Cryptocoin Mining?

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Torn Mind

Lifer
Nov 25, 2012
12,004
2,748
136
Putting actual cash directly into coins though - that's a stupid, stupid idea unless you are quite literally going long on them, just like any other stock.

Altcoin trading is actually simplified forex trading. Stock is not the proper term, even though trading currency and trading coins have some similarities.
 

KlokWyze

Diamond Member
Sep 7, 2006
4,451
9
81
www.dogsonacid.com
How is mtgox even still up at this point? That's......... weird.

So... are there any places out there that list new coins coming out by date, etc.? Or is the bitcointalk forum the best place?
 

wand3r3r

Diamond Member
May 16, 2008
3,180
0
0
They're probably keeping it open so they can keep manipulating the price to $10/ea so they can buy out the whole exchange will all the $ they made at $1k/coin, then they will emerge from their "technical & security" issues with another large percentage of all BTC.

This way they wouldn't have to admit they didn't have the funds to payout that people needed etc. Just use peoples fear and profit.

/conspiracy
 

DownTheSky

Senior member
Apr 7, 2013
800
167
116
They're probably keeping it open so they can keep manipulating the price to $10/ea so they can buy out the whole exchange will all the $ they made at $1k/coin, then they will emerge from their "technical & security" issues with another large percentage of all BTC.

This way they wouldn't have to admit they didn't have the funds to payout that people needed etc. Just use peoples fear and profit.

/conspiracy

Not so much a conspiracy, just probably the truth.
 

DownTheSky

Senior member
Apr 7, 2013
800
167
116
You do the same thing I do: Consider cashing out now, then cash out, then cry after you cash out because as soon as you do the market will recover to pre-"crisis" levels.

The thing is though, as long as you're not investing physical cash into coins but rather you're mining them, you're never actually LOSING money on them until their profitability falls below a certain threshold. Miners should never mine and hold unless they're building a portfolio to go long with.

Personally, my mining hardware has already paid for itself. Even at current exchange rates, mining is still profitable. Sure, it's a lot less profitable than it was two months ago, but it's still profitable.

Putting actual cash directly into coins though - that's a stupid, stupid idea unless you are quite literally going long on them, just like any other stock.

Also best word of advice I can give: Don't sit on a coin after you've made profit in the hope of making even more profit. As soon as something is at a good price, sell it.

I had over $7k USD after my 1st month or so in different coins but I didn't cash out all. BIG mistake.

As soon as MtGox goes away or closes Bitcoin will recover. Until then it's like your undeveloped siamese twin that you keep hidden under your coat hoping to get rid of him someday. Dragging you down.

I'm buying MINT and mining Dnotes/DRK atm
 
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AyashiKaibutsu

Diamond Member
Jan 24, 2004
9,306
3
81
Fixed up an old rig to start mining with (just needed junk reseated and whatnot); it's got a 460gtx in it though : ( and wondering if just going down to best buy and getting 2 270Xs for $250 each would make sense for a start? My apartment comes with utilities with that in mind is there a better option that I can easily get a hold of?
 

UNhooked

Golden Member
Jan 21, 2004
1,538
3
81
Mining Mint as well. I mined some the first week and now mining DRK on my main Rig but diff keeps going up.

I might switch all my Rigs to PTS soon if I can get the GPU miner working.
 

SimianR

Senior member
Mar 10, 2011
609
16
81
Go ahead. Call it another scam coin.

Rubycoin is scrypt, but difficulty retargets after each block.

Yes, they did have a fail launch but they're relaunching on the 24th at 3 PM EST. If you want to join me over at united-miners.com, you're welcome to do so.

https://bitcointalk.org/index.php?topic=459622.0;all

So after Pandacoin absolutely collapses less than a week after its launch you're going to jump on another coin with a huge premine? I'm confused...
 

slashbinslashbash

Golden Member
Feb 29, 2004
1,945
8
81
Fixed up an old rig to start mining with (just needed junk reseated and whatnot); it's got a 460gtx in it though : ( and wondering if just going down to best buy and getting 2 270Xs for $250 each would make sense for a start? My apartment comes with utilities with that in mind is there a better option that I can easily get a hold of?

With free utilities and a given budget, you might be better off looking at 6 series cards? Like a 6950 can meet or beat a 270X in scrypt mining, in terms of pure hashrates. It is less efficient because it has higher electricity usage, but you might be able to find a used one for under $200. If you can find a 6970 or 6990, even better. I guess it depends on your meaning of "easily get a hold of"
 

AyashiKaibutsu

Diamond Member
Jan 24, 2004
9,306
3
81
With free utilities and a given budget, you might be better off looking at 6 series cards? Like a 6950 can meet or beat a 270X in scrypt mining, in terms of pure hashrates. It is less efficient because it has higher electricity usage, but you might be able to find a used one for under $200. If you can find a 6970 or 6990, even better. I guess it depends on your meaning of "easily get a hold of"

I mean like go out and buy or get shipped in a reasonable amount of time : p Don't want to hunt for used parts.
 

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,568
5,963
136
What happened to Panda:
http://pastebin.com/WMz06cVZ

Lol

What allegedly happened according to one party. It's entirely possible this guy or group of guys just fabricated that as a cover story to take the heat off of themselves and onto the fictitious Wolong.

In any event, "Wolong" whether he exists in real life or not is a false persona online.
 

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,568
5,963
136
So I managed to dump the private keys of my "corrupted" pandacoin wallet.dat. But seeing as how it's a worthless scamcoin it was more for the learning involved than for any real hope of a meaningful sum of BTC. Plus it seems like it was the <bleeping> wallet software's fault it got corrupted in the first place, lol.
 
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