grue
Legendary
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Activity: 2058
Merit: 1431
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October 10, 2013, 12:41:17 AM |
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+1
this is my angle its not just about the ROI , im part of this movement that the whole world is starting to really talk about . i believe the price of bitcoins will rise to a crazy level and i will get my return as i keep mining away generating bits of a bitcoin.
if America defaults on the 17th watch the price of bit coin go up 1000%
or you can buy the equivalent bitcoin now for a lower price. no hardware cost, no need to maintain machines. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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fattypig
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October 10, 2013, 12:43:13 AM |
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Not that I disagree with the Op but he did not mention the scenario where the price has a steady increase or even new spike which would give people ROI at least in the short term.
Hardware cost is mentioned but not the price of bitcoin.
Well, when we talk about ROI normally we don't factor in price increase of Bitcoin. If we do, we might as well buy Bitcoin and do nothing. |
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amencon
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October 10, 2013, 07:08:09 AM |
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Not that I disagree with the Op but he did not mention the scenario where the price has a steady increase or even new spike which would give people ROI at least in the short term.
Hardware cost is mentioned but not the price of bitcoin.
Well, when we talk about ROI normally we don't factor in price increase of Bitcoin. If we do, we might as well buy Bitcoin and do nothing. Yep. Think of mining as buying BTC and receiving them sometime in the future. I'll offer anyone the same deal as a miner that won't mine as much BTC as it costs in it's lifetime. You give me 10BTC (think of this as the cost of your miner) now and in 1 month (or 3 months or 6months, whatever, you choose) I'll give you back 9BTC (the lower BTC return of miner equivalent). Heck I'll even let you pay me in USD, that way you might ROI on the "investment", right? Hah. |
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Keyser Soze
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October 10, 2013, 06:29:04 PM |
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Yep. Think of mining as buying BTC and receiving them sometime in the future. I'll offer anyone the same deal as a miner that won't mine as much BTC as it costs in it's lifetime. You give me 10BTC (think of this as the cost of your miner) now and in 1 month (or 3 months or 6months, whatever, you choose) I'll give you back 9BTC (the lower BTC return of miner equivalent). Heck I'll even let you pay me in USD, that way you might ROI on the "investment", right? Hah.
I've made a similar offer in the past, but sadly no one took me up on it.  |
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amencon
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October 11, 2013, 02:34:04 AM |
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Yep. Think of mining as buying BTC and receiving them sometime in the future. I'll offer anyone the same deal as a miner that won't mine as much BTC as it costs in it's lifetime. You give me 10BTC (think of this as the cost of your miner) now and in 1 month (or 3 months or 6months, whatever, you choose) I'll give you back 9BTC (the lower BTC return of miner equivalent). Heck I'll even let you pay me in USD, that way you might ROI on the "investment", right? Hah.
I've made a similar offer in the past, but sadly no one took me up on it. Yeah I suppose you have to put more lipstick on that pig of an investment. Guess that's why I'm not a sales guy. |
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wpgdeez
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October 11, 2013, 04:00:24 AM |
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Its anybodys guess and there are lots of scenerios and room for speculation. Lets say BTC goes to $1000 or $10000, you may be priced out of the market to buy coins now but that old miner of yours will be churning out valuable cents still.
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Puppet
Legendary
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Activity: 980
Merit: 1040
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October 11, 2013, 06:41:37 AM |
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Its anybodys guess and there are lots of scenerios and room for speculation. Lets say BTC goes to $1000 or $10000, you may be priced out of the market to buy coins now but that old miner of yours will be churning out valuable cents still.
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