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December 30, 2013, 02:40:42 AM |
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So, I've been reading some of the threads on cex.io and from what I understand, most people seem to think it's a waste of money to buy GHS there. I have no reason to doubt this, however, as someone who has invested no actual money into my bitcoins, I'm trying to figure out if there's any way for it to actually be a loss for me.
I own about 0.0001 BTC at the moment, since the only way I've been making them is by clicking links whenever I remember to. (Until I understand more of the workings of the technology and the economic market, I'm not going to invest any of my money, since I'm far too broke to speculate in anything.) I have no way to do any mining on my own, even pool-mining, since the beginning investment in hardware I would have to do far exceeds anything I would be able to make back. Unless I'm completely misunderstanding anything about the system, the only money I could lose would be the fractions of BTC that I didn't buy in the first place? And as long as GHash.io is doing any mining whatsoever, I should be increasing my amount of BTC, even if it's by very small amounts?
So, I suppose my question is if the way I'm thinking about it is wrong? (Also, I'm not expecting to make money out of this. I really just wants to see how it works.)
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