Anybody doing anything with bitcoins (BTC) ?

wow, does WF have any quality control? dudes are blatantly posting their affiliate links.

Why would anyone serious about business even consider make 10 cents an hour with bitcoins??

bitcoins from mining < cost of electricity to have computer running

Haters will be haters I guess. This thread wasn't about negative comments about bitcoins. I don't care if it's a pump and dump, a fallacy, or a currency.

This is about the flavor-of-the-month thing here. Like H1N1. W/e. Doesn't matter. What matters is what INTERNET MARKETERS are making from it.

From what I've read, you'll want a rig with a big PSU, and a bunch of high end Radeon graphics cards installed in it (and a lot of cooling). With the Bitcoin exchange rate rocketing skywards at a frankly alarming rate, I think you could easily churn $100 a day or more out a rig like that.

Too techy for me as to the setup part, but on a pure ROI basis, I think there are definite legs in it.

Bitcoin is definitively hot and it is a great opportunity as well a a cool tool for merchants. My partner and I are about to launch a trading platform / exchanger for Bitcoin, if anybody would like to learn more, please feel free to PM me. BTW we may be looking for small investors to finance the launch

Marco

Bitcoin is awesome, use it for The Silk Road.

It's cool if You have good ATi Graphic Card, (especially 5870 - 5970 or 6990) - you can make then some decent money ( the "mining" is running in background so you can do your everyday work on your PC) 1 coin = 19.5 $ , with good hardware You can get 1coin every few days. I was curious how it works and.. after 10 hours I have 0.011 coin , but i have NVIDIA which is not good for "mining"

I just started background mining with my ATI 4650. After a half day, I got 0.01 BTC.

if you are going to venture into bitcoins, best do it quickly before the government has at it

The clock is ticking on Bitcoin - Fortune Tech

I am personally invested in bitcoin and have 2 dedicated servers, with some pieces still in the mail for one. before I started mining I bought 200BTC a few weeks ago and later sold most of it because i needed i ran into personal financial problems and needed money to buy stuff.
The big problem with buying hardware is this was my first major online purchase with so many problems. First I bought from companies that scammed me. Then I bought from a good company that didn't keep up-to-date stock information. Then I had to wait for a refund for a new order, then I had to phone to get them to ship what they had instead of waiting for everything to be in stock. Now I still have to wait for more parts.
So since spending money on the first company it has been well over 2 months since I tried to purchase everything and only now I received half.
So advice to anyone: for time sensitive things, you need previous experience with everything, or just don't do it.

I have traded for it for rather low fees and I'm in Canada so I can use cavirtex with $2 or $5 fixed fees. Yes the price is very volatile, but it has a history of being extremely volatile for many months and until it has gained more widespread use I expect volatility to remain high. However the generally monthly trend as it's existence becomes known to more is a steady increase.

It has been frustrating but also fun to setup and learn and I like the idea and believe in it. I think for immediate use it is extremely useful for any type of donation, storing value for crashing countries or anyone, and some electronic goods.

For anyone saying how horrible it is for making money by mining, you need to understand that is not really what it is about unless you want to get invested and do research. If you want to invest you can use exchanges like mtgox or tradehill to buy them now if you want to invest, but any sudden interests in it will create short-term bubbles. That is extremely important to understand.

Also, many bad things have recently been connected to bitcoin like ddos attacks, theft, drugs, bad media, and political enemies. Many of these things may seem bad now, but it will only drive price up(this happened when mtgox was previously ddosed) as it gets harder to get and will still be useful in general as its uses grow.

Personally, although I invest in it, the primary reason I put it in is because I believe it is safer to have it in bitcoin than any bank and will not be eroded by currency changes or inflation(in the long term).

there are a lot of opportunities for leveraging affiliate marketing in the emerging Bitcoin economy. I'm interested as well. (marcolav / Marco, I can't PM you as I don't have enough posts yet.)

Denny and I are working on an ebook about the bitcoin craze that's going around. It's audience is marketers and website idea guys. Then we are also going to make another product with video interviews (as well as telephone) with some people whose sites are centered around bitcoins.

WSO coming next week.

Hey guys I'm Denny, and I just finished some guru interviews, and so excited Redmatrix and I are partnered up on this, and we are cranking behind the scenes. Who wants a WSO?

Bitcoin is gonna fail big time !
Its working now, but in a year or so, the end...

I also now have a good job, we can do well

I am not interested in your opinions on Bitcoins. I am interested in what you are doing with "the bitcoin" in your marketing, if anything.

thejimy,

I do see your point. But honestly the Us dollar is no different. People still trade drugs under the table, and the value goes up and down. I believe this product is more for the bigger risk takers. But I could be wrong. We are still testing this product. Give me some bigger reason instead of your fears? Not bashing I really want to know the true fear. Cause I know Henry Ford got a lot of crap, but we drive that crap all the time now. Bring it, and thanks for your time.

By the way just for taking the time to post in here. You get a free ebook $7 value.
Get it now. NO OPT INS!!!

NOTE: Sorry link is closed. But you can still purchase for $7 bucks.

LOL, I was wondering if BTC/NMC had found its way here.

Bitcoin (BTC), Namecoin (NMC)

I've been sooo engrossed in this the last few months, I haven't even been on here. Any of you there during the NMC gold rush... man, that was insane. I made crazy money in that time, but I was mining that a week before the rush

Income at present is fairly stable. I'm making about £30 per day with 8 miners (8x HD 5870). All my kit paid for, and a Uni reunion to the Dam. Now profits are going into my affiliate sites

For anyone interested in this, I wouldn't go nuts with equipment, just test it out. Try to set up bare bones rigs (no box), and use Linuxcoin (pre-built fully functional Linux with mining software) for the O/S. Just search the Bitcoin site for that software.

Best still, try it out with your ATI card, or if you don't have one, and need an upgrade, then treat yourself. You never know, it may pay for itself. Getting a card, make sure it's at least a 5870. 5830 and 5850 are/were the favourites, but I prefer a card that will produce more for you, and 5870 takes some beating as a miner

Note, I said "may pay for itself". Nobody knows how long this gravy train will last. So don't go silly when buying equipment if you do get involved !

Here a link to the main forum. I can't see a reason why this shouldn't be allowed.. nothing illegal... to do with making money online
Bitcoin Forum - Index

I'm Chucksta there, so if you have any questions, please ask, there or here

Before I got into BTC/NMC, I ran a LOT of empirical tests, as I do with anything I get involved in. And liked what I saw, but things are tougher now (difficulty adjustment to BTC/NMC mining), so make sure you thoroughly test it yourself !

Dwave and I have made threads about bitcoins here on WF in the regular section, and the War Room. Both WR threads have gone un approved, and my other thread where I was offering free review copies was deleted minutes after it was made.

And learn about it here.

I noticed a number of your Bit websites are dead. Did you guys abandon the idea ?

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Since we're self promoting:

Here is a bot I made to automate some of the sites that pay out botcoins for watching ads: jsiBitBot

Hello there,
The mining period belongs to the past. It still exists, but the profits are to low. The cost of your computers electricity is about 10 times higher than the geration of Bitcoins(with the mining software).
What you should do is buy some Bitcoins and trade with them.
There is a fantastic trading platform that gives realy a great profit. I am not here to make publicity or to do promotional stuff, but if you are interested or want to know more about it... feel free to contact me.