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natd (OP)
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December 08, 2013, 08:37:47 PM |
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Thanks, pjviitas. So the difficulty DOES have to be variable as done in bitcoin.
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In search of light in cryptocurrency.
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Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Thylacine
Member
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Activity: 115
Merit: 10
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December 09, 2013, 02:13:35 AM |
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I'm already mining alternative currency AUD, but it's very time intensive. I work 9-5 and get rewarded fortnightly. Difficulty has been pretty stable.
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natd (OP)
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December 09, 2013, 07:13:52 AM |
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I'm already mining alternative currency AUD, but it's very time intensive. I work 9-5 and get rewarded fortnightly. Difficulty has been pretty stable.
What's AUD? |
In search of light in cryptocurrency.
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Light
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December 09, 2013, 08:05:09 AM |
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I'm already mining alternative currency AUD, but it's very time intensive. I work 9-5 and get rewarded fortnightly. Difficulty has been pretty stable.
What's AUD? AUD - Australian Dollars He's just saying he works a job 9-5 so that he can "mine" some money. |
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natd (OP)
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December 09, 2013, 08:47:16 AM |
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I'm already mining alternative currency AUD, but it's very time intensive. I work 9-5 and get rewarded fortnightly. Difficulty has been pretty stable.
What's AUD? AUD - Australian Dollars He's just saying he works a job 9-5 so that he can "mine" some money. lol indeed  |
In search of light in cryptocurrency.
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sana8410
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April 23, 2014, 06:37:10 AM |
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I use the low usage preset in GUIMiner Scrypt. The high usage makes me uncomfortable with the way it makes my entire system hang for 2-3 seconds at a time.
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RENT MY SIG FOR A DAY
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sana8410
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April 23, 2014, 08:48:12 AM |
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I would quit mining and put throwaway_value dollars into it instead. There's no coin that will be comfortable for you, you'll have to either invest into some mining gear or just buy some coins directly :S that's how it is yo.
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RENT MY SIG FOR A DAY
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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April 23, 2014, 02:27:03 PM |
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Banks do it all the time when they buy Treasuries from the Federal Reserve that are destined to be converted to currency.
In my wonderland case, i'm talking about regular bitcoin miners. Imagine the Fed starts issuing dollars through mining, 0.01 USD per block. Would you be interested on mining? .01 USD per block or 25 BTC... Even at $5000 usd a block I'd mine BTC... I'm running 720 GH/s, nothing amazing. |
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hashman
Legendary
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Activity: 1264
Merit: 1008
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April 24, 2014, 11:35:53 AM |
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USD is a proof of stake coin. The stake is often called "collateral" and the coinbase transaction is called a "loan".
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ShakyhandsBTCer
Sr. Member
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 14, 2014, 11:33:52 PM |
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Would anyone be interested on mining USD, if it was possible, @ $0.01 per block (scrypt)?
If you are serious about this then it would be an alt-coin not the United States Dollar. |
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oceans
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August 08, 2014, 04:03:59 PM |
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I didn't even think it was possible to mine USD? There are so many regulations regarding USD that I am sure it would be impossible to mine. I personally would not even consider mining USD even if it was possible because of the regulations behind it.
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troisky
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Activity: 70
Merit: 10
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August 08, 2014, 04:15:14 PM |
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get a pickaxe and mine gold instead
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botany
Legendary
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Activity: 1582
Merit: 1064
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August 08, 2014, 05:10:02 PM |
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Ayers
Legendary
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Activity: 2618
Merit: 1023
Seabet.io | Crypto-Casino
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August 08, 2014, 06:43:56 PM |
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Only BANKS can do that
they steal it actually, but whatever |
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InwardContour
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August 08, 2014, 08:04:25 PM |
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Yes I would mine USD but only if I could have some btc profit from that.
Btw you can mine USDe, an altcoin which was created some months ago.
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Brewins
Legendary
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Activity: 1120
Merit: 1000
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August 08, 2014, 09:36:21 PM |
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Is this topic related to the troll army draft in the service forum? https://bitcointalk.org/index.php?topic=695428.0Only central banks can "mine" dollars, unless you want to practice a federal crime that can give you 10 years in jail |
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botany
Legendary
Offline
Activity: 1582
Merit: 1064
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August 09, 2014, 04:30:44 AM |
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Let us say the creator of an altcoin deposited a stash of dollars, from which miners would be gradually rewarded. Works similar to 'mining' of USD. |
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michaelwang33
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August 09, 2014, 04:52:31 PM |
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Let us say the creator of an altcoin deposited a stash of dollars, from which miners would be gradually rewarded. Works similar to 'mining' of USD. The created of the altcoins would have no reason to do this. And the miners would need to trust that the creator would actually payout the dollars. The closest thing to mining dollars would be to mine bitcoin or some other alt and convert your mined coins into dollars. |
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Gargulan
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August 09, 2014, 11:48:20 PM |
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Only BANKS can do that
Actually, it is the US mint that does it for coin. The cost of producing each dollar coin is less than 20 cents based on the metal and labor cost, and they are selling them at 1 dollar each, which you can use anywhere in the US. |
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Mobius
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August 10, 2014, 12:24:38 AM |
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Let us say the creator of an altcoin deposited a stash of dollars, from which miners would be gradually rewarded. Works similar to 'mining' of USD. I don't think this would make very much sense to me. How would the creator of the "dollar coin" be compensated for doing this? What incentive would he have? |
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