I'm pretty new to BitCoin. I bought a few a few weeks ago made some money (in theory, I haven't cashed out) and am now looking into buying mining equipment.
if mining_is_profitable
if other_activity_profit > mining_profit
do_other_activity
else
easily_find_investment_because_im_a_goddamn_proven_chip_designer
produce_mining_equipment
mine_bitcoin
end
else
if is_undefined(mining_profitability)
if can_find_fools
untrustworthy = 1
collect_pre-order_money
produce_mining_equipment
if mining_profitability > 0
mine_bitcoin
do_bullshitting
lie_to_customers
untrustworthy = untrustworthy + 1
else
ship_product
end
end
end
end
This to me pretty much explains everything I've read on these forums about manufacturers not shipping, pre order delays, how uncertain most manufacturers seem, in short, why this process is so god damn more complicated than buying anything else. I have not seen any hard data (hash rate) that suggests manufacturers are doing this.
Thoughts?
