The 1st rule of the mining club | Bitcointalksearch.org

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Quote from: taipo on June 25, 2014, 02:59:01 AM

1st RULE: do not preorder
2nd RULE: DO NOT PREORDER
3rd RULE: If you ignore these first two rules, DO NOT come whining about how you got fucked over

Maybe a fourth rule: Do not buy before research and don't buy off ebay.
Too many people spend 100% more than they would because its on ebay and easy for them to get, it's rediculous and will never make anything close to an ROI.

Now if you're resaling to make an roi: Sell on ebay.

Buying from a "person" instead of directly from the manufacturer is very risky for a number of reasons, getting convinced to overpay is one of them, but far from the biggest risk.

BTC_Fundamentals

member

Activity: 70

Merit: 10

definetly do not spend more that you are ready to loose.

Bitcoin Magazine

sr. member

Activity: 252

Merit: 250

no one talks about mining club Huh

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

First rule of Mining Club:

"Sleep is for pussies!"

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

The first rule of mining club is...."DON'T START! BUY AND HODL INSTEAD!!!" Cool

Best advice there is...

taipo

full member

Activity: 238

Merit: 100

Kia ora!

1st RULE: do not preorder
2nd RULE: DO NOT PREORDER
3rd RULE: If you ignore these first two rules, DO NOT come whining about how you got fucked over

Unacceptable

legendary

Activity: 2212

Merit: 1001

Don't foget ASICminer.Friedcat was one of first with a mining farm built on customers money.............

So that's about 4 VERY large entities (at least) with VERY large mining farms driving up the diff against customers Roll Eyes

Harley997

sr. member

Activity: 266

Merit: 250

I actually saw a website that offers cloud mining via preorder.

Besides the fact that the site is screaming "scam" this combines the issue of overpriced cloudmining with the uncertainty of cloudmining

jonsi

legendary

Activity: 1397

Merit: 1019

My first rule: Do not spend more than you are prepared to loose. After that comes the preorder, the price, the company and others.

bozo333

sr. member

Activity: 742

Merit: 255

CryptoTalk.Org - Get Paid for every Post!

+100 on the do not preorder...

Case in point... the SP30 coming out in fall with reported 6TH sounds great...

Now, who took a spreadsheet to see what that really means taking increased difficulty into consideration?

Well, I did... Best case scenario, those 6TH in Aug/Sept will only be equivalent to about 2-2.5TH with today's difficulty.

And thats IF you actually get into into your sweaty little hands at the promised time!

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: ?? on ??

Quote from: DebitMe on June 24, 2014, 01:17:01 PM

you forgot BlackArrow

I think it was more incompetancy than a data center, could you imagine how crummy that center would be lol.

HAHA, knowing what I do about the engineers at BA, it would probably be a tripped/fire hazard everywhere. But alas, it doesn't matter what it looks like as long as chips are hashing away, which I truly believe that they are.

solosequenosenada

hero member

Activity: 952

Merit: 542

Freedom dies from suicide

TOO LATE!! Angry

tarmi

legendary

Activity: 1218

Merit: 1010

yea, not to mention Yifu and the mega failed preorder of millions of paid avalon chips that "got stuck in the customs".

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

you forgot BlackArrow

TyrTheAlpha

member

Activity: 63

Merit: 10

1st rule:
Everyone pays to Mine!

tarmi

legendary

Activity: 1218

Merit: 1010

do not preorder

there are several reasons for that. the first one is obvious: you might not get your miner in time or if you are really unlucky, you might not get it at all.

the second reason is that money of your preorder is used for the development of big data centers that will compete with you. we have already seen this happening with Bitfury, KnC, BFL, aaaand Spondooliies tech...did I forget someone? Cheesy

how about you? what is the first rule for ya?

Topic: The 1st rule of the mining club (Read 1409 times)