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Topic: ASIC Miners have screwed me over. - page 2. (Read 5012 times)

legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
October 22, 2012, 01:23:12 PM
#33
Not me. I don't want to control anyone else, that would break the non-aggression principle.

Of course, deep down inside, every one of us has our inner fascist: if we could do it without consequence, of course we would all love to mould the world in our countenance?

+1. What bought me to libertarianism is the internalization of the idea that I should treat others as I would hope to be treated myself. Of course, I know that I'm special and that everything I know is right (at least until I change my mind) and if I was grand leader of the world, things would be peachy for everyone forever but I wouldn't (and don't) feel that way about others who would aspire to that position so the fairest thing is if we all leave each other alone as much as possible to achieve success and happiness in our own ways.
newbie
Activity: 25
Merit: 0
October 22, 2012, 10:23:55 AM
#32
Competition in mining, like in any industry, will mean that the average person is unable to make a profit. Only those who invest the most time, are the most efficient, and stay ahead of the curve will make money long term with Bitcoin mining, and this should be expected.

+1

Bitcoin mining isn't a get-rich-quick scheme, nor is Bitcoin itself for that matter. But if it was, it'd probably seem too good to be true and thus not be true. Grin

+1
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 20, 2012, 01:59:39 PM
#31
Not me. I don't want to control anyone else, that would break the non-aggression principle.

Of course, deep down inside, every one of us has our inner fascist: if we could do it without consequence, of course we would all love to mould the world in our countenance?
hero member
Activity: 952
Merit: 1009
October 20, 2012, 12:06:43 PM
#30
Meh, hang out a while here and you'll learn pretty quick that most so-called libertarians or anarchists on this site are in fact nothing but conservatives, that were just born on the wrong side of the money spout. They're not so much about getting rid of control of the masses, but instead much more about being the ones doing the controlling in this new coin order.
newbie
Activity: 9
Merit: 0
October 20, 2012, 11:58:06 AM
#29
I'm just impressed that conservatives now how to use a computer. Let alone bitcoin.... Do trailer parks give out free wifi now?
newbie
Activity: 40
Merit: 0
October 20, 2012, 11:05:15 AM
#28
Awesome

politically correct

I hire people to follow people using that phrase and hit them upon the back of their heads. Anyone interested in that job, please send 10 BTC to the adress below to receive your first target and equipment.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 20, 2012, 07:32:35 AM
#27
Some of the numbers people keep saying about how much you can mine with an ASIC setup seem to vary wildly so I'm not really sure what to think about it. I'm going to wait for them to drop then consider if I really want to get into mining. I have access to a lot of unused server racks at my job so I'll just let everyone else figure out how it all works out then jump in later. Smiley

Too sensible. Smiley I'm a gambler so I love to jump in and take a calculated risk when I see one. Losing is always a possibility but this seems less risky than the casino TBH.
full member
Activity: 180
Merit: 100
October 20, 2012, 07:25:07 AM
#26
Some of the numbers people keep saying about how much you can mine with an ASIC setup seem to vary wildly so I'm not really sure what to think about it. I'm going to wait for them to drop then consider if I really want to get into mining. I have access to a lot of unused server racks at my job so I'll just let everyone else figure out how it all works out then jump in later. Smiley
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 20, 2012, 06:03:03 AM
#25
I ordered the bASIC. Bitcoin aint just for the few bucks I get but also for the fun of it.

And we're doing a service to the community at some risk to ourselves in these ventures. That's what justifies the possible profit. It's not "free moniez". Smiley
newbie
Activity: 46
Merit: 0
October 20, 2012, 01:14:54 AM
#24
I ordered the bASIC. Bitcoin aint just for the few bucks I get but also for the fun of it.
full member
Activity: 124
Merit: 100
October 19, 2012, 11:48:38 PM
#23
Wait, how are asics not going to work again? I work off of facts. Sorry. I ordered a single from butterfly labs and I expect to make a lot!! 40 GH/S baby!
sr. member
Activity: 336
Merit: 250
October 19, 2012, 08:16:09 PM
#22
and ASIC's are too GOOD to be TRUE.
sr. member
Activity: 336
Merit: 250
October 19, 2012, 08:15:32 PM
#21
if ASIC is a SCAM what will everyone do?
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 19, 2012, 12:43:55 PM
#20
Conservatively? 12 months.

Same all models, since they have -about- the same $-per-Ghash rate, approximately.

Delivery ETA is mid-to-end of November for Round 1, and guessing Mid-to-end of December for Round 2.

Conservative indeed: I think early ASIC adopters have a good chance at a much shorter RoI than that. If you're more interested in holding than selling mined coin (which I am), then this period is of less significance, of course.

Thing is, who knows what a BTC will be worth in fiat terms six, twelve or howevermany months down the line? That might be even tougher to estimate than the difficulty level.
sr. member
Activity: 467
Merit: 250
October 19, 2012, 12:32:23 PM
#19
Dlasher - conservatively, how long before a jalapeno earns you the $160 back? Same question for the 60Gh model? Also what is the delivery ETA on these items?

Conservatively? 12 months.

Same all models, since they have -about- the same $-per-Ghash rate, approximately.

Delivery ETA is mid-to-end of November for Round 1, and guessing Mid-to-end of December for Round 2.
full member
Activity: 229
Merit: 100
October 19, 2012, 11:11:31 AM
#18
Dlasher - conservatively, how long before a jalapeno earns you the $160 back? Same question for the 60Gh model? Also what is the delivery ETA on these items?
sr. member
Activity: 467
Merit: 250
October 19, 2012, 11:02:07 AM
#17
I have just bought a new Graphics card for bitcoin mining and realized that ASIC's were going to be released in a short while. Shocked
Graphics card overheats from over clocking and knowing the cable for the cooling fan out while installing sound card leaving me with a nvida geforce 840gs.  Cry
I want to get into the Bitcoin mining business. Any ideas?

Buy ASIC. Buy one of -these-.

Gamble like the rest of us did when we bought piles of GPU's that we'd pay them off in 12 months.. Most of us did.  After the dust settles, enjoy the coin earned every month, and congratulate yourself for being willing the take the risk.

In the mean time, talk to your friends, come up with new ways to spend/use/promote bitcoin so that the coin you earn has more value.





full member
Activity: 229
Merit: 100
October 19, 2012, 10:42:02 AM
#16
How much are ASIC miners going for at present? I have seen figures for ROI on them as low as 10 days, is that at the current difficulty or the expected difficulty when they are released?
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
October 19, 2012, 01:42:07 AM
#15
Bitcoin mining isn't a get-rich-quick scheme, nor is Bitcoin itself for that matter.

Damn.
We need a pyramid cryptocurrency stat.

There have got to be one or two good ways to start a Ponzi scheme with Bitcoin... Grin

Start a reverse Ponzi scheme where the guys who get in first receives less than the guys they recruit. If they want to continue to get paid, they must recruit more members, and the members whom they recruited don't receive the higher reward until they recruit X. Call it the RMLPS (reverse multi-level Ponzi scheme): Turning your network upside down.

(tired and going to bed, so if the above doesn't make sense, this is why)
b!z
legendary
Activity: 1582
Merit: 1010
October 18, 2012, 10:54:52 PM
#14
get a life
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