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Anyone know a good way to get started in Bitcoin?


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Anyone know a good way to get started in Bitcoin?
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turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2017-08-17, 20:25

I'm seeing it come up more and more. It is looking less and less like a pirate's currency and more legitimate. Anyone here use it and know a good way to start using it for normal transaction? Something like PayPal is easy because it is all the currency of your choice, Bitcoin is a different animal though it seem to operate the same generally.

Louis L'Amour, “To make democracy work, we must be a notion of participants, not simply observers. One who does not vote has no right to complain.”
MineCraft? mc.applenova.com | Visit us! | Maybe someday I'll proof read, until then deal with it.
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AmandManny
New Member
 
Join Date: Feb 2021
 
2021-02-20, 14:33

I use bitcoin only because it's really safe and trustworthy. I used PayPal but I had some problems with my personal data.
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turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2021-02-20, 14:48

Funny you dug up this old thread. I was actually thinking about BitCoin again since it's at $55k now and appears to be steady climbing.

For me I used CoinBase because it was the only "trustworthy" beginner converter I found. I only put $50 into it so I could pay $25 to someone who only took bitcoin. With all the growth recently I'm actually at $107 right now. Pretty nice if you asked me.

Louis L'Amour, “To make democracy work, we must be a notion of participants, not simply observers. One who does not vote has no right to complain.”
MineCraft? mc.applenova.com | Visit us! | Maybe someday I'll proof read, until then deal with it.
  quote
kscherer
The Ban Hammer
 
Join Date: Aug 2004
Location: Boyzeee
 
2021-02-20, 18:20

Quote:
Originally Posted by AmandManny View Post
I use bitcoin only because it's really safe and trustworthy. I used PayPal but I had some problems with my personal data.
I use Bitcoin because it's the only way to buy a ticket to Toledo.
  quote
turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2021-02-21, 10:12

You know, I almost posted that but was waiting to see what else popped up. Then notice another spammer replied so figured they were tag teaming it. (Same bot/person but two accounts is my guess.)

Louis L'Amour, “To make democracy work, we must be a notion of participants, not simply observers. One who does not vote has no right to complain.”
MineCraft? mc.applenova.com | Visit us! | Maybe someday I'll proof read, until then deal with it.
  quote
PB PM
Sneaky Punk
 
Join Date: Oct 2005
Location: Vancouver, BC
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2021-02-21, 10:59

Bitcoin mining today without an ASIC, forget it.
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Brad
Selfish Heathen
 
Join Date: May 2004
Location: Zone of Pain
 
2021-02-21, 23:27

Bitcoin mining today without an ASIC and extremely cheap renewable energy… forget it.

I've read a few times over the last year that the energy cost of mining nowadays is usually break even with the typical cost of your power bill. Whatever you "earn" is basically lost as soon as you pay your utilities.

Unless you live in Toledo.

The quality of this board depends on the quality of the posts. The only way to guarantee thoughtful, informative discussion is to write thoughtful, informative posts. AppleNova is not a real-time chat forum. You have time to compose messages and edit them before and after posting.
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kscherer
The Ban Hammer
 
Join Date: Aug 2004
Location: Boyzeee
 
2021-02-22, 00:05

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chucker
 
Join Date: May 2004
Location: near Bremen, Germany
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2021-02-22, 03:59

The best way to get started in a Ponzi scheme is to do it early, and unfortunately, Bitcoin is already 12 years old.
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PB PM
Sneaky Punk
 
Join Date: Oct 2005
Location: Vancouver, BC
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2021-02-22, 08:15

Unfortunately these digital currencies aren’t going anywhere, cause everyone’s on board for it, or so it seems.
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turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2021-02-22, 08:56

You know, at one point I did look up bitcoin mining from my computer. I thought about getting a good graphics card and going to town. Then I looked into the cost breakdown and was astounded at just what Brad said, you at best could break even. Throwing more hardware into it only costs you more a month and you still don't really break even. I mean, if you're running from an extension cord connected to your neighbor's house it is ok right?

Louis L'Amour, “To make democracy work, we must be a notion of participants, not simply observers. One who does not vote has no right to complain.”
MineCraft? mc.applenova.com | Visit us! | Maybe someday I'll proof read, until then deal with it.
  quote
PB PM
Sneaky Punk
 
Join Date: Oct 2005
Location: Vancouver, BC
Send a message via Skype™ to PB PM 
2021-02-22, 11:18

Or you do what pot dealers here used to do, hack into the power line before it gets to the meter at your house. Little risky, but totally worth it, right.
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Brad
Selfish Heathen
 
Join Date: May 2004
Location: Zone of Pain
 
2021-02-22, 19:09

This is also why hidden JavaScript miners have joined the ranks of botnets: it's far more profitable to get someone else's computer to do the work on your behalf.

Ever go to a website and see your CPU spike for no apparent reason? They're probably mining on your dime. A decent blocker like uBO should have rules to block most of the mining libraries.

The quality of this board depends on the quality of the posts. The only way to guarantee thoughtful, informative discussion is to write thoughtful, informative posts. AppleNova is not a real-time chat forum. You have time to compose messages and edit them before and after posting.
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kscherer
The Ban Hammer
 
Join Date: Aug 2004
Location: Boyzeee
 
2021-02-22, 19:41

That's malware-based stuff, right?
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PB PM
Sneaky Punk
 
Join Date: Oct 2005
Location: Vancouver, BC
Send a message via Skype™ to PB PM 
2021-02-22, 20:14

No it runs through your browser, nothing is every installed. Sometimes they hack websites with poor security and insert their own scripts, other times it's just website admins doing it. Good practice to keep activity monitor showing CPU usage in the dock. uBO is very good, far less CPU use than ABP.
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turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2021-02-22, 21:02

Or run ad blocking via Pi-hole and have crypto miners blocked on your network. That works too and there is zero CPU load added.
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Brad
Selfish Heathen
 
Join Date: May 2004
Location: Zone of Pain
 
2021-02-22, 23:46

Yeah, for example, if I wanted to be an even bigger jerk than usual, I could just embed a JS crypto miner in the base page header on AppleNova, and all of the time anyone (well, anyone not actively blocking them) spends reading any page on the site would effectively contribute tiny fractions of compute cycles that would cumulatively add up to something more substantial and go into my own wallet. No malware gets installed in your system; it only runs in the background while you're browsing pages that have the code, just the same as any other modern JavaScript, and is easy to hide among all the already insanely bloated "modern" web apps. This strategy works even better on phone/tablet browsers where blockers are less common, less configurable, and not nearly as effective as uBO.

Ironically, I can't even look at the top search result hits for the sites that offer these tools and services because their whole domains are blocked on my home network by my Pi-hole too. I was going to say "like X, Y, or Z" but I guess I'll have to leave that as a research exercise to the reader.

The quality of this board depends on the quality of the posts. The only way to guarantee thoughtful, informative discussion is to write thoughtful, informative posts. AppleNova is not a real-time chat forum. You have time to compose messages and edit them before and after posting.
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tomoe
Veteran Member
 
Join Date: Nov 2006
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2021-02-23, 01:24

javascript was a mistake.

edit: also this tweet, which i’m reminded of whenever i hear about shenanigans like the js miner libraries, amongst other things: https://twitter.com/garybernhardt/st...976997888?s=21
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