Return of investment is still fairly high.

Remember, the GPU still have more than 50% after one year.

Bitcoin mining, on the other hand have life expectancy of less than six months.

http://mining.thegenesisblock.com/

And the miner will be useless after that. It is also subjected risk like rate dropping and delivery problem (asic miner).

Not true at all.

The difficulty was low back then and the return of investment is still well over 100% annualized.

The huge price jump in Nov make people who have the infrastructure get back their investment in less than 1 months if there have been mining before Oct.

What does a mining card do?

You mean, it just mine bitcoin automatically like one of those farmhouse games in FB?

The more mining card I have, the more bitcoins i can mine?

Doesn't seem to add any service to anybody? What the heck am I selling when i mind bitcoin?

Somewhat true if you assume the hardware is useless after one year. ROI is more if you can sell GPU and bare bone system for good price. Or if you can still beat the electricity rate with the hash rate, you can keep running the miner until the rent and electricity cost greater than what you get back in coin.
Not many investment in the real world give this kind of return without you being the owner. REIT investment only provide around 8% rate and it is a billion dollar market cap industry.

Not to mention scam like Geneva gold scheme only promise a little over 20% and many people fall for it.

All your comment just show that u want to cari pasal in this thread.

Please go do your homework before coming here and act like an idiot~!

What an idiot...is there a forum rule that says i must have 100% knowledge to show off here before I can post?

No what...whyteaz aka penguin idiot...why don't you go carry your angst elsewhere.

My transfer took 2 1/2 weeks in total. There is no reason why the funds would be confiscated by the US government for a transfer from Japan to Malaysia.

Come guys, list me an exchange which is good. I alreadly know Mt Gox is useless. Cause is higher than average.

Multiple times over the past year.

You transfer 5 btc to where? I transfer cash from Mt Gox to local bank, not btc.

Can't reveal, sorry

It doesn't look there is any problems getting funds out of gox based on the discussion on bitcoin forums though, so if I were you I'd be worried.

That's the problem they have with US banks. That's why I never withdrew to my US acc.

Dear mtgox,

I would like to know how long does it take to withdraw funds from my account? On 12/08/2013 I opt to withdraw $$$ from my Mtgox account (M*****) to my RHB Bank Malaysia Account (*****). Till now, there's still no news from my bank in regards to my withdrawal.

James Support, Sep 09 13:18 (JST):
Hello ****,

Thank you for contacting us regarding your withdrawal request.

Due to a change in our banking system we are currently experiencing a back-log of withdrawals that we need to process.

Our team is working hard to increase transaction speeds, but there is approximately a few-week back-log we need to overcome.

It will take a few weeks to get back to normal, and we thank you for your patience during this time.

Again, we apologize for the delay and we will contact you once your withdrawal has been processed.

Best regards,

Mt.Gox Team
https://www.mtgox.com

[Attention: Please protect your account using OTP to ensure that your funds are safe and secure. Failing to do so makes your information vulnerable to hackers.
Please visit https://mtgox.com/security]

Dear Mt. Gox,

It would seem that my BTC to USD withdrawal to my local bank is taking too long that expected. Can I have my BTC back? Instead of waiting for 2 months and counting, I might as well continue trading here and increase my BTC amount.

James Support, Oct 08 07:27 (JST):
Hello,

Thank you for your email. As per your request, we have cancelled your withdrawal and the funds are credited back to your Mt Gox account. Sorry for the inconvenience that this may have caused. Mt. Gox trying to form a relationships with several new banking partners both in Japan and around the world, and we are still in the process of finalizing even more. This means that we will have increased stability and ability to transmit withdrawals going forward. Once the withdrawal issues gets resolved, an announcement will be posted on our Mt Gox website. Kindly check our webpage for any latest updates.

Best regards,
MtGox Team

The price indicator alone on Mtgox should tell you there is a problem on fiat currency withdrawal.

If there is no issue, everyone would be doing arbitrage and the 100 usd price difference will disappear.

I had USD stucked in Mtgox for over 3 months from June to September, until I finally bite the bullet and buy bitcoin there and sell elsewhere to withdraw.

Really depend on when and how you see things.

A month or two ago, the price on btcchina is more accurate. A small group of Chinese citizen were able to do arbitrage and capture all the price difference between exchanges around the world and btcchina. The profit is over 40% and they are using 2-4 million USD per cycle (you can do 2 arbitrage per week if you find a way to change RMB to USD). It is a matter of time before the price around the world caught up with China.
BTC-e do not have as much trust to me compare to bitstamp. So I will use bitstamp price as an indicator for btc value.

Two months ago on bitstamp BTC withdraw. Normally less than 15 mins on sending out btc, then the confirmation take it normal times.

The only time I have issue on bitstamp btc withdrawal is when someone used up their hot wallet. This is when people still doing arbitrage between bitstamp and btcchina.
www.bitfinex.com is what I used now.

Haihhh so tempted to buy a 280x or 290 and that riser to mine on two cards.

If mine on 280x and hd7870 and the same computer, will it cause problems on cgminer?

i thought using cgminer will able to run all thread ?  i got 3 card running for all my miner

  ah.. okay so i do need program to mine... but i have 2 R9 290X one is inside system another for sale...