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Topic: Pre-Internet Dinosaur Geek - page 2. (Read 1161 times)

legendary
Activity: 4522
Merit: 3426
November 30, 2013, 05:50:42 PM
#2
It is much smarter to look at mining equipment prices in BTC rather than $ because when you buy the equipment, you are really buying the bitcoins that it mines. Whether you buy equipment to mine bitcoins or you buy the bitcoins directly, you end up with bitcoins.

In your case, a BE Blade at 10 GH/s is going to mine at most 0.5 BTC, but $900 is about 0.75 BTC, so you would lose at least 0.25 BTC.
newbie
Activity: 58
Merit: 0
November 30, 2013, 04:55:54 PM
#1
Hello,

Just wanted to start off here with an introduction.  Been dabbling in electronics since the 70's, started with computers in high school back in the early 80's with the Commodore PET.  Started my first BBS in 1989 running C-Net 64 DS2 BBS and later took over support and distribution of the software.  I also developed the CommNet Standard that networked other C-Net, Image, C*Base and Color 64/128 BBS's together into the largest Commodore BBS Network in history.

Got involved with CuSeeMe reflectors in the early 90's.  I actually connected to my ISP with my Commodore 64 to run the reflector, then connected to the reflector with my PC to do video chat.  Those were fun times.

In the late 90's and early 2000's I developed backend applications interfacing web sites with payment systems like CCBill, PayPal and a number of others.  This century I've been contributing to phpBB, Wordpress, Apache Lounge and a few other projects.

I currently own a computer, network and web sales and service company that custom builds quality computers, network and web solutions for our local community.  I got into the BitCoin world way too late, but I'm still willing to give it a go.  One of my old BBS buddies told me about his experience back in March and in June I read an article in one of the techie mags about the Butterfly Labs devices.  In July my son ordered a Jalapeno and bought me a couple Block Erupters.  I invested $40 for four additional Block Erupters and have reinvested all BTC made from then on back into more. 

I now have 11 Block Erupters and a 10 port Saitechi USB Hub.  Was hoping to build up to at least 5GH/s with the Block Erupters before upgrading to the Jalapeno or the Block Erupter Blade but it looks like the USB devices are either not available or way too pricey now.  I was four days away from getting a Blade $216 before the prices went through the roof.  At this point I guess I'll just wait on the Red Furies to come in before I buy anything else.  No way am I spending $100 for a BES or $900 for a Blade.  I'll just keep building up the BTC until something reasonable comes around.

Happy Hashing!!
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