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A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
When the bitcoin price goes up so do mining rigs. Is this the last time normal people can invest in rigs before it gets completely taken over by big companies?
Im thinking about bitcoin mining as an oil drilling company. When the prices of the underlying commodity goes up so does the drills. When the price of 1 btc will hit 100k USD the price for a rig will be approx 150k or am im thinking completely wrong? I'll be more than happy to hear your thoughts. Have an awesome day!
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Attackers were able to break into servers belonging to Bitcoin cloud-mining platform Cloudminr.io last week and harvest the site’s entire database. Now hackers are attempting to sell the information, which includes thousands of unencrypted usernames, email addresses, and passwords. Cloudminr, a Norwegian company that started last year, relies on processing power from remote data centers to generate Bitcoin. Those looking to make money off the crypto-currency without spending money on their own equipment often invest in Bitcoin mining companies to do the work for them. While the company’s website is currently offline, it was replaced early Monday with a rudimentary storefront that claimed the site’s database, including information on 79,267 users, had been hacked and was for sale. According to several posts on the forum bitcointalk.org, the attackers are allegedly offering the information in exchange for 1 BTC, or roughly $289 USD. If legitimate, the sum could be a small price for an attacker to pay considering the information that could potentially lie in the database. With a little social engineering, an attacker could recover a user’s password to any wallets or exchanges they might be a part of or use the information log into a user’s Cloudminr account and withdraw Bitcoin directly from their account. Furthermore if a Bitcoin miner used the same login information for Cloudminr as they do for a forum like bitcointalk.org, an attacker could log into that account and gather additional information about the user, as well. According to the Cloud Mining Directory, a site that aggregates information about cloud mining services, when Cloudminr.io’s site went down on Friday, it was replaced with a message: “CLOUDMINR.IO is temporarily down until a new website is made from scratch to avoid any backdoors left by hackers.” download http://pastebin.com/dBa80jnZ
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I started chatting with a random user and after a bit of small talk he told me that he works at a crypto mining company, and that by investing 500$ you would get 1500$ after 48 hours. I personally don't know much about crypto mining companies so I was curious to know more. He never offered to help me invest or asked me to, just casually chatting about it but I kept asking about how it worked and he kept explaining it as a triple money cheatcode every 48 hours. I told him if that were true the economy would collapse after a week and he said you can do it only once per month... I wanted to do my own research on this and asked if I could do it on my own, but he said he would give me the company address and that I cannot find it anywhere online because only workers can use it or something like that. This obviously sounds like a big scam and I found other instances of people promising to double or triple money every 48 hours. I am just curious if investing in mining companies is a thing? And what's with the 48 hours
07-16 08:03 - 'You can also invest your bitcoin by mining and I am show you how with the help of the new Dragon T1 mining machine in the wealth aquired company.' by /u/cahil147 removed from /r/Bitcoin within 322-332min
04-17 06:33 - 'Make money online(with a good investment of $10 you get $20 in 48 hours), Looking for where to invest your money? bitcoin mining is the best trading company 1.Get your trading account well managed 100%with the latest t...' by /u/thomasmiles102 removed from /r/Bitcoin within 115-125min
''' Make money online(with a good investment of $10 you get $20 in 48 hours), Looking for where to invest your money? bitcoin mining is the best trading company 1.Get your trading account well managed 100%with the latest trading software 85% to 90%accurate 2.Investment is 100% safe. 3.payout assured 100% Contact me here on Reddit Get paid and your life will never remain the same... be your own boss!!! Inbox me for more info.... ''' Context Link Go1dfish undelete link unreddit undelete link Author: thomasmiles102
GMO Internet Group, a large corporation based in Tokyo, declared its investment plan: the company will place $320 million in the development of next-generation mining microchips. The company believes in the Bitcoin's huge potential that is a reason for such their decision.
12-21 18:03 - 'Russian company investing 1bn NOK (over 100mn EUR) in Bitcoin mining in Norway. Startup in February 2018. (Google translate)' (translate.google.com) by /u/nutticrypto removed from /r/Bitcoin within 94-104min
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