24-02-2014, 11:55 PM
My friend in china got me some USB ASIC Antminers pretty cheap
useful having friends all over
as a sideline to my Penetration Testing Career
ive got a watercooled 7990 that can mine Litecoins
the actual mining part is a massive money sink.
the currency is in its infancy, its incredibly volatile
think as of this moment its halved in price 1k$ to 500ish$ per BTC
there are 2 things for sure about Bitcoins
1)its a gamble at the moment its just as likely to go up as it is down its like playing roulette
2)there is a definate need for some level of anonymous electronic currency- this need is being driven by the criminal element - however if you commit large enough crimes to get the NSA/FBI interested they can track your coin transactions to you.
so in future some form of cryptocurrency will exist wether its BTC and what value it will stabilise at i dont know
if you were providing a service and accepting BTC would you really stake your home and everything you own on goods you sre selling for a currency that can half in a week ?
no..
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