Topic: My first Bitcoin , what now ? - page 3. (Read 3512 times)

Quote from: mishax1 on March 04, 2015, 04:18:24 AM

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ? Shocked

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid. (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

So they do both Hardware mining (shipping the gears) and Cloud Mining ? sounds interessting . I may check Spondoolies because I never heard of it . are they Chinese ? Shocked

~ Madness

Spondoolies is an Israeli company.

Then definitly not going to use it , Yeah I have some hard feelings to that country .
I may try Antminer after calling my Electricity providers company and see how much it cost per kWatt then we see how thing goes and how profitable is it . ty

~ Madness

I am from Israel.. Roll Eyes

Madness

hero member

Activity: 644

Merit: 500

My goal is becaming a billionaire.

Quote from: Madness on March 04, 2015, 04:17:41 AM

Quote from: Madness on March 04, 2015, 04:17:41 AM

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ? Shocked

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid. (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

So they do both Hardware mining (shipping the gears) and Cloud Mining ? sounds interessting . I may check Spondoolies because I never heard of it . are they Chinese ? Shocked

~ Madness

Spondoolies is an Israeli company.

Then definitly not going to use it , Yeah I have some hard feelings to that country .
I may try Antminer after calling my Electricity providers company and see how much it cost per kWatt then we see how thing goes and how profitable is it . ty

~ Madness

mishax1

legendary

Activity: 2898

Merit: 1017

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ? Shocked

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid. (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

So they do both Hardware mining (shipping the gears) and Cloud Mining ? sounds interessting . I may check Spondoolies because I never heard of it . are they Chinese ? Shocked

~ Madness

Spondoolies is an Israeli company.

Madness

hero member

Activity: 644

Merit: 500

My goal is becaming a billionaire.

Quote from: inigthz on March 04, 2015, 04:14:28 AM

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ? Shocked

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid. (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

So they do both Hardware mining (shipping the gears) and Cloud Mining ? sounds interessting . I may check Spondoolies because I never heard of it . are they Chinese ? Shocked

~ Madness

mishax1

legendary

Activity: 2898

Merit: 1017

Just trade in btc-e.com. They don't ask your ID. And, for withdrawal.. just using perfect money and or another payment processor.

Don't do that either, lol Cheesy

Keep your bitcoins, and only invest in long term projects/altcoins..

Hamuki

legendary

Activity: 1022

Merit: 1000

Quote from: Madness on March 04, 2015, 04:15:55 AM

Quote from: Hamuki on March 04, 2015, 04:13:41 AM

Quote from: Madness on March 04, 2015, 04:08:51 AM

Quote from: Hamuki on March 04, 2015, 04:04:49 AM

What O_O

No girlfriend is allowed?

I am sorry for you when it comes to that.. I hope you are happy without one.

As of the BTC.. I would save it since the price is slowly rising and NEVER start gambling.
I havent done it with BTC, so I have never lost..

Or you could get into the altcoin world and see if you can find a new coin and throw some money into it.

Sometimes a new coin is worth less than 100 sat in the first few hours on the exchanges, and then they jump to over 1k sats.

Think of investing 1 BTC into that! xD

I'am a Muslim , even if there is some people who have I know that it's not allowed Wink

And yeah you couldn't know how happy I'am , I don't need a girl to feel good or to feel that I worth something or whatever Shocked

(Marriage is something , girl friends is another thing) .

So we don't get off topic ... Speaking about Gambling , I do not gamble either . mm Idk about Altcoins , some pre-mined altcoins are getting created daily and most of them seems like a scam , and it's just a way so people earn some fast buck . was thinking on joining the Darkcoin world but idk ... how good it is . and the differennce between "Darkcoin" and "Darkwallet" for Bitcoin .

~ Madness

Darkcoin does seem strong, but its not there you should go for profits.
I might be getting back into the game of altcoins since I used to make some good money on it.
Maybe you want to join me and go in small in the start to test the waters?

I don't know mate , not that interessted in Alternative coins to be honest Shocked

I may contact you if I change my mind
Thank for the offer tho .

~ Madness

No need to be interested in the long term. Its just as investments to make your pockets heavy with coins.
Aslong as it does not involve scamming ofc

Hamuki

legendary

Activity: 1022

Merit: 1000

Quote from: Hamuki on March 04, 2015, 04:13:41 AM

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ? Shocked

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid. (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

Do you want to buy a miner?

I have an S1 Antminer stuck in the US atm.
10$+ shipping and its yours!

Madness

hero member

Activity: 644

Merit: 500

My goal is becaming a billionaire.

Quote from: Madness on March 04, 2015, 04:08:51 AM

Quote from: Hamuki on March 04, 2015, 04:04:49 AM

What O_O

No girlfriend is allowed?

I am sorry for you when it comes to that.. I hope you are happy without one.

As of the BTC.. I would save it since the price is slowly rising and NEVER start gambling.
I havent done it with BTC, so I have never lost..

Or you could get into the altcoin world and see if you can find a new coin and throw some money into it.

Sometimes a new coin is worth less than 100 sat in the first few hours on the exchanges, and then they jump to over 1k sats.

Think of investing 1 BTC into that! xD

I'am a Muslim , even if there is some people who have I know that it's not allowed Wink

And yeah you couldn't know how happy I'am , I don't need a girl to feel good or to feel that I worth something or whatever Shocked

(Marriage is something , girl friends is another thing) .

So we don't get off topic ... Speaking about Gambling , I do not gamble either . mm Idk about Altcoins , some pre-mined altcoins are getting created daily and most of them seems like a scam , and it's just a way so people earn some fast buck . was thinking on joining the Darkcoin world but idk ... how good it is . and the differennce between "Darkcoin" and "Darkwallet" for Bitcoin .

~ Madness

Darkcoin does seem strong, but its not there you should go for profits.
I might be getting back into the game of altcoins since I used to make some good money on it.
Maybe you want to join me and go in small in the start to test the waters?

I don't know mate , not that interessted in Alternative coins to be honest Shocked

I may contact you if I change my mind
Thank for the offer tho .

~ Madness

inigthz

sr. member

Activity: 507

Merit: 250

Just trade in btc-e.com. They don't ask your ID. And, for withdrawal.. just using perfect money and or another payment processor.

mishax1

legendary

Activity: 2898

Merit: 1017