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zvs
Legendary
 Offline
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
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May 30, 2014, 03:39:48 AM |
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haha, 10ghash for $300
butterflylabs sets a fine suggested retail price
that gizmodo article is wrong, you wouldn't break even ever (unless you found some bigger sucker to buy it used for around same price). 30 years? pfft
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Ron~Popeil
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May 30, 2014, 03:49:18 AM |
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haha, 10ghash for $300
butterflylabs sets a fine suggested retail price
that gizmodo article is wrong, you wouldn't break even ever (unless you found some bigger sucker to buy it used for around same price). 30 years? pfft
Sadly there are always going to be new people that don't understand the math and get hooked by this stuff. When I first got into BTC I paid 50 bucks for a single GHS voucher on Amazon. It was a good lesson about doing your homework before jumping in. |
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LostDutchman
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May 30, 2014, 04:23:20 AM |
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Uh, do you live on Planet Earth? "If you want to buy Bitcoin hardware through Walmart, your options are limited. That is to say, you can buy a 10GH/s Butterfly Labs miner (on sale!) for $300. Sweet deal right? Not so much. With the difficultly of mining Bitcoin increasing exponentially—by design—miner machines have to increase in power to keep up. 10GH/s, at this stage in the game, is nothing. So if you see fit to invest in this little sucker, you can expect to break even in around 30 years, given the current exchange rate and the average cost of electricity. It's basically a little black hole for your money." |
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The Bitcoin Institute
Newbie
Offline
Activity: 20
Merit: 0
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May 30, 2014, 04:57:14 AM |
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haha, 10ghash for $300
butterflylabs sets a fine suggested retail price
that gizmodo article is wrong, you wouldn't break even ever (unless you found some bigger sucker to buy it used for around same price). 30 years? pfft
Correct, you never break even, unless the bitcoin price goes up, and then you would have been better off spending the money to just buy bitcoins directly. |
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acs267
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May 30, 2014, 05:04:56 AM |
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Guessing you can't buy them with Bitcoin? Don't know which is better though. Buying with Bitcoin or Fiat. Fiat is just paper, and rarely increases. But that money in Bitcoin would be a huge lost.
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agoraadnim
Member
Offline
Activity: 75
Merit: 10
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May 30, 2014, 05:09:51 AM |
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Well at least its another step into the mainstream for Bitcoin I guess.
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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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May 30, 2014, 05:50:02 AM |
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Looks like you're actually buying from tiger direct, if you order through this route. I don't think it's really Walmart that you are buying from. I don't mine but I guess it's still decently good news...
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Beliathon
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May 30, 2014, 06:44:18 AM |
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You're better off buying BTC.
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eid
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May 30, 2014, 06:49:35 AM |
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haha, 10ghash for $300
butterflylabs sets a fine suggested retail price
that gizmodo article is wrong, you wouldn't break even ever (unless you found some bigger sucker to buy it used for around same price). 30 years? pfft
Sadly there are always going to be new people that don't understand the math and get hooked by this stuff. When I first got into BTC I paid 50 bucks for a single GHS voucher on Amazon. It was a good lesson about doing your homework before jumping in. It doesn't help when this forum carries advertisements proclaiming that "there has never been a better time to invest in mining". Shameful. |
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acs267
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May 30, 2014, 06:51:32 AM |
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You're better off buying BTC.
I sort of agree. I'd only buy it to resell it for a higher price locally.  Anyway, buying Bitcoin could return a profit now that difficulty has gone up a bit. If this was in 2011, or when ASICs first came out, that would return the profit in a day or so. Might take a month to re-earn your investment now. |
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blatchcorn
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May 30, 2014, 07:34:09 AM |
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There are going to be a lot of disappointed early adopters when they cannot mine anything
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LostDutchman
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May 30, 2014, 09:33:59 AM |
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Looks like you're actually buying from tiger direct, if you order through this route. I don't think it's really Walmart that you are buying from. I don't mine but I guess it's still decently good news...
It's not Walmart. The OP is full of...................................... ...........well........................................... ......you know. |
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notbatman
Legendary
Offline
Activity: 2212
Merit: 1038
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May 30, 2014, 09:46:04 AM |
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Selling obsolete equipment for inflated prices from a crooked company? ha ha?
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LostDutchman
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May 30, 2014, 09:59:39 AM |
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Selling obsolete equipment for inflated prices from a crooked company? ha ha?
Seems to be the thing these days I guess. |
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