Investing in Bit Coins

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  • BareBacked
    Confirmed User
    • Feb 2007
    • 3685

    #1

    Investing in Bit Coins

    What is the best way to get in?
    NEW SITE PAYING $30 for a $1 TRIAL

    Selfies
  • 2013
    So Fucking Banned
    • Dec 2012
    • 4390

    #2
    you gotta be straight

    Comment

    • Penny24Seven
      So Fucking What
      • Jun 2007
      • 6287

      #3
      go back in time a year from now and buy them
      Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

      Comment

      • CAHEK
        C.C.C.P.
        • Aug 2003
        • 7423

        #4
        Investing in Virtual Money ?
        Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

        Make Europe Poor Again (MEPA)

        Comment

        • Chris
          Too lazy to set a custom title
          • May 2003
          • 27880

          #5
          Originally posted by Brian837
          go back in time a year from now and buy them
          why a year ago? what was it last week this time? 50?

          if you got in when namecheap announced you've doubled your money.


          easiest way is to fund a mtgox account and buy that way but mtgox verification que is like 8,000 deep
          [email protected]

          Comment

          • - Jesus Christ -
            Confirmed User
            • Mar 2003
            • 7197

            #6
            If there was an easy way to get in the price would be stupid high right now. Mt. Gox has a verification backlog of over 4000 and you'd have to use some kind of script to hammer coinbase's API if you went that route. Even then you are limited to 10 Coins a day.

            Also... hello bitcoin haters. You're gonna feel REALLY fucking dumb in the next 10 years.

            Amen

            Comment

            • BareBacked
              Confirmed User
              • Feb 2007
              • 3685

              #7
              Originally posted by Chris
              why a year ago? what was it last week this time? 50?

              if you got in when namecheap announced you've doubled your money.


              easiest way is to fund a mtgox account and buy that way but mtgox verification que is like 8,000 deep
              So there is no way I can just buy it online today ?
              NEW SITE PAYING $30 for a $1 TRIAL

              Selfies

              Comment

              • AdultPornMasta
                Confirmed User
                • May 2012
                • 1506

                #8
                Originally posted by BareBacked
                What is the best way to get in?
                Buy a Jalpeno and start mining.



                Last edited by AdultPornMasta; 03-27-2013, 04:47 PM.
                "The world is full of obvious things which nobody by any chance ever observes."

                Comment

                • seeandsee
                  Check SIG!
                  • Mar 2006
                  • 50945

                  #9
                  Ok price almost doubled now, who sold it all and made 100% ROI in few weeks?
                  BUY MY SIG - 50$/Year

                  Contact here

                  Comment

                  • CYF
                    Coupon Guru
                    • Mar 2009
                    • 10973

                    #10
                    Originally posted by BareBacked
                    So there is no way I can just buy it online today ?
                    You can buy anytime you want from another person.
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                    Comment

                    • AllAboutCams
                      Femcams.com
                      • Jul 2011
                      • 12234

                      #11
                      Easy but them on ebay know when you get your account approved transfer them
                      Binance - Blockchain and Crypto Asset Exchange
                      Chaturbate make money in cams

                      Comment

                      • Dirty F
                        Too lazy to set a custom title
                        • Jul 2001
                        • 59204

                        #12
                        Funny how the same haters are in all the Bitcoin threads.
                        Must suck to see people double their money in 2 weeks time

                        Comment

                        • Chris
                          Too lazy to set a custom title
                          • May 2003
                          • 27880

                          #13
                          Originally posted by BareBacked
                          So there is no way I can just buy it online today ?
                          no real way to instantly buy with a credit card or anything online right now

                          unless you find someone who takes paypal

                          best bet is going to google and find some bitcoin forums or reddit.com/r/bitcoin and post saying wanting to buy bitcoin for paypal
                          but you will pay a premium
                          [email protected]

                          Comment

                          • AdultPornMasta
                            Confirmed User
                            • May 2012
                            • 1506

                            #14
                            If you are buying Bitcoins, you are doin' it wrong.

                            "The world is full of obvious things which nobody by any chance ever observes."

                            Comment

                            • Dirty F
                              Too lazy to set a custom title
                              • Jul 2001
                              • 59204

                              #15
                              Originally posted by Chris
                              no real way to instantly buy with a credit card or anything online right now

                              unless you find someone who takes paypal

                              best bet is going to google and find some bitcoin forums or reddit.com/r/bitcoin and post saying wanting to buy bitcoin for paypal
                              but you will pay a premium
                              If i can buy them online on a Dutch site instantly then there must be options like that for other countries as well right?

