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Bitcoin mining?

Started by matt5cott, June 08, 2011, 17:53:29 PM

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matt5cott

I got out to avoid the mini crash, I bought back again at the current 'stable' price yesterday  :)

mtgox you can sell quite easily  8)

Clock'd 0Ne

I noticed it had dipped down again, almost tempted to buy myself but not really sure its worth it seeing as I'm mining at a steady rate now.

matt5cott

Right now it's even riskier than before tbh, you can lose or gain a lot in even an hour :-X and the trend seems to be either 'stable' or 'slightly down' atm, this could change in a heartbeat though, it's volatile to say the least  :dunno:

Clock'd 0Ne

I'll just mine until the new year then and see what my BTCs are worth, I should have about 14/15 by then at least :)

matt5cott

This market has been mostly declining, in general now down to $2.40 / BTC it's not all bad though tbh, if it gets to a 'stable' but cheap amount it will encourage more people to put some cash in for BTC

Clock'd 0Ne

I've got about 6.5BTC now for all my mining, which at older prices would have been a tidy sum but today's prices is very poor, so I guess I'll just keep hanging on, keep mining and see where it goes

matt5cott

I'm guessing you have 8 or so now? that's $32 at current pricing, which appears to be on the up, though with anything bitcoin it's volatile.

Clock'd 0Ne

10.9 in fact, it's been running pretty much 24x7 on my main rig and less frequently on the laptop. :) To be honest I haven't been looking at the prices, when I saw it hovering at $2 it was depressing and I gave up watching it  :lol: I still don't know where the best place is to trade them, i don't really understand how some of these sites work. Some you seem to make an offer and wait for an acceptance, which seems straightforward, is that what you did?

matt5cott

Yes you can put them up for sale at any price you please, I use mtgox as it's easy but I'm keeping an eye on longterm atm  :)

matt5cott

Price is still slowly climbing, I'm cautious of someone selling a load off though and it blowing, who knows with this game, it's bonkers!

OH, whilst I remember, to sell in UK and GBP use www.intersango.com, mtgox is only good for USD really, and keep an eye on the charts here -> http://bitcoincharts.com/markets/

Clock'd 0Ne

If I sold now I could get £30, I'm thinking I'll hold out a bit longer :yarr:

matt5cott

Quote from: Clock'd 0Ne on December 28, 2011, 22:10:23 PM
If I sold now I could get £30, I'm thinking I'll hold out a bit longer :yarr:

There's a LOT of buzz about atm, but it could be hot air however someone did drop a $250k buy order down the other week forcing the price up :twisted:

knighty

someone bought £250,000 worth of bitcoins ???

matt5cott

Quote from: knighty on December 28, 2011, 23:06:00 PM
someone bought £250,000 worth of bitcoins ???

$250,000, the markets currently worth $6,250,000 http://bitcoincharts.com/markets/ and that's just for mtgox in USD.

matt5cott

Gone up a lot overnight, about £3 a coin now.