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Author Topic: ASICs are Over priced  (Read 4982 times)
DoomDumas
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June 02, 2013, 06:04:29 AM
 #81

What are you shitting. An erupter blade is 13 GH for 50btc delivered globally within 3 days. ROI is 120-180 days depending on when you bought.

1 Avalon batch 2 cost was 55 BTC for 66+ Gh/s.

Ok, Avalon are/where not delivered as fast as AsicMiner, but I'm looking at it for the long run !

50 BTC for 13Gh/s seems very expensive, well too expensive, from my point of view.

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June 02, 2013, 06:46:12 AM
 #82

The prices are somewhat relative. The market rate is what it is, people were happy to pay for them, so I don't think they were too expensive. Think it is also more fair to just measure it from solely a Bitcoin cost perspective, not fiat.

When the 2nd gen ASICs come along, it'll be a much more level playing field, such more likely as it is with GPUs. More available, cheaper...  In the 1st gen there are many more risks but the pay out is larger if it works out... judging from a price-performance comparison between GPUs and ASICs the numbers speak for themselves...much more efficient and cheaper.

Also worth mentioning is that a person currently is not only limited to buying their own larger ASIC, to benefit from this tech. They could alternatively invest in dividend paying mining operation stocks, such as asicminer and basic, to benefit from ASICs to whatever amount they want.

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DPoS
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June 04, 2013, 02:02:12 AM
 #83

There is a lot more than just ROI in this sport of kings

big players much rather mine coins than buy them since they can avoid the money trail

especially if they can use their current btc to get more miners

avoiding exchange fees, taxes, etc

with this in mind, even negative ROI still has its benefits

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June 04, 2013, 02:10:51 AM
 #84

big players much rather mine coins than buy them since they can avoid the money trail

Having an IM4 (IMA, C88) document generated by customs when importing ASIC equipment is much more of smoking gun
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June 04, 2013, 02:44:59 AM
 #85

Then stop complaining. I had £12 in my bank account. Was bored, started my own £1M company at 13. Do something about it other than complain. In either case, why do we have to hear the QQ?


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Paying for college: 15UhE4x7d1hD2o2YKCcdddzuhymsTKdeuz

Ah internet...

In other news, ASICs are retardedly priced right now, but I blame the bitcoin community more than the manufacturers. ASICMiner is a perfect example, they publicly announced that pricing would be based on the auction results, and more or less true to their word, they were. The first batch auctioned for ~75BTC (more than a blade will probably ever make in its lifetime), Second batch went for 66 or so (see above). Third batch was priced-in at 50BTC and sold out the same day I believe? With a backlog of 140orders on top of their offering.

The third batch may or may not break-even or produce a tiny amount of profit, yet demand for them is so high it is as though they were batch 1 avalons (the price people are paying for a blade is roughly equivalent to what people are paying for batch 2 in-hand avalons, so don't try to say "oh but they ship now!").

So again, the community is at fault, too much capital, not enough sense. C'est la vie.

People shilled the heck out of those auctions  Wink

USB miners are probably better examples as they are also ridiculously priced but loads of them are sold too.

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DPoS
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June 04, 2013, 02:46:54 AM
 #86

big players much rather mine coins than buy them since they can avoid the money trail

Having an IM4 (IMA, C88) document generated by customs when importing ASIC equipment is much more of smoking gun

you are acting like miners are contraband..  not yet at least   Cry

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abdullahadam
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August 12, 2013, 05:05:20 PM
 #87

This calculator is pretty good
http://mining.thegenesisblock.com/

it is using past data to estimate difficulty and plot profit.  Currently its 43% increase for last 30 days
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