddo. Crypto is basically a stock right now, I know a lot of miners and crypto fanatics (work in a PC parts store) and not one of them has ever even considered making purchases with their crypto. Why would they? The longer they hold on to it, the more valuable it will be. At least, until the bubble pops. But ask any of them, they'll swear there's no bubble... Even though crypto, if it's not a currency, is literally fucking useless. --- Ryzen 7 1800x \|\| MSI X370 Gaming Carbon Pro \|\| Cooler Master Masterbox Pro 5 G.Skill Trident Z 16GB 3200MHz C14 \|\| GIGABYTE GTX 1060 6GB \|\| Kraken x62 <cite>Minute posted [p:897723485] in How is cry... [t:76411358]...</cite> <quote><cite>Damn_Underscore posted...</cite> <quote>It's basically a cash alternative</quote> That's where you're wrong, kiddo. Crypto is basically a stock right now, I know a lot of miners and crypto fanatics (work in a PC parts store) and not one of them has ever even considered making purchases with their crypto. Why would they? The longer they hold on to it, the more valuable it will be. At least, until the bubble pops. But ask any of them, they'll swear there's no bubble... Even though crypto, if it's not a currency, is literally fucking useless.</quote> ... Copied to Clipboard!
Link HT 03/13/18 1:32:18 PM #25:	Minute posted... Damn_Underscore posted... It's basically a cash alternative That's where you're wrong, kiddo. Crypto is basically a stock right now, I know a lot of miners and crypto fanatics (work in a PC parts store) and not one of them has ever even considered making purchases with their crypto. Why would they? The longer they hold on to it, the more valuable it will be. At least, until the bubble pops. But ask any of them, they'll swear there's no bubble... Even though crypto, if it's not a currency, is literally fucking useless. anyone with a brain treats crypto as speculative stock. It's basically gambling and that's fine if that's your thing. I always roll my eyes to the back of my brain when people try to say they're in it for the technology and not as an attempt to try to get rich quick. --- http://i.imgur.com/Tx1FX.jpg <cite>Link HT posted [p:897723615] in How is cry... [t:76411358]...</cite> <quote><cite>Minute posted...</cite> <quote><cite>Damn_Underscore posted...</cite> <quote>It's basically a cash alternative</quote> That's where you're wrong, kiddo. Crypto is basically a stock right now, I know a lot of miners and crypto fanatics (work in a PC parts store) and not one of them has ever even considered making purchases with their crypto. Why would they? The longer they hold on to it, the more valuable it will be. At least, until the bubble pops. But ask any of them, they'll swear there's no bubble... Even though crypto, if it's not a currency, is literally fucking useless.</quote> anyone with a brain treats crypto as speculative stock. It's basically gambling and that's fine if that's your thing. I always roll my eyes to the back of my brain when people try to say they're in it for the technology and not as an attempt to try to get rich quick.</quote> ... Copied to Clipboard!
E32005 03/13/18 1:34:12 PM #26:	Link HT posted... spudger posted... whitelytning posted... Someone just watched this week's John Oliver show. Poor eos literally vapourware worth over a billion their subreddit was triggered yesterday --- http://i.imgur.com/LAvnefi.gif http://i.imgur.com/6kW9fXL.gif <cite>E32005 posted [p:897723746] in How is cry... [t:76411358]...</cite> <quote><cite>Link HT posted...</cite> <quote><cite>spudger posted...</cite> <quote><cite>whitelytning posted...</cite> <quote>Someone just watched this week's John Oliver show.</quote> Poor eos</quote> literally vapourware worth over a billion</quote> their subreddit was triggered yesterday</quote> ... Copied to Clipboard!
