Is crypto currency mining a meme? Will it have impact upon the

It's competition.

>>129437695
It's a meme unless you want to take a loan to fund your own farm and risk the shitcoin ending up like every other shitcoin.

>>129437695
Yes, no.
If you're the average person, you're going to actually lose money between the setup and electric bill compared to your gains. If you're a criminal who sets up a mining operation sayyyy out of the office you work at then you might be able to scrounge up some beer money. It's not a poorman's game unless you have a brilliant system.

Won't affect global economics. Maybe in the distant future outside of our lifetimes it will have a small effect. Literally cowboy territory for the foreseeable future.

>>129437695
I think it will never really replace Fiat currencies at least not for the next 20 years. Imagine if there were no more physical cash tomorrow, people would lose their minds.

I think you should get in NOW if you want to tell your kids how did made his fortune mining coins in 2017.

>>129438008
the pubic hair stuck to her ass is a nice touch

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>>129438320

>>129438154
>go to supermarket
>pay with bitcoin
>"ok, now wait 30 minutes until the transaction is confirmed - paying 100$ extra for your 50$ grocery shopping trip should speed things up"
Haha, no way.

BTW you can still get in on the mining thing, you just need to somehow get capable hardware and FAST.

I managed to get 415 Mhash (etherium) worth of graphics cards for less than $2k.

Ive already made back that money and now im on track to make $2600 this month at current going rate for Eth to USD.

>>129438407
Or
>Chinese gov cracks down on bitcoin
>Economy in the US comes to a screeching halt because no miners, no transactions are confirmed anymore
B... but I thought it was decentralized!

>>129437695
It's basically a precursor towards a global decentralized computing network

>>129438419
give me the 2k to set it up and ill give you half the profit each month after expenses.

>>129438514
>>129438154
>bitcoin is the only crypto

Other cryptos are far better for transactions.

>>129438699
Other cryptos are irrelevant (if you are willing to go as far as saying the bitcoin market cap were relevant).

>>129438699
Any suggestions?

>>129438790
litecoin

>>129437695
No, and No

>>129438790
dogecoin

I don't understand how people plan on actually making money with this cryptocurrency shit.

"b-b-ut they're worth..."

They're not worth anything. The only way you'll make anything is if someone's dumb enough to pay you real money for them. It's a meme.

>>129438606
The problem is finding the hardware. $2k would not net you more than 6 Rx 480's on eBay since that is the only place to get them really.

Thats only about 150 mhash, maybe a but more if you get into BIOS editing and memory straps.

I think everyone here with at least a RX 470/ GTX 1060 should be mining whenever they can.

I mined 1 bitcoin with a 9800GX2 back in 2011 and today that 1 bitcoin is worth over $2900.

Eth is going to the moon might as well get in on it.

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>>129438881
its just like stocks essentially, you buy coke stock, it goes up, you sell coke stock and get cash.

it's worth it if you can score coins early and sell them to others when the price increases. better choose carefully goy, only a hundred or so choices now!

>>129438881
Dude... I know a guy that just bought a 200k house with money from bitcoins.... he bought in way back around 2011, had 100 bitcoins and held on to them till recently.

There was a bit of trouble getting the 200k USD withdrawal but he did manage it.

Its not a meme if you can get tangible results/money from it. Which you EASILY can. The exchanges are much more stable/reliable now than they were a few years ago....

>>129438965
ETH is even more of a scam than bitcoin. Currency based on ETH works like me sending you an EMail saying "IOU 1$" signed with PGP (what they call "smart contract").
And that's exactly what these tokens are "worth".

>>129438790
Dash has instant transaction.

>>129438991
To an extent sure. But with stocks your money is backed by a tangible company with real assets. Crypto currency has nothing backing it whatsoever.

>>129437695
Unless you are mining with ASIC machines at a large enough scale to make economy of scale worthwhile and have access to cheap electricity then it's a meme.

If you wanted to mine, you should have been doing it in 2012 already. Mining hasn't been profitable for people with consumer-grade hardware since 2013.

