Re: Newbie Friday - Ask All Your Bitcoin (Newbie) Questions Here!
Anyone can ask any question that's burning on your mind!
I have a question!! Shall i count those posts as constructive or as post padding?? :p
Depends. Id say a post that is helpfull should be considered constructive no matter how long / short. On the other hand I wouldnt say a bump is constructive in any case.
if my computer is basically 3 years old, is it powerful enough to even try to mine, and im mean through a co-op, is there anyway i can/will make a contribution? im not expecting any huge return on my mining efforts, but if i can add a millionth or something everyday it still seems worth it too me.
It might seem worth it to you, but the electricity bill will convice you that it wasnt*. Your only chance with a GPU is a fresh alt coin. Which to choose though? I wouldnt know, might check the alt section out.
* If you are now thinking: Yeah, but I live with my parents or someone else that pays for electricity. Consider this: why would you use 50$ worth of electricity a month when you could buy the same amount of BTC for less? IIRC the 50$ wasnt calculated for GPU mining but for an older ASIC, so in your case the numbers will be even worse. And no, just because your computer is on anyway its not using as much electricity as it would while mining.
-snip-
My advices:
- Hold it (you won't get more bitcoins, but more value comparing to fiat)
- try lending, see section Bitcoin Forum > Economy > Marketplace > Lending
- invest some part in HYIP - check my signature (but its risky, as all hyips)
My advices:
- Hold it (you won't get more bitcoins, but more value comparing to fiat)
- try lending, see section Bitcoin Forum > Economy > Marketplace > Lending
- invest some part in HYIP - check my signature (but its risky, as all hyips)
HYIPs are bullshit. No sustainble company/business can generate 4.5% revenue daily. Its just another form of ponzi and will blow sooner or later. There is this thread where someone is openly arguing that everyone wearing your signature is contributing to a scam and thus a scamer as well. Esp. if they have a ref link like you.