Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by solosoyokaze on Tuesday February 16, 2021 @09:34AM (#26154173)

Ridiculous examples. BTC has been consistently up for a decade (or USD has been plummeting that long, depends how you look at it).

> Where would you put your money now that bitcoin is 50k?

BTC of course. USD is only going to continue to drop.

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Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by adriancr on Tuesday February 16, 2021 @05:49PM (#26159797)

Let me give you an example:

I invested a nice sum of money in November 2019.

Option 1: BTC from 9300 to 48000 means 5x

Option 2: TSLA from 62 (pre-split) to 796 means 12x. (much much more via calls)

Which do you think I went for? Which strategy do you think will continue to make reliable money in the future?

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Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by solosoyokaze on Wednesday February 17, 2021 @10:06AM (#26167076)

You're cherry picking a single point in time that happens to work with one stock (one might also argue the move to electric vehicles is actually a world changing event ala bitcoin).

What about November 2018 or November 2017? Like I said, Bitcoin has consistently been up in the long term for the past decade.

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Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by jboog on Thursday February 18, 2021 @10:41AM (#26181091)

"You're cherry picking a single point in time that happens to work with one stock"

SO you mean EXACTLY what you're doing with BTC?

I swear the BTC cult rivals the Qanon crazies in cognitive dissonance.

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