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License to print money... BitCoin?
| May 26th, 2017 at 10:01:23 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18209 |
I sense a crash coming. Happened last time they hit $1,000. On one hand, I just heard on a podcast if just 1 in 10 people in the USA bought and kept them then none could circulate. Just thinking it is getting ahead of itself. The President is a fink. |
| May 26th, 2017 at 10:57:29 AM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Certainly http://www.cray.com/ But if you are renting time on a Cray your costs will probably exceed the value of the bitcoin. Mining bitcoins has become a professional occupation with specialized equipment. |
| May 26th, 2017 at 11:22:28 AM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
I wouldn't touch bitcoin with somebody elses money, let alone my own. If you take a risk, you may lose. If you never take a risk, you will always lose. |
| May 26th, 2017 at 11:36:02 AM permalink | |
| Nareed Member since: Oct 24, 2012 Threads: 346 Posts: 12545 |
Thanks. But I said "get my hands on" a Cray, not "rent one." I imagine sneaking into a super-high-tech computing center at the Pentagon, and inserting the USB into the convenient terminal. Then of course the program would take three more seconds to run than it takes to call security. What? It works in the movies! Donald Trump is a one-term LOSER |
| May 26th, 2017 at 11:40:28 AM permalink | |
| DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4966 |
Cray computer for sale $3,600. http://www.ebay.com/itm/Cray-XT4-Supercomputer-In-Rack-w-Modules-AMD-Opteron-Quad-Cores-Full-of-RAM-/201843045494 At my age a Life In Prison sentence is not much of a detrrent. |
| May 26th, 2017 at 2:04:20 PM permalink | |
| Nareed Member since: Oct 24, 2012 Threads: 346 Posts: 12545 |
Without a power supply, it might not work very well. Donald Trump is a one-term LOSER |
| May 26th, 2017 at 2:16:13 PM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | What about these various MeetUp groups that met for coffee and info exchange over bitcoins? Surely they didn't own super computers but were simply ordinary techie types with somewhat high end home computers. what was it that happened to take bitcoins out of the realm of PCs? |
| May 26th, 2017 at 2:56:44 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18209 |
I think harder and harder to mine. One thing keeps me away is I don't remotely understand the math of it. The President is a fink. |
| May 26th, 2017 at 5:48:39 PM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | The math of it is that you buy low and sell high.... mining it is easy.... some computer chip does the work over a great many computer cycles. |
| May 26th, 2017 at 6:06:23 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
It took one year to reach a penny. It took two years for bitcoins to reach $1. In much of that time you could mine bitcoins with personal computers. Genesis Block Established - January 3, 2009 New Liberty Standard Publishes First Exchange Rate ( 1,309.03 BTC to one U.S. Dollar) - October 5, 2009 Two Pizzas Are First Material Item Purchased Using Bitcoin (10,000 BTC for two pizzas )- May 22, 2010 Bitcoin Posted on Slashdot - July 11, 2010 from approximately $0.008 to $0.08 in just five days. Bitcoin Price Hits $1.00 USD - February 9, 2011 Bitcoin achieves parity with the U.S. Dollar on the Mt. Gox exchange. Gawker Publishes Article About The Silk Road - June 1, 2011 Bitcoin value: $9.21 - Bitcoin value 10 days later: $17.61 |