yeah i made a thread a year or two back.
for all you guys thinking quick buck get rich fast... good luck. it's not gonna work.
to mine 24/7... the computer doing it is rendered useless. so it's not just the cost of the card, but the cost of the computer (cuz you're not gonna be able to use the computer while its mining).
and like i said earlier.. once these ASICS hit... your mining will become useless.
if u had an ASIC... RIGHT NOW... go for it... mine all you can. but none of u guys will be able to get your hands on one for a few months at least. so... yeah.
for "newbs" that duno much about computer stuff.. forget it. you're gonna lose your wallet or someone's gonna hack it or whatever. you're gonna fuck it up somehow.
as for speculation... if you have some money.. yeah it might be good to buy some bitcoins and sell when its high and buy back when its low. lots of ppl have made money speculating/trading... but then if you're gonna do that... there's real markets u can trade.
no different that buying any other market (stock markets, derivatives etc).
bitcoins are not regulated and not insured. if it crashes and goes to 0. you're out.
lol, at my work RCMP guys come in to lecture us and teach us "money laundering" stuff.
I raised the question of bitcoins... cuz it's probably a haven for small time money laundering.
lol you know what their answer was?
"like any other threat, if it becomes too big, the CIA will crash it and destroy it".
i haven't heard anything more true than that.
so... if you can bank at least 100 bux a month (sacrificing a machine) after all your overhead costs.... sure go ahead and do it. lol.
but i can think of a lot more ways to make a lot more money a lot faster.
that being said...lol... i shoulda bought an ASIC months back
don't get me wrong, tons of ppl (kids to adults) have made hundreds of thousands of dollars, or millions even. but you're not them. and you're not gonna be them. you're all hopping on the bandwagon at the very end tail. these guys were on it since the beginning, and they have better computer skills than you. they know what they're doing. and they mine this shit, and they speculate this shit on top of mining.
Their life revolves around this shit. it is their life, their job etc.
this isnt some get rich quick thing. if you wanna do it, it will become your main hobby/life etc. if it isn't you'll just be making chump change. and you STILL have to find a way to convert it to real cash...
Unless you're gonna use the bitcoins on silkroad to buy illegal drugs and services. lol.