Some BitCoin realities

In 30 days, mining at 30 GHs, I produced about $50 in BitCoins. My electric bill went up by $70 dollars. I think I lost too much money to keep this going.

I need BTC to trade at about $2000/coin for this to be truly profitable. So I will find another way to turn a legal and moral profit from BitCoins.

Some options:

  • Retail using BTC as payment.
  • Exchange to create currency to BTC and back.
    • Including exchanges between other currencies.
  • Build multi-encryption Wallets
  • Provide information and services to other BTC users and services.

What I am not going to do, lose more money at this than I have.

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