Decided not to buy Cointerra (May batch)

[reanor]

So I was pondering this for a while now and decided not to get into debt and not to reserve one.

Bitcoin difficulty has grown exponentially during last couple of years. More and more powerful devices are released with faster hashing speeds, but I think that ASICs made it all so much worse. I believe by the time May batch is released difficulty of the btc will be in a 10 billion ballpark. And thats about $2.000 a month profit if even that much. For some its a lot. But considering that you have to invest a lot in the first place and you will have to run that thing for 3 months to get your money back, and considering that difficulty will increase even more I don't believe its worth it in the long run.

What I am thinking is to focus on Scrypt for a few months and then see if they start taking preorders for next tier of BTC devices. Its possible that I'd rather pre-rder one of those next tier even faster toys.

Am I wrong in my conclusion?

[jongameson]

hey now.  it's a free market.  u can ALWAYS choose to buy the coins outright   

[AltorXP]

hey now.  it's a free market.  u can ALWAYS choose to buy the coins outright   

This would be a much better idea than mining script for profiting in the long-run 

[reanor]

hey now.  it's a free market.  u can ALWAYS choose to buy the coins outright   

This would be a much better idea than mining script for profiting in the long-run 

Yeah, but mining is more fun and you have options if specific coin values jump up and down you can always switch to more profitable coin. If you just buy a specific coin you are stuck to its value.

[sanos51ck]

Yeah, but mining is more fun and you have options if specific coin values jump up and down you can always switch to more profitable coin. If you just buy a specific coin you are stuck to its value.

Mining is not so fun anymore...

But if you think it is go ahead. Besides you need to define what is more important to you. Have some fun or make an economically sensible decision.

[AndrewGucci]

Choose fun if you don't need money