love to mine bitcoins, as I've been doing it since 2012. mining isn't all about getting paid.
To me bitcoin mining keeps me busy and is a legitimate way to make a living earning more than minimum wage at a gas station or super market. More than that bitcoin mining is a belief and it is about how you feel mining and what your getting out of it. because bitcoin mining is not always profitable. it takes hindsight and foresight to see the potential in what it is your mining. you may pay more for electric than your getting in bitcoins but had i payed the extra in electric back then the increase of the price of bitcoin would have made it a vastly successful investment.
For me mining is also a way of showing that your willing to work for your money but not work and deserve pay at the same time. mining earns money while your dreams and sleep prevent you from work when you retire every night to bed but also you have to know what your doing to get to that point. it takes being scammed number of times, breaking equipment and replacing it, it costs electric, time and money. but the reward is much greater for me than the risks or costs.
- having gone through now knowing, let me tell you, always research before you buy equipment, butterfly labs had faulty psu's and ended up catching fire in some cases. this is very important to google before buying. dont always have to be the bleeding edge of equipment or investment. most times people buy bitcoins but don't but only have a new car to show for themselves in the year after, or something else they lost or wasted bitcoin on. bitcoin is about buying and holding, just trust me on this. you really dont have to spend 10,000 bitcoins on pizza order anymore as was done in cali when bitcoin first came about. if your paying dollar for dollar with bitcoin for a house you will regret it in the long run. bitcoin is never never too late to get in on a bit today is much much more in a year and even more in 2 years time, consider halving to double the value if it hasn't already and enjoy retirement.
im here today to say as I've noticed now. old useless cost ineffective equipment is now and more so becoming relevant again. Do not sell your old equipment. wait a year on it. almost guaranteed to make more profit on it than the year before at this point. this summer bitcoin will make 50k a pop as a good estimate and only increase to a modest 100k in usd by the year 2020. if your a miner or are thinking about getting in on it now is a great time. just buy cheap equipment and sit on it for a bit. ( 1 year later ) and your making a profit at something you essentially got for a steal. in all reality look at the V9 antminer. costs less than 100$ at the moment on amazon, buying one today you will only have to wait until next year to make a decent profit mining at 4 TH and earning what is now 1 $ a day. because unlike the stock or the coin itself you will earn "entrended" money being that your dollar now will only loose value every halving ( 4 years ) and should give you the same or more in dollar amount for profitability for the lifetime of the machine. so do not overclock the machine if you ask me saving the friction and ware on the machine is what really will matter.
how do i know this will work/
signed sincerely the (bitcoin profit) foxbit
john fox