                              Comment

                              • Chris
                                Too lazy to set a custom title
                                • May 2003
                                • 27880

                                #16
                                Originally posted by Dirty F
                                If i can buy them online on a Dutch site instantly then there must be options like that for other countries as well right?
                                I personally am not looking but everyone ive seen that has been looking for a site to use just a straight credit card to buy coin has not found one yet

                                edit: ive seen sites like http://www.buybitcoin.com/Bitcoins--...rency_p_8.html but the price they list is actually lower than the cost of BTC .. doesnt give me alot of faith in the site actually delivering
                                Last edited by Chris; 03-27-2013, 05:14 PM.
                                [email protected]

                                Comment

                                • Dirty F
                                  Too lazy to set a custom title
                                  • Jul 2001
                                  • 59204

                                  #17
                                  And this? https://bitinstant.com/
                                  Just found it. Haven't read the details though.

                                  Comment

                                  • AdultPornMasta
                                    Confirmed User
                                    • May 2012
                                    • 1506

                                    #18
                                    http://howdoyoubuybitcoins.com/in/united-states/

                                    You should be mining though....................................

                                    "The world is full of obvious things which nobody by any chance ever observes."

                                    Comment

                                    • Chris
                                      Too lazy to set a custom title
                                      • May 2003
                                      • 27880

                                      #19
                                      Originally posted by Dirty F
                                      And this? https://bitinstant.com/
                                      Just found it. Haven't read the details though.
                                      No you have to use one of the approved services that you have to get verified with aswell and then do a bank transfer or find one that does a cc transfer and then transfer to mtgox or one of the others


                                      Originally posted by AdultPornMasta
                                      http://howdoyoubuybitcoins.com/in/united-states/

                                      You should be mining though....................................

                                      Not everyone wants to spend a grand or so on a mining machine to mine a few dollars a day
                                      [email protected]

                                      Comment

                                      • AdultPornMasta
                                        Confirmed User
                                        • May 2012
                                        • 1506

                                        #20
                                        Originally posted by Chris
                                        No you have to use one of the approved services that you have to get verified with aswell and then do a bank transfer or find one that does a cc transfer and then transfer to mtgox or one of the others



                                        Not everyone wants to spend a grand or so on a mining machine to mine a few dollars a day
                                        You about a numbskull.

                                        Do your homework.

                                        "The world is full of obvious things which nobody by any chance ever observes."

                                        Comment

                                        • Chris
                                          Too lazy to set a custom title
                                          • May 2003
                                          • 27880

                                          #21
                                          Originally posted by AdultPornMasta
                                          You about a numbskull.

                                          Do your homework.

                                          you figured me out ;/

                                          tell me why a random guy who wants to buy a few coins should just buy a mining rig rather than just buy the coin outright?

                                          If i bought $500 worth of coin last week at 50$ each i would of had 10 coins. Today those 10 coins are worth 890.... i would not of had to "mine" anything. i would of not had to buy a computer. I would of not had to use up electricity

                                          instead of calling me a "numbskull" educate me ...thats what I'm here for...
                                          [email protected]

                                          Comment

                                          • Konda
                                            ...
                                            • Apr 2003
                                            • 2280

                                            #22
                                            Originally posted by Chris
                                            everyone ive seen that has been looking for a site to use just a straight credit card to buy coin has not found one yet
                                            You usually can't buy BitCoins with creditcards, it's too risky, because if the card was stolen or the user does a chargeback there is no way to get the funds back.
                                            So no one wants to take a risk. Their might be some that are willing to take the risk, but the will charge huge fees and usually don't last long.

                                            The easiest it to just do a bank transfer.

