Quote from: megastacks on November 28, 2013, 05:22:52 AM

Quote from: odolvlobo on November 28, 2013, 05:05:09 AM

I think the way you are going about this is going to end up costing you money. Are you really going to invest your money based on what random people on the internet tell you? Investors that just throw money at something they know nothing about generally lose that money. Just look at all the newbies that spent thousands of dollars on mining equipment only to discover that they will never make a profit.

Learn about the industry first, then think about what to invest in.

Quote from: megastacks on November 28, 2013, 04:26:44 AM

Also I am wondering about the mining is dead statement.. Is it really dead? Isn't mining critical to the bitcoin universe since it is how transactions are processed and new coins are made? There must still be profit there to keep people interested?

This is what I'm talking about. You are ready to throw money at bitcoin mining without even knowing if you will ever even get it back. Then you go and listen to some yahoo that says "mining is dead". You don't understand what he means and I suspect he doesn't either. Mining is not dead. There is more computing power devoted to mining bitcoins than anything else on this planet. It is certainly not dead. Can you make money mining? Probably not, especially because you don't know anything about it.

Thanks for the response. I questioned that statement because it did not
make sense to me

So if it is not dead then it is possible to still make money with it. I am trying to find the best way to do that. That is why I am asking here before throwing my money into it. I am on here trying to learn more and see if it is something I want to do. You make it sound like I am a fool giving money away.

I say the statement that mining is dead is because (with the money that I have) there is no way I can get a mining rig that will give me ROI. That means that I will lose money so it is technically "dead"