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Old Oct 15, 14, 4:18 pm
  #14  
aegistar
 
Join Date: Feb 2013
Posts: 14
Originally Posted by Anthonyf953 View Post
I know very little of the complexities of Bitcoin, but one of my friends invested a few thousand into a miner. He only used it a month and in that month racked up an electricity bill of $600 + . So for me this is a no go for MS.
Yes that's the horror story of hardware miners. The difference in the product here is you are buying a share of a miner that is hosted by the company. There are maintenance fees (at $0.08 per hashlet) and there are guarantees of profit (ie if for some reason payout < maintenance fee, you won't be paying extra).

So the key here is that they are hosting the hardware and taking care of it. You will not rack up that electricity bill.
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