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Is a bitcoin miner only for bitcoin?


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Butterfly Labs is a scam.

The only cost to a miner is the device to mine with and the electricity bill. The first item is fixed, the second is variable. When your only have the fixed cost to consider, all you have to wonder about is how long you need to keep the device running before you get your money back. In other words, you could do this with a stack of Raspberry Pi's (very much *NOT* mining gear) and come out ahead.

Also, the concept of an ASIC is that it's a dedicated device. It's purpose-built for that specific task so chances are they can't do much of anything else.

Edited by Cooper
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