@LiteCoin Gold Trust

Thank you for your input. And no I don't want to make it my job but I just want to make sure that if I did start and invested over 1k I would want to be sure that I wouldn't go negative. It's not all about the money but I would like to make a little bit.

I use a laptop as a main computer And the desktop we have has a cheap $60 graphics card. It won't mine anything. I am just wondering what I am missing here. With the calculations I am doing with 72GH/s that would be 83k worth if bitcoins a year. I know it must be wrong. I just don't know if I should even start trying to mine if I won't make anything. Also if the block thing is going down to 25 instead of 50 wouldn't that make bitcoins worth more?

The block reward is dropping to 25 so that means you do the same work as regular that you would usually get 50 and now you will only get 25 for doing the same work?

Now I just saw a 72 GH/s for about $1200 I think it was. Now I used a calculator for Mhash/s to btc and $$ and unless I did something wrong like adding a extra 0 by mistake that would be making over $250 worth of bitcoins a day. I can easily profit off that in as little as a few weeks. I must be missing something here.

So I have a lot of questions and I hope that someone will be able to help me. I am wondering if it would be worth it to start mining now. I have never mined before and when I want to buy bitcoins I always have to do it a sketchy way. I am wondering what setup I should get. I have it to be about 3 Ghash/s (maybe more?) if possible.

I have looked it up before and it seems that people that are currently bitcoin mineing are steering away noobs from trying it. I am just wondering why? I know they mention electricity bills a lot like if you would even be profiting from mining after you pay the electric bill. But my solution was setting it up at my school. I am in computer networking and if I decide to do this my teacher would probably let me set it up in the back room or something. Now would this be a good idea or something I should not even consider.

Also once I am done using bitcoins I need and I want to sell them where am I supposed to do so? I know on ebay you can but its against there policy and there are a lot of scammers. I also hate Paypal so I would never accept Paypal as payment first off becaus I don't use it and second there are to many scammers. So I am just wondering what your guys opinion on this is and what should I do.