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Post new topic I turned $300 into $1200 in 3 months
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Author Topic:  I turned $300 into $1200 in 3 months
Gary Shepherd


From:
Fox, Oklahoma, USA
Post Posted 21 Nov 2017 8:26 am     Reply with quote

I know I'll get flamed for this and it might not be in the right section but here goes...

I invested $300 at this site

https://bitconnect.co/?ref=DroopyPawn

3 months later, it's worth $1200 and still growing.

It involves Bitcoin.

That's all I'm saying. You decide if it's right for you.

Pick on!


PS... If you decide to join, please list DroopyPawn as your sponsor.
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Gary Shepherd

Carter D-10 & Peavey Nashville 1000

www.16tracks.com
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Jon Light


From:
Saugerties, NY
Post Posted 21 Nov 2017 8:34 am     Reply with quote

The good news is that my computer's security blocked the website. As it should.
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Gary Shepherd


From:
Fox, Oklahoma, USA
Post Posted 21 Nov 2017 8:42 am     Reply with quote

Interesting. But I've been in for 3 months. The company has been going for nearly a year. Anyway, have a good day. Tune up that Bb lever.
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Gary Shepherd

Carter D-10 & Peavey Nashville 1000

www.16tracks.com
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Larry Carlson


From:
My Computer
Post Posted 21 Nov 2017 9:24 am     Reply with quote

Jon Light wrote:
The good news is that my computer's security blocked the website. As it should.


Yup......out of curiosity I clicked on the link.
Malwarebytes gave me the "Malicious Website Blocked".
As it should.......... Mr. Green
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I have stuff.
I try to make music with it.
Sometimes it works.
Sometimes it doesn't.
But I keep on trying.
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Wiz Feinberg


From:
Mid-Michigan, USA
Post Posted 21 Nov 2017 9:32 am     Reply with quote

The primary reason for any website involving Bitcoins being blocked by Malwarebytes', is because it detected a Bitcoin Miner Trojan that is foisted on visitors landing on those pages.
_________________
"Wiz" Feinberg, Moderator SGF Computers Forum
Security Consultant
Twitter: @Wizcrafts
Main web pages: Wiztunes Steel Guitar website | Wiz's Security Blog | My Webmaster Services | Acronis True Image | Trend Micro Security | MalwareBytes
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Gary Shepherd


From:
Fox, Oklahoma, USA
Post Posted 21 Nov 2017 9:37 am     Reply with quote

Yeah I just looked it up. Malware Bytes added the site on Nov. 4, 2017 because they think it's a Ponzi. It very well could be a Ponzi but I can tell you for sure that I'm being paid every day.

I knew I would catch flack over this post but I still wanted to share the link. I'm not offering advice, just info.
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Gary Shepherd

Carter D-10 & Peavey Nashville 1000

www.16tracks.com
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Wiz Feinberg


From:
Mid-Michigan, USA
Post Posted 21 Nov 2017 9:39 am     Reply with quote

Gary;
Can you check the scripts to see if there are any Minero, or Coinhive Miners loaded on the landing page?
_________________
"Wiz" Feinberg, Moderator SGF Computers Forum
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Twitter: @Wizcrafts
Main web pages: Wiztunes Steel Guitar website | Wiz's Security Blog | My Webmaster Services | Acronis True Image | Trend Micro Security | MalwareBytes
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Greg Cutshaw


From:
Corry, PA, USA
Post Posted 21 Nov 2017 9:50 am     Reply with quote

I use the Coinbase app on my phone to track Bitcoin, Ethereum and Litecoin. A $400 investment in Bitcoin 18 months ago would now be worth $7,000. It's now easy to get Bitcoin converted to cash or spend it online. It's now 2017 and this is another great way to invest as long as you don't listen to all the currency fearmongers in the government that BTW can't figure out how to tax Bitcoin profits.
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Gary Shepherd


From:
Fox, Oklahoma, USA
Post Posted 21 Nov 2017 9:50 am     Reply with quote

I don't see anything suspicious in the html. Just some java scripts for drawing the page and menus.

I AM running NiceHash miner here on my system. In addition to the bitconnect site, I've been mining bitcoin for about 3 months. I've made around $500 extra from it... and bitcoin price keep going up.

I figured since my computer is always on anyway, why not let it make some money. Makes a little over $5/day mining. Of course you need the right hardware for that.
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Gary Shepherd

Carter D-10 & Peavey Nashville 1000

www.16tracks.com
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Gary Shepherd


From:
Fox, Oklahoma, USA
Post Posted 21 Nov 2017 9:53 am     Reply with quote

In any case, I didn't want to start up a bunch of crap here. Just wanted to let people know what I'm doing. You guys can decide if it's something you're interested in or not. If you don't like how it looks, stay away. No harm to any of us that way.
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Gary Shepherd

Carter D-10 & Peavey Nashville 1000

www.16tracks.com
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Mitch Drumm


From:
Frostbite Falls, hard by Veronica Lake
Post Posted 21 Nov 2017 10:33 am     Reply with quote

I can't personally confirm it, but I've heard it said that the IRS regards Bitcoin as a capital asset and any profits made are subject to capital gains tax.

