I have a nasty urge! HELP

[niko]

I have an urge to buy the harsh fast 3500 dollar miner @ 400GHz.. They claim to start shipping November. .

do I or don't I?

where else can I spend that money with a good return?

do I really just buy some coins and sit on it?

It's hash, not harsh.
It's Ghash, not GHz.
You posted this in the wrong board. It belongs somewhere in the mining section.

If you decide to spend $3.5k to start mining, you will be forcing yourself to learn the above, and much, much more. It's a steep learning curve. If you are not ready for it, do not start mining.

As for the alternatives, your best bet is to buy coins, and then spend a predetermined fraction with businesses that do accept them. Helping bootstrap Bitcoin economy will make the remaining coins much more viable and valuable. Besides spending them, consider earning them instead of buying.

[1714686046]

1714686046

[1714686046]

1714686046

[The 4ner]

Just exchange USD for BTC! It's your best option and also purchase a miner that can mine LTC then just trade them for BTC.
LTC isn't going anywhere for the time being.

[NineLives]

This is what I've done.

I'm not going to buy mining gear as it seems every supplier cant gurantee any dates for delivery.  By the time I get it, It might not be worth anything as the hash complexity is increasing FAST.

I've gone to BTCT.co and bought 4.0BTC worth of shares on Labcoin.  Yes, its a risk but I've read allot and I've taken a gamble.  If they deliver this week, I'll make money and shall sit on it for a few months.

I need something solid that will bring in BTC on a regular basis.  Anyone on anything that's working?

[jamesc760]

This is what I've done.

I'm not going to buy mining gear as it seems every supplier cant gurantee any dates for delivery.  By the time I get it, It might not be worth anything as the hash complexity is increasing FAST.

I've gone to BTCT.co and bought 4.0BTC worth of shares on Labcoin.  Yes, its a risk but I've read allot and I've taken a gamble.  If they deliver this week, I'll make money and shall sit on it for a few months.

I need something solid that will bring in BTC on a regular basis.  Anyone on anything that's working?

Buy a ski mask, a tent, a shovel and a bus ticket, then locate BFL office somewhere in Florida and go there. Pitch a tent in front of the office, start digging with shovel across to the BFL wareohouse next to their office, breakthrough the floor, start moving boxes of stuff back to the tent. Ski mask and the bus ticket? Leave it your imagination.

[The 4ner]

This is what I've done.

I'm not going to buy mining gear as it seems every supplier cant gurantee any dates for delivery.  By the time I get it, It might not be worth anything as the hash complexity is increasing FAST.

I've gone to BTCT.co and bought 4.0BTC worth of shares on Labcoin.  Yes, its a risk but I've read allot and I've taken a gamble.  If they deliver this week, I'll make money and shall sit on it for a few months.

I need something solid that will bring in BTC on a regular basis.  Anyone on anything that's working?

Fuck shares! That's the riskiest shit you can do thus far. I would simply get bitcoins off LocalBitcoins or off someone here on the forum. That way you can possibly strike a deal and build relationships with those in the
community. You can also make "fee rebates" by lending your already acquired bitcoins. Visit the CoinLenders link in my sig and just review the site. You can purchase CDs and collect your earnings once the CD has matured.
You can then purchase another CD and repeat the process. Your earnings will be minimal and at a gradual pace but it's a safer way to earn BTC. That's just what I'm doing at the moment. You can try to earn way more
through riskier practices but keep in mind that you're more likely to lose out on a lot if you're to ever be scammed.

[The 4ner]

You can also advertise company's sigs for BTC. You get paid monthly by TradeFortress for advertising any of his online services.
The same goes for a few advertising a few other gambling websites not owned by TradeFortress.

[DaFool]

This is what I've done.

I'm not going to buy mining gear as it seems every supplier cant gurantee any dates for delivery.  By the time I get it, It might not be worth anything as the hash complexity is increasing FAST.

I've gone to BTCT.co and bought 4.0BTC worth of shares on Labcoin.  Yes, its a risk but I've read allot and I've taken a gamble.  If they deliver this week, I'll make money and shall sit on it for a few months.

I need something solid that will bring in BTC on a regular basis.  Anyone on anything that's working?

Buy a ski mask, a tent, a shovel and a bus ticket, then locate BFL office somewhere in Florida and go there. Pitch a tent in front of the office, start digging with shovel across to the BFL wareohouse next to their office, breakthrough the floor, start moving boxes of stuff back to the tent. Ski mask and the bus ticket? Leave it your imagination.

And dont forget to leave a quarter for Josh behind 

[NineLives]

This is what I've done.

I'm not going to buy mining gear as it seems every supplier cant gurantee any dates for delivery.  By the time I get it, It might not be worth anything as the hash complexity is increasing FAST.

I've gone to BTCT.co and bought 4.0BTC worth of shares on Labcoin.  Yes, its a risk but I've read allot and I've taken a gamble.  If they deliver this week, I'll make money and shall sit on it for a few months.

I need something solid that will bring in BTC on a regular basis.  Anyone on anything that's working?

Buy a ski mask, a tent, a shovel and a bus ticket, then locate BFL office somewhere in Florida and go there. Pitch a tent in front of the office, start digging with shovel across to the BFL wareohouse next to their office, breakthrough the floor, start moving boxes of stuff back to the tent. Ski mask and the bus ticket? Leave it your imagination.

Ahahaha

Love it.

