Re: [BitFunder] [TAT.VIRTUALMINE] Virtual Mining - Hash Without Hardware!
Not that I want to derail all this great discussion 
but alot of people are ignoring (or at least not talking about) a major factor. The whole point of TAT.VM was a way to simulate buying hashing power instead of buying the hardware itself....now I'm not trying to say that mining hardware is at a reasonable price right now, as I think it definitely will come down once more supply is available....but let's say for a moment that you wanted to start "mining" but you don't have enough money for a suitable machine. Just for the sake of an argument, lets say you decide that you want to try a USB miner.
Most USB miners are being sold for around 2BTC if not a little more. (as i said, i think this is too high)
For 330 shares of TAT.VM (the equivalent of a USB miner) i would have to pay 1.15BTC right now.
Not only is this cheaper, but the dividends would pay out the next day instead of waiting for shipping and setup. Not to mention dealing with internet downtime, power outtages, etc. And there is no overhead to keep TAT.VM shares.
Yes, you have to watch your investments if you are worried about losing value. No one is saying you should go and buy blindly. But to say that no one should ever buy any of these types of shares, and that they are overvalued pieces of crap is just dishonest, shortsighted, or ignorant.
With the line of thinking that some people have you should just never buy any mining hardware either unless you are "promised" to get a ROI in less than 2 weeks.
If you think something is overpriced, fine, that is a fair point to make. But to say there is no reason at all to own this type of asset is the same as saying you should never buy any mining hardware. Yes, it's a risk to buy into something, everything about bitcoin is risky. Decide if it's a risk for you or not, and if not don't buy it. But don't rage at everyone else that does know how to watch their money just because they can succeed while you are scared of failure.
but alot of people are ignoring (or at least not talking about) a major factor. The whole point of TAT.VM was a way to simulate buying hashing power instead of buying the hardware itself....now I'm not trying to say that mining hardware is at a reasonable price right now, as I think it definitely will come down once more supply is available....but let's say for a moment that you wanted to start "mining" but you don't have enough money for a suitable machine. Just for the sake of an argument, lets say you decide that you want to try a USB miner.Most USB miners are being sold for around 2BTC if not a little more. (as i said, i think this is too high)
For 330 shares of TAT.VM (the equivalent of a USB miner) i would have to pay 1.15BTC right now.
Not only is this cheaper, but the dividends would pay out the next day instead of waiting for shipping and setup. Not to mention dealing with internet downtime, power outtages, etc. And there is no overhead to keep TAT.VM shares.
Yes, you have to watch your investments if you are worried about losing value. No one is saying you should go and buy blindly. But to say that no one should ever buy any of these types of shares, and that they are overvalued pieces of crap is just dishonest, shortsighted, or ignorant.
With the line of thinking that some people have you should just never buy any mining hardware either unless you are "promised" to get a ROI in less than 2 weeks.
If you think something is overpriced, fine, that is a fair point to make. But to say there is no reason at all to own this type of asset is the same as saying you should never buy any mining hardware. Yes, it's a risk to buy into something, everything about bitcoin is risky. Decide if it's a risk for you or not, and if not don't buy it. But don't rage at everyone else that does know how to watch their money just because they can succeed while you are scared of failure.