Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: sipak on January 05, 2014, 03:33:08 PM



Title: Historical analysis proposal: Mining vs. Buying
Post by: sipak on January 05, 2014, 03:33:08 PM
I don't if somebody has already done this, but I think it would be very interesting to see, in historical number analysis when buying mining hardware was actually better that buying bitcoins directly. For the purpose of analysis I would asume that the miner is a longterm believer in bitcoin, so he tries to accumulate as much bitcoin as possible and he keeps all revenue in bitcoins. When in history were miners better off than direct buyers?




Title: Re: Historical analysis proposal: Mining vs. Buying
Post by: TehoM on January 05, 2014, 09:45:03 PM
I've been keeping a journal and I'll post it here one day.
It's pretty extensive but very thorough and quite interesting.  YOu can learn a lot from past mistakes in the Bitcoin-mining-world.


Title: Re: Historical analysis proposal: Mining vs. Buying
Post by: jimmothy on January 05, 2014, 10:21:48 PM
I am going to guess only knc and bitfury achieved ROI in terms of btc.


Title: Re: Historical analysis proposal: Mining vs. Buying
Post by: ScaryHash on January 05, 2014, 11:30:27 PM
I am going to guess only knc and bitfury achieved ROI in terms of btc.

Not really. If you think of it in terms of Zimbabwean dollars, everybody has made ROI !

 ;D ;D ;D


Title: Re: Historical analysis proposal: Mining vs. Buying
Post by: Entropy-uc on January 05, 2014, 11:35:55 PM
Avalon batch II had positive ROI in BTC.  Batch 3 was ~30% loss.

ASICMiner hardware had to be horrible losses, except perhaps some of the last batches of USB units.

I think KNC I was a loss, as well as bitfury. But I didn't buy those so I couldn't say.