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dhimasnk
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April 24, 2015, 07:32:52 AM |
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When I started, I get bitcoin from faucet and tried to buy some Bitcoin to be invested. Now I get Bitcoin from trading and also from the signature campaign
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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sikaxchange
Newbie
 Offline
Activity: 14
Merit: 0
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April 24, 2015, 01:43:49 PM |
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this has been very helpful, the issue of when you start whether to Mine or Buy has been a problem but i have learnt something here now
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JayCoDon
Newbie
Offline
Activity: 56
Merit: 0
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April 24, 2015, 01:44:55 PM |
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I earned the bitcoin doing freelance writing. I haven't actually bought any, but I'm holding them for the long term.
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fox19891989
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April 24, 2015, 02:40:37 PM |
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I'd like to ask the users here about how you got started in bitcoins and how you acquire bitcoins.
So the two questions are:
1. When you started, did you MINE or did you BUY bitcons?
2. If you are a regular user of bitcoins currently, do you MINE or do you BUY bitcoins?
To start off the discussion, I can only answer question 1. I mined bitcoins when I started. Then I bought and sold bitcoins through an exchange.
I cannot answer question 2 because I'm no longer a regular user of bitcions.
1. buy, I started my bitcoin investment in March of 2013, at that time, mining rigs cost a lot of money, avalon mining rigs were ridiculous expensive in 2013. It cost over 3000 USD. BFL mining rigs were scam and didn't ship machines at all. 2. still buy, mining is too difficult, can't get the principal back, especially difficulty is extremely high and mining rigs are extremely expensive. I could mine a tiny amount of btc. In conclusion, I never mine btc, it is a tough job, I am an investor, that's why I buy btc instead of mining. |
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jacktheking
Legendary
Offline
Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
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April 24, 2015, 03:12:57 PM |
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1. When I started, I tried to mine but I can't. My low-end computer can't mine a block.
2. I earn Bitcoin from doing online tasks. One example of my task is.. writing this post (let's be open). I dont buy Bitcoin.
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So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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Don007
Legendary
Offline
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
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April 24, 2015, 06:52:29 PM |
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I have mined altcoins and selled into bitcoins, and I bought a small amount when I began in the world,and I must say I hold it without selling
Which altcoins did you mine? If you don't have specialized ASICs used for mining SHA256 coins it still makes more sense to mine an altcoin using your computer, that's true. Still, I'm not a very big fan of altcoins, they only distract from Bitcoin. They're good for trying out some new features, but that's about it. Like fryarminer I started mining with GPU. I never swapped to ASIC mining. I tried to, however, I got scammed (and lost a big part of my BTC) and the ASIC was never developed. The owner / developer is gone since. I mining multiple coins, especially DigitalCoin. I was quite Lucky mining some new coins like "AppleCoin", which made me a nice amount of BTC when it became suddently very popular in China. In the end of my mining life, I used some multipools. Nowadays I don't mine anymore. |
{Curently quite inactive as I'm really busy in my private life. I will get back soon!} -> Your line here during my inactivity? Feel free to PM <- |
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Omikifuse
Legendary
Offline
Activity: 1750
Merit: 1009
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April 24, 2015, 06:55:18 PM |
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1. When you started, did you MINE or did you BUY bitcons?
Buy
2. If you are a regular user of bitcoins currently, do you MINE or do you BUY bitcoins?
Buy.
Mining vs current price always was bad for my situation
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LFC_Bitcoin
Legendary
Offline
Activity: 3528
Merit: 9562
#1 VIP Crypto Casino
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April 24, 2015, 08:12:14 PM |
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Buy.
I only wish I knew about bitcoin & began to mine in the early days.
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Slaxt
Sr. Member
Offline
Activity: 476
Merit: 250
Gone......
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April 24, 2015, 09:15:39 PM |
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I have done both mine and buy i never got here as early as i would have liked but still happy with what i have gained so far.
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TC is the worse thing to happen to default, needs to open his eyes and not jump to conclusions, not everyone lies!!! Anyway as promised I have left, pass word changed to long random which I will forget like that plonker who ruined a perfectly fine account.
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Lorenzo
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April 25, 2015, 12:25:01 AM |
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I'd like to ask the users here about how you got started in bitcoins and how you acquire bitcoins.
So the two questions are:
1. When you started, did you MINE or did you BUY bitcons?
2. If you are a regular user of bitcoins currently, do you MINE or do you BUY bitcoins?
To start off the discussion, I can only answer question 1. I mined bitcoins when I started. Then I bought and sold bitcoins through an exchange.
I cannot answer question 2 because I'm no longer a regular user of bitcions.
