AtomicInternet Archived News

With Overstock.com announcing they accept Bitcoin for purchases, I finally decided to wake up and pay attention to this crypto-currency that will take us into the post-apocalyptic economy. I immediately went home last week and started mining with my 3 year old GTX 460 video card to yield a 40 MH/s mining speed. I look back with my now week-old expertise in the mining field and laugh at how silly I was. Mining with GPUs has been over for months, especially with nVidia cards which only n00bs used when it was hip. The hot new thing in Bitcoin is APU mining, so I quickly secured two Bitmain Antminer U1 USB miners, putting me $120 in the hole and an amazing 4 GH/s rate, which clearly blew away anything my GPU could hope to achieve. Naturally, I decided to blow another $120 for a total of 4 of these hyper active hash crunchers, and hope to get the 8 GH/s to over 10 GH/s via my old friend overclocking. At the current difficulty rating, that will be 0.00229235 BTC or $1.78 per day. A horrible investment, but I choose to hold on to the dream that bitcoin will naturally deflate due to limited availability and the exchange rate will only rise until I'm a bonafide billionaire. Now the delusional plan is exposed, and when I read this a year from now I'll either be rich or out $240 trying to sell devices for a currency nobody wants anymore.