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Title: Can I make a million mining or is my math wrong? Post by: Blinken on March 16, 2013, 11:06:30 PM Hello, just naively prowling the web here and it seems like becoming a millionaire is a simple matter of mining a few bitcoins. However, my spidy sense says something must be wrong somewhere with my math. Maybe somebody here can straighten me out?
The bitcoin difficulty is currently 4,847,647 (16 March 2013) Avalon-asics is advertising a "unit" costing $1500 that performs 65,000 Mega hashes per second. Using a bitcoin mining calculator, such as TP's (http://tpbitcalc.appspot.com/) I find that 65,000 Mega hashes per second should result in an annual income of $114,747. So, assuming I buy 10 of these "units" I guess I should be making $1,147,470 a year. There is another company Butterfly that seems to be offering a "unit" with TERABYTE hashes per second which would appear to make me a millionaire considerably faster. What am I missing here? UPDATE------------------------------- Ok, on further investigation the devices appear to be webimaginary devices that do not actually exist except in the minds of their creators. That would explain it. Hey, everybody I got a 5,000 TERAHASH/s asic miner shipping very soon now (picture below). I am accepting orders right away, though. PM me to get the address to send your cash to. Cost is $15,000 per unit. The Blinken 5,000 terahash asic miner: http://www.valhallaarms.com/casemods/borg/images/bayside_large.jpg Warning! This thing is a serious power hog. Title: Re: Can I make a million mining or is my math wrong? Post by: glitch003 on March 17, 2013, 12:04:01 AM Wow, you seriously are an idiot.
Title: Re: Can I make a million mining or is my math wrong? Post by: Fiyasko on March 17, 2013, 12:37:10 AM Well, seeing as how his avatar icon is of a Literal Troll, this is what one would expect him to post.
Why people listen to known trolls is beyond me, I block them Title: Re: Can I make a million mining or is my math wrong? Post by: kalner123456 on March 17, 2013, 12:42:12 AM Well, seeing as how his avatar icon is of a Literal Troll, this is what one would expect him to post. Why people listen to known trolls is beyond me, I block them So how much would you make? :) Title: Re: Can I make a million mining or is my math wrong? Post by: crazyates on March 17, 2013, 03:38:13 AM UPDATE------------------------------- Ok, on further investigation the devices appear to be webimaginary devices that do not actually exist except in the minds of their creators. That would explain it. Hey, everybody I got a 5,000 TERAHASH/s asic miner shipping very soon now (picture below). I am accepting orders right away, though. PM me to get the address to send your cash to. Cost is $15,000 per unit. The Blinken 5,000 terahash asic miner: http://www.valhallaarms.com/casemods/borg/images/bayside_large.jpg Warning! This thing is a serious power hog. Ahahaha! Sock puppet if I've ever seen one. Title: Re: Can I make a million mining or is my math wrong? Post by: Noogsy on March 20, 2013, 05:25:41 PM Your math is wrong.
Move along, no Millions to make here. ;D Title: Re: Can I make a million mining or is my math wrong? Post by: farlack on March 20, 2013, 08:54:38 PM If anyone got first waves, they're making fucking bucks.
But by the time you get your 30 rigs difficulty will be 23498908x higher, making your annual income 5k per. Title: Re: Can I make a million mining or is my math wrong? Post by: Mike Christ on March 20, 2013, 08:56:41 PM If anyone got first waves, they're making fucking bucks. But by the time you get your 30 rigs difficulty will be 23498908x higher, making your annual income 5k per. Still, money you weren't making before ;D Title: Re: Can I make a million mining or is my math wrong? Post by: DrG on March 21, 2013, 02:41:02 AM You'll be able to mine 21,000,001 BTC with that thing!
Title: Re: Can I make a million mining or is my math wrong? Post by: BitCoinLoft on March 21, 2013, 08:28:33 PM Such a big (and silly) post to advertise a little shi***y link. LOL ;D
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