No mining hardware is worth buying

[DeathAndTaxes]

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.

ASIC prices can come down a LOT before hardware manufacturers are hurting.   <$2 per GH/s is pretty easy.  $1 per GH/s might be harder to do but I would expect raw chips (ASICs on the reel) to hit that sometime in 2014.  Of course vendor would rather sell a unit at $10 per GH than cutting prices to $5, or $3, or even $2 per GH/s isn't going to put anyone under.


That being said we likely will see one or more company go under.  These are small and often poorly run companies.  This is the gravy train portion with massive margins, lines of customers, or limited competition.  Pretty much impossible to not make money now.  When crunch time comes some won't make it.

[mdude77]

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.

ASIC prices can come down a LOT before hardware manufacturers are hurting.   <$2 per GH/s is pretty easy.  $1 per GH/s might be harder to do but I would expect raw chips (ASICs on the reel) to hit that sometime in 2014.  Of course vendor would rather sell a unit at $10 per GH than cutting prices to $5, or $3, or even $2 per GH/s isn't going to put anyone under.


That being said we likely will see one or more company go under.  These are small and often poorly run companies.  This is the gravy train portion with massive margins, lines of customers, or limited competition.  Pretty much impossible to not make money now.  When crunch time comes some won't make it.

Point noted, thanks.  I haven't been following prices close enough to observe, so I'll take your word for it.  I assumed the profit margins were thin. 

However I would think resellers will end up in a bind first.

M

[JessicaSe]

If this continues, it would come to a point where no mining hardware is worth selling and all ASIC company would have to switch to scrypt-asic and the war starts again...

[hZti]

But then everybody swathes to scrypt and you can get more BTc

[cassimares]

This title is wrong, there is hardware that is worth buying just not yet.... wait couple of months...

[rampalija]

This title is wrong, there is hardware that is worth buying just not yet.... wait couple of months...

Lool no hardware is worth of buying esspecialy in couple of months when difficulty will be insane

[rpg]

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.

ASIC prices can come down a LOT before hardware manufacturers are hurting.   <$2 per GH/s is pretty easy.  $1 per GH/s might be harder to do but I would expect raw chips (ASICs on the reel) to hit that sometime in 2014.  Of course vendor would rather sell a unit at $10 per GH than cutting prices to $5, or $3, or even $2 per GH/s isn't going to put anyone under.


That being said we likely will see one or more company go under.  These are small and often poorly run companies.  This is the gravy train portion with massive margins, lines of customers, or limited competition.  Pretty much impossible to not make money now.  When crunch time comes some won't make it.

Point noted, thanks.  I haven't been following prices close enough to observe, so I'll take your word for it.  I assumed the profit margins were thin. 

However I would think resellers will end up in a bind first.

M

hardware manufacturers have been thief's selling for what the diff is. Look at asicminer that started selling at 3BTC now at .035BTC with a hub included. They have been playing on people greed and stupidity and laughing their way into the bank. The eruptor doesn't cost more then $1 to produce  for gods sake!!! But look at how they are selling on ebay. The Jalo's are going for over $250 when they are worth tops $50 if one hopes to make ROI. Even the KNC 500G selling for $6000 are overpriced with a .15BTC return daily on the next diff, they'll never make ROI, NEVER. Thief's, that's the only name I can call them

[JungleBook]

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.

ASIC prices can come down a LOT before hardware manufacturers are hurting.   <$2 per GH/s is pretty easy.  $1 per GH/s might be harder to do but I would expect raw chips (ASICs on the reel) to hit that sometime in 2014.  Of course vendor would rather sell a unit at $10 per GH than cutting prices to $5, or $3, or even $2 per GH/s isn't going to put anyone under.


That being said we likely will see one or more company go under.  These are small and often poorly run companies.  This is the gravy train portion with massive margins, lines of customers, or limited competition.  Pretty much impossible to not make money now.  When crunch time comes some won't make it.

Point noted, thanks.  I haven't been following prices close enough to observe, so I'll take your word for it.  I assumed the profit margins were thin. 

However I would think resellers will end up in a bind first.

M

hardware manufacturers have been thief's selling for what the diff is. Look at asicminer that started selling at 3BTC now at .035BTC with a hub included. They have been playing on people greed and stupidity and laughing their way into the bank. The eruptor doesn't cost more then $1 to produce  for gods sake!!! But look at how they are selling on ebay. The Jalo's are going for over $250 when they are worth tops $50 if one hopes to make ROI. Even the KNC 500G selling for $6000 are overpriced with a .15BTC return daily on the next diff, they'll never make ROI, NEVER. Thief's, that's the only name I can call them

There is a better Class of ASIC mining company coming . Mark my words . Other companies will need to modify their prices and customer care to compete with the next generation of Asic developers.

[wpgdeez]

GPU's are profitable, ASICS not. Go LTC!

[willisblackburn]

Thief's, that's the only name I can call them

I'm afraid that's true.  Maybe not in the beginning, but definitely right now.  They're selling people investments that will never pay off.  It's no better than selling someone stock in a company that you know is going bankrupt.

[TheDragonSlayer]

GPU's are profitable, ASICS not. Go LTC!

ASIC AND FPGA for LTC is coming out soon. Good luck....

[darkmule]

Did a small test sale Tuesday night (6 Nov).  Said it would be there by 12 Nov.  Was actually there this morning.  Only difference was six days was slightly longer than their usual projected date.  The actual time it took to appear was normal.

Larger transactions may be handled differently.

[namoom]

Why hasn't anyone mentioned the fact that 1BTC is about $350 today?

Yes it will go down at some point, then back up (it is high risk though!)

I really am not too concerned about the power cost investment since I paid off my hardware

[jeppe]

In my opinion mining is not worth it anymore as the diff is skyrocketing to the moooon! Script mining is worth it atm with free power and LTC price going up. I invested in GPUS some month back and have nearly payed them of

[rampalija]

I would buy some BTCs now