I've done the math, researched the hardware, and figured an initial cost for setting up a bitcoin mining rig running something
like two 5850's. Even with a market dip in the near future, which is likely considering the media attention and other folks like
me who want in on the current land grab, I'm relatively certain I can break even in something like 50-60 days.
Here's the question:
-How do I explain all this to my wife? If she sees 600 dollars worth of computer equipment shipped to the front door, I'm a dead man hands down.
Anyone else out there considering pitching this investment idea to their significant other?
How funny, I got EXACLY the same situation, but I was able to find 5850 at about $140, so I've bought 1 pcs and ordered 3 more. I just explained to my wife, that we can make fortunes, and the very worst case, we'll end up with decent gaming cards on our hands that we can eventually sell, keeping in mind USD weakness it's not a bad idea to turn some cash into something more solid.
Bingo. Now building 1st system and when it gets running I will get 3 more
Another calculation goes like that - say calculate your electricity costs to produce one block (there is calculator on the internet that allows to estimate Bitcoin mining profitability), then calculate how low BTC has to be to make mining lose money. For me it's like $2/BTC. Well, since it's at $15 now it's not very likely that it will go lower then $2, therefore we'll either be making tons of money, or just break even in 6 months. And will get 4 very decent video cards on top of that.