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Author Topic: forex trading with bitcoin (or other ways to raise capital for FPGA purchase)  (Read 1268 times)
arklan
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May 17, 2012, 01:45:44 PM
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so here i am, using my lowly nvidia 560 vid card in my gaming rig (when i'm not gaming...) to mine for me. i've got a little handful of BTC. i am very much interested in boitcoin in the long term and it's potential, hence my current (nearly useless...) mining. so eventually, i want ot buy some fpga's and really run with this.

unfortunately, my real word USD job pretty much only pays enough for me to get from paycheck to paycheck. so i'm trying ot think of ways to use my meager BTC to raise the capital to buy at least one FPGA, to start off. to that end, i'm wondering what ideas the community has. my thought, initially, is forex trading, since i have btc, and could easily exchange them into usd, GBP, what have you, and right back to BTC ad neaseum, adding a few cents at a time here and there. obviously this would be a cautionary thing, since exchange rates fluctate and have various fees.

so, thoughts on this or other ideas, besides a bank heist, to get a few hundred bucks to buy some FPGAs?
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matthewh3
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May 17, 2012, 02:14:32 PM
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You could always make micro-investments into GLBSE FPGA mining company's.  The returns might not be as high as running your own FPGA farm but most of the listed FPGA mining company's pay a weekly dividend.

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May 17, 2012, 03:16:39 PM
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so here i am, using my lowly nvidia 560 vid card in my gaming rig (when i'm not gaming...) to mine for me. i've got a little handful of BTC. i am very much interested in boitcoin in the long term and it's potential, hence my current (nearly useless...) mining. so eventually, i want ot buy some fpga's and really run with this.

unfortunately, my real word USD job pretty much only pays enough for me to get from paycheck to paycheck. so i'm trying ot think of ways to use my meager BTC to raise the capital to buy at least one FPGA, to start off. to that end, i'm wondering what ideas the community has. my thought, initially, is forex trading, since i have btc, and could easily exchange them into usd, GBP, what have you, and right back to BTC ad neaseum, adding a few cents at a time here and there. obviously this would be a cautionary thing, since exchange rates fluctate and have various fees.

so, thoughts on this or other ideas, besides a bank heist, to get a few hundred bucks to buy some FPGAs?

Credit card?
arklan
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May 17, 2012, 07:14:12 PM
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don't currently have a credit card. unemployment before my current job ruined my credit.

i'll look into GLBSE some. thanks fellas.
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