[NineLives]

This is what I've done.

I'm not going to buy mining gear as it seems every supplier cant gurantee any dates for delivery.  By the time I get it, It might not be worth anything as the hash complexity is increasing FAST.

I've gone to BTCT.co and bought 4.0BTC worth of shares on Labcoin.  Yes, its a risk but I've read allot and I've taken a gamble.  If they deliver this week, I'll make money and shall sit on it for a few months.

I need something solid that will bring in BTC on a regular basis.  Anyone on anything that's working?

Fuck shares! That's the riskiest shit you can do thus far. I would simply get bitcoins off LocalBitcoins or off someone here on the forum. That way you can possibly strike a deal and build relationships with those in the
community. You can also make "fee rebates" by lending your already acquired bitcoins. Visit the CoinLenders link in my sig and just review the site. You can purchase CDs and collect your earnings once the CD has matured.
You can then purchase another CD and repeat the process. Your earnings will be minimal and at a gradual pace but it's a safer way to earn BTC. That's just what I'm doing at the moment. You can try to earn way more
through riskier practices but keep in mind that you're more likely to lose out on a lot if you're to ever be scammed.

You really thinks shares is a big risk dude?
I don't mind a risk.  I've bought 10BTC to sit on and yes, I'm investigating what you suggested.

PS:
"Visit the CoinLenders link in my sig"  Its not in your sig?

[mgio]

Definitely don't buy Litecoin!

Litecoin is a fad and will disappear soon. And MTGox will NEVER start trading it (I've been saying this for 6 months and I've been right so far).

Litecoin offers nothing that bitcoin doesn't already offer and unlike bitcoin it is accepted NOWHERE.

Until an alt currency comes around that actually has a significant advantage (or ANY advantage for that matter) over bitcoin, I'd say don't bother with any of them.

[The 4ner]

This is what I've done.

I'm not going to buy mining gear as it seems every supplier cant gurantee any dates for delivery.  By the time I get it, It might not be worth anything as the hash complexity is increasing FAST.

I've gone to BTCT.co and bought 4.0BTC worth of shares on Labcoin.  Yes, its a risk but I've read allot and I've taken a gamble.  If they deliver this week, I'll make money and shall sit on it for a few months.

I need something solid that will bring in BTC on a regular basis.  Anyone on anything that's working?

Fuck shares! That's the riskiest shit you can do thus far. I would simply get bitcoins off LocalBitcoins or off someone here on the forum. That way you can possibly strike a deal and build relationships with those in the
community. You can also make "fee rebates" by lending your already acquired bitcoins. Visit the CoinLenders link in my sig and just review the site. You can purchase CDs and collect your earnings once the CD has matured.
You can then purchase another CD and repeat the process. Your earnings will be minimal and at a gradual pace but it's a safer way to earn BTC. That's just what I'm doing at the moment. You can try to earn way more
through riskier practices but keep in mind that you're more likely to lose out on a lot if you're to ever be scammed.

You really thinks shares is a big risk dude?
I don't mind a risk.  I've bought 10BTC to sit on and yes, I'm investigating what you suggested.

PS:
"Visit the CoinLenders link in my sig"  Its not in your sig?

Honestly I think I do because not only does that require you trusting a total stranger(s) but it also requires you giving up money whether BTC or fiat and holding nothing else of value other than someones word that you'll receive payout.
Haha my bad about the link in my sig. I forgot I had switched it. Well either way just web search it and it should pop up.

[dbbit]

well i have an avalon and at 80Ghash average im earning roughly 0.8BTC.. so doing the maths 100Ghash would get me 1BTC today...im not sure what your doing wrong or what pool your on, but you seem to be missing out on some profit

Which magical over-unity pool are you using? I'm at 75 ghash and getting closer to 0.33 BTC per day (BTCGuild / Slush combo).

[dbbit]

If you decide to spend $3.5k to start mining, you will be forcing yourself to learn the above, and much, much more. It's a steep learning curve. If you are not ready for it, do not start mining.

If you DO end up ordering the HashFast, PLEASE also order a couple of Block Erupters as well (don't pay more than BTC 0.21 each) and get used to setting up miners, joining pools etc. so you don't have to learn the first time when you get the HashFast machine. Plug a space heater into the outlet where you plan to use the Hashfast miner and make sure it doesn't trip your breaker etc. Have an air filter near by. (You are really supposed to run a Hashfast in a lab).

Also practice with multiple pools and have your scripts ready to rapidly move from one pool to the other if something goes wrong with your preferred pool. Get to know the difference between PPLNS and PPS.

Over all, you need to have that machine up and running within 30 minutes of it arriving.

[Speakeron]

well i have an avalon and at 80Ghash average im earning roughly 0.8BTC.. so doing the maths 100Ghash would get me 1BTC today...im not sure what your doing wrong or what pool your on, but you seem to be missing out on some profit

Well, you must be in an extremely lucky pool. Hash rate is close to 1000 THash/s; at 3600 BTC per day, a 100 GHash/s miner would get about 0.4 BTC per day. (And, indeed, that's close to my Avalon's current rate - 1 BTC per day hasn't been the case since last month).

[Beta-coiner1]

well i have an avalon and at 80Ghash average im earning roughly 0.8BTC.. so doing the maths 100Ghash would get me 1BTC today...im not sure what your doing wrong or what pool your on, but you seem to be missing out on some profit

Gonna have to ask for some proof via your pool.