Post
Topic
Board Beginners & Help
Re: A few newbie questions
by
ZodiacDragon84
on 12/09/2011, 03:35:59 UTC
1. once they reach the X block where you only get 25 Btc per payout, it would seem improbable that you would make a profit.
2.If you had a stream or solar or wind turbines on your property, and properly maintained them, and they were paid off, then you would have no problems with your electric bill. However, bitcoin mining is not very nice to your computer hardware, and you would likely have to buy (a) new card(s) before you could pay them off.
3. CPU mining seems to be mostly irrelevant at this point, and everybody is mining with GPUs
4.indeed. or tradehill, or other sites, etc. etc.
5.why would you install it to a live CD? I would suggest a flash drive. I am not sure why one would generate a bunch of addresses though...
6.my prediction of the value is that it will level off after people stop using bitcoins as a trade commodity like gold or silver, and start treating it like real currency. we need more sites that offer products and services for bitcoin to stabilize it. we need people who mine with big mining rigs to hold the coins, instead of converting them to cash on an exchange. instead of trying to get rich quick, treat it like you are going to work, and instead of dollars, your working for bitcoin. once people treat it as an actual currency, then the price will stabilize. Just a news thoughts Cool