This was my quote from 2013 here on NSMB
"If you got in on the ground floor mining for Bitcoins when they first started with a standard gaming rig and 4 good ATI cards you would be a multimillionaire today with only the cost of the above rig and the Hydro to run it.
Today its almost impossible to mine with standard hardware as the hash rate has gotten so hard that only very specific hardware using ASIC chips will work. And they cost thousands of bucks per card and the return rate is almost NIL at this point.
"the guys making these cards are making a killing as a sucker is born every minute"
You want my take on this and how to possibly make some cash in a strange way.
Prediction time.
Forget bitcoins. In 1-2 years time the hash rate will be impossible due to the flood of all the ASIC mining rigs out. Think a very sharp bell curve and bitcoins are just nearing the top.
That is when people are going to start mining for Litecoins "if bitcoins is gold, then litecoins is the silver of this market".
You can get great returns using standard Nvidia, ATI gaming cards worth a few hundred and even transfer them to bitcoins if you wish. The cost of litecoins right now is very low right now but the minute the above happens with bitcoins and no one can mine them everyone is going to jump onto litecoins.
Then the price will jump. If you mined for them now you will be almost on the ground floor for that jump.
Profit? perhaps…
Very little risk mining litecoins at this point. Just your PC and the cost of Hydro."
20/20 eh?
