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#16 |
Administrator
Join Date: Aug 2000
Location: Austin
Casino cash: $2689112
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With the new ASIC hardware coming out later this month... bitcoin mining is going to explode. In theory, a $10k investment in hardware would pay itself off in less then a month and be all profit from there on out. Of course you only would have a year or two max to make that profit in... but hell if it is 20 months of $10k+ profit, that's not too shabby.
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Posts: 19,495
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#17 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1720477
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Posts: 40,338
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#18 |
so close
Join Date: Sep 2007
Location: wichita
Casino cash: $3156156
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Posts: 2,263
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#19 |
Administrator
Join Date: Aug 2000
Location: Austin
Casino cash: $2689112
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Posts: 19,495
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#20 |
so close
Join Date: Sep 2007
Location: wichita
Casino cash: $3156156
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I guess ill just duct tape my flashlight....
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Posts: 2,263
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#21 | |
so close
Join Date: Sep 2007
Location: wichita
Casino cash: $3156156
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Quote:
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Posts: 2,263
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#22 |
I'll be back.
Join Date: Nov 2002
Casino cash: $4730478
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It's great for buying drugs and underage pr0n on the deep web.
You're burning money if you invest for any other reason.
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Posts: 277,741
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#23 |
Administrator
Join Date: Aug 2000
Location: Austin
Casino cash: $2689112
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Unless you are mining.. in which case you are "creating" money.. so long as there is a market for it... and until it hits its cap in a few years (or more)
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#24 |
I'll be back.
Join Date: Nov 2002
Casino cash: $4730478
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Aren't the electricity costs prohibitive?
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#25 |
Administrator
Join Date: Aug 2000
Location: Austin
Casino cash: $2689112
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not with the new ASICs but yeah in the past you ate up all your profits by running a crapload of high wattage GPUs. I think the current gen ones coming out in Late April will cost less then $1/day to run. Which is why I expect an explosion in miners.
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Posts: 19,495
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#26 |
so close
Join Date: Sep 2007
Location: wichita
Casino cash: $3156156
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Thanks for a little info AC
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Posts: 2,263
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#27 | |
Ain't no relax!
Join Date: Sep 2005
Casino cash: $2298919
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Wow.... Bitcoin is kinda going crazy right now.
Quote:
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#28 |
You Sweetie!
Join Date: Sep 2005
Casino cash: $2021206219
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I've got to do it again - sorry in advance.
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Posts: 71,691
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#29 |
You Sweetie!
Join Date: Sep 2005
Casino cash: $2021206219
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Posts: 71,691
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#30 |
Mahomes Dynasty
Join Date: Mar 2005
Location: Parts Unknown
Casino cash: $8052254
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