DoctorVader 03/13/18 1:34:37 PM #27:	voldothegr8 posted... TheMarthKoopa posted... voldothegr8 posted... Do you get free electricity? You generate more money than what you paid to do it what is revenue and profit Sure. If you spend thousands on GPUs, run new circuits to handle it which spikes your electric bill, you might eventually make profit. I wouldn't call such a thing efficient though. It's still profitable depending on the coin and most people had the GPUs already. You know, for gaming. Why do people who have no idea what they're talking about insist on making stuff up? --- It all just disappears, doesn't it? Everything you are, gone in a moment, like breath on a mirror. - The Doctor <cite>DoctorVader posted [p:897723770] in How is cry... [t:76411358]...</cite> <quote><cite>voldothegr8 posted...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>Do you get free electricity?</quote> You generate more money than what you paid to do it what is revenue and profit</quote> Sure. If you spend thousands on GPUs, run new circuits to handle it which spikes your electric bill, you might eventually make profit. I wouldn't call such a thing efficient though.</quote> It's still profitable depending on the coin and most people had the GPUs already. You know, for gaming. Why do people who have no idea what they're talking about insist on making stuff up?</quote> ... Copied to Clipboard!
DoctorVader 03/13/18 1:34:39 PM #28:	Link HT posted... DoctorVader posted... Link HT posted... TheMarthKoopa posted... voldothegr8 posted... The only thing it's useful for is creating ponzi schemes. Why do people forget that mining is a thing Generating free money is a pretty useful thing it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage. Yeah, this is bullshit. lol Mining has a fixed cost and coins don't have fixed value. It's not hard to imagine a time when a coin is worth less than it cost to generate it. How is it bullshit if it's happened before with coins that crashed? There ARE people out there holding worthless coins that cost money to make, you just don't hear about them because this whole thing is ponzi scheme garbage filled with survivorship bias. Because the cost to generate them is still far below the price. There's hardly any coins that reached levels below profitability. You're acting like it costs $5 to make a coin and now the price is $4 and you're losing out. It's more like it's $.10 to generate and now the price has gone from $5 to $2. --- It all just disappears, doesn't it? Everything you are, gone in a moment, like breath on a mirror. - The Doctor <cite>DoctorVader posted [p:897723776] in How is cry... [t:76411358]...</cite> <quote><cite>Link HT posted...</cite> <quote><cite>DoctorVader posted...</cite> <quote><cite>Link HT posted...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>The only thing it's useful for is creating ponzi schemes.</quote> Why do people forget that mining is a thing Generating free money is a pretty useful thing</quote> it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage.</quote> Yeah, this is bullshit.</quote> lol Mining has a fixed cost and coins don't have fixed value. It's not hard to imagine a time when a coin is worth less than it cost to generate it. How is it bullshit if it's happened before with coins that crashed? There ARE people out there holding worthless coins that cost money to make, you just don't hear about them because this whole thing is ponzi scheme garbage filled with survivorship bias.</quote> Because the cost to generate them is still far below the price. There's hardly any coins that reached levels below profitability. You're acting like it costs $5 to make a coin and now the price is $4 and you're losing out. It's more like it's $.10 to generate and now the price has gone from $5 to $2.</quote> ... Copied to Clipboard!
I Like Toast 03/13/18 1:36:24 PM #29:	It's useful if you want to buy things you don't want traced back to your credit card. Like porn or less legal things like drugs. Which is is why actual crypto is limited to those shady networks. Right now crypto is about a ponzi scheme to generate money from. There might eventually be a place for block chain, but as it stands it's cost prohibitive. --- If you do things right, people won't be sure you've done anything at all <cite>I Like Toast posted [p:897723889] in How is cry... [t:76411358]...</cite> <quote>It's useful if you want to buy things you don't want traced back to your credit card. Like porn or less legal things like drugs. Which is is why actual crypto is limited to those shady networks. Right now crypto is about a ponzi scheme to generate money from. There might eventually be a place for block chain, but as it stands it's cost prohibitive.</quote> ... Copied to Clipboard!
