Bitcoin - The Currency of the Internet

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.

Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.

Escape From Tarkov

The unofficial Subreddit for Escape From Tarkov, a Hardcore FPS being created by Battlestate Games.

MRW When Max Bitcoin Farm

submitted by Blackflag2020 to TarkovMemes [link] [comments]

I have started unlocking some of the hideout things for the first time. Is getting bitcoin farm worth it?

I have started unlocking some of the hideout things for the first time. Is getting bitcoin farm worth it?
submitted by caracal5 to EscapefromTarkov [link] [comments]

gotta keep that bitcoin farm running

submitted by Shimadamada2200 to TarkovMemes [link] [comments]

Joined tarkov early this wipe, I recently got my bitcoin farm and have stopped dying so much. Now that I can actually spend my roubles on better stuff, what should I upgrade

I usually run a triton, 20 slot size backpack, class 3 armor, budget ak with 7.62 ps or 5x45 bp, momex/cold fear, and a ratnik helmet.
I was thinking of upgrading to the 6B13 for armor, probably a belt A+belt B, ANA alpha, or a Velocity systems for the rig. For backpacks would it be worth it to full send and get the 35 slot ones, or is it okay to stick to the 30ish ones which are cheaper.
For my AKs they all look the same, GP20 stock with pad, ak-100 handguard with a flashlight and rk-0 foregrip, SAW pistol grip, and dynacomp muzzle brake for AKM or DTK-1 for AK-74, and I was just going to look around for different mods for them. However what are people's thoughts on the more modern AK varients? And is it worth it buy newer AK variants of the 74 and M.
Edit: Totally forgot about headphones, never wear them, I probably should start buying them at this point I assume?
submitted by 173rdComanche to EscapefromTarkov [link] [comments]

Thinking about the best ROI is for the bitcoin farm and your daily schedule? I made the ultimate spreadsheet for that.

submitted by naam9 to EscapefromTarkov [link] [comments]

Bitcoin farm.

So this is the first time I've built the bitcoin farm (lvl 1) and I have a question, is it worth it?
If some one can explain me fast how the ratio of Graphic Card and Bitcoin produced is?
submitted by antropodochat to EscapefromTarkov [link] [comments]

Collecting Bitcoins from the Bitcoin Farm now resets the timer on subsequent Bitcoins

For example if you have a maxed Bitcoin Farm and you get one every 5 hours, and you wanted to collect them after 1 is made and you're a couple of hours into the next one, when you collect said Bitcoin the timer will reset to the full 5 hours.
Not sure if this is intended or not but what are your thoughts about this change/bug?
submitted by Ace0136 to EscapefromTarkov [link] [comments]

Please increase bitcoin capacity when upgrading bitcoin farm

I feel like I'm getting punished for not being able to log in everyday, each tier should +3 bitcoin capacity, or more.
submitted by BoldMoveFriendo to EscapefromTarkov [link] [comments]

Bitcoin farm resets progress when you claim before the farm is full.

If you claim your bitcoin from your farm when it's at 2/3 with 2 hours left on the third one, it will reset the progress on the current bitcoin.
Bug, or just me?
submitted by -Chibs- to EscapefromTarkov [link] [comments]

The water collector is so buggy. It'd be nice if this has two or three slots like the bitcoin farm. At least every time the filter runs out, you have 2 purified water produced. The current collecting system is a pain in the ass.

submitted by Conquest____ to EscapefromTarkov [link] [comments]

QOL Suggestion regarding Bitcoin Farm
Just thought that would make gathering and selling bitcoins a lot faster
Edit: My fist post ever. The screenshot was not directly included :/
submitted by Muggebatscher28 to EscapefromTarkov [link] [comments]

