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No, won't work now because ASICs are being released (Avalon has already released) that will make mining much harder for GPUs (and not really cost effective).

Ugh, sorry, necrothread

Thanks, I will check it out, but I'm usually pretty skeptical about these sorts of things...

Arbitraging worked at one point, but not any longer...

Start a bitcoin related business...like put up a gambling site. The price of bitcoins has gone up and there are tons of people with coin to burn....

Interested...have you filled spots yet?

Yeah, but if you think it will last for a while there is money to be made starting new sites and businesses that revolve around bitcoin. It does hurt, though, thinking that you could've been stocking up at $2/coin.

Looks like LTC on MTGOX is gonna happen in the next couple weeks or so. I guess the question now is the price already up so much that adding MTGOX won't help it much?

Not dead yet, but at this point you really have to keep on your toes because new people buying in are buying in at $100+

I think BTCs are going to be hard to keep going up..ltc might be where it's at, but it's also gone up a huge amount in just the last couple months.

At some point its going to have a massive, 90%+ crash and then if you're one of the people left holding the bag you're SOL

for a site you'd need to either have a better interface, better graphics, or have first mover advantage. There are a lot of bitcoin gambling sites now.

Wmoriarty can you PM me? I can't PM yet...thx

head over to bitcointalk forums to get more info, but i think right now it's more dangerous to put money in...

I'd be careful...I'm intrigued and wish i had bought litecoins when they were $0.01/ltc, but i think long-term there is only room for one widely used cryptocurrency and right now bitcoin has the upper hand.

I'd say it's a variation of a ponzi...more of a decentralized ponzi...if you got in first and cash out before it crashes you win.

check out bitcointalk forums...they have litecoin info there also and you can get help on a rig build

People have even automated it with trading bots, but lately the spread has not been large enough to justify the transfer costs. Also, you have lack of exposure risk while you transfer which a lot of people who are invested in bitcoins don't want to take...

I agree...need a section, regardless of what you think, just having all the discussion in one area would help.

I agree with others, check on bitcoin first....it takes a while to get funds into coins right now, but the ease of use and anonymity help.