Bitcoin Forum
December 14, 2017, 02:01:48 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: New miner trying to cut through the crap  (Read 669 times)
ProspectusJah
Newbie
*
Offline Offline

Activity: 1


View Profile
January 28, 2014, 11:43:38 PM
 #1

Hey all,

I've been mining LTC for a bit now, just for shits and to learn about cryptocurrency and mining, and now I seriously want to make an investment into BitCoin mining, add to my new portfolio.

Problem is, EVERYONE seems to confirm that EVERY company with ASIC or mining contracts out there is a scam. Is there anyone out there that is legit? I see plenty of talk about BFL, KNC, ASICMINER - and of course they are all some kind of internet Scamurai Ninjas. I'm just coming up from the GPU world and all the ASIC tomfoolery makes no sense. Anyone care to shed some light?
1513260108
Hero Member
*
Offline Offline

Posts: 1513260108

View Profile Personal Message (Offline)

Ignore
1513260108
Reply with quote  #2

1513260108
Report to moderator
1513260108
Hero Member
*
Offline Offline

Posts: 1513260108

View Profile Personal Message (Offline)

Ignore
1513260108
Reply with quote  #2

1513260108
Report to moderator
1513260108
Hero Member
*
Offline Offline

Posts: 1513260108

View Profile Personal Message (Offline)

Ignore
1513260108
Reply with quote  #2

1513260108
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513260108
Hero Member
*
Offline Offline

Posts: 1513260108

View Profile Personal Message (Offline)

Ignore
1513260108
Reply with quote  #2

1513260108
Report to moderator
pjviitas
Sr. Member
****
Offline Offline

Activity: 434


View Profile
January 29, 2014, 04:26:21 AM
 #2

Even thought these things will soon be obsolete, they are a decent entry point:

https://bitcointalk.org/index.php?topic=425113.0
southerngentuk
Sr. Member
****
Offline Offline

Activity: 392


View Profile
January 29, 2014, 04:43:07 AM
 #3

Am waiting till the Chinese new year celebrations are over. expect new prices and stock in a couple of weeks..  Grin

IamCANADIAN013
Hero Member
*****
Offline Offline

Activity: 728



View Profile
January 29, 2014, 08:31:29 AM
 #4

Hey all,

I've been mining LTC for a bit now, just for shits and to learn about cryptocurrency and mining, and now I seriously want to make an investment into BitCoin mining, add to my new portfolio.

Problem is, EVERYONE seems to confirm that EVERY company with ASIC or mining contracts out there is a scam. Is there anyone out there that is legit? I see plenty of talk about BFL, KNC, ASICMINER - and of course they are all some kind of internet Scamurai Ninjas. I'm just coming up from the GPU world and all the ASIC tomfoolery makes no sense. Anyone care to shed some light?

All mining hardware is grossly overpriced for what you will get in return. Even the used stuff is priced the same way.  People are obviously buying it though.  So I think the best thing is to hopefully find a great deal, act on it, mine with it for a while, then hope you can sell it down the road for a profit to someone willing to pay a stupid price for it.
railzand
Sr. Member
****
Offline Offline

Activity: 462

Lux e tenebris


View Profile
January 29, 2014, 08:36:08 AM
 #5

Thanks Augusto. Is there anywhere that lists real ASIC manufacturers vs SCAM sites? Would be a great resource because the ratio isn't very healthy.

in short, no, not that I know of.

in practice, there were two useful threads until a few weeks ago, the scam list: https://bitcointalk.org/index.php?topic=366659.0 , but this has not been updated;

and the newbie guide to asic vendors https://bitcointalk.org/index.php?topic=403459.0 which has a slightly different intent.

a great web resource is http://bitcoinscammers.com/ which shows some of the latest scams

and nothing really takes account of the new wave of avalon clones and bitmine chip machine makers, some of which are real, and some scams

so there is something for someone to do (hint)



Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!