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#71 |
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Senior Member
Join Date: Feb 2012
Drives: '13 FR-S (#3 of 1st 86)
Location: Powder Springs, GA
Posts: 20,118
Thanks: 39,698
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__________________
Olivia 05/03/2012 - 01/06/2024. 231,146 glorious miles.
Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". |
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| The Following User Says Thank You to Dadhawk For This Useful Post: | JD001 (03-29-2021) |
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#72 |
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Senior Member
Join Date: Apr 2015
Drives: Subaru BRZ
Location: UK
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Mentioned: 26 Post(s)
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#73 |
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The Dictater
Join Date: Apr 2017
Drives: '13 Red Scion FRS
Location: MD, USA
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Cryptocurrency is created by basically solving difficult math problems for very large or very precise numbers. These problems don't have a straightforward answer, so computers solve them using a numeric process and iterating many times. This is called mining in cryptocurrency speech. I understand the techniques to be similar to cracking encryption cyphers.
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| The Following 2 Users Say Thank You to Spuds For This Useful Post: | JD001 (03-29-2021), soundman98 (03-29-2021) |
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#74 |
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The Dictater
Join Date: Apr 2017
Drives: '13 Red Scion FRS
Location: MD, USA
Posts: 9,683
Thanks: 26,748
Thanked 12,739 Times in 6,313 Posts
Mentioned: 88 Post(s)
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Bitcoin is a specific kind of cryptocurrency. There are others. Just do a search on how to get started and do some research.
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| The Following User Says Thank You to Spuds For This Useful Post: | JD001 (03-29-2021) |
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#75 | |
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Senior Member
Join Date: Feb 2012
Drives: '13 FR-S (#3 of 1st 86)
Location: Powder Springs, GA
Posts: 20,118
Thanks: 39,698
Thanked 25,475 Times in 11,612 Posts
Mentioned: 187 Post(s)
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Quote:
It takes energy and power to do it quickly, but a standard computer can do it, it just takes longer.
__________________
Olivia 05/03/2012 - 01/06/2024. 231,146 glorious miles.
Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". |
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#76 |
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Senior Member
Join Date: Apr 2015
Drives: Subaru BRZ
Location: UK
Posts: 6,270
Thanks: 7,988
Thanked 6,512 Times in 3,646 Posts
Mentioned: 26 Post(s)
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A single bitcoin is currently worth $57k.. so how long to generate one coin.. let's do some research... See you guys later..
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#77 |
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6/22/12-2/6/24
Join Date: May 2012
Drives: 2013 Scion FR-S M/T Argento
Location: Orange County
Posts: 1,475
Thanks: 1,595
Thanked 482 Times in 285 Posts
Mentioned: 14 Post(s)
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Currently Ethereum is the most profitable coin to mine.
If you're a casual miner like me, Nicehash is a great way to do it because Nicehash pays you Bitcoin for your mined Ethereum .. or rather Nicehash pays you for your hashing (mining) power. Depending on the day, I can get $8-$15 per day with electricity costing me $1.50 ... and that's in California with $0.28/kw. I started mining with my rtx 3080 around Jan and I've mined a total of about $750 or so from it since then. I've already sold out to lock in my earnings. Still, the tax will be costly. Mined earnings are subject to income tax, and upon selling the crypto subject to short/long term capital gains taxes. At least that's what I've read so far during my preparations for taxes.
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Last edited by Bonburner; 03-29-2021 at 06:45 PM. Reason: $750, not $600 |
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| The Following 2 Users Say Thank You to Bonburner For This Useful Post: | JD001 (11-05-2022), soundman98 (03-29-2021) |
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#78 |
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Senior Member
Join Date: Apr 2015
Drives: Subaru BRZ
Location: UK
Posts: 6,270
Thanks: 7,988
Thanked 6,512 Times in 3,646 Posts
Mentioned: 26 Post(s)
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Anyone using the Logitech Lift mouse? Is it any good?
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#79 |
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LMGTFY
Join Date: Mar 2016
Drives: 13 FRS, 91 Miata
Location: Lava Town, HI
Posts: 2,776
Thanks: 5,561
Thanked 3,650 Times in 1,625 Posts
Mentioned: 15 Post(s)
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#80 |
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Senior Member
Join Date: Apr 2015
Drives: Subaru BRZ
Location: UK
Posts: 6,270
Thanks: 7,988
Thanked 6,512 Times in 3,646 Posts
Mentioned: 26 Post(s)
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It looks rather neat but expensive.
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| The Following User Says Thank You to JD001 For This Useful Post: | x808drifter (11-07-2022) |
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