>>129439156
t. complete imbecile

>>129439474
Autism, the country, tried something similar with DEmail.
"Pay us a few cents [way less than an Ether] so the gubbermint provides an infrastructure that guarantees delivery and authenticity for EMails".
Guess how this worked out.

>>129439436
Well then AMD needs to start investing in hardware specifically made for crypto mining then, because I'm sick of these mining faggots buying up all of the GPUs.

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STOP POSTING ABOUT CRYPTO ON /POL/ NOT YET IM NOT DONE ACCUMULATING

>>129438965

I have a GTX1080 and a 970m i could use for mining, hell the 1080 i could use 50hrs a week.

Is it even worth bothing with bitcoin and eth with this?

>>129439763
Get with the times. The first commercially available ASIC machines for mining bitcoin went on the market in 2013 afaik.

>>129439946
Yeah, it was called the Jalapeno or some such shit. I heard it was trash, which is why consumer cards are still the preferred method for most.

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buy niggers and make them do the mining work for you

>>129439946
get with the times, no one except the chinks mine BTC, everyone else mines other coins with GPUs (not ASICS)

>>129439875
You need to be running the 1080 anytime your not playing on it, only issue is you might need to use older drivers with NVIDIA cards for best hash rate.

Also, I've heard the 1080 is slower than the 1070 for mining because of the GDDR5X memory. The 1080ti is faster than the 1070.

970m is meh, I pm not sure I'd want to run a laptop card almost 24/7.

>>129437695
people that shill for cryptocurrency are literally just pool sharks. they're trying to hustle you,

>>129439436
Kek this is old info and not relevant to 2017.

Etherium is not feasible for ASIC mining because of the DAG size, over 2GB. They made it this way so that you could not use an ASIC.

Now with ETH trading at $340, do. you see how one might want to get in on that? Especially if not too long ago you could easily buy RX cards for cheap

>>129438766
Kek, that's a good one anon. Where'd you get that, 2014?

>>129441121

I have forgot how to do anything with bitcoin, i messed with mining and moving fractionals around back in 2013 but lost interest, i found a paper wallet and key i had the other day.

1vpe7ya73VPiBTe8PSfpTMCQwdaWT2Xi4
>0.00007005 BTC
About 2 cents US i have from 2013, im rich lel.

Fucked if i know how i would get those fractionals from that address, i take it i need bitcoin software and to put the security key from the paper wallet in it and send them to another wallet?

So as long as nobody gets that key that address is safe? If i got a mining setup going on that 1080 i could send the output to that addy right?

Always found bitcoin confusing as fuck even when it was explained.

>>129438965
Why dont you just run AWS vms?

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don't believe his lies

>>129437695
You spend more on electricity than you gain from mining. That being said, you are counting on the appreciation of the currency in the long run. Since each cryptocurrency is a finite resource, it's value will increase until it is all produced (which will take quite a while). The only value it has is that people are willing to trade it.

So: If you believe the currency will continue to be traded in the long run, and it is, it is a good investment. I've made about $20k on bitcoin, but I sold early, could have made a lot more. I sold when it looked like countries were going to ban it. I fucked up.

>>129437695
It's a meme currently because of cost effectiveness.

>>129438407
Using bitcoin as a currency for exchange is a meme, but using it as a trading platform is potentially extremely profitable. Fees are lower, volatility is higher, market is far less regulated.

For example, insider trading is legal with bitcoin.

>>129438154
If by "Get in NOW" you mean "Get in 5 years ago" then I'd agree. It basically already exploded.

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>>129441650
buying the herbal jew is legal with bitcoin
how does pol feel about that

>>129441704
Only in legal states. In most possessing it at all is a crime, and so is trading it for other shit.

You might slide past dealer charges with it, but bitcoin is treated as property by federal law so I'm not 100% sure.

I don't even smoke so IDGAF

>>129441121

From when i very breifly messed with it i think i managed to put a few computers and netbooks in a pool, couldnt i just pool the 970m sometimes and run it at a slower hash rate as to not fry the laptop?

Wondering if its better to jump in with eth or something else rather than mess with bitcoin again.

