I'm glad I got what I could lastnight then.
Very cool.
I won't be so sure.
The return of investment for gridseed is 4-8 months depending on what price you pay. And that is assuming network difficulty and coin price stay on par with each other.
I get the return of investment for gridseed 5-chip devices to 107 days if you mine litecoins and 75 days mining doge if you run the numbers at coinwarz for example.
There are also report of high defective rate on gridseed miner.
The defective rate, DOA units shouldent really matter much, what could it possibly be if i's high like you say, 1% max? can't think that any manufacturer on any electronics devices can have worse rates than that and thats really the manufacturers problems and cost not the buyers, in worst case you loose something like 7-14 days of mining time on 1/100 of your devices witch increases you ROI time from 75 days to 75.14 days so still pretty much 2,5 months at current btc price and profitabillity on scryptcoins.
This offering of this IPO is not free.
The cost to list a project on cryptostocks is 1 btc now i think so your right in usd terms the cost to list a project on cryptostocks has gone up compared to when they started the summer 2012 when it was at 5 btc if i remember correctly but in btc it has gone down.
And there is always risk of getting scammed, or outright incompetent.
Yea your right theres always a chance for that, maby you should ask fasbit to get avdanced verification on cryptostocks or i guess it's possible for you to check up the companys registration,
https://www.sos.ok.gov/corp/corpInformation.aspx?id=1912426386 i think it's there registration, you can probably get the info you whant from that oklahama secretary of state or some other gov instance, not exactly sure how or where it's you search info on people/company for free in the usa but checking up things will reduce your risk for that type of things.
Not saying this is a bad deal. But the risk is certainly lower than gambling where one will lose eventually and higher than do it oneself.
I think it's more relevant to compare investing in scryptmining with other mining projects, btc or scrypt than gambling sites and compared to bitcoin mining project there's no doubt that scryptmining project will return better, comparing it to other scryptmining projects there you have to look closer to each case to say whats better or worse and do it yourself, that depends on the individuals situation/skills, some probably don't have the abiliity to run mining farms efficiently, either because of lack of skills, space, heat issues, already maxed out fuses in your houses if you can't upgrade to higer ones, to high electricity costs in your country/state and so on.
