BadBear
v2.0
Legendary
Offline
Activity: 1652
Merit: 1128
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2011, 07:21:00 AM |
|
The cost of electricity is pretty irrelevant to the price, especially since a lot of miners aren't paying their electricity bills. Also, look at the FPGA miners people are working on, would mean electricity cost would be way lower than it is now, thus forcing non FPGA miners out of the market, and driving the prices even lower. I wish I could be as optimistic as some of you, but everywhere I look things are not looking good.
|
|
|
|
Bemtje
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 78
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2011, 07:32:35 AM |
|
I'm pumping out 18 GH/s and only averaging $250 a month for the whole house,,, 3,000 sq/ft.
|
|
|
|
bulanula
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2011, 01:16:17 PM |
|
The cost of electricity is pretty irrelevant to the price, especially since a lot of miners aren't paying their electricity bills. Also, look at the FPGA miners people are working on, would mean electricity cost would be way lower than it is now, thus forcing non FPGA miners out of the market, and driving the prices even lower. I wish I could be as optimistic as some of you, but everywhere I look things are not looking good.
100% true. Botnets also. Stolen coins also. Price is going down.
|
|
|
|
mrdavis
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2011, 03:01:17 PM |
|
The number of new bitcoins entering the market remains constant. Botnet operators may not hoard... err... speculate and will make the market price lower, but that just helps stop artificial bubbles. In 60k blocks or so the flow of bitcoins entering the market will be cut in half and then again in a few years after that. Mining is not the only way to get bitcoins and hasn't been the best way for quite some time. Buy them on an exchange. Trade some goods or services for them.
Most who treat bitcoins as an investment will probably end up disappointed.
So long as everything doesn't completely collapse. Everyone who thinks of bitcoin as a pseudonymous decentralized medium of exchange will be satisfied.
Not being a slave has value not comparable to USD.
|
|
|
|
mrblue
Newbie
Offline
Activity: 18
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2013, 08:38:15 AM |
|
Looks like OP made a big mistake... ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
RubberChicken
Newbie
Offline
Activity: 9
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2013, 09:04:29 AM |
|
This thread is awesome! Good find. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
jaredw
Newbie
Offline
Activity: 10
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2013, 09:45:47 AM |
|
I wish I'd got in on the speculating sooner, but bitcoin seems pretty robust overall and it won't stop being used just because only ASIC users can mine it and the value fluctuates insanely
|
|
|
|
Opsamk (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2013, 03:02:49 PM |
|
I regret this so much...
|
1GPsFkReoJi8isJk1Vyry7NVnL2qpaC9Ja Feeling generous? Send me some bits ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
Opsamk (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2013, 03:08:12 PM |
|
you still got 67btc, right?
Got me $300 last year, was proud of it and still am proud. Unfortunately I didn't recognize that investments need to be long-term to get the maximum benefits.
|
1GPsFkReoJi8isJk1Vyry7NVnL2qpaC9Ja Feeling generous? Send me some bits ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
Wendigo
Legendary
Offline
Activity: 2604
Merit: 1036
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2013, 03:11:26 PM |
|
Dude you missed out on $100 000 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
Opsamk (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2013, 03:25:19 PM |
|
you still got 67btc, right?
Got me $300 last year, was proud of it and still am proud. Unfortunately I didn't recognize that investments need to be long-term to get the maximum benefits. thats a shame...... no point looking back bro. I am very tempted to just blow $22k on a certain miner because I now know what bitcoin is capable of.
|
1GPsFkReoJi8isJk1Vyry7NVnL2qpaC9Ja Feeling generous? Send me some bits ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
Minecache
Legendary
Offline
Activity: 2310
Merit: 1024
Vave.com - Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2013, 03:52:04 PM |
|
We are all on a journey and who knows where it will take us so you shouldn't feel bad Sir. Even if this bitcoin experiment simply helps to loosen the grip the parasitic banksters have over us then every cent spent and lost is worth it.
|
|
|
|
WayTooGosu
Newbie
Offline
Activity: 56
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2013, 04:50:39 PM |
|
67 BTC is an insane amount to have. I am sure that a lot of that is profit so you did have a good run with BTC.
|
|
|
|
|