Cryptocurrency

Post by **TheCatt** » Fri Dec 06, 2013 2:16 pm

Coinbase hit $800 so I bought some more (<1 BTC).... we'll see where it goes.

Post by **TheCatt** » Fri Dec 06, 2013 7:49 pm

TheCatt wrote:So in about 1 day I made 0.055 LTC, or $1.87 at current prices.

As of 8:30 tonight, I'm at 0.13 LTC mined, so 0.075 LTC over the past 24 hours. Given that I fixed my video card issue this morning, I should get about 0.085 LTC / day in the future, or $2.55/day at current rates/difficulty.

Post by **TheCatt** » Fri Dec 06, 2013 8:54 pm

Wow... massive BTC drop, down to 750 across the major exchanges.

Post by **TheCatt** » Fri Dec 06, 2013 9:05 pm

Ugh... I sold my BTC at 800... then coinbase crashed, and now my account is messed up and cannot be used. Price is somewhere around 685.

Only news I heard today is that Baidu has stopped accepting Bitcoins... so perhaps a China selloff right now?

Post by **TPRJones** » Fri Dec 06, 2013 11:07 pm

That's my guess. Speculation was that the rise was the sudden interest from China, which would fit that explanation.

Post by **TheCatt** » Fri Dec 06, 2013 11:32 pm

At this point, I'm down to 1.7 BTC, but I'm up $600 cash, and the remaining BTCs are gravy. On the one hand, I want to let them ride.. on the other, I don't want to "lose" money.

Post by **TPRJones** » Sat Dec 07, 2013 12:38 am

Don't look at me, I've completely given up on trying to predict this market enough to buy and sell the highs and lows.

Post by **TheCatt** » Tue Dec 10, 2013 4:09 pm

If you want to try mining litecoin, this card is $15 after rebate, and can mine decently. I would guesstimate 0.04LTC / day, which is $1.4/day at current prices, pay for itself in a month. Eletricity is not included.

Post by **TheCatt** » Tue Dec 10, 2013 4:52 pm

OK, my USB Block Erupter arrived. I googled some instructions, and was up and running in 10 minutes.

I am getting roughly the promised/expected 360 MHash/s.

My reward level presently is 0.00031920 BTC. Will update tomorrow to see how many it generates in a day.

Post by **TheCatt** » Tue Dec 10, 2013 5:50 pm

I think I made 1.5 cents in the past hour, which would work out to 10-11 $ / month.

Paul · Post by **Paul** » Tue Dec 10, 2013 9:15 pm

TheCatt wrote:If you want to try mining litecoin, this card is $15 after rebate, and can mine decently. I would guesstimate 0.04LTC / day, which is $1.4/day at current prices, pay for itself in a month. Eletricity is not included.

Out of stock.

Post by **TheCatt** » Tue Dec 10, 2013 9:33 pm

LTC miners are buying everything. I got 1.

Malcolm · Post by **Malcolm** » Tue Dec 10, 2013 9:56 pm

Is your mining based purely on hardware power?

Post by **TheCatt** » Wed Dec 11, 2013 7:37 am

Malcolm wrote:Is your mining based purely on hardware power?

Basically, yes.

Malcolm · Post by **Malcolm** » Wed Dec 11, 2013 1:11 pm

Curious. I'm vaguely interested in finding ways to cheat now.

Post by **TheCatt** » Wed Dec 11, 2013 1:21 pm

You and a million others. Lemme know if you figure something out

Post by **TPRJones** » Wed Dec 11, 2013 1:35 pm

If you do find a way to break bitcoins, please let me know so I can sell mine off before the rest of the market finds out.

Post by **TheCatt** » Wed Dec 11, 2013 1:47 pm

Just got my instant buy authorization today at Coinbase! Now, just need prices to collapse again

Malcolm · Post by **Malcolm** » Wed Dec 11, 2013 1:53 pm

TheCatt wrote:You and a million others. Lemme know if you figure something out

Sloth is the mother of invention.

Post by **TheCatt** » Wed Dec 11, 2013 5:48 pm

TheCatt wrote:OK, my USB Block Erupter arrived. I googled some instructions, and was up and running in 10 minutes.

I am getting roughly the promised/expected 360 MHash/s.

My reward level presently is 0.00031920 BTC. Will update tomorrow to see how many it generates in a day.

Wow... today up to:
0.00046580 BTC
Which means I earned 0.0001466 BTC over a day.

Which is 14.66 cents. So that sucked. $4.40/month

Edited By TheCatt on 1386802149