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15th June 2011, 22:51 | #81 |
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"This doesn't happen to me often, Honest!!" |
15th June 2011, 23:40 | #82 | |
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Quote:
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Stay shook. No sook. |
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16th June 2011, 14:06 | #83 |
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Kiwi gets 25k btc (~$600k NZD) stolen by a lulzsec hacker.
mtgox helps get money back. stupid hacker used mtgox to liquidate the funds. http://www.reddit.com/r/Bitcoin/comm...s_compromised/ |
17th June 2011, 00:00 | #84 |
yawn.
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utterly retarded
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17th June 2011, 00:50 | #85 |
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What's that? Hardware for your bitcoin farm?
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Stay shook. No sook. |
17th June 2011, 07:09 | #86 |
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Nono, the fact that they got 5770s and 6770s. Should have got 5850s.
8p. Last edited by Jodi : 17th June 2011 at 07:10. |
20th June 2011, 11:38 | #88 | |
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Hmm, with all this hacking going around I'm gonna have to redo all my 8 char passwords. |
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21st June 2011, 13:18 | #89 | |
Architeuthis
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21st June 2011, 22:03 | #90 |
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Um, aren't we all wasting electricity posting on forums like this?
Why don't we just write letters to each other
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Carpe Diem |
21st June 2011, 23:33 | #91 |
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without trying to piss on anyones blanket theres quite a difference in power consumption between normal pc use and all day 100% load
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22nd June 2011, 22:36 | #92 |
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Agreed - but if you're already running your machine 24/7 there's not a lot in it - only watts (see what I did there) required to run your GPU at a fair rate of knots. (Oh, I did it again )
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Carpe Diem |
22nd June 2011, 22:57 | #93 |
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Running cpu and gpu at near 100% load uses massively more power than if its sitting there unused idling in my experience.
Overclocking pushes most devices power demands further, its a law of diminishing returns. |
23rd June 2011, 11:05 | #94 |
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Agreed,
Idle my PC uses around 120W, under load (gaming) it gets to around 400W. Its the difference between it costing around $15 a month to leave it on all the time, to it costing nearly $50 a month to leave it on. Not that I actually leave my PC on all the time anyway. Turn it on when I get home from work, turn it off when I go to bed.
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Some people are like slinkies. Not really good for anything, but they still bring a smile to your face when you push them down a flight of stairs. |
4th July 2011, 01:46 | #95 |
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Anyone got any bitcoinmarket invites at all?
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22nd September 2011, 12:38 | #96 |
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So now that you're sold up Jodi, did you make any kind of profit?
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Stay shook. No sook. |
22nd September 2011, 15:10 | #97 | |
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don't worry, I'll post when I've cashed up everything. |
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23rd September 2011, 07:54 | #98 |
Mmm... Sacrilicious
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So that's a no then.
You can't include selling the hardware in that calculation, that's not a true representation. |
23rd September 2011, 20:52 | #100 |
Love, Actuary
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It's a "no" in any practical sense and if you take into account the opportunity-cost of say working for an evening or two stacking shelves at a supermarket then it's going to come out a loss I imagine.
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27th September 2011, 08:23 | #102 |
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needless to say, Don't quit your day job.
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27th September 2011, 10:55 | #103 |
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Anyway, if one was to take the classic definition of profit (income - expenditure) then I have made about $1819 NZD.
However I'll actually look at the bottom of my balance sheet to actually see if I was better off or not. Which means I have to liquidate my assets to do so. |
27th September 2011, 11:29 | #104 |
get to da choppa
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I made $600 (Not including the cost of the single video card I bought).
But it got stolen from my liberty reserve account, so I made nothing. |
27th September 2011, 20:32 | #105 |
Architeuthis
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^ lol
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12th December 2011, 11:09 | #106 |
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How much money I made!
Right!
So, money made doing bitcoin for 10 months = $328.88 Stuff I still have from bitcoin days: 650W PSU ($200) Radeon 6950 2GB ($439) 15 btc (about $60 NZD at todays exhange rate) $30 in exchange account. 3x 4GB USB keys. Profit + Loss ========== $2995.92 (Earnings -> NZD in bank account) -$711.29 (power -> 2742.408 kWh) -$225.13 (co-investor's cut) -------- $2059.50 profit Capital ===== -$3972.42 (money spent buying mining kit) $2241.80 (money received selling mining kit) --------- -$1730.62 (capital loss, or mining kit rental if you want) So, money made doing bitcoin for 10 months = $328.88 (But if I didn't buy the 650W psu it would be $528) So, $1/day pretty much. |
12th December 2011, 11:23 | #108 |
Love In Vein
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extremely lollish
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12th December 2011, 14:06 | #110 | |
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but then again, that's just pure speculation. Doing it via mining was lower risk / lower reward. Heck, plow $4k into it now, it's predicted to go from $3 usd to $33 usd. Make mega bucks! |
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12th December 2011, 14:07 | #111 |
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Also, If I sold up my bitcoins when it was at $20 usd / coin, I would have made $3k more.
*sigh* |
12th December 2011, 17:46 | #113 | |
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There is a NZ exchange (bitnz.com), but the spread is wider than mt gox, so you'll lose money buying coins there, secondly, it's less liquid for big purchase. There is a UK exchange as well for xferring pounds, but I have never used that one. |
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9th January 2012, 07:21 | #114 |
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RALLY!
Bitcoin is now back up to 9.15 NZD/BTC (from a low of 2.4 or thereabouts). Mining is now profitable again. Feel free to jump on the gravy train again people. This time it's easier as we now have an NZ exchange (bitnz.com). I would suggest pure speculation over buying and running a miner, as from previous experience you have a high chance of running at a loss as it takes a couple of months to pay off your mining kit, and who knows what bitcoin will do. |
11th April 2013, 22:05 | #115 |
Architeuthis
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The price of these has shot up in the last few months. Currently trading in the USD$160 range.
http://www.nzherald.co.nz/technology...ectid=10876905 |
12th April 2013, 10:00 | #117 |
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saw that on reddit yesterday and went wtf is bitcoin
just read this thread /lol |
12th April 2013, 12:46 | #119 |
Marginal Poster
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of course not, its a high risk/high reward investment
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12th April 2013, 13:55 | #120 |
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Not that high risk if you generated your coins months/years ago on your gaming rig while out at work. Which, for the record, I did not, figured currency speculation was not for me.
Got a mate trying to gen up some "litecoins", seems a bit redundant if you ask me, but who knows.
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Stay shook. No sook. |