Bye bit coining.
1 company out of hundreds
Target hacked - 100 million credit card numbers stolen. Maybe credit cards should be banned.
Am I the only one that saw miners as a targeted pyramid scheme? The funny thing is, this will only garner more members.
Meanwhile AMD is making so much money, if they're not in on it, I dunno. I'm speechless...
Bitcoin = beanie babies. Anyone who heavily invest in them will ultimately lose. If you want to make an investment, try coin collecting. At the end of the day, it will always be worth face value. And they are a little harder to lift. They are impervious to hackers, hardware malfunction and weak network security.
Bitcoin mining at this point is nothing but a scheme to make money. They only people that make REAL money off of this, are the ones who started early and invested. With ASIC's out now and them being a pre-order "wait in line" kind of business its impossible to make a lot of money unless you have a lot to invest up front. By the time you wait for the ASIC the difficulty is so high you only make a tenth of what you could have. SCRYPT mining is the only fair market out there. However, the market is nowhere near as big and with electricity costs to run gpu's it takes a lot away from your profit.
I have lost over a grand in the bitcoin market since I started back in late 2009. The first chunck of money was lost when a scandal with one of bit lc's founders stole a bunch of bitcoins from the company and fled the country. Now with mt gox gone, which was my primary exchange, I have now been fucked by the market a second time. As an ex miner leaving the market, I do not believe these companies are doing enough to protect or faith and investments.
I had 50 bitcoin I obtained when mining was first introduced I ran a newly built PC for like a 4 day weekend and I've kept the bitcoin wallet offline only converting a few when they were up around $800-1K. Still have 35, its found $$ so i really don't care where the market goes when it was $560 last week I converted 3 to amazon giftcards, that should cover my amazon purchases for a while.
amd probably did make a LOT of money because of bitcoining... i was browsing new egg one time for an Radeon 7970 which was only like 300 dollars. a few weeks later it increased by a hundred and fifty or so....
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