Quote from: thresher on April 13, 2014, 04:35:51 AM

Quote from: smoothie on April 13, 2014, 03:31:52 AM

1. Buy asics

2. Mine with it

3. Cash out some

4. Sell asics

5. Buy more coins with proceeds

lol

You must be smart. I used proceeds to buy more equipment to try and stay ahead in the mining race...:-P !

Quote from: amspir on April 11, 2014, 11:01:04 PM

Quote from: Cranky4u on April 11, 2014, 04:43:56 AM

Quote from: serenitys on April 07, 2014, 12:05:31 AM

Just curious, are you able to sell power back to the electric grid? If so, is it more economical to mine with old equipment than to sell your power back to the grid?

In US, my friend's parents gets roughly half the rate the power company charges them (they do not produce surplus in winter.) Now that he bought his own place and is moving out in August, maybe I can sneak my way in and offer them the same deal or maybe even a flat fee depending on how much they actually give back

. Only problem is people think my mining rigs are some illegal hacking machine or that they are going to burn the house down. Sad

Good luck with that. The Bitcoin mining arm's race is a losing battle for 90%+ of miners.

Easier to just HODL and not have to worry about paying electric costs, rental space, and also maintenance/upkeep when an ASIC crashes or errors out. Grin