Quote:
Originally Posted by Hack&Lube
I told my co-worker about Bitcoins and he went out and bought an older ASIC rig off Kijiji locally here in Calgary.
After doing the proper ROI calculations, he realized it wasn't worth it so he ebayed it and turned around and sold it for double what he paid after some frenzied bidding from people who are making the mistake you described.
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It took me a month to prepare myself for entering the world of cryptocurrency. Spend every night shift reading about it. In that time I watched Bitcoin triple in price, but I still know that it was smart for me to not rush into something.
There is supposed to be a guy with a bitcoin physical store in Calgary. Every time I replied to his kijiji ads he would claim the items were sold out, and then he doesn't reply to any e-mails on his actual site. Quality business.
I just bought the parts needed for my first litecoin/scrypt mining machine. I still have to go out and get a hard drive though or a USB key and figure out how to set it up because I'm pretty bad at hardware. I get bored quite easily though and doubt I'll spend much time on Litecoin, there are lots of other fun ones out there with potential (Cryptogenic Bullion is 90% mined and just posted a 31 page whitepaper outlining potentially huge concepts).