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jodi_au (OP)
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November 30, 2013, 11:50:50 AM
 #1

Hi All,
I'm new here and a bitcoin newbie too. I'm a software engineer and a geek chick (or I read lots about iOS devices and the like), so not that new. lol
I read a little about bitcoins maybe 18 months ago. However, having a MacBook Air as my main computer back then, didn't allow me to hook up graphics cards....and I just wasn't sure that investing in a card to insert into my old PC would be worth it.....so unfortunately I put the bitcoin thought aside. Well, that was stupid, I should have let the geek in me come out and enjoy learning about bitcoins. Wink
I'm using a MacBook Pro now, still have the MacBook Air and a desktop PC is sitting idle.

Anyway, bitcoins have been in the (tech) news quite a bit recently and so I started reading and learning. I still have to work full-time during the week, etc....but have been reading when I have some down time. I noticed the little USB ASIC Block Interrupters at 334Mh/s. I almost picked one up from eBay for $50....(AUD here) but hesitated since I knew they were cheaper not so long ago. Then I went to get one that same night and the eBay auction was pulled since they were $80 (AUD) in other auctions. At $80, I reconsidered. I know I am interested in this as a hobby...and $80 is not much....but since I had started reading about bitcoins, I had read about how long it takes to pay off your equipment by earning bitcoins, etc....and the 334Mh/s device (using a website calculator I found) would take roughly 10 years for 1BTC.

I read on this forum about Drillbit and Bitfury chips, but I had missed the boat there as well. But then, my luck changed and an eBay auction appeared for the thumb drive...2.7GH/s for $298.76 USD ($339.67 AUD). So, yes, this costs more than the USB ASIC Block Interrupters....but then it ties up only one USB port....and is roughly equivalent to 8 of the USB ASIC Block Interrupters....but around half the cost that 8 of those would be. Also, the estimated time to find 1BTC is 449 days (1.23 years).
So, I bought one on eBay today....and they were selling fast....so now I have had good timing.....or I hope. I still feel late to the game. But my (current) aim is to mine to create 1BTC. I'll say 'current' aim since I am curious about creating a mini rig, perhaps with a Raspberry Pi (starting small, but expanding it as I go)...but I'll see how I go with my one 2.7 thumb ASIC first.

I still need to determine if I will run the 2.7 thumb ASIC on my Mac, via Parallels (since there is a Windows tool for it)....or set up the idle PC for mining. I guess setting up the idle PC could provide me with further expansion options....and might be a better option than the Raspberry Pi set up (although, I thought that would be rather fun).

Well, that's my first intro post. I hope that you don't mind having another newbie on board. I like to read before I post....so I'll try to figure things out before asking questions. Thanks for reading.
Holdaaja
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November 30, 2013, 12:06:15 PM
 #2

Just buy coins and hold Smiley

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niothor
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November 30, 2013, 12:17:22 PM
 #3

Mining is a risky business.
You don't know when your product will be delivered and you have no clue how the difficulty will jump (especially now since we wait for knc,hasfast and cointerra to deliver).
Better buy bitcoins and hold:)


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jodi_au (OP)
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November 30, 2013, 12:24:28 PM
 #4

I already bought the 2.7GH/s USB thumb ASIC from eBay, earlier today. I feel like I am being discouraged here. lol. Actually, I do see your point in that it's getting harder, etc. That does make it more of a challenge.

I remember thinking about buying bitcoins when they were more like $7 each....and not taking the risk back then. I do wish I did now....but it makes buying them at today's price seem so much worse. I'm actually interested to see if I can mine one. It's a project, not just a money making thing. The reward is really the satisfaction of achieving something here. If I was to invest my real $ into buying bitcoins, then there is a crash or I lose a drive (and my backups) or my coins are stolen, etc....then I'd be quite upset. I'd prefer to see my $300 invested into a project that I see as something fun....and come out making nothing, but I've had fun and a learning experience than to go and buy 10k of bitcoin now and stress over the value of it.....anyway, I don't have 10k spare. Wink
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November 30, 2013, 12:32:19 PM
 #5

http://www.wheretomine.com/ Here's one calculator to look up. I would suggest you to mine some altcoins and hold them or daytrade them into btc/other alts. Good Luck!
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November 30, 2013, 12:51:30 PM
 #6

If you really wanna try it out you can get 5x of those "2.7GH/s USBs" to expect a decent ROI.

Else simply buy one bitcoin when price crashes.

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