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Question: Which of these categories describe you the closest?
I am a Miner, and I hold on to most of the Mined coins - 12 (19.4%)
I am Miner, and sell most of my coins into "old" currencies - 10 (16.1%)
I am a speculator, and game the market - 9 (14.5%)
I am a seller of services/goods, and gain Bitcoins from those - 7 (11.3%)
I am a casual Miner, and do not intend to do anything else in the imminent future - 10 (16.1%)
I have no coins, but am intrigued by the idea - 7 (11.3%)
I do not have any Bitcoins, and am on this forum to annoy people - 7 (11.3%)
Total Voters: 62

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Author Topic: How do you generate your Bitcoins?  (Read 1851 times)
emugoo (OP)
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June 12, 2011, 04:11:10 PM
 #1

Obviously most people fall into several categories, so what do you generate the most coins with?
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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gmk80
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June 12, 2011, 04:52:09 PM
 #2

You seem to be missing a category for "I convert other currency into bitcoins through an exchange".
elfreak
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June 12, 2011, 05:09:18 PM
 #3

I both mine and speculate. But since my card isn't the best (ATI Radeon HD 5750) I want to focus more on the speculating from now on.
emugoo (OP)
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June 12, 2011, 05:13:59 PM
 #4

You seem to be missing a category for "I convert other currency into bitcoins through an exchange".

I'd say that equals 100% to 'playing the market', no?
im3w1l
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June 12, 2011, 06:48:03 PM
 #5

I can own the market with my screen turned off
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June 12, 2011, 06:50:00 PM
 #6

Currently it's mining with my 4870-equipped Desktop and Alienware M17x R3 with a 6970M graphics card. I'm planning on making a trading bot to invest some of these mined coins, but I'm holding on to them for now.
rmolby
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September 06, 2012, 04:30:34 AM
 #7

on our locked down machines at work I use BitCoinPlus... works great

on my laptop I use guiminer
illWill
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September 06, 2012, 04:34:25 AM
 #8

Speculation is the way to go... I chill on the beach and watch my money grow EVERY single day  Cool

BTC 1LX1whdHhGHdchyQVKgWsRnVRYsrBEjept
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September 06, 2012, 05:35:05 AM
 #9

Quote
I am Miner, and sell most of my coins into "other" currencies
FTFY
betatest512
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September 06, 2012, 10:52:23 AM
 #10

Mining
Chang Hum
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September 06, 2012, 10:58:42 AM
 #11

Steeling tax returns and blackmailing high profile political figures  Cheesy
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September 06, 2012, 11:33:55 AM
 #12

You seem to be missing a category for "I convert other currency into bitcoins through an exchange".

I'd say that equals 100% to 'playing the market', no?

No, playing the market implies trying to make money on the price fluctuations by buying and selling.  That is very different from buying a stash of BTC for later use (although I admit that if you do it hoping that the price goes up in the long run, you *are* playing the market - as opposed to if you plan on *spending* you BTC).
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September 06, 2012, 11:38:02 AM
 #13

No, playing the market implies trying to make money on the price fluctuations by buying and selling.  That is very different from buying a stash of BTC for later use (although I admit that if you do it hoping that the price goes up in the long run, you *are* playing the market - as opposed to if you plan on *spending* you BTC).
I think so, too. Just started by converting a bit of money into BTC and plan on investing it on one of the exchanges, through which I hope I will participate in a successful mining operation.
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September 06, 2012, 05:31:20 PM
 #14

I'm buying and stacking them. I also use them with I find it useful

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September 06, 2012, 07:37:12 PM
 #15

I am investing in Pyramining.  See signature for details.  I let my coins generate coins for me!!

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QuantumKiwi
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September 06, 2012, 11:35:33 PM
 #16

I sell cloud hosting, does well Smiley

Starting your own website?
CLOUD Hosting from $4.95/0.05BTC!
hairlesswook
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September 06, 2012, 11:58:56 PM
 #17

Miner i sit at my desk with a pickaxe and a miner hat and watch the bitcoin's roll in and if my wife's cat looks like its going to take a nap on my gpu's i give the cat to the neighbors kids and let them play dress up with it
memvola
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September 07, 2012, 12:04:43 AM
 #18

Where is the "I spend what I mine" option?
Babaji
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September 07, 2012, 02:55:22 AM
 #19

I'm casually mining with 2 NVIDIA GeForce GTX 480's and 1 GTS 450 at 280 Mhash/s.  I'm currently getting 95% revenue plus Namecoins... if anyone has a better recommendation than btcguild.com, then please do share!
dirtycat
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September 07, 2012, 03:04:50 AM
 #20

I was looking for the "I run a ponzi or a ponzi pass thru" option.  Grin

poop!
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