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Author Topic: Do you still want to buy a BTC miner? Better read this first.  (Read 3864 times)
frankenmint
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July 05, 2013, 07:59:16 AM
 #21

commentted for satoshi Shocked Shocked Shocked Shocked Shocked Shocked Shocked

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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July 05, 2013, 02:40:55 PM
 #22

While less interesting to me than mining, some folks are making pretty good coin selling miners in hand (and still some pre-orders).  So... there is more than one way to make a return, but for me... being the middle man just seems like not a lot of fun.
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July 05, 2013, 02:59:10 PM
 #23

The geek in me just wants bigger numbers to extend my e-penis
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haha glad you like it Tongue

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July 10, 2013, 04:25:32 PM
 #24

This kinda reminds me of: https://bitcointalk.org/index.php?topic=6566.0

Expect a similar thread in two years.

I remember that thread and reading it after I had sold a bunch of Bitcoin I'd bought under $1 and sold for maybe $6 or so. Because of that thread I bought back in at $4 and watched as the price increased to like $30 within two more months.

I think one thing to mention that does make this different than the GPUs is that ASICs have 0 resale value, while a lot of us mining with GPUs knew we had friends we could sell them to or extra computers we could use them in if it became unprofitable for some reason.
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July 10, 2013, 08:41:29 PM
 #25

Great read! I am looking right now at why I should build or purchase a miner (https://bitcointalk.org/index.php?topic=253782.0)... knowing more about bfl's chip really helped to weed them out as a potential.
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