CryptoCurrency: Bitcoin, Ethereum, Monero etc.

Discussion in 'General OT' started by Leon21, Feb 4, 2017.

  1. hitme64

    hitme64 PhilMUG Addict Member

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    That would be someone I know.
     
  2. DON2003

    DON2003 Well-Known Member

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    this is the next big thing coming from stock market as players are mostly billionaires, compete only if you can beat or join them,
    making small profit is always good, but mind gamble is an addictive game, most ends loss big from starts making small
     
  3. suavecito

    suavecito PhilMUG Addict Member

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    Can we mine using OSX?
     
  4. Juice

    Juice PhilMUG Addict Member

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    That got me thinking if someone in our offices is doing this already. Time to check the IT department.
     
  5. sandybridge_guy

    sandybridge_guy PhilMUG Addict Member

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    What's going on fellow philMUG miners?! :D

    UPDATE:
    Built a second rig
    [​IMG]

    ...and sold it for $900 more! (y)

    3rd build:
    [​IMG]

    Also, Bitcoin is now at a staggering price of $7050!
     
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  6. jbfirefly

    jbfirefly Active Member

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    Wow! Great looking builds! Are there any guides in the net on how to build one from scratch?
     
  7. Dipp

    Dipp Member

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    Ola! been reading about this... reading lang.. maybe we all can meet so beginners like me can understand it more ? :D #justasuggestion
     
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  8. rbenzon

    rbenzon Super
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    Expect many to dump their bitcoin just before or soon after the mid-November fork. #segwit2x

    SNAFU: situation's normal; all forked up ;)
     
  9. Leon21

    Leon21 Active Member

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    Everything I learned about crypto, I learned thru reddit. Check out r/bitcoin and r/cryptocurrency; read the FAQs etc.
     
  10. rbenzon

    rbenzon Super
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    There is "knowledge", which you can Google. Then there's community.

    Yeah, there are virtual communities online, but the best communities—more cooperative, more intimate, more "family"—are usually offline. That's what Dipp may be trying to hint at. :)

    That's probably why, in spite of the dwindling views/membership, the mods will still strive to organize a PhilMUG Xmas party again.

    Real > virtual. Especially sex. :D
     
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  11. hitme64

    hitme64 PhilMUG Addict Member

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    Yeah, YouTube for one...of course Reddit..

    I have no monster miner, just a modest 6-GPU rig and a 12-core CPU...I dont even know which is which from the looks of them all spruced up like Christmas lights...

    And isnt it nice that there are still good neighbors who lend their electricity now and then, like a refilling station btw...
     
  12. sandybridge_guy

    sandybridge_guy PhilMUG Addict Member

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    There's a ton of information in the interwebs - YouTube videos, boards and forums like bitcointalk, forum.ethereum.org, and of course r/ethermining r/gpumining and r/cryptocurrency.

    You guys can post some questions here and i'll try to answer them to the best of my knowledge.

    Here's a simple checklist to gauge if you can do mining:
    You must answer YES to all of these.

    1. I know how to put together computer parts and have advance troubleshooting skills.
    2. I know how to use Google and pretty good at understanding walkthrough and DIY guides in YouTube.
    3. I have an ample space at home that I can put my miner and not worry about making that everyone uncomfy of the heat.
    4. I pay relatively low power cost (for reference, I pay $0.035CAD per kWh).
    5. I have about P100,00 - P150,000 spare money to put up as capital and not worry about breaking even in a year.
    6. I have lots of spare time and can withstand frustrations very much without smashing my rig into pieces.
    7. I don't sleep much and okay to spend wee hours of the morning tinkering my rig this during the first weekend(s).
    8. I know a bit about stocks and trading and would be willing to learn a bit (sell high buy low).
    9. I completely understand that the cryptomarket is very volatile and I'd still be okay if the coins I mined with precious electricy would have a value of zero pesos next month/day/year.
    10. My wife/fiancée/girlfriend gave me permission to do this. (mahirap magkasisihan sa huli :D)

    That list is actually 100 items long , but that's the long and short of it.

    Good luck PhilMUG Miners!
     
  13. hitme64

    hitme64 PhilMUG Addict Member

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    I actually think no.10 is the most important item on your list...hell hath no fury than a woman robbed clean of her earnings because you thought you struck rich...

    Of course, having your woman richer than you is a plus-plus...

    But when in doubt, see my first sentence...
     
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  14. Aurora_USA

    Aurora_USA New Member

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    Nice to meet you mr. Millioner(y)
     
  15. hitme64

    hitme64 PhilMUG Addict Member

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    Mine pales in comparison...but anyone who wants to make it big can start SMALL...
     
  16. guwapito

    guwapito Well-Known Member

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    the question is:

    is it too late to crash into the bitcoin party? since i can't make a rig, what are the options for me?

    i haven't read much but some of my colleagues can't answer if bitcoin is at its peak now going down or what is the projection of the currency going forward.

    if you can give me some resources to read on, i'm willing to learn :)
     
  17. hitme64

    hitme64 PhilMUG Addict Member

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    If you aren't into mining, then you might as well go buying...

    1 BTC = 6213.00 USD as of today, 1345hrs...

    I heard someone say 7-11 buys them at an optimum 20% of the price...this I got to confirm yet lest the rumors aren't true, but not in the same way that dimwit has-been starlet (she is, btw) took the ASEAN lane because she thought it would be nice to do so...
     
  18. P-M-J

    P-M-J Member

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    Awesome thread! Good job for adopting early and collecting coins.

    Any adventurous people here who are building their blockchain solution? I want to offer you my services in building the website for your product so you can present your idea and rally your ICO.

    PM me soonest.
     
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  19. hitme64

    hitme64 PhilMUG Addict Member

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    58A5F737-C295-4398-AA16-0D4E4E3909FC.jpeg
    Just enough to make a buck (and a half) a day...
     
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  20. rbenzon

    rbenzon Super
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    I am. :)

    "ICO website" will be the least of our worries, but PM me your contact details, anyway. We could use a site revamp for the 24x7 interactive TV channel that I will launch next year, where the prizes/rewards will be—you can probably guess already—our own crypto tokens. :)

    Speaking of which, @hitme64: Will contact you soon about a show for your "branch". According to my SAF cousin, there are a lot of uniformed pretties. After seeing your assistant, I am sold! :) They can be hosts because they might shoot me if I call them hostess. :D
     
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