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I have also researched it. One can spend a considerable amount of money investing in a mining rig but there is a problem. After ordering your non refundable mining rig, also called ASICs, you will have to wait 6 to 8 months or longer to get it. When you ordered your mining hardware you more than likely calculated your return on investment at the time of order, which probably showed a nice profit. After 6 to 8 months a recalculation will show little to no profit. Do what you want but I wouldn't advise wasting your hard earned dollars on it.
There are alternate crypto-coins being developed and released every few months or so and the numbers of new coins being developed are increasing. Each of these coins are touted as being the next big profit maker by their perspective developers and their value is based on a utility proposed by the developer. Upon release these new coins have a value based on percentage of the value of bitcoins.
For most of the new coins, utility doesn't bring the huge expected profits and lose value quickly. Many of these coin get put on a crypto-coin exchange were traders can buy and sell the coins for an amount of bitcoins, which is a way of indirectly acquiring bitcoins using another crypto currency. These alternate coins are sold for bitcoins to the point were they eventually become worthless and the exchange they are traded on discards them.
There is a lot of information concerning bitcoins and the people that made the biggest return on their investment were the ones who participated from bitcoins inception. Bitcoins maybe a good investment or a bad investment. IMHO they are just a fad and will fade and be forgotten.
Bitcoiniacs says it has ordered five Bitcoin kiosks from a Las Vegas-based company called RoboCoin and intends to roll them out across Canada in the coming months, with the first machine expected to land in Vancouver in early October.
Four more kiosks will arrive in December and although their locations are not yet certain, Bitcoiniacs says it's eyeing major Canadian cities such as Toronto, Montreal, Calgary and Ottawa.
"Basically, it just make it easier for people to buy and sell Bitcoins and hopefully will drive the adoption of Bitcoin, and make it more accessible for people," says Mitchell Demeter, the 27-year-old owner of Bitcoiniacs.
Bitcoins have value because people use them for gambling and buying illegal drugs. There are not many legitimate uses for them. Have not encountered any big retail merchants that accept them.