Link HT 03/13/18 1:39:34 PM #30:	DoctorVader posted... Because the cost to generate them is still far below the price. There's hardly any coins that reached levels below profitability. You're acting like it costs $5 to make a coin and now the price is $4 and you're losing out. It's more like it's $.10 to generate and now the price has gone from $5 to $2. Like I said, it depends on what the coin is worth because THAT value will fluctuate wildly whereas the cost to generate it won't. If the value of a coin starts to decrease there will be a time when it dips below the cost to mine. Also your numbers are wildly off, what a dream it would be to generate coins and sell them for 50 times the cost to make them. --- http://i.imgur.com/Tx1FX.jpg <cite>Link HT posted [p:897724060] in How is cry... [t:76411358]...</cite> <quote><cite>DoctorVader posted...</cite> <quote>Because the cost to generate them is still far below the price. There's hardly any coins that reached levels below profitability. You're acting like it costs $5 to make a coin and now the price is $4 and you're losing out. It's more like it's $.10 to generate and now the price has gone from $5 to $2.</quote> Like I said, it depends on what the coin is worth because THAT value will fluctuate wildly whereas the cost to generate it won't. If the value of a coin starts to decrease there will be a time when it dips below the cost to mine. Also your numbers are wildly off, what a dream it would be to generate coins and sell them for 50 times the cost to make them.</quote> ... Copied to Clipboard!
E32005 03/13/18 1:41:00 PM #31:	DoctorVader posted... voldothegr8 posted... TheMarthKoopa posted... voldothegr8 posted... Do you get free electricity? You generate more money than what you paid to do it what is revenue and profit Sure. If you spend thousands on GPUs, run new circuits to handle it which spikes your electric bill, you might eventually make profit. I wouldn't call such a thing efficient though. It's still profitable depending on the coin and most people had the GPUs already. You know, for gaming. Why do people who have no idea what they're talking about insist on making stuff up? this. i mine vertcoin to a profit very easily. --- http://i.imgur.com/LAvnefi.gif http://i.imgur.com/6kW9fXL.gif <cite>E32005 posted [p:897724155] in How is cry... [t:76411358]...</cite> <quote><cite>DoctorVader posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>Do you get free electricity?</quote> You generate more money than what you paid to do it what is revenue and profit</quote> Sure. If you spend thousands on GPUs, run new circuits to handle it which spikes your electric bill, you might eventually make profit. I wouldn't call such a thing efficient though.</quote> It's still profitable depending on the coin and most people had the GPUs already. You know, for gaming. Why do people who have no idea what they're talking about insist on making stuff up?</quote> this. i mine vertcoin to a profit very easily.</quote> ... Copied to Clipboard!
voldothegr8 03/13/18 1:41:29 PM #32:	DoctorVader posted... voldothegr8 posted... TheMarthKoopa posted... voldothegr8 posted... Do you get free electricity? You generate more money than what you paid to do it what is revenue and profit Sure. If you spend thousands on GPUs, run new circuits to handle it which spikes your electric bill, you might eventually make profit. I wouldn't call such a thing efficient though. It's still profitable depending on the coin and most people had the GPUs already. You know, for gaming. Why do people who have no idea what they're talking about insist on making stuff up? LOL making stuff up. The one or two GPUs people have for gaming typically won't generate more coin then what they spend on the electric to mine them. --- Oda break tracker 2018- 2 (1) \| THE Ohio State: 11-2 \| Oakland Raiders: 6-10 Super Mario Maker Profile: 1237-0000-0073-02FE <cite>voldothegr8 posted [p:897724182] in How is cry... [t:76411358]...</cite> <quote><cite>DoctorVader posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>Do you get free electricity?</quote> You generate more money than what you paid to do it what is revenue and profit</quote> Sure. If you spend thousands on GPUs, run new circuits to handle it which spikes your electric bill, you might eventually make profit. I wouldn't call such a thing efficient though.</quote> It's still profitable depending on the coin and most people had the GPUs already. You know, for gaming. Why do people who have no idea what they're talking about insist on making stuff up?</quote> LOL making stuff up. The one or two GPUs people have for gaming typically won't generate more coin then what they spend on the electric to mine them.</quote> ... Copied to Clipboard!
