Jump to content

Do You BitCoin?


Foxx

Recommended Posts

As one who works in investigating fraud, sometimes defending the accused, I see down the road fantastic opportunities for case work...

Bought mine in 2013 for !@#$ all and have sold a bunch so even if my 78 (which are worth close to $1600.00 can each) fall off the face of the earth and get me nothing, I still made money.

 

Now having said that. Nobody is paying close to $1600 can right now. I can sell them all tomorrow for $1200.00 each but I am in wait and see mode.

 

Gotta love the speculation business!

Link to comment
Share on other sites

I tried to purchase some bitcoin a while back and gave up. Not only is the process convoluted but you get boned on exchange rates. For example this site wanted you to buy gift cards with cash, but after the transaction you are left with a third of the value in bitcoin. No thanks.

Link to comment
Share on other sites

A few colleagues realized the mining would lead to a huge demand in certain computer products and made a decent return on stocking up on the cards, I don't know the specifics as I'm not of that world...

Link to comment
Share on other sites

Bitcoin is like speculating on comic books or action figures. Right now they're hot, but it's only worth what a collector is willing to pay.

 

At it's core, it's a pyramid scheme; only the early adopters get rich. The rest are just shuffling money around.

 

and one day coming up... blip... and it's all gone into 3 people's pockets...

Link to comment
Share on other sites

I've looked into BTC but the the electricity cost to value of coins mined ratio represents a net loss

the two most obvious things to be considered, are indeed the operating costs (electricity) and upfront costs (hardware) that will factor into the profitability aspect. then there is the little known Difficulty factor which recalculates every 13/14 days or so and the Pool fees that you pay.

 

that being said, i currently pay around 10 cents a kiloWatt hour and it is still very profitable for me. with my current hashing power, i make enough every month to cover my operating expenses and pay my mortgage.

Edited by Foxx
  • Shocked 1
Link to comment
Share on other sites

 

and one day coming up... blip... and it's all gone into 3 people's pockets...

LoL!

 

Ain't that how everything works. :-/

 

So, from what everybody is saying, it is easier to join these guys:

 

6ac5c7743bcae4977ff30404f8f602e4.jpg

 

So that where that insufferable Leafs fan thebug got his 78 BitCoins! TO fans, salt of the earth! ;-) J/K buggy! :-)

Link to comment
Share on other sites

This topic is OLD. A NEW topic should be started unless there is a very specific reason to revive this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...