bitcoin's going up
- Thread starter abyssal_miss
- Start date
I bought in at $16 in Jan, sold at $72 this week. Not bad profit for doing nothing.
I've earned some bitcoin in exchange for work. The bitcoin economy is ripe for development and businesses right now. Lots of opportunities for decent sites and/or services.
I've earned some bitcoin in exchange for work. The bitcoin economy is ripe for development and businesses right now. Lots of opportunities for decent sites and/or services.
ShadeDream
BANNED
- Nov 27, 2008
- 2,296
- 5,536
Damn the BTC market is currently worth $0.75BILLION
Elitepinki
Power Member
- Dec 3, 2009
- 562
- 66
how you getting 4.5gh/s ? since the update even i only get 27mh/s down from 600mh/s with a gtx 590
B
Banned member 185991
Guest
I looked at the bitcoin site, it said the best GPU were capable of 350m hash/s
how are these little devices even doing it? thats some serious processing power.
They also claim it takes 4.5w of energy...
Just how? I have an electrical engineering background. I do not even know how they would start to build something with that stat.
how are these little devices even doing it? thats some serious processing power.
They also claim it takes 4.5w of energy...
Just how? I have an electrical engineering background. I do not even know how they would start to build something with that stat.
- Jun 30, 2007
- 1,725
- 2,023
I think that Infos a little outdated, there are some that can supposedly do 800mh/s, but that might be multiple GPUs hooked up.
As to your question, ASIC chips are in a whole other league, they're literally chips dedicated to nothing but mining. If they become unprofitable to run they're useless, unlike GPUs.
It may be hard to believe, but Avalon has proved it is possible, but in all fairness they use 650w to do 60-70gh/s, still absolutely ridiculous.
I wish I could go deeper into it, but if you do some searching around they have info on why ASIC miners work so well.
abyssal_miss
Power Member
- Jun 18, 2011
- 621
- 140
butterfly labs :
Processing Power: 60 GH/s (+/- 10% running variance)
Power Consumption: Approximately 60 Watts
Included accessories: USB Cable and Power Cord
Processing Power: 60 GH/s (+/- 10% running variance)
Power Consumption: Approximately 60 Watts
Included accessories: USB Cable and Power Cord
don't mine. Buy stock in miners. I have stock in this company: https://bitfunder.com/asset/G.ASICMINER-PT
They make the chips and mine with them. They pay weekly dividends, currently about 1.5% a week (was 3% a week, until they paid back the IPO). I bought at .5 btc. They are currently trading at .82 or so, about 6 weeks later.
More info: https://bitcointalk.org/index.php?topic=99497.0
They make the chips and mine with them. They pay weekly dividends, currently about 1.5% a week (was 3% a week, until they paid back the IPO). I bought at .5 btc. They are currently trading at .82 or so, about 6 weeks later.
More info: https://bitcointalk.org/index.php?topic=99497.0
DFernandezCDS
Junior Member
- Jul 21, 2011
- 111
- 4
Thanks for the info. Def going to invest.
abyssal_miss
Power Member
- Jun 18, 2011
- 621
- 140
Wait until it low's again.
yesterday the btc dropped to $52 low, people bought like crazy and it went back up to $70+
Some guy sold his house for like 400k+ and invested it into bitcoin, lol.
yesterday the btc dropped to $52 low, people bought like crazy and it went back up to $70+
Some guy sold his house for like 400k+ and invested it into bitcoin, lol.
zebrahat
Elite Member
- Aug 6, 2008
- 2,514
- 3,037
Wow. But if BTC climbs to $10,000 or higher in a few years as has been projected, if he invested $350,000 and bought at $70 per bitcoin, he'll be able to cash out at $3,500,000,000.
Last edited:
psychodelic2
Junior Member
- Sep 29, 2011
- 157
- 87
hmm since its anonymowebs u simply cant trust the so called economy, its afterall ILLEGAL.. wont be long before the laws are made in every country and they will declare that whoever sells bitscoins will be arrested.. then what will you do? afterall the only way bitcoins function is when u take real cash or real money and transfer it to somebody who has bitcoins who is willing to accept your cash, he still has to pay taxes and he definately cant do a whole lot with BLACK MONEY .. after a while, he wil be caught and all your bitcoin "suppliers" will have to stop or get behind bars after a certain size..its just a matter of time.. so yea at that point it might become $10,000 .. but who will risk that "transfer" ..?
unlikely. arrest everyone with bitcoins? really? are you kidding?
bitcoin is not illegal. and while the govt might some day step in to try and regulate it, by then, it will be far too late (it might be, already). Peer to Peer networks are hard to control. By the time the govt can actually pass a law to address bitcoin, the network will be too big and resilient to damage.
and by the way, they've been trying that approach with a lots of things... like drugs. Drug use is its highest it has ever been.
acedouble7
Regular Member
- Dec 24, 2012
- 266
- 16
what goes up will come down ;p