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My name is Thomas Bennett
I am a bitcoin enthusiast, and a student
and an IT professional
You might call me an early adopter.
I got in well over a year ago when Bitcoin was about 3 dollars
uh... exchange rate
for one bitcoin. I was
losing money for a long time and then
the exchange rate went and up and up
and i'm a lot of money and i've lost a lot of money and
I have come out on top overall
so I consider myself a little bit of a bitcoin entreprenuer.
so this is the batcave. this is where and most of our migraines
mining rigs live. computer motherboard. that is my old
computer in there from highschool
and then you buy four graphics cards or
as many as you can fit in
uh... and then you have to buy a big power supplies the seven hundred fifty
watt power supply
uh... which is actually on a smaller end of a lot of these mining rigs
I like your use of the ikea lack tables
yeah the ikea lack table is
the cheapest table you can buy cheaper than making it ourselves
They are called the lack rack
yes we just went and bought them and they are stackable
and they are sturdy
and they do really well
Lets see, I am going to have to do some quick math
we will say
a hundred and fifty dollars a card
so there's 14 cards. so 14 times 150
equal so let's not two thousand one hundred dollars in video cards alone
and then you have to add on another two hundred dollars per motherboard so
that's another two hundred four hundred six hundred eight hundred dollars
this thing goes for about two thousand nine hundred dollars almost three
thousand dollars
how much do you suppose you have made off of this machine?
i have cashed out
probably fifteen hundred dollars u_s_ dollars and I bought
my home computer with their dad bought some nice new monitors and
uh... and I bought all of this equipment
with money that i have made from bitcoin mining money
so i'd say we're probably into the
five thousand dollar range
well i sold at $200 per bitcoin
I sold on monday
on thursday
is at two hundred sixty
thursday night
crash down to about 95
so I was selling
within a week of it crashing and made quite a bit of money
so my most
notorious
lose
I found a bitcoin exchange
which is simply a place where you can buy and sell bitcoin
with
u_s_ dollars
crypto exchange
and i noticed that their exchange rates were higher
a lot of the other exchange rates
so i put fifteen bitcoins into crypto exchange and started to treat it up for
u_s_ dollars
why had several hundred u_s_ dollars in crypto exchange
with the entire thing went belly up
they're an Australia based company so there is no chance of me
knocking on their door
there's obviously it's a decentralized currency so there's no
police force behind it there's nothing to enforce it
i have emailed them
several times open tickets and i simply
cannot get that money back so
about fifty in big letters
added today's exchange rates would be
one thousand five hundred dollars
so the price of the bickering education if it sounds like. that's that's
right