but what would $480 of bitcoins bought when you bought your rig be worth today?
how many more btc would you own today if you had bought btc instead of mined? and current value of that 'btc gap' ?
add electricity costs and subtract current value of the equipment to determine if you're in the red or black.

no one's saying that you can't make a profit - just that the more the price goes up, you more you have lost 'potential revenue'.
it's as if you are betting that price won't increase much if you buy gear instead of btc in the market.

the good side is that if the btc are worthless tomorrow, you still own a computer and only lost some of its value.

If you aren't mining them yourself, then I suggest just buying them on the market. Reason being, if btc crashes, you own a computer if you did it yourself, but if you rent, you own nothing but btc. And much less (even after a whole year of mining) than you would have gotten with purchasing outright for the same money. The thing about mining is that it gets more difficult over time, and is compounded when more people join in.

check your private messages.

Came up with another one. The tidbit (aka tBC aka tidbitcoin).

You can thank me later  

payment sent ~~~

Be sure to submit/vote for a standardized trade name at bitcoinbonus' thread (http://bitcointalk.org/index.php?topic=8282.0)

(feel free to upvote 'bitbit' 'tidbit' )

I submitted Bit-Tot. That'll be 845 bit-tots , or 845 btt.

In case you don't like the hyphen, I also submitted bitbit. 845 bb.


They both have the advantage of sounding like toddler food or baby dinosaurs. Which implies that real men only play with real btc (jk).

edit: now I have decided the tidbit is my main entry.

Thank you for the promo    Hope more people sign up!

I am afraid that my definition of low risk is more conservative than yours. May I propose a counter offer?

$25/Day for all 3 GPUs and a jumbo bag of pretzel sticks and a carton of newport lights delivered to my door every tuesday, and fish oil capsules 1000mg delivered bi-weekly (day does not matter).