Free bitcoin wallet, tutorial and 6 free micro-bitcoin (μBTC) at trybtc.com ** Pls DO NOT POST/OFFER REFERRAL CODES **
254°Expired

Free bitcoin wallet, tutorial and 6 free micro-bitcoin (μBTC) at trybtc.com ** Pls DO NOT POST/OFFER REFERRAL CODES **

56
Found 14th Feb 2014
Are you ready to jump the bitcoin wagon? or would like to know what it is. Here's to get you started. A simple tutorial, a free BTC wallet and 3 free micro-bitcoin (μBTC).
3 μBTC is equivalent to 0.000003 bitcoins, which is worth about 0.3¢ USD. one of those you have to give to a charity of the choice available.

I know it's not much but it's free so enjoy. It's just a food for thought in my opinion. Who knows, may be they will be worth few quids in a year.

I have searched the website reviews and ratings and it seems legit and safe. Feel free to check yourself.

Do let me know if you think bitcoin or BTC is a good investment. Do you think it's a fad or it's here to stay. Share your thoughts....

** Pls DO NOT POST/OFFER REFERRAL CODES **

56 Comments

wanted to try this so good for me

BTC was a good investment but unless the price drops to make it worth buying, tis a very slim chance it will be again.

Original Poster

Loudmouth

BTC was a good investment but unless the price drops to make it worth … BTC was a good investment but unless the price drops to make it worth buying, tis a very slim chance it will be again.



I thought of buying a BTC couple of moths ago when it was around $300-400 range but hesitated. Now a BTC is worth $744 and I'm still thinking should I get one or two. It doesn't seem like it will go down any time sooner.

lol I thought about buying some in 2012 when I first heard about them they were about £30 each. Oh god how I'm kicking myself now.

I had 100's. How I laughed at the naysayers when they hit $1200..

Do you actually use them to buy things or more as an investment?

Original Poster

Gannet

Do you actually use them to buy things or more as an investment?



You can actually use them to buy things. Think of it as a universal electronic currency.

You can actually buy stuff now (I think Amazon are considering accepting them), but back when they started it was more of novelty and for Silk Road transactions..

Original Poster

I found this useful too earn-bitcoins.com

cant get past the share page

When I first bought Bitcoins, they were going for £4 each! Hindsight is a wonderful thing eh?

I recommend Dogecoin as a new alternative to bitcoin. Its the fastest growing cryptocurrency and its value has doubled or tripled in the past few weeks.

Check out reddit.com/r/d…oin

Edited by: "dawsonnn3" 15th Feb 2014

Cool

ME1994

cant get past the share page

I disabled AdBlock and worked fine as I had the same issue.

Dogecoin is the future!

Six millionths of a Bitcoin is currently £0.00135

How very generous. They're making more from you than you're getting from them.
You'd probably be better off looking down the back of the sofa.

Cool, now what can I get for 0.3¢.

dawsonnn3

I recommend Dogecoin as a new alternative to bitcoin. Its the fastest … I recommend Dogecoin as a new alternative to bitcoin. Its the fastest growing cryptocurrency and its value has doubled or tripled in the past few weeks.



Which is kinda the problem, there's nothing stopping someone creating another next week, and theres nothing that backs up any of them in real assets so its always a risk to buy and hold them.

Even mining them costs in terms of power and cooling and you may never get that back in real terms.

wont let me use email address , says too many requests

bizjournals.com/san…tml Be careful and consider keeping wallets on your own hardware, This isn't the same but its similar.

gavin1

Which is kinda the problem, there's nothing stopping someone creating … Which is kinda the problem, there's nothing stopping someone creating another next week, and theres nothing that backs up any of them in real assets so its always a risk to buy and hold them.Even mining them costs in terms of power and cooling and you may never get that back in real terms.



wow much doge, very language.
Edited by: "anonimousse" 15th Feb 2014

anonimousse

wow much doge, very language.



Huh?

princedouroucoulis

It doesn't seem like it will go down any time sooner.