E32005 03/13/18 1:46:47 PM #33:	voldothegr8 posted... DoctorVader posted... voldothegr8 posted... TheMarthKoopa posted... voldothegr8 posted... Do you get free electricity? You generate more money than what you paid to do it what is revenue and profit Sure. If you spend thousands on GPUs, run new circuits to handle it which spikes your electric bill, you might eventually make profit. I wouldn't call such a thing efficient though. It's still profitable depending on the coin and most people had the GPUs already. You know, for gaming. Why do people who have no idea what they're talking about insist on making stuff up? LOL making stuff up. The one or two GPUs people have for gaming typically won't generate more coin then what they spend on the electric to mine them. costs me an extra $20 per month on my bill and i mine about $70-$80 per month at the current shitty price of vert. its still profitable. again, depends on the coin. --- http://i.imgur.com/LAvnefi.gif http://i.imgur.com/6kW9fXL.gif <cite>E32005 posted [p:897724507] in How is cry... [t:76411358]...</cite> <quote><cite>voldothegr8 posted...</cite> <quote><cite>DoctorVader posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>Do you get free electricity?</quote> You generate more money than what you paid to do it what is revenue and profit</quote> Sure. If you spend thousands on GPUs, run new circuits to handle it which spikes your electric bill, you might eventually make profit. I wouldn't call such a thing efficient though.</quote> It's still profitable depending on the coin and most people had the GPUs already. You know, for gaming. Why do people who have no idea what they're talking about insist on making stuff up?</quote> LOL making stuff up. The one or two GPUs people have for gaming typically won't generate more coin then what they spend on the electric to mine them.</quote> costs me an extra $20 per month on my bill and i mine about $70-$80 per month at the current shitty price of vert. its still profitable. again, depends on the coin.</quote> ... Copied to Clipboard!
Milkman5 03/13/18 1:46:55 PM #34:	you guys are really ignorant if you think mine farm arent profitable <cite>Milkman5 posted [p:897724519] in How is cry... [t:76411358]...</cite> <quote>you guys are really ignorant if you think mine farm arent profitable</quote> ... Copied to Clipboard!
DoctorVader 03/13/18 1:48:40 PM #35:	Link HT posted... DoctorVader posted... Because the cost to generate them is still far below the price. There's hardly any coins that reached levels below profitability. You're acting like it costs $5 to make a coin and now the price is $4 and you're losing out. It's more like it's $.10 to generate and now the price has gone from $5 to $2. Like I said, it depends on what the coin is worth because THAT value will fluctuate wildly whereas the cost to generate it won't. If the value of a coin starts to decrease there will be a time when it dips below the cost to mine. Also your numbers are wildly off, what a dream it would be to generate coins and sell them for 50 times the cost to make them. And like I said, nothing has reached those levels because they're still far above the cost. There's profibility calculators out there you know. People are not idiots. Unless you're purposely mining shit, your boogeyman scenarios just don't realistically happen. voldothegr8 posted... LOL making stuff up. The one or two GPUs people have for gaming typically won't generate more coin then what they spend on the electric to mine them. Yes, because they will. Hence making shit up. --- It all just disappears, doesn't it? Everything you are, gone in a moment, like breath on a mirror. - The Doctor <cite>DoctorVader posted [p:897724617] in How is cry... [t:76411358]...</cite> <quote><cite>Link HT posted...</cite> <quote><cite>DoctorVader posted...</cite> <quote>Because the cost to generate them is still far below the price. There's hardly any coins that reached levels below profitability. You're acting like it costs $5 to make a coin and now the price is $4 and you're losing out. It's more like it's $.10 to generate and now the price has gone from $5 to $2.</quote> Like I said, it depends on what the coin is worth because THAT value will fluctuate wildly whereas the cost to generate it won't. If the value of a coin starts to decrease there will be a time when it dips below the cost to mine. Also your numbers are wildly off, what a dream it would be to generate coins and sell them for 50 times the cost to make them.</quote> And like I said, nothing has reached those levels because they're still far above the cost. There's profibility calculators out there you know. People are not idiots. Unless you're purposely mining shit, your boogeyman scenarios just don't realistically happen. <cite>voldothegr8 posted...</cite> <quote>LOL making stuff up. The one or two GPUs people have for gaming typically won't generate more coin then what they spend on the electric to mine them.</quote> Yes, because they will. Hence making shit up.</quote> ... Copied to Clipboard!
