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Author Topic: I will donate to you, for your help.  (Read 2271 times)
m4rkiz
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May 18, 2011, 07:53:38 PM
 #21

Are you sure you want to invest $14000?

Yes I'm pretty certain, If not more.

but you know that most likely you can get more coins if you buy them with those 20k usd on mtgox than you can possibly mine with that equipment IF difficulty will rise that fast?

plus $750 for electricity per month (assuming .15c for kWh)
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Dayofswords
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May 18, 2011, 08:07:05 PM
 #22


In fact, most investors bought up 5xxx series cards, which really excel at mining but aren't really top end gaming cards. So now you have a market flooded with mid ranged gaming cards that most gamers probably already have or have better than, reducing value even more.

I sir, am that market!

Cheesy

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ensign_lee
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May 18, 2011, 09:08:49 PM
 #23

Well it depends because there will be loads of used 5850s on eBay after all the miners have quit in a hypothetical scenario and the market would be saturated ( where as now these cards are rarities ) and you could end up with nobody wanting to buy your cards or if at all, for a very small sum etc.

Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.

In fact, most investors bought up 5xxx series cards, which really excel at mining but aren't really top end gaming cards. So now you have a market flooded with mid ranged gaming cards that most gamers probably already have or have better than, reducing value even more.

http://www.tomshardware.com/reviews/best-graphics-card-radeon-hd-6990-geforce-gtx-590,2912-7.html

uh...says who? 5870s and 5850s, hell, even 5770s are pretty damn good graphics cards that can play most games out there without a sweat.
tachi641
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May 18, 2011, 10:03:32 PM
 #24

Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?

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Nythain
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May 18, 2011, 10:06:47 PM
 #25

technically there will be the same amount of btc to go around since the system is designed to allow for 6 blocks per hour. this is why we see difficulty adjustments to begin with, to keep the flow of new btc stable.

Dayofswords
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May 18, 2011, 10:08:03 PM
 #26

Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?
Just have a back up plan...

you're investing more than me and my brother's shared college fund to give a comparison...

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bulanula
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May 18, 2011, 10:38:35 PM
 #27

Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?
Just have a back up plan...

you're investing more than me and my brother's shared college fund to give a comparison...

That is all I am saying as well. But if you have the cash to lose then please go forward etc.

Don't re-mortgage your house for this etc. !
ensign_lee
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May 18, 2011, 10:51:43 PM
 #28

Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?

Quotes like are dangerous. There is no such thing as "there is no way this will bust." So many people have trouble even understanding the bitcoin concept; this thing can bust easily.
Nythain
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May 18, 2011, 10:53:51 PM
 #29

"Everyone needs gasoline for their vehichles. There's no way this store will go out of business." <2 months later> "Going out of business..."

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