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Author Topic: 'Mine bitcoin in real life'  (Read 464 times)
Endikadija
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June 16, 2016, 07:48:02 PM
 #1

How much ours a day would you spend if bitcoin would be stored in the ground and you have to mine the ground to find it?




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franky1
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June 16, 2016, 09:17:41 PM
 #2

well there is a hard drive that was dumped in a UK waste landfill...

it may become a point where the value of those might be worth buying the land and excavating all the waste

the hard drive holds 7,500 bitcoins. so only time can tell if its worth the cost to "mine" it with excavators and sweat

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
eternalgloom
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June 16, 2016, 09:23:07 PM
 #3

well there is a hard drive that was dumped in a UK waste landfill...

it may become a point where the value of those might be worth buying the land and excavating all the waste

the hard drive holds 7,500 bitcoins. so only time can tell if its worth the cost to "mine" it with excavators and sweat
Wasn't that pretty long ago? I think the harddrive would not be readable anymore and you'd have to factor in the cost of getting that data back.
I'm also guessing that if you'd have to wait for a couple of years to find it and dig it up, the data could very well be irretrievable.


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mkc
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June 16, 2016, 09:28:59 PM
 #4

You can buy some old computer or hard drive, people tend to leave .001 coin behind, or if you are lucky, you may find some wallet with more coins if that is unencrypted.
Ravi Helios
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June 16, 2016, 09:32:49 PM
 #5

well there is a hard drive that was dumped in a UK waste landfill...

it may become a point where the value of those might be worth buying the land and excavating all the waste

the hard drive holds 7,500 bitcoins. so only time can tell if its worth the cost to "mine" it with excavators and sweat

The was an awful incident, I feel for the guy!

Now, theoretically if bitcoins could be mined out of the earth, I'd likely be out mining every day  Cheesy

franky1
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June 16, 2016, 09:50:43 PM
 #6

there was also a time ages ago where people put private keys into "geocaches" (modern day orienteering/treasure hunt game)

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
StoreBit
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June 16, 2016, 10:58:15 PM
 #7

such a difficult question. i think depending on my physical fitness and stimna. i am basically a farmer and i am keeping about 4 jerb land. i think i can do work for such a long time as compare to other people.
Yakamoto
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June 16, 2016, 11:08:19 PM
 #8

If there were Bitcoin deposits, the only way I would actually put effort into mining them would be if the land wasn't owned by people and I was free to mine the Bitcoin and extract it as a resource, and if I didn't have to put in $50,000 just to locate a deposit. Even if it was a moderate challenge to extract it as opposed to just locate it, then I would be more interested. But having to put massive amounts of money in just to find a deposit wouldn't be worth it.
tobacco123
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June 17, 2016, 01:45:27 AM
 #9

You can buy some old computer or hard drive, people tend to leave .001 coin behind, or if you are lucky, you may find some wallet with more coins if that is unencrypted.

If you find any, you will be very lucky. Most likely the seller would have scanned the HDD before selling it to you. Even if the seller does not know about bitcoin, the common practice is the format the HDD before selling it to others.

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