ok sounds reasonable. Like i said i'm not very smart. Looks like ill invest until a decent profit is made to join miners. thanks for the help

Cody here. poorest bitcoiner in the world

OK that narrows it down alot for me. so just one more question, would the increase in hash rate lower the cost of bitcoins or raise it? From what i see the exchange rate rose simply due to those who invested and bought as much as they could, so when then a rise in the hash rate could do two things , one make those like me not be able to afford them so making them more valuable or two the rise in hash rate was spread out between alot of people causing peer-to-peer exchanges more frequent lowering the value because people wouldnt be renewing them to the market.

I don't really know much about trading markets so i don't really know of the outcome. meaning if i do invest and buy them now at 25/piece and it drops due to the latter of the options then Im down some serious cash. so before I actually make my decision, is there any one that can predict with fact the outcome of the market.

Thanks for the welcome

Thanks I'll check them out.


*edit*
So even though my miner on my computer says difficulty 1 its still based of the networks difficulty?

How about running solo at the cheapest rig would be 4Ghash/s, at difficulty 1(or atleast thats what my miner says). would i make money quickly that way or is pools still my best shot at that point?

I'm currently running at 14.8Mhash/s which extremely sucks. Would it be in my interest to buy the cheapest ASIC miner for 140usd or is there an alternative option?