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Lagrangian
Senior tranceaddict



Registered: Feb 2012
Location: Mountain View, Santa Clara, California
Bitcoin Mining

So, I want buy a Bitcoin Miner: http://www.butterflylabs.com but I don't know if I should. I would like to kindly ask TA members if they have heard of someone who has become profitable mining bitcoins. According to Butterfly Labs, with a $1,299 investment one would be able see a return of $300-$400 daily or 23% ROI A DAY -- calculated risk or gamble?


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Old Post Mar-31-2013 00:08  Norway
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Lews
Platipus And Prog Addict



Registered: Feb 2007
Location: Hugging Whales And Saving Trees


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Old Post Mar-31-2013 00:11 
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itsamemario
Italian Plumber



Registered: Jun 2001
Location: Mushroom Kingdom

http://bitcoin.stackexchange.com/qu...the-sc-jalepeno


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Old Post Mar-31-2013 00:14 
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Vivid Boy
TA's GodFather



Registered: Sep 2001
Location: T.O

how many bitcoins buy one loaf of bread?

Old Post Mar-31-2013 00:18 
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Lagrangian
Senior tranceaddict



Registered: Feb 2012
Location: Mountain View, Santa Clara, California

quote:
Originally posted by itsamemario
http://bitcoin.stackexchange.com/qu...the-sc-jalepeno


A trend is a trend is a trend

http://bitcoincharts.com


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Old Post Mar-31-2013 00:26  Norway
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itsamemario
Italian Plumber



Registered: Jun 2001
Location: Mushroom Kingdom

quote:
Originally posted by Lagrangian
A trend is a trend is a trend

http://bitcoincharts.com


Ummm.. Did you even read the link? Cus the link you posted doesn't really address anything that was said among the answers in my link.

The machines does what it says on the tin. But there are 4+ month delivery + shitty customer service. So I guess that is what makes this a gamble.

Edit: Plus you're not gonna be able to sustain a rate of return, as bitcoins get harder and harder to mine. It's how the system is built.
This mining rig does give you a headstart though, compared to regular ones though.


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Old Post Mar-31-2013 00:41 
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Lagrangian
Senior tranceaddict



Registered: Feb 2012
Location: Mountain View, Santa Clara, California

yes, i did read it.

check this out, this is where i got my initial estimates:

http://www.bitcoinx.com/profit/


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Old Post Mar-31-2013 02:08  Norway
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djshire
Supreme tranceaddict



Registered: Dec 2010
Location: Detroit, MI, USA

Those numbers are fucking lies, you wont get a return for a very long time, don't do this, you'll make more money on a mutual fund.


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Agreed. You da man!

Old Post Mar-31-2013 03:32  United States
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KilldaDJ
birth.school.trance.death



Registered: Sep 2001
Location: tranceaddict wants to know your location

fuck bitcoins raep


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Old Post Mar-31-2013 22:26 
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Dj Nacht
Supreme tranceaddict



Registered: Feb 2003
Location:

I've been reading up on Bitcoins lately as well. Just last night I discovered the mining hardware, but the shipping delays are scary. By the time you get that machine, it might already be obsolete and time to upgrade. I have a feeling that once these things hit the market, mining will become controlled by only a few people.

Old Post Apr-01-2013 14:50 
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enydo
~



Registered: Jan 2008
Location: NYC

GOOD LUCK, MAN. YOU GOT THIS ON LOCK.

Old Post Apr-01-2013 15:59 
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idoru
You Can Call Me Al



Registered: May 2004
Location: Cascadia

You guys are no fun. You're supposed to support him knowing full well that it won't end well, then sit back and watch things fall apart.

Old Post Apr-01-2013 20:14 
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