May have had a couple of hundred if not thousand doge at some point, think they are lost now though

>>129441704
I'm high right now and I purchased my stash with American dollars. Better ban paper money!

>>129441541
It's been explained that it's not financially feasible, no one has been able to turn a profit using any cloud based system.

>>129440079
ASIC miners get better power usage, but not better upfront cost.

In theory if you get industrial power rates you can run a cost-effective bitcoin mine in some areas, and ASIC machines make that a hell of a lot easier.

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>>129441597
>If you believe the currency will continue to be traded in the long run, and it is, it is a good investment.
it's back by nothing -- more "fiat" than jewback

that, and (((they))) won't let it take a hold... to say nothing of its finite nature being it's very Achilles heel (you need MORE currency as time goes on)

the only thing Bitcoin et al. will do is pave the way for said crypto-currencies for more officially sanctioned varieties -- allowing (((them))) to eradicate tangible money (as they're already doing) and control seize absolute control over the planet's wealth and transactions

>>129441650
Bitcoin fees are horribly high compared to other expensive shit like WU or the Pal.

>>129441829
I'm just joking although bitcoin got me some great pot years ago.
I hold it now and hope it keeps growing.

I'm looking into mining alts and support a couple small alts. I've been digging vertcoin lately, it's a bitcoin copy that stays asic resistant, no premine has been around a few years and has segwit.

>>129438831
this

>>129441850
I'm not sure if you can manually throttle, but it sounds feasible.

Yes you can pool it.

I also had some huge amount of doge but it's lost forever.....

holy hseeet eth jumped
simplyin buyig it with $ would ve been higely profitable
but now its dubious

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Anyone here own some niggers I got 8

>>129439156

retarded nigger

>>129441597
Wrong, anyone with decent hardware (most mid to high end AMD cards) can mine eth right now and make a massive profit compared to the electricity used.

>>129442040
litecoin is still under the thumb of the chinajew scrypt asic chip producers and miners

>>129441982
If you use an exchange it's only ~0.2% per trade. I'm not talking about wallet transactions here.

>>129437695
What are stocks, debt, bonds if not crypto currency? Something that it's hard to trace and we don't know where money is aka money doesn't exists, it only exists in numbers. We need to go to paper money bound to one country and only one country, everything else is 100% scam.

>>129442122
You can still mine it, if you have the hardware. That way if the price jumps, it's great news, not bad news.

>>129442127
what exchange?

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you can't be a true /pol/ack without owning a nigger

>>129442158
Nope. You don't get enough btc/hr to even pay the electric bill. Professional farms only produce at ~70% efficiency even after the recent boom.

>>129437695
>Is crypto currency mining a meme?
Crypto-commodity, actually (only governments can issue currencies), and no.

>Will it have impact upon the global economic system?
Yes, the same that any other value store/safe haven investment does.

Think of it like metals. That's all it is.

>>129438881
>real money
There is no such thing since kikes removed the gold standard.
Even with gold, it's only worth what people are willing to give for it.
You can't eat the stuff.

>>129442257
Ugh I don't know much but I think the answer is waveswallet

>>129442272
That's like RPG, but where your character can get hacked and you lose all treasures you collected from dead dragons.

>>129438881
You do realize hundreds of millions of dollars are exchanged between bitcoins and dollars on a daily basis, right?

>>129442371
but they are just niggers

>>129442272
I got me some niggers. This is the only time in history where niggers are going to the moon.

>>129442293
believe me miners are making money, especially with asicboost and cheap ass electricity in china

>>129442224
difficulty jumps too
ALL Amd cards are sold out to miners and 1070 are being bought out now too

Im doubtful about jumping into mining now

>>129442272

You wouldn't download a nigger.

>>129442293
Dumb kike you're wrong , did you not see where I said "ETH" as in etherium?

Everyone knows that you can't mine damn bitcoins anymore..ll

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>>129442509
I did and now I own 8 fucking niggers

there's a handfull of fintech companies working for the major banks here. blockchain is a great concept, but they want ctrl.

ethereum is kind of a meme and when it cracks I hope it doesn't take much of the market with it

>>129442490
I found a black door into mining no one noticed, AMD SKY cards, i loaded up on them for so little money, essentially dual 7950 cards, similar to 7990.

