HIFLYR

Crazy me have a self storage that makes money backed by the USA.

mspano85

I knew nothing when I started. I didn't even know how to build a computer. I was proficient within a week.

PM me if you want help. If you have $1500 to invest we can get you a real nice rig setup that, at the current price and difficulty of litecoin, should reimburse your money within 3-6 months.

-Martin

UASIT

Yes....You do need to be careful about the pre-made bitcoin mining machines. I have never ordered. But, one does need to do their own due diligence and such.

As for learning about Bitcoins...Read, read, read, and understand...Then read some more...

Additionally:

The best case against bitcoins is made by the two people pushing it the most:

http://www.bloomberg.com/news/2013-0...coin-fund.html


http://dealbook.nytimes.com/2013/07/...nklevoss/?_r=0

German government taxes bitcoins

Germany plans tax on bitcoin after virtual currency recognised as 'private money' - Telegraph

UASIT

Glad that its insured. Airflow is an issue. Especially with that many cards and running them 24/7.

You're right - 7950s are a beast of a card. They should be going down or catching fire. All I can think is a configuration issue or airflow .PM and we can talk.

UASIT

You've got a good business going.

mspano85

Airflow isn't a problem. I actually have them setup in the server room at my work. Cold side and Hot side. I got the IT Guy here years ago into BTC, before the initial spike, and he just took off. He currently has over $500k in BTC at the current price. He said when he gets back over $1million, he will reimburse me for my Flight Training. After all, I did make him aware of it when they were about $0.10 a piece. He actually took a blade center the company wasn't using at the time and started mining BTC with it. It was something like 100kH/s. Now it is completely obsolete but at the time was getting a coin or two a day. The GPU power got into the mix and I didn't make a rig. I regret it. The spike/boom of May-June 2011 happened when it went from $0.70 to $30.00. I started making my rigs in the middle of that upswing. The February-April 2013 Spike/Boom to $267 really paid off for me, although I did not sell many at the top. In fact I sold about 800 of them at $50 thinking it couldn't possibly go any higher anytime soon. If I would have just waited three more weeks I could have had $1.6million. Ahhhh!

The rest of my stash I'm holding very long term. I'm going to wait until the next halving of the blocks which is something like 6 years away. As of right now they are some excellent savings to fall back on if I ever find I'm in a huge jam. You never know. Same thing with all my Litecoin. I plan to hold all the ones I have now at least until February 2015 when the blocks halve for them.

I also bought about thirty 60GH/s ASIC systems from BFL using BTC when BTC was anywhere from $6-25. I still have not received one of them. Thats a good couple hundred grand right there in their pockets I won't see even if I get all 30 systems tomorrow.

UASIT

Good stuff!!! You're having fun and that's what life is about...Living and taking chances...I've got a little over $300K in BTC at current rate. Tomorrow I'm going to DC to listen to the President of Estonia speak about the all digital society. If you are not familiar with the Estonian digital society and their plans for their country I recommend reading up...Interesting...

mspano85

Where is this event located? I live right outside of D.C..

UASIT

Check your PM...

Trr56

Seems like getting in on bitcoin now won't pay off? Looks like the difficulty is at it's exponential growth point and the average joe can't feasibly hop in and even expect ROI. Man, I really should have jumped on bit coin back in 2011-12 when I first heard about it.