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2018 AOTY/DOTY Entry

Topic: Bitcoin  (Read 2178 times)

0 Members and 1 Guest are viewing this topic.

Chet

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Anyone invest in Bitcoin?
Does any work related to cryptocurrency?
At the stage of setting up mining machines?

Post it up here.
I have seen my portfolio went up/down a lot within the past 3 months.
Sale: 12Ah/15Ah Lithium Battery
http://www.norcalkayakanglers.com/index.php?topic=84409.msg959037#msg959037


***************--------------******************
2016 Kayak_Crossing Catalina Island
http://www.norcalkayakanglers.com/index.php?topic=75214.0

2016 Dune Hobie AI
2011 Red Hobie AI
Trident 15
Tarpon 140


yakyakyak

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I should've invested 2.5 years ago .... let's just say I missed the boat. 
Santa Cruz Raptor G2 <--- Simply awesome (www.santacruzkayaks.com)



         


Chet

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I should've invested 2.5 years ago .... let's just say I missed the boat.

Not yet. Only 1% of the people in the world know what this is about. If you don't trust me go and ask.
6 months ago my buddy bought some shitty crypto, that damn thing made him $15k in 2 months. wtf is what I was thinking???
Anyway, I went right in after that. I did not have a lot of money to lose so I put what I am comfortably lose. Turn out I am on +++ side.
Who knows what is going to happen next year.
Sale: 12Ah/15Ah Lithium Battery
http://www.norcalkayakanglers.com/index.php?topic=84409.msg959037#msg959037


***************--------------******************
2016 Kayak_Crossing Catalina Island
http://www.norcalkayakanglers.com/index.php?topic=75214.0

2016 Dune Hobie AI
2011 Red Hobie AI
Trident 15
Tarpon 140


sebast

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Some think that it's a bubble. E.g. http://time.com/money/4927041/bitcoin-bubble-robert-shiller/

Does not necessarily mean you won't make money - depends on the timing.
OK Ultra 4.7 (yellow)


Chet

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Some think that it's a bubble. E.g. http://time.com/money/4927041/bitcoin-bubble-robert-shiller/

Does not necessarily mean you won't make money - depends on the timing.

Exactly the reason why a lot of people stay away from it. I did too in the beginning and I wish I wouldn't.
We will see how it plays out next year or later down the road.
Sale: 12Ah/15Ah Lithium Battery
http://www.norcalkayakanglers.com/index.php?topic=84409.msg959037#msg959037


***************--------------******************
2016 Kayak_Crossing Catalina Island
http://www.norcalkayakanglers.com/index.php?topic=75214.0

2016 Dune Hobie AI
2011 Red Hobie AI
Trident 15
Tarpon 140


Sakana Seeker

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And what exactly is block chain?


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NowhereMan

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Interesting thread... I'm a crypto guy, although I don't know much about bitcoin. But I share an office with a person who is pretty knowledgeable on the technical aspects. He's in Japan this week, but when he gets back I'll see what he thinks...
The problems you sow are the troubles you're reaping.


Kurious

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Hey Chet,
I want to learn how to mine the stupid coin. And catch salmon too. My downrigger is ready too.
Lets go get them!  :smt007
Kurious George


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BitCoin is a good thing  :smt003
Pronounced in Spanish  ka·be·za de mar·t·yo
Translates to Hammerhead in English for my Gringo amigos.
....and yes that's me with a 6ft. green moray in the avatar.


"Spearos before hoes" - Silent Hunter


"Give your son a fish and you'll feed him for a day.
Teach him how to spearfish and he'll feed you for a lifetime" - Cabeza de Martillo


Chet

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BitCoin is a good thing  :smt003
Dude tell me you have another hundreds of coins.  :smt003

And what exactly is block chain?


Sent from my iPhone using Tapatalk
There are a bunch of explanations online/youtube. If you are a technical person, pick the one that explain the technicality of it.
I can find you a couple articles if you could not find it.
Sale: 12Ah/15Ah Lithium Battery
http://www.norcalkayakanglers.com/index.php?topic=84409.msg959037#msg959037


***************--------------******************
2016 Kayak_Crossing Catalina Island
http://www.norcalkayakanglers.com/index.php?topic=75214.0

2016 Dune Hobie AI
2011 Red Hobie AI
Trident 15
Tarpon 140


Eddie

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A trader today told me about coinbase to get started.  "It", computer code ledger type currency, will eventually be the truest currency.  Something has to change because the $ is another strange useless piece of paper that is not sustainable. It is strange that my client just gave me a heads up, saw an article in the sfgate about litecoin and now this on this site.  Might have to start my digital wallet.
Word to the wise if your mama aint' taught ya' "Don't stand in front of a man and a fish he aint' caught yet.  Brock Zeman song "I'm goin' fishin"

Jackson Kraken 15.7


yakyakyak

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I have a friend who bought a bunch about two years ago.  He is pretty in-tune with BitCoin tech, news, and market.  He thinks that it's going up in price, the more the miners, the slower the generation is.  Something like that.  Everytime  I talked to him about BitCoin, I always asked why he hasn't retired yet ... lol ...
Santa Cruz Raptor G2 <--- Simply awesome (www.santacruzkayaks.com)



         


MANBEARPIG

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I set up the electrical for a Bitcoin mine a few years back.  They were using every bit of 400 amps, and couldn't even keep the computers cool with 15 tons of air conditioning.  Needless to say they lost hella money and folded in a year.  I think for the mining to be productive it has to be scaled up to a crazy level, because the computers use so much power and you have to keep buying newer smarter computers as the difficulty changes.

The cooling was the biggest obstacle, and they had mentioned people having mineral oil cooling systems for their chit. 

"Opportunity is missed by most people because it is dressed in overalls and looks like work." -Thomas Edison


Chadrock

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“When I'm in a slump, I comfort myself by saying if I believe in dinosaurs, then somewhere, they must be believing in me. And if they believe in me, then I can believe in me. Then I bust out. ”             -Mookie Wilson

1st place Red Barn Classic 2010


pmmpete

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There is a huge bitcoin mining operation outside of Missoula at the Bonner Millsite, the "Project Spokane" bitcoin mine.  The humming from the building can be heard throughout the neighborhood.  The superintendent of the Bonner School District compared it to the sound that a jet airplane makes when it's winding up to take off, except it just stays there and never takes off.  The power demand is huge.  Project Spokane has been obtaining power from the large substation which used to serve the lumber mill, and they are in the process of adding additional lines from another substation across the Blackfoot River.
« Last Edit: September 07, 2017, 09:38:50 PM by pmmpete »