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Politics : Formerly About Advanced Micro Devices
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To: longnshort who wrote (709003)4/13/2013 2:27:11 PM
From: i-node  Read Replies (1) of 1572362
 
>> my son's office buddy bought a bitcoin making computer, at current prices he estimates making 98k a month

That's nonsense.

You can "mine" bitcoin, but on average you're probably going to be able to get about $20/month. But because you'll be keeping the computer extremely busy in doing so, electricity cost will eat most of that up.

If you don't join a pool, a typical high-end computer might have to work on average 15 years to luck into a single 25-unit block of bitcoin. And there really is an element of luck involved.

Not saying it isn't worth it, because you can luck out. But 98K/month, no way. Not a single computer (because bitcoin mining uses the GPU and not the CPU, the computer is less important than the graphics card).
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