So, the IRS doesn't regard it as a currency.

Reports are that the IRS is seeking court permission to scan trading records in search of unreported capital gains.

Keep track of your cost basis. I guess you'd report any bitcoin gains on Schedule D, just like it was a stock.
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b0b


From:
Northern California
Post Posted 21 Nov 2017 10:58 am     Reply with quote

I've heard that Bitcoin mining uses a lot of processor power, slowing down your computer and draining laptop batteries. Wordpress recently blocked a plugin that was pushing a mining trogan onto unsuspecting viewers.

This stuff seems evil to me.
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-b0b- (SGF Admin) a.k.a. Bobby Lee ♪ CopedentsRice & BeanWine Country SwingStella
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Wiz Feinberg


From:
Mid-Michigan, USA
Post Posted 21 Nov 2017 11:57 am     Reply with quote

Gary Shepherd wrote:
I don't see anything suspicious in the html. Just some java scripts for drawing the page and menus.

I AM running NiceHash miner here on my system. In addition to the bitconnect site, I've been mining bitcoin for about 3 months. I've made around $500 extra from it... and bitcoin price keep going up.

I figured since my computer is always on anyway, why not let it make some money. Makes a little over $5/day mining. Of course you need the right hardware for that.


Could you elaborate on the hardware you are running to mine Bitcoins? Have you calculated the cost of the electricity above what your PC would normally use being on all the time?
_________________
"Wiz" Feinberg, Moderator SGF Computers Forum
Security Consultant
Twitter: @Wizcrafts
Main web pages: Wiztunes Steel Guitar website | Wiz's Security Blog | My Webmaster Services | Acronis True Image | Trend Micro Security | MalwareBytes
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Gary Shepherd


From:
Fox, Oklahoma, USA
Post Posted 21 Nov 2017 12:01 pm     Reply with quote

Mitch, as for capital gains, there would be nothing to report until a gain was realized (bitcoin was sold or spent). I'm just holding all of mine expecting the price to continue rising.

b0b, yes. Bitcoin mining use a lot of power and you need pretty good hardware. I doubt there's a laptop anywhere nowadays that could be profitable mining. Several years ago maybe, but not now.

I'm spending about $30/month extra on power now but making $200/month. Additionally, the price of bitcoin keeps rising. It was around $2k when I started 3 months ago. Over $8k per bitcoin now. That's a 4x growth already.

There's also the cost of the hardware (video cards) but I was already build a new system. I upgraded my wife's and kid's computers with new cards. They mine when not being used.
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Gary Shepherd

Carter D-10 & Peavey Nashville 1000

www.16tracks.com
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Gary Shepherd


From:
Fox, Oklahoma, USA
Post Posted 21 Nov 2017 12:02 pm     Reply with quote

Wiz, you need either ASIC miners, or in my case, video cards. I'm using GTX 1060 and 1070 cards. My 1070 runs almost all the time, and I play games on the 1060. The 1060 mines when I'm not playing or when I'm at work.
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Gary Shepherd

Carter D-10 & Peavey Nashville 1000

www.16tracks.com
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Wiz Feinberg


From:
Mid-Michigan, USA
Post Posted 21 Nov 2017 1:59 pm     Reply with quote

Gary Shepherd wrote:
Wiz, you need either ASIC miners, or in my case, video cards. I'm using GTX 1060 and 1070 cards. My 1070 runs almost all the time, and I play games on the 1060. The 1060 mines when I'm not playing or when I'm at work.


Thanks Gary.
_________________
"Wiz" Feinberg, Moderator SGF Computers Forum
Security Consultant
Twitter: @Wizcrafts
Main web pages: Wiztunes Steel Guitar website | Wiz's Security Blog | My Webmaster Services | Acronis True Image | Trend Micro Security | MalwareBytes
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George Rozak


From:
Braidwood, Illinois USA
Post Posted 21 Nov 2017 6:34 pm     Reply with quote

For another view... click here
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Greg Cutshaw


From:
Corry, PA, USA
Post Posted 21 Nov 2017 6:50 pm     Reply with quote

Most of the establishment that can't profit from Bitcoin is against it. That includes gov't, banking, investment firms etc. Want to know what's really not backed up by anything but printing presses, it's the USA currency. Lot's of people are making huge profits on Bitcoin so it's certainly not a fraud. Why be so afraid of something just because it's new?

You don't need to "mine"Bitcoin" to profit greatly from it. Simple old fashioned Bitcoin purchases and sales at the right time can yield great results. Much greater results than JPMorgan has been able to produce.
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