[15:58] <netritious> howdy
[15:59] <netritious> who's mining BTC?
[16:54] <twayneprice> netritious: It pretty much requires specialized hardware now.  :(
[16:55] <twayneprice> I was only able to mine about 10,000.  Just kidding.  I wish.  :)
[17:19] <wrst> twayneprice: you are my new best friend ;)
[18:44] <netritious> twayneprice: yeah i am looking into investing in said specialized hw
[18:45] <netritious> looks like i might have missed my chance by about six months
[18:48] <netritious> unless I want to lease out or go co-op
[19:07] <twayneprice> netritious: you can mine dogecoin with standard hardware, I think.
[19:10] <wrst> netritious: wish I had bought a lot of bitcoins when they first came out...
[19:12] <twayneprice> http://www.forbes.com/sites/ericmack/2013/12/23/the-bitcoin-pizza-purchase-thats-worth-7-million-today/
[19:17] <wrst> wow
[19:35] <netritious> That's so sad...
[19:40] <netritious> twayneprice: I'm ok with not using standard hardware if the payout is big enough. I mean, whatever crunches numbers best is what I'm interested in. From everything I've read, the new 20nm ASIC tech is going to mine a good bit.
[19:40] <netritious> At this point it's "go big or go home"
[19:41] <netritious> I've also read that mining in a pool is better though.
[19:53] <netritious> heck idk, was just trying to find out if it's fool's gold or not.
[20:10] <twayneprice> netritious: I think basically you have to get the latest equipment and then it will be good enough for a couple of months and then you'll have to get more.  I think it makes only slightly better than the cost of electricity, etc.  Unless you can run an extension cord to your neighbors.  :)
[20:12] <netritious> twayneprice: http://mining.thegenesisblock.com/ is pretty condemining. There aren't a whole lot of scenarios where solo mining provides a good ROI at least accoirding to that calculator.
[20:13] <netritious> *condemning
[20:13] <netritious> and *according lol
[20:35] <twayneprice> netritious: yup.  Most join a group.  I think you can go solo and make about $20/day with dogecoin, though.
[20:36] <twayneprice> http://twit.tv/show/know-how/74
[21:05] <wrst> the digital jesuit didn't see that coming twayneprice :)
[21:15] <twayneprice> Ah yes.  Father Robert.  :)