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Author Topic: Was just gonna set up a couple CPU's to mine, and find out about the price drop.  (Read 1010 times)
skottiejay
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July 04, 2011, 09:28:57 PM
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With all this speculation, I wonder if the price is going to continue to go down. I don't have anything in the way of profitable bitcoins at the moment, but was looking to put together something to bring in some coins, do you think it's too late for that or do you expect the price to rise again?

Me, I hope it rises again I'd buy bitcoins if I had the money to do so but I don't understand/know how that effects the market.

What else could I say?
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Chick
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July 04, 2011, 09:29:29 PM
 #2

With all this speculation, I wonder if the price is going to continue to go down. I don't have anything in the way of profitable bitcoins at the moment, but was looking to put together something to bring in some coins, do you think it's too late for that or do you expect the price to rise again?

Me, I hope it rises again I'd buy bitcoins if I had the money to do so but I don't understand/know how that effects the market.

Your CPUs are worthless for mining.

https://en.bitcoin.it/wiki/Mining_hardware_comparison

skottiejay
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July 04, 2011, 09:32:56 PM
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CPU/Rigs, I understand the whole GPU/CPU thing now what I'm saying is I was going to put together something a little more efficient for mining but with the price drop I'm not exactly sure it would be worth it. Not that it's drastic or anything but it's making me nervous.

What else could I say?
FlipPro
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July 04, 2011, 09:33:22 PM
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Cpu's are worthless just like this thread.

Tweet For Coins http://uptweet.com
CNMOH
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July 04, 2011, 09:35:15 PM
 #5

Difficulty follows price. If the price goes down, so will difficulty, as people will be less willing to mine at lower prices, meaning you will get more bitcoins. The price doesn't matter.

MaGNeT
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July 04, 2011, 09:35:35 PM
 #6

CPU/Rigs, I understand the whole GPU/CPU thing now what I'm saying is I was going to put together something a little more efficient for mining but with the price drop I'm not exactly sure it would be worth it. Not that it's drastic or anything but it's making me nervous.

It can drop even lower and stay low... It can go sky high... No one can tell...
Man From The Future
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July 04, 2011, 10:56:09 PM
 #7

CPU/Rigs, I understand the whole GPU/CPU thing now what I'm saying is I was going to put together something a little more efficient for mining but with the price drop I'm not exactly sure it would be worth it. Not that it's drastic or anything but it's making me nervous.

It can drop even lower and stay low... It can go sky high... No one can tell...
<--------

No-one? What about me? Wink

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