And you can also sell PMBs on various exchanges. Take for example TAT.VIRTUALMINE ( https://bitfunder.com/asset/TAT.VIRTUALMINE). It can be bought and sold on the BitFunder platform (and previously also on BTCT before it closed). It pays the mining revenue of 1 MHash/s per share every day in dividends and the current price is around 0.1 mBTC per share, so you get 1 GHash/s for around 0.1 BTC, a price very similar to what cex.io offers. Yes and pretty much all of them were (and still are) too expensive to be worth it. The only people that made money are the winners of the "hot potato game" those shares are. TL;DR: bad investment choice |
|
|
|
|
There are too many wrong expectations about Bitcoin mining, it will not earn you a profit.
But you should learn about the Bitcoin system in general, it's way more than just mining.
|
|
|
|
With BTC rate high enough, I envision a field of "Bitcoin treasure hunters" developing. People will just hunt down and buy pre-2012 PCs and hard/CD/flash drives on an off-chance that they were used in early Bitcoin mining and contain unredeemed/abandoned coins. Even the slightest chance to recover a couple of BTC every once in a while will be enough to finance such endeavors.
rofl, I've got exactly the same idea after reading that story today  The price is probably still too low for that yet though. |
|
|
|
And hows that an advice for newbies?
Bitcoins are not for normal people anymore. You will only lose money unless you have hughe budget to get specialized ASIC miner farms. Or tons of money to do real trading for profit.
THE sha approach killed bitcoins - at least script doesnt have specialized megahardware to abuse the mining.
So in short .. .bitcoin is controlled by large shareholders and peopel with lots of money - in a way it has failed as a digital currency.
If any scrypt coin gets large enough, there will be Asics for it. Will you call the coin dead once again and move to the next one? Mining is as important for normal Bitcoin users as logistic companies that transport gold are for gold users. |
|
|
|
And if you want, why not buy mining gear?
Because that's a terrible investment choice right now. |
|
|
|
i'd wait until the price drops again I don't see it staying as high as it is right now.
That's pure speculation, but of course the price could go lower. You could buy only some now to avoid missing the boat entirely and buy more if it drops to get a better average. |
|
|
|
from the articles i'v read for now only Thailand made it illegal. They aren't illegal in Thailand, the articles are just repeating this false statement over and over again. |
|
|
|
|
Buy a small amount of Bitcoins first to get used to it (especially how to store them securely).
Avoid the tons of other investments that are going on here, unless you really know what you are doing (altcoins, mining equipment, securities)!
The biggest risks are trojans stealing your Bitcoins (avoidable by storing offline) or you screwing up something (e.g. accidently deleting the wallet, having no backup)
|
|
|
|
there was some discussion on making provably unspendable outputs using custom scripts on the bitcoin development mailing list here. Will Guess I have to be more careful using the word "impossible"  |
|
|
|
A point that myself, and no doubt others, have already made here on Bitcointalk. It's possible that the asset sale may be put off while the US government decides what it's long term position on cryptocurrency will be.
If there are any plans to illegalise cryptocurrency, they will destroy the coins. Sent to eater address oblivion, or recorded destruction of the private key... without revealing the actual private key in the process of recording the destruction? Is there are way of provably destroying a private key!?!?!?!?!?! Seems self-repudiating.
No it's impossible to prove, because there is no way to know if another copy of that key exists. The only possible way to prove destroying the coins would be sending them to an obvious eater-address. |
|
|
|
Guilty by association comes to mind This is one of the worst ideas in human history ever. Sure they are probably heavily influenced by having a bad father. But you are denying them any chance of being good (-> being born guilty). If everyone judges them for something they didn't do, why should they even try to do good? It's like throwing you into prison, because your grand-grand-grand-father murdered somebody. You logic can lead people to dark places that are far worse then stealing people's money. Indeed. |
|
|
|
|
Nope, you are right.
Atm buying into Bitcoin mining is very risky and most likely will make you lose money or at least gain you less money than buying&holding Bitcoins.
|
|
|
|
bubble will pop sub 150 - the bitcoin value has risen to high too fast, a crash is inevitable, i know i won't be the bag holder, i'm looking forward to cheaper coins
Bag holder? Do you think it will never rise to that level again? Why do you want to buy "cheap coins" then? Missing a swing (that may or may not happen) isn't bag holding. |
|
|
|
Watch out for relevant news (e.g. News forum here, reddit.com/r/Bitcoin) Understand how Bitcoin works (distribution of new coins, limits and so on) Watch some chart-websites like http://blockchained.com/http://bitcoinity.org/markets/mtgox/USD (important charts: Mtgox, Bitstamp and BTCchina) Or if you are feel like being esoteric today, join those people with their chartanalysis in the speculation board. |
|
|
|
|
Don't buy mining hardware, unless you really know what you are doing, there are tons of ways to lose your money that way.
It's very likely better to buy Bitcoins directly instead of mining them.
Bitcoin itself is not a scam, but companies using Bitcoin can be a scam.
|
|
|
|
You're a happy guy, aren't ya? This time I think the bubble will pop harder, lower.
$100 drop starting from $500? |
|
|
|
Wieso sollte sich Trading nicht lohnen?
Da kann man doch eigentlich nicht wirklich Verlust machen.
Ich habe hier zwei Marker für diesen Post "nicht erkennbarer Sarkasmus" und "doof". Welcher ist der Richtige? Es gibt mehr als genug Leute die sich ordentlich verzockt haben. |
|
|
|
Dies bedeute also auch, dass all diese USB Miner nur noch zum sammlen oder als Deko zu gebrauchen sind da die Ausgaben nie wieder eingenommen werden können?
Jap, es bedeutet genau das. |
|
|
|
You and several other people blacklist it and vow to never accept bitcoins from that address.
And the rest of us will accept them and they will propagate out to the whole network.
Unless nearly all Bitcoiners blacklist them (and I doubt this is possible), they would spread more and more among the people who accept them. Then you have two versions of Bitcoins that aren't able to trade with each other... So yeah, awful idea. |
|
|
|
|
Show Posts
