Haha so true...

reminds me of the gold rush back in the 19th century
most dudes went rich selling tools and infrastructure, land for mining and most of the folks trying to get rich fast
went broke , scammed or dead

http://bitcoin.sipa.be/

Good question.

you're actually not buying there a machine than pre-order for that machine...

The funny thing is that people talk about it here, but 99% of people in this thread have no fucking idea how to mine them...

Funny how people like to show off, when they have no fucking idea how to do it.

With luck, running a powerful computer 24/7 for 1 month, you could make 20 bucks (and that is with luck)...

Now the question is, how much would you waste in electricity?..

Obviously not worth it. I wonder why a few users in this forum make so much BUZZ about bitcoins.

Wonder how long until hookers start accepting bitcoins...

http://25.media.tumblr.com/acd792b82...8pt4o1_400.gif

Exactly.

:2 cents:

You vass dere, Charlie?

LOL!

:winkwink:

OK, so why do you bother posting in Bitcoins theads?

:2 cents:

can someone reply to me with where this money comes from outside of investment. I cant find the energy to read about bit coin. if you crunch shit with this box, whos paying for you to do this and why. please response

the fact is i don't need to know how an internal combustion engine works to drive to the grocery store.

yeah acutally i was, watched 3 seasons of deadwood, the only guy making decent money was the guy running the hookers, the bar and he only was fucked by some guys
doing politics, the minners were only shown as dirty and ugly loosing idiots, scammed or dead like it says: deadwood

FYI people in 3rd world countries are mining bitcoins with gaming cards and their biggest expenditure is electricity that they do not pay because they have magnets installed on their electric meters BUT hacking phones by brute force seems to be more profitable again...

as more and more ASICS are being released into the wild ( yes, there are companies that DO deliver ) mining on GPU will become worthless

i'll refer once again to my kid/sandbox/shovel analogy...

:winkwink:

ding ding

Take a look at how quickly difficulty climbs (it will be 9,000,000 next week) and understand that bitcoins are distributed in groups called blocks and do not have a correlation to effort. No one can say definitively who will be awarded a block, so you cannot say "I will pay X for a mining rig and get Y return". "There are no guarantees you will win a block every N days."

What is certain is that difficulty climbs every 2016 blocks based on the time it took to find the previous 2016 blocks. So when all the suckers climb on, the difficulty will continue to fly up to near infinite. Put 15,000,000 in your calculator for a few months out, and see what your return that you might get if you are lucky is.

Do you like that? No guarantees. Inevitable reduction in return. It certainly is exciting, spending money and not knowing what you'll get. 3 months ago difficulty was 40% of what it is today, and 30% of what it will be next week.