Rampion - I hate to say it, but I am a bull. Maybe that is the wrong word though. I don't like labeling myself as anything, but I'm in this long term. Even if the price shot up, I want to remain a part of the biggest social experiment in the history of the world and not trade in and out of it.
That said, with my spending account I pre-ordered a Butterfly Labs Jalapeno today. I just thought in case the price drops I should spend my small reserve of coins, after all that is what they are for.
I know I may not even get the rig this year and when I do get it, it won't be able to mine anything but my point is to support the network in my own way. If it means just doing some of the transactions for .0001 BTC, then so be it. But in 15 years as my 5 BTC's are paying for my daughters college education I will also tell her I was helping a cause. And with some profit, as many of you will do, I will apply them to a greater good (outside my house!).
Hmmm, do I do the 7GH upgrade for $100 or hope that a firmware download is made available? Guess it won't matter come December/Jan or whenever it comes.
Rock on...
That said, with my spending account I pre-ordered a Butterfly Labs Jalapeno today. I just thought in case the price drops I should spend my small reserve of coins, after all that is what they are for.
I know I may not even get the rig this year and when I do get it, it won't be able to mine anything but my point is to support the network in my own way. If it means just doing some of the transactions for .0001 BTC, then so be it. But in 15 years as my 5 BTC's are paying for my daughters college education I will also tell her I was helping a cause. And with some profit, as many of you will do, I will apply them to a greater good (outside my house!).
Hmmm, do I do the 7GH upgrade for $100 or hope that a firmware download is made available? Guess it won't matter come December/Jan or whenever it comes.
Rock on...
Thats incredibly brave of you, personally I would have just held the BTC. I assume you read all the threads where they haven't delivered etc? It could be that by the time you get it the difficulty will be so high that you never break even with it
I TOTALLY don't expect to break even. Not even close. I am getting it as a tea warmer and novelty device (but mostly to do my small part for the network).
Actually, I get the feeling we are going to see some Miners come out that blows our socks off. Perhaps they will be Chinese clones or the like, but I think by end of this year, 100 GH units will be not as uncommon as you might think.
I sold my Commodore 64 a while ago and wish I still had it for memories sake. So, I won't make the same mistake twice. And who knows, I might not even ever use the Jalapeno. Just sell it on Ebay in 10 years (or whenever BTC hits $10,000 each) for a lot. ehehhe
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