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Showing 6 of 6 results by towelie
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Topic
Board Service Announcements
Re: My automotive repair shop is accepting bitcoin payments
by
towelie
on 10/12/2013, 18:21:38 UTC
Free bump for Canada and Ford!  Grin
Post
Topic
Board Beginners & Help
Re: New Bitcoin Job Listing Website.
by
towelie
on 02/06/2013, 15:31:06 UTC
When a person adds a job, does that mean that they are offering to work, or does it mean they need work done for themselves?
Post
Topic
Board Beginners & Help
Re: Prediction of my own $200 per BTC by September this year
by
towelie
on 17/05/2013, 15:46:16 UTC
Even if that become true, how does one benefit?
Are you going to cash out and then sit on sideline? Or are you going keep holding it and hoping for new high?

The smart thing to do, in my opinion, would be to:
1: get a decent mining rig
2: earn back your investment in USD or whatever fiat currency you used to start out with
3: Get upgrades to the system with what I guess you could call "house money"
4: Stop rapidly upgrading once you are at the BTC/time income you want to be at
5: Determine what amount of money you want to make from bitcoin to supplement part of your income (example: buying a new car) and keep what you don't really need as BTC
6: Seeing as the BTC to USD exchange rate is most likely going to go up the more it becomes accepted as a mainstream currency, or down if its relative acceptance just stagnates, all you need to do with your excess BTC is sit on it until you think it is the right time to sell based on how you personally have watched the market and not what some dude on a forum says!
7: Irony...
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Topic
Board Beginners & Help
Re: Free bitcoin
by
towelie
on 17/05/2013, 15:27:24 UTC
Probably a stupid question (or perhaps a stupid person asking it Huh ), but how are bitcoin faucets profitable? If they are NOT simply a charity which tries to feed small, nearly worthless, fractions of bitcoins back into the system to produce a positive effect upon how quickly people start using bitcoin (trickle UP economics I suppose), then they are most likely a means of making money for the faucet's owners by risking a little bit of bitcoin in exchange for a much greater profit, right?

I suppose my question is essentially how is a profit made by risking those small fractions of a bitcoin to so many people?

Also, seeing as my user name is derived from South Park, I am obligated to ask if this involves collecting underpants using an army of gnomes...?
Post
Topic
Board Beginners & Help
Re: Introduce yourself :)
by
towelie
on 24/11/2012, 21:32:13 UTC
Hello! I'm Brendan! I need money, so I recently started mining bitcoin!
Post
Topic
Board Beginners & Help
Re: Whitelist Requests (Want out of here?)
by
towelie
on 18/11/2012, 17:01:38 UTC
Hello! How's life today?

I have been reading bitcoin talk threads for about a week now, and just two days ago registered, although I keep forgetting to log in when I'm reading threads.  Embarrassed  So I am not yet eligible to post outside "Newbies."

I have an idea for a new bitcoin linux distro that would be combined with a bitcoin wallet and a bitcoin miner(s). Therefore I would like to post my idea in the "mining > mining software" forum
The idea I have for this new distro is basically to take this bare-bones command line only linux distro that is (initially and w/out added software) only 8 megabytes in size and add a command line only bitcoin miner(s) and possibly a wallet to it.  I need a little help with the process of remastering the .iso file available from this website to include the software I select as well as have a persistant compressed file in the .iso file (that's just the way this distro does persistance in live usb's and cd's)

Thank you for your consideration,
Towelie