yes you can do that..   and you are leaving out the value of the gear.  the gear has resale value.


So 1 share at 130usd  at 600 usd  btc is     .217 btc.

pay that.  and in 1 year  1 btc = 1200    so  you have  260 usd / .217 btc


buy a share for .217 btc  and in 1 year earn .200 btc  then sell the gear for .1 btc you have .3btc    at 1200 = 360       

the problem with thinking in btc roi   is you use 1 path to profit and leave out hundreds of other paths.

This is not to say that buying 10 btc from coinbase today at 6k stashing it in a safe wallet for 2 years completely ignoring it is a bad move.   It is a simple 1 way 1 method choice to making money in the world of btc.

 Buying a share here is more complex. Doing both is more complex.  doing that  plus selling some gear on ebay  and mining in your home along with setting gear up for local friend if far more complex.  This is my limit.  Others do all of that and write programs for mining and others do all that and write programs for new coins. 

A question to SSB do you have any 49 port hubs?  

   I would take one  or two and buy a label.  what label do they need? I sent a pm thanks!

you need to be hardwired to the net and do you have a 1000 or a 100 ethernet connection?

http://www.newegg.com/Product/Product.aspx?Item=N82E16833127399  a 100 top speed


http://www.newegg.com/Product/Product.aspx?Item=N82E16817111039   a 1000 top speed.


  those are switches.  most homes are

 router-----switch     so the router needs to be 1000 speed as does the switch

I believe we are still in for feb.

 yeah and btc has had predictions of 40000 usd a coin

http://mashable.com/2013/12/16/cameron-winklevoss-bitcoin/

so place your bets.

Buying in on r17 means you hope diff is not insane  it is 1180 mill  and you hope btc shoots up. it is 620 usd.

Frankly a roi in btc means nothing . case in point btc was 105 in sept I grabbed 1 coin.  it is now worth 605.  1 btc in 1 btc out.  105 usd in 605 usd out.
I grabbed a coin on NOV 28th  1152.. so 1 btc in 1 btc back.  1152 usd in and 605 usd out. 

so playing this r17 is a guess at   diff vs btc price.
we all know diff will rise we do not know what btc price will do.

1)if we get miner in late feb
2)if they work
3) if the coop is honest
4) if the place does not get robbed or burn or flood earthquake yada yada yada
5) if diff is okay and not endless streak of 30-40%
6)  and if we move closer to the high end number of 40,000 a coin
7) if what ever I missed does not jump up and fuck the coop.

For me I have   10 shares of this and may buy some more.

below is an example of a no btc roi yet a huge usd roi


http://www.dzminercoop.com/?page_id=124


 so if you had a time machine  what person would tell me that they do not want 10 shares here and it is a  failed  investment.

  BTW  I do know people running  saying this is the case.


So if a stick here cost .09 btc which is about 58 usd.. at 644 a btc   and

 in 1 year it makes .04 btc back at  at 2000 usd you net 80usd.

 much like what happened in dzminercoop r5+r6   a btc loss and a usd gain.  

_______________________________________________________________________________ _______________________
any one that says these sticks will not make a gain/roi in usd may be correct or may be wrong.  = fact

 for determining  tax owed btc roi has no meaning  in any country in the world as of today = fact

my first example of buying btc then buying sticks then selling all of them on ebay . with no mining at all has a different set of tax rules.    and buying and selling sticks with 0 mining is easy to do when compared to buying and selling s-1 units with no mining.

I can also say many people can run 2-6 sticks power free they can not run a s-1 power free.

If you want 50 sticks to mine in one location this deal sucks go buy  a few cubes or an s-1.

  I am getting 50 to 100 sticks   and mining with some and selling some.  It will work for me and anyone like me.

that is because you have not wrapped your mind around roi. in every country in the world that charges tax the income is generated in the fiat of that country.   You are talking in roi in terms of btc and in every country in the world that charges taxes  btc has no place in the determination of the roi of the gear.

As I type right now 10 btc on coin base is 6441 usd .  as I type .  now you need to understand tax law.    but here it goes  I buy 10 coins at 6441 usd I get 111 sticks my roi is not 10btc to the usa/irs it is 6441 usd  .  I sell all the stick on ebay at 200 usd a set of 2 that is 55 sets at 200   thats 11000 usd.   ebay pay fees are 7% or 770  you are down to 10230.  shipping is 330 you are at 9900  minus the 6441 you paid your profit is  3459 usd.   btc has no meaning just usd.

 now you are an ebay buyer.  you buy 2 sticks for 200.  you get a few discounts you pay 180 for the 2 sticks.

  you mine 3.2 gh earns  .0095 btc in  a week    if you cash the coins in you get  6 bucks. at 644 a btc

 you are down 174 after one week. next week diff goes up and you earn .009  and btc shoots to the moon 3000 usd that is 27 dollars you are down   147 after 2 weeks.  btc stays in the 2000 to 4000 usd price range all of 2014.   those sticks turn a usd profit  they do not turn a btc  profit.   

oh but  if you purchased coins in the beginning  you would have made more .  this is not a valid argument.

mining and selling coins as they come in is a completely different tax category then buying coins and holding them long term.  they have different tax  laws and they have different risk factors.

  Sweet

  FIAB!!

 Although I think it is going to stay fixed this time.