Bitcoin farms ruined the game for me

This is probably an unpopular opinion, but I worked really hard for some time to be able to establish a bitcoin farm, and even longer to get it to level 2. That's about as profitable for me as it can be based on the time that I have to spend on the game.
The problem? I have money to easily. Like way to easily. It was a grind to get it there, but now it's nearly limitless for my K/Dr. Since I don't die every raid, or every few raids even - I never spend my time not profiting.
This has made the game lose it's edge majorly to me. There is no fear of anything. Walk in like a chad, kill like a chad, sometimes die like chad, but no heartbreak, or anger, or anything. Just sort of, "Oh that's inconvenient", and I move on.
Some of you may enjoy that limitless gameplay, but to me it's boring. The factor of this game for me is that fear and hair raising style.
I know, I know. Wipes. However, it doesn't mean it's taken the hard edge away.
submitted by doc_strange82 to EscapefromTarkov [link] [comments]

Two Bitcoin farms in Bulgaria "borrowed" 1.25 million EUR in electricity in 1 year (approx)

Translated by Google Translate.
The bitcoin farm in Kyustendil stole electricity for BGN 2.5 million Two men were detained for 24 hours Updated: 14 Aug 2020 08:37 | 13 Aug 2020 13:58, Kamelia Tsvetanova The theft of electricity from the two farms for extraction of cryptocurrency in Kyustendil is worth over BGN 2.5 million. This was announced at a joint press conference by Filip Yordanov - Deputy Director of the Operation and Maintenance Directorate of CEZ distribution for Southwestern Bulgaria, Commissioner Vesko Rangachev - Deputy Director of the Ministry of Interior in Kyustendil and the administrative head of the District Prosecutor's Office Ivo Iliev, said Ivo Iliev. Representatives of CEZ and ODMVR established in two production facilities in the industrial part of the city the so-called farms for generating cryptocurrency, equipped with a large amount of equipment. Two people were found on the spot - aged 31 and 38 from Sofia. One of the two men has previous convictions related to crimes with payment instruments, said prosecutor Iliev and specified that they were also committed on the territory of Kyustendil. Illegal connection to the electricity distribution network was found in both "farms", which was done extremely professionally, said Filip Yordanov. He pointed out that according to preliminary data, the stolen electricity is worth over BGN 2.5 million, the same as the electricity consumption of Kyustendil for one month in the summer. According to preliminary data, this electricity was stolen in a period of six months for one site and three months for the second. "This is the largest theft we find," Yordanov added. Commissioner Rangachev pointed out that the police intervened after the assistance of CEZ employees was refused and they requested assistance from the regional directorate of the Ministry of Interior, but the men detained at that time did not resist the detention. The two have already been released after the 24-hour detention measure expired. The pre-trial proceedings against the two were instituted for illegal connection to the electricity distribution network and theft of electricity. According to the prosecution, the farms have been operating for about a year and a half. At the moment, the premises are sealed and the equipment in them is under guard, the prosecutor's office said.
submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

Just got bitcoin farm, does it consume the graphics cards?

submitted by Hi-iM-iDcoM to EscapefromTarkov [link] [comments]

Bitcoin Farming, Basic Arithmetic, and you

I have written this guide to dispel a common misconception I hear from this community - that putting more than one Graphics Card in your Bitcoin Farm is a great idea.
TLDR: The FIRST graphics card you put in your bitcoin farm generates a bitcoin every 20 hours. Every additional graphics card you put in your bitcoin farm generates a bitcoin every 333.33 hours. This information is misstated on the wiki and in many videos I've seen.
More Complicated Maths TLDR from u/Mekhazzio :
TLDR: The bitcoin farm has a base production rate that's much higher than the rate added by each additional graphics cards. So when investing, you shouldn't be looking at how fast the whole farm pays itself off, but how much time it takes your N>1 graphics cards to each pay for themselves, because otherwise you could have just been pocketing the pure profit from the base production rate the whole time.
At current therapist/flea-FiR values:
That is to say, adding a GPU to an already-running farm takes three weeks before you've stopped losing money on that GPU.

