this whole world is a scam do’t just talk about bitcoin and coingeneration.com
http://money.cnn.com/2013/07/25/investing/sac-capital-charges/index.html?hpt=hp_t2
n a move that could deal a death blow to one of the country’s largest hedge funds, federal prosecutors announced criminal insider trading charges Thursday against SAC Capital, the firm run by billionaire investor Steven Cohen.
This question has been around for a very long time and never really seems to have a direct answer. Well? there isn’t a direct answer, and it depend on a person. For me, the answer is YES. Yes you can make money with a few computers running with the internet. I’ve been researching for almost a year now, and I can tell you YES absolutely you can make money. I have a few friends working hard, getting promotion at the company where they work, they also work as side job going around fixing and building stuff such as handy man, sure, they’re hard worker and they deserve big money. But, what about people like me, spending all their free time on the internet in front of the computer. Can I make as much money as them?, off course absolutely yes. So what have I been doing succeeding so far? here a few in no particular order.
I just got a check about $300 from Linkshare, this is one month worth of activities. Linkshare just a quick summary, affiliate network of mostly online store, from foods products to electronics gadgets that need your help to promote and in return you get commission. It really work and you can make money. The potential is unlimited.
Some of my previous blog entries, I indicated various ways to make money, the most popular one I recommended was google adsense, but they have a lot of rules policy you must follow and comply, and once they banned your account, it’s gone for every, next to impossible to get it reinstated anytime soon. The next most popular one beside being a publishers is to be an affiliate, promotes products and get paid by commission. If I can do it, you can do it, I started this blog not so long ago, being a non-native English speaker, I still spend a bit of time blogging daily, trying to get people like you reading and hopefully something interest you to click on some ads somewhere here on this page LOL.
Bottom line, blogging can still make money, in fact, some average blogger can make more money than a journalist working for news agencies.
Continue reading
As I mentioned many times on previous blog entries, BTC Bitcoin level of difficulty increase dramatically, for many miner it’s no surprise because the actual hardware for mining has been shipped and will continue to ship. Further more, on top of that, more Bitcoin Asic manufacturers are aiming for a much higher hashing power than what today being offered by Butterfly lab (BFL) or or similar manufacturer, forget about mining Bitcoin with USB eruptor tha mine at 300mh/s per piece it’s nothing compare to Butterfly Lab Jalapenos which had been shipped and aiming to complete all backlog by September this year 2013.
If you haven’t quit GPU mining yet, I don’t know why, but it’s clearly GPU mining no longer profitable, you would be loosing money big time paying for electricity, for those that get free electricity, as I mention it’s better be small amount, otherwise someone will find out and you will be in bigger trouble.
Don’t get me wrong, I think Bitcoin mining is still profitable doable if you have the right equipment and certainly not GPU, not USB eruptor, not FPGA, you got to have at least an ASIC machine to do so at minimum of 5-7GH/s which being sold and still one going shipped by BFL Butterfly Lab. Then invest some of your profit for future Bitcoin machine such as the one from KNCMiner.com which is cheaper than Butterfly Lab (BFL) which will ship in September also look like it, worst end of this year. So, how to play this game is use Bitcoin mining machine, and invest some of the profit for more better Bitcoin mining machine, get update and try to be the first to order these equipment so that you can get it first profit more, the last to get these machine will mine the least 🙂
Bitcoin BTC level of difficulty rise and rise double numbers GPU FPGA USB Eruptor no longer profitable
OK with all the money making opportunity online, whether scam or not, they’re paying, and they’re paying you via payza, moneyperfect, paypal, etc … which one is good and which one is not? which one is legiti and which one are not legit? Well!
Let’s just take at Paypal and Payza only. I used both. Not all of them are the same, they’re mostly for specific purpose. For instant, the coingeneration.com thingie will payout via payza and a couple other ones, but not Paypal, so yeah you would need payza account.
One person from a forum wrote this:
Quick BreakDown Based on my OWN Experience.
Paypal is good as this is much widely known. In fact we were almost 2 years with them until one day we got hit by their “UnJustice” – “UnJust” – “Unfair” Decision.
Payza(AlertPay) is also good as it can be alternative to people in India or any country that doesnt support Paypal but the downside was that there are lot of people having problem verifying their account and even withdrawing their funds. Their
(In the next day, i will be applying for their Payza
Moneybooker is what i recommend for now as what i noticed that they don’t charge any transaction fee.
e.g.
If i sell service, or someone pay me $100 USD
the amount i received is “EXACTLY” $100 USD unlike any other payment processor that charges fee for every money that was being received.
Liberty Reserve is good too especially when your into PPC sites. As payment is being received and traded good with LR Funds.
2checkOut as what i heard is good too as they can intergrate and accept paypal payments but the downside is higher fees.
Plimus is just the same with 2checkout too with some fees.
I never try those two yet but maybe in the near future i’ll do.
Although I mentioned multiple times in blog entries about ways to make a living online, ways to make money online … is it really possible? quick answer yes.
Yes, through hard work and dedication, similar to having a real job or a career. It’s really up to the person how he/she would like to work? To me, I had been working for a corporation for many years, I got laid off back in April 2012 after one month vacation in Vietnam, coincident or on purpose that they let me go after a long trip vacation.
