Quote from: krampus on January 17, 2014, 06:09:33 AM

Quote from: aeddan1 on January 17, 2014, 05:38:03 AM

Quote from: U1TRA_L0RD on January 17, 2014, 05:15:29 AM

Too bad all bitcoin mining will be dead this year, Mining will be only for the millionaires.

I'm mining forever. Tongue

Regardless of profit.

In a twisted kind of way, mining at a level that is less than or equal to the cost of electricity is essentially using the electric company to convert fiat into Bitcoin. You get untraceable Bitcoin for fiat, which is definitely not a bad thing.*

*for various definitions of "bad".

And, it's not like most people don't pay good money for their hobbies even if the above wasn't the case. On one hand, it's over $100 for 2 tix, parking and food/drink to go down to Comerica's Park for a Tigers' game. For a similar amount, one could have 6-12 months worth of mining at that cost depending on one's hashing.