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Any of you baws operating Bit Coin mining sytems?

Posted on 11/29/17 at 8:23 pm
Posted by sugatowng
Look at my bling Bitches
Member since Nov 2006
25332 posts
Posted on 11/29/17 at 8:23 pm
Me and a buddy are funding the building of a rig, including monthly electrical costs...We have 2 college kids that are basically "Snowden" types that have specked out a system in the 11-12k range. Based on current projections, we look to turn a profit in a little over 2 months.

My ultimate question...Has anyone else been in this type of scenario and if you had how did you handle payment for services rendered for their intellectual property?

These kids work for us in another venture we have...Obviously don't want to screw them because my goal is to set up a farm of these with them handling the monitoring...I want to pay them for their worth, but obviously we are the money in this situation.

Obviously I'm just vetting all avenues if I'm coming for advice on the OT board...you never know though

cheers
Posted by DavidTheGnome
Monroe
Member since Apr 2015
29169 posts
Posted on 11/29/17 at 8:25 pm to
quote:

Snowden" types



?
Posted by Mr. Hangover
New Orleans
Member since Sep 2003
34509 posts
Posted on 11/29/17 at 8:25 pm to
Wtf is a rig?
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 11/29/17 at 8:25 pm to
Huh?
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
57365 posts
Posted on 11/29/17 at 8:26 pm to
You sound like a predator
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35348 posts
Posted on 11/29/17 at 8:26 pm to
Bitcoin mining makes no sense if you're just getting started with a small rig. Mine other coins.
Posted by Pectus
Internet
Member since Apr 2010
67302 posts
Posted on 11/29/17 at 8:27 pm to
Snowden did not work in cryptocurrency
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48978 posts
Posted on 11/29/17 at 8:27 pm to
I thought all the bitcoin has been mined already.

You won't do shite with one computer
Posted by RummelTiger
Texas
Member since Aug 2004
89884 posts
Posted on 11/29/17 at 8:27 pm to
quote:

Any of you baws operating Bit Coin mining sytems?



You might wanna learn how to spell it...
Posted by sugatowng
Look at my bling Bitches
Member since Nov 2006
25332 posts
Posted on 11/29/17 at 8:27 pm to
quote:

Snowden did not work in cryptocurrency


I hear ya...they are hackers though
Posted by Jim Rockford
Member since May 2011
98190 posts
Posted on 11/29/17 at 8:28 pm to
Bitcoin is trashy.
Posted by SLafourche07
Member since Feb 2008
9928 posts
Posted on 11/29/17 at 8:28 pm to
quote:

Obviously I'm just vetting all avenues



Don't vet me bro.
Posted by sugatowng
Look at my bling Bitches
Member since Nov 2006
25332 posts
Posted on 11/29/17 at 8:28 pm to
quote:

You might wanna learn how to spell it...


I'm just the money...I don't need to know how to spell
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35348 posts
Posted on 11/29/17 at 8:28 pm to
Also wtf is a snowden type? The type that will air out your shady operations?
Posted by sugatowng
Look at my bling Bitches
Member since Nov 2006
25332 posts
Posted on 11/29/17 at 8:29 pm to
quote:

I thought all the bitcoin has been mined already.


no

quote:

You won't do shite with one computer


I know...thus I said setting up a farm
Posted by SLafourche07
Member since Feb 2008
9928 posts
Posted on 11/29/17 at 8:29 pm to
quote:



I'm just the money...I don't need to know how to spell




What other kind of investments are you interested in?
Posted by ThatMakesSense
Fort Lauderdale
Member since Aug 2015
14802 posts
Posted on 11/29/17 at 8:30 pm to
Obviously.
Posted by sugatowng
Look at my bling Bitches
Member since Nov 2006
25332 posts
Posted on 11/29/17 at 8:30 pm to
quote:

What other kind of investments are you interested in?


hookers and blow obviously...
Posted by TheSearchers
Member since Oct 2017
119 posts
Posted on 11/29/17 at 8:30 pm to
Just make sure you get paid in cash, not bitcoins.
Posted by Tigerlaff
FIGHTING out of the Carencro Sonic
Member since Jan 2010
20877 posts
Posted on 11/29/17 at 8:31 pm to
quote:

These kids work for us in another venture we have...Obviously don't want to screw them because my goal is to set up a farm of these with them handling the monitoring...I want to pay them for their worth, but obviously we are the money in this situation.


Hey fellow kids, since you're probably on TD, don't sign anything your idiot bosses give you from their IP lawyer.
This post was edited on 11/29/17 at 8:37 pm
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