BitCoin has reached an all time High of $1100 USD

[Harm94]

But the image was looking like it was making the wrong point is all.

I guess that is what happens when I use a political cartoon.

[Ad Bot]

[blazerblock2]

I STILL DON'T GET BITCOINS

[LeetZero]

We should all get Litecoins.
Maybe it will be Bitcoin all over again.
Let's not miss the chance.

[Ipquarx]

Guys
What if it never goes down

[$trinick]

This market price is truly amazing.

Using next-gen hardware that ships this January, it is possible to mine bitcoins at 600GH/s, or roughly 50 days between mining blocks of 25 bitcoins at a time. If someone were to invest $20,000 into buying 4 of these, it would on average take 11 days to pay off all the equipment and after it was all paid off, average monthly profit would be $58,899.17 or $568,863.53 a year profit. This is after electricity cost is considered.

If the market were to drop back to what seems to be it's stable price of $200 USD, profit would still be $112,300.02 per year.

[Harm94]

Currency backed by digital data. Talk about FIAT currency.

[QuadStorm]

This market price is truly amazing.

Using next-gen hardware that ships this January, it is possible to mine bitcoins at 600GH/s, or roughly 50 days between mining blocks of 25 bitcoins at a time. If someone were to invest $20,000 into buying 4 of these, it would on average take 11 days to pay off all the equipment and after it was all paid off, average monthly profit would be $56,701.59 or $680,419.12 a year profit. This is after electricity cost is considered.

If the market were to drop back to what seems to be it's stable price of $200 USD, profit would still be $114,140.88 per year.

That's a ton for basically a short time of setting up hardware and months of sitting back and letting it do what it does.

[DiceyGrammar]

This market price is truly amazing.

Using next-gen hardware that ships this January, it is possible to mine bitcoins at 600GH/s, or roughly 50 days between mining blocks of 25 bitcoins at a time. If someone were to invest $20,000 into buying 4 of these, it would on average take 11 days to pay off all the equipment and after it was all paid off, average monthly profit would be $56,701.59 or $680,419.12 a year profit. This is after electricity cost is considered.

If the market were to drop back to what seems to be it's stable price of $200 USD, profit would still be $114,140.88 per year.

based on what electricity price

[$trinick]

based on what electricity price

$0.15/kWh

[DiceyGrammar]

$0.15/kWh

show us your full calculation please

[$trinick]

show us your full calculation please

http://www.bitcoinx.com/profit/

The following figures are multiplied by 4 for 4 units:

Power Consumption
Cost of Mining Hardware
Hash Rate

EDIT: You were right and I accidentally copy-pasted the figures from before power cost was subtracted. I updated my post and the figures are equally mind-boggling.

[lolz??]

my dad's work has a $3 million supercomputer, I think he'll make more off bitcoin mining than what he's doing right now with it lol

[comr4de]

I made an edit to that post too because:my source is that I am going to college and I want to get a criminal justice degree. Often in my classes this is mentioned when we discuss gangs, drug trafficking, illegal immigration and cartels.

It's no surprise to find people hiding in the trunk of a car or under a truck under a truck at a border checkpoint.  At airports abducted women and children might be brought in through suitcases or under heavy supervision of their captors at a terminal checkpoint. In some cases they are also brought in by boat.  It also hard to work with these people who have been abducted because they come from countries that have a police force that is known to be corrupt or they are just thugs in uniform.

I can confirm this because I hear about human trafficking daily.

[0xBRIANSMITH]

my dad's work has a $3 million supercomputer, I think he'll make more off bitcoin mining than what he's doing right now with it lol

wtf where does your dad work

[LagoomSack]

It's going to crash, EMBRACE YOURSELVES