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Author Topic: What do you spend your hard earned bitcoins[btc] on?  (Read 1805 times)
yrtrnc
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September 16, 2012, 10:36:17 AM
 #1

So what do you spend your hard earned BTC on?

Or do you hoard them hoping the exchange rate will go up?
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MtGoxTraderBot
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September 16, 2012, 02:19:17 PM
 #2

Hoard or keep, depends on the day of the week.

MTGox Trading Bot In Beta, results posted from daily trades here. (https://bitcointalk.org/index.php?topic=110037.msg1200601)
Badonkadonk
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September 16, 2012, 03:31:41 PM
 #3

how about: save, buy asic`s, save more, buy more asic`s, rince and repeat till you can retire and live off bitcoin mining! Smiley

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September 16, 2012, 03:52:02 PM
 #4

Pre-ordering ASICs

BTC: 1AaMmDNAt9vvU7dRPKZy7rFuWqM9X4FjGX
Monkey1
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September 16, 2012, 05:17:51 PM
 #5

Or investing!!

                  ▄▄▄▄▄▀▀▀▀▄▄▄
              ▄▄█∞══$&P▀▀▀▀▀▀▀▀█▀▀▀▄▄▄
           ▄██⌐^"'               "═▄═,▀▀▄
       ▄▀▄█▀                        `ⁿ▀▄\▀▄
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    █▀▄█                                   ██▄
   █▄▀╛       ▄███▄  ███████▀ ██  ▐█▌       ▄█▄
  ▐▌,▀       ██▌ ▐██    ██    ██  ██         █▌█
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  ▀▓ ⌐       ██▄ ▐██    ██    ██  ██▌       ╓`▀▌
   ╙█▀        ▀███▀     ██    ██   ██      ƒ▄▀█
     ██▄                                  █▀ █
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       ╙▄▀▄▀π,                       ,▄█▀▀▀
         '═▌▄"▄"═             ,.∞═$██▀
             ▀▀▀▀▄▄▄▄▄▄▄▄▀▀▀▀▀▀▀▄▄▀▀
                    ▀▀▀▀▀▀▀▀▀▀▀▀▀
STACK









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September 16, 2012, 07:01:14 PM
 #6

VPN subscription - mullvad.net takes bitcoins (and has a zero logging policy)
Zack
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September 16, 2012, 07:18:55 PM
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VPN subscription - mullvad.net takes bitcoins (and has a zero logging policy)

I could only wish that Cyberghost takes Bitcoins Sad

BTC: 1AaMmDNAt9vvU7dRPKZy7rFuWqM9X4FjGX
bool101
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September 16, 2012, 07:29:38 PM
 #8

Satoshi Dice is good fun.... and ASICS Smiley
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September 16, 2012, 07:32:37 PM
 #9

I sell them them at bitcoin.de Smiley

Second: invest into mining Bonds at GLBSE.

Third: buying 4 issues of BTC Magazine.


Jovi
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September 16, 2012, 07:48:30 PM
 #10

I understand the basics of bitcoin, but wouldn't buying those ASICS be prohibitive to bitcoin production? If you buy an ASICS-based system, don't you drive up the difficulty of obtaining bitcoins for everyone else? And if more and more people buy ASICS-based machines, that would mean that you're basically where you started, except with $15,000 & $30,000 rigs instead of a rig that cost a few thousand, right?
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September 16, 2012, 07:53:18 PM
 #11

Eventually everyone will buy ASIC. So what matter is how much do you invest. You can't compare a few thousand rig with a 30.000$ one!
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September 16, 2012, 08:15:48 PM
 #12

You can work your way up to that 1000GH/s machine by buying the smaller rigs first. Once you reinvest and get 25 of them running you will be on par.

60 GH/s BFL Single SC - Pre-Order Yours Today!
`````` Only $1299.99 - butterflylabs.com ``````
yrtrnc
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September 16, 2012, 09:21:41 PM
 #13

Seems like Asics are the way to go. Only if they change the code then alot of people are buggered.. All that investment down the drain.

GPU miners will wish they never sold their rigs.

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September 16, 2012, 09:26:28 PM
 #14

Quote
Only if they change the code then alot of people are buggered
But the code won't change

0/10 trolling
yrtrnc
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September 16, 2012, 09:37:00 PM
 #15

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But the code won't change

0/10 trolling


Its near impossible is my guess, but there is a slight chance no?

Its unknown how the Asic's will effect the system right?
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September 16, 2012, 09:44:00 PM
 #16

ASIC's won't break the current system. It will drive difficulty up in all likelihood. Quantum computing on the other hand could do some damage to the current algorithms (or so I've read). We probably won't be seeing those until all BTC have been mined however.

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September 16, 2012, 09:48:35 PM
 #17

Quote
but there is a slight chance no?
No one want to change that right now, so code should not change.

Quote
Its unknown how the Asic's will effect the system right?
They will just increase difficulty. Nothing else.
theasian09
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September 17, 2012, 03:43:49 AM
 #18

I understand the basics of bitcoin, but wouldn't buying those ASICS be prohibitive to bitcoin production? If you buy an ASICS-based system, don't you drive up the difficulty of obtaining bitcoins for everyone else? And if more and more people buy ASICS-based machines, that would mean that you're basically where you started, except with $15,000 & $30,000 rigs instead of a rig that cost a few thousand, right?

Even if hardware went stagnant right now, difficulty would go up...ASICS just make it so that whoever owns them can continue to mine at a reasonable speed.
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September 17, 2012, 06:25:06 AM
 #19

I intend to use my Bitcoins like cash whenever I can also save some.
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September 17, 2012, 12:40:57 PM
 #20

newbie question: what is ASIC?, I presume from your posts it's a mining machine. Is it the same as the one that Butteryfly Labs is selling? Thank you
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