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Title: BitCoin mining, a way to avoid exchanges. Post by: toomsie on December 31, 2013, 02:17:11 PM It occored me that a good way to acquire bitcoins anonomously is to mine them( convert electricity into bitcoins)
This could be good way for people who live in fascist countries who make bitcoins buying difficult. This could be good even if bitcoins created is less then the cost of electricity in some cases. Title: Re: BitCoin mining, a way to avoid exchanges. Post by: cr1776 on December 31, 2013, 02:53:05 PM Shhhh, don't tell the fascists and authoritarians. :-)
Title: Re: BitCoin mining, a way to avoid exchanges. Post by: mtnminer on December 31, 2013, 04:39:40 PM Wow, you just figured this out! Your doing great?
Mtnminer Title: Re: BitCoin mining, a way to avoid exchanges. Post by: toomsie on December 31, 2013, 09:38:35 PM Wow, you just figured this out! Your doing great? Mtnminer Hay!! I got other things to do in my life. Title: Re: BitCoin mining, a way to avoid exchanges. Post by: mtnminer on December 31, 2013, 11:58:09 PM oh, another early bitcoin adopter. Good to have you join the team.
Happy New Year Mtnminer Title: Re: BitCoin mining, a way to avoid exchanges. Post by: Elwar on January 01, 2014, 07:10:10 AM I finally ordered my first ASIC miner.
I tried mining back in 2010 and couldn't get it working. A simple to use device I can plug in that does the mining with minimum effort allows me to finally count myself among the miners. I suspect that as these simple devices become more mass produced mining will become a lot more widespread. Title: Re: BitCoin mining, a way to avoid exchanges. Post by: Kyt Dotson on January 01, 2014, 09:49:37 AM Ah, well, yes. I suppose that's certainly a way to get BTC without having to buy them from other people.
Title: Re: BitCoin mining, a way to avoid exchanges. Post by: carolynwneal25 on January 01, 2014, 10:50:21 AM guees i need to start mining than exchange ;D
Title: Re: BitCoin mining, a way to avoid exchanges. Post by: emeraldforce on January 01, 2014, 01:12:01 PM Winning!
Title: Re: BitCoin mining, a way to avoid exchanges. Post by: luqash3 on January 01, 2014, 03:54:08 PM toomsie for sure bitcoins are full of extensive advantages due to which bitcoins are so popular these days. Yes for sure avoiding the exchanges is the advantage of bitcoin amongst many. Bitcoins are easy to use worldwide, store conveniently and earn high return
Title: Re: BitCoin mining, a way to avoid exchanges. Post by: SlipperySlope on January 01, 2014, 04:30:48 PM Perhaps the reason mining is mostly unprofitable is that persons without access to an exchange have no other choice and will be motivated to purchase expensive mining equipment regardless of an operating loss.
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