A pretty simple formula is utilized to determine Bitcoin Farming output. The payback period for your first graphics card is around 3 days. For each additional graphics card that you put in the payback period is over 20 days. The reason that this has confused so many people is that they credit the production from Graphics Card 1 to the payback period for the rest of the Graphics Cards.
Caveat 1: Escape from Tarkov is a video game and, at least for us players, not a business. Many video game players are completionists, and I will not begrudge anyone who wants to max out every single part of their hideout because it will feel like an achievement. This guide discusses the impact of bitcoin farming on your PMC's wallet. If you find utility in maxing out the bitcoin farm for the feeling of completion then you should do it and probably just close this guide and not worry about it.
Caveat 2: This guide will not address people who hatchet run or pistol run to put graphics cards in their secure container that will usually end up being non-FIR. There are too many variables (spawn rate, survival rate, replacement value of just doing normal Tarkov raids instead of hatchet runs) to do a decent analysis. If you end up with non-FIR graphics cards you should put them in your Bitcoin Farm.
The formula for bitcoin generation is as follows:
Let's simplify some unnecessary constants and make this look more like a normal mathematical function. All we have to do is multiply (1/49) * (0.15) to get this, which is equivalent and much easier to understand:
Now, let's get some ground rules for investment:
Caveat 3: Prices may change, blah blah blah, unless the IRL bitcoin market crashes the conclusions from this guide will still be accurate for the most part.
I will also note that I'm not going to include the cost for fuel needed for production. Because you can craft expeditionary fuel into mag boxes, as well as do other crafts on your workbench and med station while you have the power on, this cost is negligible. Furthermore, since my thesis is that putting more graphics cards in is not worth it, the fact is that I can prove this mathematically without even accounting for the entire cost category of fuel only strengthens my argument.
Using these assumed prices, let's take a look at some different cases.
Case 1:
Building a Bitcoin Generator and putting a single graphics card in.
To calculate cost, we add the cost of building the empty generator (300k) to the single graphics card (250k) to get 550k rouble investment.
Lets calculate revenue using our formula before:BTC Generated per Hour = 0.05 + 0.003 * (Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (1 Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (0)BTC Generated per Hour = 0.05
So we're generating 5% of a bitcoin every hour which means we'll get a bitcoin from our farm every 20 hours.
So, every 20 hours we are generating a product worth ~150k. Since we invested ~550k we need to sell:
550k investment / 150k roubles per bitcoin = 3.66 physical bitcoins in order to recoup our investment
Since we can't harvest bitcoins until they are full, we actually need to wait until we get 4 bitcoins at which point we'll be making a slight profit. Generating 4 bitcoins will take 4 bitcoins * 20 hours per bitcoin = 80 hours or a little more than 3 days.
Case 2:
Adding a second graphics card to our bitcoin farm.
Now, as discussed above I'm not worried about non-FIR graphics cards that you hatchet ran to find. If you have an FIR graphics card then you can sell it on the flea market for the 250k price that I'm using as an assumption above.
This concept is called opportunity cost and if you don't understand it I will troll you in the comments: Putting an FIR graphics card into your bitcoin farm is the same as purchasing one off of the flea market and putting it in your bitcoin farm because you had the opportunity to just sell your FIR graphics card for the same price that you can buy it.
With that out of the way, let's do some math on our 2 graphics card bitcoin farm:
BTC Generated per Hour = 0.05 + 0.003 * (Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (2 Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * 1BTC Generated per Hour = 0.053
So, for the cost of 250k roubles we have increased our bitcoin per hour generation by 0.003.
The first graphics card that we added to our bitcoin farm generates us one bitcoin every 20 hours, as discussed above.
The second graphics card that we added to our bitcoin farm generates 0.003 bitcoins per hour. To calculate how many hours this takes to get 1 bitcoin we do the math of 1 / 0.003 = 333.33 hours. 333.33 hours / 24 hours per day is 13.88 or roughly 14 days.
In order to recoup our investment from the 250k roubles we used to get our second graphics card we divide 250k roubles invested by 150k roubles per bitcoin = 1.66 bitcoins. We generate one bitcoin every 14 days, so we can multiply 14 days * 1.66 bitcoins = 23 days.
This math will hold true for every additional graphics card because the function is linear.
Thus, the payback period for your 250k investment in adding a graphics card past the first one to your bitcoin farm is 23 days.
To reiterate: The FIRST graphics card you put in your bitcoin farm generates a bitcoin every 20 hours. Every additional graphics card you put in your bitcoin farm generates a bitcoin every 333.33 hours.
submitted by Death4Chairman20x70 to EscapefromTarkov [link] [comments]

