Quote from: wrenchmonkey on December 07, 2013, 10:28:42 PM

Quote from: smoothrunnings on December 06, 2013, 07:10:09 PM

I am not sure if these the correct forum to write this in?

I have noticed there is a huge gap that I call the bitcoin divide between the people who want to get into Bitcoin mining and the people who have been bitcoin mining for a long time that it makes it very difficult for people to jump in and get their feet wet, as well I finding there isn't a lot of good information out there to help new investors so they, like me, make silly and stupid mistakes along the way.

One of which is I sunk $15k of my own money into buying gear from local people where if I had known more about the possibilities and process to buying bitcoins at exchanges first I would have been far better off now. Right now I still see people selling Avalon ASIC B2/B3 four module miners on eBay and locally here (where I live) for 5 to $10k. Yet we all know buying them new cost 3.5B ($3500 or less) and that's shipped to your. Back when I got involved bitcoins were worth $143 and a anvy miner would costs me between $1800 and $2100 each. I believe that the resell market is driving away the potential and stability of bitcoin, people have to understand hardware is hardware it doesn't keep it's value it loses it over time.

There's PLENTY of information here on the forum. I've spent countless hours, on this forum and elsewhere, warning people about what a bad investment most mining hardware is right now, and how they'd be better off buying coins and holding them. But nobody listens. Buying coins is too boring for some people, and no matter how hard I (and countless others here) try and educate n00bs here, they just won't listen.

Don't blame a lack of info. Blame your own decision to ignore good advice.

Shit my bad, didn't notice that error. Was thinking about Avalon while typing this Embarrassed