Newbie question on mining

[mc1225]

Why people is willing to sell money printing machines?  I means those ASIC hardware providers.

[vayvanne]

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]

I assume you mean bust (instead of boom)...

so is there any price ud get a usb anymore?

[RChevalier]

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]

Boom happens when bubble blows
USB miners are cool gift not really targeted to be profitable.

[btdir]

is there a mobile miner?

[rampantparanoia]

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]

true

[crescendo]

it is right friend, I am agree with you..

[Eternity]

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]

Money chasing money !

[polarhei]

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