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So is the group consensus that no hardware is worthwhile buying right now unless it is 0.01BTC/GH? or 1.8BTC for the current AntMiner?
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I agree with your argument if we strictly live in a world of bitcoins. But we don't. And isnt BTC suppose to go to the moon anyways?! spend 3BTC assuming 1BTC = $800USD today. get 2BTC in 3 months. But we all know nothing but up for BTC so I say BTC will be $2000USD then. Profit is $1600USD since I got to convert to buy food since Krogers doesn't take BTC as payment. How come no one uses this kind of logic?!
My point is that given all the posts with group buys, are any worth buying?? Those USB sticks are selling for what 0.09BTC per stick yet folks still buying. We got posts for shares in hardware that doesn't even exist yet. Is that worth investing in?
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Wow, the analysis seen here is amazing. Surprised JP Morgan hasn't picked up some folks to work on Wall Street. First flaw I'd like to point out is assuming BTC will be at its current rate till March. That just silly. Second obvious flaw is to assume the hardware is worth $0 come March. I get that difficulty increases but with conclusions derived from this thread, why even bother mining at all?!
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local sellers want way too much of a premium in my area. its not like there is any physical delivery like with precious metals?!
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