Bitcoin takeover?

[Rais]

Or if you live on a military base with free electricity you can have at it.

[Vyal]

But you can hide miners in forum signatures and avatars so really you don't need any electricity. Anyone who see's the image mines for you and no need to buy anything...

Why is the party over, I don't get it..

[KagatobLuvsAnimu]

It's about 2 years too late...

[Kimm Bare|y]

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[Ele]

Originally Posted by Vyal [You must be logged in to view images. Log in or Register.]

But you can hide miners in forum signatures and avatars so really you don't need any electricity. Anyone who see's the image mines for you and no need to buy anything...

Why is the party over, I don't get it..

The amount of time and energy required to actually mine a bitcoin is more than their value.

Play the market and buy low, sell high if you want to get into bitcoin. Or try mining one of the alternative crypto-currencies which still has a good ROI for mining.

[Orruar]

Originally Posted by Vyal [You must be logged in to view images. Log in or Register.]

I was thinking of using a Javascript miner on webpages then having everyone load it on their phones so it mines all day long. Get 20 pc's and 20 phones all mining for the same account...

Bitcoins are mined by ASICs (application specific integrated circuits). CPUs are so terribly slow at running the hashing algorithm that even if you got 1000 PCs all running at 100%, you'd make like 4 cents per day. Now if you could somehow tap into people's GPU, you might be able to mind some of the Scrypt coins at a decent rate.

[Zombiehasslehoff]

Originally Posted by Vyal [You must be logged in to view images. Log in or Register.]

But you can hide miners in forum signatures and avatars so really you don't need any electricity. Anyone who see's the image mines for you and no need to buy anything...

Why is the party over, I don't get it..

The processors being used for mining now are specialized for SHA256 hashes and are in the 3rd generation of chips. A i7 processor might get you about 15mh/s or about with proper cooling and one of say antminer's second gen chips for example will get 2200mh/s.

Think of it this way there's a math teacher and he is holding a lottery every class period. You can enter as many times as you want but you have to finish a math problem in that period for every ticket. You also goto school with thousands of millionaire kids that can pay experts to do the work for them and don't tell anyone else how they do it. You, the guy mining with your cpu is the potato in the back that would be drooling but you just ate a roll of toilet paper.

If hiding miners in ads were profitable all of our computers would be at full load as soon as they connected to the the Internet. It's been tried before its considered malware and usually ends in litigation.

[Joeport]

It only make sense to buy bitcoin at this point, although it's way to much money at the moment for any kind of reasonable investment.

What you really want to be doing is looking for the next bitcoin. There's a bunch of alt coins out there looking to take this spot. You just need to find which one has any longevity. I invested in some reddcoin seeing how they are aiming at social media websites to spread the coin and what not.

[Swish]

Originally Posted by Zombiehasslehoff [You must be logged in to view images. Log in or Register.]

The processors being used for mining now are specialized for SHA256 hashes and are in the 3rd generation of chips. A i7 processor might get you about 15mh/s or about with proper cooling and one of say antminer's second gen chips for example will get 2200mh/s.

Think of it this way there's a math teacher and he is holding a lottery every class period. You can enter as many times as you want but you have to finish a math problem in that period for every ticket. You also goto school with thousands of millionaire kids that can pay experts to do the work for them and don't tell anyone else how they do it. You, the guy mining with your cpu is the potato in the back that would be drooling but you just ate a roll of toilet paper.

If hiding miners in ads were profitable all of our computers would be at full load as soon as they connected to the the Internet. It's been tried before its considered malware and usually ends in litigation.

lol'ed hard [You must be logged in to view images. Log in or Register.]

[Argh]

I hear people are moving out west in search of gold.