Bitcoin like services seem too fishy for me to get into.
It sure is the wave of the future (I figure we'll be using Star Trek like Credits when I'm over 50), but those Data Mining coins just feel too "black markety". I don't wanna break bad just yet.
I read about them last night. It's a perfectly legitimate currency, but it's highly risky. At any point people could stop giving them value and they could be useless.
Exactly, the only thing giving them value is demand.. if (better yet, WHEN) that ceases they become worthless.
But... what's to lose? As I said... electricity.
And you can exchange them into dollars/€uro whenever you wish. A guy I know made 300$ last week by mining some new no-name coin then exchanging it into BTC then in USD.. in a couple days.
@farrell2k you don't mine BTC with GPU, haven't for a looong while now. You mine other currencies. As recently as November people were making tons of money off Litecoin with the setup I posted above.
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