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Author Topic: Will people ever get their investment back on USB Erupter ?  (Read 1886 times)
lazydna
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June 19, 2013, 01:21:19 AM
 #41

USB erupter will never make ROI at this rate and escalating rate.
unless it's a novelty item, i'd try and sell at a loss and move on.

Birdy
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June 19, 2013, 04:55:12 AM
 #42

While I won't speculate either way on whether or not these are a good buy, pointing to the likely (much) higher future difficulty is only half of the equation.

A lot of people have already made an absolute killing on bitcoin by mining when others told them they were stupid because it wasn't profitable. A few years ago, when bitcoins cost a couple pennies each, people would run the same numbers and call those that chose to mine incapable of doing basic math.

Don't forget that a lot of people are mining today based on their own assumptions about the future price of cryptocurrency. Sure, the math doesn't look great based on ~$100 per BTC, but what is you assume bitcoin goes mainstream and hits $1000/BTC in a few years? There will only ever be 21 million coins, and it bitcoin becomes say, the internet currency of choice, then $1000 per BTC is quite a low estimate.
Those bad at math will still feel like having done a great deal then xD
papaminer
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June 19, 2013, 04:58:03 AM
 #43

well... i believe it can be used forever... unless it breaks down...

the positive part is that it consumes very little electricity...

btw... r u from sactown? coz i am too.. Tongue

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Lohoris
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June 19, 2013, 07:42:48 AM
 #44

While I won't speculate either way on whether or not these are a good buy, pointing to the likely (much) higher future difficulty is only half of the equation.

A lot of people have already made an absolute killing on bitcoin by mining when others told them they were stupid because it wasn't profitable. A few years ago, when bitcoins cost a couple pennies each, people would run the same numbers and call those that chose to mine incapable of doing basic math.

Don't forget that a lot of people are mining today based on their own assumptions about the future price of cryptocurrency. Sure, the math doesn't look great based on ~$100 per BTC, but what is you assume bitcoin goes mainstream and hits $1000/BTC in a few years? There will only ever be 21 million coins, and it bitcoin becomes say, the internet currency of choice, then $1000 per BTC is quite a low estimate.

that would be fine if the usb miners were purchased in dollars
it would be wrong anyway, since it would have been a better investiment to just buy BTC with those dollars.

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