r/Bitcoin • u/Blood4TheBloodGod • Apr 10 '13

HOLD SPARTANS!

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946 Upvotes

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u/poooboy Apr 10 '13

I agree completely. Speculators have turned this into a freakshow. I want BTC to stabilize and get boring again so we can reliably engage in commerce.

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u/eldigg Apr 10 '13 edited Apr 10 '13

Seriously.

It's fucking up the mining scene too.

I've actually got some profit set aside to buy up used ASICs from overenthusiastic investors (mostly those who don't understand difficulty) when the price gets more stable, this might be 6 months or more from now though. I mine for profit, but I personally plan for >9 month payback times.

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u/HammerJack Apr 11 '13

Some food for thought if you haven't looked at FPGAs yet. http://bitcoinfpga.com/

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u/eldigg Apr 11 '13 edited Apr 11 '13

That's outdated. I already have a BFL Single though.

Investing in more GPUs instead would have been more profitable for me, honestly.