Author Topic: BitCoin payments  (Read 4134 times)

Offline Kitty Hello

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BitCoin payments
« on: 2013-Nov-22 »
Everyone talks about bitcoins. So it seems.
But - is there a market for that? Would people use bitcoins to buy software?

What are your toughts about this new currency?

Offline kanonet

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Re: BitCoin payments
« Reply #1 on: 2013-Nov-22 »
Dont have bitcoins. Already have GLB premium license. Guess I should vote for no?

PS: I dont believe that bitcoins will become to important.
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Offline mentalthink

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Re: BitCoin payments
« Reply #2 on: 2013-Nov-22 »
Make some weeks I'm searchinginfo about make bitcoins... the currency was 1bitcoin = 80E yes a lo of money but you need specific CPU's for create bitcoins...

http://www.butterflylabs.com/

Those are the more "cheapers" It's really a complex thing this of bitcoins, seems anothe global economy but works at the inverse , when the global economy goes down bitcoins goes up and when global economy goes up this goes down...

Another trick it's generate a bitcoin need a lot of powerfull machine, you can Use Nvidia Graphics cards with CUda, but I read a Quadro with 900 Cudas need a lot of time, then you waste more in electricity than real money...

I ear too, millionarie people invert a lot of real money Euro and Dollar, for buy Bitcoins, when the market will be interesting then sell and gain a lot more of millions...

If you have cold in your room, you can take adventages with this  :D :D :D
http://img.ibtimes.com/www/data/images/full/2013/11/15/429233.jpg[/img]]

this it's for make bitcoins...

Your same computer can do Bitcoins , I have in mac a free soft, but for make a bitcoin perhaps I need one year...

I think this it's more for bussine people than electronics o programming... how we say in Spain and I think to : "No es oro todo lo que reluce"...

I read about using the cheaper butterfy hardware in one month a guy win about 600$, but can be another lie, like with iPhone, at the begin seems all people turns millionarie making games... at the moment I continue very poor...  :D :D :D



Offline erico

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Re: BitCoin payments
« Reply #3 on: 2013-Nov-22 »
I´d say yes to accept payment on that...so it is just another option for the consumers.
It seems there isen´t much trouble converting bitcoins to cash if needed.

About bitcoins in itself, I don´t have much of an opinion.

MrTAToad

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Re: BitCoin payments
« Reply #4 on: 2013-Nov-22 »
I would avoid it for a year or so - it could be more trouble than its's worth
« Last Edit: 2013-Nov-22 by MrTAToad »

Offline Moru

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Re: BitCoin payments
« Reply #5 on: 2013-Nov-22 »
If you weren't there from the start, don't bother starting now.

Offline Ian Price

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Re: BitCoin payments
« Reply #6 on: 2013-Nov-22 »
Bitcoin rates are so variable that 1bitcoin a year ago was worth a bag of chips and can of coke - now they are worth a Ferrari and a hot woman. * This time next year it will all be seen as a huge scam **

I'd stick with standard currencies that are regulated by governments not nerds. Not that I have faith in governments, but I do have faith that nerds will find some way of hacking and bringing the whole bitcoin system down.


* This may not be true. But you get my point.
** This also may not be true. But you get my point.
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Offline Moru

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Re: BitCoin payments
« Reply #7 on: 2013-Nov-22 »
What is true though is that the easiest way of making money out of bitcoins is to open up a trade center and accept bitcoins and then six months later quietly slip away with all the bitcoins and the real money people are buying them for.

If you look around on the news, this is what is the most common article mentioning bitcoin right after "this new store accepts bitcoin" news-article.

Offline matchy

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Re: BitCoin payments
« Reply #8 on: 2013-Nov-23 »
When I was experimenting with setting up miners on the RPi and BBB in June the BC rate was around US$100 and right now is US$828.

Offline mentalthink

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Re: BitCoin payments
« Reply #9 on: 2013-Nov-23 »
But Matchy you won 800$ using only a Raspberry, if I try with my computer and it's more slow than a turtle, I don't undertand too much, but seems it's needed a huge time for win money... or it's only a info from internet (sorry I don't understand too much the answer)

Offline kanonet

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Re: BitCoin payments
« Reply #10 on: 2013-Nov-23 »
His RPi would be even slower then your computer.
If you want to mine, you cant use CPUs, these are to slow (and waste to much power) since a long time and now even GPUs are to slow, only way to efficient mine is to use some specially designed hardware. But ATM everyone and his grandma is buying this special hardware so the difficulty raises and everyone gets less output, which means that with every day you waste more power for less profit. The only one that makes profit with special hardware is the manufacturer of it and maybe some guys that have free power/energy. But you - as a private person that has to buy your power for a high price - you probably will lose money mining.
You have a better change to make profit if you just buy some bitcoins and sell them later for a higher price - but thats highly risky since there is no was to safely assume if the price is rising or falling, its higher risk then buying stocks. And its not sure what position your government will take in next time, they sure will try to take part of your profits (if any) and invent a tax or something.
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Offline Ian Price

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Re: BitCoin payments
« Reply #11 on: 2013-Nov-23 »
Coincidentally I got an email this morning which had a link to info on bitcoins. I've not read the whole article, but it might be useful - http://www.ebuyer.com/blog/2013/11/is-bitcoin-a-viable-currency-or-tulip-mania/?utm_source=b2c_weekend1&utm_medium=email&utm_campaign=b2c_weekend1
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Offline Wampus

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Re: BitCoin payments
« Reply #12 on: 2013-Nov-23 »
Everyone talks about bitcoins. So it seems.
But - is there a market for that? Would people use bitcoins to buy software?

What are your toughts about this new currency?

They might use bitcoin to buy software, if it was more widely available for purchase. I guess a trouble right now is its hard to find actual things to buy with bitcoin and people are keeping hold of it for speculation purposes too.

In principle bitcoin seems good to me, even with its bubble-like volatility and speculators. Bitcoin can't be counterfeited, has true scarcity and is very efficient as a payment mechanism. I don't know if it will exist for all that long, given that it could have unknown flaws to exploit and quantum computing could theoretically be used to break the encryption. Regardless I think cryptocurrency in general is here to stay. For example, Canada has its own cryptocurrency in the works.

I'd stick with standard currencies that are regulated by governments not nerds. Not that I have faith in governments, but I do have faith that nerds will find some way of hacking and bringing the whole bitcoin system down.

That could happen but there are risks with those standard currencies also. There are always risks. All the eggs in one basket, etc.