Its Amazing but when you look at all the ASIC's available (Or soon to be).....

[Kuroth]

There is only ONE 3 Miners(Made by the same company) that will be profitable for their customers..

Why are all of you buying these other ASIC Miners???



http://mining.thegenesisblock.com/

[1714680521]

1714680521

[1714680521]

1714680521

[n4ru]

>ASICs
> profitable
huehuehue

[GenTarkin]

There is only ONE 3 Miners(Made by the same company) that will be profitable for their customers..

Why are all of you buying these other ASIC Miners???



http://mining.thegenesisblock.com/

greed dude, simple as that, only reason bitcoin exists period =)

[TsuyokuNaritai]

There is only ONE 3 Miners(Made by the same company) that will be profitable for their customers..

Why are all of you buying these other ASIC Miners???

http://mining.thegenesisblock.com/

Because there's a big difference between immediately and hopefully in a couple of months. Anyone who doesn't appreciate that difference is asking to get ripped off.

Something that doesn't ship immediately might still be a better deal, but you have to take into account how much the difficulty is likely to rise, and how likely you are to even get the machine at the time advertised given the history in this area.

[BBQKorv]

What 3 miners do you mean?

[tempestb]

Many of these devices will make a return, they are just a long way out and may not return in a single year.  That's still not a bad investment vs other investments you can make.  That depends on power efficiency and what you pay for power, mostly.  (Various added costs, such as cooling and space)

[ujka]

...all the ASICs available...
Where?!?

[tymothy]

That's still not a bad investment vs other investments you can make.

It totally depends on the increase in power of the total network. If the total hashing power increases by 10 or 100-fold a year (20 fold increase in the last year), many miners will never break even. And if they do break even if the price of bitcoin spikes, it's still quite possible it would have been a better to put money spent on rigs into bitcoins at the start of the period instead.

The real question people looking to buy an ASIC should ask themselves: "Do I think this will generate more bitcoins over its lifespan than I would by buying bitcoins right now with the money I would spend on equipment and power costs?" Because if BTC is at $100 and a rig is $5000 and you don't think you'll ever generate 50 BTC with it (plus enough to cover power), there's not much point, even if you think 50 BTC might eventually exceed $5000 in value.