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What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

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What is the fate of Bitcoin?

  1. Currency of the future

    35.0%
  2. Passing Fad

    65.0%
  1. saitou

    saitou J Only Fan

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    i don't even know what that post means... buying doge was troublesome enough. i'll head back to the stocks thread haha.
     
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  2. Dr of Dunk

    Dr of Dunk Clutch Crew

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    I sold a bunch of ETH I bought @ $100'ish, $400'ish and $800'ish at around $1300. Not a bad return for crap I never use for anything. lol. :D
     
    LosPollosHermanos likes this.
  3. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    Not cashing out anything till December. My only play atm is buying dips (barring any big change)
     
    Space Ghost likes this.
  4. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    Helium (HNT) has gone up 228% since I posted about it.

    https://coinmarketcap.com/currencies/helium/

    Also, the miners that I have been watching have output that has gone up 300%, like this guy https://explorer.helium.com/hotspots/1125U9gMVKEszQaacNaFTQ5P63XH8K3PWgJtB8rwR67Qnh9tAQXg

    I have three of the miners on order and am considering ordering more. I have ideas for adding mining antennas to businesses in the area and giving them a small cut.
     
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  5. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    Aelf is up and coming. Impossible to find a place to buy though. Where are you guys getting the non Coinbase etc currencies


    Wanted to buy more btc but 40k too high, I do see it hitting 50K this year though
     
  6. KingCheetah

    KingCheetah Contributing Member

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    Xerobull and Yung-T like this.
  7. CCity Zero

    CCity Zero Member

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    What are the price of the machines to mine, and how difficult is it to mine? This is pretty interesting on the little I've read so far. When I was trading crypto regularly I became less interested with use scenarios and more interested in making money. But I'm sure some of these ideas/coins will eventually be here to stay (I dont mean like alt coins going away but staying with its original use case etc.)
     
  8. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    $300 per miner. Then there’s the cost of outdoor antenna equipment. The higher it is, the more it will mine by making contact with IoT devices and other Helium access points.

    It’s a very fascinating application. I actually thought about it four years ago to track mobile medical devices but didn’t have a startling point.
     
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  9. Commodore

    Commodore Contributing Member

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    Mining profits go to whomever has the best combination of cheapest energy, cooling ability, and hardware performance.

    Just as with any industry, an average joe is not going to compete with a specialist, unless they have some unique advantage (like free/subsidized energy).

    One reason to mine at a loss might be if you wanted bitcoin free of any record of who they belong to.
     
    CCity Zero likes this.
  10. Dr of Dunk

    Dr of Dunk Clutch Crew

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    HNT is only traded on a couple of exchanges, isn't it? I'd want to dump some and it doesn't seem like any are "legal" in the US, and I don't really want to deal with VPN shenanigans or be left holding a bunch of worthless HNT. :D Also, do the mining hardware manufacturers take a cut of what you mined? I liked the concept when I first read about it, though.
     
  11. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    Let me get back to you on ‘legal’ exchanges.

    The RAK miners don’t take a cut.
     
  12. CCity Zero

    CCity Zero Member

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    Thanks for the information on this! Definitely interested in hearing how it goes
     
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  13. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    It’s a different for HNT. They’re run on Raspberry Pi 4s. Power, cooling and hardware isn’t a factor. For Helium, it’s antenna placement height relative to surroundings and location. If you can get a high spot in a metropolitan area or on an interstate or both, you’re golden. Check out the coverage map I posted- you can click on each hotspot and see their stats, which other nodes they connect to and how much they mine.

    (I had a 60 gpu Etherium setup a couple years ago, I’ll post a pic when I find time to find them.
     
    CCity Zero likes this.
  14. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    One to watch long term is DOT.
     
  15. IBTL

    IBTL Member

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    Hi i was om that link longer than i admit..i went to that link and looked at the hotspots and i still have no idea whats going on..

    My near boomer (mid 40s) mindset is still trying to get myself there. You talk about businesses I wonder how fun/possible would be to have how to paid sessions for boomers and near boomers that want in.

    So i can use my sons computer i just bought and mine for helium? Then how do these hotspots play in?

    You are talking antennas and outside my scope this is all very fun in a way like internet was in 90s
     
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  16. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    The miners are self contained. You can’t mine
    Helium with a PC. You can mine a lot of other crypto with your son’s pc if he has a beefy video card. Just google ‘what type of crypto can I mine with (video card make and model)’

    Good idea on teaching ‘older’ folks (I’m 47) about crypto. I’ll talk to a few of my crypto buddies about it.

    Back to Helium, it’s a wireless mesh network. That means everyone who has a miner/hotspot communicates with each other (in theory). It’s a closed network that doesn’t touch your own home network. The basics of radio apply: the higher your antenna is, the broader the signal. In use case of Helium, you would be touching more people’s Helium access points and IoT (internet of things) devices, which means you would mine more.

    Does that make sense?
     
    IBTL likes this.
  17. saitou

    saitou J Only Fan

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    New technology is cool, but in the end popularity Ðetermines crypto value no?



    Maybe it's a good thing, but found out recently I can't get a mortgage on my home due to blah blah restrictions lol.
     
  18. Juxtaposed Jolt

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    Is DOGE about to literally and figuratively go to the moon because of Musk tweets?
     
  19. saitou

    saitou J Only Fan

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    The biggest account holds 27% of doge, speculation that it's his account. True or not I do believe he's been buying as well. Anyone's guess if he maintains an interest in this or gets distracted by something else in the next hour lol.
     
  20. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    There’s like an infinite number of holdings of doge. Refuse to buy
     

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