You cannot protect everyone. Eventually people will have to learn to wise up and do their homework before jumping head first. It's all part of the natural cycle. Unfortunate? Yes. But it's for their own good.

It's been well established that Scamcoin is a sham, and anyone who fails to see that deserves to get ripped off, as that's the only way they'll learn.

Exactly, and at the end of the day year you will either have X bitcoins or Y bitcoins. My question is, will X be larger than Y. the vallue per bitcoin will be the same, whether its $1 or $100, what matters is how many you have.




The $5000 is an arbitrary number. It's just an investment, $1 or $1million, that's up to the investor to decide. The variable here is what you are buying with the funds available.

From my perspective, no FPGA bought today will be able to beat a direct bitcoin buyout.
Unless you can write the cost of hardware off of your "taxes paid on capital gains", that's where things get murky, as I've presented a rather ideal scenario for hardware.

Are you still arguing with these trolls? Seriously, why are you trying to teach these pigs to sing?

Let the kids play in their sand box with their dog poo, not your problem 

Is this all assuming a stagnant difficulty?  




is that "not" factored in, or "noted"


EDIT: If you want a more accurate estimate, you should assume a constant increase and do a step integral like I did here, it makes a BIG difference when you look at long term returns.  

Oh man i would kill to get my hands on some of these, too bad importing them is illegal  



Only 1! BTC 

Sometimes you gotta do what you gotta do, and there's no two ways about it.  

Good luck and best wishes man.

I'd be interested in which premise you could come up with for this situation. As you can see, I'm doing a manual step calculation here, not an integral function.

And looking at those charts, since the crash, the difficulty has been climbing at reasonably steady rate of about 4.895% per retarget, so my assumption is pretty close.




The cost of electricity in a year for that scenario (using $0.10 / KWhr), is $356.
But that assumption is covered here:





That is true, but since the value of bitcion mining hardware is tied to how many bitcoins it can mine, that value is very low at the end of a year, and it's simply impossible to predict it's value retention. If you have a suggestion, I would love to hear it and take it into account here.



Please name one use of the FPGA that would yield more bitcoins than mining. If you are just predictiong that there may be a use some time in the future, then that is an even harder guess to make than the original question I posed.



I would like to point out that there are no set Tax rules for Bitcoin yet, but if we use them as investment options, as most people will probably do, then you bring up a VERY good point relating to hardware/electricity deductions.

Providing that Bitcoin succeeds (if it doesn't, then you're no better off if you'd bought bitcoins outright), then you make back the value of the hardware when you realize your investment by converting to fiat and subtracting the cost of hardware from the taxes you owe on your capital gains.

Brilliant  

I think having Bitcointalk as a general Crypto currency forum is exactly how such a forum would start. Bitcoin is after all the original crypto currency, and the rest are heavily based on its code. It's the primary currency, paving the way for the rest of them.

Except SC, that one can burn in hell 

Hey, if he can make a buck on re-selling these to someone, then all the more power to him  

EDIT: Thread crapping sure, but you make a very good point, even if it may not be in OPs interests 

These cards are expensive for the hashing speed they get, but are still excellent gaming cards, so this may do better on eBay than here.

Also try BitMit.net

I'm always concerned when a company has fancier graphics than products 

This would do better as a contest, but I'm sure the community will come up with something eventually 

Actually, if you look carefully I NEVER take the value of bitcoin into consideration, beside what I can get Today in terms of Coins or Hardware. It's as if you won a contest and got to choose between 1000 BTC or a 8.2 GH/s FPGA machine.




Looking at my previous model, given a steady difficulty increase, the total number of bitcoins mined looks asymptotic, which is really weird, to see the reward of 10 GHs reach 0.01 BTC per 14 days  

But that's what the calcs show, and plugging in 3,300 MHs, at 5% diff re-targeted at 14 day periods, yields 348 BTC in a year, and only 417 four years later.

Oh yeah, I almost forgot the user interface...

 

Just saw BFLs next offering:



666 Terahashs/s

ALL the kilowatts

That's because it doesn't matter what they're worth in $ if what you're interested in is how many bitcoins either option nets you in 12 months.

And if it weren't for the 12 week delivery (during which you miss out on ~300 BTC), I'd gladly forego the 200 BTC difference and electricity costs if it meant I got to have a piece of kickass Bitcoin Mining hardware which may one day become a Bitcoin Artifact of sorts.

Good thing there's an "Ignore" button, to shut out the trolls 

That's because my question is based on a decision made today.
As stated previously, generating bitcoins does not depend directly on the value of bitcions.

ie, if you bought 1000 coins today ($5k worth), and a year later your hardware ($5k worth) would have generated 821 btc, you're still ahead if you had bought bitcoins outright, whether BTCs are worth $1 or $100
The value of the hardware however needs to be accounted for, as is the delivery time of said hardware.


That's what I'm assuming. Unfortunately you can't plug a GPU into the wall and just mine away.



Looking at those they seem like cherry picked numbers and cannot be found in bulk.

Also the avg hash rate for a 5830 is 300. Not bad for a $100 card tho.

And if you've ever run a rig for over a month, you know a $50 PSU just isn't gonna hold up.

How do you do that? $0.4 per MHs sounds unrealistic.