2013-04-23 Wired Magazine - Inside the Race to Build the World’s Fastest Miner

[13Charlie]

http://www.wired.com/wiredenterprise/2013/04/bitcoin-mining-rigs/

[kjlimo]

Read it quickly, but seems like a fair description of the situation.

The thing "angry" people keep forgetting or losing sight of is their order is currently valued at $20k and they paid $1,300....

Granted we haven't realized any of that increase in value; however, had we received our machines back in October, they may have been worth $5k or $7k...

It's odd to think about and granted the price could come crashing back down and we'll end up with $0 (not likely, but possible); however, the delay in shipping means we're getting our machines when they are worth more.

Would we have been able to hold on to our bitcoins long enough to see the price spike of $250?  Probably not all of us.  Will we get them before the price falls back down?  Who knows, but I'm betting on yes, which is why we need to realize we're all still likely going to make a decent return.

Besides... who wants USD anyway?

[odolvlobo]

It seems like Wired publishes a bitcoin article every other day now. I'm still waiting for the "Bitcoin Tired? Boy, Did We Get That Wrong!" article.

[The-Real-Link]

Yeah that's what I've said too.  I mean for those of us who are getting miners for the money (which, face it, is 99% of us), we could've had our BFL products oh, sometime last year, making a whole $5-7 a coin or so.  Now that yes, would've been fantastic but I am thinking look on the bright side.  Anyone getting their units today is looking at far far higher prices per coin than probably they had dreamed of, even if we're making fewer actual coins. In this way, as long as you're order 15xxx, I don't see why you wouldn't be able to pay off your investment.

Good article and overview.  Thanks.