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Showing 7 of 7 results by PhilJon
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Board Beginners & Help
Re: Hello All Bitcoin'ers
by
PhilJon
on 12/07/2013, 17:53:10 UTC
Quote from: truelitecoin on July 10, 2013, 10:59:31 PM
Quote from: PhilJon on July 10, 2013, 09:19:43 PM
Quote from: truelitecoin on July 04, 2013, 06:23:42 AM
For mining Bitcoins I would recommend ASIC hardware. You return for investment will be a minimum of one year and will take longer as the difficulty increases.

What about going with a Avalon chipset? What I have been reading is that ASIC would take much longer. I was debating getting a BFL, but haven't read many good things about them on the forum.

If you're getting the Avalon chipset you'll also need to build or purchase a board to go with it. Not recommended unless you know what you are doing.

Thanks for the heads up @truelitecoin on that... actually something I am not 100% confident doing. Have you found any luck with purchasing a rig?
Post
Topic
Board Beginners & Help
Re: Hello, I'm new here...
by
PhilJon
on 12/07/2013, 17:35:46 UTC
I agree with @PenS... it would be nice if someone came up with a ROI calculator though. Would make it pretty easy to see how long it "should" take to recoup your investment.
Post
Topic
Board Beginners & Help
Re: Hello to all my new BTC friends!
by
PhilJon
on 12/07/2013, 17:28:41 UTC
Hello and welcome... I am also pretty new to the forum but extremely excited about the community and what it has to offer.

I have also ordered from BFL, but from what I can tell they "eventually" do ship. But I personally haven't received mine, but ordered early May.

Good luck and again welcome!
Post
Topic
Board Beginners & Help
Re: Hello All Bitcoin'ers
by
PhilJon
on 10/07/2013, 21:21:19 UTC
Quote from: tacoman71 on July 03, 2013, 09:09:28 PM
What's your max budget on hardware? PM me if you need any help for setting up your miners once you get it.

I have actually been purchasing more as the price seems to be dropping continuously... I wouldn't mind spending around $7-10k USD. As long as the ROI is there and hopefully under 6/mo's
Post
Topic
Board Beginners & Help
Re: Hello All Bitcoin'ers
by
PhilJon
on 10/07/2013, 21:19:43 UTC
Quote from: truelitecoin on July 04, 2013, 06:23:42 AM
For mining Bitcoins I would recommend ASIC hardware. You return for investment will be a minimum of one year and will take longer as the difficulty increases.

What about going with a Avalon chipset? What I have been reading is that ASIC would take much longer. I was debating getting a BFL, but haven't read many good things about them on the forum.
Post
Topic
Board Scam Accusations
Re: Butterflylabs Huge SCAM
by
PhilJon
on 10/07/2013, 21:18:01 UTC
Quote from: QuestionAuthority on July 06, 2013, 06:36:30 AM
Don't worry. Bitcoin is going down in price now. BFL will start shipping as soon as the price is low enough that mining with customer hardware is no longer worth it.

They can't risk the hardware breaking while they are mining on it unless the price of Bitcoin stays high. They want it to last at least one day in customer hands. If it breaks after one day they can say it was working but you abused it. But if they ship it broken then they lose that excuse.

tl;dr
Yipeeeee you will be receiving your hardware soon!

I am curious as I haven't purchase to date... whom if anyone would you recommend for purchasing hardware? Or would you just suggest continuing to buy Bitcoin's through a broker as the prices just seem to keep falling?
Post
Topic
Board Beginners & Help
Topic OP
Hello All Bitcoin'ers
by
PhilJon
on 03/07/2013, 18:07:30 UTC
Hello to all... I really wanted to introduce myself as I am new to the forum. I have been following Bitcoin's for a while and now looking to start using my own equipment to start mining Bitcoin's, any helps in that direction or posts that you would suggest I read I would greatly appreciate it.

Thanks!