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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (709003)	4/13/2013 2:27:11 PM
From: i-node	Read Replies (1) \| Respond to of 1572202

>> 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).