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  1. #1
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    Any bitcoiners out there?

    I dont own any, but casually watch from afar... pretty crazy ride in the last few months: bitcoinity.org/markets recently became $1B market and is sort of out of its infancy but still a mess... Anyone dabble here?



  2. #2
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    Re: Any bitcoiners out there?

    I haven't touched it, but I also have been watching. it used to be a around $10 and vary <$5. Then recently it shot up to $100+. Then $200 before the crash back to ~$100. It is pretty volatile now, and way too much risk at this point for me... Basically just gambling.



  3. #3
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    Re: Any bitcoiners out there?

    yeah i know someone that bought chunks in the single digits... so he is watching intently :)



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    Re: Any bitcoiners out there?

    I'm reading Currency Wars (highly recommended) right now, and if this poses any kind of threat to what the central banks are trying to do, this will be manipulated into a fiery death.



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    Re: Any bitcoiners out there?

    I heard about this a year ago or so. Its definitely intriguing. I had completely forgotten about it.



  6. #6
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    Re: Any bitcoiners out there?

    Been mining for a year now and bought some at $10 (5 of them) + my mining ones so I made about 3 grand on the whole thing. I sold at $200.


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  7. #7
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    Re: Any bitcoiners out there?

    cliffs? I've heard bits and pieces, but have no clue on this topic. would like to follow it as it sounds interesting.



  8. #8
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    Re: Any bitcoiners out there?

    This video sums it up and dumbs it down



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  9. #9
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    Re: Any bitcoiners out there?

    But seriously if you have any questions regarding bitcoins I will happily answer them. I've been doing it for over a year now and am pretty knowledgeable.


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  10. #10
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    Re: Any bitcoiners out there?

    way too complicated and technical for a worldwide matket.


    Quote Originally Posted by CycloneRulzzz View Post
    mtown is among the worst to ever play this game.


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    Re: Any bitcoiners out there?

    This is legit? Seems neato.



  12. #12
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    Re: Any bitcoiners out there?

    Quote Originally Posted by mtowncyclone13 View Post
    way too complicated and technical for a worldwide matket.
    I disagree. Once people of a certain age... to put it bluntly... die. It will prosper and the idea behind bitcoins will be prosperous. (That might sound bad)


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  13. #13
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    Re: Any bitcoiners out there?

    Quote Originally Posted by VikesFan28 View Post
    This is legit? Seems neato.
    As legit as you can get


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  14. #14
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    Re: Any bitcoiners out there?

    How long does mining usually take? months? Obviously it depends on your computer power, but give me an example I guess.



  15. #15
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    Re: Any bitcoiners out there?

    Quote Originally Posted by cyclonefreak5 View Post
    How long does mining usually take? months? Obviously it depends on your computer power, but give me an example I guess.
    In the early days you could do it by yourself, but when I got around to it that wasn't possible even back then. Nowadays you almost have to join a mining pool. Which is basically a group of thousands of miners joining together and with their own algorithm break up the blocks and send them out to the various computers that will computer their section of the mining block. Then you get a share of the block based on how much you helped mine that block.

    For example one of the pools I am in just completed a block in 1.5 hours. There were 11,690,028 shares in that block so you take that and divide 25 by 11.6 million and get 0.00000213857 bitcoins per share you had.


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