BINGO!!

Greed is a powerful thing. I doubt that there is only one entity going hard into ASICs, it will balance out.

1- That is my plan. I have a budget of about 2k in mind with 7970s (since the chart says they have big Mhash/s)

5- Definitely thinking of this as a long term deal. I'm sure plenty of miners who pulled piles of btc out at $.50 a piece hadn't recouped their cost at that time and now (if they held on) they are paying off their houses.  I'm pretty bullish on this.

 

First-   THANKS!!!

Second-   could I substitute 7970 for just a little bit more $$$ and get faster Mhash/s ?

(asking because in checking the chart the 7970 gets very high Mhash/s.... am I missing something? Is it that the 7970 create more heat and need a fan also or something like that? sorry I 'm a noob)

I am interested in starting up a mining rig and would appreciate any advice you can give me.

Budget- $1000-2000 (usd)

(1) Please let me know: what equipment you would recommend in that range?
and if you don't mind, be as specific as possible.

also

(2) What would be the best ways for me to learn in detail about mining? any links? books? videos?

            I have searched a bit and haven't found the in depth analysis and explanation that I would like.

(3) Is Litecoin mining the way to go?

         I was planning on going primarily into Litecoin mining, should I also Bitcoin mine? Is it difficult to do both on one rig (I've read that litecoin was made to be mined along with Bitcoin...)

(4) I'm not a programmer or a code writer (but I do have a friend who is a IT guy who can help me), I am willing to do a lot of reading and I have strong math and conceptual skills, am I retarded for trying this? or can a "regular guy" get a mining setup going and acquire some coins? (and hopefully return investment and eventually make money?

(5) Any guess as to what my ROI might be on that budget?
 I'm not trying to go ASIC because I feel like I would have had to order in 2012 to get that in time to use that advantage, also leaning Litecoin because I have read that it will not suffer as much from ASICs hitting the scene.


Any help or advice is much appreciated, thanks for reading!!

1J4sBX38pCd8p6538F5ihF8EGEDZrrR35c         Thanks mate!!!

Let me know how that works out for you, when you get your BFL asic in 2017 (if you're lucky since you probably won't get one at all)


and really, mainstream media is your source? Oh wait, this is an april fools day joke isn't it?  You got me you bastard

and there are adjustments that could be made to divide beyond that, making it theoretically infinite

thanks mate, little shit like that can really become annoying and I knew there was a quick fix!!

6-  How long does it take to set up a wallet and make a purchase?  (USD$ to bitcoin)

6b- what reading material/youtubevid/thread should I check out to get a grasp on this process?



7- What do you think of the current rise of bitcoin price and how that might relate to the financial shitstorm currently going on in Cyprus?

7b- is there any thread already in existence on here that discusses the Cyprus situation in relation to bitcoin? (here is your chance to call me names and tell me about the search function!)

You rock.

(2) I'm in the US and it is quite late and my kids are going to wake up early, so I'll be reading this all tomorrow, as well as any other suggestions I come a across, but many thanks.

(3) I'm on a macbook pro 10.8.2, on safari

(5) Indeed, the nipples are formed before our sex has been decided as I recall based on a bio class a long time ago, and as such we have the corresponding tissues for either gender and at a certain point things either become boy parts or girl parts.... I mainly threw the nips question in there to spice up the conversation, try it at a party... also, did you know that the female clitoris an the head of the penis originate from the same tissue? or that the scrotum, I believe, is from the same tissue that becomes the labia majora? food for thought, and I'm not a doctor so I could be wrong on that, it has been a while since I studied Bio or Anatomy.   

1a- What books/articles would you recommend on the general subject of bitcoin? (direct to kindle books or links would be lovely)

1b- What books/articles would you recommend on bitcoin mining?

2- What site is the safest/easiest way to buy bitcoin? 

(yes I'm aware that I'll be doing quite a bit of reading in the immediate future to guide my decisions, but I'd like to also get some opinions)

3- How the fuck do I get my laptop (macbook) to stop changing bitcoin to bit coin?

4- What interesting theories/concepts or recurring thread topics are there that I should familiarize myself with?

(for example the 51% attack, or "what would happen if someone bought all the bitcoins" and anything else that I should avoid asking so as not to be that guy.....)

5- Why do men have nipples?

I'm a newb, and I have a few annoying newb questions....



1- how the fuck do I get my computer to stop autocorrecting bitcoin to bit coin because it is pissing me off?

2- how do I start a thread?  **

**(nothing makes me feel like a new member of an online community like having a bunch of people tell me to use the search function while they call me mean names and I find myself craving that sense of belonging here)

maybe the shitstorm that is going on in Cyprus is driving an insane amount of traffic there.

I'm very much a newb, but it looks like the price has doubled in the last week, so my $.02 (essentially completely worthless) on the matter is that if the central bankers decide to pull some super-shisety shit and yank money out of bank accounts then that sends shockwaves through the banking community and people move their money elsewhere, gold is up quite a bit in that same time frame, however with so much gold already in possession and bitcoin being a fairly new currency a "big jump" to bitcoin would have a more noticeable affect of the market.

Just a guess.

Can anyone weigh in with data regarding verification times in the past to compare?