Bitcoin mining is Dead, Tot, Apagado, Gone w tricycle, 88

[joland]

I was thinking buying the Neptune from KnCminers
but what a bullshit. Shipping starts at Q2 next year.

A quick check on some calculators shows as of Q2 2014 mining is pretty much DEAD!!!! Apagado, Goners, 88

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=707408283.0515&dcosts=13000&diff_mincrease=30&blpbtc=25&dhsmhs=3000000&diff_mincreasedecrease=3&btcusd=1015.12&dpowcon=1500&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=0&action=calc

https://cex.io/calc

better safe your sorry asses and bitcoins and spend it on drinks,drugs and your mum's new knitting gear.
maybe she will knit you one of those luvely cozy panties you can wrap ur sorry asses in

so long suckers….

[1715678528]

1715678528

[1715678528]

1715678528

[crocko]

If you complain about bitcoin, then don't start mining/trading any coin.

[thomashrev89]

I was thinking buying the Neptune from KnCminers
but what a bullshit. Shipping starts at Q2 next year.

A quick check on some calculators shows as of Q2 2014 mining is pretty much DEAD!!!! Apagado, Goners, 88

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=707408283.0515&dcosts=13000&diff_mincrease=30&blpbtc=25&dhsmhs=3000000&diff_mincreasedecrease=3&btcusd=1015.12&dpowcon=1500&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=0&action=calc

https://cex.io/calc

better safe your sorry asses and bitcoins and spend it on drinks,drugs and your mum's new knitting gear.
maybe she will knit you one of those luvely cozy panties you can wrap ur sorry asses in

so long suckers….

 

[jones31]

Another noob not knowing anything about bitcoin.

Bitcoin will be dead the moment there is nobody mining , nobody , not even a single CPU.
But , at 4 millions/day block reward , there will still be some people with : cpu , gpu and even asic mining , right?

Just because mining isn't profitable for you , it doesn't mean it's not profitable for everyone on this planet.

[svetbg]

Not mining 100 BTC per day does not mean mining is dead

[tacotime]

I guess you'll have to buy bitcoins instead.

[TerraHasher]

Wow 2 whole posts from the OP and he knows everything there is to know about BitCoin. Who cares if you mine out .0001 Bitcoin a day when 1.0 Bitcoins is worth $6,000 because it is so difficult to produce new ones. Is it just me? or is that kind of common sense?

[Anddos]

I seriously feel for those guys with knc miners knowing btc is about to crash hard

[quone17]

Wow 2 whole posts from the OP and he knows everything there is to know about BitCoin. Who cares if you mine out .0001 Bitcoin a day when 1.0 Bitcoins is worth $6,000 because it is so difficult to produce new ones. Is it just me? or is that kind of common sense?

That's possible.  But rarity does not alone make something valuable.  For instance (a stupid example but...) I am holding a pen and it's the only pen I've held today.  It is still only as valuable as it will write - no one will pay me extra because it's the only one I held today.  (Ok ok but that changes if I'm Justin Bieber.)

[Xyver]

https://bitcointalk.org/index.php?topic=361566.0

i'm planning on buying 10 terahashes this week and making a killing.  Mining is still totally viable, just be smart about it.

[Blackswan122]

I was thinking buying the Neptune from KnCminers
but what a bullshit. Shipping starts at Q2 next year.

A quick check on some calculators shows as of Q2 2014 mining is pretty much DEAD!!!! Apagado, Goners, 88

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=707408283.0515&dcosts=13000&diff_mincrease=30&blpbtc=25&dhsmhs=3000000&diff_mincreasedecrease=3&btcusd=1015.12&dpowcon=1500&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=0&action=calc

https://cex.io/calc

better safe your sorry asses and bitcoins and spend it on drinks,drugs and your mum's new knitting gear.
maybe she will knit you one of those luvely cozy panties you can wrap ur sorry asses in

so long suckers….

Most of the calculators are only accurate for a few days to a week until the next difficulty change. Plus nobody knows how the BTC price is going to move.... If you had said this comment 3 months ago you would have be so mistaken. China rejecting bitcoin is a blow but not yet the end. The price is steadily falling as people try and get in and out at the highest levels....It is making new lows and not making new highs....at some stage the scale will tip but at what level is anyones guess...$500----$400---$50! Bitcoin is only the beginning of Crypto currency....It can't be deinvented....There will be more alternatives springing up that may eventually takeover.. The next few months will be critical to the survival of all Crypto currencies....