Is bit coin mining actually profitable? I have this guy on my steam friend list who at one time just keeps on ranting to me that he was making thousands just from mining bitcoins using several nvidia 1070 cards. He said it was his primary income. I found that hard to believe.
I'm very late to the bitcoin craze, is it worth setting up a rig solely for bitcoin mining? I'm willing to pay up to $1,000 and $50/mo for electricity.
I'm very late to the bitcoin craze, is it worth setting up a rig solely for bitcoin mining? I'm willing to pay up to $1,000 and $50/mo for electricity.
I purchased $30k of Litecoin in the $90's last week (Have a friend who bought more when it was in the $30's). I will probably just hold onto it for a while and hope it goes to $1,000 or more in the future.
I purchased $30k of Litecoin in the $90's last week (Have a friend who bought more when it was in the $30's). I will probably just hold onto it for a while and hope it goes to $1,000 or more in the future.
I cashed out shortly after they broke $100 for the first time. I only had like 3.3 BTC though from mining a number of years before that.
I mined for a while with a radeon x1800 + socket 939 CPU I don't know how long ago.How hard was it to mine one bitcoin?
I think they all know in deep down they are just Paper Millionaires and are afraid to cash out only to find out the market is thin a they cant get out.
From what I heard exchanges even limit the amounts you can cash out as well to prevent liquidity issues, coinbase I heard was 10K USD, assuming your bank would even allow a deposit without freezing your account.
Notice all the ads everywhere are about buying bitcoin etc. everyone wants to sell you bitcoin.
I'm no "Bitcoin millionare" (that I know of), but I am doing some mining on the side using GPUs and NiceHash. I'm using 13 GPUs and 7 PCs. I make maybe $16-18 / day, after fees, before electricity and before taxes. I don't think that this is nearly retirement money. But $5K / yr extra (in theory - it seems that I'm not even at the end of Jan., and I've had to spool up more hardware just to maintain revenue), on top of my $15K / yr disability check, is like 25% extra income. Granted, the disability isn't taxed.I'm very late to the bitcoin craze, is it worth setting up a rig solely for bitcoin mining? I'm willing to pay up to $1,000 and $50/mo for electricity.
I had over 300 bitcoins and sold them when it was around $8 each. I have a bunch of lite coins but apparently WeMineLTC was hacked or some bullshit. So I have no way of getting them back, do I?
Hundreds and if not thousands of token investors are counting their losses as Benebit, an initial coin offering has turned out to be an outright scam.
Owners of the scam have immediately taken to their heels making away with at least $2.4 million and perhaps up to 4 million, according to analysts estimates.
The chicken came home to roost after someone who researched into the pedigree of the people behind Benebit project was phoney individuals who are using stolen pictures from a British boys’ school website.
It is now clear that Benebit was a well carried out scam. The website, social media accounts and all eletronic content used officially sell the ICO have now dissapeared from the Internet.
What ever happened to people that ran this scam - fraud? I googled but found nothing. Even back in 2013 they were suspecting of skimming up to 5000 coins per month.
And speaking of ether-coin-crypto scams, here's the latest:
https://pageone.ng/2018/01/25/investors-lose-least-2-4-million-benebit-ico-turns-scam/