After I got laid off, I immediately set priority: family health insurance! check; unemployment filing! check; live off few months without any income! check; and so those are priority. Then off to making a living online. Google Adsense, Adbrite, Chitika, linkshare, cj.com, and so on. Many wordpress blog. Youtube video. WordPress update sync facebook. Web design. Buy low sell high on ebay. Rebates offers. Freelancers. So I tried all those, and guess what? yes they all can make money, how much you can make depend on how hard you work, hey! if it’s easy anyone could have done it right? right. So there you go. I did it, I tested it, and I make money. So the answer is yes, you can make a living online through many opportunities.
In addition, Bitcoin mining LOL, might want to look into that also 🙂 Need initial hardware mining investment though and also keep your finger cross that Bitcoin value rise, otherwise you will be loosing money instead of making money 🙂
make a living online various opportunities are endless
One sad news after another. What’s going on behind the scene we don’t really know. AS more and more big merchants or services that allow you to transfer money that tied to Bitcoin cashing. Weeks ago or Dwolla shut down its operation with Mt.GOX, today another news OKPay now also shut down Bitcoin related transactions in and out, if it’s related to Bitcoin.
The end of Bitcoin coming soon at least already ended here in the USA, we cannot use OKPay, we cannot use Dwolla, we cannot use Wire Transfer related to Bitcoin somehow it’s traceable in/our source and destination. And I’m very sure, other big merchants if any left will get shut down as well, and then smaller one will become big, and then get shut down as well, it will not be a surprise. The only one alive now in the US is campbx.com but hearing news and rumor it will get shut down very soon, could be in the next few hours or days weeks months …
So there you go, say good bye to Bitcoin if you’re the in USA, move to another country, some where in Europe or Russia haven’t seen any big impact yet, but eventually it will get impacted big time world wide. US took major steps.
NOT! NOT! Bitcoin will still be alive!!! ??? off course it will, the communities although small at the moment will get frustrated and take matter into its own hand, I can see battle start to unfold soon between regulators government and the Bitcoin communities. Â Maybe it’s a good time now to cash all your Bitcoin if you can find a merchant that willing to accept your cash for Bitcoin. The reason Bitcoin will not died is if you use it as Bitcoin, and not cashing it to USD, it will work perfectly Bitcoin for Bitcoin, just know the conversion rate.
The New York Stock Exchange and Fidelity Investments will be closed on Monday, May 27, due to the holiday. Just in case you day trader or financial business doesn’t know LOL.
Some of us might recall a story where a guy with a paper clip start trading for a much higher value items, and the last time I heard, he traded up to a jetski wave runner then a car or truck, I haven’t check back since then, his goal was to get a house. Isn’t that something? start off with a paper clip to a car, goal is a house.
Well, that’s how it is for most of the rich people, they move money to make more money. You have $10, you move $10 such as lending to a friend and get interest back such as $1 back, now you have $11, with $11 you keep on doing the same thing over and over again, sometime you get small return, sometime you get big return. However like always, there risks involves, but less risks if you know how to do it safely, you would just money to a gambler and ask him or her gamble with it, chances are 50/50 you will never see that money again, but on the other hand he/she might double it for you. So, the safest ways many people now a day know are put in CDs account, money market fund, and so on. For risk taker like me, but again smaller risk, you can buy items such as Bitcoin from one exchange and turn around quickly sell it on another exchange to make money, you just need a lot of initial money to start such as $10K at least, this is somewhat call arbitrage “arbitrage is the practice of taking advantage of a price difference between two or more markets”
Anyhow, that’s the concept, move money to make money, one thing to watch for is the tax implication and government might be watching you every time you move $10K+ dollars. So maybe keep it to $9000 to be safe just in case, it just a flag, but you don’t want that risk, but you could if you’re paying for taxes on capital gain.
Yeah, I am, and I’ve been researching and what really motivated me is the current price of Bitcoin, it rised to at the all time high of over $43 per Bitcoin (BTC).
Although I’ve already purchased 2 Radeon HD 7970, 1 7850 and a 30 GH/s Butterfly Lab ASIC system will ship eventually in 6 months I think. The motherboard and 3 video cards I will receive them next week and probably start mining on Friday next week.
I have many questions though could not really find a consistent answer. For the new machine that are being designed to specific mine Bitcoin, why doesn’t the manufacturer use it to mine bitcoin instead of selling it? I figure they will make more money then selling it, I just don’t get it. Once these ASIC system are out shipped and users start using it, what will happen to the 10th thousand dollars GPU rig? since these rig will not be able to keep up with the 30 GH/s for about $600 vs $20,000 GPU 30 GH/s, I’m guessing they can always sell the GPU on ebay and buy the ASIC system. As more people are doing Bitcoin mining and more powerful equipment to do so in the market the level difficulty will become harder and harder, instead of getting 10 coins per day, we would be getting less than 1 for 30 GH/s device.
The last question would be, will the Bitcoin price rise or fall? currently it’s at the all time high of over $43, what will be the price in 6 months, 12 months, a couple years? will Bitcoin stay active forever or will get taken down by the government?