Are ASIC's worth the investment?

[skeeterskeeter]

I think the real question is when is someone going to find a polynomial time algorithm for hashing? I know I'm pretty close, I got out a piece of paper and pencil and started writing "down with exponentiation! down with ASIC's!"

[MajorMiner1]

My friend pre-ordered a 1.5ths rig from bfl in june 2012 for 4300 btc at 7$.... lol

his 4300btc today is now worth 113950$... He's got alot of mining to do, to make that back...

[sounds]

Exactly.

Every purchase is a tradeoff of lost opportunities. (Known as "opportunity cost")

Buying an ASIC might seem simple, but currently there aren't that many ASICs available. This complicates things.

Even speculating on the exchange rate of BTC to fiat currency is "not simple." Everything has a tradeoff.

[milly6]

I have done quite a bit of research on these ASIC's that Butterfly Labs is going to release here soon and my number one question is "Is it worth it?" Right now I am thinking yes. I believe that during the beginning phases of releasing these units will 1.) be beneficial to people who preorder and 2.) make the difficulty of mining sky rocket for those who do not own ASIC's. I am curious on what everyone else thoughts are on this.

As long as they come out they seem very much worth it at least for a while

[dpanter]

I say No.

[Skrivitor]

I say yes and no.  Which is a terrible answer.

Yes ASIC is worth it if you are interested in promoting Bitcoin and working in the Bitcoin ecosystem.

No, ASIC is not worth the investment if you plan to make a living from it.

Viva Bitcoin.

[veteranBtc]

My friend pre-ordered a 1.5ths rig from bfl in june 2012 for 4300 btc at 7$.... lol

his 4300btc today is now worth 113950$... He's got alot of mining to do, to make that back...

That's crazy!

[Fuzzy]

No

Yes

Maybe

[Aahzman]

My friend pre-ordered a 1.5ths rig from bfl in june 2012 for 4300 btc at 7$.... lol

his 4300btc today is now worth 113950$... He's got alot of mining to do, to make that back...

yeah, if he cancels his pre-order, he only gets $30k worth of BTC back (or about 1000).

No

Yes

Maybe

+1

[Fuzzy]

My friend pre-ordered a 1.5ths rig from bfl in june 2012 for 4300 btc at 7$.... lol

his 4300btc today is now worth 113950$... He's got alot of mining to do, to make that back...

yeah, if he cancels his pre-order, he only gets $30k worth of BTC back (or about 1000).

If he want's to cancel, he would be better off re-selling his place in line.

If you order a Mini Rig today, you'll be at LEAST 3 months behind anyone who ordered in June. He'll probably make it all back in that time period.