                                            Comment

                                            • NiXXiN
                                              Confirmed User
                                              • Apr 2012
                                              • 470

                                              #23
                                              best and easiest way is make a mtgox account, also join freenode and join some of the bitcoin rooms, they sell in there and they can be verified as legit sellers with a selling history. i buy mine privately and sell mine on mtgox.
                                              _______________________________________________
                                              Onliance
                                              Resident Ginger | RBC Member | AppDev.
                                              Irc.Rizon.net #GFY

                                              Comment

                                              • NiXXiN
                                                Confirmed User
                                                • Apr 2012
                                                • 470

                                                #24
                                                dont buy an avalon or butterfly labs mining rigs, once they start to roll them out its going to make mining them insanly diffilcult to get ahold of any blocks to mine. just buy a shitload in one day and sell it in 2 days, keep doing that.
                                                _______________________________________________
                                                Onliance
                                                Resident Ginger | RBC Member | AppDev.
                                                Irc.Rizon.net #GFY

                                                Comment

                                                • dyna mo
                                                  just a fucking jerk
                                                  • Dec 2008
                                                  • 68184

                                                  #25
                                                  in the u.s., absolutely follow Chris's advices in this thread-

                                                  every transaction is done at mtgox.

                                                  and also make sure you move your purchases into a safe offline wallet with all security codes written down and stored in a safe way.

                                                  Comment

                                                  • mayabong
                                                    Confirmed User
                                                    • Jan 2010
                                                    • 1952

                                                    #26
                                                    Originally posted by dyna mo
                                                    in the u.s., absolutely follow Chris's advices in this thread-

                                                    every transaction is done at mtgox.

                                                    and also make sure you move your purchases into a safe offline wallet with all security codes written down and stored in a safe way.
                                                    If you are in the US, try coinbase. You link your bank account and they take it out. You dont get the coins for a few days but you get at the price you ordered them for.

                                                    You can also try Bitfloor where you deposit cash into a BOA branch.

                                                    You can also try http://localbitcoins.com
                                                    Bitcoin Gambling Sites

                                                    Comment

                                                    • Deputy Chief Command
                                                      Deputy Chief Command
                                                      • Nov 2005
                                                      • 4482

                                                      #27
                                                      Originally posted by - Jesus Christ -

                                                      Also... hello bitcoin haters. You're gonna feel REALLY fucking dumb in the next 10 years.
                                                      I think it is a risky investment. The way the gov. works they want a piece of everything. They are like the mafia. If bitcoin is to really blow up and become huge the gov will need to be awarded a piece of the business

                                                      If the gov can't get this piece they will make it illegal. Thats how it works

                                                      Comment

                                                      • dyna mo
                                                        just a fucking jerk
                                                        • Dec 2008
                                                        • 68184

                                                        #28
                                                        i would also take advice from mayabong on this as valid.

                                                        :-)

                                                        this thread addressed my only rules when i decided to start playing with bitcoins

                                                        1. every transaction will go through mtgox, it has vc backing and backed by silicon valley bank, in part, giving it legitimacy in my mind, translation, comfort.

                                                        2. always always always clear bitcoins out of the online account. always.

                                                        3. have fun!

                                                        Comment

                                                        • mayabong
                                                          Confirmed User
                                                          • Jan 2010
                                                          • 1952

                                                          #29
                                                          Originally posted by dyna mo
                                                          i would also take advice from mayabong on this as valid.

                                                          :-)

                                                          this thread addressed my only rules when i decided to start playing with bitcoins

                                                          1. every transaction will go through mtgox, it has vc backing and backed by silicon valley bank, in part, giving it legitimacy in my mind, translation, comfort.

                                                          2. always always always clear bitcoins out of the online account. always.

                                                          3. have fun!
                                                          Yes never leave your bitcoins with a 3rd party. I learned that the hard way when coinbase had a glitch last week. Never lost any coins but couldn't use them for 5 days.

                                                          Blockchain.info is supposedly pretty secure as long as you back up your wallet from there (its easy). If anyone ever hacked into blockchain.info all they would see is an encrypted wallet and wont be able to access your bitcoins
                                                          Bitcoin Gambling Sites

                                                          Comment

                                                          • Dirty F
                                                            Too lazy to set a custom title
                                                            • Jul 2001
                                                            • 59204

                                                            #30
                                                            The site where i buy my coins ran out!

                                                            Comment

                                                            • Emil
                                                              Confirmed User
                                                              • Feb 2007
                                                              • 5655

                                                              #31
                                                              Originally posted by CAHEK
                                                              Investing in Virtual Money ?
                                                              Most currencies are virtual, but you're too stupid to realize that.
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                                                              Comment

                                                              • DWB
                                                                Registered User
                                                                • Jul 2003
                                                                • 31779

                                                                #32
                                                                Originally posted by Emil
                                                                Most currencies are virtual, but you're too stupid to realize that.
                                                                They are fiat, which if you want to split hairs could mean the same thing, but saying "virtual" it usually means online. To go a step further, using the USD for example, it is even worse than fiat because it is actually debt. So people who save USD are essentially saving IOU notes. Nothing more. USD savers are losers, literally.

