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Author Topic: Is This worth a try??  (Read 1812 times)
david123
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April 18, 2014, 12:27:28 PM
 #21

I'm an advocate of GPU mining. Graphics cards are one of the few devices which were able to mine
profitably for a relatively long period of time. Imagine a GPU bought 2 years ago, being switched over to 
LTC and later to Doge at the right point of time. It should have made back 5 or 10 times it's initial
investment (in BTC and after deducting power cost).

GPU mining still makes sense nowadays with X11 or Groestl etc and trading the coins for BTC
afterwards. I'm not sure if it could be called a wise investment to build a big GPU rig
now. But if you have a computer with a free PCIE slot which is running anyway for some part of
the day, it's certainly better for a beginner to get a used graphics card instead of an overpriced
SHA Asic. You should also be able to sell that card later for a relatively good price.

But buying the coins you're interested in is maybe the best decision. But it's also a bit boring
if you get into bitcoins for the first time, no? Cheesy
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topluto
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April 19, 2014, 02:08:56 AM
 #22

how do you do bitcion arbitrage
Shogen
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April 19, 2014, 01:03:54 PM
 #23

As many others pointed out, it is not profitability to buy ASICs. You will be better off with buying bitcoin.

blackvoice
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April 22, 2014, 02:54:35 AM
 #24

I'm a complete novice with Bitcoins. I'd like to get started and give it a try. Get my feet wet. Though, I am VERY limited in what I can afford. I was looking at a 10GH/s Bitcoin Miner at $349. This is the smallest listed. It's a lot of expense for me, but if I could get my money back in a reasonable amount of time, it could be a possibility. Is this going to be acceptable, or would it take me years to recoup the start up cost? About how long would it take for me to earn the money back that I spent on the miner/hardware? I was thinking this would be a start up miner and upon making profit I could then upgrade to a more higher production miner. Any thoughts or advice would be appreciated, thanks.

mfosteri
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It's worthless
crocko
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April 22, 2014, 06:30:46 PM
 #25

Consider to invest in BTL (BitLeu).
Why ? Look here:

https://bitcointalk.org/index.php?topic=510353.msg6199965#msg6199965


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