Bitcoin takeover?

[Vyal]

I been reading about Bitcoin and I guess all you need to do is run a Bitcoin miner to generate Bitcoins, right?
These things are selling @ 1 Bitcoin for 334 dollars.
With Russian economy temporary crashing due to sanction and Bitcoin trading 1 for 35,500 rubles was wandering who is involved in pools on p99, I wanna get in on this and invest like thousand of rubles in some Russian company now before sanctions end and prices return.

Is that even how it would work? I know you people are super nerds and know this shit, explain please...

[Kimm Bare|y]

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[Vyal]

Originally Posted by Kimm Bare|y [You must be logged in to view images. Log in or Register.]

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This explains everything, thanks!

[Samoht]

Originally Posted by Vyal [You must be logged in to view images. Log in or Register.]

These things are selling @ 1 Bitcoin for 334 dollars.

Just FYI: for an average American, it would cost more than $334 to power the processing required to mine 1bc.

[Vyal]

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

Just FYI: for an average American, it would cost more than $334 to power the processing required to mine 1bc.

I was thinking of using a Javascript miner on webpages then having everyone load it on their phones so it mines all day long. Get 20 pc's and 20 phones all mining for the same account...

[Zombiehasslehoff]

It's pretty much too late for the average person to get involved with mining and make a profit. Unless you can design your own chips and boards, your either going to get scammed or get the equipment too late to make a profit. Google butterfly labs to see how big of a scam one of the larger company's are.

Your best bet to make a profit now would be to buy and hold. It's pretty much at its lowest price in almost a year right now. Coinbase.com and circle.com are reputable US based places to buy from if you don't mind giving them all your personal info. After that you can try your hand at trading on exchanges or selling to your your local tech savvy druggie for a premium on localbitcoins.com.

[Red_Psyphon]

Paddy's bar dollars at work

[BulletCatcher]

Originally Posted by Vyal [You must be logged in to view images. Log in or Register.]

This explains everything, thanks!

Well fuck.. They didnt give you the exact answer? I mean they didnt research it for you? They didnt do your work? Oh my fucking god... those assholes.

[Ele]

Little late to the mining bitcoins operations.

[Bardalicious]

Waaaayyyy late to that party, sorry OP.