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Showing 5 of 5 results by TriplD
Still looking for profit stories. Seems simple if there is truly profit available. Hashnest's cloud mining has a low barrier of entry at about $400 to get started and if one had some cash, why not purchase 10 of them...or 100 of them? $40K put into this with a return greater than 10% is worth it and then there's the excitement of BTC prices going up.
Where are you...profit people?
Where are you...profit people?
Perhaps I haven't read the right thread, but....is there anyone commenting about their actual experience having bought cloud mining from Hashnest and how it worked for them including profit? Anyone made any money with them?
Quote
Expect x10 to x30 in the next 12 month
My point is that this just doesn't seem to be a great investment. All the time people on this board are putting into mining questions and only some are actually mining, the time investment alone is prohibitive for me even considering getting in. Money is no object for me, but I can't buy the expensive rigs (Avalon and BFL) - certainly not going to give them my money with such a poor track record...there are better investments.
I'm not expecting GPU mining to be profitable for much longer
No kidding....
Grinandbearit - I've got about $2500 in this one, not counting the stainless sheet or any labor/machine time going into making it. I did all that on my own, so I consider that free. My time is worthless I guess haha
No kidding....
Grinandbearit - I've got about $2500 in this one, not counting the stainless sheet or any labor/machine time going into making it. I did all that on my own, so I consider that free. My time is worthless I guess haha
If you had put that $2500 into Bitcoins a couple weeks ago when it declined so much...your would have doubled your money by today's price. Then you just sit and wait for Bitcoins to hit $500 each...or more...if you firmly believe it will. Think of the babysitting you do with your rig...Bitcoins in a wallet require no commitment. 90% silver or 1/10th gold coins don't either. Perfect time to buy precious metals is now. Mining seems to be a humongous waste of time.
Do we all agree that this rig at 3Gh/s would net about 55 Bitcoins in a year at a 2% difficulty per month increase?...according to the calculator I used.
So, an approx. $2500 investment would bring back about $7500 in a year at $136 price of Bitcoin at the time of this post?
Is this how the math should work?
A true Newbie question.....
So, an approx. $2500 investment would bring back about $7500 in a year at $136 price of Bitcoin at the time of this post?
Is this how the math should work?
A true Newbie question.....