Quote from: brian_23452 on July 08, 2014, 09:31:29 PM

Quote from: iglasses on July 08, 2014, 09:27:55 PM

Quote from: brian_23452 on July 08, 2014, 08:19:30 PM

Quote from: iglasses on July 08, 2014, 08:02:49 PM

Quote from: brian_23452 on July 08, 2014, 07:26:58 PM

Quote from: iglasses on July 08, 2014, 06:19:24 PM

What if the coin goes DOWN?

Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.

Purchase miner for 0.75BTC. Mine 0.375BTC. BTC goes down to say $100. You have 0.375BTC worth $37.50.
Don't purchase miner, keep the .75BTC. BTC goes down to say $100. You have 0.75BTC worth $75.00.

No matter what happens with the exchange rate of BTC or whether it goes up or down, 0.75BTC is always more than 0.375.
At this point I simply refuse to believe that anyone can be this obtuse or ignorant. You must be trolling.

I thin it's YOU who is trolling...

BTC @ $600(USD) I Buy 1 coin
BTC @ $600(USD) I buy mining equipment for 1 coin

BTC @ $550(USD) My one coin is worth $550
BTC @ $550(USD) My mined amount can go OVER $550 because I can mine 1+BTC with it.

Are you so obtuse or ignorant that you cannot understand something this simple?

The post I quoted was specifically talking about a scenario where you pay 0.75BTC for a miner, having it mine 0.375BTC, and somehow that is still a profit. So basically, not only can you not do math, you can't read either.
No wonder people think miners are stupid, they have to deal with ignorance like this all the time.

LOL...I'm afraid you are confusing me with ummm....YOU. There is nothing wrong my any of my math. If you can't understand it I suggest you find a tutor. Maybe they can help with your anger management as well.

The very nature of this thread is antagonistic. What I am addressing is the inaccuracy of the fundamental thought being portrayed here, that profiting from the purchase of an S3 is "impossible". It is NOT impossible. I have simply tried to show the flaws, where I see them, in some of the things people, yourself included, have posted in the thread.
If you would like to take some specific piece of information and warp it until it fits your belief that's fine with me but please do not include hard math in your emotional outbursts. It is shining a light on you that is very unflattering.

Learn to read. That is all.

No it isn't. I can read quite well thank you. Perhaps one day you will join us, but I fear not.
Instead of trying (badly at that) to insult me, why don't you point out for me a single thing that I've said that is incorrect.

That is all.