Of course he's trying to pump up his 30,000 BTC investment, he lost $5mill FIAT on it since July!  

I believe in Bitcoin, I'm just trying to figure out why it's declined from $650 in July to $470 now, with mostly positive news, investors and entrepeneurs alike trying to jump in, and increasing adoption.

Something's holding it back besides the proposed NY Bit license regulation, I just have no idea what it is.  

Definitely paper wallet or USB stick locked in a safe is the most secure.

Brain wallets are risky, especially if you develop Alzheimers, get a concussion, or get Amnesia somehow.

At least with paper and USB, your loved ones have access to it, in case you somehow pass.

Either Coinbase or PC based wallet like Electrum, Armory, Bitcoin core should work.

You should be able to pay in Bitcoin on Bitmain's website using any of these, just make you're sending to the right BTC Address.

Hey, if you're getting flamed, it means a ton of people are reading your guides.

You know the saying, "opinions are like #holes, everyone's got one."

Personally, I think your guides are a good starting point for the uninitiated.  Are they perfect, nothing is, but to a noob who's about to pull a trigger on a purchase, they can see at a glance that Bitmain, Rockminer, and Spoondoolies ship and BFL, Black Arrow, and AMT suck donkey schlong.

Keep doing what your doing, screw the haters:

Crytothrift is another auction eBay style website where you can sell goods:

https://cryptothrift.com/

If you use this forum, make sure you use escrow through a reputable member or service to provide a trustful transaction.

How do the price rise or fall?  Is that the general question?  Price volatility, small market cap, whale buys shit load or dumps their coin?  This is just general market activity.

If you're referring to alt coins, they're all generally pump and dump schemes.  Similar to penny stocks and pink sheet stocks.

Just stick to BTC if you're dealing with Cryptocurrency.

Easy concept.  See December of 2013 for an example of how people might get into Bitcoin to get rich:



Anybody that mined or bought BTC before that spike and held all their Bitcoin are now for the most part rich.

The days of mining with your CPU and video cards are over.

It's officially the ASIC era, even with alt coins.  KNC just started shipping their scrypt miner Titan, so even the shit/scam coins network hash rate and difficulty will skyrocket through the roof.

Pick the easy way out, and just BUY and HODL BTC.

Hey 20 chips at 25GH/s each for a total of 500 GH/s and 1BTC.  Bargain folks!   

If you guys are too lazy to put together your own miners (end sarcasm), then just buy one:



290 GH/s for about $300.  Ehh, still not worth it.

Wow, I'm actually quite shocked that the tone of that video clip was overall positive.   

Usually they'd fixate on Shrem, Silk Road, Gox, etc...but they actually focused on the positives and the potential.

Bravo CNBC UK.

There's no way I could sleep in a warehouse with all that noise, flickering lights, and industrial cooling.

Not least of all is breathing all that toxic air coming from miners, warehouse, power supplies.  Definitely can't be healthy long term walking around that place 24/7.

BTCGuild, Eligius, or Multipool.US for your multipool are all valid mining pools and pretty reliable with payouts.

Personally, I despise the banking system that wouldn't grant me a loan even though I was a loyal customer for nearly 18 years with great credit and multiple accounts(F U Bank of America), credit card companies that raise rates at the drop of dime and stick an annual fee on top, PayPal/eBay which sucks the life of any profit you thought you were making on a sale, and just any financial institution that preys on middle class on down.

I personally need a payment method/system/currency that won't constantly devalue over time like the "almighty dollar".  Not so long ago a full tank of gas was like $20-$30, a loaf of bread like $1, a gallon of milk like $1.50.  I know I know, inflation, but that's basically the counterpoint for having a cryptocurrency like Bitcoin.

Just my 2 satoshis on this obvious troll post.

You can use a small/mid size miner like say an Antminer S1 or S3 as a space heater in the winter time for you bed room.

That way you can earn some coin while heating those cold winter nights while you sleep.

$10k is about 21 Bitcoins.  You'll never mine back 21 Bitcoins no matter what hardware you buy, even with free electric.  If you continue to re-invest while mining, that's say another $15k to $20k down the drain that you'll never recoup.

I think another important factor you forgot even with free electrical costs, is the cooling costs required to cool $10k worth of equipment.  That's additional costs outside of the one you pay the electric company.  Whether it's home or small/medium datacenter, whether it's cheap Antminers or Spondoolies Tech equipment, you're going to have to pony up to extract all that additional heat.

$10k buys you 21 BTC, mining doesn't.  Easy decision.

People still write and pay with checks?!!!?   

I kid, but not really.  Why didn't your boy just buy it from LocalBitcoins or Coinbase?

If I were you, I'd just tell him "tough lesson learned".

If we're so stupid, why don't you lock the thread, since your thread title has been misleading this whole time?

Simple common sense applies here.

HaHa!  The old NDA defense to the Long Con.

Believe me, if they had working chips and miners, they wouldn't be so coy, they'd make sure demo/review units were all over the place, youtube videos, and plenty of marketing and actual photos and proof were produced.

Until they provide an actual miner to someone in this forum, they can't be anything other than a scam.

You're absolutely right, DrG!  It is possible with a fiat price spike of Bitcoin, and if he purchased it with fiat.    

If say Brian charged it or paid cash for those miners, then yes any spike up in value that exceeds his initial fiat investment is considered profit.  But, if he bought $1000 worth of BTC, then bought the miners for 2 BTC, say in this forum in the "Goods" section, then he'd probably wouldn't mine that 2 BTC back.  That's the only point I was trying to make, the BTC in, BTC out argument of ROI.

Otherwise, I agree 1000% will all your points.

So isn't that a good thing?  Why didn't you lock the thread since they honored their agreement, and did in fact ship a miner to you as promised before the 20th?  Maybe put an "Update" or "Edit" that you made a premature mistake by implying that Bitmain was not being "Classy".

I don't think you thought this all the way through.