Show Posts
Even @ 90MH/s with free electricity and without difficulty increase it's 2-2.5 months of ROI.
I don't know whether to be amused or depressed by these sorts of statements. Name one investment opportunity that even comes close to returning your investment in such a short time. You do know that it is utterly absurd to complain that you have to wait a whole two or three months to earn your initial investment back? Because if you don't, you've got some *real* hard lessons awaiting you in life.Why people buy these things?
Ah yes, the "Why not just buy the equivalent in coin?" argument. Ok, let's say I buy 100 Bitcoin and I also buy 100 Bitcoin-worth of mining equipment at the same time. After three or four months, with careful management, I should be able to see that my miners have comfortably earnt that 100 Bitcoin back and are, albeit more slowly, earning extra Bitcoin on top of my initial investment amount, I have 100+ Bitcoin and growing.As for my purchase of 100 Bitcoin? Well that's still exactly 100 Bitcoin.
Wherever the market moves it will still only ever be 100 Bitcoin.
How about I just find this thread a month later and laugh at you? 
Absolutely. If things don't work out, you can come back to this thread and laugh at me for making the right decision at the wrong time.I agree with Cryptodevil. the interesting this is that if not all most miners are not math or finance guys, they are running the calculation based on the calculators provided by the websites that are out there. Let's take bitcoin for example
You can see people trying to unload their miners due to drop in cointerra prices but what they fail to realize is that even with this difficulty $/GH to break even is approx $2.35.
With that being said if you are putting your numbers into lets say the genesis block calc or the bitcoin wisdom or any other calculator you would prob find that you won't break even but numbers don't lie. Take it from some one who has done analysis of 1000's of transaction with forecasting budgets and profits. These calculators are prob 50% accurate and this is me being generous.
Don't be too eager to jump on the HAHA wagon, cause you never know. Plus this is an investment. the only reason why the hedge funds are jumping on this bandwagon is they have enough data know to run their analysis with resistance support and profitability.
Don't be surprise when you find a btc stock on the NASDAQ.
Another thing to consider is the multipool conversion. That itself will drive the market price up.
