Mining is generating BTC with really powerful computers by having them solve a cryptographic math problem.  They are only able to do that one thing, but they're REALLY good at it.

To start, all you need is internet, power, and a miner.  If you're investing 10k, I'd recommend buying 6 of these.  To get mining, you just need to setup your miners and point them at a pool of your choice.  There's plenty of them around here, I recommend BTCguild or Eligus.  Getting the hardware up is as simple as putting in your network and pool information.  If you go with the ones I recommended, there's a setup guide here

For a better explanation of how mining actually works, this video sums it up pretty good

The people that buy it wouldn't have much to gain by dumping it all at once (they'd actually lose quite a bit), so it seems like a lot of worry over nothing.  Reminds me of the mini crash after SR got raided.  Lots of weak hands selling, and the people that stayed in ended up on top (as always)

I ship worldwide if you pay for it

Preorders are the cancer of Bitcoin mining.  You may or may not get your hardware in time to get at least a little bit of your BTC back.  So many companies have run and delivered nothing that it's just not worth it.  Buy hardware that is shipping.  The ROI on preorders can look tempting, but you'll regret it when you end up with nothing to show for your coins

Miners will panic and move their hardware over to another pool, ghash falls back down to not a threat, then it happens all over again (unless somebody makes a better pool).  Not gonna do anything to the price

Price: Bitstamp x 1.07

BTC sent within 20 minutes of getting the code.  You must be able to get me a picture/scan of the receipt showing it was purchased with cash.  You're responsible for the reload fee.  No escrow.

Starting Price: .13

Shipping: .035 Ground by UPS or Fedex (my choice),  Shipped out within 2 business days of getting payment

End Time: Sunday 11:59 PM EST

Escrow: Squall1066 or DannyHamilton

Pulled out of a working S2.  Only has 24 pin, CPU, and PCI-e cables.  You can get the rest on eBay for $25 here.

Buump

Nice site.  Almost doubled my bonus and then lost it all

Username: cooldgamer

Thanks

HODL and keep buying as we go up if possible.  I might sell some after something massive (like tripling price), but for the most part I don't want to get off right before we go to the moon

Bet .004 a while ago and haven't gotten anything back yet

TxID: https://blockchain.info/tx/5c555bb65367f843b2546c62b8319904052269c9b927a6bca111dd57bfba426a

Edit: Looks like I won, but the site got taken down.

You might be able to make ROI, but there are a lot of factors to consider.  Space, electricity costs, time, etc.  You said you wanted a stable income, mining is about as far away as you can get from that.

For the $, I'd recommend you go with a couple Dragon 1th miners.  You'll get $25 off each for buying more than one.

At the moment it would make 0.0428 each daily

Power costs depend on your area.  Those machines use a little under a kW, so just multiply your kWh cost by 24 and you have the daily cost to run each one.

If you're talking about profit wise, it almost certainly isn't worth the time.  If you wanna get involved in BTC and play around with some hardware, it is

You can easily make some really nice cash selling your sig space.  If you're putting good content in it, I'd say you could make 12-15 posts an hour.  That's over minimum wage to sit at your computer and talk about Bitcoin.  You can also use it to kill time on your phone and make a few bucks while you're standing around.

To be honest, I'm not buying in if it hits $2.  That means something fucked up too hard to be recovered from.

Still open to buying by escrow if we can find one...

That's what I was saying... if you can scan/screenshot the receipt I'll sell you BTC

I can do the $50 with receipt

I don't get what the big deal is, banks over here charge you so many fees that you never come out on top.  They're just being more upfront about it

Bump