I have 1 btc. I buy some ghs on the exchange for say .07btc per ghs. i mine with it for a few days I make some more btc with it. Then sell my position in the exchange because the price of ghs went up to .075.
Its like getting dividends. Also you can trade on the exchange 24 hours a day.
Its not as simple as buy cloudmining from bfl that doesnt even start yet.. it starts right away.
Mind you, it isnt perfect, but you dont have to wait on a preorder set it up wait for shipping pay for electricity, keep your cat off your miner.. etc. it just works.
so that piece of mind is worth a premium alone, but you also get to make profits trading too should you be so inclined.
i lost about 20% there and pulled out. theres serious price manipulation going on. but if youre paying attention you can profit from it too.
Yep, bought around 50ghs, mined with it for couple of weeks before selling everything and still getting a profit alone by just selling my ghs. It was around 0.067 and now its reaching 0.73
Post
Topic
BoardCurrency exchange
Re: Have 0.6 BTC - Selling
by
restart32
on 05/12/2013, 07:28:39 UTC
Can you put it on local bitcoin? Ill pay the advertisement fee.
Post
Topic
BoardCurrency exchange
Re: [EXCHANGE] Buying Bitcoins with Paypal Reputable & Safe from ฿0.01-50.00+
Re: What New hardware should i get to start with that is available now?
by
restart32
on 30/11/2013, 23:32:37 UTC
They are all worthless, mining and cloud mining if you don't know what you are doing.
Post
Topic
BoardBeginners & Help
Re: Easy to solo mine coins for fun/experiment?
by
restart32
on 30/11/2013, 20:15:55 UTC
Elephant coins?
Post
Topic
BoardBeginners & Help
Re: Need advice on mining
by
restart32
on 30/11/2013, 20:09:17 UTC
Yep, all the ASIC providers like butterfly are very inconsistent with their promised orders. If I were you I would invest that money in cloud mining so you get to use it like right now.