Well if you don't hold coins coinbase has a 10 btc limit.   So If I found 4 guys with 9 coins each i would be the 5th letting me buy at the .09 price.  I can make money at .09 a stick if I buy at 625 a coin  it comes to  56 or 57 a stick.  I can get 95-115 on ebay no problem.  Sell sets of 2 sticks ship in a small flat rate box.      sell off  60 sticks and keep 40.    This bombshell makes it  a lot harder for me. To set up and decide how many.

To any one that thinks the s-1 is a better deal it is if you feel like having 1 big piece.  

For many ebayers buying a  3000 or 4000 dollar unit is scary.  buying 2 sticks at 200 seems easy.

For an ebay seller selling a set of 2 sticks for 200-220 is far safer to do.

I prefer many  sales of 2 sticks to 1 sale of a s-1 unit.  

I trust BFL.

Now and forever.

  I am attempting to set the all-time record for no gear. I am closing in on 300 days . My Money was sent in March of 2013 I got nothing so far. Fulll disclosure I converted my order from 2 jallys to a 50th cloud order. Due in feb of 2014 that will make 11 months .  I hope that they open their cloud in June putting me into the 450 day range.

okay if I get 10 btc will you sell me any?

   they are lifetime  contract you own a part of the machine.
 when they sell them you off you get a part of the sale.  
so far they have been good to me and a lot of other people.  

  as to whether it will make money ??  remember in 2 days coins could be at 100 usd  or 1000 usd.  no one knows the price of the coin when these mine in feb.

no here is why


http://www.butterflylabs.com/monarch/  cost = 4680 for 600 gh you need a pc and you must supply power to run it.

 ignore genesis block link posted below.


 more  on why it is not a good deal

this deal is insanely better

https://bitcointalk.org/index.php?topic=335145.0

40 gh for 130 usd or 640 gh for 16x 130 = 2080    no pc no fuss no muss… s

 so 600 gh for 4680  from a company that has a terrible rep

or 640 gh for 2080  from a company that has a good rep.

  both gear arrives in feb.

 Back to genesis block info.    It can not be accurate long term predictor of btc price.    It may or may not be a good predictor of difficulty rate adjustment.

  

and no mater what it predicts   .  the dzcoop deal is less then half the price for more hashpower then the Monarch both  due the same month.

disclosure I have 10 shares of r17 or 400gh   ---------------------1300usd>>>>>>>>>  due to start in feb

I have 11 shares of r9-r12 or 88 gh---------------------------------1353usd>>>>>>>>I cashed out   2120 usd so far

I have 19 shares of r5-r6 or 110 gh   all from dZcoop-------------1482usd >>>>>>>> I cashed out 3683 usd so far

I have 1 share of r1 from them also. 192  --------------------------192usd>>>>>>>>>>dues to start in jan

some off topic but very good news.

http://www.coindesk.com/overstock-unveils-more-details-bitcoin-adoption/ 


  if this goes well btc will stick around for years to come.

Hash rate dropped to  3.476   th from about 4th

 the part that dropped is the large worker  that is the black arrow part  it was pushing 3.4 it is now doing 2.85.

I missed the drop As I was busy from 8 am sat to 12 noon sun.      while 3.476 is a bit more then the minimum we were promised.  what concerns me is the section that dropped is the black arrow part.   hoping it gets solved today.

  It concerns me  if it keeps occurring because  dZcoop myself included has a lot riding on black arrow gear in r17 due in feb.  I do not want  black arrow to me known as the ''Fiat" of asic's      I am of Italian descent  so I can say Fiat = Fix it again Tony.  

 Although for us it has been Fiab =  Fix it again bob.

no .     if you have a standalone psu it needs to think it is attached to a motherboard and that you pressed the on switch.   that is what the plug does.


this is true of many psu.  but as I found out my highest quality psu's  my platinum seasonics  did not work even with the tricky little plug attached.


the cheaper quality "everest 85plus 800" was great  with the cheater plug

http://www.newegg.com/Product/Product.aspx?Item=N82E16817104084

I had buyers waiting on these four cubes and since the post office was 2 days late I did not try every psu I have on them. I will test the next set I get more thoroughly.

I  found out it is picky about the internal fan. hates noctua   has to have a 3 pin fan.   so far this one is best.


http://www.amazon.com/Coolink-120mm-1200RPM-18-2dba-SWiF2-1201/dp/B002IG5HJ8/ref=sr_1_4?s=electronics&ie=UTF8&qid=1387690947&sr=1-4&keywords=coolink+swif2

  runs quiet .  

I put this on the outside of the 4 I have

http://www.lowes.com/pd_95021-1621-3733_0__?productId=1114391&Ntt=20+inch+fan&pl=1&currentURL=%3FNtt%3D20%2Binch%2Bfan&facetInfo=

end of story dead cool  set the electric on low. quiet and the yellow fans look pretty.

pretty much hit or miss on the 3 pin fans.  do not use a noctua  it buzzs like a bee when you power down.  I sold all four that I ordered.  I am going to order 2 or 3  more on sunday.

 plug tricks the psu into turning on.   I do not know what power supply to tell you to use.  I do know now that  none  of my seasonics would work.

  yes ebay seller




http://www.ebay.com/itm/261237555407?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649   

 my psu did not need the resistor some do some don't.  I just snipped the resistor out.  I can use it in another place.