captaincranky
Posts: 19,661 +8,799
Isn't that how a Ponzie scheme works?
Bitcoin exchange Mt. Gox goes offline amid serious trouble
- Thread starter Scorpus
- Start date
dividebyzero
Posts: 4,840 +1,271
Sounds like a fitting denouement for a what amounts to the pyramid scheme that cryptocurrencies are based around.
captaincranky
Posts: 19,661 +8,799
Nah man, we're all inside the matrix, and everything else is an illusion.\
Don't listen to me, I'm a bitter old man, who's just pissed because I don't have a video card powerful enough to, "mine" a fortune.
In other news, here in PA, many of the people that ran to change their electric suppliers, (after it became legal in PA), opted for a "variable rate plan". They were hit with bills ranging up to 25 cents a KW hour in January. A couple of old farts, (much as myself), pooped out a goldie when they got an $800.00 electric bill. (Our local utility would have cost them about $330.00).
Ironic huh? Just when the bottom fell out of the bitcoin market, the power companies jacked up the price of the power to mine them.
Wait, I know! Miners unite, all of you rush out and equip your houses with solar panels. You should be able to amortize that investment "quickly", with the returns from a mining operation. Say maybe, 2 or 3 decades?
dividebyzero
Posts: 4,840 +1,271
A wise man* might start mining big time, and once a electricity usage pattern had been established, maybe switch to hydroponic cultivation. Resale of the Whatevercoin mining rig to some Johnny-come-lately at an inflated price should cover the new start up costs.
* Local pricing and demand, and whether you live in Colorado or Washington State dependant I guess.
captaincranky
Posts: 19,661 +8,799
(captaincranky picks up lit thought provocation rollyerown, and inhales deeply)
(y)
(cranky exhales with great force and a little cough).....Then says slowly, (still coughing), "Dude, what a positively stellar idea".....!
(y)
Last edited:
Similar threads
