bitlizard (OP)
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April 03, 2012, 10:23:24 PM |
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I'm interested in mining bitcoin, but do not have the technical expertise or inclination to build a mining rig. Can I invest my bitcoin in someone else's operation for a cut of the profits? What do I need to know as a newb investor to avoid getting ripped of or dealing with someone who lacks the technical competence to generate a return on investment while safe guarding my btc capitol? obviously mining is a high risk investment, what should I expect as far as returns on invested capitol. My investment objectives would be to; support the btc network, earn a decent return, mitigate risk to the greatest reasonable extent.
your comments are greatly appreciated.
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teek
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April 03, 2012, 10:38:19 PM |
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Hi - Check out the Global Bitcoin Stock Exchange www.glbse.com. Lot's of good mining companies to invest in there!
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Stephen Gornick
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April 03, 2012, 10:42:31 PM |
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mitigate risk to the greatest reasonable extent.
Mining used to be a form of speculation that was slightly less risky than buying and holding BTCs outright. Now that GPUs are on their way out, and FPGA boards don't hold their value compared to how GPUs did, an investment in mining is becoming nearly as risky as the investment in BTC or a greater risk even. So the terms "mitigate risk" and "bitcoin mining" are not to be used in the same thread.
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bitlizard (OP)
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April 03, 2012, 10:57:44 PM |
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Ha, thanks. I understand that the 'buy and hold' risk and 'mining' risk are compounded. that's why my expectation is a return on investment denominated in btc, if I accept the risk associated with mining.
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DeaDTerra
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April 04, 2012, 07:41:59 AM |
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If your interested in investing in Bitcoin mining and other Bitcoin based companies and operations without having to deal with the trades and evaluations of companies yourself, you can investing Gamma Bitcoin Fund. We are opening up on the 15th of April for public investors, for more info take a look at this thread or send me a pm https://bitcointalk.org/index.php?topic=74975.0//DeaDTerra
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mc_lovin
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www.bitcointrading.com
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April 17, 2012, 04:03:57 PM |
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That's a lotta BTCs! Does anyone know how to make a time machine?
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Miner612
Member
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FPGA convert
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April 18, 2012, 06:54:14 AM |
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I'm interested in mining bitcoin, but do not have the technical expertise or inclination to build a mining rig. Can I invest my bitcoin in someone else's operation for a cut of the profits? What do I need to know as a newb investor to avoid getting ripped of or dealing with someone who lacks the technical competence to generate a return on investment while safe guarding my btc capitol? obviously mining is a high risk investment, what should I expect as far as returns on invested capitol. My investment objectives would be to; support the btc network, earn a decent return, mitigate risk to the greatest reasonable extent.
your comments are greatly appreciated.
I will tell you everything you need to know and help you set everything up for one new or used 7970
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I buy and sell GPUs, most 5850s and 7970s. jimzolorenzo@gmail.com -- Make an offer. http://myworld.ebay.com/i_buy_5850s -- current inventory I have a couple bare bone mining rigs for sale as well. -------------- I bought silver from [ccliu] 5 star transaction! I bought silver from [TECSHARE] -- shipping still
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Sukrim
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April 18, 2012, 04:55:28 PM |
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That's a lotta BTCs! Does anyone know how to make a time machine?
Of course, but like any time machine it can only take you to the future...
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