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Board Beginners & Help
Re: Building a rig?
by
BringBTC
on 22/04/2013, 18:47:33 UTC
Quote from: raubaut on April 22, 2013, 06:45:45 PM
Quote
2. Why are BFL not just sitting on their ASICs and mining just by themselves and become millionares?

The boiler-plate response to this is that the people who got richest during the gold rush were the ones selling shovels.

Consider an analogous question: why didn't Satoshi just mine every last Bitcoin for himself?

Where can I read about that? I can not believe that's true.
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Topic
Board Beginners & Help
Re: Building a rig?
by
BringBTC
on 22/04/2013, 18:46:28 UTC
Quote from: tysat on April 22, 2013, 06:45:25 PM
Building a GPU rig for mining bitcoin is a waste of money now.  You will want to make sure you have card(s) that can mine alt cryptos as well.

Bitcoin difficulty is going to jump a lot in the near future.

Yea... What is alt cryptos? Alternative cryptographies? Means what?
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Board Beginners & Help
Topic OP
Building a rig?
by
BringBTC
on 22/04/2013, 18:39:58 UTC
I have plans on building a mining rig. I will try to get all the components second hand in order to get them for a decent price.

I have some questions tho:

1. Can the CPU or mobo bottleneck the hashrate of the GPU?

2. Why are BFL not just sitting on their ASICs and mining just by themselves and become millionares?

3. What is gonna happen with BTC in the next year? ASIC will probably be released soon (how soon?) and then the value of BTC will drop (time to buy BTC?) and normal GPU miners will have to stop mining because the difficulty will be too high compared to the electrical billing. When ASICs are released, the rich people will buy farms of ASICs and own the whole BTC mining market and ear shitloads of money?

Damn!