Drilldo, post: 456524, member: 8604 wrote: I agree it scary but people have been saying this since it hit $100, $1,000, $5,000 etc. it keeps going up up up.
It sure bears a striking resemblance to the Tulip Bubble of the 1630's. But then every bubble without an underlying asset would.
R.J. Schneider, post: 456639, member: 409 wrote: It sure bears a striking resemblance to the Tulip Bubble of the 1630's. But then every bubble without an underlying asset would.
Tulips are a more tangible asset than bitcoin!
I'm guessing those futures options don't look attractive at $500/BTC ??
Peter Ehlert, post: 456599, member: 60 wrote: power consumption at ?? 1150W, +0% ~ +15% (with 93% PSU efficiency @ 25 C) might be a deal breaker with my rates here, that force an extreme user rate that would maybe be a break even.
I do believe that was the other objection to bitcoins, the cost of electricity. Between the electric costs and the transaction fees, it becomes difficult to make any real money.
I didn't understand what the electric costs meant, these posts help explain it. You could do much better at $.02/KWH than $.20/KWH.
You can go to www.whattomine.com and enter what hardware you have, your power costs, and it will calculate your profitability.