TheMarthKoopa 03/13/18 1:49:17 PM #36:	E32005 posted... costs me an extra $20 per month on my bill and i mine about $70-$80 per month at the current shitty price of vert. its still profitable. Why not Equihash coins? I mine those exchanged into VTC to hold and get about 30% more coins <cite>TheMarthKoopa posted [p:897724654] in How is cry... [t:76411358]...</cite> <quote><cite>E32005 posted...</cite> <quote>costs me an extra $20 per month on my bill and i mine about $70-$80 per month at the current shitty price of vert. its still profitable.</quote> Why not Equihash coins? I mine those exchanged into VTC to hold and get about 30% more coins</quote> ... Copied to Clipboard!
E32005 03/13/18 1:51:57 PM #37:	TheMarthKoopa posted... E32005 posted... costs me an extra $20 per month on my bill and i mine about $70-$80 per month at the current shitty price of vert. its still profitable. Why not Equihash coins? I mine those exchanged into VTC to hold and get about 30% more coins is that one of those shared mining groups? i heard about one getting hacked so im leery. ill check it out if it works. --- http://i.imgur.com/LAvnefi.gif http://i.imgur.com/6kW9fXL.gif <cite>E32005 posted [p:897724800] in How is cry... [t:76411358]...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>E32005 posted...</cite> <quote>costs me an extra $20 per month on my bill and i mine about $70-$80 per month at the current shitty price of vert. its still profitable.</quote> Why not Equihash coins? I mine those exchanged into VTC to hold and get about 30% more coins</quote> is that one of those shared mining groups? i heard about one getting hacked so im leery. ill check it out if it works.</quote> ... Copied to Clipboard!
TheMarthKoopa 03/13/18 1:54:16 PM #38:	E32005 posted... is that one of those shared mining groups? i heard about one getting hacked so im leery. ill check it out if it works. I've not heard anything bad about miningpoolhub, and you don't have to hold your coins with them for long so at worst you'll lose half a day of coins if they did get hacked <cite>TheMarthKoopa posted [p:897724930] in How is cry... [t:76411358]...</cite> <quote><cite>E32005 posted...</cite> <quote>is that one of those shared mining groups? i heard about one getting hacked so im leery. ill check it out if it works.</quote> I've not heard anything bad about miningpoolhub, and you don't have to hold your coins with them for long so at worst you'll lose half a day of coins if they did get hacked</quote> ... Copied to Clipboard!
AllStar_09 03/13/18 1:59:50 PM #39:	Look up VeChain or even nCash tbh --- I told my step-father that "I'd rather be homeless than live with you". He laughed, and then promptly beat my ass. - OblivionEssence <cite>AllStar_09 posted [p:897725224] in How is cry... [t:76411358]...</cite> <quote>Look up VeChain or even nCash tbh</quote> ... Copied to Clipboard!
Colorahdo 03/13/18 2:00:45 PM #40:	It's not a cash alternative, it's a digital money alternative. And most money is digital, it's just managed by useless banks who take some of it --- But those enemies of mine who did not want me to be king over them - bring them here and kill them in front of me ~Jesus Christ <cite>Colorahdo posted [p:897725269] in How is cry... [t:76411358]...</cite> <quote>It's not a cash alternative, it's a digital money alternative. And most money is digital, it's just managed by useless banks who take some of it</quote> ... Copied to Clipboard!
I Like Toast 03/13/18 2:02:30 PM #41:	Colorahdo posted... It's not a cash alternative, it's a digital money alternative. And most money is digital, it's just managed by useless banks who take some of it The amount they take is significantly less than the amount crypto takes. --- If you do things right, people won't be sure you've done anything at all <cite>I Like Toast posted [p:897725359] in How is cry... [t:76411358]...</cite> <quote><cite>Colorahdo posted...</cite> <quote>It's not a cash alternative, it's a digital money alternative. And most money is digital, it's just managed by useless banks who take some of it</quote> The amount they take is significantly less than the amount crypto takes.</quote> ... Copied to Clipboard!
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Current Events > How is cryptocurrency useful