Quote from: evillittlegoat on March 10, 2014, 06:40:03 PM

Quote from: kalus on March 10, 2014, 04:14:20 PM

exact same principle: if you're mining middle, clever etc. then you're indirectly mining for btc. Are you selling those btc for fiat right way?

you can sell right away and get the value now in $/£/¥/, or you can invest for a longer period of time.

if you're investing in btc for long term value, ignore the short-term profitability.

But if you're investing in BTC long term it will soon be cheaper to buy BTC from an exchange than run a miner. Im a noob and wasnt mining last summer but surely when it reaches that point you have to pull the plug.

I've only been mining for ~6mo, lurking for a year or so, but the point- I've made more buying/selling hardware (gpus in particular) and buying/trading BTC during the crashes/peaks than mining.

Currently my Scrypt rigs mine ~3000/khs and only churn out .04-.015 BTC/day, but I've made a cpl grand in hardware sales.. Nice thing being, that money's been reinvested in BTC when it slouches.

Look at Bitcoin as a long term investment friend, don't bury yourself in debt attaining a few coins, but don't sell off when the road gets bumpy (unless you've got a few graphics cards you want me to take off your hands on the cheap!) Grin