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They'll barely get a ROI given that the difficulty will soon rise again. Would have been better to just buy $2 million of coins from an investor.
i agree For every Amazon item you buy there has to be a Chinese/child labour manufacturer, a transport service and a website host to host the Amazon website. Guess which one makes the most profit? Don't judge people to take the decision to be the web host / transport / manufacturer. We can't all be Amazon, then we would be selling vaporized air and promises. It's perfectly sane if you have a low amount of money to burn on Bitcoin to just buy and hodl. But some investors should mine before we can actually spend a single Bitcoin, else our virtual account balance would just be sitting there in the dwellings of Cryptsy. |
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Many thanks DC6RFFPZcyphKucUCRwNYm6nPfXNy2K9Pg ^^
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 I am holding at this moment. Why? It's the difference between being rich and plebs. Balls of steel. I'm in it for the whole ride. $42k or $0. I invested a little of my net worth. Money I can miss and that I don't need. A commodity price knowing I tried. Get rich or die trying. |
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zz6wKYEQDg8M6LUsJKWMzAC1sW7oygDHt
Thanks in advance ^^
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I was screaming the last 2 weeks "bubble" and nobody listened. People were delusional, thinking of new paradigms, prices of 10,000 USD and so on. But history repeated, bubble popped and lots of people are now at a loss. Sadly, that's the name of the overspeculation game.
I believe prices of more than 250 are unsustainable and we will eventually get even lower. China is not buying, it's speculating. It's playing. Chinese are mostly gamblers, not investors.
So, see ya at 300s
What are you, are you twelve?  You can keep screaming till you are right at this point. If after a few years someone magically discovers a fundamental flaw that scares the shit out of people, or another thing comes along. You'll be there at the sideline too screaming: remember November 2013? I've said it that it was just a bubble. You are the same person that watches friends having a relationship and always criticizes that they will break up, and when they eventually do so after a few years you will say that you knew it all along. But the reality is that your friend gained experience in a relationship and had two years of sex in the meantime. Take a good damn hard look at yourself. |
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Goldcoin has a fantastic asset: its name  And that's about the only thing.  Wish I didn't invest in 2.5 LTC when they where 0.014 each but then again, I don't think there is enough room at the moment for coins to explode like Bitcoin does. There aren't enough places to spend your coins. I don't think this will be as great a concern moving forward as altcoins begin competing with Bitcoin. Consumers will inevitably find out about and begin using these attractive altcoins in turn taking away from Bitcoin's massive marketshare.
As a merchant I'd be scared to take all these alt-coins. Knowing a lot of them are shit. |
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You are going to cry when you need to replace the GFX card when it fails due to the strain being put on the card. |
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Hello all, Many people will say that buying a block erupter is a bad idea because at the rate the network difficulty is rising, they will never produce enough bitcoints to break even. I had an opportunity to discuss this with a friend today, and the fact is that you can actually still make money with a low yield device like a block erupter, so long as you pay for it in some form of fiat currency. This is true because of the rise in value of bitcoin against these currencies - a trend which is likely to continue. For example, take a place like this (randomly picked, no affiliation). Buy a block erupter here for $15 and put it to work today. According to the profit calculator at bitcoinx, the unit will produce 0.00033 btc/day at the current difficulty level. At $326/btc that's 0.10758 per day, which gives a ROI of 139 days. But, some say, difficulty increases will make the unit unable to ever break even. Let's say the unit produces the promised 0.00033 btc/day for just one month. The total sum produced would then be 0,0099, or roughly 0.01 BTC. You paid $15 for it, so if the BTC/USD rate just swings up to $1500 you have in fact broken even. These are super conservative numbers, it is realistic to assume the unit will produce 0,03 if you let it run for a year I think. It is also likely that you will be able to buy them for $10 rather than $15. With these numbers the BTC/USD rate in one year will only have to be 334, which is pretty much where it already is (my guess is that in one year, BTC/USD will be close to $1000). So, as long as you buy units with fiat currency, it should still be possible to not just break even but make a healthy profit with lowly block erupters. What do you think? -Michael You should not include an exchange rate increase in your profit calculations. If you pay 0.04BTC (or the equivalent in another currency) for a device that will only produce 0.01BTC (after operating costs) in its lifetime, then it is not profitable. If you want to bet on bitcoins increasing in value over other currencies, then just buy bitcoins. This assumes your only motivation is profit. This whole post is just to negate the buyers remorse. I've bought 27 of em for a few months ago for something like 6 BTC. I am currently at 1.11 BTC, if they pump out 2 BTC, given the current Bitcoin price, then I will have hit my ROI. Off course there is a gap of 4 BTC and so the ROI in bitcoins hasn't been met, but in fiat money it can eventually break even. +100 Just buy bitcoins if you think prices are going to go that high. If you buy the Bitcoins straight up vs the erupters you are going to make a lot more money. Also remember that buying the Bitcoins ADDS to the Bitcoin ecosystem directly, buying block erupters adds to ASICMINERS bottom line instead.
That's the consensus now, now we've seen the ASIC rush. Now it makes more sense to buy em instead. But remember the first ASIC equipment? They made a lot. |
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Thanks ^^ 6x2nEeinLxRRp53vveQ6ow2FzjbvyLhmhF
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Thanks E6dSfbXTwDLUNXEp9DVtXoio1JdW1ff7Ap  |
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g2cTdsE2Npn4g8nWZMCHcwaYr763HcabRK Thanks in advance |
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Thanks in advance
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Are there still? iDrogKFCSLsESBUr9rtupb1gX3aYDCCXs4
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Download MultiBit, it uses merkle trees so you don't have to download the entire blockchain.
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Something inside of me hopes this guy is right to some degree: https://bitcointalk.org/index.php?topic=326967.20However if I had a Namecoin (or Devcoin) for everytime I've heard 'big dump imminent' the past weeks when the BTC reached $150, I'd be a Bitcoin millionaire. I'll just leave this here:  |
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