Post
Topic
Board Beginners & Help
Re: I am new,looking to start mining.
by
minerpumpkin
on 02/09/2014, 20:50:07 UTC
whats with everyone wanting to mine? just buy it and hold onto it, and you`ll be in more profit then the miners.

A lot of people who are new to Bitcoin are attracted by the fact that you can create wealth by letting your computer perform arithmetic calculations. It's interesting, effectively money for nothing. They also don't get that the difficulty increases exponentially and therefore assume they'll get thousands of USD every month and will be millionaires in a few years time.