Why do you need Moneygram to buy BTC, especially if you're using a debit card? Just buy it at Coinbase or Circle: https://www.coinbase.com/https://www.circle.com/enFees very minimal to Virwox, and definitely nowhere close to 20%. Also, cheaper than buying from LocalBitcoins. |
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Unless you have dirt cheap or free electricity, free hosting facility, and free cooling costs, the odds are pretty much stacked against you on ROI or break even, let alone profit.
Not only would you need minimal maintenance and overhead costs, you'd need cheap efficient miners, that you can get through a partnership with an ASIC manufacturer, or a sweetheart bulk purchase deal.
Also, you'd need to account for pool luck, variance, zero pool fees, and difficulty to stay plateaued or going down to maintain payouts.
Lastly, you'd need the price of BTC to go up, to cover the electrical costs, since most electric companies don't accept Bitcoin payments, which no doubt would cut largely into any profit margin, mainly due to the relatively low $218 price.
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"Trolls" posting threads about "Trolls". Now I've seen it all here in Bitcointalk. This forum never fails to entertain!  |
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Would you agree or not? Bitcoin Only Needs Two YearsHmmmm... I respect the guy yeah.. But I do not know where his information came from. 2 years might be a little bold.. Maybe give it 3-5 years. I am still having doubt about that. What do you think? Give 2 years for what ? -To grow up -To mature -To be a stable store of value -To be ubiquitous with e-money or e-cash -To be in the public eye -To be used in almost every store, restaurant, site, sector, and industry -To be used by the rich and wealthy, as well as the common man alike |
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Another link to another website, but citing the same story: http://insidebitcoins.com/news/andreas-antonopoulos-give-bitcoin-two-years/29708Hey, if the man says "Jump" you jump! If he says just wait 2 years, you wait!  The guy knows what he's talking about, and always breaks it down so everyone in the room can understand. Hard to argue with this quote: “Give us two years. Now what happens when you throw 500 companies and 10,000 developers at the problem?” |
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Pft, with how many times China has "banned" Bitcoin, I'll see it when I believe it!
Also, need a more official source than Cryptocurrency News for confirmation. Like a Bloomberg or CNBC before I start buying up more coin.
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If you have a 9 to 5, don't quit it, just convert your regular pay checks to Bitcoins: https://www.bitwage.co/Fastest way to accumulate Bitcoin and use them. Convert petty cash for whatever you can't pay in BTC, and baghold the rest. |
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Can somebody confirm?! BTC price just dropped 100% on that exchange!
I don't see it.  You mean dropped 6%, not 100% correct? Unless you're just trying to spread FUD... |
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Will I make a profit on this? I am starting to give it serious consideration, but as far as I am concerned the whole shit is a scam and you always end up going negative profit when you buy hardware as new stuff is always around the corner. What will $5k give me today TH/s wise?
I think you answered your own question: "the whole shit is a scam and you always end up going negative profit when you buy hardware: If I had $5k to blow I would just buy BTC with it. But I don't have a lot of extra space for mining and the price of electricity is quite high. If you buy BTC with your money you have a chance at making money OR losing money. If you buy mining equipment AND you have access to cheap electric you MIGHT make some money, on the flip side, you could lose money.... It's really up to you....  My electricity cost is very cheap, I have 1 regular computer running 24/7 and one laptop running 24/7. On top of that I have 5x ASIC 333 mh/s memories mining constantly, and they are in a USB-hub, I rarely turn off the lights but my electricity bill lands around $40 a month so that wont be a problem. The difference in power cost in running a USB miner and a Bitmain S4/S5 or Spondoolies Tech SP20/SP35 is substantial. You'd need to know your electrical rate k/WH. If it's $0.06 k/WH or lower, then I'd consider mining. If it's $0.10 k/WH or higher, I'd say forget about it. Not only do you have to factor in this cost, you'll have to find out if your house or hosting center electrical circuit can handle the power requirements and total circuit load. The SP35 requires a 208V power outlet. If you pass these requirements, then probably no better deal than this mini farm: http://www.spondoolies-tech.com/products/holiday-special-sp20-mini-farm-batch-2You are right, my apartment wont have enough power anyway to run that expensive EQ. How about $1k or so? Could that be worth it or should I just say fuck it I'll get cloud mining instead? What would you experienced people who has payed and sold EQ earlier done? Honestly, none of the above really. No hardware or cloud mining will be worth it for you at this point in time. Currently, 1 TH/s of hash power earns just over 0.01 BTC a day or $2. Think about it. There's truly no way to recoup whatever investment you were planning to put money into. If you're counting on BTC to spike in price, perhaps, but then it would easier to just buy BTC ten fold. |
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It's been a make or break year for 6 years already since 2009. As far as I'm concerned this math/programming experiment is still in early Beta. We's stills in the Infrastructure building stage, gentlemens.  |
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It means the COIN ETF and Gemini is right around the corner...  Strap in gents...could be a bumpy, but fruitful ride! |
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OgNasty, no one better. Period.
Atleast for you! You can't say he is the best one though he is highly trusted. Anybody in the BIG 5 is trusted as OgNasty. P.S. No offence. -MZ That is just Marcotheminer's personal escrow list, not set by any standard or statistical formula. If you've been actually using services here in Bitcointalk involving escrow, you'd see no one matches OgNasty's volume. |
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Anyone can explain how to use escrow service?
Escrow is a middle man, liason, go between, or transaction agent. Hold funds for both buyer and seller to ensure trustful transaction, granted the escrow is trusted himself. If you plan to escrow in Bitcoin related goods or services here in Bitcointalk, here's the best one: https://bitcointalk.org/index.php?topic=303281.0OgNasty, no one better. Period. |
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EDIT: Bonus points if you tell him where he can stick his opinion.
A warm, dark, moisty place where the sun never shines? Will this do?  Dual purpose, great for a Valentine's Day gift too! |
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I want my local super market to accept Bitcoin. That would be my first choise. Food, beer and other daily needs. After that also paying for gas for my car would be nice. But I'm waiting, and hoping it will be here once  Do you have a Whole Foods nearby? Then you can already!!! http://www.gyft.com/bitcoin/ |
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No i cant buy these things directly with btc here at my place, But i usually exchange my btc with cash which is an easy method then i can buy any thing that i want with that cash.  As long as you don't live in US or India, you can use BTC anywhere without converting to fiat: https://in.xapo.com/campaign/debit/I wish I could get a Xapo Debit card, but unfortunately I'm based in the US. |
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Want btc on ebay and amazon
You can buy BTC on Amazon today already using Purse: https://purse.io/You'll get a better version of eBay without the fees and centralization very soon: https://openbazaar.org/It's all just a matter of time to let Bitcoin grow and mature. We're in the infrastructure building stage. |
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It's ok to leave Bitcoin. It'd be quite maniacal and borderline obsessive to check the price, chart, news, your wallet balance constantly. What's not ok though, is leaving and never coming back.  Who doesn't leave gold bars in the safe, their diamonds locked up in a chest, their bank account or Paypal balanced unchecked for a couple days, weeks, months... Leaving is perfectly okay...as long as you have your wallet backed up when you ultimately return.  |
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Did I hear my name mentioned...   Time to get Loose or I might Loose my mind! Just messing, I thought this was the Off topic thread.  That said it's hard to lose interest, when it's actually in the news nowadays. Silk Road's Ulbricht just got the book of life thrown at him and NY just released the latest revision for the Bitlicense regulatory framework for virtual currencies. Bitcoin is still marinating folks, year 6 people, they'll be plenty of time for lots of interest once it goes viral. |
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