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Author Topic: No mining hardware is worth buying  (Read 14842 times)
rampalija
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October 29, 2013, 07:09:14 PM
 #101

you are right. I wish i invested my money tto btc instead of buying miners

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murraypaul
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October 29, 2013, 07:43:18 PM
 #102

Paying $18+ per GH today hoping someone dumber than you will pa $20 is well stupid.

I humbly disagree. Why is that stupid if the probability of that event is high? Current price on CEX.io (expressed in USD) is $22.64, currently I've put a buy order for all BTC I have there on $18.89. Many times already happens that I buy 5% cheaper and sell 5-10% more. Don't get why do you think my current buy order is stupid?

Why not go to Crypsty, if what you want to do is trade?
The difference with cex ghash shares is that they are guaranteed to fall in value, in terms of the BTC/day they generate.
Price may not have caught up with that fall in value yet, but eventually it must.

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rampalija
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October 29, 2013, 09:19:13 PM
 #103

Paying $18+ per GH today hoping someone dumber than you will pa $20 is well stupid.

I humbly disagree. Why is that stupid if the probability of that event is high? Current price on CEX.io (expressed in USD) is $22.64, currently I've put a buy order for all BTC I have there on $18.89. Many times already happens that I buy 5% cheaper and sell 5-10% more. Don't get why do you think my current buy order is stupid?

Why not go to Crypsty, if what you want to do is trade?
The difference with cex ghash shares is that they are guaranteed to fall in value, in terms of the BTC/day they generate.
Price may not have caught up with that fall in value yet, but eventually it must.


so it is not profitable to be short and not to discuss Smiley

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October 29, 2013, 10:42:51 PM
 #104

Paying $18+ per GH today hoping someone dumber than you will pa $20 is well stupid.

I humbly disagree. Why is that stupid if the probability of that event is high? Current price on CEX.io (expressed in USD) is $22.64, currently I've put a buy order for all BTC I have there on $18.89. Many times already happens that I buy 5% cheaper and sell 5-10% more. Don't get why do you think my current buy order is stupid?

Why not go to Crypsty, if what you want to do is trade?
The difference with cex ghash shares is that they are guaranteed to fall in value, in terms of the BTC/day they generate.
Price may not have caught up with that fall in value yet, but eventually it must.

What's wrong with a little trading? + I like the idea of a mining while trading. You can't have that on Crypsty. + I like the idea of determining the real price of GHs, and exchange is the right place for that.

And what's the problem trading with something that's guaranteed to fall in value? There are million things that are guaranteed to fall in value and people trade with them all the time.
high110
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October 30, 2013, 03:10:12 AM
 #105

Paying $18+ per GH today hoping someone dumber than you will pa $20 is well stupid.

I humbly disagree. Why is that stupid if the probability of that event is high? Current price on CEX.io (expressed in USD) is $22.64, currently I've put a buy order for all BTC I have there on $18.89. Many times already happens that I buy 5% cheaper and sell 5-10% more. Don't get why do you think my current buy order is stupid?

Why not go to Crypsty, if what you want to do is trade?
The difference with cex ghash shares is that they are guaranteed to fall in value, in terms of the BTC/day they generate.
Price may not have caught up with that fall in value yet, but eventually it must.

What's wrong with a little trading? + I like the idea of a mining while trading. You can't have that on Crypsty. + I like the idea of determining the real price of GHs, and exchange is the right place for that.

And what's the problem trading with something that's guaranteed to fall in value? There are million things that are guaranteed to fall in value and people trade with them all the time.

I guess you just have to watch every 10 days or so...to make sure your ROI outpaces the fall in value... As the next stage of ASIC miners come into play...it should fall down to .05 GHS.... at some point, they will need to start selling them in THS =)
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October 30, 2013, 12:57:06 PM
 #106

Right, lets buy mining equipment!

1+1=-10

Actually....
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October 30, 2013, 02:42:22 PM
 #107

There is, just wait until the ASIC war is over and the difficulty stay the same Smiley
rampalija
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October 30, 2013, 02:43:54 PM
 #108

There is, just wait until the ASIC war is over and the difficulty stay the same Smiley

Difficulty wipl never stay the same it will always rise and rise cuz of new mibers coming8l

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utarinues
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October 30, 2013, 02:45:29 PM
 #109

There is, just wait until the ASIC war is over and the difficulty stay the same Smiley

True, might happen next year (late probably).

Worth the wait, the 1 TH miners will cost like GPU
rampalija
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October 30, 2013, 02:52:16 PM
 #110

There is, just wait until the ASIC war is over and the difficulty stay the same Smiley

True, might happen next year (late probably).

Worth the wait, the 1 TH miners will cost like GPU


It will never ROI

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October 30, 2013, 03:10:43 PM
 #111

There is, just wait until the ASIC war is over and the difficulty stay the same Smiley

True, might happen next year (late probably).

