Why are you trying to discuss the price of a product which is no longer there? And those are not MY products.
Um, because that was the product that he asked about? The price has gone down too. And will continue to go down. So I'll ask again, why would someone want to lock in a rate today when we know with certainty it will be cheaper tomorrow?
As I said you love to assume things about people- you are talking about me like I was an employee while in fact I'm a client.
You have their ad in your sig. You ARE getting paid for that, right?
This is a scrypt miner, people aren't going to mine BTC with it, yet you love to convert everything to BTC and count in this terms while in fact you have no idea which coin a buyer will mine and how much they will profit.
Well, this is BITcointalk.org, not LITEcointalk.org. If you prefer to calculate ROI using litecoin, then fine. The device costs 975LTC. It can be expected to mine at absolute most, 300LTC and in all likely hood, a lot less than that.
Don't forget that a coin's price can double in a week. All of these calculations you're trying to do are useless because there are too many things you aren't taking into account.
It can, but it won't. And even if it did, you would have just been better off purchasing the coins directly instead of throwing away so many buying this machine.
My point with comparing Vaultbreaker to Zeus is that these are different machines. You seem to know a lot about their power consumption yet you point out that they had to be GAW products because there's company name on the case. Ever heard of rebranding?
Nice to know GAW doesn't stand by their products. They put the machines together, put their name on it, and made sure all over their website everyone knew these were THEIR machines. Now when they don't work right, all of a sudden they're someone else's machines?
The chips inside were made by Zeus and the specs were also sent by them. Gaw copied the specs from the chip manufacturer.
Got it. So GAW didn't actually do any due diligence before selling the product. They just took the manufacturer at their word because hey why not? They'll just blame the manufacturer if they don't work right. Stand to reason of course, that they are doing that again.
No need to give me definitions - that's exactly why I told you to take a deep breath before calling me names. As I said your assumptions about me are wrong.
I do think you needed the definition, because by saying I am "calling you names", you imply you do not know what the word means and just think it is a random insult. You ARE shilling for them; unless you are going to suggest you do not receive any sort of compensation from them? That the sig ad is just because you believe in them THAT much?
On the other hand you are either negative towards GAW (you seem to act like you know the industry, yet you say Zeus based miners used 4 times more power than advertised, which is wrong and trying to increase these numbers just shows your attitude towards them).
A. They advertised their machines, when in the preorder stage, as being 1.2Mh/s chips consuming 12 watts per, plus or minus 10%. They turned out to be 1.3Mh/s chips consuming 45 watts, plus or minus 10%. You can get your calculator if you need to.
B. I'm not negative towards GAW, you are just really defensive. He asked a simple question, if the device will ROI or not. The answer is no, not even close. I then demonstrated some simple facts to illustrate why. You then proceeded to attack me and quibble about minor points, throw around vague claims that such and such coin *could* go up in value, and generally do your best to confuse and obfuscate the issue, because my math is quite sound and it is indisputable that these devices will never generate revenue even remotely close to what they cost.
I wonder where all this negativity comes from? Are you mining right now and can't get ROI? Are you one of those people preaching the death of mining? Looks like it
I do not own any scrypt asics. I did make a substantial profit selling scrypt asics though. Given that revenue was dropping faster than the cost of these things, it made more sense to sell them (mining was just something to do while waiting for buyers). I don't preach one thing and then do another.
I did not preach the end of scrypt mining. I have no doubt that the manufacturers who build these devices and hence get them at cost (a couple of hundred dollars in the beginning) before anyone else gets them will make substantial mining profits thanks to your preorder money. They always do.
