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The banks will probably make sure they don't miss the boat next time!
Bitcoin is an innovative payment network and a new kind of money.
- Thread starter Opmmur
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I actually built a mining rig a few months ago... About 3.5Mh/s or so (Scrypt mining though; I trade my Scrypt based coins for BTC). One month I netted over $100 (after electricity costs) and it's been going strong ever since.
Bitcoin is definitely a good investment; the value changes wildly but I've always been able to sell when it peaks.
Bitcoin is definitely a good investment; the value changes wildly but I've always been able to sell when it peaks.
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You should post a thread about your rig with details and pictures. 
Martelis
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Let's not forget though that if Bitcoin tanks or crashes, nothing is backing it.
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That's right. You just loose all your bitcoins and their value, end of story.
It's a risk you take. A risk that gave some huge money to several people who were aboard early.
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Well, there's nothing really backing USD either. What matters is if people are willing to accept it in trade, which in BTC's case things are looking pretty good.
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Sure! Once I relocate it to the garage this weekend I'll take some pictures and post some specs.
Martelis
Junior Member
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True. But the value is based solely on how much is bought and not sold. Therefore potentially driving the value up.
Martelis
Junior Member
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China alters the value of their money at will. They are also notorious for buying things up with the intention of altering its value.
Martelis
Junior Member
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Are you Post Stalking me Cosmo? Lol