Considering bitcoin value is fluctuating like a sea wave, one point it will be high in value and another point it will be useless, I'd rather not invest in it, but it does sure sound a lot of fun, if you play your cards right.
You can bitcoin mine on any computer. Obviously, a high-end processor will serve you better than an old cheap one. Keep in mind that if you do decide to mine, you'll have to leave your computer running for long periods of time. Be sure to invest in a cooling fan. A friend of mine does this, and he estimates his electricity bill to have gone up by a little less than $30 a month just from running two computers set to mining. Ignore what archerexpert777 said about price fluctuations. He's an expert at archery, not investing. You're not buying bitcoins to sell at a later date; you literally are just getting them for free. Price fluctuations have literally nothing to do with you since you're not spending anything other than electricity costs in order to make money. My advice though is to hold any coins you might end up mining for at least a short while before selling. It's highly unlikely you'll be able to mine an entire bitcoin (you'll probably end up with a fraction of one which is still worth some money), but keep in mind that there are less than 20% of bitcoins in existence left to be mined. This means that the price will go up no matter what happens(unless bitcoin is outlawed in every single major country in which case you've wasted electricity and burned out your processors for nothing. Like I said, highly unlikely). Glhf
Lol. Are you being serious or just joking? Besides im an expert on planes excuse you Sr. PessimismDaily
The 850m is laptop graphics if I’m not mistaken so it probably isn’t the best to use for bitcoin mining. They recommend actual rigs set up specifically for mining or higher end PC graphic cards. Basically what is being said is you will likely not make a significant profit on mining given the price of the power consumption will eat at that. If you are not paying the bills then sure, that will be your profit but you would still need a good card.
If you'd like to mine, get started right now. The price of BTC has dropped to a little more than 8000. It will likely go even lower than that by next Monday. The more coin you're able to have by then, the more money you'll be able to make. The price will almost definitely rise back up within a month once this whole Bitfinex thing blows over. If not, China's government is currently backing a cryptocurrency called Neo. While it may not be as lucrative a venture as Bitcoin, it's much less volatile and more stable, because it actually has a wealthy and strong government backing it. Anyhow, you really have nothing to lose here, since you probably don't pay the utilities bill in your household. Give it a try!
archerexpert777 your response was essentially a generic statement which is primarily used by people who don't really know much about market mechanics. I don't mean to insult you by saying this, and I also don't mean to suggest that you're lying. It just aggravates me when someone asks for specific advice and someone throws out a vague statement that has no real value other than trying to prove that he/she knows something. Again, don't take offense.
Im talking about that investing in Bitcoin is not a safe option if you want to get a GTX 850m. If you want to sure go ahead, but you'll need to put all your money you own into investing it. If you're lucky enough and the bitcoin value skyrockets you can earn a s*** of money, if not you're screwed forever. Im sure there are stories of people who lost all their savings because of investing in Bitcoin.
Well this is in off-topic so his posts won't increase but ye he feels like he has to be involved in everything.
In not trying to be involved in everything, all I did was give some info about it lol. Lets not get off topic.
LMAO do you even know what bitcoin mining is and how that graphics card is used to mine bitcoin???? why would someone buy a laptop GPU? any person with a brain can actually read a title. What idiot puts ALL their savings in bitcoin? Who would try to buy a GPU with their savings? Just read the title ffs
