221 replies to this topic

[kitcar765]

Mr kit car, do you have a mortgage? Or even paying someone else's with rent?

i rent. But the rent i pay is less than the falling cost of houses in the local area. so i'm loosing much less paying rent than i would of done if i had bought. I'm effectively being paid to rent. Plus i can easily move for my career, have no stress. The opportunity cost of renting is huge.  I may buy one day, pre 1995 levels will be good value and we are slowly getting there. Houses always reach their lows after interest rates rise, Im planning on picking up the pieces of someone elses greedy over-borrowing.   

[rik]

anyone want to chip in for an asic mining machine?

[WrightStuff]

Which one ? 

[rik]

this one is the best price point

 

https://www.blackarr...ospero-x-3.html

 

split with say 4 other people it would bring the HUGE RISK down a little

[kitcar765]

for litecoins? i could go part in but not a full 25%

[rik]

could get the X1 instead £185 for 100GHash/sec https://www.blackarr...ospero-x-1.html

minimum order 10 (this is where we could chip in and each receive our own hardware at the end which is probably a better thought out plan)

 

have a look at this to see how much cash they can generate http://www.alloscomp...coin/calculator

 

[dave_dub86]

ASIC machines don't work for litecoin mining..

[JD VX220]

Potentially in if a group buy happens :-)

[Rudy]

Potentially? In or out matey.

[kitcar765]

i dont think im tech savy enough. so i will have to say im out. Although it would be handy to be able to buy/sell from VX'ers, its a bit of a pain buying for unknown people. Could have a bitcoin meet! 

[slindborg]

Even asics seem to be limited now, a graphics card machine would be more cost effective if you can get free electricity

[LY_Scott]

None of this makes any sense to me.

[kitcar765]

im going to guess the bottom of the BTC crash around £550-£580

[Bargi]

Love this getto rig here

 

[WrightStuff]

could get the X1 instead £185 for 100GHash/sec https://www.blackarr...ospero-x-1.html

minimum order 10 (this is where we could chip in and each receive our own hardware at the end which is probably a better thought out plan)

 

have a look at this to see how much cash they can generate http://www.alloscomp...coin/calculator

 

 

Nothing wrong with the performance of the X1 or X3 if they were available now.

They won't be available until end of feb 2014. Manufacturing problems delaying preorders might delay this another month.

Things are changing so fast with bitcoin that it might be obsolete before you get your hands on it!

 

Not so bad if you've ordered the X1 (£185), painful if you've ordered the X3 (£3k).

[kitcar765]

the bitcoin network is roughly 260 times more powerful than the worlds top 500 supercomputers combined. When you see the range of rigs etc, that's pretty incredible.  wonder if someone will create a "science-coin" which allows people to pay coin owners for the use of the computing power. That would be a pretty cool idea, especially when you have the most powerful combined computing power known to man to play with.  

[kitcar765]

someone beat me to it. science-coin is already in development

https://github.com/s...oin/sciencecoin

 

[Claws]

None of this makes any sense to me.

Same here, cannot get my head round it at all

[kitcar765]

im going to guess the bottom of the BTC crash around £550-£580

self quote. bitcoin definitely is fun! crashed down from £750 to £500, currently hovering between £550 and £650  about time some heat was taken out. Plenty of people trying to make a quick buck got burnt. Cant seem to find much news, a fake article about private keys being leaked, china exchange down. The usual negative press.  Hopefully we can get back to weeks of inactivity at a lower level. Great buying opportunity perhaps around £500 coming. Then a few weeks or even months before we reach a blow off top around £2000 to then settle around £1500  

i have no idea what im doing! 

 

Edited by kitcar765, 01 December 2013 - 09:16 PM.

[WrightStuff]

What cards are you using dude? I'm planning on using four Radeon 7950, aiming for 2,200MHz hashrate. Well that was until I noticed litecoin is crashing hard lol I'll see what it's at on Monday when everyone's accounts are credited, so it will give a better idea of where it's at before I start buying hardware.

 

Considering the same. Even if it all goes pear shaped and LTCs are worth £0 I will still have a load of computer hardware that will be worth close to what I paid for it.

Have looked at a 6 GPU setup, which is supported by various motherboards but I can't find a power supply big enough!!