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pbj:
The people in Houston making money off bitcoin are the people selling rigs and mounting frames.  Our local news is giving them a lot of free advertising lately.

This ---steaming pile of meadow muffin--- is exactly like Amway and house flipping.... if there's so much easy money to be made why are you spending your time recruiting more people to do it...

Malenko:


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Phreakwars:

--- Quote from: pbj on February 14, 2018, 09:53:03 am ---The people in Houston making money off bitcoin are the people selling rigs and mounting frames.  Our local news is giving them a lot of free advertising lately.
--- End quote ---

By doing so, they are helping contribute to the profitability of mining go down and the level of difficulty go up. The more people you have doing it, the harder it becomes. I would guess hardly anybody mines for actual BTC bitcoin unless they have an expensive, dedicated ASIC like an S9 Antminer. I would never invest in one of those. At least with a video card, you can get some use out of it, or even resell it, with an ASIC you risk buying an expensive brick if the coin you are trying to mine becomes too difficult for even an ASIC to mine.
lilshawn:

--- Quote from: Phreakwars on February 14, 2018, 01:01:58 pm ---At least with a video card, you can get some use out of it, or even resell it

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You are not going to make much money back on video cards. Budget gamers are about all that would buy those clapped out cards. Actual gamers, who those cards are directed towards initially are wise to what those cards are put through and most likely wouldn't buy one unless it was a really super good deal... and maybe for a secondary card or computer.
pbj:

--- Quote from: Phreakwars on February 14, 2018, 01:01:58 pm ---By doing so, they are helping contribute to the profitability of mining go down and the level of difficulty go up. The more people you have doing it, the harder it becomes.

--- End quote ---

Yes, that was exactly my point.  Thanks.   ::)
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