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Author Topic: Did I miss the train or was it a smart move?  (Read 2664 times)
EzCheese
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September 02, 2013, 12:30:41 AM
 #1

Howdy all!

Looks like I'm stuck here until I earn my way out, so why not post some questions.

I was this close to buying a knc Mercury miner, but something told me to double check the numbers.  If anything, I want a quick ROI or it's just not a good investment to drop that much money on something.  Unfortunately, with all the difficulty/calculator simulators, the 100Ghz model will not make an ROI even if it's shipped by October.  I put faith in the difficulty predictions because of how many units knc has sold. 

Did anyone else feel this way and avoid buying anything ASIC at this point?  Right now I see it as profit if you were one of the lucky folks who mined early, bought bitcoins early, or even luckier if you got something from bfl.  Wink 

Right now I can't find anything that will make ROI, everyone is selling at double or quadruple the price for the 1st gen rigs.  I guess the only 2nd wave is if someone makes a scrypt miner and you're lucky enough to get on the pre-order list (and if they ship. 

Thanks,
EZ

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monbux
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September 02, 2013, 12:32:27 AM
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Smart move IMO.  Good Job, if you have that kind of money, you should try stocks or loans or something.

EzCheese
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September 02, 2013, 02:35:35 AM
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I was dazzled by the numbers, but once I put the difficulty in the mix it all seemed like a bad idea.  I think what made me re-re-think my choice is a few hours later the miner was sold out. 
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September 02, 2013, 04:08:01 AM
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ASICs are no longer the magical money printing machines they used to be. You made the right choice.
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