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Price lowered, realized that people don't sell gift cards at MTGox prices.
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Hello, I'm looking to sell a $25 Itunes Giftcard for 3.5 Bitcoins ($7.15/BTC well above any recent MTGox Prices) if you are interested please reply or pm me, and I'll get back to you ASAP..
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Whoo, I hadn't checked my GLBSE for a few weeks, came back and there was a BTC waiting for me. Up to 108 shares  |
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Just kind of wondering, when are dividends paid? Is it just any day of the week, but normally a weekend? Not that I'm complaining or anything, just wondering. On a side note, I'v been using my dividends to buy more stocks |
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My question is though, is this actually profitable? As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?
What do you mean by "just trade btc on mtgox"? Investing in a mining company is comparable to mining, with all the risks/gains involved, but without the hassle of actually doing the mining. I mean, just sell BTC for $6.50 (or whatever the going price is) on MTGox, wait for them to dip, buy back in. Repeat. |
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My question is though, is this actually profitable? As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?
That works out to about 37% return per year just on dividends. It's up to you to calculate whether that is enough for you or if you'd make more in another investment. cheers Just wanted some input from other people that had bought in. 37% isn't bad seeing as its a safe investment, or fairly safe. |
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My question is though, is this actually profitable? As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?
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Combine a raspberry pi, fpga miner, battery and solar panel. YOu could sell autonomous mining machines, they could scan for wifi, crack the code (if needed) and begin mining all while recharging the battery with a solar panel(which might be kind of hard, considering solar panels are not so great yet) It would still be cool to have one.
Put it all into a CubeSat kit and send it to space. You wont have to worry about the temps plus the solar panels would be much more effective outside of the earth atmosphere. I'm on it. I'll have to do some test runs first though, so instead of wasting all of the stuff sending it into orbit, Ill be launching various other things. I'm hoping bad dragon will sponsor me in my first attempts to Penetrate the atmosphere! |
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You could always put your computer + FPGAs into a freezer.
*Sarcasm doesn't read well over the internet*
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Yeah, the Raspberrypi could be a really nice money cutting method when they are officially released, they cost $40? I believe. And, in order to purchase more FPGAs wouldn't you need to sell more stock?
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Wait, the MHash is increasing?
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Well, I'm up to 76 shares, figured it would be worth a shot, anyone that has been in for a while have any thoughts about it all in general?
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Well, I bought in, and plan on buying more shares. This is pretty cool
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@above, when you go to upgrade a rig, it will say, this will cost 0 BTC, that's the coupon
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So everything from here on out is permanent? The chains are staying how they are, and the rigs are staying right? I just don't want to dump real BTC into the game, until I know everything is permanent.
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Well, there goes my 2 million earnies lol, but this game is cool, and I figured it would happen. Ok, so the official release date is 1/14 at 12PM CET, which is 6PM eastern time correct? So, could you post a 100% finalized list of what is happening with the reset? I read the entire thread over, and you changed your mind due to necessary updates a few times. Also, the game will be opening one hour early for testers correct? (11Pm CET).
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