Bitcoin Forum
July 18, 2018, 03:20:18 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Did I miss the train or was it a smart move?  (Read 2680 times)
EzCheese
Full Member
***
Offline Offline

Activity: 138
Merit: 100


View Profile
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

1531927218
Hero Member
*
Offline Offline

Posts: 1531927218

View Profile Personal Message (Offline)

Ignore
1531927218
Reply with quote  #2

1531927218
Report to moderator
1531927218
Hero Member
*
Offline Offline

Posts: 1531927218

View Profile Personal Message (Offline)

Ignore
1531927218
Reply with quote  #2

1531927218
Report to moderator
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1531927218
Hero Member
*
Offline Offline

Posts: 1531927218

View Profile Personal Message (Offline)

Ignore
1531927218
Reply with quote  #2

1531927218
Report to moderator
1531927218
Hero Member
*
Offline Offline

Posts: 1531927218

View Profile Personal Message (Offline)

Ignore
1531927218
Reply with quote  #2

1531927218
Report to moderator
1531927218
Hero Member
*
Offline Offline

Posts: 1531927218

View Profile Personal Message (Offline)

Ignore
1531927218
Reply with quote  #2

1531927218
Report to moderator
monbux
Legendary
*
Offline Offline

Activity: 1652
Merit: 1018


Offering secure escrow services since 2014/ On Brk


View Profile WWW
September 02, 2013, 12:32:27 AM
 #2

Smart move IMO.  Good Job, if you have that kind of money, you should try stocks or loans or something.
EzCheese
Full Member
***
Offline Offline

Activity: 138
Merit: 100


View Profile
September 02, 2013, 02:35:35 AM
 #3

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. 
b!z
Legendary
*
Offline Offline

Activity: 1582
Merit: 1006



View Profile
September 02, 2013, 04:08:01 AM
 #4

ASICs are no longer the magical money printing machines they used to be. You made the right choice.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!