Its worth less than 40% of what was worth towards the end of January!
Edited by: "SingingDwarf" 15th Feb 2014

gavin1

Which is kinda the problem, there's nothing stopping someone creating … Which is kinda the problem, there's nothing stopping someone creating another next week, and theres nothing that backs up any of them in real assets so its always a risk to buy and hold them.Even mining them costs in terms of power and cooling and you may never get that back in real terms.


Can someone explain the concept of mining BTC ?

Bear in mind for most people the cost to generate anything is higher than any benefits at this point.

MaximusRo

Can someone explain the concept of mining BTC ?



startbitcoin.com/

bitcoin.org/en/
Edited by: "watson44" 16th Feb 2014

oooh free bitcoins, off to SR/2 to buy me some goodies, oh wait!!!!

Enchante

Bear in mind for most people the cost to generate anything is higher than … Bear in mind for most people the cost to generate anything is higher than any benefits at this point.



Not really, you mine "altcoins" such as Doge, Max or any one of the others, this can then be traded towards BTC or other altcoins, or you could offer it for sale in FS / FT on HUKD I guess

I have never mined a single piece of Bitcoin, but from mining altcoins, I now own 2 Litecoins and .97 BTC, it's plenty easy enough to mine for BTC via alternate routes, but yes, mining for BTC directly is very, very hard and requires exceptionally specific hardware to do so now.


Mike..

anonimousse

Mike - good comment! It is probably missed on a lot of people who are … Mike - good comment! It is probably missed on a lot of people who are hung-up on main-stream stories of FlappyCoin, Coinye etc. power consumption, trade-ability and it's resemblance to fiat etc. BTC mining is a ship that has sailed due to the difficulty and the ASIC miners are beyond approach for most of us; still picking the right altcoin to mine is the way forward...



Glad you mentioned Flappycoin, it's been out for 2 days and I've been mining it for almost 24 hours now, it's only on 1 exchange, but the price of it is getting better, it was at 3-4 Satoshi's last night, looking at 7-8 now, with Dual R9 280x cards, I am pulling about 1 million per day (at current difficulty) meaning just over 1.5 Litecoins (or 0.03xxxx BTC) per day.
It's always best to keep an eye on any new coins that come out, they don't need to be of any actual use, just so long as you can get enough of them to convert into fiat or BTC etc and make a profit out of it, it's all a matter of personal choice I suppose, but I find it to be pretty interesting and so far, the fun I have had out of following the community / scene of Crypto Currency has far out weighed most of my other hobbies so far this year, whether it is a viable business depends on how much effort and finances you put in to it, if you had the cash to run 100,000 KH/s mining farms, you would be making some serious amounts of money on a daily basis, although there would be a rather large electric bill, along with the huge amounts of monet required to buy all thos eGPU's and set them up


Mike..

As soon as I invent my time machine, I'll be rich beyond my wildest dreams.

Original Poster

MikeBeaver

Glad you mentioned Flappycoin, it's been out for 2 days and I've been … Glad you mentioned Flappycoin, it's been out for 2 days and I've been mining it for almost 24 hours now, it's only on 1 exchange, but the price of it is getting better, it was at 3-4 Satoshi's last night, looking at 7-8 now, with Dual R9 280x cards, I am pulling about 1 million per day (at current difficulty) meaning just over 1.5 Litecoins (or 0.03xxxx BTC) per day.It's always best to keep an eye on any new coins that come out, they don't need to be of any actual use, just so long as you can get enough of them to convert into fiat or BTC etc and make a profit out of it, it's all a matter of personal choice I suppose, but I find it to be pretty interesting and so far, the fun I have had out of following the community / scene of Crypto Currency has far out weighed most of my other hobbies so far this year, whether it is a viable business depends on how much effort and finances you put in to it, if you had the cash to run 100,000 KH/s mining farms, you would be making some serious amounts of money on a daily basis, although there would be a rather large electric bill, along with the huge amounts of monet required to buy all thos eGPU's and set them up :pMike..



