Bitcoin Forum

$1250 in bitcoins or Butterfly Labs' 25 GH/s Bitcoin Miner which you won't receive until July? Will mining even be economical in July with the exponentially rising mining difficulty, soon to be exacerbated once ASIC hits the ground? How much do you expect mining difficulty/bitcoin value to increase by July?

I would buy the coins.

BFL doesn't look like it's going to put out in any reasonable amount of time.

I agree with WishIStartedSooner.

BFL have failed miserably it seems and they don't seem to be doing any better.
They've recently failed to meet the minimal requirements and have changed the stats of their equipment.

Bitcoins, I'm still not sold on ASIC.

Don't sell you house doing so, but bitcoins easily over trusting BFL.

The coins, easily.

The coins, that's a no brainer question.

Up to about a week a go I did my math regarding miningh hardware with cumulative hashrate rises of 10% every two weeks, I have since then upped that nubmer to 15%. The other, more difficult factor is bitcoins exchange rate.

i was in a similar boat, what i did was i bought the bit coins and then the cheapest miner, a jalapeno.

Thing is are you doing it to make money (short term cash) or bitcoins (long term investment in the currency itself)?
if thats the case buying the bitcoins now and riding the wave and selling them back for money is your best option.
but if your keen on bitcoins in the long term, id say mining is a good way to go!

That being said that is alot of money for a miner you probably wont get anytime soon.

What i did was bought a small amount of coins, and the BL jalapeno!

You could also find a friend that you like and trust, have him/her go on half for an Avalon rig with you, and then whatever money you both have left over spend them on some coins.

I would take the coins, due to most of the reasons above. Trying to mine for bitcoins was a real pain (for me at least), and it barely returned. With exponential difficulty and reduced reward (as far as I know), the coins would probably be more useful in the short-term.

Don't forget the energy cost.

I've had 3x Jalapenos on order with them for a long time now. I am starting to wonder if my BTC were wasted.

Bitcoins!

Go for coins.
BFL guy have apparently been convicted for fraud or similar before, so I would buy anything from him... once a scammer, always a scammer.

I would go for the coins too.

Disagree. Go for the BFL box. Take a chance.

Bitcoins - BFL will not deliver!

I love bitcoins!~

Since Asicminer and Avalon have working ASICs, and BFL does not as far as I know, I would prefer to buy the coins and then save up another $1250 and invest it in BFL once they have a shippable product.

bitcoins fo sho

byeee

I would keep it in CA$H. The price of bitcoins is at an all-time high and sure to drop in the short-term. Then would be a good time to buy. I've studied stock markets in the past and am planning on releasing a weekly review and will give targets. BFL has delays and missed deadlines and there's no telling their current status.

its funny , this reminds me of ...  " if there is a gold rush , u should sell shovels !!"

but not on BTC !!! .. buy them coins ..  :)

cheers

and if a chick don't put out within a reasonable amount of time, you ditch her and move on to one of her friends who does...

actually, if there was a gold rush, I'd be selling guns. Gotta keep them claim jumpers from bushwhackin' ya.