Kingston wrote:danneth wrote:Kingston wrote:30mil of those = 2.4 bitcoins
1 bc - £270
2.4 - £770?
As it stands yes, that's 39 days of mining, price should settle at around 15-20 in a week then climb nicely all being well
And thats assuming someone wants to buy them?
So, after youve taken out the costs to mine inc electricity/general running costs, how much have you made and over what time period?
Or are you hoarding everything just encase?
If so, what it your potential profit after running costs?
https://bitcointalk.org/index.php?topic=503236.0
You have to assume cause just about every altcoin goes the same way this will be no different, this one if anything has more "hype" and coverage, there has already been 150BTC traded on it in the last 24 hours.
The total mining period is over 45 days, the running costs would have been £90 over this time period.
Lets say we cash out right now, that gives us a profit of £720 potential profit is almost impossible to say "if" it followed some of the path of some of the best alt coins in the last few months we think it could go to 400 which would give us that would give us 120BTC @ £260-270 a coin, being realistic we reckon it could easily do 50-100 and we would perhaps cash out somewhere within here lets say it hits 50 that's going to give us £4000 we then have the dilemma do we hold on to the BTC or wait for the rise again as we think it's not really going to go much lower.
Take a look at this coin -
https://www.mintpal.com/market/BC/BTC
We bought some of this few weeks back @ 400 we had a bit of info on it that it would rise to 5000 we cashed it out @ 8000 it's now at 57,500
had you invested 1BTC when we did and had the balls to keep in you would now have over 100BTC worth about £27,000 not bad for a £270 investment
Of course our/others judgement could be way off and it could just fail and we move on to the next one