Is it worth it to get back in?

[SlyFoxy12]

Feb is wayyyyy to far off, its one thing to order 6-8 weeks ahead but 3+ months who knows what BTC price/difficulty will be... major crapshoot

Just buy BTC, if i had spent all my $ on BTC back in February rather than buy miners... Id have 20x as much in USD.

This is all true but the that's the nature of mining, your risk is picking the horse to back, but you should ultimately do cost calculations taking into account that bitcoin will likely rise as is the nature of bitcoin to do so. I bought my KnC Mercury when bitcoin was £70 and then it went 4x that and as long as it stays reasonably high, I don't see it going less than £140 personally, then I'm easily going to make a decent profit.

I always feel that there's a bit more safety in mining as the hardware is 100% yours but now that it's all ASIC based that's probably not much of a comfort if bitcoin did go wrong in a big way.

[Blazey]

i think, you might invest that money to mine a scrypt. there are coming a scrypt dedicated miners in near future and the litecoin price starts rising. for that amount of cash you get 3 7950, with mb, hdd, ram and psu - 1800kh/s thats around 40 LTC per month.

[wpgdeez]

LTC mining all the way as long as prices stay up. Fuck BTC.

[bitcoindirect]

So are there no LTC miners yet?  With the equipment I have what would I be getting for LTC monthly approx?
2 HIS H785F2G2M Radeon HD 7850 2GB 256-bit GDDR5 PCI Express 3.0 x16 HDCP Ready CrossFireX Support Video Card

What are your guys projected value on LTC.  No one has given the same investment of sites, or free LTC as BTC so do you think it's just going to take that many years after to get LTC to that rate?

Thanks!

www.bitcoindirect.net
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[Badonkadonk]

those cards generate about 350 - 390khs each depending on your oc etc.

lets say 370 each, witch totals 740.

you would be making 0.5ltc a day.
thats about 4 dollars a day.
the cards pull about 400-500w at full load i belive. wich is about 1 dollar a day at 0.10usd pr kwh.

[Gilboa]

I have two 6970s running from my PC mining Litecoin at about 940kh/s

I got into bitcoin back in 2010 but never speculated with any coin. I bought $500 worth of coins at 10.399 USD (that would be 42 BTC) in May of 2012 then proceeded to loose it ALL at SatoshiDice. I got scared the hell away after that.

I had my shot. Now my desperate ass has to latch onto litecoin for any hope. 

[Badonkadonk]

I have two 6970s running from my PC mining Litecoin at about 940kh/s

I got into bitcoin back in 2010 but never speculated with any coin. I bought $500 worth of coins at 10.399 USD (that would be 42 BTC) in May of 2012 then proceeded to loose it ALL at SatoshiDice. I got scared the hell away after that.

I had my shot. Now my desperate ass has to latch onto litecoin for any hope. 

then in say 2 years, btc is 50k each. your going to look back at this post and facepalm

[Blazey]

I have two 6970s running from my PC mining Litecoin at about 940kh/s

I got into bitcoin back in 2010 but never speculated with any coin. I bought $500 worth of coins at 10.399 USD (that would be 42 BTC) in May of 2012 then proceeded to loose it ALL at SatoshiDice. I got scared the hell away after that.

I had my shot. Now my desperate ass has to latch onto litecoin for any hope. 

then in say 2 years, btc is 50k each. your going to look back at this post and facepalm

well if you are going to accept your actions, youll not regret any of these. i little psychiatric suggestion.

[atc1]

BTC mining is way beyond reach now. Either way,will it still be profitable,say 6 months-1yr from now?

[Badonkadonk]

BTC mining is way beyond reach now. Either way,will it still be profitable,say 6 months-1yr from now?

you are pretty mutch just asking ppl to speculate for you...
but yes, unless btc drops like a mofo, it will always be profitable

even if it drops, chanses are it will rise again. so never stop mining

at 290 usd for 100gh, how is mining beyond reach??

[davedx]

Who is actually buying LTC? Why?

[Badonkadonk]

Who is actually buying LTC? Why?

to trade for btc later on for higher prices?

[Blazey]

Who is actually buying LTC? Why?

to trade for btc later on for higher prices?

of course. the prices will bump also, when the mt.gox implements the trading with them..

[bitcoindirect]

It wasn't much of me asking to speculate...I have full faith in BTC which is why we have our site specified to it.  But I was asking about mining and where is there mining equipment that is avaialble for purchase now.  Or as I found out people are informing me that LTC may be the way to go with purchasing BTC.  Which is what I was thinking about doing.  Thanks!


www.bitcoindirect.net
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[rebelrat]

Right now LTC mining is the way to go, plus you are not stuck with a proprietary piece of hardware that needs
constant tinkering.  When you are done you can always sell your mining rig as a high end gaming system.

[ar9]

You should contact the guy who is thinking about getting out of mining... (on the front page of Speculation).

[bitcoindirect]

You should contact the guy who is thinking about getting out of mining... (on the front page of Speculation).

LMAO! Man I would hate to have that opportunity to make that much money in a day...it must be stressful!  I'm thinking he should just give away his millions in bitcoins for the well being of the world.  Thanks for that, I needed that today.

www.bitcoindirect.net
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[zimmah]

even if the difficulty DOUBLED every single month (note that this is unlikely to happen in real life), and the Blackarrow would have 2 weeks delay in shipping, and the bitcoin price would stay at 1200 USD the blackarrow would STILL make enough bitcoins to pay for itself. (altough it would not make profit at that point anymore).

If ANY of these parameters is more in your favor, you'll make a couple of $1000 in profit.

The odds look pretty good to me.

[crocko]

Consider to buy BTC and other coins too (LTC/FRC/PPC/TRC) instead of mining.
More safe, more profit.

[Holdaaja]

Nope, mine some alt-coin and/or buy btc.