My shitty US dollars are federaly insured...
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Yet again this was an attack on the exchange, not on the bit torrent code. It would be the same as I am going to stop using Visa because Target got hacked.
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Originally Posted by shuiend
(Post 1109084)
It would be the same as I am going to stop using Visa because Target got hacked.
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I don't know much about bitcoin but why use a bank? Why not store it on an external hard drive that you take offline and store in a safe when you're not using it?
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Originally Posted by Ryan_G
(Post 1109114)
I don't know much about bitcoin but why use a bank? Why not store it on an external hard drive that you take offline and store in a safe when you're not using it?
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Originally Posted by Joe Perez
(Post 1109113)
Tell me again how, when Target got hacked, all of the money that you had in your savings account at the bank completely vanished without a trace, leaving you SOL.
Originally Posted by Ryan_G
(Post 1109114)
I don't know much about bitcoin but why use a bank? Why not store it on an external hard drive that you take offline and store in a safe when you're not using it?
Originally Posted by Leafy
(Post 1109116)
I think you'd use the bank for transfers and such. Or if you wanted to be able to access your coin from all over the world.
All my personal bitcoins are stored in a private wallet, I simply send them out to whoever I am purchasing things from. I have yet to have a single coin stolen, or lost any coins to hacking. If you are smart about it, and actually cautious with your coins you will be fine. |
Originally Posted by shuiend
(Post 1109134)
So my analogy was a bit off. I was more trying to make the point that it was a third party flaw, not a flow in the actual bitcoin protocol. Say for example you decide to put all your money into paypal and not a normal bank. Paypal is not a "bank" and does not get standard protections in the US. If someone found a flaw in paypals code and was able to funnel out all the money from paypal to some place else and Paypal went bankrupt you would also be SOL.
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I'm going to start mining Doge Coins
http://d.ibtimes.co.uk/en/full/13591...=200&l=50&t=40 |
Originally Posted by Tekel
(Post 1111486)
I'm going to start mining Doge Coins
http://d.ibtimes.co.uk/en/full/13591...=200&l=50&t=40 |
Nah. Just need to find the keys to the local universities server closet. Sneak a couple ASCI Miners behind a rack and walk away :).
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Lol. Current bitcoin mining difficulty 4,250,217,919.87.
Has anyone heard of compromised computers being leveraged for mining? So calculated, running 6 ASCI miners achieving 1980 mh/s, you will earn 0.00023428 bc per day. |
Originally Posted by Tekel
(Post 1111492)
Nah. Just need to find the keys to the local universities server closet. Sneak a couple ASCI Miners behind a rack and walk away :).
When I last checked there were no ASCI miners out that would mine the alt coins. Most alt coin currencies are designed to made using dedicated ASCI miners harder. So people were building desktop pc's with 4 ATI cards in them to mine with. The break even point was to long and the initial capital expense was to high for me to want to get into alt coin mining. |
Originally Posted by Tekel
(Post 1111502)
Lol. Current bitcoin mining difficulty 4,250,217,919.87.
Has anyone heard of compromised computers being leveraged for mining? So calculated, running 6 ASCI miners achieving 1980 mh/s, you will earn 0.00023428 bc per day. |
Originally Posted by Leafy
(Post 1111509)
You mean like using a zombie army to mine rather than DDOS? I dont see why that wouldnt be happening.
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Originally Posted by Leafy
(Post 1111509)
You mean like using a zombie army to mine rather than DDOS? I dont see why that wouldnt be happening.
When I last talked to Rick he had about $25,000 tied into 10 alt coin mining machines. It would take about 2 months to make back your initial investment at current BTC values, and alt coin mining difficulty level. |
Originally Posted by Tekel
(Post 1111502)
Has anyone heard of compromised computers being leveraged for mining?
Here's a report about a botnet mining operation that spread through a piece of malware on the Skype network: Bitcoin-mining malware spreading through Skype | ITProPortal.com Here's one where the gaming company E-Sports Entertainment deliberately infected their own customer's computers and turned them into a mining net: http://www.geekosystem.com/easa-bitcoin-mining/ Here's one from January, where a piece of malware spread through Yahoo ads by way of a weakness in Java: Yahoo malware transforms thousands of computers in Bitcoin miners | BGR |
Originally Posted by shuiend
(Post 1111472)
Rick (old owner of mt.net) actually is heavily into bitcoin and altcoin mining. Last time I talked to him he was pulling in $450-550 a day with mining. He was actually looking to rent a dedicated warehouse space with additional power so he could go form 10-15 mining machines to something like 50+ mining machines.
edit: When I last talked to Rick he had about $25,000 tied into 10 alt coin mining machines. It would take about 2 months to make back your initial investment at current BTC values, and alt coin mining difficulty level. yes you did. he told me it was a bit more than that. |
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