Bitcoin Forum
May 07, 2024, 10:23:15 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is it worth to invest in ASIC living in Europe?  (Read 2146 times)
Rampion (OP)
Legendary
*
Offline Offline

Activity: 1148
Merit: 1018


View Profile
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?


1715077395
Hero Member
*
Offline Offline

Posts: 1715077395

View Profile Personal Message (Offline)

Ignore
1715077395
Reply with quote  #2

1715077395
Report to moderator
1715077395
Hero Member
*
Offline Offline

Posts: 1715077395

View Profile Personal Message (Offline)

Ignore
1715077395
Reply with quote  #2

1715077395
Report to moderator
1715077395
Hero Member
*
Offline Offline

Posts: 1715077395

View Profile Personal Message (Offline)

Ignore
1715077395
Reply with quote  #2

1715077395
Report to moderator
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715077395
Hero Member
*
Offline Offline

Posts: 1715077395

View Profile Personal Message (Offline)

Ignore
1715077395
Reply with quote  #2

1715077395
Report to moderator
nobbynobbynoob
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


Annuit cœptis humanae libertas


View Profile WWW
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...

Earn Free Bitcoins!   Earn bitcoin via BitcoinGet
BTC tip: 1PKkvuwC24Vqjv9odigXs1QVzE66jEJqmb (if <200 µBTC, please donate to charity)
LTC tip: LRqXaNdF79QHvhPpS5AZdEJZnLiNnAkJvq (if <Ł0,05, please donate to charity)
cedivad
Legendary
*
Offline Offline

Activity: 1176
Merit: 1001



View Profile
February 09, 2013, 11:58:59 AM
 #3

If you live in iceland, yes.

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
crazyates
Legendary
*
Offline Offline

Activity: 952
Merit: 1000



View Profile
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.

Tips? 1crazy8pMqgwJ7tX7ZPZmyPwFbc6xZKM9
Previous Trade History - Sale Thread
Prattler
Full Member
***
Offline Offline

Activity: 192
Merit: 100


View Profile
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! Smiley
matthewh3
Legendary
*
Offline Offline

Activity: 1372
Merit: 1003



View Profile WWW
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.

Peter Jelinek
Newbie
*
Offline Offline

Activity: 27
Merit: 0



View Profile
February 10, 2013, 09:01:41 PM
 #7

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! Smiley


Or i can help you to bypass that VAT and Import Taxes in EU for small fee  Wink

check my thread
https://bitcointalk.org/index.php?topic=128790.0
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!