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Author Topic: Buy or Mine?  (Read 1590 times)
thinkweis
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July 01, 2011, 03:16:34 AM
 #1

I put a page together for you newbies that haven't decided whether to buy or mine for bitcoin.

http://startbitcoin.com/mine-or-buy/

Beginners guide to mining bitcoin http://startbitcoin.com Bitcoin mining for beginners
New Secure Wallet Guide http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/
Order the Blockchain by mail on dvd http://startbitcoin.com/blockchain-on-dvd/
If you found this information helpful - Please Donate 1HbdRpinMDQ2cgUWsKiMPDN2icC8rNpS1i
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chuckypalumbo
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July 01, 2011, 03:28:02 AM
 #2

Buy, use the referral links in my sig to do so  Wink

If you're looking to sign up for an exchange try Bitcoin7 or Tradehill, referral codes are listed below. Sign up for Tradehill and get 10% off of every trade you ever make.

https://www.bitcoin7.com/?ref=6383

http://www.tradehill.com/?r=TH-R15532
thinkweis
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July 01, 2011, 03:29:20 AM
 #3

Buy, use the referral links in my sig to do so  Wink

You do realize how small 10% of transaction fees are? Probably not enough to troll the forum.

Beginners guide to mining bitcoin http://startbitcoin.com Bitcoin mining for beginners
New Secure Wallet Guide http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/
Order the Blockchain by mail on dvd http://startbitcoin.com/blockchain-on-dvd/
If you found this information helpful - Please Donate 1HbdRpinMDQ2cgUWsKiMPDN2icC8rNpS1i
chuckypalumbo
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July 01, 2011, 03:35:22 AM
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Buy, use the referral links in my sig to do so  Wink

You do realize how small 10% of transaction fees are? Probably not enough to troll the forum.

But enough for you to troll with your website which has your referral link to your Tradehill account referral? Ahhh I see..... Smiley Either way no big deal, I only have 1 Tradehill referral, but I do have 11 to Bitcoin7, and the more people involved in the community the better.

If you're looking to sign up for an exchange try Bitcoin7 or Tradehill, referral codes are listed below. Sign up for Tradehill and get 10% off of every trade you ever make.

https://www.bitcoin7.com/?ref=6383

http://www.tradehill.com/?r=TH-R15532
DiamondPlus
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July 01, 2011, 05:10:14 AM
 #5

Such a sad thread.
PandaMiner
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July 01, 2011, 07:43:43 AM
 #6

I put a page together for you newbies that haven't decided whether to buy or mine for bitcoin.

http://startbitcoin.com/mine-or-buy/

That's a pretty good write up. You forgot to mention the heat and the noise of a mining rig (for small time miners (under 1 gh))

My Litecoin address: Lf9WKM61AhmXchG2Ph2cftHKSQhxHutcdk
My Bitcoin address: 1Hwem4GSQWPCtBTKcSpXg2jYwxF6PtTjZx
--> Have you tried Triplemining.com? <--
DiamondPlus
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July 01, 2011, 07:44:27 AM
 #7

Delete
Spacy
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July 01, 2011, 09:16:21 AM
 #8

The best is to mine AND buy ;-)
VertexEx
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July 01, 2011, 10:12:53 AM
 #9

Mine, then sell expensively and buy cheap and build up a roll to trade with.

If you invest in hardware you'll always have the hardware, if you invest in bitcoin and the value decreases immensely then it'll be worth almost nothing, if you've invested in hardware you either A. have awesome hardware or B. can resell for about a 30% investment loss (compared to up to 100%)
fastandfurious
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July 01, 2011, 10:57:08 AM
 #10

You cant go wrong if you both mine and buy at the same time, gives you the best risk/reward.
CrazyNick
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July 01, 2011, 11:56:50 AM
 #11

At the current price level of over USD 10,- it is better to mine if you can have the room and the possibility to deal with the noise + heat from the mining rigs. (Best if you use the heat to warm your house, not when you have to extra-cool with air-conditioning.)

If you do not have the cash to buy a stack of good GPU cards, you certainly won't have enough cash to buy BTC on a level which makes trading worthwhile.

You could buy small amount of BTC in the hope it will raise in value, if you can transfer your (legal tender) currency cheaply to an exchange. Do count on it though as a pension plan Wink
saqwe
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July 01, 2011, 12:02:33 PM
 #12

http://bitcoinboom.org

theres an alternative for you bitcoin seekers
not again....

Jen4538
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July 01, 2011, 12:57:27 PM
 #13

i will mine and buy later on


Jen
tsigalko
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July 01, 2011, 02:51:22 PM
 #14

I agree mining.
I put a page together for you newbies that haven't decided whether to buy or mine for bitcoin.

http://startbitcoin.com/mine-or-buy/
deepfall
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July 01, 2011, 03:36:50 PM
 #15

buy on an exchange or OTC ?
stringcolor
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July 01, 2011, 04:13:44 PM
 #16

thank you for posting this.
Very informative for the newbie that I am.
I think I'll stick to buying/trading for now. Smiley
PandaMiner
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July 01, 2011, 04:29:20 PM
 #17

buy on an exchange or OTC ?

If you can find someone in person to deal with cash money, then go for it. Otherwise, use an exchange.  Bitcoin7 is looking pretty good right about now.

My Litecoin address: Lf9WKM61AhmXchG2Ph2cftHKSQhxHutcdk
My Bitcoin address: 1Hwem4GSQWPCtBTKcSpXg2jYwxF6PtTjZx
--> Have you tried Triplemining.com? <--
silverchair
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July 08, 2011, 05:14:15 AM
 #18

I put a page together for you newbies that haven't decided whether to buy or mine for bitcoin.

http://startbitcoin.com/mine-or-buy/


Thanks mate, this will surely help...

Cheers

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
MtRev
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July 08, 2011, 05:29:39 AM
 #19

I just buy, I don't mine.

Trade it as you normally would as forex or stocks.

You need a web designer? I'm offering big agency quality, without the big agency invoices!
Drop me a message; will work for BTC, LTC & PPC =]
silverchair
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July 08, 2011, 05:41:35 AM
 #20

If only i have lots of money i will buy, unfortunately i need to mine. dig dig dig....

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
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