thanks Mike, can you tell me how much time do you spend let's say on weekly basis

princedouroucoulis

thanks Mike, can you tell me how much time do you spend let's say on … thanks Mike, can you tell me how much time do you spend let's say on weekly basis



the computer runs 24/7 mate

MikeBeaver

Glad you mentioned Flappycoin, it's been out for 2 days and I've been … Glad you mentioned Flappycoin, it's been out for 2 days and I've been mining it for almost 24 hours now, it's only on 1 exchange, but the price of it is getting better, it was at 3-4 Satoshi's last night, looking at 7-8 now, with Dual R9 280x cards, I am pulling about 1 million per day (at current difficulty) meaning just over 1.5 Litecoins (or 0.03xxxx BTC) per day.It's always best to keep an eye on any new coins that come out, they don't need to be of any actual use, just so long as you can get enough of them to convert into fiat or BTC etc and make a profit out of it, it's all a matter of personal choice I suppose, but I find it to be pretty interesting and so far, the fun I have had out of following the community / scene of Crypto Currency has far out weighed most of my other hobbies so far this year, whether it is a viable business depends on how much effort and finances you put in to it, if you had the cash to run 100,000 KH/s mining farms, you would be making some serious amounts of money on a daily basis, although there would be a rather large electric bill, along with the huge amounts of monet required to buy all thos eGPU's and set them up :pMike..


Solar panels on your house ?

MaximusRo

Solar panels on your house ?



Nope, currently using 650 KW/h on the rig, so about £2.50 a day running costs, plus what I spent on building it (£900, although it would make THE most amazing gaming rig, dual R9 280x GPU's, water cooled i7 CPU etc etc :p).
Can't wait for my ASIC mining rig to arrive end of July, power consumption will be 300 ish KW/h and runs at 25MH/s compared to my current 1.4MH/s

Original Poster

MikeBeaver

the computer runs 24/7 mate



Sorry what I meant to ask was how much of your own time do you invest in the whole mining process, including looking out for new coins etc

Thanks

MikeBeaver

Nope, currently using 650 KW/h on the rig, so about £2.50 a day running … Nope, currently using 650 KW/h on the rig, so about £2.50 a day running costs, plus what I spent on building it (£900, although it would make THE most amazing gaming rig, dual R9 280x GPU's, water cooled i7 CPU etc etc :p).Can't wait for my ASIC mining rig to arrive end of July, power consumption will be 300 ish KW/h and runs at 25MH/s compared to my current 1.4MH/s


Must say I am in the computing business for many years, but will have to research most acronyms you used
Do you cover your costs at the present with the £2.50/day running costs?

Was the water cooling needed ? Or are the i7s overclocked?

If you're not too sure what coin to mine next, I'd recommend something like middlecoin.com/

This pool mines the current most profitable scrypt coin, converts them to BTC and pays out when you hit the minimum amount (I think it's 0.01 BTC). Essentially means you don't have to keep switching your miners to new ones, but your overall profit will be lower, due to commission and general losses due to the nature of it. I found with 500KH/s, I made about ~£2.50 a day, mining 24/7.

When I was mining dogecoin, back a couple weeks after it started, I raked in quite a few to be now worth a few hundred quid.

The main thing with the altcoins is to get in early and believe in them. I've tried it with a few different ones that seemed to have been up and coming, mining tens of thousands to a million. but none of them have really come close to the profits from dogecoin.

The block reward has just halved, so for each block mined, half the reward is given other than it originally would've given out, so there's less each time. But because of this, a lot of miners seemed to have dropped out, making the difficulty lower, so it's easier to be mined. Of course, this'll create an annoying cycle.

I personally believe in dogecoin. It was my first coin, and I essentially won't be selling until it reaches bitcoin heights (relatively, anyway).

If you'd like some free coins, head over to reddit's dogecoin subreddit. The community is very nice (kinda what made it so big; the Jamaican bobsled thing and all the charity stuff), and you'll more than likely be given plenty of coins, without any mining via tips. I'd thoroughly recommend checking it out. Feel free to PM me, and I'll be happy to walk you through setting up a wallet, mining and I'll even send you 20 or 30 dogecoins (1000's worth £1.50-ish, I think atm).

Teezgaff

I had 100's. How I laughed at the naysayers when they hit $1200..



So you sold 100s at $1200?

Wotwot123

So you sold 100s at $1200?



Sold majority between £200-400.
Still got 100 in a wallet on an encrypted drive I can't remember the password for..
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