Hope this is not off subject , Nugget has starting another type of computer mining ..
Here is the source for the computer mining story, it is in Forbes ....
http://www.forbes.com/sites/kashmir...d-about-bitcoin-from-living-on-it-for-a-week/
5. There are people who are very excited about the financial opportunities behind Bitcoin. There is a whole economy of miners, mining equipment makers, payment processors, money exchangers, and speculators rising up around it. It is actually thriving. There are a ton of people trying to make money off of this thing. Some are legitimate businesses and some are pure gambles, such as the Redditor with a wife and child who used the $30,000 limit on his credit card to buy Bitcoin when it was valued at $14.25 USD and cashed out when it went above $200. He did not respond to a media request; he may still be celebrating.
If you take 30k and divide by 14.25 you get 2,105 shares of bitcoins and if you sell them at $200.00 you get $421,000.00 so not too far off from 500K ,I couldn't find original post where he paid off credit card and paid off house mortgage but I like the part of him not responding to media because he was still out celebrating, lol :lol:
I am tempted to do the $30K thing on litecoin because it is at $2.53 has been to $3.00 couple of months ago at any rate at $253 it would buy you 11,857 shares and it if hit say 103.00 I think its fair to say you would make a cool 1,221,271.00 usd
There has been a lot out there in the media lately about crypo currencies and some gov types don't like it .
Tempted is the key word here,
Here is the source for the computer mining story, it is in Forbes ....
http://www.forbes.com/sites/kashmir...d-about-bitcoin-from-living-on-it-for-a-week/
5. There are people who are very excited about the financial opportunities behind Bitcoin. There is a whole economy of miners, mining equipment makers, payment processors, money exchangers, and speculators rising up around it. It is actually thriving. There are a ton of people trying to make money off of this thing. Some are legitimate businesses and some are pure gambles, such as the Redditor with a wife and child who used the $30,000 limit on his credit card to buy Bitcoin when it was valued at $14.25 USD and cashed out when it went above $200. He did not respond to a media request; he may still be celebrating.
If you take 30k and divide by 14.25 you get 2,105 shares of bitcoins and if you sell them at $200.00 you get $421,000.00 so not too far off from 500K ,I couldn't find original post where he paid off credit card and paid off house mortgage but I like the part of him not responding to media because he was still out celebrating, lol :lol:
I am tempted to do the $30K thing on litecoin because it is at $2.53 has been to $3.00 couple of months ago at any rate at $253 it would buy you 11,857 shares and it if hit say 103.00 I think its fair to say you would make a cool 1,221,271.00 usd
There has been a lot out there in the media lately about crypo currencies and some gov types don't like it .
Tempted is the key word here,
