Any Cryptocurrency winners around here?

Discussion in 'New Roundtable' started by locoguano, Dec 5, 2017.

  1. LaSalleAve

    LaSalleAve when in doubt, mumble

    Joined:
    Jun 8, 2008
    Messages:
    41,040
    Likes Received:
    15,414
    I’ve spent the equivalent of 5 million. Yes I know.
     
    LSUpride123 likes this.
  2. Bengal B

    Bengal B Founding Member

    Joined:
    Sep 5, 2002
    Messages:
    32,263
    Likes Received:
    10,726
    I saw a chart the other day that gave the breakdown on several different Bitcoin mining system. It took into account the electricity costs and everything. The cheaper systems would yield a net loss but the higher end system costing $2800 would yield about $7300 per year based on the current price of Bitcoin.

    How are other cryptocurrencies generated?
     
  3. Bengal B

    Bengal B Founding Member

    Joined:
    Sep 5, 2002
    Messages:
    32,263
    Likes Received:
    10,726
    Are you Dread Pirate Roberts?
     
    fanatic likes this.
  4. locoguano

    locoguano You sweat, you die...

    Joined:
    Jun 26, 2004
    Messages:
    8,973
    Likes Received:
    1,075
    Most are very similar. The "Third Generation" crytpo is released instead of mined. Ripple and Iota are two of the big ones.
     
  5. LaSalleAve

    LaSalleAve when in doubt, mumble

    Joined:
    Jun 8, 2008
    Messages:
    41,040
    Likes Received:
    15,414
    One of many
     
  6. shane0911

    shane0911 Helping lost idiots find their village Staff Member

    Joined:
    Jan 11, 2005
    Messages:
    23,869
    Likes Received:
    11,163
    You MF'rs are strange
     
  7. fanatic

    fanatic Peace among worlds...

    Joined:
    Oct 26, 2003
    Messages:
    9,986
    Likes Received:
    2,303
    You sure about that? We recently found very well hidden malware on multiple machines at work that supposedly mined for bitcoins and sent them to some remote server out in the wild. I'm not privy to the details, but that's what our cybersecurity team told the management team in our monthly briefing.
     
  8. locoguano

    locoguano You sweat, you die...

    Joined:
    Jun 26, 2004
    Messages:
    8,973
    Likes Received:
    1,075
    Bitcoin mining uses GPU processing power to produce coins. The best high-end gaming PCs can't keep up anymore. Most coins are now produced by ASIC units. Chances are any mining malware would be either ineffective or mining a less popular coin (like Burst, which uses Proof-of-Capacity instead of Proof-of-Work).
     
  9. stevescookin

    stevescookin Certified Who Dat

    Joined:
    Nov 18, 2008
    Messages:
    8,545
    Likes Received:
    1,809
  10. LaSalleAve

    LaSalleAve when in doubt, mumble

    Joined:
    Jun 8, 2008
    Messages:
    41,040
    Likes Received:
    15,414
    I feel like Bitcoin will eventually take a giant nosedive. It’s really only worth what someone will pay for it. And I get the feeling that governments will start moving towards crypto currency models separate from BTC.
     
    LSUpride123 likes this.

Share This Page