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Topic: ASIC Miners have screwed me over. - page 3. (Read 5012 times)

hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 18, 2012, 04:31:38 PM
#13
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
newbie
Activity: 16
Merit: 0
October 18, 2012, 01:57:22 PM
#12
Bitcoin mining isn't a get-rich-quick scheme, nor is Bitcoin itself for that matter.

Damn.
We need a pyramid cryptocurrency stat.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
October 18, 2012, 01:30:06 PM
#11
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 18, 2012, 01:11:33 PM
#10
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
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
October 18, 2012, 01:07:14 PM
#9
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.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 18, 2012, 12:49:34 PM
#8
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.

Now now, there's nothing wrong with a bit of PC. Cheesy Granted, too much is toxic, as with anything.

I'm not generally obsessed with PC myself but telling people to "get a job" is just not good form in economic times like these, especially. There are no jobs, or at least employers tend to have excessive requirements - because they can, basically. Loops back to that "economy" thing again. Companies might not all be laying off their staff, but they're concerned about the economic future and want to conserve as much moolah as possible and therefore are being extraordinarily stingy about hiring, thus high unemployment and lack of new job opportunities. Some think it's as bad as the 1930s now but whether they're right or not, the principle of "depression economics" is clear.
hero member
Activity: 952
Merit: 1009
October 18, 2012, 12:35:38 PM
#7
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.
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
October 18, 2012, 12:29:14 PM
#6
get a job

Not a politically correct expression during recessions (and the job market is exceptionally severe).

OK fine, blow all available capital on a mining farm...or better yet zeek rewards, oh wait...
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 18, 2012, 12:05:25 PM
#5
get a job

Not a politically correct polite expression during recessions depressions (and the job market is exceptionally severe).
full member
Activity: 181
Merit: 100
October 17, 2012, 09:14:23 PM
#4
Always fun to take a chance.
legendary
Activity: 1232
Merit: 1001
October 16, 2012, 08:26:57 AM
#3
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

Yes the small-time gpu miner ship probably sailed for good. I hope you have learned from this and inform yourself about something in the future before you run and spend money on it.

I want to get into the Bitcoin mining business. Any ideas?

You can still buy (prepurchase) a Asic. Although you might consider my statement above. You will probably just be better of buying BTC.
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
October 16, 2012, 08:13:49 AM
#2
there is no "business" mining bitcoins any longer, that ship has sailed, get a job
newbie
Activity: 10
Merit: 10
October 16, 2012, 08:09:22 AM
#1
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?
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