December 23, 2024, 03:43:42 AM

Welcome, Guest

News: Latest Bitcoin Core release: 28.0 [Torrent]

Bitcoin Forum>Bitcoin>Mining>Mining speculation

Pages:

Author

Topic: A short graphical novel on the subject of Bitcoin Mining (Read 8021 times)

SgtSpike

legendary

Activity: 1400

Merit: 1005

Good stuff!

However, I started about 2 weeks before this comic, and over the course of my GPU mining career, made over $5,000 on a $1,100 investment over the course of a year. In the FPGA realm, I made over $2,500 on a $6,000 investment in 2 months. Waiting for the ASIC realm, but I expect it to be quite profitable for me as well.

muyuu

donator

Activity: 980

Merit: 1000

Bump for the lulz

Lethn

legendary

Activity: 1540

Merit: 1000

lolz I can't stress enough that Bitcoin mining now should be seen as a way of transferring your wealth and getting Bitcoins for the hell of it rather than actually trying to make money.

btcash

hero member

Activity: 968

Merit: 515

Gave me a good laugh

Looking forward to see more from you.

muyuu

donator

Activity: 980

Merit: 1000

Heh had a good chuckle with that. Thanks.

It's been months since entering GPU mining started being a crazy idea. I've been trying to warn people but a lot were very determined.

Since about September it was already completely out of the question for the average person doing a significant investment.

bcbigbud420

full member

Activity: 171

Merit: 100

Awesome comic lol Grin

YipYip

hero member

Activity: 574

Merit: 500

Quote from: Gatorhex on December 26, 2012, 03:33:52 PM

Yeah that's about what many people find

"Wow, I made over $900 in one month!"

should have been followed with..

"WTF! $800 power bill. Gonna take a year just to pay for equipment"

Wink

Honestly guys 10% return per month is smoking with a capital S

In finance a return of 30-40% PA is regarded as a fraud..so BTC getting ~90% PA is golden Cool

crazyates

legendary

Activity: 952

Merit: 1000

Quote from: Gatorhex on December 26, 2012, 03:33:52 PM

Yeah that's about what many people find

"Wow, I made over $900 in one month!"

should have been followed with..

"WTF! $800 power bill. Gonna take a year just to pay for equipment"

Wink

When the difficulty was under 2 million or the price was >$20, mining was a lot more profitable than it was today.

Gatorhex

full member

Activity: 126

Merit: 100

Yeah that's about what many people find

"Wow, I made over $900 in one month!"

should have been followed with..

"WTF! $800 power bill. Gonna take a year just to pay for equipment"

Wink

Lethn

legendary

Activity: 1540

Merit: 1000

True it's going to be awesome when we don't have to deal in that stupid paper anymore lol Tongue

felipelalli

full member

Activity: 229

Merit: 103

Me too. But gold is too heavy, bits are lighter.

Lethn

legendary

Activity: 1540

Merit: 1000

This is why I invest in Gold.

felipelalli

full member

Activity: 229

Merit: 103

I am back from future. Relax mates! All is good now. Cool

Drifter

sr. member

Activity: 364

Merit: 252

Cool comic, but why did you have to have the punchline/ending as your avatar Sad

. Knew what was coming all along.

Amisād

newbie

Activity: 5

Merit: 0

Quote from: Arceny on May 14, 2011, 07:06:05 PM

Few weeks ago i built my first mining rig (2x5870). LOL.

Yes, that's right, this comic is about you! Incidentally that's the same setup I ordered, which is why I used it in that case. Welcome to the ethernet hanging club.

grondilu

legendary

Activity: 1288

Merit: 1080

Mining is an investment. There are risks because there are costs and no guarantee that the income will cover the costs.

Miners should always keep in mind that mining is a race between all miners. And everyone can not be a winner.

mewantsbitcoins

full member

Activity: 126

Merit: 101

I image that's what the guy who added 0.7 Thash/s today must be thinking. Timing of this could not have been better Grin

Arceny

sr. member

Activity: 290

Merit: 251

Few weeks ago i built my first mining rig (2x5870). LOL.

Amisād

newbie

Activity: 5

Merit: 0

Reaction from #bitcoin:

http://i066.radikal.ru/1105/b2/562ec3495f46.png

netxshare

full member

Activity: 120

Merit: 100

Pages:

Bitcoin Forum>Bitcoin>Mining>Mining speculation

Jump to: