Author

Topic: Can I make a million mining or is my math wrong? (Read 7321 times)

newbie
Activity: 45
Merit: 0
Such a big (and silly) post to advertise a little shi***y link. LOL  Grin
DrG
legendary
Activity: 2086
Merit: 1035
You'll be able to mine 21,000,001 BTC with that thing!
legendary
Activity: 1078
Merit: 1003
If anyone got first waves, they're making fucking bucks.

But by the time you get your 30 rigs difficulty will be 23498908x higher, making your annual income 5k per.

Still, money you weren't making before Grin
legendary
Activity: 1310
Merit: 1000
If anyone got first waves, they're making fucking bucks.

But by the time you get your 30 rigs difficulty will be 23498908x higher, making your annual income 5k per.
full member
Activity: 190
Merit: 100
Your math is wrong.
Move along, no Millions to make here.

 Grin
legendary
Activity: 952
Merit: 1000
UPDATE-------------------------------

Ok, on further investigation the devices appear to be webimaginary devices that do not actually exist except in the minds of their creators. That would explain it.

Hey, everybody I got a 5,000 TERAHASH/s asic miner shipping very soon now (picture below). I am accepting orders right away, though. PM me to get the address to send your cash to. Cost is $15,000 per unit.

The Blinken 5,000 terahash asic miner:



Warning! This thing is a serious power hog.

Ahahaha! Sock puppet if I've ever seen one.
newbie
Activity: 13
Merit: 0
Well, seeing as how his avatar icon is of a Literal Troll, this is what one would expect him to post.
Why people listen to known trolls is beyond me, I block them

So how much would you make? Smiley
legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
Well, seeing as how his avatar icon is of a Literal Troll, this is what one would expect him to post.
Why people listen to known trolls is beyond me, I block them
full member
Activity: 219
Merit: 101
Wow, you seriously are an idiot.
sr. member
Activity: 338
Merit: 253
Hello, just naively prowling the web here and it seems like becoming a millionaire is a simple matter of mining a few bitcoins. However, my spidy sense says something must be wrong somewhere with my math. Maybe somebody here can straighten me out?

The bitcoin difficulty is currently 4,847,647 (16 March 2013)

Avalon-asics is advertising a "unit" costing $1500 that performs 65,000 Mega hashes per second.

Using a bitcoin mining calculator, such as TP's (http://tpbitcalc.appspot.com/) I find that 65,000 Mega hashes per second should result in an annual income of $114,747. So, assuming I buy 10 of these "units" I guess I should be making $1,147,470 a year.

There is another company Butterfly that seems to be offering a "unit" with TERABYTE hashes per second which would appear to make me a millionaire considerably faster.

What am I missing here?

UPDATE-------------------------------

Ok, on further investigation the devices appear to be webimaginary devices that do not actually exist except in the minds of their creators. That would explain it.

Hey, everybody I got a 5,000 TERAHASH/s asic miner shipping very soon now (picture below). I am accepting orders right away, though. PM me to get the address to send your cash to. Cost is $15,000 per unit.

The Blinken 5,000 terahash asic miner:



Warning! This thing is a serious power hog.
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