Post
Topic
Board Bitcoin Discussion
Re: Bitcoin IS basically DESTROYED
by
AlexGR
on 08/05/2016, 19:06:27 UTC
So if I flip burgers and buy BTC, I'm indirectly mining BTC? (Minimum wage paycheck) => (BTC), voila?
Some twisted thinking, but K.

The vast majority of altcoins don't even have altcoin X / USD pairs. You are forced through BTC first to cash them out. It's not that big of a step, or so twisted.

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Mining BTC with GPUs is only feasible if by "subsidized power" you mean stolen, as in stolen from Mom or your national grid.

Mining (alts)=>btc (with GPU) is happening. As I said we don't need to theorize about it. It is happening. Now.


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Flat electricity bill doesn't mean you can run an aluminum smelter in your apartment, or run bitcoin mining gear, or run an extension cord to your next door neighbor, who *doesn't* have a flat electricity bill.

You are simply looking for sneaky ways to swindle your landlord, and, in the process, fuck ordinary folks who don't steal electricity, because their rents go up because of *you*.  You're actually *worse* than Chinese miners stealing subsidized power, because you are *literally costing your neighbors money.*
No wonder people shy away from bitcoiners Sad

Lol Cheesy

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TL;DR: There is no such thing as free electricity. Unless by "free," you mean "steal without getting caught."

Well someone is mining with those GPUs and it ain't the Chinese...