Topic: Fascinating miner article (Read 725 times)
Cool!
Yea, I thought it sounded a little off, but thought you guys still might like to see it.
You think he was boasting, or do you think he's really made $100K?
You think he was boasting, or do you think he's really made $100K?
I didnt read the article, but if the "BS" meter is going off becuase people don't believe he's made that much money, then I'd say you guys are wrong. I personally made $11,000 on the DOGE coin "thing" a few weeks ago, in one week. If he's mining alt coins, there are plenty of pump and dumps that are kicking out thousands and thousands of dollars on a cyclical basis. Its not BS. And with a rig that big, you can bet he's making the most on each pump and dump possible. Which means if I made $11,000 ... then he easily made $20,000. On just that one coin.
If he's referring to Bitcoin only, maybe he's including the increase in value per coin.
If he's referring to Litecoin - i know people that bought / mined 3500 of them when it was at $2.70 last summer who easily made $140,00 when it hit $52 ....
So depending what you guys are calling BS ... it may not be.
-BB-
Yea, I thought it sounded a little off, but thought you guys still might like to see it.
You think he was boasting, or do you think he's really made $100K?
You think he was boasting, or do you think he's really made $100K?
Quote
Processing chips calculate faster when they’re hot
I think whoever wrote the article has no idea what they're talking about.
Yes I agree. It's laughable.
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Processing chips calculate faster when they’re hot
I suppose this confirm the incompetency of today's journalists 
a 1000w heater cost 20 USD and can heat a full room ... a bitcoin miner (10GH/s) ? it generate 40w and cost 460 USD. 
What do you guys think?
Heating his home for free, plus that kind of income for $400 a month in electricity costs?
Not bad..if true.
Of course, Oakland is nothing like the great white north where I'm at, but still....
http://www.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up
Heating his home for free, plus that kind of income for $400 a month in electricity costs?
Not bad..if true.
Of course, Oakland is nothing like the great white north where I'm at, but still....
http://www.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up
Been done before by many of those in this community.
However some of us would have more then just $400 power bill
Quote
Processing chips calculate faster when they’re hot
I think whoever wrote the article has no idea what they're talking about.
What do you guys think?
Heating his home for free, plus that kind of income for $400 a month in electricity costs?
Not bad..if true.
Of course, Oakland is nothing like the great white north where I'm at, but still....
http://www.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up
Heating his home for free, plus that kind of income for $400 a month in electricity costs?
Not bad..if true.
Of course, Oakland is nothing like the great white north where I'm at, but still....
http://www.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up
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