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Bitcoin => Bitcoin Discussion => Topic started by: skottiejay on July 04, 2011, 09:28:57 PM



Title: Was just gonna set up a couple CPU's to mine, and find out about the price drop.
Post by: skottiejay on July 04, 2011, 09:28:57 PM
With all this speculation, I wonder if the price is going to continue to go down. I don't have anything in the way of profitable bitcoins at the moment, but was looking to put together something to bring in some coins, do you think it's too late for that or do you expect the price to rise again?

Me, I hope it rises again I'd buy bitcoins if I had the money to do so but I don't understand/know how that effects the market.


Title: Re: Was just gonna set up a couple CPU's to mine, and find out about the price drop.
Post by: Chick on July 04, 2011, 09:29:29 PM
With all this speculation, I wonder if the price is going to continue to go down. I don't have anything in the way of profitable bitcoins at the moment, but was looking to put together something to bring in some coins, do you think it's too late for that or do you expect the price to rise again?

Me, I hope it rises again I'd buy bitcoins if I had the money to do so but I don't understand/know how that effects the market.

Your CPUs are worthless for mining.

https://en.bitcoin.it/wiki/Mining_hardware_comparison (https://en.bitcoin.it/wiki/Mining_hardware_comparison)


Title: Re: Was just gonna set up a couple CPU's to mine, and find out about the price drop.
Post by: skottiejay on July 04, 2011, 09:32:56 PM
CPU/Rigs, I understand the whole GPU/CPU thing now what I'm saying is I was going to put together something a little more efficient for mining but with the price drop I'm not exactly sure it would be worth it. Not that it's drastic or anything but it's making me nervous.


Title: Re: Was just gonna set up a couple CPU's to mine, and find out about the price drop.
Post by: FlipPro on July 04, 2011, 09:33:22 PM
Cpu's are worthless just like this thread.


Title: Re: Was just gonna set up a couple CPU's to mine, and find out about the price drop.
Post by: CNMOH on July 04, 2011, 09:35:15 PM
Difficulty follows price. If the price goes down, so will difficulty, as people will be less willing to mine at lower prices, meaning you will get more bitcoins. The price doesn't matter.


Title: Re: Was just gonna set up a couple CPU's to mine, and find out about the price drop.
Post by: MaGNeT on July 04, 2011, 09:35:35 PM
CPU/Rigs, I understand the whole GPU/CPU thing now what I'm saying is I was going to put together something a little more efficient for mining but with the price drop I'm not exactly sure it would be worth it. Not that it's drastic or anything but it's making me nervous.

It can drop even lower and stay low... It can go sky high... No one can tell...


Title: Re: Was just gonna set up a couple CPU's to mine, and find out about the price drop.
Post by: Man From The Future on July 04, 2011, 10:56:09 PM
CPU/Rigs, I understand the whole GPU/CPU thing now what I'm saying is I was going to put together something a little more efficient for mining but with the price drop I'm not exactly sure it would be worth it. Not that it's drastic or anything but it's making me nervous.

It can drop even lower and stay low... It can go sky high... No one can tell...
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No-one? What about me? ;)