Quote from: Newfeeling on April 18, 2014, 01:15:52 AM

Quote from: JayJuanGee on April 18, 2014, 01:08:30 AM

Quote from: shmadz on April 17, 2014, 11:59:36 PM

Quote from: Adrian-x on April 17, 2014, 11:51:58 PM

Quote from: shmadz on April 17, 2014, 11:47:07 PM

Thanks dude. I always adhere strictly to the first rule, but it does bear repeating Wink

I read the word "borrowed" to invest in bitcoin which i don't yet have enough confidence to do.

yes, I understand completely, and it's not something I would recommend to anyone.

I think it was Christmas of 2011 when I first borrowed against the unsecured line of credit my bank gave me to buy some 7970's. I've since become addicted to having that access to instant liquidity, and just like my other addictions like beer and cigarettes, I simply write that money off to the cost of my own stupidity.

7970 is a kind of mining rig, correct? If so, did it pay for itself, and for how long were you able to use it? Did you have to retire it? Were you able to sell it to recoup some money, too?

It's a kind of graphics card that's used in a rig. I can't speak for mining profitability of bitcoin during that timeframe, but if he mined and held litecoins with his 7970's he would have made a killing.

Thanks... Yes, the devil is in the details.. it is not the size of the boat, its the motion of the ocean.. or whatever other factors concerning how the 7970s were used and then whether the proceeds were spent right away or saved.... Shmadz does NOT strike me as the saving type, but possibly he is?