Bitcoin Forum
May 04, 2024, 05:34:27 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: So, have arrived late to this crypto-currency malarky?  (Read 430 times)
The Ghola (OP)
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
November 26, 2013, 10:44:47 PM
 #1

Hi everyone,

So, I happened across Bitcoin kind off by accident and had heard of it but not taken it further then. I've spent about 20 hours reading up on it over the last 4/5 days including 2 very late 4am nights! I reckon I am getting there on understanding how it all works to the point of just about to buy a Black Arrow unit for February.

I will not kid myself and will always keep it real and not get my hopes up too high, etc. I am also patient and do not mind waiting for a ROI and quite happy to reinvest in more units, regularly, and take a moderate lower income say £150/200 per month if I can get that whilst helping the security of the network, there will be a hobby element to my endeavours too.

I find this all very interesting by starting to touch on the more esoteric side of things, I can see that this is still in it's infancy as a currency and imo probably a good time to get into based on that point alone but there are obviously many other facets to this debate

However, have I arrived too late due to the current price/conditions and other factors and is the best way to start to make moderate money to get a 100Mh/s units like the Black Arrow Prospero X-1?

Any answers or insight/comments welcome

Regards
Ghola
1714800867
Hero Member
*
Offline Offline

Posts: 1714800867

View Profile Personal Message (Offline)

Ignore
1714800867
Reply with quote  #2

1714800867
Report to moderator
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714800867
Hero Member
*
Offline Offline

Posts: 1714800867

View Profile Personal Message (Offline)

Ignore
1714800867
Reply with quote  #2

1714800867
Report to moderator
PenAndPaper
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
November 26, 2013, 11:59:58 PM
 #2

The prospero x-1 is to be released in 3 months from now if everything goes as planned. 3 months afaict is an eternity for crypto currencies.
Bottomline : If you want to jump onto the wagon buy some btc  Cool
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!