lihuajkl
Legendary
 Offline
Activity: 1596
Merit: 1000
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July 25, 2014, 06:09:16 AM |
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Mining in General is unprofitable and will likely not ROI after electricity and the miner is paid for. Even if you get a tax deduction you will simply lose less money but would not cause a profit.
Yes. Yet, most new comers still attract to the mining business. And the only ones that get more or less constant flow of income are the mining equipment producers. Also, the question is inevitable as to why would they sell mining equipment if they could just mine themselves? The mining equipment manufactures are mining themselves using the new model machines which are energy efficient, less noisy and tiny. After the new model is launched, then they keep mining with new model and sell out the old model. They grab a lot of profit not only from mining but also from selling mining machine. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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michaelwang33
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July 26, 2014, 05:56:59 AM |
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Mining in General is unprofitable and will likely not ROI after electricity and the miner is paid for. Even if you get a tax deduction you will simply lose less money but would not cause a profit.
Yes. Yet, most new comers still attract to the mining business. And the only ones that get more or less constant flow of income are the mining equipment producers. Also, the question is inevitable as to why would they sell mining equipment if they could just mine themselves? The mining equipment manufactures are mining themselves using the new model machines which are energy efficient, less noisy and tiny. After the new model is launched, then they keep mining with new model and sell out the old model. They grab a lot of profit not only from mining but also from selling mining machine. This is true, however I consider this to be very unethical. Manufacturers using customer money to build miners and then use the miners for their own profit is very wrong. I think that the customer should receive the bitcoin earned from these machines, less any electricity used. |
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Dread Pirate Roberts
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July 26, 2014, 05:58:39 AM |
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its bussines personal or other people can join to ?
the most important . about security . if you makes some bussines for other people to
because hacker easy break low security.
good luck.
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tee-rex
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July 26, 2014, 03:19:12 PM |
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Mining in General is unprofitable and will likely not ROI after electricity and the miner is paid for. Even if you get a tax deduction you will simply lose less money but would not cause a profit.
Yes. Yet, most new comers still attract to the mining business. And the only ones that get more or less constant flow of income are the mining equipment producers. Also, the question is inevitable as to why would they sell mining equipment if they could just mine themselves? The mining equipment manufactures are mining themselves using the new model machines which are energy efficient, less noisy and tiny. After the new model is launched, then they keep mining with new model and sell out the old model. They grab a lot of profit not only from mining but also from selling mining machine. That's what I expected and would probably do the same myself if I were a mining equipment manufacturer.  |
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tee-rex
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July 26, 2014, 03:26:54 PM |
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Mining in General is unprofitable and will likely not ROI after electricity and the miner is paid for. Even if you get a tax deduction you will simply lose less money but would not cause a profit.
Yes. Yet, most new comers still attract to the mining business. And the only ones that get more or less constant flow of income are the mining equipment producers. Also, the question is inevitable as to why would they sell mining equipment if they could just mine themselves? The mining equipment manufactures are mining themselves using the new model machines which are energy efficient, less noisy and tiny. After the new model is launched, then they keep mining with new model and sell out the old model. They grab a lot of profit not only from mining but also from selling mining machine. This is true, however I consider this to be very unethical. Manufacturers using customer money to build miners and then use the miners for their own profit is very wrong. I think that the customer should receive the bitcoin earned from these machines, less any electricity used. Regarding ethics, I see no problem here as long as the manufacturers don't change the mining equipment specifications (hash rate before all) and sell used hardware as brand new. If they mine too intensively on the equipment they sell, the difficulty will inevitably grow, and as a result the hash rate of the equipment will not provide enough return, so they won't be able to sell it in the end. |
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Mobius
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August 02, 2014, 10:12:10 PM |
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Mining in General is unprofitable and will likely not ROI after electricity and the miner is paid for. Even if you get a tax deduction you will simply lose less money but would not cause a profit.
Yes. Yet, most new comers still attract to the mining business. And the only ones that get more or less constant flow of income are the mining equipment producers. Also, the question is inevitable as to why would they sell mining equipment if they could just mine themselves? The mining equipment manufactures are mining themselves using the new model machines which are energy efficient, less noisy and tiny. After the new model is launched, then they keep mining with new model and sell out the old model. They grab a lot of profit not only from mining but also from selling mining machine. This is true, however I consider this to be very unethical. Manufacturers using customer money to build miners and then use the miners for their own profit is very wrong. I think that the customer should receive the bitcoin earned from these machines, less any electricity used. Regarding ethics, I see no problem here as long as the manufacturers don't change the mining equipment specifications (hash rate before all) and sell used hardware as brand new. If they mine too intensively on the equipment they sell, the difficulty will inevitably grow, and as a result the hash rate of the equipment will not provide enough return, so they won't be able to sell it in the end. Most manufacturers sell their machines via preorder instead of building the machines then selling and collecting funds. As a result the customer will pay for a miner, the manufacturer will design and build the machines, then test it for 2 months (while collecting the revenue from these tests) then ship the machine out to the customer. Do you see anything wrong with this? I certainly do! |
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halorose
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August 03, 2014, 03:54:04 AM |
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I think that there is no good regulation for now.
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