SpenceSouth Posted November 28, 2013 Share Posted November 28, 2013 Hey so I was wondering if we might want to look into setting up a bitcoin mining pool with the proceeds going to S4GRU. I don't know anything about S4GRU financials but I'd imagine that at this point we are getting fairly saturated with Sponsors and we all would like to keep the site running.With the amount of dedicated users on this forum, between our spare GPU/CPU cycles, we could probably contribute a nice chunk of change to S4GRU. Thoughts?(P.S. If this has already been covered I tried the search menu, but it didn't pull any results for me) 2 Quote Link to comment Share on other sites More sharing options...
richy Posted November 28, 2013 Share Posted November 28, 2013 It's a possibility but the reality with bitcoin mining is that the increased power costs often more than negate the revenue. This varies from state to state (with the differing power costs) and also with the value of a bit coin. Most farmers are switching to using asics for an added jump in performance which given the nature of how the mining works leaves cpu|gpu miners in an even worse position. The concept of bit coins is extremely interesting but it is most definitely going through a rapid evolution, between government action, technological developments and theft it is a high risk endeavor, but there are rewards for some out there. You just have to be very eyes open about it and educate yourselves, a lot of people make a net loss. Unfortunately power costs are insane here, even an asic rig would barely break even The states with a superabundance of power may have more luck though! Quote Link to comment Share on other sites More sharing options...
mrjeff Posted January 6, 2014 Share Posted January 6, 2014 would be nice if we could donate through Bitcoin. Less fees than paypal too I think. https://coinbase.com/merchants Quote Link to comment Share on other sites More sharing options...
newboyx Posted January 6, 2014 Share Posted January 6, 2014 Cool podcast that hits the broad strokes on bitcoin for those who may not know. http://www.stuffyoushouldknow.com/podcasts/bitcoin-works/ Sent from my LG G2. Quote Link to comment Share on other sites More sharing options...
S4GRU Posted January 6, 2014 Share Posted January 6, 2014 We will not use Bitcoin. It's also associated with some pretty shady organizations/criminals and more likely to get us investigated or on some watch list. Robert via Samsung Note 8.0 using Tapatalk Pro 3 Quote Link to comment Share on other sites More sharing options...
irev210 Posted August 25, 2014 Share Posted August 25, 2014 We will not use Bitcoin. It's also associated with some pretty shady organizations/criminals and more likely to get us investigated or on some watch list. Robert via Samsung Note 8.0 using Tapatalk Pro I am hoping you will reconsider this. Considering major vendors like Dell, Newegg, Overstock, etc etc etc all accept bitcoin I think you can take comfort with what it is doing. US Dollars (and every other major currency) is associated with some pretty shady organizations/criminals. At least with bitcoin you are not enriching paypal/mastercard/visa. Quote Link to comment Share on other sites More sharing options...
S4GRU Posted August 25, 2014 Share Posted August 25, 2014 I am hoping you will reconsider this. Considering major vendors like Dell, Newegg, Overstock, etc etc etc all accept bitcoin I think you can take comfort with what it is doing. US Dollars (and every other major currency) is associated with some pretty shady organizations/criminals. At least with bitcoin you are not enriching paypal/mastercard/visa. Based on Bitcoin exchange problems and losses of money some have encountered, I still don't think I'm willing to risk it at this time. And frankly, I'm not even sure I get the whole thing. Robert 1 Quote Link to comment Share on other sites More sharing options...
Yuhfhrh Posted August 25, 2014 Share Posted August 25, 2014 Based on Bitcoin exchange problems and losses of money some have encountered, I still don't think I'm willing to risk it at this time. And frankly, I'm not even sure I get the whole thing. Robert I think its fairly easy to set up an account with Coinbase or Bitpay. They will take bitcoin and convert it to USD for you immediately, so you never have to even touch bitcoin. That's what Dell, Newegg, etc use. Quote Link to comment Share on other sites More sharing options...
S4GRU Posted August 26, 2014 Share Posted August 26, 2014 I think its fairly easy to set up an account with Coinbase or Bitpay. They will take bitcoin and convert it to USD for you immediately, so you never have to even touch bitcoin. That's what Dell, Newegg, etc use.I'll look into those and see if that will work for us. Robert via Samsung Note 8.0 using Tapatalk Pro Quote Link to comment Share on other sites More sharing options...
mc_gusto Posted August 26, 2014 Share Posted August 26, 2014 If you could somehow accept google play credit I have some giftcards that I can transfer over to you guys. I know someone who set up a app placeholder just to accept credit payments. Alot of Android users also answer those google surveys for credits. So I must not be the only one who has unused google play credits that can be donated. Quote Link to comment Share on other sites More sharing options...
Arysyn Posted May 10, 2015 Share Posted May 10, 2015 Google Wallet might be a good alternative for those who don't want to use PayPal. Personally, I'm skeptical of bitcoin, despite others having recommended it to me as a way to make money. Quote Link to comment Share on other sites More sharing options...
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