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Bitcoin -- for interested beginners & critics/skeptics

Bitcoin -- for interested beginners & critics/skeptics

Quote: (12-06-2013 10:46 AM)runsonmagic Wrote:  

Quote: (12-06-2013 06:32 AM)Maciano Wrote:  

Butterfly Labs is (likely or at least mostly) a scam. Some have indeed received their orders, many have been waiting since the last crash in april...

The CEO has been convicted of mail fraud (~25$ M).
https://bitcointalk.org/index.html?topic=110805.0

Considering lots of ppl bought & never got their ASICs (yet), I'd be cautious. Very cautious. Remember: time is factor. Every passing month you need better equipment for the same (i.e. amount BTC mined in pool) return on computing power.

Yikes! Thanks for the heads up. I emailed them a week ago, and they still haven't gotten back to me. Good to know.

I've heard good things about their equipment, but I'll get it used or ebay if I really decide to go for it.

Any other suggestions on bitcoin mining?

https://www.kncminer.com/
They have delivered before. 13.000$ is a lot but there is group buys on bitcointalk.com. I put some bitcoins on on that. Will see how it goes. Also mining contracts is another way. I got 266GH from http://e-pickaxe.com/. Will see if I get my payout tomorrow I can put them as 100% green.
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