A Bitcoin to gold marketplace Coinabul.com. A great place to invest in gold with all of your earned bitcoins from mining or trading. Sudden scare over bitcoins being a good investment and need out fast? Just throw those coins and turn them into something of genuine value. Of course the prices fluctuate of both and you may be losing money on buying the gold instead of trading with the coins youve earned, but its a great way to get into a more reliable investment straight from bitcoin.
If i can buy gold with bitcoin, it really seems like a legitimate currency. Gold is much more reliable, but wheres is the fun in that. Pick up some new Butterfly labs ASIC mining hardware, turn it into bitcoins, then turn it into an income of gold. An even more interesting outcome would to turn litecoins to gold. You would need to convert to bitcoin, then to gold and may lose a good deal of value along the way but much more reliable of a investment. Bitcoin or litecoin could crash at any time and you wouldnt want to have thousands of dollars in when it does.
Just an interesting idea of mining gold from your own home as an additional retirement investment. Litecoin is the easier road traveled as you can still mine a sufficient amount of coins by using your own graphics card without having to invest into that equipment. Enjoy Gold Mining!
Thursday, June 27, 2013
Wednesday, June 26, 2013
The Butterfly Labs ASIC Products: Probably far to late to order now anyway.
Think your going to get a leg up on the competition and grab one of these super fast super fast ROI machines. Definitely if you have one right now. So just go ahead and buy one right? Ok well, i heard they are releasing them as we speak so this preorder shouldn't take to long. Think again, by the time you get one of these machines, the market will likely be flooded with them. This means the complexity is going to soar and the amount of coins you make in a day will exponentially decrease. By the time you get one now, it will be too late. Sure, you could just put thousands in and still get good payoffs and eventually you will earn your investment back with time but who has that kind of cash.
Just think of all the machines that have already been ordered. Putting your order in now is just asking for disappointment. By the time you get it, you will not be minting very much coin at all. Not to say this isn't an awesome product. If it performs as well as it boast (which reports have shown true) then it is a incredible mining machine. The unfortunate thing is that bitcoin mining will adjust to this. When all of these orders release, complexity will be so high that the equipment needed will need to be even faster to earn a profit. The expenses will begin to outweigh the coin earned.
This could even be the end of personal bitcoin mining. If would need to be a very dedicated cause with a great amount of financial backing to mine for good profit. The many machines and power required would be ridiculous. The small miner wouldn't have a chance. This doesn't mean you cant trade them for a profit and keep them alive. Its just that acquiring coins out of thin air seems to be coming close to an end.
Other Currencies could be on the verge of rising and still a good opportunity but this is just because they are not as popular and it will take time for specialized equipment to come out for them. Litecoin mining may be something that is worth looking into as GPUs are still good enough and there are places that allow markets for conversions.
Overall, i would wait before investing to much into this. Unless you can get one right now, then I wouldnt recommend jumping in at this point. However, if you think bitcoin mining is for you still, jump on these. Get as many as you can as fast as you can, or hold out till the next big thing to bitcoins. It will definitely be interesting how this plays out for the currency. It holds the threat of losing interest from the lack of ease in mining the coins.
Just think of all the machines that have already been ordered. Putting your order in now is just asking for disappointment. By the time you get it, you will not be minting very much coin at all. Not to say this isn't an awesome product. If it performs as well as it boast (which reports have shown true) then it is a incredible mining machine. The unfortunate thing is that bitcoin mining will adjust to this. When all of these orders release, complexity will be so high that the equipment needed will need to be even faster to earn a profit. The expenses will begin to outweigh the coin earned.
This could even be the end of personal bitcoin mining. If would need to be a very dedicated cause with a great amount of financial backing to mine for good profit. The many machines and power required would be ridiculous. The small miner wouldn't have a chance. This doesn't mean you cant trade them for a profit and keep them alive. Its just that acquiring coins out of thin air seems to be coming close to an end.
Other Currencies could be on the verge of rising and still a good opportunity but this is just because they are not as popular and it will take time for specialized equipment to come out for them. Litecoin mining may be something that is worth looking into as GPUs are still good enough and there are places that allow markets for conversions.
Overall, i would wait before investing to much into this. Unless you can get one right now, then I wouldnt recommend jumping in at this point. However, if you think bitcoin mining is for you still, jump on these. Get as many as you can as fast as you can, or hold out till the next big thing to bitcoins. It will definitely be interesting how this plays out for the currency. It holds the threat of losing interest from the lack of ease in mining the coins.
Subscribe to:
Posts (Atom)