2013-10-24 WealthDaily: Investing in Bitcoin Mining

Arvicco

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Please bear with me

Quote from: kjlimo on October 27, 2013, 09:36:24 PM

For example, if you order KnC Miner today, I believe you can make your hardware costs back within a few months, and then earn a nice profit mining the rest of 2014.

This is highly debatable. Seems like most miners agree that it will be impossible to break even on any mining investment made right now:
https://bitcointalksearch.org/topic/stop-do-not-buy-that-new-asic-and-heres-why-317352
https://bitcointalksearch.org/topic/will-a-sepoct-knc-jupiter-ever-roi-317838
https://bitcointalksearch.org/topic/estimate-of-asic-pre-orders-13-to-15-phs-diff-18b-to-21b-by-end-of-2013-283820

kjlimo

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Quote from: TraderTimm on October 24, 2013, 03:09:20 PM

This idiot actually said that there was more profit in mining than trading Bitcoins.

What planet does he live on? On mine, we're at the cusp of a truly monsterous difficulty increase, and most hardware is pulling only modest amounts of coins. He also says that more will get mined every year as time goes on - which just shows he doesn't understand the 3,600 BTC/day limit, or anything else.

Total garbage.

This seems like an old article that I had already read before.

You sound like you're not a miner, because I think there's still plenty of money to be made ordering hardware.

For example, if you order KnC Miner today, I believe you can make your hardware costs back within a few months, and then earn a nice profit mining the rest of 2014.

TraderTimm

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