You could also earn bitcoins by doing tasks for someone else or running a business. It doesn't necessarily have to be between those two choices. Gambling and investing are also other ways to get BTC but you need some BTC to start off with. As for me, I attempted to mine with my laptop back in 2011 but even back then, I only made about ~60,000 satoshis or so for two days worth of effort. It sounds like a pretty good figure today as far as mining on consumer hardware goes but remember that BTC was worth about 50 times less back then and ASICs weren't around. I lost interest in BTC from 2011 until 2013. Since then, I either bought via LocalBitcoins or earned from my signature campaign, although it's been a while since I bought any coins. Never really touched mining again unless you count USB miners which I bought for fun. 1. buy, I started my bitcoin investment in March of 2013, at that time, mining rigs cost a lot of money, avalon mining rigs were ridiculous expensive in 2013. It cost over 3000 USD. BFL mining rigs were scam and didn't ship machines at all.
Those first batch Avalons were also highly profitable. |
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ObscureBean
Legendary
Offline
Activity: 1148
Merit: 1000
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April 25, 2015, 09:06:32 AM |
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Unfortunately pc mining was already extinct when I joined the community in 2013, I bought my first Bitcoin with PayPal through Virwox.com. I used their service for quite a while. These days I'm still not a miner but I do use BTC to shop online wherever I can and I buy all my BTC from Circle. I really wish I'd bothered to read up on Bitcoin back in 2010, when I first heard about it  |
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Don007
Legendary
Offline
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
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April 25, 2015, 01:00:59 PM |
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Unfortunately pc mining was already extinct when I joined the community in 2013, I bought my first Bitcoin with PayPal through Virwox.com. I used their service for quite a while. These days I'm still not a miner but I do use BTC to shop online wherever I can and I buy all my BTC from Circle. I really wish I'd bothered to read up on Bitcoin back in 2010, when I first heard about it I think we all have got that feeling about 2010. I've heard about Bitcoin too at that time, but I was not interested because I didn't understand the fundamentals. I think it is my biggest mistake ever that I did not spend some hours reading about BTC at that time, as I would probably have bought some coins over then (and would have sold some around the ATH). |
{Curently quite inactive as I'm really busy in my private life. I will get back soon!} -> Your line here during my inactivity? Feel free to PM <- |
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xxxgoodgirls
Legendary
Offline
Activity: 1092
Merit: 1001
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April 25, 2015, 01:13:12 PM |
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I believe a profitable mining requires a way too big investment, that's why I rather buy it.
Correct me if I am wrong.
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Don007
Legendary
Offline
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
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April 25, 2015, 01:21:54 PM |
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I believe a profitable mining requires a way too big investment, that's why I rather buy it.
Correct me if I am wrong.
It does. Besides that, as the value of BTC decreased a lot, it's quite hard to ROI by buying huge mining equiptment. Maybe you're Lucky when you buy these devices in bulk (and in that case you have an huge investment indeed). Buying BTC directly is in my opinion the better choice. Maybe together with some short-term trading you can increase your amount of BTC (if you're lucky) or meet the decreasing value of the coin. Some mining can be profitable though. For example when you've got a nice Scrypt hashrate and you jump on a very new coin (which has just launched) in the hope it becomes succesfull one day / becomes worth something one day. |
{Curently quite inactive as I'm really busy in my private life. I will get back soon!} -> Your line here during my inactivity? Feel free to PM <- |
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BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
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April 25, 2015, 02:03:25 PM |
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Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it
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fryarminer
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April 25, 2015, 08:18:02 PM |
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Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it
If everyone mined and nobody bought, there would be no value in bitcoin. |
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LFC_Bitcoin
Legendary
Offline
Activity: 3528
Merit: 9562
#1 VIP Crypto Casino
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April 25, 2015, 08:23:04 PM |
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Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it
Mining is very expensive. Both the equipment & electricity bills. |
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PremiumCodeX
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April 25, 2015, 08:38:29 PM |
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I solo mined it at first. It was profitable in that times and soon we had a team based on BTC mining too. Besides mining I have seen the chance in trading as well so I started and soon became major trader within some communities. These days I focus on BTC related developments as investor and / or developer since my studies are related anyway. One fun fact is I still am together with the same friends we started BTC mining in the old times but now we are a developer team and focus on projects. That's how I've done my things. Now, although You still could make profit with smart mining related investments, I wouldn't suggest starting solo mining as it became very expensive. If you need BTC fast and simply, I recommend buying these days.
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minerpumpkin
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April 25, 2015, 08:50:29 PM |
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Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it
Why shouldn't people go and buy Bitcoins!? It really doesn't matter if you mined the Bitcoins yourself or whether you bought them. If you're mining in a pool, you don't even get the Bitcoins you've mined - you most likely haven't even found a block, you just made sure a certain range of hashes didn't contain a valid block-solving-hash. |
I should have gotten into Bitcoin back in 1992...
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imamanandyou
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April 25, 2015, 09:44:16 PM |
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Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it
Mining is very expensive. Both the equipment & electricity bills. Its also very difficult to profit. Its hard to get a single miner and break even. You need bulk quantities + cheap electricity to make a go of it nowadays! |
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