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Author Topic: speculative scenario -- what would you do?  (Read 647 times)
mccoyspace
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September 02, 2013, 09:03:14 PM
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If you had about $1500-$2000 of FREE money available between now and a year from now. (say it's from your parents, your employer, an envelope found on the street, from God, whatever....)
You also had free electricity and network resources.
Nothing on pre-order, no place in any queue.

What course of action would you take vis-a-vis mining?

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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jspielberg
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September 02, 2013, 09:19:30 PM
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Hold off until March... we are entering the beginning days of DIFFIPOCALPYSE!

No... seriously... hold your money.  When everyone gets discouraged with the difficulty, and their fancy 400GH+ miner that they have been using since November is making .05 btc/day (I am thinking Feb./March) and starts dropping out would be best time to jump in.

Alternatively, if the whales start dumping cheap coins... might want to consider bottom feeding.  I haven't had much luck catching the falling knife though... so be warned.

The best advice I can give you is not to take anyones advice on the internet.  Do you own analysis.

Bitweasil
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September 02, 2013, 09:50:11 PM
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What course of action would you take vis-a-vis mining?

I wouldn't.

There is no winning move with regards to buying mining hardware right now.

If I were forced to do something mining related with it, I'd split it across various mining securities.

Need high quality, rack mountable GPU clusters for OpenCL work or password auditing?  http://www.stricture-group.com/
bcp19
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September 02, 2013, 11:57:26 PM
 #4

If you had about $1500-$2000 of FREE money available between now and a year from now. (say it's from your parents, your employer, an envelope found on the street, from God, whatever....)
You also had free electricity and network resources.
Nothing on pre-order, no place in any queue.

What course of action would you take vis-a-vis mining?


Buy BTC and move it to a cold wallet.

I do not suffer fools gladly... "Captain!  We're surrounded!"
I embrace my inner Kool-Aid.
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