Bitcoin Forum
September 05, 2024, 08:17:03 PM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Other / Beginners & Help / Re: Mining is technically the industrial revolution of the computer age on: January 15, 2014, 11:40:59 PM
You are correct in your assessment, love the insight.
2  Other / Beginners & Help / Mining is technically the industrial revolution of the computer age on: January 15, 2014, 07:26:47 PM
Wouldn't it be safe to say that since the inception of the computer, it has revolutionized how we interact with each other, including our efficiency, interactivity, and everything in between. However, I believe from a monetary perspective, mining is extremely promising, but does carry a lot of risks for new adopters; but risks that are mitigated in light of the alternatives to investments. Ive noticed that cryptocurrenices offer faster returns that any bank interest to date and surpasses real estate investments as well year to year on average (although the staying power remains to be seen). Even Brick and mortar business run at less profit and are more speculative that Mining, on average and it wouldn't be a stretch to say that the ceiling is extremely far far away, in both the Btc and alt coin sphere; anyone who is now getting into mining should not look at it in comparison to how quickly us early mining adopters received our ROI, but instead review it in light of the alternative "safer investments" out there. It's not a stretch to have your ROI on an alt coin GPU mining rig within 1 year or less, with the inherent value in both the equipment as well as the power it outputs. With new alt coins being created every day, there is room for growth and expansion.

My two cents. Please bump or burn appropriately Smiley
3  Other / Beginners & Help / Re: Alt-Coins on: January 15, 2014, 07:02:55 PM
I actually think the alt-coin world can go one of two ways, either its going to get tiered in to those with support teams, and then those without (the clones); there will be a ton of coins and it will depend on the marketing of the coin in order to make it viable or or not.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!