Worth the wait, the 1 TH miners will cost like GPU


It will never ROI

what everyone seems to forget is that for the diff to double from here it requires 4000 1T machines. Its not going to happen as fast as most people thinks

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rampalija
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October 30, 2013, 04:36:24 PM
 #112

There is, just wait until the ASIC war is over and the difficulty stay the same Smiley

True, might happen next year (late probably).

Worth the wait, the 1 TH miners will cost like GPU


It will never ROI

what everyone seems to forget is that for the diff to double from here it requires 4000 1T machines. Its not going to happen as fast as most people thinks


every new miner who comes to mine BTC is taking a pice of your pie, and what is wilth ppl whoose ordered mineres are still in delivery

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derpcoin
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November 03, 2013, 01:58:57 PM
 #113

Yes I will stop mining just to reduce the competition and have a short minded blow out.
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November 03, 2013, 02:06:01 PM
 #114

There is, just wait until the ASIC war is over and the difficulty stay the same Smiley

True, might happen next year (late probably).

Worth the wait, the 1 TH miners will cost like GPU


It will never ROI

what everyone seems to forget is that for the diff to double from here it requires 4000 1T machines. Its not going to happen as fast as most people thinks


BFL alone estimates they can make 1000 Monarchs/day. So could happen in just one week sometimes early next year Smiley

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November 03, 2013, 02:18:28 PM
 #115

There is, just wait until the ASIC war is over and the difficulty stay the same Smiley

True, might happen next year (late probably).

Worth the wait, the 1 TH miners will cost like GPU


It will never ROI

what everyone seems to forget is that for the diff to double from here it requires 4000 1T machines. Its not going to happen as fast as most people thinks


BFL alone estimates they can make 1000 Monarchs/day. So could happen in just one week sometimes early next year Smiley

BFL estimates are usually very accurate...

rpg
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November 03, 2013, 02:48:58 PM
 #116

There is, just wait until the ASIC war is over and the difficulty stay the same Smiley

True, might happen next year (late probably).

Worth the wait, the 1 TH miners will cost like GPU


It will never ROI

what everyone seems to forget is that for the diff to double from here it requires 4000 1T machines. Its not going to happen as fast as most people thinks


BFL alone estimates they can make 1000 Monarchs/day. So could happen in just one week sometimes early next year Smiley

BFL estimates are usually very accurate...

there you go  Grin written in stone. As the price of equipment goes up the universe of miners willing to put 1000's into a asic is reduced and that will level difficulty.

.SPECTRE.                ▄▄███▄▄
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beegatewood
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November 03, 2013, 03:05:51 PM
 #117

There is, just wait until the ASIC war is over and the difficulty stay the same Smiley

True, might happen next year (late probably).

Worth the wait, the 1 TH miners will cost like GPU


It will never ROI

what everyone seems to forget is that for the diff to double from here it requires 4000 1T machines. Its not going to happen as fast as most people thinks


BFL alone estimates they can make 1000 Monarchs/day. So could happen in just one week sometimes early next year Smiley

Hahahaha, their estimates are so accurate, delayed more then a year for some of the products they sold...

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November 03, 2013, 07:57:23 PM
 #118

My 0.01 BTC worth...

1 - From an ROI perspective, it doesn't make sense to buy any hardware available right now at today's prices.

2 - If you want to invest, invest in BTC.

3 - Presumably because of #2 is why the value of BTC continues to climb.  The investors have nothing else to do with their money.

4 - At some point people want to start selling BTC to make a profit.  When that happens, the price of BTC stabilizes or falls.

5 - Hardware manufacturers and resellers have a problem right now.  They're invested in manufacturer/reselling ASICs and people are catching on to point #1 above.

6 - Something has to come from #5.  I suspect more than one ASIC company is going to go belly up because no one wants their hardware at the price they need to sell to break even, let alone make a profit.  Resellers are going to hurt too.  Watch for fire sales, but buy wisely not emotionally.  1/2 off normal price is probably still too much.

7 - As someone stated above, there is an ASIC bubble right now.  Horsepower is thru the roof.  Hard to make an honest BTC anywhere.  (Day trading is not honest.)

8 - Something has to come from #7.  I too think we're going to see a decrease in hashpower at some point, but I think the bubble has to get bigger first.

9 - Don't trust a word BFL says.  Their motto is a "there's a sucker born every minute".

10 - Seems to me the making of a perfect storm are here.  Be careful, there aren't going to be many winners in how this plays out.

M

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November 03, 2013, 09:34:39 PM
 #119


what everyone seems to forget is that for the diff to double from here it requires 4000 1T machines. Its not going to happen as fast as most people thinks

Really?  One company--Cointerra--claims that they're going to deliver 2,000 terahashes of hashing capacity in December alone.

Or think about it this way.  If the difficulty increases 25% for each of the next three intervals--which of course it will, it's not like the ASIC vendors are closing up shop--then the difficulty will double.  And an interval is like 10 days now, so we're talking a month.
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November 03, 2013, 10:25:58 PM
 #120

It isn't profitable to mine anymore but, without our miners there would be no transactions going through!

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