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Crazy bitcoin mining

Offline zhuanyi Posted 04-25-2013, 03:13 AM -
Post: #1
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Saw this online and thought it would be pretty interesting to share:

http://www.wired.co.uk/news/archive/2013...ining-rigs

Anyone interested in one of these 30K bad boy? Smile

http://www.ebay.com/itm/Avalon-ASIC-Bitc...460eaab14d
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Offline lazyt Posted 04-25-2013, 04:21 AM -
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I'm still trying to wrap my head around the entire bit coin mining bit.
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Offline zhuanyi Posted 04-25-2013, 05:04 AM -
Post: #3
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My thought is that after people start to get more and more ability to mine those coins faster and faster, would that cause the value of the coin to depreciate? So in the end only early adopters benefit from such miners while the later guys are actually buying things that worth less and less right?
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Offline pubcrawler Posted 04-25-2013, 06:10 AM -
Post: #4
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Crazy vapor rigs most of the promised stuff is, so far.

Aren't we somewhere far along in the coin finding computation? (i.e. more than 50% of them found?).

Colossal was of power the entire bogus mining is. Useless rigs when it falls.

I like the bitcoin idea, but trackable, no privacy, goofy conversion media at best.
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Offline coreymanshack Posted 05-07-2013, 09:58 AM -
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I'm not adopting bitcoin as of yet because there is a ceiling on the number that can be found.... which seems stupid to me.
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