http://s28.postimg.org/txaksycp9/acer_aspire_5310_laptop.jpg

Acer Aspire 5315. 15.4" - 2.13GHz Celeron 560 2.13Ghz - Vista Home Basic - 1GB DDR2 RAM - 120GB HDD

I never really understood why people hate Vista that much. My experience with a netbook running Windows 7 was actually worse.

According to their auction page, their estimate is $750,000+. I think $2.3 million is a bit too high.

Since Satoshi is an anonymous figure, what would stop someone from claiming to be Satoshi and then developing a new altcoin? Of course, if people think that Satoshi was the coin's developer then a lot of people will flock to the new coin. Perhaps it won't replace Bitcoin entirely but it could easily jump to #2 without any innovative features or technology behind it. Just the name would be enough. The Satoshi imposter could claim that he lost access to his old account or even his PGP signature and there would be no way to prove otherwise since he'd still be anonymous.

This is true. However, most open source projects don't have value directly impregnated into them. Hence I can understand why some people might get overly emotional standing up for the coin that they had invested in. They don't want to see all of their hard work go down the drain in the event that their coin gets squashed by a competitor.


Well said.

Just like the way it is possible to set settings to medium or low in Crysis to make it playable and you don't have to play Crysis every hour of every day, is it possible to set mining intensity to medium or low? And only run the miner a couple of hours a day?

Thanks.

That should result in better distribution. Because the coins that were once in the hands of a few are now in the hands of many. A lot of BTC whales sold their coins back in 2011/2012/2013 too.

I'd have sex with any man for 1 BTC.

I'd have sex with any woman for 1 LTC.

Price is lower for women because I'm straight of course.

It's probably just a hyperbole. He most likely mined hundreds, perhaps even thousands of them. But definitely not over a million.

Only a fraction of that 13 million is actually in exchanges at any given time however.

If you buy a mining contract and hold it, then it probably won't be profitable because you will end up with less bitcoins than the amount you put in. If that is your goal, then I agree it would be better to simply hodl the bitcoins themselves and your calculations seem to support this conclusion.

What you are forgetting is that you can profit by trading the mining contracts themselves.

Thanks for the replies. So do you think that people should forget about faucets? Because the last faucet I used gave me 300 satoshis every hour which I calculated to be about one tenth of a cent. So if I clicked on ten faucets every hour, that would still only get me about one cent per hour. But a minimum wage job pays about $10 per hour which is 1,000 times more than that. So even if I clicked on faucets non-stop for 24 hours, I would only make 24 cents. On the other hand, if I participated in a minimum wage job, I would get the same amount in 90 seconds (yes I did the maths).

It seems to me that the most efficient way to earn 1 BTC for the average individual is to participate in a minimum wage job and then directly convert the fiat produced into Bitcoin by dumping it on an exchange. If the minimum wage job nets $10 an hour and you participate for 12 hours a day, you should (if my maths is correct) have 1 BTC in five days. If 12 hours a day sounds too extreme, then I'm guessing you can adjust it so that putting 2 hours towards it everyday should be able to get you up to 1 BTC in 1 month flat, etc.

Has anyone here tried this method before? How easy was it? And how would this compare to say, using faucets or other methods of earning BTC?