If bitcoin was real coins, Would you pick 1500 satoshis off the ground?

[kingcoin111]

Nope for me. Even if the coins are clean, bending down 140 times for a dollar doesn't sound like a good idea to me.

How much is that?  $0.70 or so?

Hmmm, depends how it looks.  If it looks like physical Bitcoins, hell yes!

If you picked it 100 times, you will get about $0.7 lol.

lol.. then I wont. Let the other people who needs it pick it up 10  ;D0 times.

[1714725603]

1714725603

[yeponlyone]

How much is that?  $0.70 or so?

Hmmm, depends how it looks.  If it looks like physical Bitcoins, hell yes!

I like this - got a link to the homepage?

[ChuckBuck]

How much is that?  $0.70 or so?

Hmmm, depends how it looks.  If it looks like physical Bitcoins, hell yes!

I like this - got a link to the homepage?

Don't think they're pre loaded with any coin, just there to look at and be pretty:

https://ravenbit.com/

For the real deal holyfields, these will cost you a pretty penny:

https://www.titanbtc.com/

[no141]

If the value covers a transaction fee it's worth it. Now where do I find these to start picking them up?

Bitcoin geocaches anyone? 

[Farmer17]

What can I do with that 1500 satoshi with a value of $0.006?
I guess it is pretty much nothing, so it is a "no" for me.

[condriano]

I would pick it. If 1 bitcoin is worth $100,000 each.

[cookiemonsterwhat]

I`d pick it up at $100,000 value as well lol.  

[Chemistry1988]

If I can pick up a coin every second and there are countless of them around me, I would definitely spend as much time as possible there to pick up every coins and get 0.054 btc an hour.

That would require you to spend at least 3,600 outputs.

You'll end up spending at least 0.00001 BTC in fees for every 6 outputs that you spend.

That means that in order to spend the 0.054 BTC, you'll pay at least 0.006 BTC in fees, resulting in only 0.048 BTC in spendable income.

That assumes that you pay a transaction fee of only 0.00001 BTC per kilobyte, that you can fit 6 outputs per kilobyte into your transaction, and that every one that you pick up is a single output.

If you pay a more typical 0.0001 BTC per kilobyte and you fit a more typical 5.5 outputs per kilobyte into your transaction, you'll end up paying more like 0.06545 BTC in fees to spend the 0.054 BTC.  This means that picking up the coins will actually cost you 0.01125 BTC per hour.

It would make more financial sense to do something else for the hour to earn cash, and then exchange that cash for bitcoins.

Very true. I haven't thought about it in depth.

EDIT: On the second thought, since I have a dozen of bitcoin sitting in my wallet, I could have created fee-less transactions to consolidate the dusts.
For a transaction with 6 inputs (5 dust + 1 big input) and 1 output, the size should be about 930 bytes. So, I just need 54 confirmations on a 10btc output to make the transaction priority over 57,600,000. In that sense, I should be able to slowly reduce the number of dusts day by day without any bitcoin fee but only some time cost lol.

[WhatTheGox]

yeah cause its $1500 in the future just for bending down 

[zee11226]

I will pick it, I will add it to my collection. Bitcoin value will change overtime. This is are real coins you can transfer it without transaction fee.

[Devance]

I will pick any coins on the ground that has value.

[Shogen]

I will pick any coins on the ground that has value.

Even if such a coin is worth for 0.6 cent?
Wouldn't it be wiser for you to spend your time on a part-time work or self learning instead of picking up those 0.6 cent coins?

[no141]

Some great info here. So now my plan to pick up the coins would be to just collect them. And before spending, add a few to minimize transaction fees. I'm thinking since they are coins, you'd be able to put them in something to add their value to your wallet. If coins just had info on them that you scanned, well then all the coins on the ground could be spent and worthless, changes my whole thinking then.

[Superhitech]

Picking 1500 satoshis off the ground is like a faucet without the captcha.

[DannyHamilton]

EDIT: On the second thought, since I have a dozen of bitcoin sitting in my wallet, I could have created fee-less transactions to consolidate the dusts.
For a transaction with 6 inputs (5 dust + 1 big input) and 1 output, the size should be about 930 bytes. So, I just need 54 confirmations on a 10btc output to make the transaction priority over 57,600,000. In that sense, I should be able to slowly reduce the number of dusts day by day without any bitcoin fee but only some time cost lol.

Yes, if you are willing to set aside a single 10 BTC output to use for consolidating dust, every 9 hours you could possibly consolidate 5 dust inputs.  If you spend 1 hour picking up 1 output per second, you'll have 3600 outputs to consolidate.  Therefore, if you remember to consolidate them every 9 hours, it will take you about 6,480 hours (270 days) to consolidate your 0.054 BTC.

Of course, you're spending a lot more than 1 second per output in the effort now.  There have to be faster, easier, and better ways to earn $20 in 9 months.

[pereira4]

Yes I would, and whoever wouldn't is being hypocrital. Everyone picks FIAT money daily, why not satoshis? 

[DannyHamilton]

Yes I would,

You would be wasting your time and effort.

and whoever wouldn't is being hypocrital.

You are mistaken.

Everyone picks FIAT money daily,

Not necessarily.

why not satoshis? 

Because it costs you money to pick it up.  It costs more than it's worth.

[TrailingComet]

I would pick even 100 satoshis off the ground, money is money and should always be shown its due respect
Not discounting the fact that 100 satoshis might buy me a cup of coffee in some distant future

[Sonny]

I would pick even 100 satoshis off the ground, money is money and should always be shown its due respect
Not discounting the fact that 100 satoshis might buy me a cup of coffee in some distant future

But then you should be better off working at McDonald for an hour and use the wages to buy 0.01 btc (1000000 satoshi ) instead of picking those 1500-satoshi or 100-satoshi coins on the ground.

[llanillo]

If bitcoin was real i would go to a real mine.. and get rich