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      12-17-2013, 10:30 AM   #1
kmarei
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Anyone interested in investing in Bitcoin?

I found a sweet deal on 2 KnC Jupiters
these are the fastest bitcoin miners on the market right now
these are the November edition which hashes at 650 GH/s!
These also include the required power supplies

these go for between 16-25,000$on ebay
the guy selling these is asking for 24,000 for both
I can only afford 1 so I need someone to pay for the second one
these should generate about $15,400 in January alone
The seller is holding them for me for 2 days
so I would need the other buyer to have $12000 in cash

any one interested?
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      12-17-2013, 01:10 PM   #2
kmarei
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I can also host your machine so you don't pay for electricity or cooling
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      12-17-2013, 01:13 PM   #3
LucWerkz
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I'm just going to stick to investing in/maintaining rich girlfriends. It's done fairly well so far.
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      12-17-2013, 01:40 PM   #4
jbarber0020
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How exactly does this work?
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      12-17-2013, 02:01 PM   #5
Brooklyn Mark
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bitcoin is crashing and its getting harder to mine everyday. Pretty soon you will be paying more for electricity than you actually profit from mining.
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      12-17-2013, 02:50 PM   #6
System Of A...
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2008 BMW e93 M3  [3.83]
worst investment idea (used to be good)
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      12-17-2013, 08:54 PM   #7
kmarei
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Quote:
Originally Posted by Brooklyn Mark View Post
bitcoin is crashing and its getting harder to mine everyday. Pretty soon you will be paying more for electricity than you actually profit from mining.
I have free electricity
Our lease contract includes unlimited power
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      12-17-2013, 08:55 PM   #8
kmarei
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Quote:
Originally Posted by System Of A... View Post
worst investment idea (used to be good)
Not exactly
It used to be that any miner would make you money
Now unless you have the fastest one, it doesn't make sense
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      12-17-2013, 09:08 PM   #9
kmarei
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Quote:
Originally Posted by Mr Sparkle View Post
http://en.wikipedia.org/wiki/Bitcoin...Bitcoin_mining

there will always be a breakeven point in mining efforts. I would be careful not to think you can consistently get good cash returns from a mining machine. People are constantly upgrading machines and now doing cloud services, and the return from mining changes or are diminished or shared across more miners as tech costs increase or as bitcoin values increase/decrease or as more miners come online.

btw, your payment in mining would be in bitcoins, so for you to monetize it, you need to exchange it for USD or for goods through online merchants who accept bitcoins. You're essentially taking a foreign currency
Just conside that every month will make only 70% of the precious month
That's a good rough guide
So first month is say 10,000. Second month is 7000 etc

Selling bitcoins is pretty easy
I setup an account with coinbase, and haven't had any issues
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      12-17-2013, 09:17 PM   #10
LucWerkz
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Quote:
Originally Posted by Mr Sparkle View Post
thought Lucwerkz takes bitcoins these days?
Nope, only accepting my three original forms of payment: Cash, Gas....or Ass.
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      12-18-2013, 11:53 AM   #11
kmarei
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Quote:
Originally Posted by Red_Baron View Post
Nope, only accepting my three original forms of payment: Cash, Gas....or Ass.
if someone started a service to convert bitcoin to ass
we would make a killing

i'm registering www.bitass.com right now
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      12-18-2013, 05:25 PM   #12
LucWerkz
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Quote:
Originally Posted by kmarei View Post
if someone started a service to convert bitcoin to ass
we would make a killing

i'm registering www.bitass.com right now
YOU ARE A GENIUS KARIM.

Just in case...can you register www.buttcoins.com too?
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      12-18-2013, 07:31 PM   #13
kmarei
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Quote:
Originally Posted by Red_Baron View Post
YOU ARE A GENIUS KARIM.

Just in case...can you register www.buttcoins.com too?
Is this for the heterosexually challenged?
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      12-18-2013, 08:24 PM   #14
LucWerkz
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Quote:
Originally Posted by kmarei View Post
Is this for the heterosexually challenged?
Well we all know the most successful companies don't discriminate.
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