cdog (OP)
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October 02, 2014, 10:43:08 PM |
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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
Donator
Sr. Member
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Activity: 446
Merit: 262
Interesting.
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October 02, 2014, 10:45:07 PM |
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Sticky please
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Holysmoke
Newbie
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Activity: 14
Merit: 0
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October 02, 2014, 10:47:40 PM |
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TU and repped and bumped and thanked and whatever else one can do on a forum
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CustomChickenDelivery
Member
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Activity: 96
Merit: 10
Tha Chickenator
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October 02, 2014, 10:54:18 PM |
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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.
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NorTiaN
Member
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Activity: 97
Merit: 10
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October 02, 2014, 10:56:51 PM |
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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!!!
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ChuckBuck
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October 02, 2014, 11:04:16 PM |
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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.
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opieum2
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October 02, 2014, 11:06:50 PM |
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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.
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"amtminers scam joshua zipkin scammer" -Joshua Zipkin leaked skype chats http://bit.ly/1s7U2Yb-For bitcoin to succeed the community must police itself.
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ILoveLamp
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October 02, 2014, 11:10:33 PM |
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No.
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Meech
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October 03, 2014, 04:05:49 AM |
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Spend 5k on preorder which ships in Dec. ( maybe ) and never roi or buy 13 btc now.... hmmm... remember math?
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notbatman
Legendary
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Activity: 2212
Merit: 1038
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October 03, 2014, 04:42:01 AM |
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...
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.
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Bobsurplus
Legendary
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Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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October 03, 2014, 04:43:18 AM |
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I made money mining, but it was shit "OK" money and I'm not mining now.
#MiningSucks
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edonkey
Legendary
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Activity: 1150
Merit: 1004
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October 03, 2014, 04:58:02 AM |
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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?
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Was I helpful? BTC: 3G1Ubof5u8K9iJkM8We2f3amYZgGVdvpHr
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Und3rd0g
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October 03, 2014, 05:00:55 AM |
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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.
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Itsumo
Member
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Play Rock Paper Scissor Lizard Spock
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October 03, 2014, 05:07:32 AM |
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I am not really into bitcoin mining but its nice to know this informations
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elduderino
Full Member
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Activity: 143
Merit: 100
Using some expensive heaters
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October 03, 2014, 05:10:14 AM |
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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...
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Do the things you know you must do first, then worry about the stuff you're not sure about.
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GenTarkin
Legendary
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October 03, 2014, 06:12:55 AM |
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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 =)
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notbatman
Legendary
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Activity: 2212
Merit: 1038
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October 03, 2014, 06:40:20 AM |
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The price Bitcoin pays for securing its network and processing transactions is that of downward pressure.
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lowbander80
Legendary
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Activity: 1036
Merit: 1000
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October 03, 2014, 07:02:28 AM |
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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
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Buffer Overflow
Legendary
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Activity: 1652
Merit: 1016
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October 03, 2014, 08:53:10 AM |
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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?
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Unacceptable
Legendary
Offline
Activity: 2212
Merit: 1001
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October 03, 2014, 09:28:02 AM |
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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
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"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan
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