Mt gox bitcoin exchange is bankrupt. 850,000 bitcoins lost.

[BeepBeep2]

Why were people putting their entire livlihood into a digital currency, some of whom no doubt paid little attention to the finer details? It's no better than investing heavily into the stock market. NEVER put all your eggs in one basket and never count the chickens before they hatch. Yea, they've lost out on the cost of electricity, at least the hardware can be sold on or re-purposed.

Bitcoin mining hardware can't be sold on or re-purposed. All the ASIC designs do is an SHA-256 hashing function.

Uh huh. So I deserved to loose the BTC I had in Mt. Gox because I'm a long-time-span BTC trader, and only made a trade every few weeks/months when the market had dramatic changes? Sorry I don't have the time to constantly troll the bitcoin forums.

Not saying you "deserved to lose" them, but I was under the impression that only idiots used Mt. Gox or kept a majority of their coins in an exchange platform. (Not saying you're an idiot personally...)
If you only made a trade every few weeks/months then you should have had your coins in cold wallet, not an exchange. A USB drive would have worked well for you.

[K404]

Bitcoin mining hardware can't be sold on or re-purposed. All the ASIC designs do is an SHA-256 hashing function.

Well, if users had arrays of 7990 (etc,) they can be sold off as gaming cards, or they could start mining on another server. They still have their hardware, the value of it did not suddenly go to 0.

[BeepBeep2]

Well, if users had arrays of 7990 (etc,) they can be sold off as gaming cards, or they could start mining on another server. They still have their hardware, the value of it did not suddenly go to 0.

However they are literally useless for the past 10 months for bitcoin mining.
Scrypt algo coins, yes but ASIC designs are coming soon Q3-ish

[paulbagz]

However they are literally useless for the past 10 months for bitcoin mining.
Scrypt algo coins, yes but ASIC designs are coming soon Q3-ish

You will see more Scrypt-jane and ScryptN coins then.

-PB