Post
Topic
Board Beginners & Help
Re: How much is "a lot" of bitcoin?
by
DrG
on 16/02/2013, 06:24:43 UTC
It's disheartening to get into bitcoin so late in the game. With ASICs coming out, it's completely unrealistic for anyone to try to get into mining.
Users with over 1k coins, and over 100k coins are the same users that got into the ASIC market when it was first announced.
It's turning out to be just like all other money in the world with the majority of it being controlled by the top few players.

Uh, the people with 100K plus coins have no use for ASICs.  Even if they dropped $100K USD they couldn't even mine 1k coins a month when difficult skyrockets.

There were a LOT of people who mined thousands of coins in the beginning when difficulty was low and mining was more of a concept than an economy.  Lot of these people destroyed their wallets when the formatted their drives or just removed Bitcoin from their machines.

Aren't people going to be jealous 5 years from now trying to make 5 Satoshi when you were mining 0.05 BTC a day on a 6950 or something.

The point of mining is not to make $ (that's a secondary goal), it's to strengthen Bitcoin.  You could have 21 million BTC but if nobody wants to use it as a currency it's worth less than a pile of dog poo. If you believe in Bitcoin buy some coins now and use it. Otherwise yes, you just missed another get rich quick scheme.