                                                                At least bitcoin isn't debt. It may be fiat, but if they can ever work out the illegal use aspect of it so govs and banks won't shut it down, as silly as it sounds, putting money in bitcoins makes more sense than saving US dollars, providing you still have internet access in the morning and a hacker didn't wipe you out while you are sleeping. Short term bitcoin will make a lot of money, no doubt about it. Long term, I just don't see how it will last, because the fact it supposedly is not regulated (even though there will only ever be 21 million of them), is the exact reason banks and governments may want to dispose of it. Looking back through history, anything they can not tax or control, they make illegal.

                                                                If the owner of bitcoin had any real long term goals, he would be getting some heavy duty lobbyist in Washington right now to help ensure the survival of it. Otherwise it's a coin toss.

                                                                Comment

                                                                • dyna mo
                                                                  just a fucking jerk
                                                                  • Dec 2008
                                                                  • 68184

                                                                  #33
                                                                  Originally posted by DWB
                                                                  They are fiat, which if you want to split hairs could mean the same thing, but saying "virtual" it usually means online. To go a step further, using the USD for example, it is even worse than fiat because it is actually debt. So people who save USD are essentially saving IOU notes. Nothing more. USD savers are losers, literally.

                                                                  At least bitcoin isn't debt. It may be fiat, but if they can ever work out the illegal use aspect of it so govs and banks won't shut it down, as silly as it sounds, putting money in bitcoins makes more sense than saving US dollars, providing you still have internet access in the morning and a hacker didn't wipe you out while you are sleeping. Short term bitcoin will make a lot of money, no doubt about it. Long term, I just don't see how it will last, because the fact it supposedly is not regulated (even though there will only ever be 21 million of them), is the exact reason banks and governments may want to dispose of it. Looking back through history, anything they can not tax or control, they make illegal.

                                                                  If the owner of bitcoin had any real long term goals, he would be getting some heavy duty lobbyist in Washington right now to help ensure the survival of it. Otherwise it's a coin toss.

                                                                  buying debt is safer than buying equity. always has been. the bond market.

                                                                  Comment

                                                                  • DWB
                                                                    Registered User
                                                                    • Jul 2003
                                                                    • 31779

                                                                    #34
                                                                    Originally posted by dyna mo
                                                                    buying debt is safer than buying equity. always has been. the bond market.
                                                                    Government bonds / Tbills are for sure better, no doubt about it! I'm talking about USD vs Bitcoin long term and savings. Of course I'm also hypothetically speaking as if bitcoin makes it long term, which I personally don't think it will.

                                                                    Comment

                                                                    • dyna mo
                                                                      just a fucking jerk
                                                                      • Dec 2008
                                                                      • 68184

                                                                      #35
                                                                      oh i see, you mentioned "saving usd" which i thought to mean as buying savings bonds/buying usd.

                                                                      Comment

                                                                      • - Jesus Christ -
                                                                        Confirmed User
                                                                        • Mar 2003
                                                                        • 7197

                                                                        #36

                                                                        Amen

                                                                        Comment

                                                                        • Penny24Seven
                                                                          So Fucking What
                                                                          • Jun 2007
                                                                          • 6287

                                                                          #37
                                                                          im no hater. I have many from a long time ago, I just think they are going to crash sooner or later. I'm holding till 400 unless I hear different
                                                                          Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

                                                                          Comment

                                                                          • marlboroack
                                                                            So Fucking Banned
                                                                            • Jul 2010
                                                                            • 9327

                                                                            #38
                                                                            A lot of hidden bitcoin sellers burred deep down within' the internet. Download the browser Tor and do some searches on black market shit.. You'll find a lot of people w bitcoins there. If you buy enough I'm sure they will open a Paxum account.

                                                                            Comment

                                                                            • mayabong
                                                                              Confirmed User
                                                                              • Jan 2010
                                                                              • 1952

                                                                              #39
                                                                              Originally posted by DWB
                                                                              They are fiat, which if you want to split hairs could mean the same thing, but saying "virtual" it usually means online. To go a step further, using the USD for example, it is even worse than fiat because it is actually debt. So people who save USD are essentially saving IOU notes. Nothing more. USD savers are losers, literally.

