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Is it worth to invest in ASIC living in Europe?
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Topic: Is it worth to invest in ASIC living in Europe? (Read 2146 times)
Rampion
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Is it worth to invest in ASIC living in Europe?
February 09, 2013, 11:32:56 AM
#1
My cost per kWh is USD 0,23
I don't want to exchange BTC for FIAT, but to support the economy exchanging BTC for goods and services.
I don't want to mine to make a profit, I want to get BTC, to use them supporting the economy. What I would like to know if it will be more cost-effective to mine BTC with a 60GH ASIC or just to buy them at the spot price.
What would you suggest?
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Re: Is it worth to invest in ASIC living in Europe?
February 09, 2013, 11:54:04 AM
#2
Depends on a lot of variables that are at play when ASICs become available: network difficulty, exchange rate, electricity prices...
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Re: Is it worth to invest in ASIC living in Europe?
February 09, 2013, 11:58:59 AM
#3
If you live in iceland, yes.
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Re: Is it worth to invest in ASIC living in Europe?
February 09, 2013, 02:49:47 PM
#4
Buying a $1300USD ASIC guarantees you a steady stream of BTC. Who knows how fast that stream will flow in 6 months, but it will happen. Rather than buying a $1300 ASIC, you could just buy ~60BTC, but then you're got to take the market into consideration. What if the price drops from 22 -> 12 USD/BTC? Then you've lost money. If it keeps going the way it has been and increases to $30 by mid year, then it may be more profitable.
TL;DR I actually consider buying the hardware less of a risk.
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Re: Is it worth to invest in ASIC living in Europe?
February 09, 2013, 05:21:13 PM
#5
Very good question!
Buying ASICs in EU means +20% VAT. Is there import tax, too? Electricity cost is also higher in EU than it is in other parts of the world.
Please correct me, if I'm wrong!
matthewh3
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Re: Is it worth to invest in ASIC living in Europe?
February 10, 2013, 06:57:38 PM
#6
Josh@BFL will host your BFL ASIC's for a small monthly fee saving you the 20% import VAT.
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Re: Is it worth to invest in ASIC living in Europe?
February 10, 2013, 09:01:41 PM
#7
Quote from: Prattler on February 09, 2013, 05:21:13 PM
Very good question!
Buying ASICs in EU means +20% VAT. Is there import tax, too? Electricity cost is also higher in EU than it is in other parts of the world.
Please correct me, if I'm wrong!
Or i can help you to
bypass
that
VAT
and
Import Taxes
in
EU
for small fee
check my thread
https://bitcointalk.org/index.php?topic=128790.0
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