re: Are bitcoins dead? WIKI Where u at?

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mining magnates

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I have a gaming computer that I would let mine when not in use

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I think he was referring to the people that set up huge operations of specialized computers

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I have a gaming computer that I would let mine when not in use. I quit when it stopped making sense to do so. Care to tell me how I lost money?

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I don't know exactly how many Bitcoins you were able to mine, how much you were able to exchange for them or how much your cost for electricity was for mining, etc. So I can't tell whether you made or lost money. Given your admission that you stopped mining, I think it is safe to say you realized it was not an economically positive venture. You were practical in your approach to Bitcoins. My intentionally exaggerated taunting was aimed at those who were impractical, get rich quick wannabes, and those were mainly the speculators who didn't even have any idea what Bitcoins were, how they functioned and, most importantly, were trading them on unregulated exchanges operated by amateurs.