Quote from: wlwesq on July 05, 2013, 01:27:36 AM

Quote from: Bigcheezit210 on July 04, 2013, 08:12:07 PM

Too late for mining it's barely profitable at this point, unless you mine alt-coins. (snip)

Just a couple random thoughts. If it's too late for mining, there are an awful lot of people out there scrambling after the Butterfly Labs and ASIC Miner USB devices. Many people seem to have a different opinion on that point.

Not sure what you mean by alt-coins...you mean Litecoin for example? (Yeah, I'm definitely a newbie.) Would be glad to hear which of the alt-coins people suggest.

Alt-coins are exactly that, alternatives crytocurrencies. So yes, litecoins would be an example. You can see all of the others here. As for mining, in a few short months (maybe more), when ASIC's are more common it will be even more difficult than it is right now to mine with a GPU. If you can get an ASIC early you could do quite well but of course, when a bunch of people have them it'll be just as hard to mine with an ASIC as it is to with a GPU currently. While mining could be profitable for you, it would take quite some time to pay of the equipment you bought as the difficulty rate will just keep rising making your returns less and less. Not to mention electricity, if you're electricity costs a lot that just means that your going to have an even more difficult time paying off that equipment.

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