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Title: Fascinating miner article Post by: MEpatriot on January 09, 2014, 01:20:26 PM What do you guys think?
Heating his home for free, plus that kind of income for $400 a month in electricity costs? Not bad..if true. Of course, Oakland is nothing like the great white north where I'm at, but still.... http://www.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up Title: Re: Fascinating miner article Post by: tysat on January 09, 2014, 01:53:03 PM Quote Processing chips calculate faster when they’re hot I think whoever wrote the article has no idea what they're talking about. Title: Re: Fascinating miner article Post by: Sitarow on January 09, 2014, 02:40:08 PM What do you guys think? Heating his home for free, plus that kind of income for $400 a month in electricity costs? Not bad..if true. Of course, Oakland is nothing like the great white north where I'm at, but still.... http://www.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up Been done before by many of those in this community. However some of us would have more then just $400 power bill :) Title: Re: Fascinating miner article Post by: Meuh6879 on January 09, 2014, 03:06:36 PM a 1000w heater cost 20 USD and can heat a full room ... a bitcoin miner (10GH/s) ? it generate 40w and cost 460 USD. ::)
Title: Re: Fascinating miner article Post by: Gabi on January 09, 2014, 03:10:13 PM Quote Processing chips calculate faster when they’re hot I suppose this confirm the incompetency of today's journalists :-\Title: Re: Fascinating miner article Post by: russokai on January 09, 2014, 03:23:33 PM Quote Processing chips calculate faster when they’re hot I think whoever wrote the article has no idea what they're talking about. Yes I agree. It's laughable. Title: Re: Fascinating miner article Post by: MEpatriot on January 09, 2014, 03:36:39 PM Yea, I thought it sounded a little off, but thought you guys still might like to see it.
You think he was boasting, or do you think he's really made $100K? Title: Re: Fascinating miner article Post by: BittBurger on January 09, 2014, 03:58:24 PM Yea, I thought it sounded a little off, but thought you guys still might like to see it. You think he was boasting, or do you think he's really made $100K? I didnt read the article, but if the "BS" meter is going off becuase people don't believe he's made that much money, then I'd say you guys are wrong. I personally made $11,000 on the DOGE coin "thing" a few weeks ago, in one week. If he's mining alt coins, there are plenty of pump and dumps that are kicking out thousands and thousands of dollars on a cyclical basis. Its not BS. And with a rig that big, you can bet he's making the most on each pump and dump possible. Which means if I made $11,000 ... then he easily made $20,000. On just that one coin. If he's referring to Bitcoin only, maybe he's including the increase in value per coin. If he's referring to Litecoin - i know people that bought / mined 3500 of them when it was at $2.70 last summer who easily made $140,00 when it hit $52 .... So depending what you guys are calling BS ... it may not be. -BB- Title: Re: Fascinating miner article Post by: MEpatriot on January 09, 2014, 04:24:25 PM Cool!
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