Only 12 Gh/s... 2-3 Gh/s more coming soon these days... Wating for 5970 and couple of 5870's to arrive
Do you know something the rest of us don't?
Just hoping Bitcoin rockets up in price, eh?
The 130-150 day payoff doesn't hold you back at all?
Like I said, risky. Risking a few hundred bucks makes sense. But starting a business -- this late in the game? A bit foolhardy if you ask me.
All you said sound total nonsense to me
So if i listen what you say i will achieve nothing... I am unemployed and this is my chance to gather money at the moment then i have to do this and to buy equipment as much as i can... Now i am considering about making about 500pcs. of 5830 order soon... 6 months payoff is perfect in many ways so i cant understand why you are so scared of 130-150 days ?!?!?
I'll tell you why -- because I have no guarantee Bitcoin won't be selling for $5 by then, with much higher difficulty than we have today.
I've looked at the fundamentals, and there is certainly a case for pessimism. This isn't about being positive myself
, because if the reality is that Bitcoin is not going to take off, I'd better face the reality rather than put my head in the sand.
There is a huge upward curve Bitcoin faces if it's to "survive", "take off", "come into its own", pick your phrase.
Not just old people, heck a HUGE portion of our peers aren't touching Bitcoin with a 50 foot pole. For mining or otherwise.
Does anyone here go to other discussion boards to see what "outsiders" think of Bitcoin?
are words that come up.
Yes, I like Bitcoin, I personally want it to succeed, I am personally invested in mining equipment (so don't get me wrong), but I also am objective enough to see the challenges we face.
There just isn't enough REAL STUFF to buy with Bitcoin right now. It's mostly miners and traders holding (hoarding) Bitcoin hoping the price goes up. If a great number of traders/miners ever give up, the price is going to drop several dollars within hours. And then your 150 day payoff will instantly become 300 or 450 days -- if not infinity.
If it's really a free lunch, we haven't seen the end of people adding new hardware -- and if this thread is any indication, we have some MAJOR hardware set to come online in the next month. I wouldn't even say we only have to face 10% difficulty increases. Another 50% increase isn't out of the question.
It's almost like we had the "boom" in early June, then when difficulty seemed to "level off" another echo boom -- smaller than the first, but still significant.
As long as unemployed (as well as employed) people can make easy money by sinking a few thousand dollars, you'll have more and more difficulty increases.