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Author Topic: Here we go again, another major price drop for bitcoins  (Read 22104 times)
Cluster2k
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September 19, 2011, 04:27:53 AM
 #181

The people who have won big are the early miners (assuming they didn't sell early).  By definition it's a very small number of people, as the number of miners didn't boom until the price started to rise exponentially.

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payb.tc
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September 19, 2011, 04:34:17 AM
 #182

The people who have won big are the early miners (assuming they didn't sell early).

also assuming they didn't sell too late.
rezin777
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September 19, 2011, 04:43:09 AM
 #183

The people who have won big are the early miners (assuming they didn't sell early).

also assuming they didn't sell too late.


If you mined before say... April of this year, today's exchange rate is ridiculous profit.
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September 22, 2011, 05:40:32 PM
 #184

If you mined and held on to your coins and got 200 coins then yeah would be pretty good, like a 1000 bux, but I wouldnt consider that a ridiculous profit.  Most people were buying graphics cards that cost from 500 to 800 bux each.  I built about 10 mining rigs using the ATI 6990, and a couple with multiple nvidia 580s, so the cost of the builds were still pretty high, so you needed to recoup the 1000 to 2000 you paid for the rig first, then everything else was profit.  Now if you start, your screwed, you will never get your build payed off.   

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