                                                                              At least bitcoin isn't debt. It may be fiat, but if they can ever work out the illegal use aspect of it so govs and banks won't shut it down, as silly as it sounds, putting money in bitcoins makes more sense than saving US dollars, providing you still have internet access in the morning and a hacker didn't wipe you out while you are sleeping. Short term bitcoin will make a lot of money, no doubt about it. Long term, I just don't see how it will last, because the fact it supposedly is not regulated (even though there will only ever be 21 million of them), is the exact reason banks and governments may want to dispose of it. Looking back through history, anything they can not tax or control, they make illegal.

                                                                              If the owner of bitcoin had any real long term goals, he would be getting some heavy duty lobbyist in Washington right now to help ensure the survival of it. Otherwise it's a coin toss.
                                                                              There is no bitcoin owner
                                                                              Bitcoin Gambling Sites

                                                                              Comment

                                                                              • Dirty F
                                                                                Too lazy to set a custom title
                                                                                • Jul 2001
                                                                                • 59204

                                                                                #40
                                                                                Originally posted by Brian837
                                                                                im no hater. I have many from a long time ago, I just think they are going to crash sooner or later. I'm holding till 400 unless I hear different
                                                                                If you have many already then why did you say you would buy 10k in coins to see what they will do? Doesn't make much sense eh?

                                                                                Comment

                                                                                • Dirty F
                                                                                  Too lazy to set a custom title
                                                                                  • Jul 2001
                                                                                  • 59204

                                                                                  #41
                                                                                  Originally posted by DWB
                                                                                  They are fiat, which if you want to split hairs could mean the same thing, but saying "virtual" it usually means online. To go a step further, using the USD for example, it is even worse than fiat because it is actually debt. So people who save USD are essentially saving IOU notes. Nothing more. USD savers are losers, literally.

                                                                                  At least bitcoin isn't debt. It may be fiat, but if they can ever work out the illegal use aspect of it so govs and banks won't shut it down, as silly as it sounds, putting money in bitcoins makes more sense than saving US dollars, providing you still have internet access in the morning and a hacker didn't wipe you out while you are sleeping. Short term bitcoin will make a lot of money, no doubt about it. Long term, I just don't see how it will last, because the fact it supposedly is not regulated (even though there will only ever be 21 million of them), is the exact reason banks and governments may want to dispose of it. Looking back through history, anything they can not tax or control, they make illegal.

                                                                                  If the owner of bitcoin had any real long term goals, he would be getting some heavy duty lobbyist in Washington right now to help ensure the survival of it. Otherwise it's a coin toss.
                                                                                  The fact that you think there is an owner tells me you know absolutely nothing about Bitcoins and are talking out of your ass. Because if you read about it for 2 mins you would know there is no owner.

                                                                                  Comment

                                                                                  • jscott
                                                                                    jscizzle
                                                                                    • Feb 2001
                                                                                    • 25418

                                                                                    #42
                                                                                    Coinbase is terrible lately, http://www.talkbitcoins.com/talk-bit...-purchases/60/
                                                                                    Can't even buy anymore
                                                                                    If you think tough men are dangerous, wait until you see what weak men are capable of.
                                                                                    - Jordan B. Peterson
                                                                                    Listen to Pomp tell why is Bitcoin important

                                                                                    Comment

                                                                                    • DWB
                                                                                      Registered User
                                                                                      • Jul 2003
                                                                                      • 31779

                                                                                      #43
                                                                                      Originally posted by mayabong
                                                                                      There is no bitcoin owner
                                                                                      Originally posted by Dirty F
                                                                                      The fact that you think there is an owner tells me you know absolutely nothing about Bitcoins and are talking out of your ass. Because if you read about it for 2 mins you would know there is no owner.
                                                                                      It doesn't matter if someone doesn't "own it." Poor choice of words on my end. It needs to be represented properly or the government will eventually make a move on it. If history teaches you nothing else, it should teach you that.

                                                                                      If that means the collective group of bitcoin exchangers or simply mtgox itself, someone needs to try make sure the government doesn't turn on it, and having a voice in Washington is simply how shit gets done when having to deal with the US government. You can have a long term cyber currency that is useful, like how the tobacco industry does with smoking even though it has been proven to cause cancer, or you can stick your head in the sand and hope nothing bad will ever come to it and lose it all when it does. I personally don't care what happens to BTC, I'm just stating some simple and obvious facts.