Got to think outside the box.

>>129442569

inb4 your computer gets [BLACKED]

>>129442569
i have 0.2

>>129442665
don't worry they are kept locked up when not picking my cotton

Get a job you parasite.
also

>>/biz/

>>129442674
https://blockchain.info/address/1vpe7ya73VPiBTe8PSfpTMCQwdaWT2Xi4

I've got 2 cents in bitcoin, how much do you want for a piece of nigger?

>>129442604
Isn't there something besides the blockchain that ETH offers?

>>129437695

yeah its a meme

>>129442824
ASIC resistance

>>129442899
No I mean financially, not technologically.

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>>129442809
i am already a poorfag in nigger terms. ask this man>>129442569

>>129442483
This is why Trump needs to hurry up with deregulating coal here, if our energy pries went down by a lot it would be huge.

can someone please send me some niggers? 3PLDdEatE2Wtm11RE4hTasSFV2V9JyWi96c

>>129442809
>I've got 2 cents in bitcoin, how much do you want for a piece of nigger?

Oh actually its 20cents, holy shit i might have enough bitcoin to buy some gum or something.

>>129438699
Yeah but like the Bitcoin is like the highest valued fiat currency amongst the like non-fiat currencies.

>>129442809
and if you're planning to multiply this amount you have right now and not invest physical money, go on livecoin

>mining bitcoin is actually a way for the NSA to make people use calculating power for a pittance

>>129442431
How do i measure 1 nigger? Do i measure it with gold or with dollar. But do notice that if i measure it with dollar you defeat the whole purpose of this currency existing.

>>129443062
i had 50 cents of Potcoin which turned into $3 just by sitting there

>>129443010
Id send you 0.00002005 bitcoin you could exchange to niggers if i knew how to get them from that addy.

>>129443217
I think you measure it in either waves or bitcoin

>>129443217
>you defeat the whole purpose of this currency existing.
Just like real niggers

in 2017 there is no way you can mine enough bitcoins to do anything with, you missed the golden era and the boat.

>>129443145

Thats a possibility desu, what could i even do with 20 cents though.

>>129443289
If you really want some niggers you can get them for free
>>>/biz/2381611

>>129441982
He's talking about speculating and trading for profit, not actually making use of BTC.
Crypto trading in general is extremely profitable if you know what you're doing.

Just fucking buy cryptocurrency OP. You will fair a lot better than mining.

Unless you have free electric; but even then it's just meh.

>>129437695
>Is crypto currency mining a meme?
at this point yes
unless you have a botnet

>>129443336
>If you really want some niggers you can get them for free

I live in the UK, we dont need anymore.

>>129443292
Who decides how much is bitcoin worth? So if your current financial system in place decides that, then you ain't creating new thing, you just created another globalist thing that just happens to not be a dollar. So who decides how much is bitcoin worth? And don't tell me bitcoin decides how much is bitcoin worth, because that's like me crowning myself king.

>>129438407
we'll if it becomes that mainstream grocery payments would be off chain or using a payment processor therefore no wait time for confirmations. You really only need onchain payments for things that could theoretically be censored. In the future onchain transactions will mainly be to close payment channels.

>>129443489
dude nigger coin is just for fun

>>129438881
> real money
And how does real money differs from bitcoins?
They have coverage in good, gold for example, except $ because they are in debt, printing money all year long and it barely have any coverage in gold.

But yeah, (((real money)))

>>129443566
So is bitcoin. If you want it to become more popular like bitcoin you have to spread the nigger coin for another 10 years.

>>129442975
there's a lot of big claims but I haven't seen anything like a killer app
When the first "killer app" DAO got exploited they reset their chain and proved their ledger isn't immutable

>>129438790
steem.

