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Author Topic: Bitcoin 101 - Intro to ASIC Mining (Learning Video)  (Read 983 times)
RchGrav (OP)
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August 30, 2013, 05:58:01 PM
Last edit: August 30, 2013, 06:28:03 PM by RchGrav
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On July 11th 2012 I sent 186.4332 BTC to ButterflyLabs to get my very own Single SC ASIC Miner...

That day has FINALLY arrived..    I am overjoyed to share with you this video.

Bitcoin 101 - Intro to ASIC Mining


http://www.youtube.com/watch?v=zBBB2JSLftI  


At first I was a little concerned about sending BFL a large chunk of the 200 BTC I swore I would never spend.. but now that I see the SHEER POWER of 60Gh/s.. well its just a great awesome super day.

And to think...  I almost didn't do it and just held onto those 186.4332 BTC.

Anyway... On with the show.


(*I hate to need to explain "the joke", but, over the course of this 4 minute video my profits go down to nothing, because difficulty is rising exponentially and EVERYONE is getting ASIC miners, so the BTC get smaller every pay out. So, after about 2 days I have about 1/2 a bitcoin.. I wonder how long it will take to get the 186.4223 BTC ROI back, yeah right?... Eh, who cares.. its all in good fun I guess.. Sigh.)

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