                                                                                      Comment

                                                                                      • BareBacked
                                                                                        Confirmed User
                                                                                        • Feb 2007
                                                                                        • 3685

                                                                                        #44
                                                                                        I want to buy $1000 per day as long as its going up and sell X per day

                                                                                        How can I do it?
                                                                                        NEW SITE PAYING $30 for a $1 TRIAL

                                                                                        Selfies

                                                                                        Comment

                                                                                        • mayabong
                                                                                          Confirmed User
                                                                                          • Jan 2010
                                                                                          • 1952

                                                                                          #45
                                                                                          Originally posted by DWB
                                                                                          It doesn't matter if someone doesn't "own it." Poor choice of words on my end. It needs to be represented properly or the government will eventually make a move on it. If history teaches you nothing else, it should teach you that.

                                                                                          If that means the collective group of bitcoin exchangers or simply mtgox itself, someone needs to try make sure the government doesn't turn on it, and having a voice in Washington is simply how shit gets done when having to deal with the US government. You can have a long term cyber currency that is useful, like how the tobacco industry does with smoking even though it has been proven to cause cancer, or you can stick your head in the sand and hope nothing bad will ever come to it and lose it all when it does. I personally don't care what happens to BTC, I'm just stating some simple and obvious facts.
                                                                                          The only one I know that would support it in the Senate is Rand Paul. He is for competing currencies.
                                                                                          Bitcoin Gambling Sites

                                                                                          Comment

                                                                                          • Caligari
                                                                                            Confirmed User
                                                                                            • Oct 2009
                                                                                            • 5414

                                                                                            #46
                                                                                            invest in bitcoin domains

                                                                                            i'm selling bitcoinvideos.com and bitcoinvod.com

                                                                                            pm me for info
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                                                                                            Comment

                                                                                            • MikeRoth
                                                                                              Confirmed User
                                                                                              • Jan 2011
                                                                                              • 361

                                                                                              #47
                                                                                              Invest in ASIC miners and hope bitcoin price stays high. It will take a few months to break even on the miners but you should be making a steady profit from there. GPU mining will cease to be profitable once ASIC miners flood the market.
                                                                                              ICQ: 64995031

                                                                                              Comment

                                                                                              • DWB
                                                                                                Registered User
                                                                                                • Jul 2003
                                                                                                • 31779

                                                                                                #48
                                                                                                Originally posted by mayabong
                                                                                                The only one I know that would support it in the Senate is Rand Paul. He is for competing currencies.
                                                                                                It's all about lobbyist. Money makes Washington move.

                                                                                                There should be competing currency even if it would be difficult to maintain. We should all have the right to choose our currency. But that is exactly why some balls need to be cuddled in Washington because it is a competing currency and the Federal Reserve and government doesn't allow that.

                                                                                                Using mtgox for example, they have bank accounts somewhere as they trade dollars for BTC. Those bank accounts can be frozen in a blink of an eye, as can any other exchanger. I would think they would want to do everything possible to make sure that doesn't happen, and since it is a competing currency, and it is being used openly for illegal goods, the odds are currently not in their favor.

                                                                                                Anyway, good luck with it. Hope you make a bunch of money. I'm not getting involved but it's interesting to watch.

                                                                                                Comment

                                                                                                • dyna mo
                                                                                                  just a fucking jerk
                                                                                                  • Dec 2008
                                                                                                  • 68184

                                                                                                  #49
                                                                                                  Originally posted by MikeRoth
                                                                                                  Invest in ASIC miners and hope bitcoin price stays high. It will take a few months to break even on the miners but you should be making a steady profit from there. GPU mining will cease to be profitable once ASIC miners flood the market.
                                                                                                  how many rigs would you say you need to break even in 3 months? based on the 1st batch of avalon rigs and butterfly rigs are out now and batch 2 *i think* is delivering asap, and batch 3 is the final batch, as i understand that, delivering, what, in 6 more month?.

                                                                                                  Comment

                                                                                                  • DWB
                                                                                                    Registered User
                                                                                                    • Jul 2003
                                                                                                    • 31779

                                                                                                    #50
                                                                                                    Originally posted by MikeRoth
                                                                                                    Invest in ASIC miners and hope bitcoin price stays high. It will take a few months to break even on the miners but you should be making a steady profit from there. GPU mining will cease to be profitable once ASIC miners flood the market.
                                                                                                    I've seen some crazy set ups on Youtube but never seen any real numbers from anyone. On average, how many btc does the average miner mine per 24 hours?

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