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Why do i keep hearing "btc mined out of thin air" ? thus the price must go down
by
seriouscoin
on 22/03/2014, 03:03:28 UTC
Do the dumbfcks know how much it cost to mine btc?

If what they said is true, btc would never have any value and the price is 0 isnt it?

Here are some facts for those dumbfcks.

Buying a mining gear at current exchange rate, you will have very little chance to BREAK EVEN

Go check in mining section, price the current mining gear in BTC and calculate with conservative difficulty increasing rate and see for yourself.

If you're lucky and break even, your mining gear will use more in electricity than the cost of btc very soon after.

Remember all these didnt take into account the time and effort you have to spend to operate the mining operation.

What does this tell you? If you want to get some btc, the best way is to buy btc and spend your time doing something more profitable.

I'm just sick of the stupid "create btc out of thin air" argument.

Chao.