Post
Topic
Board Beginners & Help
Re: Mining vs BitVisitor - why bother mining?
by
Shawnna
on 24/03/2013, 21:46:03 UTC
I mine with 2 nVidia GPUs, I am in it for the long run - I expect "final" price at about 50 000 USD per BTC. So I don't care if I am not profitable right away, I can wait for it. Bitcoins are my pension fund :-) Btw I started mining in june 2011, till now I have 12,5 BTC

Thank you for reading and responding.  So you've been at this a little less than two years and you have 12.5 total BTC, right?  or did you mean 12,500 BTC?   Couldn't tell for given you wrote "12,5 BTC". 

At $50/share, 12.5 BTC is $625 USD.  I hope you're really, really young because funding your retirement this was will take a long, long time.

Unless I'm missing something?

He told he believes 1 BTC will be worth 50 000 USD in future. So, although now unprofitable he may mine like 20 BTC total which may be worth 1 000 000 USD someday  Wink


  Oh my ...... ok.  Thanks for the clarification.  Wow.....   I hope he's right too.   Wink