If you're thinking buying mining hardware, read this first

[Inaba]

Of course, DrG is lying as usual.  But don't let his lies dissuade you from believing in idiots like him if you like doing that sort of thing.

(ROFLCopters at BFL not having taped out.  What an idiot.)

[dopeBroker]

I have to pose the question. Is mining profitable enough to even be able to scale up enough in a reasonable manner? I take it we can't expect to double profits at all, but let's say you expanded your ANTMINERS for the next 3 months by one unit starting at one, and then took the profits from those to flip into newer technology that will likely be announced, is there a point where your profits will eventually sustain the business of replacing current hardware and expanding to purchase additional hardware?

From my view with the calculators that do factor in difficulty increase, it doesn't seem very likely. Here I am about to try it anyway though...

[Inaba]

Yes, but not until the next generation of miners are deployed and active.  Until then, it's a race to just keep up.  Once the next generation is out there, we are up against a technology wall that will slow down the pace of new hardware being rolled out dramatically, giving the miners and the manufacturers time to breathe a bit.

[FloridaBear]

Of course, DrG is lying as usual.  But don't let his lies dissuade you from believing in idiots like him if you like doing that sort of thing.

(ROFLCopters at BFL not having taped out.  What an idiot.)

You're right. His May/June estimate was idiotic. September would have been a lot closer. And what a bargain for existing customers at $1.97/GH. Super ROI there.

Josh, sometimes your arrogance is truly breathtaking.

[DrG]

Of course, DrG is lying as usual.  But don't let his lies dissuade you from believing in idiots like him if you like doing that sort of thing.

(ROFLCopters at BFL not having taped out.  What an idiot.)

You're right. His May/June estimate was idiotic. September would have been a lot closer. And what a bargain for existing customers at $1.97/GH. Super ROI there.

Josh, sometimes your arrogance is truly breathtaking.

Wow I didn't see the reply lol.  Yes Josh, I am the idiot.  I am the idiot that fell for your lies and paid 209BTC and believed your company would ship an ASIC in October 2012 that end up being delivered in July 2013 - and died within 1 week of usage and took almost 14 days to RMA.  Yes I am an idiot - only idiots get into medical school and finish medical residency you know - we can't all wear Big Boy Pants.

I love the accusation of lying as usual - I would like one link to where I lied on these forms.  The court documents clearly showed where you lied.

How's that Monarch shipping going? Two weeks you say?

[Finksy]

All I can think about is that early miners were pulling in 25+ BTC per week.  If only hindsight was 20/20, that should be the slogan of this message board.

[FloridaBear]

All I can think about is that early miners were pulling in 25+ BTC per week.  If only hindsight was 20/20, that should be the slogan of this message board.

Yes, but you would have either had to guess right AND time it right, or spread your bets around with multiple vendors, maybe none of which would have panned out. Some got lucky but most got screwed.