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Author Topic: Bitcoin big earners?  (Read 3228 times)
jago25_98
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February 16, 2012, 12:55:31 AM
 #1

what are the big earners in bitcoin right now?

1) the exchanges.
Cavat = regulation in most countries

2) silkroad, and i'd guess weed would be most popular

What else is there? What is the next level down and how much are they earning?
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Brian DeLoach
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February 16, 2012, 01:19:06 AM
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The large pools make a lot, but when the price falls sharply their margins become very thin. The smaller pools are pushed into the red and miners, who are then making a lot less, try to maximize their profits but migrating to no fee pools.

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February 16, 2012, 02:10:07 AM
 #3

what are the big earners in bitcoin right now?

1) the exchanges.
Cavat = regulation in most countries

By my estimates Mt. Gox is paying the bills and the rest have not made a dime unless there is a lot of dark-pool activity, but as best I can tell there is not.

Bitcoinica is probably doing OK as a low-overhead show.  (Due to low headcount and shunting the cost of the financial hassles to the exchanges.)
 
2) silkroad, and i'd guess weed would be most popular

What else is there? What is the next level down and how much are they earning?

Ummm...the scammers and thiefs?


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February 16, 2012, 02:41:08 AM
 #4

Graphics card manufacturers..

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

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February 16, 2012, 03:45:17 AM
 #5

Big Pools, Big Exchanges, Big whatever.

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February 16, 2012, 07:02:53 AM
 #6

I'm earning mad donations from my site...  Wink

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February 16, 2012, 12:28:47 PM
 #7

Yes, it's sad but I also believe the ones who really made money quick with bitcoin are a few early adopters that cashed out last year and scammers/thieves.

Bitcoin is not the tool to make money quick. At least not legally. Hope this news is not too disruptive for most that hold Bitcoin or plan to do business with it.

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February 16, 2012, 12:30:29 PM
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Power company Grin
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February 16, 2012, 03:01:34 PM
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INeededALoan is doing pretty well Smiley

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February 16, 2012, 03:21:42 PM
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Yes, it's sad but I also believe the ones who really made money quick with bitcoin are a few early adopters that cashed out last year and scammers/thieves.

What makes you think they cashed out?  It's easy to look back at the price history and imagine how you or someone else would have or should have done this-or-that at some particular time, but in reality these things only make sense in hindsight.

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February 16, 2012, 04:26:31 PM
 #11

http://bitcointorrentz.com

not big money, but seems like a good match

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February 16, 2012, 05:39:35 PM
 #12

Strong speculators. In those price swings, there was a lot of money being thrown around.

I started out as a newbie and with small amounts and it went well so far... imagine what an experienced pro starting with six-digit sums might have done.
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February 16, 2012, 07:09:57 PM
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Yes, it's sad but I also believe the ones who really made money quick with bitcoin are a few early adopters that cashed out last year and scammers/thieves.

What makes you think they cashed out?  It's easy to look back at the price history and imagine how you or someone else would have or should have done this-or-that at some particular time, but in reality these things only make sense in hindsight.

Well, I'm sure there are enthusiasts like me who see the price go up and conclude they should mine more or see the price crumble and send money to Gox. I would only take my money out if I really needed it but I fear a bit that by the time I have to take it out, I will be in for a great loss.
But there are sure also people that know how to trade and recognize a bubble when they see one. These guys are not emotionally connected to the idea of BTC but see this as gambling. If all the BTC were owned by enthusiastic supporters of the project, I wouldn't loose faith that easily Wink

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February 16, 2012, 08:00:02 PM
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 Cool   <--- 'nuff said

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February 16, 2012, 09:02:27 PM
 #15

Yes, it's sad but I also believe the ones who really made money quick with bitcoin are a few early adopters that cashed out last year and scammers/thieves.

What makes you think they cashed out?  It's easy to look back at the price history and imagine how you or someone else would have or should have done this-or-that at some particular time, but in reality these things only make sense in hindsight.

Well, I'm sure there are enthusiasts like me who see the price go up and conclude they should mine more or see the price crumble and send money to Gox. I would only take my money out if I really needed it but I fear a bit that by the time I have to take it out, I will be in for a great loss.
But there are sure also people that know how to trade and recognize a bubble when they see one. These guys are not emotionally connected to the idea of BTC but see this as gambling. If all the BTC were owned by enthusiastic supporters of the project, I wouldn't loose faith that easily Wink

+1

"I find [some people's] lack of faith disturbing."

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February 17, 2012, 12:10:53 AM
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Well, I'm sure there are enthusiasts like me who see the price go up and conclude they should mine more or see the price crumble and send money to Gox. I would only take my money out if I really needed it but I fear a bit that by the time I have to take it out, I will be in for a great loss.
But there are sure also people that know how to trade and recognize a bubble when they see one. These guys are not emotionally connected to the idea of BTC but see this as gambling. If all the BTC were owned by enthusiastic supporters of the project, I wouldn't loose faith that easily Wink

+1

"I find [some people's] lack of faith disturbing."


I find [some people's] blind faith disturbing.

Actually, that is not exactly true.  I'm glad to see it because these people may help me end up in the green, but I suspect that Bitcoin will ultimately survive, if it survives at all, on the back of people who have a more coldly pragmatic view of the world around us and who are innately aware of both the virtues and the warts of the solution...and of alternate solutions (i.e., gold, or even the USD for that matter as everything has it's strengths and weaknesses.)





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February 17, 2012, 12:14:08 AM
 #17

We want bitcoin to succeed, not to protect bitcoin against valid criticism.

If we don't address valid concerns, bitcoin will just end up dead.

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February 17, 2012, 12:46:17 AM
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We want bitcoin to succeed, not to protect bitcoin against valid criticism.

If we don't address valid concerns, bitcoin will just end up dead.

Agreed but what do you see as unaddressed valid concerns ?
When they say at Def COn that they dont believe the bitcoin network can scale up to the number of transactions processed by Vias/Mastercard, I wonder if thats a concern or if thats even a valid statement?
I trust the community can come up with a BIP to fix that if its a valid concern.
 

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February 17, 2012, 12:55:35 AM
 #19

I'll bet Casascius is doing alright for himself.  Maybe he's made 5-10k?
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February 17, 2012, 01:23:45 AM
 #20

Agreed but what do you see as unaddressed valid concerns ?
When they say at Def COn that they dont believe the bitcoin network can scale up to the number of transactions processed by Vias/Mastercard, I wonder if thats a concern or if thats even a valid statement?
I trust the community can come up with a BIP to fix that if its a valid concern.
 

I believe there were talk of pruning old transactions but that is not done yet.

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