A friend of mine is lucky enough to have a lot of money and he is asking me info on entering the mining world. He wants to mine more than buying bitcoins.
I have checked the forum and many other websites and it is my understanding that he can't buy anything and start mining right now. KNC is sold out and Cointerra has only the March batch available. Is this correct? Is it also correct that no other hardware would make sense right now? For example, he could buy a bunch of Asicminer blades but I don't think that would be profitable, even if he buys 50 of them.
Thanks a lot!
Your friend is lucky.
I got my Saturn miner from KnC a month ago, since then added two chips more from KnC generation 1 (28nm ASICs), and is now mining around 500GH/s.
KnCminer is pre-selling to current customers a 20nm miner at 3TH/s (3000 GH/s) for US$ 10K (9,999), with 20% less power consumption. Speed is guaranteed by them, and refunds can be request up to pre-delivery.
Given their excellent record so far (the Saturn was supposed to be a 400 GH/s and is a 500 GH/s, mine was delivered on time, and also the additional chips), I tend to trust them a lot, compared to others.
Unluckily I don't have money to invest now. So if your friend wants to, we can do a partnertship and get some of those Neptunes (delivery time is going to be Q1/Q2 2014).