Topic: OKAY, is this legit?! (Read 1702 times)
The catch is you lack common knowledge in the Bitcoin mining community. Do your research and stop asking people to feed it to you with a silver spoon.
The catch is, it is very risky. Sure, you'll make $40 a day now. But what about next month? What about the month after that? In the first quarter of 2014 the difficulty will be MUCH higher than it is now (since a lot of mining companies are shipping batches in Feb-March) and you will be making muchhh less than $40 a day. If you can order it RIGHT AWAY, and mine on it ASAP, you MIGHT make back your money you invested. But it's risky.
The problem is, the company "Butterflylabs" is terrible and treats their customers like shit. That being said, their website does say units are in stock and they ship immediately, so... it's up to you. Just be cautious.
The problem is, the company "Butterflylabs" is terrible and treats their customers like shit. That being said, their website does say units are in stock and they ship immediately, so... it's up to you. Just be cautious.
OKAY. With a Butterfly Labs 50GH/s miner, I can actually make about $40 a day, by just hooking it to my laptop, mining, and selling my BTC on Mt. Gox.
WTF IS THE CATCH!???
Simple, you are going to make about $40/day for some 10 days or so, then around $34/day for another 10 days or so, then like $29/day etc ...WTF IS THE CATCH!???
The sum of that income until the miner breaks down or earns less than your electricty bill probably wont exceed the cost for the miner.
Rising prices for BTC, fairly low difficulty increases, getting a miner really cheap or other factors might let you actually earn more than you spend, but that is far from certain.
the catch is that the chinese manufacturers get this machine for 1/10 of the price or less, and do you think they will not mine?
You can buy Gigahashes at Cex.io by the way. instantly delivered and equally overpriced.
You can buy Gigahashes at Cex.io by the way. instantly delivered and equally overpriced.
If you'r getting a similar hash speed product with some other company "in-stock and ready to deliver" Go ahead it'll make you cash.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
The catch is that by the time if you get said machine the difficulty will be so high that you will be lucky to ever see a roi.
You had to pay for it?
The catch is that by the time you get said machine the difficulty will be so high that you will be lucky to ever see a roi.
OKAY. With a Butterfly Labs 50GH/s miner, I can actually make about $40 a day, by just hooking it to my laptop, mining, and selling my BTC on Mt. Gox.
WTF IS THE CATCH!???
WTF IS THE CATCH!???
Jump to: