The BITCOIN thread

[pocketfours]

It is? Great. I haven't tried yet. I've talked with a friend about mining, he's more clued up than me and he says it's a waste of time, that we *might* make a couple of grand in a two year period if we're lucky.

Optimally you will need dedicated machines to improve your efficiency W/btc and/or do it somewhere where energy is cheap. Or you can use the rigs to heat your house, but that's a hassle prob. Just let the chinese do the mining imo.

[OngBonga]

Optimally you will need dedicated machines to improve your efficiency W/btc and/or do it somewhere where energy is cheap. Or you can use the rigs to heat your house, but that's a hassle prob. Just let the chinese do the mining imo.

Yeah energy is kind of a deal breaker here, it's expensive enough to have the heating on for two hours a day.

I think I'm with rilla, I've been kind of thinking that myself. If I can spend $100 on bitcoins, and have 0.1 or whatever, well if in five years that's worth $2k, that's a free holiday to see my friends in NZ. I think the only people who get ridiculous returns are those who mined early when it was easy and are letting them go now. I suspect the majority of us will have to settle for more modest returns.