Topic: A rally is inevitable - page 3. (Read 5285 times)
Seems to make a lot of sense. Investing in bitcoins requires a business strategy if you are going to put a lot of wealth into it. I had no idea how few coins one would make with those mining rigs. If you are planning on holding bitcoins then the rigs wouldn't be a bad idea.
Works for me.
Leggo.
Leggo.
Based on latest difficulty and a 20% difficulty change projection, all the ASIC mining rigs will generate 500% of its current difficulty income during its lifespan
This means, if you have a 25Gh device, and start to hash at the beginning of this difficulty, you will make 4 coins total at current difficulty, and 20 coins during its lifespan, so any purchase price higher than 20 coins will never ROI in bitcoin. If the device arrived after one month, it will only generate 10 coins during its lifespan
Take knc's 200GH device for example, costs about 40 bitcoins. If it start to mine after one month, first period will be 16 coins, 80 coins during its life span. After another month (which is shceduled delivery time), first period will be 8 coins, 40 coins during its life span.
This is also true for those buying mining equipments with fiat money, if you spend fiat money to buy those 40 coins, you already had them without all those hassles about managing mining equipments
The positive thing is, soon the mining channel of investment in bitcoin almost fully closed, investment capital will flow back into exchanges
(But it is also possible that most of the investment capitals were trapped in mining devices thus no money can be used to purchase bitcoin now. In such a case we will see lackluster price development and skyrocketing difficulty)
This means, if you have a 25Gh device, and start to hash at the beginning of this difficulty, you will make 4 coins total at current difficulty, and 20 coins during its lifespan, so any purchase price higher than 20 coins will never ROI in bitcoin. If the device arrived after one month, it will only generate 10 coins during its lifespan
Take knc's 200GH device for example, costs about 40 bitcoins. If it start to mine after one month, first period will be 16 coins, 80 coins during its life span. After another month (which is shceduled delivery time), first period will be 8 coins, 40 coins during its life span.
This is also true for those buying mining equipments with fiat money, if you spend fiat money to buy those 40 coins, you already had them without all those hassles about managing mining equipments
The positive thing is, soon the mining channel of investment in bitcoin almost fully closed, investment capital will flow back into exchanges
(But it is also possible that most of the investment capitals were trapped in mining devices thus no money can be used to purchase bitcoin now. In such a case we will see lackluster price development and skyrocketing difficulty)
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