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Title: Block Erupters.. How to bring in the profits Post by: BryanK on November 07, 2013, 10:35:42 PM Ok, So I'm a newbie here and recently just been reading and watching and learning all that people have to say. Like most people I thought, I'm going to make so much money from mining... Wait for it... Yeah right. So I've been mining for about 2 weeks (give or take) and have mined and successfully transferred .20 BTC to my wallet at CoinBase (https://coinbase.com/?r=525add3c00745f557d00005e&utm_campaign=user-referral&src=referral-link) (which i love) I got to thinking, calculating and kicking around some ideas. I'm a money type person, I love the stock market (I day trade daily) and will basically do what I can to make an extra buck, and in my eyes mining wasn't good enough nor quick enough. So what I decided I would do, is buy USB Block Erupters in bulk (lower cost per usb) and sell them on a smaller qty sale (higher price) With this method, I netted 62% ROI. All in about 2 days. So you don't have to be a mathematician to know that 62% ROI on anything is amazing. Much better and much quicker than "Mining" or Buying and selling Bitcoin... Okay maybe not selling bit coins, i guess it depends on when you bought.
Now, with that being said, I'm not saying that I don't mine. I currently have 3 9-port USB Hubs running 27 Block Erupters and a 8.2 GH/s Jalapeņo for a combined effort of approx 16.5 gh/s. I will most likely add more to the collection on my buying and selling of Block Erupters and soon to be Fury's. Lastly, I am a developer. I currently own and operate a software company (in which I will not be providing a name for) I was thinking about writing an app for iOS using the coinbase API.. Well, thats a bit about me. I'm still out looking for a reputable and reliable supplier in which I can get my hardware from (to keep and to sell). I hope that lends some insight on how I made money off of block erupters given todays difficulty :) Title: Re: Block Erupters.. How to bring in the profits Post by: Lauda on November 07, 2013, 10:47:45 PM Hello and welcome.
I wouldn't recommend anything in relation to mining right now, but if that's what you want then it's okay. Maybe you just like to do that as an hobby. Anyhow for buying I'd recommend that you take a look in this section: https://bitcointalk.org/index.php?board=137.0 |