>>129443774
bitcoin isn't just play money though

>>129443489
people put work into mining, they use electricity and hardware which secures the active ledger
the freedom to transact also gives it some value, especially when banking laws are getting more and more ridiculous.

but the bottom line is it's worth what people are willing to pay, as long as the ledger is secure and still being used it has some value.

think about why gold is valuable, it takes effort to find and it's limited in supply
some people call bitcoin internet gold because of those properties and ability to transact anywhere in the world at any time

>>129444175
The game just got serious. There are many ways to get screwed, but there is only one way to invent truly new money, by creating new financial system. Bitcoin works in old financial system, so you just reinventing the wheel, nothing else.

>>129444144
good numbers. my steem is locked

>>129438053
Hah,0.01$/unit electrucuty biatch.

>>129443997
I only have a terse understanding of crypto, but wasn't there a fork of ETH because of the incident you're talking about? A "purer" version or something.

>>129437695
It is nigh impossible to get ahold of certain cards. All that you can get right now are shitty nVidia cards and AMD cards with higher TDP.

>>129444299
why? advertising outside websiteis illegsl

I OWN TWO NIGGERS AND NEED A WAY TO GET THEM TO WORK

>>129444452
Good fucking luck

>>129444287
Gold is valuable because of historic reasons and especially because human decided to be worth more. Gold at end of the day is like another rock, human just chosen the gold to be worth something, because it was passed on through centuries. Of course international elites decide how much gold is worth and how much they willing to share with you, since be assured they have hidden money reserves or speculate what isn't there to keep the worth more worthy, since regular stone that is abundant isn't worth much, namely because it's so abundant. So you telling me some bitcoin will decide itself how much is worth on some new terms they self created. Money should only be worth as much as workers work and create wealth for everybody. Putting any money's worth on anything else than well-being of people's creation will give you poverty.

>>129444294
not really, the worth of bitcoin is related to its own supply
you can measure it in dollars but that's just because money can be compared to each other. Bitcoin is more similar to gold than to dollars, because you can't just print bitcoin. However, it's also very similar to tulips which were the culprit of a bubble in the middle ages. Their value kept rising until it was revealed they would become useless. In the case of tulips, it was that they'd die and become withered. In bitcoin's case, if it's a bubble, I don't know what will pop it.

>>129444404
well not exactly locked. it's just that i made my account on phone last month and copy pasted the password they generated. but they keep saying wrong password. you cannot even change password so i'm stuck.
tried making second account with pc but they need my phone number for verification and i have only one phone so

>>129444396
yeah there is ethereum classic which is the original chain, it's worth like 8% or 10% of what ethereum is worth
I don't think eth classic has the same developers as ethereum

I don't like ethereum because I don't think it can scale to what they claim it's going to become, and the transaction cost isn't worth what some Dapps offer. For example the ethereum casinos have transaction costs for each bet. Every bet is put onto the blockchain and takes up memory on every computer as a transaction.
If it can scale all the activity and they have it figured out and I'm wrong then more power to them it would be a cool way to do things.

>>129444287
what about 4chan gold passes? :^)

>>129444694
That's the whole point, you shouldn't be able to measure it in dollars, only in materials. This means bitcoin is tied to dollar and current financial system if you can measure it with dollar. In effect you created nothing outside of system.

>>129444804
you can measure gold in dollars too

how do i lash new nigger?
im new to this

>>129438790
beancoin

>ITT no coiners coping
Just says its a scam to newfags, I need a good 2 more years to be a millionaire.

>>129444844
Yeah, but gold isn't another money of some financial system. You don't want to be tied to another financial system if you want something new. You should work outside of current financial system, only this way you purpose is of any purpose. If bitcoin can be regulated by establishing elites, then you ain't creating anything new.

>>129444452
Have you tried hitting them?

>>129444804
for it to not be measurable in standard currencies it would have to lack real world economic value, like the play money from EVE

>>129444568
so we should go back to trading valuable items, 20 chickens for a wagon?

there needs to be a system that people agree is worth something. To make sure that system isn't corruptible, you make the code open sourced so everyone can either agree or disagree with the distribution. You make it decentralized and so that anyone can participate, and you make it secure so it can't be edited or forged.

