Bitcoin Mining

A place for general discussion
Forum rules
Be Nice. NO POLITICS
Post Reply
User avatar
Easydrinker
Valued Member / Donated to SS
Posts: 6703
Joined: Sun Feb 17, 2019 8:15 am
Location: The Hills of Lowland Scotland

Bitcoin Mining

Post by Easydrinker »

Now, there is a thing.
Had I started 20 years ago, I would now be rich. Then a Bitcoin was 8 cents, or lower
I can currently earn $8 a day for my resources, and a Bitcoin is $49,288.20.
Some things grow wings and fly.
But is it real and lasting?
Or the world going tits up?

Robert.
There is no ONE way.
"Everyone's happy. Everyone's smiling. No-One here is sad anymore" :D
User avatar
Windoe
Valued Member / Donated to SS
Posts: 274
Joined: Fri Sep 20, 2019 8:54 pm

Re: Bitcoin Mining

Post by Windoe »

Easydrinker, being philosophical, is it better to have loved and lost, or never loved at all?

https://www.theguardian.com/uk-news/20 ... es-howells
User avatar
Windoe
Valued Member / Donated to SS
Posts: 274
Joined: Fri Sep 20, 2019 8:54 pm

Re: Bitcoin Mining

Post by Windoe »

Now the real challenge is to make a still that uses the waste heat of the mining computer.
Would you get alcohol or Bitcoin as the by product?

I suspect you would have to distill under a vacuum to lower the boiling point. Currently the electricity needed to mine a Bitcoin costs around £15,000. So if you were able to use most of the waste heat you could be awash with ethanol just to make one coin.

Full disclosure, I own just over 1/20 of a Bitcoin in the worlds biggest Ponzi scheme!

https://en.wikipedia.org/wiki/Ponzi_scheme

One day the world will wake up and see the emperor has no clothes!
User avatar
Easydrinker
Valued Member / Donated to SS
Posts: 6703
Joined: Sun Feb 17, 2019 8:15 am
Location: The Hills of Lowland Scotland

Re: Bitcoin Mining

Post by Easydrinker »

I would hate to be awash with ethanol!

Robert.
There is no ONE way.
"Everyone's happy. Everyone's smiling. No-One here is sad anymore" :D
Post Reply