Bitcoin Mining

Discussion in 'The Bar' started by newcastlefan, May 23, 2015.

  1. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP Gold

    Reputations:
    69,588
    Joined:
    Dec 31, 2011
    Messages:
    78,626
    Likes Received:
    35,220
  2. dawg

    dawg In The Dog House Staff Member

    Reputations:
    200,182
    Joined:
    Aug 19, 2010
    Messages:
    150,255
    Likes Received:
    142,248
    To this day i have never owned 1 bitcoin.
     
    garypagetwo likes this.
  3. redshirt

    redshirt Well-Known Member VIP

    Reputations:
    25,349
    Joined:
    May 28, 2012
    Messages:
    7,196
    Likes Received:
    8,076
    I bow to your greater knowledge, but for years zombie botnets have been used to spam email, and participate in DDOS attacks, could one theoretically be used to mine bitcoins? Kind of like the PS3 had seti@home.
     
  4. gilaet

    gilaet King Of Town Staff Member

    Reputations:
    91,251
    Joined:
    Aug 23, 2010
    Messages:
    107,241
    Likes Received:
    45,067
    Russians have been infecting popular game torrents doing that.
     
    redshirt likes this.
  5. Scott

    Scott Masshole Staff Member

    Reputations:
    57,471
    Joined:
    Sep 17, 2010
    Messages:
    35,131
    Likes Received:
    30,266
    @froggy
     
  6. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP Gold

    Reputations:
    69,588
    Joined:
    Dec 31, 2011
    Messages:
    78,626
    Likes Received:
    35,220
    We don't deal in piddling small change.
     
  7. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP Gold

    Reputations:
    69,588
    Joined:
    Dec 31, 2011
    Messages:
    78,626
    Likes Received:
    35,220
    The guy who wrote the article programmed a mainframe to mine bitcoins, but it's incredibly slow. He wrote the program in BAL and punched cards. That's the equivalent of using a horse and buggy to travel from NYC to China: sure it's possible but maybe only your kids will live long enough to buy a Big Mac in Tienamin Sq.
     
  8. Schmoopy

    Schmoopy Shit Mult Hunter 2010 OG Gold

    Reputations:
    80,088
    Joined:
    Aug 25, 2010
    Messages:
    220,550
    Likes Received:
    46,030
  9. Daveindiego

    Daveindiego Confirmed Internet Legend Banned User

    Reputations:
    124,302
    Joined:
    Sep 19, 2010
    Messages:
    87,609
    Likes Received:
    44,013
    Is it still possible to mine bitcoins, or has it reached the point of too much?
     
  10. HaroldJackson

    HaroldJackson Well-Known Member Banned User

    Reputations:
    2,350
    Joined:
    Aug 27, 2010
    Messages:
    6,152
    Likes Received:
    1,108
    [​IMG]
    this also ties into Next Level's date thread.
     
  11. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP Gold

    Reputations:
    69,588
    Joined:
    Dec 31, 2011
    Messages:
    78,626
    Likes Received:
    35,220
    i think everyone figured that would be your response. you didn't have to reinforce it though.
     
    walterHwhite likes this.
  12. FatKidSullivan

    FatKidSullivan Director of Psychiatry: Dawg's Medical Services VIP

    Reputations:
    24,967
    Joined:
    Dec 13, 2011
    Messages:
    50,483
    Likes Received:
    20,208
    I read somewhere that the cost of electricity is actually more expensive than the amount of bitcoin you will mine. For normal folks, anyway. In America.

    Lord knows what those Chinamen are up to!
     
    Shedding Skin likes this.
  13. Schmoopy

    Schmoopy Shit Mult Hunter 2010 OG Gold

    Reputations:
    80,088
    Joined:
    Aug 25, 2010
    Messages:
    220,550
    Likes Received:
    46,030
    :fail:!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:cwl:
     
  14. FatKidSullivan

    FatKidSullivan Director of Psychiatry: Dawg's Medical Services VIP

    Reputations:
    24,967
    Joined:
    Dec 13, 2011
    Messages:
    50,483
    Likes Received:
    20,208
    People are trying to talk like rational adults in here.
     
    WillyBest likes this.
  15. Schmoopy

    Schmoopy Shit Mult Hunter 2010 OG Gold

    Reputations:
    80,088
    Joined:
    Aug 25, 2010
    Messages:
    220,550
    Likes Received:
    46,030
    [​IMG]
     
    Nunz likes this.
  16. FatKidSullivan

    FatKidSullivan Director of Psychiatry: Dawg's Medical Services VIP

    Reputations:
    24,967
    Joined:
    Dec 13, 2011
    Messages:
    50,483
    Likes Received:
    20,208
    I don't even see a fail.
     
  17. Daveindiego

    Daveindiego Confirmed Internet Legend Banned User

    Reputations:
    124,302
    Joined:
    Sep 19, 2010
    Messages:
    87,609
    Likes Received:
    44,013
    Yeah, I had heard myself that the cost and time to now mine a bitcoin make it pointless for the effort.

    We are smart for knowing that, which probably puts us into the top 95 percentile in smartness on this site.
     
    FatKidSullivan likes this.
  18. Schmoopy

    Schmoopy Shit Mult Hunter 2010 OG Gold

    Reputations:
    80,088
    Joined:
    Aug 25, 2010
    Messages:
    220,550
    Likes Received:
    46,030
    Where? I think you're on the wrong board.:wtf:
     
  19. Schmoopy

    Schmoopy Shit Mult Hunter 2010 OG Gold

    Reputations:
    80,088
    Joined:
    Aug 25, 2010
    Messages:
    220,550
    Likes Received:
    46,030
    what not that
     
  20. FatKidSullivan

    FatKidSullivan Director of Psychiatry: Dawg's Medical Services VIP

    Reputations:
    24,967
    Joined:
    Dec 13, 2011
    Messages:
    50,483
    Likes Received:
    20,208
    Thanks for contributing absolutely fucking nothing. As usual.
     
    Anfkid likes this.