>>129445009
that makes no sense to me
elites can't control bitcoin any more than they can control gold

>>129444144
Nice digits. Will hold steem

>>129445089
for his system to work, the dollar would have to be worthless to the ones operating in bitcoin, otherwise you can always find an equivalence

>>129445095
banks are coopting blockchain, it will be another currency/algo, bitcoin is not even future proof and its not decentralized enough
consider this a testing period for the global e-currency

>>129445388
if banks can compete with current blockchains more power to them
the current banking system is so corrupt that it's giving bitcoin value

when people have a choice they will choose one that works best for them

>>129444744
>and takes up memory on every computer as a transaction
So the underlying currency is reliant on HDD or SSD space? Seems like we need several more innovation cycles in that sector for that system to be feasible. I don't know what kind of scale would be needed for all of the transaction in all of the world, but I imagine it'd be beyond even exabytes.

>>129442661
>AMD SKY cards
they were expensive, if you couold find someone dumping them for cheap maybe
and not sure about power drain of old cards

even all the old 390/290 are being instantly bought by miners

I should've invested into Furys when they were on sale for ~200

>>129445095
>>129445017
Socialism didn't had foreign banks, foreign supermarkets, neither did it have foreign money on its land. This way it was cut off from global financial system and had its own financial system. Stocks and money value in states didn't influence our money/market. When you wanted to trade with foreign companies you would exchange to materials or get papers you would turn into your own cash immediately on borders. So of course when you delay with anything, then you imply another financial system who manages this. So Mussolini/Hitler created own financial system too because they were tired of American financial crisis influencing them, like for example Black Friday.

>>129445388
that's different and actually an argument
well done

>>129445630
I believe so, they say they have solutions to it something called sharding but I don't know how that works.
They also want to switch to proof of stake so your stake in etherem plus your computer confirming updates would confirm the chain vs mining by solving hashing equations

that's why right now I support a light blockchain like bitcoin and others that limits it's network to 1mb every 10 min. This way you can confirm every transaction on the main chain and have 2nd layer payment options for additional transactions and applications

>>129445571
Im afraid global banking/finance system wont let that happen, it wont be independent, they are going to use it themselves and later on some version will become the one and only global system and all the alternatives will be killed

>>129437695
>Is crypto currency mining a meme?
Could be worth it if you live in a cold country with cheap electricity where you want to use the waste heat to warm your house anyway. Obviously you wouldn't a huge farm in the Australian desert.

>>129445829
you mean Black Tuesday, Black Friday is the discount day lol
and the USSR actually looked at the US to set values, because there was the problem of value in a non-capitalist system

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https://blog.bancor.network/bernard-lietaer-joins-bancor-protocol-foundation-as-chief-monetary-architect-2ff9d06e8e01

>tfw you will retire in a few years with your ETH, GNT & BNT portfolio

>>129445829
> An apparent verification of these errors was seen in the experience of the socialist governments of Soviet Russia and Nazi Germany. People do not realize that these were not isolated socialist systems. They were operating in an environment in which the price system still worked. They could resort to economic calculation on the ground of the prices established abroad. Without the aid of these prices their actions would have been aimless and planless. Only because they were able to refer to these foreign prices were they able to calculate, to keep books, and to prepare their much talked about plans.
http://oll.libertyfund.org/pages/mises-on-the-impossibility-of-economic-calculation-under-socialism

Sorry to quote a lolberg

>>129446110
these blockchains have resistance and security built into them being killed
It would take a global effort in every country stamping out each node and miner to kill bitcoin
That's a lot of effort especially the bigger it gets

I hope the globalists don't get their way and I believe we have a chance to beat them here.

>>129446139
There were many black days:
https://en.wikipedia.org/wiki/Black_Friday_(1869)
https://en.wikipedia.org/wiki/Black_Monday_(1987)
...etc.
USA got right after WW2.

>>129446030
I'm just trying to imagine the implications if one source could record all of the transactions at one time, and that seems like it could give that one source even more power the federal reserve, and they'd know everyone's buying habits, possibly affecting stocks and even supply.

