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Title: New Player in the game Post by: mrMIGHTY on August 23, 2013, 01:47:14 PM Hello Guys, :)
I'm new to the forum, but I have been reading about bitcoins and mining for a year. I am planning to join a groupbuy for a teraminer with 5 BTC. Since, its gonna be the most innovative and fast hashing device makes me think that I can at least repay back my coins with a little profit. I am very serious about my coins and the whole business model, but I am not doing this for living. I hold a very good job as a web developer and I am doing this just for the sport... I'm a geek in general and I spent like 10 hours daily on the computer. My question is: if we start the mining process in Jan'14 do you think that I will be able to make a small profit from my 5 coins. Title: Re: New Player in the game Post by: greyhawk on August 23, 2013, 01:49:25 PM no
Title: Re: New Player in the game Post by: Kluge on August 23, 2013, 01:53:05 PM According to default projection on http://mining.thegenesisblock.com/ , it should be profitable to run from January to March making ~.2BTC before it costs more to run than it mines.
I think they have a pretty harsh default projection, though. I think it'll be profitable to run from January to July and mine ~2BTC. ETA: Oh, hey - just realized I fucked this up! Title: Re: New Player in the game Post by: knight22 on August 23, 2013, 01:54:20 PM Short answer: only God knows
Title: Re: New Player in the game Post by: mrMIGHTY on August 23, 2013, 01:56:31 PM Thanks guys.
I though terraminer is gonna be the sh*t.. but maybe not? 55ghz for 5 btc sounded like a deal to me So, Whats the best option to invest 5-7 BTC right now and make them back with a small profit. Title: Re: New Player in the game Post by: greyhawk on August 23, 2013, 01:58:14 PM I think it'll be profitable to run from January to July and mine ~2BTC. Profitable as in "produces more in BTC than it consumes in electricity"? Or profitable as in "paid for it's inital cost by producing more in BTC than it consumes in electricity and is still producing more in BTC than it consumes in electricity"? Because the former isn't really profitable at all. Title: Re: New Player in the game Post by: saif313 on August 23, 2013, 01:59:35 PM NO :(
Title: Re: New Player in the game Post by: Kluge on August 23, 2013, 02:25:58 PM I think it'll be profitable to run from January to July and mine ~2BTC. Profitable as in "produces more in BTC than it consumes in electricity"? Or profitable as in "paid for it's inital cost by producing more in BTC than it consumes in electricity and is still producing more in BTC than it consumes in electricity"? Because the former isn't really profitable at all. ETA: Actually, I misread the data. The latter. @OP Q: Being totally honest and caring here, not trying to be a degrading dick or anything like that. Your best bet is to keep the coins for a few months if you're just looking to make money. Check in every couple weeks. If you really have to do something productive with it, use it for your own productive purposes. Bitcoin's a great tool for investment... there just isn't much to safely use it for (as far as investments go). Title: Re: New Player in the game Post by: greyhawk on August 23, 2013, 02:28:15 PM ??? Just steal it. Hmmm, interesting. That opens a whole lot new venues. :o Title: Re: New Player in the game Post by: bitcoindigi on August 23, 2013, 02:29:19 PM welcome!
I'd recommend you to just buy BTC instead of investing in miners. The risk is not worth it. Title: Re: New Player in the game Post by: Lauda on August 24, 2013, 09:32:21 AM welcome! This. Then join a market like www.cryptsy.com and start trading the alts and earn money.I'd recommend you to just buy BTC instead of investing in miners. The risk is not worth it. Title: Re: New Player in the game Post by: demzie on August 24, 2013, 09:34:28 AM Tip: Invest in labcoin on btct.co ;)
Title: Re: New Player in the game Post by: Lauda on August 24, 2013, 09:39:10 AM Tip: Invest in labcoin on btct.co ;) Tip: Invest in "random" on "random".. because well, it's a tip. ::)Title: Re: New Player in the game Post by: demzie on August 24, 2013, 09:39:56 AM hahaha ;)
Title: Re: New Player in the game Post by: Cfarley on August 25, 2013, 02:53:17 AM At least a couple months if you stick with it. Especially with difficulty going up the way people are predicting.....
Title: Re: New Player in the game Post by: Pinwheel on August 25, 2013, 03:31:29 AM Hello Guys, :) I'm new to the forum, but I have been reading about bitcoins and mining for a year. I am planning to join a groupbuy for a teraminer with 5 BTC. Since, its gonna be the most innovative and fast hashing device makes me think that I can at least repay back my coins with a little profit. I am very serious about my coins and the whole business model, but I am not doing this for living. I hold a very good job as a web developer and I am doing this just for the sport... I'm a geek in general and I spent like 10 hours daily on the computer. My question is: if we start the mining process in Jan'14 do you think that I will be able to make a small profit from my 5 coins. http://mining.thegenesisblock.com/a/c1ca4b3013 Title: Re: New Player in the game Post by: fildza on August 25, 2013, 03:35:48 AM Buy or work for bitcoins
Title: Re: New Player in the game Post by: Mooshire on August 25, 2013, 03:37:50 AM Welcome to mining :P
Title: Re: New Player in the game Post by: dwdoc on August 25, 2013, 03:56:55 AM Hold one btc.
Buy one btc worth of labcoin stock. Buy one btc worth of a miner group buy. Invest one btc in coinlenders. Buy 4 USB miners. Title: Re: New Player in the game Post by: b!z on August 25, 2013, 08:20:39 AM I think buying a cheaper ASIC would be a better option.
Title: Re: New Player in the game Post by: sealberrder on August 25, 2013, 08:24:25 AM My question is: if we start the mining process in Jan'14 do you think that I will be able to make a small profit from my 5 coins. It is like gambling, no one know the answer for sure. Title: Re: New Player in the game Post by: demzie on August 25, 2013, 08:29:44 AM Tip: Invest in labcoin on btct.co ;) If you had purchased 1785 shares for 5 BTC the day of my tip, today you would have made 1.6 BTC profit.. That will never come with USB sticks :) Title: Re: New Player in the game Post by: Lauda on August 25, 2013, 11:19:40 AM Low profit :P
Title: Re: New Player in the game Post by: demzie on August 25, 2013, 11:28:39 AM Title: Re: New Player in the game Post by: Lauda on August 25, 2013, 11:44:23 AM If it was 16btc i might have actually bought them :D :P
Title: Re: New Player in the game Post by: demzie on August 25, 2013, 11:47:17 AM 1.6 profit on 5 in 24 hours..
Hahaha thats not a everyday event. Title: Re: New Player in the game Post by: Lauda on August 25, 2013, 11:50:49 AM 1.6 profit on 5 in 24 hours.. or lose 5 btc in 24hours on a risk. Not worth it :PHahaha thats not a everyday event. Title: Re: New Player in the game Post by: marcovaldo on August 25, 2013, 12:44:18 PM You will be rich by 2015 yes :D
Title: Re: New Player in the game Post by: Lauda on August 25, 2013, 01:21:25 PM You will be rich by 2115 yes :D I fixed that :PTitle: Re: New Player in the game Post by: saif313 on September 05, 2013, 08:16:10 AM I recomend you just hold your btc its going up and its better for you and profitable also
Title: Re: New Player in the game Post by: Lauda on September 05, 2013, 11:55:57 AM Buy and hold. Better than to mine.
Title: Re: New Player in the game Post by: sr_miner on September 05, 2013, 01:01:28 PM Buy bitcoins and hold them... ;)
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