Bitcoin

[slang]

Originally Posted by glatt

You can pay companies to mine for you. I can see how the companies would make money but I am not sure how the customer could make money.

Here's a mining company from the net.

The mining is powered from geo-thermal so the bitcoins produced shouldn't kill the planet.

Genesis Mining will not publish returns on their mining which, in this case, does seem a lot like gambling.

There is this graph that shows the historical return but how accurate is it?

Another detail is that the "plans" that allow the use of their super-duper-luper fast and reliable machines to mine for subscription seem to be booked with the exception of one. Dash.

The newer the coin, the more potential profit? I don't know.

There is an option to buy a starter plan for $57.50 but if the yield is .0331 it would generate a $0.165 profit. Add to that the duration of the plan, 2 years.

I'm sure there's more to this that I don't understand. On the outset it doesn't seem like something encouraging.

[slang]

Chatty today.

Another news item that seems relative to the conversation of gold being money.

"A team of Chinese researchers have turned cheap copper into a new material “almost identical” to gold"

If this turns out to be true it would be a game changer IF they can create this new "almost gold" at the same price or lower than spot.

And assuming that there is no effective testing method to identify gold from "almost gold".

It would probably confuse the issue of gold is money at the very least.