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re: Bitcoin Casinos Release 2012 Earnings

Posted on 1/24/13 at 9:36 am to
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 1/24/13 at 9:36 am to
quote:


I've had my gaming rig mining off and on for the past month or so and I've made about 5 bucks. Mine has a 560Ti in it and I estimate I've been mining about 30% of the time since I started.


are you mining in a pool?
Posted by baytiger
Boston
Member since Dec 2007
46978 posts
Posted on 1/24/13 at 10:10 am to
quote:



are you mining in a pool?
Oh yeah, forgot to mention that. 50 BTC.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69908 posts
Posted on 1/24/13 at 11:19 am to
Can Bitcoins be insured?

Explain "Silk Road" for me would you?
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 1/24/13 at 11:31 am to
quote:

Can Bitcoins be insured?


If a company wanted to offer insurance against bitcoin losses and theft, they could do so. Are there any companies doing that right now? I don't think so.

quote:

Explain "Silk Road" for me would you?


It's an online marketplace where people buy and sell drugs. Bitcoin is the currency used on it.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69908 posts
Posted on 1/24/13 at 11:34 am to
quote:

If a company wanted to offer insurance against bitcoin losses and theft, they could do so. Are there any companies doing that right now? I don't think so.




THIS seems like a great business idea, although the actuarial tables would incredibly complicated.
Posted by GFunk
Denham Springs
Member since Feb 2011
14966 posts
Posted on 1/24/13 at 1:55 pm to
After reading this thread, it sounds like you could replace every occurrence of Bitcoin with "Iraqi Dinar" and you wouldn't have much difference.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69908 posts
Posted on 1/24/13 at 2:03 pm to
quote:

After reading this thread, it sounds like you could replace every occurrence of Bitcoin with "Iraqi Dinar" and you wouldn't have much difference.


Difference is, the Iraqi Dinar is a government currency, bitcoins isn't. Don't think I'll get involved but it's interesting stuff
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