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Topic: Newbie question on mining (Read 1397 times)
mc1225
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Former shitcoiner, former ICO maker and now a free
Newbie question on mining
September 12, 2013, 01:44:08 AM
#1
Why people is willing to sell money printing machines? I means those ASIC hardware providers.
vayvanne
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Re: Newbie question on mining
September 12, 2013, 04:27:40 AM
#2
Mining may be not profitable
My estimate is that miner should be cheaper than $8.4/GH to be profitable with current difficulty. Difficulty goes up, and estimate does not include hosting costs. And, miners are not available instantly for purchase.
So someones are puffing up miners bubble and I am expecting some boom in near future.
cparsley
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Re: Newbie question on mining
September 12, 2013, 06:18:54 AM
#3
I assume you mean bust (instead of boom)...
so is there any price ud get a usb anymore?
RChevalier
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Re: Newbie question on mining
September 13, 2013, 05:52:32 AM
#4
If you are referring to the individuals they are probably trying recoup hardware that will more or less be obsolete soon.
If you are referring to the small time resellers, they are just trying to sell some shovels while the gold rush still attracts some miners for a while.
If you are referring to the big companies, there is this thing called "pre-orders" where they can essentially take other people's money and get something made, then sell it back to them for more than what it cost to make, then keep the profit.
vayvanne
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Re: Newbie question on mining
September 13, 2013, 07:58:33 PM
#5
Boom happens when bubble blows
USB miners are cool gift not really targeted to be profitable.
btdir
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Re: Newbie question on mining
September 14, 2013, 05:04:18 AM
#6
is there a mobile miner?
rampantparanoia
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Re: Newbie question on mining
September 14, 2013, 05:06:52 AM
#7
Quote from: vayvanne on September 13, 2013, 07:58:33 PM
Boom happens when bubble blows
USB miners are cool gift not really targeted to be profitable.
no.. thats a bust.
http://en.wikipedia.org/wiki/Boom_and_bust
http://www.investorwords.com/7022/boom_and_bust_cycle.html
btdir
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Re: Newbie question on mining
September 14, 2013, 06:24:18 AM
#8
true
crescendo
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⇾
Re: Newbie question on mining
September 18, 2013, 12:03:06 PM
#9
it is right friend, I am agree with you..
Eternity
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Re: Newbie question on mining
September 20, 2013, 10:19:35 AM
#10
Things will get saturated someday or the other as difficulty rises.
Also whoever sells those miners dont deliver hardware's instantly they take your coins trade or do something to make more out of them and then deliver the requirements after months of waiting.
They simply make money from yours
Datto
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Re: Newbie question on mining
September 20, 2013, 06:07:13 PM
#11
Money chasing money !
polarhei
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Firing it up
Re: Newbie question on mining
September 21, 2013, 01:34:16 PM
#12
Quote from: vayvanne on September 13, 2013, 07:58:33 PM
Boom happens when bubble blows
USB miners are cool gift not really targeted to be profitable.
Big miners, there are many lies around them even kncminer claims it is not. Asicminer is currently trustable, the price tag is lowered if you ask wholesale
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