dslreports logo
 
    All Forums Hot Topics Gallery
spc
uniqs
12

Mike
Mod
join:2000-09-17
Pittsburgh, PA

Mike to signmeuptoo94

Mod

to signmeuptoo94

Re: [Coin Mining] What does this mean for you guys out there? Mt.Gox...

Bitcoin? Income?

Everyone operates on a loss lol

signmeuptoo94
Bless you Howie
Premium Member
join:2001-11-22
NanoParticle

signmeuptoo94

Premium Member

Heh heh, with my it's a loss of my mind...

My BIL was unaware of bitcoin and I made a comment to him about prices being high on ATI cards because of the bitcoin mining and he said "Wha?! That doesn't make sense, and I explained to him how people crunch to mine for virtual coin and again he said What? Heh.

mk4111
@start.ca

mk4111 to Mike

Anon

to Mike
Those who buy at dips in the range of $200 - $245 (as was the case multiple times in the last 2 weeks) and sell in the morning are making 200%+

Those who mine coins that net 0.001BTC 100KH /day and selling them for BTC are making a killing.

Krisnatharok
PC Builder, Gamer
Premium Member
join:2009-02-11
Earth Orbit

Krisnatharok

Premium Member

said by mk4111 :

Those who mine coins that net 0.001BTC 100KH /day and selling them for BTC are making a killing.

I did the math for myself recently. I have four 7970s that consume 1.22 kW and generate 2.92 MH/s and I have received an average daily payout of .033 BTC. I'm doing quite well.

Mike
Mod
join:2000-09-17
Pittsburgh, PA

Mike

Mod

As of now. Then the difficulty curve goes up.

Krisnatharok
PC Builder, Gamer
Premium Member
join:2009-02-11
Earth Orbit

Krisnatharok

Premium Member

Agreed. But as Bitcoin's difficulty is jumping 30% every interval, Litecoin's is going up incrementally (or even going down).

»bitcoinwisdom.com/liteco ··· fficulty