STOP BUYING MINING HARDWARE

[cdog]

Just stop it. People, this is madness. There nothing worth buying, and by buying a dream you allow these companies to give BTC a bad name.

If you arent paying the foundry to fabricate the wafers and putting chips on boards yourself, THERE IS NO PROFIT IN BITCOIN MINING.

Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.

Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute. 

BUMP this if you have lost BTC/fiat trying to mine, or have a preorder which wont ever ROI if you ever even receive it. 

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[AniceInovation]

Sticky please

[Holysmoke]

TU and repped and bumped and thanked and whatever else one can do on a forum

[CustomChickenDelivery]

Understood- the current state of mining does not provide a satisfactory return.
But what happens IF btc spikes to 1200us? Then everyone who bought in will look like a genius.
And then the whole cycle will start up again.

[NorTiaN]

Just stop it. People, this is madness. There nothing worth buying, and by buying a dream you allow these companies to give BTC a bad name.

If you arent paying the foundry to fabricate the wafers and putting chips on boards yourself, THERE IS NO PROFIT IN BITCOIN MINING.

Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.

Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute. 

BUMP this if you have lost BTC/fiat trying to mine, or have a preorder which wont ever ROI if you ever even receive it. 

^this!!!

[ChuckBuck]

please shut off that greedy lizard brain for one moment

SHUT IT DOWN REPTILIAN BRAINS!  



It really is all about greed, because if everyone did the math and homework, they'd see there's no shot in hell at mining for profit.

[opieum2]

YES!!! Invest in tin foil hats. They will be far more investment worthy!!!

please shut off that greedy lizard brain for one moment

SHUT IT DOWN REPTILIAN BRAINS!  



It really is all about greed, because if everyone did the math and homework, they'd see there's no shot in hell at mining for profit.

[ILoveLamp]

No.

[Meech]

Spend 5k on preorder which ships in Dec. ( maybe ) and never roi or buy 13 btc now.... hmmm... remember math?

[notbatman]

...

Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.

Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute.  
...

I can name one; solar panels. You plug them in, hit a button and the power company uses their network connected meter to calculate how much they owe you. Eventually you'll ROI.

[Bobsurplus]

I made money mining, but it was shit  "OK" money and I'm not mining now.

#MiningSucks

[edonkey]

Understood- the current state of mining does not provide a satisfactory return.
But what happens IF btc spikes to 1200us? Then everyone who bought in will look like a genius.
And then the whole cycle will start up again.

Nope. No mining necessary.

If you believe BTC will spike to $1200, then buy it now at $376.76. No need to risk hardware purchases or electricity costs.

Hasn't the myth of mixing currency speculation (i.e. wishful thinking) and mining been so thoroughly debunked that it's beyond reasonable doubt?

[Und3rd0g]

Understood- the current state of mining does not provide a satisfactory return.
But what happens IF btc spikes to 1200us? Then everyone who bought in will look like a genius.
And then the whole cycle will start up again.

Nope. No mining necessary.

If you believe BTC will spike to $1200, then buy it now at $376.76. No need to risk hardware purchases or electricity costs.

Hasn't the myth of mixing currency speculation (i.e. wishful thinking) and mining been so thoroughly debunked that it's beyond reasonable doubt?

+++1 Home mining is dead.  Sorry folks.

[Itsumo]

I am not really into bitcoin mining but its nice to know this informations

[elduderino]

Funny, I can't remember the thread, but I remember this being discussed earlier.

Bitcoin often gets accused of being a Ponzi scheme, which I don't believe is true.

However, Bitcoin mining is looking more and more like it all the time...

[GenTarkin]

People wont stop till the price hits around $100. Then shortly after diff will come crashing down. Then there will once again be a huge demand in hardware =O ... its a cycle that happens over and over.
Also people are stupid, you know like those who own apple products.. thats kinda like foolish mining hardware purchases(at a huge loss mind you) that the 'masses' are doing now.

The other thing people dont realize is that buying BTC directly rather than mining it... helps its market price go up.
Buying mining hardware then cashing out only fucking puts downwards pressure on the price, but like I said above....once it crosses a certain lower price point, its great for all miners because of the decreased diff that follows =)

[notbatman]

The price Bitcoin pays for securing its network and processing transactions is that of downward pressure.

[lowbander80]

Yes mining sucks sent me your miners I pay shipping

well stop buying hardward for some time will not be a bad idea always on NEW hardware.

But I think bitmain drove to this with the new S4 not so many buyers

[Buffer Overflow]

Just stop it. People, this is madness. There nothing worth buying, and by buying a dream you allow these companies to give BTC a bad name.

If you arent paying the foundry to fabricate the wafers and putting chips on boards yourself, THERE IS NO PROFIT IN BITCOIN MINING.

Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.

Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute. 

BUMP this if you have lost BTC/fiat trying to mine, or have a preorder which wont ever ROI if you ever even receive it. 

If people stop mining, bitcoin is dead. You should be thanking the miners for keeping the network running.
Are you trying to kill Bitcoin?

[Unacceptable]

Just stop it. People, this is madness. There nothing worth buying, and by buying a dream you allow these companies to give BTC a bad name.

If you arent paying the foundry to fabricate the wafers and putting chips on boards yourself, THERE IS NO PROFIT IN BITCOIN MINING.

Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.

Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute. 

BUMP this if you have lost BTC/fiat trying to mine, or have a preorder which wont ever ROI if you ever even receive it. 

If people stop mining, bitcoin is dead. You should be thanking the miners for keeping the network running.
Are you trying to kill Bitcoin?

Uh,no it won't be dead...FAR from it,your forgetting our "corporate mining farms".They will endure & control the network,VERY soon