If i put a graphics card into the bitcoin farm will it remain found in raid?

submitted by pr1ncell28 to EscapefromTarkov [link] [comments]

When your Bitcoin farm is being upgraded will it still produce bitcoins?

Got a 10/10 farm and want to upgrade it.
The question is, will it still be producing those sweet sweet bitcoins whiles it's upgrading?
submitted by jeffwxng to EscapefromTarkov [link] [comments]

Boys, get yourself a girl that will check your bitcoin farm when you’re away on business

submitted by mrproperz to EscapefromTarkov [link] [comments]

Bitcoin farm profitability

So with bitcoin prices being around 160k, I was wondering if it was worth the investment of buying gpus for the farm, if so, how many is exactly worth it for the price of gpus right now. I just wanna know. Thanks
submitted by TjShadowPlayz to EscapefromTarkov [link] [comments]

Bitcoin farm still worth it?

I'm still pretty new to this game and have a bitcoin farm for the first time, at the moment level 1 with 10 gpu. Do you think it is still worth it to invest more in te farm, even up to the 50 gpu max?
I know last wipe took pretty long to arrive but I don't know if it will be like that every time, so I don't know if it will pay of before a potential new wipe.
submitted by herrjanneman to EscapefromTarkov [link] [comments]

Bitcoin farm too strong?

I maxxed out my bitcoin farm about one or two months ago. Grinded for it like crazy with scav raids, pmc loot runs, etc.
Now that that is done (and the rest of the hideout is maxxed) the money multiplies way too fast by itself in my opinion. Bitcoin farm makes me around 500-600k a day. The rest of the hideout probably adds an extra 200-300k a day to that depending how often i start the productions.
The feeling for the "expensivness" of a kit just feels gone...
submitted by Destinator3 to EscapefromTarkov [link] [comments]

Iran: over 1000 Bitcoin farms closed - The Cryptonomist

Iran: over 1000 Bitcoin farms closed - The Cryptonomist submitted by AlanOne89 to Bitcoin [link] [comments]

Inside a Bitcoin mine that earns $70K a day - YouTube Bitcoin Farming Guide  Escape From Tarkov - YouTube This Bitcoin Mining Farm Made $17 Million AFTER Expenses ... MASSIVE Crypto Mining Farm Tour  Bitcoin, Dash, and GPU ... Crypto Mining Farm at Apartment  January 2020 Update ...

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Inside a Bitcoin mine that earns $70K a day - YouTube

August 2020 Update - January 2020 Update on my Crypto Mining Farm at my Apartment. I'll be going over my mining rigs, my cpu rig... The Long-awaited bitcoin mining calculator is now here don't read below or else If you turn on the 🔔 i will be very happy please im begging you ---[👌]-[socia... Take a walk through a massive crypto mining farm, this video tour and interview will walk you through one of the biggest mining farms in the world. Subscribe... Buy a Antminer S17 on Amazon? Hmm... - Get One Of These Guys Instead! - Get An Amazon Basics Shelf For Mining - ... Bitcoin Farmer 3,194 views. 8:47. How To Earn Free BTC For Playing Games? Best Bitcoin Games Ever! - Duration: 8:03. TheAppsWorld 7,749 views. 8:03. What is Blockchain - Duration: 13:59. zlotolow ...