……
Corvair DiagramCorvair Photo
Corvair Center
home forum corvairs calendar links Corvair Podcast
California Corvairs
Clarks Corvair
Clarks Corvair
“CORSA"



Chevy Corvair License Plate
Chevy Corvair Chrome Wheel
Corvair Center Forum :  Corvair Center Phorum - presented by CORSA The fastest message board... ever.
Corvair Center 
Pages: Previous12
Current Page: 2 of 2
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: Timothy Shortle ()
Date: June 18, 2022 11:21AM

"Money. Money makes the world go around..."

Options: ReplyQuote
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: Skizz ()
Date: June 18, 2022 12:08PM

Phil, It only has a slot for money going in!

64 Monza Vert
64 Spyder Vert
2002 Chev 1500
1996 Impalla SS
Eastern NC

Options: ReplyQuote
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: cschneider53 ()
Date: June 18, 2022 09:56PM

I believe bitcoin, cryptos, NFTs, and most things of the ilk are total scams/ponzi schemes. However in the interest of fairness, BTC was just under $1000 when this thread was started.

Options: ReplyQuote
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: AlecCarlson ()
Date: June 19, 2022 03:37AM

I have a brother-in-law who mines bitcoin. He has about 500 servers running 24/7/365. He belongs to a mining cooperative world-wide. They have maybe 10,000 servers running. When one of them mines a bitcoin, it get split amoung all the members. This all happens automatically. He just does it for fun and he doesn't have to pay for the electricity to run the AC and power his servers. I think he told me he makes between $3,000 and $5,000 a month. When a bitcoin is mined, no matter where in the world that happens, that makes the next bitcoin even harder to mine. The more bitcoins mined, the harder it gets. That keeps the number of bitcoins in circulation low and helps drive up the prices. The days of mining on a home personal computer are long gone.

Alec
Dahlonega, GA
1965 Corsa Convertible Turbo 4-Speed
Restoration "In Progress"

Options: ReplyQuote
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: playerpage ()
Date: June 19, 2022 07:05AM

The only thing I know about bitcoin, is that as shady as they are, they're at least a better rabbit hole to stick your money down than NFTs.

In the short time that NFTs have been a thing, they've gone from (1) such a novelty that a kid sold a picture of his drawings for thousands of dollars, to (2, and I am NOT kidding about this) podcast ads touting their shows as "hosted by NFT A.I.s!" as if listening to them will give you street cred.

What's An NFT - By Julie Nolke

Eric C. Player
Fargo, North Dakota
MEMBER: CORSA National, Central Coast CORSA, South Coast CORSA, Vintage CORSA, Sfba CORSA, and Great Plains Corvair Club.
THEN: 1965 Monza 110, Canary Yellow - 1965 Corsa 180 Turbo, Red - 1966 Monza 110, Purple - 1967 Monza 140, Red - 1966 500 110, Black; nicknamed "Shadow" - 1965 Monza 110, Camaro Yellow; nicknamed "Silver"
NOW: 1966 Corsa 180 Turbo, Blue; nicknamed "Bluvair"
---------------------------------------
"He cautioned me not to take notes. It would not have helped if I had, as he would start a paragraph with, 'It is therefore obvious. . .'
and go on from there to matters which may have been obvious to him and God but to no one else."
-- Robert A. Heinlein, character of Daniel B. Davis, 'The Door Into Summer.'

Options: ReplyQuote
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: American Mel ()
Date: June 19, 2022 03:27PM

Phil Dally Wrote:
-------------------------------------------------------
> Had to bring this thread back.
>
> Cyber market is in free fall.
>
> Under $19,000 9am today.



Free fall?
Like how bad?
Where was it before?

-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-
WA. state, 1 mile south of the Canadian border, I am not at the end of the world, but you can see it from here.

Options: ReplyQuote
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: Phil Dally ()
Date: June 19, 2022 03:37PM

November of 2021 BTC was at $65,600.

70% loss...simply not a viable currency.

Options: ReplyQuote
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: jjohnsonjo ()
Date: June 19, 2022 05:49PM

I don't know a whole lot about it, but our son does. He went to Cal Tech, and was interned then hired by MS before he graduated. He worked in the security section for 11 years , (malware , spyware, ransomware phishing), before moving on to more challenging secret squirrel stuff at other companies. He claims there are at least 6 different countries that have the ability to blow the whole thing out of the water, instantly and without recovery. So pay your money and take your chances, not me.

J.O.

65 Corsa Turbo Vert
79 Honda XL 500S
69 Honda CL 160 D
2010 BMW F 650 GS
2003 Bounder 36D
2013 KIA Optima SX turbo-AKA ZIPPY (wife,s car)
69 Newport Holiday Sailboat
Baja 150 dune buggy cart
Coleman HS 500 UTV
2016 KIA Sorento SXL Turbo

Bethlehem,Pa


Options: ReplyQuote
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: nirvairna ()
Date: June 20, 2022 01:41PM

I would rather buy rubles smiling smiley

Options: ReplyQuote
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: cfmann ()
Date: June 23, 2022 10:39AM


Options: ReplyQuote
Re: O/T-Anybody Know Anything About Bitcoin Mining?
Posted by: viewmaster ()
Date: June 23, 2022 12:09PM

Gold, Silver, and dirt (property). Oh...and rice, bullets,and beans. =/

-m

Mike
'65 '500' Sedan 110 PG
'65 Monza Sedan turbo'd 110 SU conversion
Fresno, CA

Options: ReplyQuote
Pages: Previous12
Current Page: 2 of 2


Sorry, only registered users may post in this forum.
This forum powered by Phorum.