Newegg Now Accepts Bitcoin

[John P. Myers]

http://promotions.newegg.com/nepro/1...37&SID=rewrite

[Mumps]

'Bout time they hopped on the bandwagon. TigerDirect has been accepting BitCoins for months.

http://www.tigerdirect.com/bitcoin/?srkey=bitcoin

[Mumps]

Also, don't look now, but that significatly increased the market rate of BitCoins it seems.

http://www.xe.com/currencycharts/?fr...o=XBT&view=12h

[Mumps]

Although, it finally dawned on me that the Goal of Campaign #1 is actually less than a single BitCoin is worth right now...

[John P. Myers]

Although, it finally dawned on me that the Goal of Campaign #1 is actually less than a single BitCoin is worth right now...

Don't feel bad. Not a single one of us would be rich if we mined these coins for ourselves

[cineon_lut]

Don't feel bad. Not a single one of us would be rich if we mined these coins for ourselves

Is it conceivable that this equipment (ants, rocks, BFLs) could ever pay for themselves if we turned to straight mining? I always heard the argument against the 7970s due to the electricity and cooling cost, but I'm not up on ASIC profitability.


Vic (mobile)

[John P. Myers]

The BFLs would never pay for themselves. Use to much electricity. The Rockminers have a slim chance depending on your electricity rate. Assuming the national average of $0.12 kW/h, and assuming you paid $74 for your rockminer including taxes and shipping (that's what i paid), After 7 months of 24/7 mining, your profit will be $9.12 If you pay more for electricity than that, forget about it.

Just did the calculation for Antminers. They will never break even.

The *actual* Bitcoin difficulty is 16,818,461,371. Make sure you give the pool servers a warm kiss for saving us from that