Author

Topic: You Can Now Buy Bitcoin Mining Hardware From Walmart, TigerDirect (Read 1180 times)

sr. member
Activity: 476
Merit: 250
Selling obsolete equipment for inflated prices from a crooked company? ha ha?

Seems to be the thing these days I guess.
legendary
Activity: 2212
Merit: 1038
Selling obsolete equipment for inflated prices from a crooked company? ha ha?
sr. member
Activity: 476
Merit: 250
Looks like you're actually buying from tiger direct, if you order through this route. I don't think it's really Walmart that you are buying from. I don't mine but I guess it's still decently good news...

It's not Walmart.

The OP is full of......................................

...........well...........................................

......you know.
sr. member
Activity: 952
Merit: 281
There are going to be a lot of disappointed early adopters when they cannot mine anything
hero member
Activity: 644
Merit: 500
You're better off buying BTC.

I sort of agree. I'd only buy it to resell it for a higher price locally.  Wink

Anyway, buying Bitcoin could return a profit now that difficulty has gone up a bit. If this was in 2011, or when ASICs first came out, that would return the profit in a day or so. Might take a month to re-earn your investment now.
eid
hero member
Activity: 616
Merit: 500
haha, 10ghash for $300

butterflylabs sets a fine suggested retail price

that gizmodo article is wrong, you wouldn't break even ever (unless you found some bigger sucker to buy it used for around same price).  30 years?  pfft


Sadly there are always going to be new people that don't understand the math and get hooked by this stuff. When I first got into BTC I paid 50 bucks for a single GHS voucher on Amazon. It was a good lesson about doing your homework before jumping in.  

It doesn't help when this forum carries advertisements proclaiming that "there has never been a better time to invest in mining".


Shameful.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
You're better off buying BTC.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
Looks like you're actually buying from tiger direct, if you order through this route. I don't think it's really Walmart that you are buying from. I don't mine but I guess it's still decently good news...
member
Activity: 75
Merit: 10
Well at least its another step into the mainstream for Bitcoin I guess.
hero member
Activity: 644
Merit: 500
Guessing you can't buy them with Bitcoin? Don't know which is better though. Buying with Bitcoin or Fiat. Fiat is just paper, and rarely increases. But that money in Bitcoin would be a huge lost.
newbie
Activity: 20
Merit: 0
haha, 10ghash for $300

butterflylabs sets a fine suggested retail price

that gizmodo article is wrong, you wouldn't break even ever (unless you found some bigger sucker to buy it used for around same price).  30 years?  pfft


Correct, you never break even, unless the bitcoin price goes up, and then you would have been better off spending the money to just buy bitcoins directly.
sr. member
Activity: 476
Merit: 250

Uh, do you live on Planet Earth?

"If you want to buy Bitcoin hardware through Walmart, your options are limited. That is to say, you can buy a 10GH/s Butterfly Labs miner (on sale!) for $300. Sweet deal right? Not so much. With the difficultly of mining Bitcoin increasing exponentially—by design—miner machines have to increase in power to keep up. 10GH/s, at this stage in the game, is nothing. So if you see fit to invest in this little sucker, you can expect to break even in around 30 years, given the current exchange rate and the average cost of electricity.

It's basically a little black hole for your money."
sr. member
Activity: 406
Merit: 250
haha, 10ghash for $300

butterflylabs sets a fine suggested retail price

that gizmodo article is wrong, you wouldn't break even ever (unless you found some bigger sucker to buy it used for around same price).  30 years?  pfft


Sadly there are always going to be new people that don't understand the math and get hooked by this stuff. When I first got into BTC I paid 50 bucks for a single GHS voucher on Amazon. It was a good lesson about doing your homework before jumping in.   
zvs
legendary
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
haha, 10ghash for $300

butterflylabs sets a fine suggested retail price

that gizmodo article is wrong, you wouldn't break even ever (unless you found some bigger sucker to buy it used for around same price).  30 years?  pfft
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