Author

Topic: Bitcoin mining - too good to be true? (Read 693 times)

legendary
Activity: 4542
Merit: 3393
Vile Vixen and Miss Bitcointalk 2021-2023
December 03, 2013, 09:50:45 PM
#3
If you think you can make an insane amount of money mining, you probably made a mistake estimating your overhead expense (mostly the cost of electricity).
newbie
Activity: 28
Merit: 0
December 03, 2013, 09:07:26 PM
#2
I personally don't think it's a pyramid scheme haha. They say the estimated last bitcoin to be mined will be in year 2140. How much longer we can make money depends on where the price of bitcoin goes and how much you have to risk in a miner. You have to stay ahead of the game when it comes to miners to "make money". Some would say to just invest in Bitcoin directly and others will invest in mining hardware, really comes down to personal choice. Just my 2 cents  Tongue
newbie
Activity: 7
Merit: 0
December 03, 2013, 08:50:49 PM
#1
The amount of money you can make through bitcoin is insane! And my mom says that it is too good to be true. She thinks we simply just the bottom of some pyramid scheme.

Bitcoin mining is getting bigger and bigger and I think there will be a limit to how far technology can go, so how much longer can we make money off mining??
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