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tripyl
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August 18, 2013, 08:53:28 PM
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stupid idea
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August 19, 2013, 10:32:30 PM
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You get a wide range of auction bids on eBay. I've seen coins sold for 300 or more and fractions sold for multiple times their exchange rate.

What seems to be the trend is 1 week contracts with 1 Erupter that closes at an average less than $10 but an instance of one of these has closed at $150.

What could that mean for the actual value of Bitcoin? Is it actually approximately $7500 a Bitcoin?

Or how about my recent experience seeing my auction for a contract of a brick with 10 erupters for 6 months close at a meer $150.

Would that mean that each Bitcoin is only actually worth $30 each?

But alas, the Bitcoin difficulty will only continue to exponentially raise, does that mean so will the exchange rates?

You can read more about my experience here.

um... uh... Embarrassed sadly, i paid $150 on eBay for a one week mining contract.  Embarrassed Obviously it wasn't one of my finer monents. The problem was that i caught up bidding on multiple erupter auctions and didn't catch that it was a 1 week contract and not an actual erupter.  Tongue I contacted the seller and asked that my bid be removed. We couldn't reach an agreement so the sale went through. My loss for being stupid. On the plus side, the seller felt sorry for me and turned it into a one month contract without me asking. Good guy, he didn't have to do that. You can be sure that i look close for that word "contract" now.  Roll Eyes
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August 20, 2013, 05:46:27 PM
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um... uh... Embarrassed sadly, i paid $150 on eBay for a one week mining contract.  Embarrassed Obviously it wasn't one of my finer monents. The problem was that i caught up bidding on multiple erupter auctions and didn't catch that it was a 1 week contract and not an actual erupter.  Tongue I contacted the seller and asked that my bid be removed. We couldn't reach an agreement so the sale went through. My loss for being stupid. On the plus side, the seller felt sorry for me and turned it into a one month contract without me asking. Good guy, he didn't have to do that. You can be sure that i look close for that word "contract" now.  Roll Eyes

Ha! Whoa dude don't look at it like that.

Your "mistake" is actually good for Bitcoin. It's evidence to someone somewhere, like me, that Bitcoin is worth far more than what current exchanges show even if it was you unaware of the contract portion.

Besides you never know, this 1 month of mining with the 1 block erupter could yield you enough Bitcoins to retire with, cheapest retirement plan ever aye?

Would suck for the opposite to be the truer scenario that Bitcoins were never worth more than $30 bucks a pop.

I'm sure we would all feel that one in the morning.

Heh, that income was put toward more erupters, its all good. As for retirement plan. I'm already retired. This is just a hobby for me.
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