Register to Comment
Page 223 of 229 FirstFirst ... 123173213221222223224225 ... LastLast
Results 2,221 to 2,230 of 2289
Like Tree552Likes
  1. #2221
    johnnypockets johnnypockets is online now

    Join Date
    Mar 2010
    Posts
    14,868

    Quote Originally Posted by Trainwreck View Post
    Hmmm, I think you are a long way wide of the mark there. This is for the US. It seems to vary from around $3,000 up to $7,000. Check out Hawaii - $9,000!

    And electricity in the US is a lot cheaper than in Ireland or anywhere in Europe.



    https://www.marketwatch.com/story/in...ate-2017-12-15
    Can't remember where I read it but the figure quoted was 2k(maybe worldwide average?) and that also included the person's time to do it.

    (everything in Hawaii is ridiculously expensive)
    Sign in or Register Now to reply

  2. #2222
    Supra Supra is offline

    Join Date
    Aug 2015
    Posts
    2,136

    Quote Originally Posted by johnnypockets View Post
    Can't remember where I read it but the figure quoted was 2k(maybe worldwide average?) and that also included the person's time to do it.

    (everything in Hawaii is ridiculously expensive)
    Someone is getting over paid.
    Sign in or Register Now to reply

  3. #2223
    sadcitizen sadcitizen is offline

    Join Date
    Sep 2011
    Posts
    4,258

    Quote Originally Posted by ymmek View Post
    If BITCOIN is so good how come one can buy it?
    If you're asking why miners don't just horde Bitcoin rather than selling it, they can/do. If you mean "why isn't it so highly sought after that it's unaffordable", because people lack foresight. If you mean "why is it open to everyone", this is how it was purposely designed, and why it will remain valuable. No greasy Irish politicians can ever get their hands on your Bitcoin.

    Who owns all the BITCOIN that exists that was not bought
    The person/pool who mined it

    who benefits from each purchase of BITCOIN?
    Miners, and intermediaries such as exchanges. Btw you can mine them yourself at home if you're interested, it just wouldn't be profitable with Irish energy costs. There are no designated miners, and permission isn't required. The system is completely open/transparent/accessible.
    Last edited by sadcitizen; 13th February 2018 at 01:36 PM.
    Sign in or Register Now to reply

  4. #2224
    sadcitizen sadcitizen is offline

    Join Date
    Sep 2011
    Posts
    4,258

    Quote Originally Posted by johnnypockets View Post
    Can't remember where I read it but the figure quoted was 2k(maybe worldwide average?) and that also included the person's time to do it.

    (everything in Hawaii is ridiculously expensive)
    That 2k figure is for an efficient mining operation, as quoted by Mcaffee who runs one. The picture above is if you ran it at home inefficiently.
    Sign in or Register Now to reply

  5. #2225
    Watcher2 Watcher2 is offline

    Join Date
    May 2010
    Posts
    31,775

    Quote Originally Posted by libertarian-right View Post
    For what it's worth I've thrown a few yoyos into IOTA last summer. The only project I can get behind. Couldn't care about all the bitcoin clones.

    Just note that the dot com bubble burst at about 10 trillion. We haven't hit 1 trillion in this "market" - yet to see mainstream money in it. Will be watching this wild wild west rollercoaster for the foreseeable future.
    You dint have one IOTA mate.

    I'll get my coat.
    Sign in or Register Now to reply

  6. #2226
    Supra Supra is offline

    Join Date
    Aug 2015
    Posts
    2,136

    Quote Originally Posted by sadcitizen View Post
    If you're asking why miners don't just horde Bitcoin rather than selling it, they can/do. If you mean "why isn't it so highly sought after that it's unaffordable", because people lack foresight. If you mean "why is it open to everyone", this is how it was purposely designed, and why it will remain valuable. No greasy Irish politicians can ever get their hands on your Bitcoin.



    The person/pool who mined it



    Miners, and intermediaries such as exchanges. Btw you can mine them yourself at home if you're interested, it just wouldn't be profitable with Irish energy costs. There are no designated miners, and permission isn't required. The system is completely open/transparent/accessible.

    The greatest trick the Devil ever pulled


    Politicians and central banks are all over this.


    https://www.pastemagazine.com/articl...nipulatin.html
    Sign in or Register Now to reply

  7. #2227
    silverharp silverharp is online now
    silverharp's Avatar
    Join Date
    Jan 2015
    Posts
    15,073

    junior was complaining that its putting up the cost of buying graphics cards
    Sign in or Register Now to reply

  8. #2228
    mr_anderson mr_anderson is offline
    mr_anderson's Avatar
    Join Date
    Dec 2007
    Posts
    10,727

    Quote Originally Posted by silverharp View Post
    junior was complaining that its putting up the cost of buying graphics cards
    It did.
    But with the price going down, you're going to get far less miners.
    Sign in or Register Now to reply

  9. #2229
    sadcitizen sadcitizen is offline

    Join Date
    Sep 2011
    Posts
    4,258

    Quote Originally Posted by Supra View Post

    The greatest trick the Devil ever pulled


    Politicians and central banks are all over this.


    https://www.pastemagazine.com/articl...nipulatin.html
    I'm sure they are but IMO the reasons stated in that article don't really signal it. Regardless, the protocol can't be manipulated. You may be taxed at an exchange level, but they wont be able to take your Bitcoin or stop you from using it.
    Sign in or Register Now to reply

  10. #2230
    jmcc jmcc is offline

    Join Date
    Jun 2004
    Posts
    46,402

    Quote Originally Posted by silverharp View Post
    junior was complaining that its putting up the cost of buying graphics cards
    Some of the coins could be mined on video cards but as the complexity of the process exceeded the amount of RAM on the video cards, the value of these cards to miners dropped. The price on low end video cards prices should be reasonable now. The mid range and high range cards still have some value to miners and that is keeping the price up. The prices on these video cards have remained high, unfortunately.

    https://arstechnica.com/tech-policy/...-gpu-shortage/
    The Ethereum Effect: Graphics Card Price Watch (Updated)
    Sign in or Register Now to reply

Sign in to CommentRegister to Comment