1 GH/s in ASICs won't give you 1 BTC in your life time.
Truth.
Topic: (fixed) Please delete me (fixed) (Read 1084 times)
Truth.
That means they tank the Bitcoin market or the Price of BTC rises.. Supply and demand with, after all the BTC is an inelastic commodity...
No.The difficulty FOLLOWS the BTC/USD price, not the other way around. People don't start to buy BTC because they are suddenly a few % more secure or some chinese company sold some chips to a handful of miners. Miners fire up their rigs once it's profitable again to do so and keep on doing that until it's no longer profitable.
Supply could come from miners, but even if all BTC sold came only from them (which is by far not the case, as you can see if looking at volume numbers) with the next difficulty adjustment the proper rate would be reestablished. 1 GH/s in ASICs won't give you 1 BTC in your life time.
I fail to see how you lose money? shouldn't the ASIC pay back its initial investment in 1-2months? even if we were crazy and said a ASIC only earned .5 BTC a Day, after 120 days days Everyone has returned their initial investment?
Difficulty will rise in bitcoin to the extent that only the very first ASIC miners will be profitable. Everyone else is going to have a massive loss I predict.
So, I put down a order with both BFL and Avalon.
Did you? Order ID?Quote
I am just trying to figure out how I can spread the cost of buying more
How about not buying more things you cannot afford..Quote
I don't pay for power, and so far (after a year of mining) no one has complained about power use.
Okay, where are you hosting it? Your parent's house? Work? Hidden in a public library? Think about theft, damage, insurance.Quote
I think it would be reasonable to slice each machine in to 1ghz shares, and sell each share for 1 BTC (I will pay shipping and absorb any market fluctuation)
Please no more set hashpower shares.Quote
Your Shares would be good forever.
No, it will not. What if you get in a car accident? What if you get arrested?Quote
I would offer to buy them back at from you should you ever need to.
Right, and if you cannot afford the buy the ASICs how do you expect us to believe that you will buy them back with money you don't have?
Quote
I would appreciate feed back from anyone that has done this before. Or anyone that currently runs something like this wanted to consult IO would also not be apposed.
How about mining with your "2 ASICs" with your "free electricity" (Lemmie guess, free internet, insurance, maintenance too?)Seriously if people are going to be colossal dickbags like you, I see no reason to do this. Ill gladly mine with 4 ASIC whenever they get here.
Its because people will lose money which has happened 100% of the time with PMB's
So, I put down a order with both BFL and Avalon.
I am just trying to figure out how I can spread the cost of buying more, one of the ideas people gave me was to do the stocks/shares for them.
I plan to go full scale with 10 ASIC running 24/7
I don't pay for power, and so far (after a year of mining) no one has complained about power use.
I think it would be reasonable to slice each machine in to 1ghz shares, and sell each share for 1 BTC (I will pay shipping and absorb any market fluctuation)
I would pay out weekly (maybe daily if i could write something). Your Shares would be good forever.
I would offer to buy them back at from you should you ever need to.
I would appreciate feed back from anyone that has done this before. Or anyone that currently runs something like this wanted to consult IO would also not be apposed.
I am just trying to figure out how I can spread the cost of buying more, one of the ideas people gave me was to do the stocks/shares for them.
I plan to go full scale with 10 ASIC running 24/7
I don't pay for power, and so far (after a year of mining) no one has complained about power use.
I think it would be reasonable to slice each machine in to 1ghz shares, and sell each share for 1 BTC (I will pay shipping and absorb any market fluctuation)
I would pay out weekly (maybe daily if i could write something). Your Shares would be good forever.
I would offer to buy them back at from you should you ever need to.
I would appreciate feed back from anyone that has done this before. Or anyone that currently runs something like this wanted to consult IO would also not be apposed.
Oh boy, not PMBs again.
Evan baby, see here.
So, I put down a order with both BFL and Avalon.
Did you? Order ID?Quote
I am just trying to figure out how I can spread the cost of buying more
How about not buying more things you cannot afford..Quote
I don't pay for power, and so far (after a year of mining) no one has complained about power use.
Okay, where are you hosting it? Your parent's house? Work? Hidden in a public library? Think about theft, damage, insurance.Quote
I think it would be reasonable to slice each machine in to 1ghz shares, and sell each share for 1 BTC (I will pay shipping and absorb any market fluctuation)
Please no more set hashpower shares.Quote
Your Shares would be good forever.
No, it will not. What if you get in a car accident? What if you get arrested?Quote
I would offer to buy them back at from you should you ever need to.
Right, and if you cannot afford the buy the ASICs how do you expect us to believe that you will buy them back with money you don't have?
Quote
I would appreciate feed back from anyone that has done this before. Or anyone that currently runs something like this wanted to consult IO would also not be apposed.
How about mining with your "2 ASICs" with your "free electricity" (Lemmie guess, free internet, insurance, maintenance too?) 
You have been a member for two months, your signature says that you're poor... where do I send my Bitcoins?
People are dicks. I am keeping my ASIC's to myself.
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