Probably quite a bit beyond the scope you were trying to go though. It's something to ponder though as we move forward with this tech. I'm used to seeing currency as "credits" in video games. Not sure if I want that to be the main measure of my wealth. Too dystopian cyberpunk for me.

>>129438154
crypto fiat is here m8. it starts tomorrow https://bancor.network/

>>129446563
The one that shook the world was the 1929 Black Tuesday though

>>129446438
Yeah, you are quoting from liars. Then why did they start a war and cold war if they had everything under their control? Because we blocked them.

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>>129438053

>you're going to actually lose money between the setup and electric bill compared to your gains

nope, graphics card mining is ridiculously uncompetitive right now. youd be able to pay off a mining rig in 2 months at these rates.

https://whattomine.com/

>>129446612
yeah I can see how it can get sketchy, some blockchains have privacy built into them like monero but the transactions cost more memory than the average transaction.
I'd hate to have everything tied to my identity, especially on a public network.
If the current banking standards of know your customer and anti money laundering law get into every "approved" blockchain and they sell your information like many websites and consumer rewards programs do it's going to get real weird

>>129446772
lolbergs didn't start wars though
and the USSR did a lousy job of giving the people a good standard of living, the workers in le ebil America saw their conditions improve a lot more than the socialists. That's why the modern left is based on identity politics.

>>129446882
then we return to gold once again :^)
https://www.youtube.com/watch?v=l_3_9zK4y-Q

File: Russia urban-rural population.jpg (260KB, 945x1010px) Image search: [Google]

260KB, 945x1010px

>>129446931
Oh right, now you will tell me how Russia is doing better now. Soviet Union not only gave them better standard than zero standard under monarchy, they also gave them land where they could grow it themselves. No we didn't had car/airplane supermarket transportation you banana retard. Of course there were no milkas or pineapples in supermarkets. Revolution started because people didn't had anything, not other way around because they had everything.

>>129447022
haha yes
nice talking to everyone, I'm going to bike some trails before it gets too hot outside

>>129441981
You're sort of wrong. You don't necessarily need more currency with a cypto. Bitcoin is divisible down to 8 decimal points. So 0.00000000<-

While there is a finite number, the fact that it is so greatly divisible means that it in effect does have flexibility even when that point has been reached.

>>129437695
It's a complete meme because there's zero reason at all to use this shit as a currency, it's hilariously inefficient in regards to power consumed to thing put out, and the only impact on the global economics it'll have in its current state is driving up the price of your power because dipshit down the street is drawing 5 housholds worth of energy before his home burns down from an electrical fire and wrecks your property value.

if i have access to free electricity and 10 thousand dollar for hardware how much i will make in a month?

>>129447579
8 bucks if running 24 hours 30 days a month
the hell if we know
but right now only the people with hardware optimized for mining coins can profit from mining.
people who developed those hardware for mining do not sell it.
the ship has long sailed.

>>129447140
Russia isn't doing better now, the transition to capitalism destroyed the economy. Perfectly fine factories were repurposed with huge costs, for example a calculator factory was turned into a pan factory if I remember well. And there was a lot of nepotism in the assignment of state property. Oil reserves being sold for chump change, etc.
Without the Russian revolution people would be much better, it actually stalled a lot of progress in the beginning. The Royal family was already making efforts to modernize the country.

i just bought 470 niggers
>>>/biz/2381611

File: 1496657129551.jpg (59KB, 408x439px) Image search: [Google]

59KB, 408x439px

Where are you guys buying all these weird new coins?

>>129437695
altcoins are the future faggot

>>129438790
Nigger (NGR)

>>129442324
This. Invest in an apiary instead. Honey is the best alternate currency.
>Always has value
>Never spoils
>Edible
>Antiseptic
>Natural antihistamine

Alright I've got some nigger coins, what can I do with them now?

>>129437695
It only really works if you are on the ground floor of a pump and dump scheme. Otherwise a mature coin will have you spending on gear and electricity as much as you earn.

>>129438965
r9 290 OC'd, i get about 5+$ per day just mining eth, i plan to save up the profits to buy an actual mining rig