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Mini Bitcoin Farm

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7 minutes ago, Firefly 35 said:

Plus, I think abu is accepting bitcoin too.

Off, I found a hundred bucks in an old bitcoin wallet. Might have just found out where I want to sped it lol

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8 hours ago, DailyDi said:

Off, I found a hundred bucks in an old bitcoin wallet. Might have just found out where I want to sped it lol

Also, something I looked into a while back is myetherwallet.com, and it apparently supports dozens of different altcoins, but not bitcoin oddly enough.  I could tell because it shows your balance for each along the side of the page.

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Question what do I need to start a bit coin farm?

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As far as I know, you will need a bitcoin wallet, several high-power gpu's (graphical processing units), probably a cooling system, access to a mining group, a mining algorithm, and some way to power all that without blowing the circuit breaker.  

However, DailyDi would know more about it than I would.

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Bitcoin don't use GPU, but there is other currencies that still do and I don't think Bitcoin is worth it for casuals anymore

Mind you, I dont know much about this..

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8 hours ago, oliver d said:

Question what do I need to start a bit coin farm?

A wallet, a miner (sha-256 algorythem miner) and a pool to mine at. The little pods I am using are 100 each direct from the guy making them. If you want more power, the cheapest large miner is the Antminer v9 which is about $300 right now, and a power supply for it. (The v9 is more power than the 5 pods I am using combined, but needs to be vented to clear the heat they produce and my office is too cramped.

 

Be glad to give advice, suggest products to any hobbiest

1 hour ago, Dubious said:

Bitcoin don't use GPU, but there is other currencies that still do and I don't think Bitcoin is worth it for casuals anymore

Mind you, I dont know much about this..

Correct. While you technically "can" still GPU mine bitcoin, the output is so low no pool will allow it. GPU miners are mainly mining altcoins, none of which have the potential to reach bitcoin value.

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On 4/3/2018 at 4:04 PM, Demon-hunter said:

I believe that Dubious is try to say that bitcoin and bitcoin farming is just a waste of time and energy, which I agree with

Sent from my SM-J327V using Tapatalk
 

 

Oh,  you mean, it's like wanking ?

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Bitcoin mining is a nice way to make passive income, much like investing, but unlike investing, the future outlook for Bitcoin is terrible. I'd rather take the money spent on electricity and the mining system and put it in stocks, but for me that might depend more on the price of electricity. With Trump in office, there is also some real bargains out there right now, like Boeing. If I were in say eastern Washington for example where cheap electricity is plentiful, I can see Bitcoin mining as possibly more lucrative in the short term.

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You make a point Jason, but also keep in mind with the Policy of Tariffs against China, the stock market is taking losses and is up and down.  I'd hate to buy Boeing stock at a bargain price only to have it continue to fall.  Can't understand how farmers in Illinois and Indiana where 60% of the soybean crop is exported to China (one example of many) and losing money with the extra tariffs is making America great!

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Agreed, but don't concern yourself with short term loss or gain. By investing for the long term, you can make money in a bull or bear market. When the dust settles, the stocks will go back up. If Boeing stocks continue to fall for example, you can buy more. In ten years, when Trump is long gone, hopefully we will have negotiated another TPP which is what would have fixed the intellectual property theft issue he thinks he can fix now with tariffs. Trump proved he was dumb as shit when he cancelled that deal his first day in office.

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We have to wait 10 years?  :16_EmoticonsHDcom:  OMG!

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