Mining will move to a sustenance market where there won't be much profit to gain.
everything goes to economic break even in a mature market. But if you think mining is close to that you probably shouldn't be involved with a mining-focused endeavor. Maybe sell your seats?
I happen to think that mining is slowly
moving toward a mature market but is nowhere near there yet. If you look at the difficulties that exist with buying mining equipment, constant missed ship dates, payment and refund issues, hardware reliability issues, etc. it is pretty clear we aren't there yet.
BTW (related to other post about loans) leverage can actually be a good thing in a near-mature market. If you have a small edge (say a high degree of competence in any of the above areas) you can turn it into a big edge in ROI.
The diversified stuff is great but don't count mining out yet. I see at least two big transitions coming in mining. Navigate those well and profit.
I'm kind of confused, you seem to agree with me... but at the same time seem confrontational...
My problem is the pricing of ASIC products makes positive ROI impossible, at least for now, so patience is worthwhile to find an opportunity that has a good chance of working out (maybe monarchs are, if we get in the bullet run it might be possible)
The fact is that, for nearly every ASIC product, you would have been better off buying BTC instead of the miner. There is negative ROI (measured in BTC out minus BTC in) everywhere except maybe the very first avalons and first month BFL products. Nasty's BFL products are probably a net loss*. KNC is a 50% loss from day 1. The solution to that isn't necessarily "let's save money to go buy more miners."
EDIT: I support Nasty and what he's trying to do, even with the loss. But since you had an emotion response to my first post, I'll give you a mathematical proof to my point:
*Nasty raised ~4k BTC (based on IPO and current shares outstanding, correct me if wrong). Of that original fund raising, we have received ~500 BTC in revenue. We may receive 20-50 BTC
more over the life of the hardware. That original fundraising did not buy any of the monarchs or cointerra products, since they were financed via loans - so ~600BTC
is probably the best we'll see as a return on the original IPO purchased products. Overall, this is positive ROI (by a lot) in $, but negative ROI in BTC