|
Title: Is it worth to invest in ASIC living in Europe? Post by: Rampion on February 09, 2013, 11:32:56 AM My cost per kWh is USD 0,23
I don't want to exchange BTC for FIAT, but to support the economy exchanging BTC for goods and services. I don't want to mine to make a profit, I want to get BTC, to use them supporting the economy. What I would like to know if it will be more cost-effective to mine BTC with a 60GH ASIC or just to buy them at the spot price. What would you suggest? Title: Re: Is it worth to invest in ASIC living in Europe? Post by: nobbynobbynoob on February 09, 2013, 11:54:04 AM Depends on a lot of variables that are at play when ASICs become available: network difficulty, exchange rate, electricity prices...
Title: Re: Is it worth to invest in ASIC living in Europe? Post by: cedivad on February 09, 2013, 11:58:59 AM If you live in iceland, yes.
Title: Re: Is it worth to invest in ASIC living in Europe? Post by: crazyates on February 09, 2013, 02:49:47 PM Buying a $1300USD ASIC guarantees you a steady stream of BTC. Who knows how fast that stream will flow in 6 months, but it will happen. Rather than buying a $1300 ASIC, you could just buy ~60BTC, but then you're got to take the market into consideration. What if the price drops from 22 -> 12 USD/BTC? Then you've lost money. If it keeps going the way it has been and increases to $30 by mid year, then it may be more profitable.
TL;DR I actually consider buying the hardware less of a risk. Title: Re: Is it worth to invest in ASIC living in Europe? Post by: Prattler on February 09, 2013, 05:21:13 PM Very good question!
Buying ASICs in EU means +20% VAT. Is there import tax, too? Electricity cost is also higher in EU than it is in other parts of the world. Please correct me, if I'm wrong! :) Title: Re: Is it worth to invest in ASIC living in Europe? Post by: matthewh3 on February 10, 2013, 06:57:38 PM Josh@BFL will host your BFL ASIC's for a small monthly fee saving you the 20% import VAT.
Title: Re: Is it worth to invest in ASIC living in Europe? Post by: Peter Jelinek on February 10, 2013, 09:01:41 PM Very good question! Buying ASICs in EU means +20% VAT. Is there import tax, too? Electricity cost is also higher in EU than it is in other parts of the world. Please correct me, if I'm wrong! :) Or i can help you to bypass that VAT and Import Taxes in EU for small fee ;) check my thread https://bitcointalk.org/index.php?topic=128790.0 |